123 E Kimball Ave Unit 14 Hemet, CA 92543
Downtown Hemet NeighborhoodEstimated Value: $519,000 - $728,000
3
Beds
3
Baths
2,900
Sq Ft
$224/Sq Ft
Est. Value
About This Home
As of January 2019These four units are fully occupied with long term tenants. Many new upgrades including new roof, new paint, new dishwashers, new heaters, and much more. This property has been approved by the city of Hemet as a residential income property. There were also a couple new air conditioning units installed this year. The entire deck upstairs has also been replaced and resurfaced.
There is also an additional 5th unit that is currently not being utilized at full potential but may be used as an office. The unit has a shower, toilet, and kitchenette. Very nice building with plenty of upside potential.
Last Agent to Sell the Property
Sireci Group Inc. License #01881605 Listed on: 07/26/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,062
Year Built
- Built in 1980
Lot Details
- 5,767 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 4 Car Garage
Home Design
- 2,900 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
- 220 Volts In Laundry
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 443311001
Community Details
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $65
- Insurance Expense $750
- Trash Expense $900
- Water Sewer Expense $1,500
- New Taxes Expense $4,150
- Operating Expense $6,550
- Gross Income $27,710
- Net Operating Income $25,850
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2018
Closed on
Dec 21, 2018
Sold by
Ritchie See Carson K and Ritchie Li
Bought by
Sudds Nicole
Seller's Agent
Roger Wazny
Sireci Group Inc.
Buyer's Agent
NoEmail NoEmail
Karis Realty
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,655
Avg. Annual Appreciation
8.73%
Original Mortgage
$392,755
Interest Rate
4.6%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 21, 2017
Sold by
Worcester John and Worcester Diane
Bought by
See Carson K and Li Ritchie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,125
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 16, 2012
Sold by
Worcester John and Worcester Diane
Bought by
Worcester John and Worcester Diane
Purchase Details
Closed on
Mar 10, 2004
Sold by
Paluso Gary E and Paluso Linda S
Bought by
Worcester John and Worcester Diane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
4.28%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 18, 2003
Sold by
Rubicon Properties Llc
Bought by
Paluso Gary E and Paluso Linda S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 24, 2003
Sold by
Grimaldi Larry
Bought by
Rubicon Properties Llc
Purchase Details
Closed on
Jan 20, 2003
Sold by
Braswell Brigitta
Bought by
Grimaldi Larry
Purchase Details
Closed on
Oct 22, 2002
Sold by
Dodson E F and Dodson Beverly J
Bought by
Grimaldi Larry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,100
Interest Rate
5.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 13, 1997
Sold by
Dodson Ernest F and Dodson Beverly J
Bought by
Dodson E F and Dodson Beverly J
Similar Home in Hemet, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sudds Nicole | $400,000 | Lawyers Title Company | |
| See Carson K | $329,500 | Corinthian Title Company | |
| Worcester John | -- | None Available | |
| Worcester John | $410,000 | Orange Coast Title Co | |
| Paluso Gary E | $333,500 | Orange Coast Title Co | |
| Rubicon Properties Llc | -- | -- | |
| Grimaldi Larry | -- | Orange Coast Title | |
| Grimaldi Larry | $239,000 | Orange Coast Title | |
| Dodson E F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sudds Nicole | $97,141 | |
| Open | Sudds Nicole | $392,046 | |
| Closed | Sudds Nicole | $392,755 | |
| Previous Owner | See Carson K | $247,125 | |
| Previous Owner | Worcester John | $328,000 | |
| Previous Owner | Paluso Gary E | $244,000 | |
| Previous Owner | Grimaldi Larry | $215,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2019 01/25/19 | Sold | $400,000 | -3.6% | $138 / Sq Ft |
| 07/26/2018 07/26/18 | For Sale | $415,000 | -- | $143 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $5,062 | $428,879 | $107,219 | $321,660 |
| 2022 | $4,902 | $420,470 | $105,117 | $315,353 |
| 2021 | $4,822 | $412,226 | $103,056 | $309,170 |
| 2020 | $4,770 | $408,000 | $102,000 | $306,000 |
| 2019 | $3,944 | $336,090 | $56,100 | $279,990 |
| 2018 | $3,823 | $329,500 | $55,000 | $274,500 |
| 2017 | $3,518 | $300,000 | $89,000 | $211,000 |
| 2016 | $2,819 | $235,000 | $70,000 | $165,000 |
| 2015 | $2,632 | $216,000 | $70,000 | $146,000 |
| 2014 | $2,429 | $204,000 | $65,000 | $139,000 |
Source: Public Records
Agents Affiliated with this Home
-
Roger Wazny
R
Seller's Agent in 2019
Roger Wazny
Sireci Group Inc.
(949) 525-2747
12 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
Karis Realty
(646) 541-2551
5,690 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18179875
APN: 443-311-001
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