NOT LISTED FOR SALE

1205 Olive Tree Ln Hemet, CA 92543

Estimated Value: $599,000 - $689,467

1 Bed
1 Bath
3,000 Sq Ft
$215/Sq Ft Est. Value

Last Sold July 25, 2019

Last sale price $399,900 $133 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,834/month

28 Days on Market

About This Home

As of July 2019

(FOURPLEX) FOUR ONE BEDROOM, ONE BATH UNITS. ALL SINGLE STORY. 4 SINGLE CAR GARAGES. LOCATED ON A QUIET CUL DE SAC STREET. VERY CLEAN WITH NEWER ROOF. SOLID INVESTMENT W/ POTENTIAL UPSIDE IN RENTS. THIS PROPERTY IS PRICED TO SELL, AND IS SUBJECT TO AN INTERIOR INSPECTION. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Randy La Pierre

Realty ONE Group Southwest License #00631893 Listed on: 05/13/2019

Last Buyer's Agent

Steve Krasovec

Century 21 Masters License #01192212

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,974

Year Built

  • Built in 1970

Lot Details

  • 7,039 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 4 Car Garage

Home Design

  • 3,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 2962
  • Assessor Parcel Number 447173025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,479
  • Maintenance Expense $2,880
  • Trash Expense $1,495
  • Water Sewer Expense $3,840
  • New Taxes Expense $4,998
  • Operating Expense $14,692
  • Gross Income $38,400
  • Net Operating Income $23,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,974

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3840.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 447173025
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 133.30

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1495.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Lot 6500-9999
  • Lot Size Sq Ft: 7039.00
  • Lot Size Acres: 0.1616

Multi Family

  • Gross Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1479.00
  • Lot Size Area: 7039.0000 Square Feet
  • Maintenance Expense: 2880.00
  • Net Operating Income: 23708.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14692.00
  • Rent Control: No
  • Total Expenses: 14692.00

Tax Info

  • New Taxes Expense: 4998.00
  • Tax Census Tract: 434.03
  • Tax Lot: 19
  • Tax Tract Number: 2962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Jun 21, 2019
Sold by
Costello Severlo Anthony and Costello Paz Angelica
Bought by
Butts Tremayne L and Lara Patricia
Seller's Agent
Randy La Pierre
Realty ONE Group Southwest
Buyer's Agent
Steve Krasovec
Century 21 Masters
List Price
$399,900
Sold Price
$399,900
Current Estimated Value
$644,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,967
Avg. Annual Appreciation
7.97%
Original Mortgage
$350,000
Interest Rate
3.8%
Mortgage Type
VA

Purchase Details

Closed on
Jan 9, 2002
Sold by
Gleniec Marjorie
Bought by
Gieniec Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2002
Sold by
Legend Investment Group Inc
Bought by
Costello Severio Anthony and Costello Paz Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2001
Sold by
Legend Investment Group Inc
Bought by
Gieniec Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,919
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2001
Sold by
Manuel Jim C and Manuel Deborah
Bought by
Legend Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,919
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 1995
Sold by
Redlands Federal Bank Fsb
Bought by
Manuel Jim C and Manuel Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 1995
Sold by
Veiga Fred W and Veiga Carol J
Bought by
Redlands Federal 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
Butts Tremayne L $400,000 Stewart Title Of Ca Inc
Gieniec Joe -- American Title
Costello Severio Anthony $135,000 American Title
Gieniec Joe -- Orange Coast Title
Legend Investment Group Inc $90,000 Orange Coast Title
Manuel Jim C $70,000 Chicago Title Co
Redlands Federal Bank Fsb $96,222 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butts Tremayne L $350,000
Previous Owner Costello Severio Anthony $108,000
Previous Owner Legend Investment Group Inc $115,919
Previous Owner Manuel Jim C $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2019 07/25/19 Sold $399,900 0.0% $133 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $399,900 -- $133 / 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 $4,974 $437,344 $153,109 $284,235
2023 $4,974 $420,363 $147,164 $273,199
2022 $4,817 $412,122 $144,279 $267,843
2021 $4,738 $404,042 $141,450 $262,592
2020 $4,688 $399,900 $140,000 $259,900
2019 $2,171 $178,762 $46,338 $132,424
2018 $2,107 $175,258 $45,431 $129,827
2017 $2,083 $171,823 $44,541 $127,282
2016 $2,069 $168,455 $43,668 $124,787
2015 $2,063 $165,926 $43,013 $122,913
2014 $1,974 $162,677 $42,171 $120,506
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Randy La Pierre

    Realty ONE Group Southwest

  • Steve Krasovec

    Buyer's Agent in 2019

    Steve Krasovec

    Century 21 Masters

    (951) 306-9757

    33 Total Sales

    Steve Krasovec
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19109352

California Regional Multiple Listing Service (CRMLS)

APN: 447-173-025

California Riverside County Hemet 92543

1205 Olive Tree Ln, Hemet, CA

This home is located at 1205 Olive Tree Ln, Hemet, CA 92543 since 13 May 2019 and is currently estimated at $644,867, approximately $214 per square foot. This property was built in 1970. 1205 Olive Tree Ln is a home located in Riverside County with nearby schools including Whittier Elementary School, Acacia Middle School, and West Valley High School.

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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