NOT LISTED FOR SALE

1195 Olive Tree Ln Hemet, CA 92543

Estimated Value: $471,253 - $822,000

1 Bed
1 Bath
2,800 Sq Ft
$215/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $220,000 $79 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $3,451/month

269 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Paved or Partially Paved Lot
  • No HOA
  • Tile Flooring
  • Wall Furnace

About This Home

As of February 2014

VERY NICE QUAD ON THE EAST SIDE OF TOWN, GREAT INVESTMENT PROPERTY, 4, 1BD/1BA UNITS, EACH WITH ITS OWN SMALL BACKYARD AND GARAGE. SUBJECT TO INTERIOR INSPECTION DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Michele Murray

SimpliHOM License #01483315 Listed on: 01/31/2014

SimpliHOM

Last Buyer's Agent

Elmon Leggett

Realty Excel License #00883565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,103

Year Built

  • Built in 1979

Lot Details

  • 6,883 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Shared Driveway

Home Design

  • 2,800 Sq Ft Home
  • Property Attached
  • Slab Foundation
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Bedrooms Down
  • 1 Bathroom

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Free-Standing Range
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1829
  • Tax Tract Number 2962
  • Assessor Parcel Number 447173026

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Professional Management Expense $1,200
  • Trash Expense $200
  • Water Sewer Expense $4,800
  • New Taxes Expense $2,000
  • Gross Income $2,000
  • Net Operating Income $14,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,103

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Parcel Number: 447173026
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 78.57
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Shared Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 6883.00
  • Lot Size Acres: 0.1580

Multi Family

  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6883.0000 Square Feet
  • Net Operating Income: 14600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 9400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Lot: 1829
  • Tax Tract Number: 2962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2014
Closed on
Feb 25, 2014
Sold by
7 Summit Properties 1 Llc
Bought by
Haynes Marlon
Seller's Agent
Michele Murray
SimpliHOM
Buyer's Agent
Elmon Leggett
Realty Excel
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Current Estimated Value
$602,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,063
Avg. Annual Appreciation
9.04%
Original Mortgage
$216,015
Outstanding Balance
$163,980
Interest Rate
4.38%
Mortgage Type
FHA
Estimated Equity
$438,083

Purchase Details

Closed on
May 10, 2010
Sold by
Nakka Sreenivasa R and Nakka Hemalatha
Bought by
7 Summit Properties 1 Llc

Purchase Details

Closed on
Aug 17, 2009
Sold by
Amato Christine M and Amato Janice G
Bought by
Nakka Sreenivasa R and Nakka Hemalatha

Purchase Details

Closed on
Sep 15, 2005
Sold by
Amato Ron
Bought by
Amato Janice G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2004
Sold by
Amato Christine M and Amato Janice G
Bought by
Cjr Holdings Llc

Purchase Details

Closed on
Apr 16, 2004
Sold by
Amato Ronald
Bought by
Amato Janice G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2004
Sold by
3T Properties Llc
Bought by
Amato Christine M and Amato Janice G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2003
Sold by
Hardesty Robert
Bought by
3 T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,800
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2002
Sold by
Hardesty Marti
Bought by
Hardesty Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2000
Sold by
Hud
Bought by
Hardesty Robert and Hardesty Marti

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2000
Sold by
White Mountains Services Corp
Bought by
Hud

Purchase Details

Closed on
Jul 21, 1998
Sold by
Baragas Family Trust Of 1995 and Paul
Bought by
Inderwiesche Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,957
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 1995
Sold by
Emc Mtg Corp
Bought by
Hernandez Victor

Purchase Details

Closed on
Apr 3, 1995
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Mar 15, 1995
Sold by
Veiga Fred W and Veiga Hope Carol
Bought by
Great Western Bank Fsb
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Haynes Marlon $220,000 Chicago Title Inland Empire
7 Summit Properties 1 Llc -- None Available
Nakka Sreenivasa R $161,000 Chicago Title Company
Amato Janice G -- Ticor Title Company Of Ca
Amato Christine M -- Ticor Title Company Of Ca
Cjr Holdings Llc -- --
Amato Janice G -- Chicago Title Co
Amato Christine M $395,000 Chicago Title Co
3 T Properties Llc $251,000 Chicago Title Co
Hardesty Robert -- Chicago Title Co
Hardesty Robert $83,000 Orange Coast Title
Hud -- --
White Mountains Services Corp $89,425 Fidelity National Title Ins
Inderwiesche Stephanie $83,000 --
Hernandez Victor $70,000 Chicago Title Co
Emc Mtg Corp $51,000 Chicago Title Company
Great Western Bank Fsb $70,517 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haynes Marlon $216,015
Previous Owner Amato Christine M $370,000
Previous Owner Amato Christine M $316,000
Previous Owner 3 T Properties Llc $285,800
Previous Owner Hardesty Robert $120,000
Previous Owner Hardesty Robert $85,000
Previous Owner Inderwiesche Stephanie $82,957
Closed Amato Christine M $39,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $220,000 -4.3% $79 / Sq Ft
10/11/2013 10/11/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $230,000 -- $82 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,103 $269,676 $79,675 $190,001
2023 $3,103 $259,206 $76,582 $182,624
2022 $3,007 $254,125 $75,081 $179,044
2021 $2,958 $249,143 $73,609 $175,534
2020 $2,933 $246,590 $72,855 $173,735
2019 $2,870 $241,756 $71,427 $170,329
2018 $2,784 $237,017 $70,027 $166,990
2017 $2,751 $232,370 $68,654 $163,716
2016 $2,732 $227,814 $67,308 $160,506
2015 $2,724 $224,394 $66,298 $158,096
2014 $2,037 $169,526 $68,441 $101,085
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HM13010055

California Regional Multiple Listing Service (CRMLS)

APN: 447-173-026