NOT LISTED FOR SALE

1195 Olive Tree Ln Hemet, CA 92543

Hemet Area

Estimated Value: $472,372 - $694,000

1 Bed
1 Bath
2,800 Sq Ft
$204/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2014

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

Est. 160% increase in value since last sale

Current estimated payment $3,405 / mo

269 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Tile Flooring
  • Wall Furnace
  • No HOA
  • Paved or Partially Paved Lot

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

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

Year Built

Built in 1979

Lot Details

6,883 Sq Ft Lot

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 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2014
Closed on
Feb 25, 2014
Sold by
Bought by
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
$572,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,593
Avg. Annual Appreciation
7.96%
Original Mortgage
$216,015
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 17, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 2005
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Apr 16, 2004
Sold by
Bought by

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
Bought by

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
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,400
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 2002
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jul 21, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 1995
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 15, 1995
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$220,000 Chicago Title Inland Empire
-- None Available
$161,000 Chicago Title Company
-- Ticor Title Company Of Ca
-- Ticor Title Company Of Ca
-- --
-- Chicago Title Co
$395,000 Chicago Title Co
$251,000 Chicago Title Co
-- Chicago Title Co
$83,000 Orange Coast Title
$89,425 Fidelity National Title Ins
-- --
$83,000 --
$70,000 Chicago Title Co
$51,000 Chicago Title Company
$70,517 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $383,600
Closed $245,000
Closed $213,722
Closed $216,015
Previous Owner $370,000
Previous Owner $316,000
Previous Owner $36,400
Previous Owner $285,800
Previous Owner $120,000
Previous Owner $85,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,163 $275,069 $81,268 $193,801
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

  • M

    Seller's Agent in 2014

    Michele Murray

    SimpliHOM

    Section Image

  • E

    Buyer's Agent in 2014

    Elmon Leggett

    Realty Excel

    (310) 242-3147

    5 Total Sales

    Elmon Leggett
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HM13010055

California Regional Multiple Listing Service (CRMLS)

APN: 447-173-026

California Riverside County Hemet 92543

1195 Olive Tree Ln, Hemet, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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