NOT LISTED FOR SALE

125 E Central Ave Hemet, CA 92543

Estimated Value: $416,000 - $510,741

2 Beds
1 Bath
1,828 Sq Ft
$257/Sq Ft Est. Value

Last Sold June 20, 2017

Last sale price $258,000 $141 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,775/month

11 Days on Market

Highlights

  • Corner Lot
  • Double Pane Windows
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • Chain Link Fence

About This Home

As of June 2017

Don’t miss out on this Investment opportunity, or live in one and rent the other for extra income. Located in an established neighborhood of single family homes, each unit has its own address 125 Central and 127 Central, but both are under the same APN. Low taxes and no homeowners association! Each unit in this nicely maintained, corner lot duplex has 2 bedrooms and 1 bath joined by two single car garages with washer and dryer hook ups and a separate garage door entrance from the private backyard/patios. There are large windows and a sliding glass door that make these homes light and bright. The current owners have made some improvements including energy efficient dual pane windows, newer interior, exterior paint and flooring. Located near shopping, dining, entertainment, Hemet’s Harvard District, Hemet Ryan Airport or Diamond Valley Lake for hiking or fishing. Idyllwild, Cabazon, Palm Springs and Temecula are all located a short distance for a day trip away.

Last Agent to Sell the Property

Denise Wendland

Coldwell Banker Kivett-Teeters License #01730356 Listed on: 05/03/2017

Coldwell Banker Kivett-Teeters

Last Buyer's Agent

Jessie Fenter

REVIRON REALTY License #01955100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,417

Year Built

  • Built in 1971

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Corner Lot
  • Sprinkler System
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Duplex
  • Combination Foundation
  • Composition Roof

Interior Spaces

  • 1,828 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 434011
  • Assessor Parcel Number 446071019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $980
  • Insurance Expense $1,029
  • Maintenance Expense $350
  • Pest Control $65
  • Trash Expense $1,008
  • Water Sewer Expense $1,800
  • New Taxes Expense $2,600
  • Operating Expense $7,869
  • Net Operating Income $12,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,417

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: R1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 980.00
  • Parcel Number: 446071019
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl
  • Levels: One
  • Price Per Square Foot: 141.14
  • Room Type: Kitchen, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Combination
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Pest Control Expense: 65.00
  • Sewer: Public Sewer
  • Trash Expense: 1008.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 7841.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 1029.00
  • Maintenance Expense: 350.00
  • Net Operating Income: 12531.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 7869.00
  • Rent Control: No
  • Total Actual Rent: 1700.00
  • Total Expenses: 7869.00

Tax Info

  • New Taxes Expense: 2600.00
  • Tax Census Tract: 434.01
  • Tax Lot: 1
  • Tax Tract Number: 434011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2021
Sold by
Peterson Bonnie K
Bought by
Peterson Bonnie K and The Bonnie K Peterson Trust
Current Estimated Value
$469,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Outstanding Balance
$175,679
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$294,006

Purchase Details

Closed on
Sep 22, 2018
Sold by
Peterson Bonnie Kay
Bought by
Peterson Bonnie K

Purchase Details

Listed on
May 3, 2017
Closed on
May 23, 2017
Sold by
Mcgee Danny L and Mcgee Connie G
Bought by
Peterson Bonnie Kay
Seller's Agent
Denise Wendland
Coldwell Banker Kivett-Teeters
Buyer's Agent
Jessie Fenter
REVIRON REALTY
List Price
$256,000
Sold Price
$258,000
Premium/Discount to List
$2,000
0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$193,500
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2012
Sold by
Krantz Richard L and Krantz Sandra J
Bought by
Mcgee Danny L and Mcgee Connie G

Purchase Details

Closed on
Feb 20, 2009
Sold by
Krantz Richard L and Krantz Sandra J
Bought by
Hemet Srk Llc

Purchase Details

Closed on
Jul 27, 2007
Sold by
Krantz Richard L and Krantz Sandra J
Bought by
Krantz Richard L and Krantz Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
6.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2006
Sold by
Krantz Richard L and Krantz Sandra J
Bought by
Krantz Richard L and Krantz Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
6.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2006
Sold by
Krantz Richard L and Krantz Sandra J
Bought by
Krantz Richard and Krantz Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
6.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2004
Sold by
Direct Development Llc
Bought by
Krantz Richard L and Krantz Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2004
Sold by
Becker James R
Bought by
Direct Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2004
Sold by
Becker Linda Diane
Bought by
Becker James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2004
Sold by
Tuller Albert G and Tuller Patricia T
Bought by
Becker James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 1993
Sold by
Tuller Albert G and Tuller Patricia T
Bought by
Tuller Albert G and Tuller Patricia T
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
Peterson Bonnie K -- Accommodation
Peterson Bonnie K -- Stewart Title Guaranty Co
Peterson Bonnie K -- None Available
Peterson Bonnie Kay $258,000 First American Title Company
Mcgee Danny L $124,000 Lawyers Title Dee Dee Burlan
Hemet Srk Llc -- None Available
Krantz Richard L -- Accommodation
Krantz Richard L -- Commonwealth Land Title Co
Krantz Richard L -- None Available
Krantz Richard -- First American Title Company
Krantz Richard L $350,000 Commonwealth Land Title Co
Direct Development Llc -- Commonwealth Title
Becker James R -- Commonwealth Land Title Co
Becker James $225,000 Commonwealth Land Title Co
Tuller Albert G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Bonnie K $195,000
Closed Peterson Bonnie Kay $193,500
Previous Owner Krantz Richard L $311,000
Previous Owner Krantz Richard $286,000
Previous Owner Krantz Richard L $280,000
Previous Owner Becker James $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2017 06/20/17 Sold $258,000 +0.8% $141 / Sq Ft
05/14/2017 05/14/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $256,000 +113.3% $140 / Sq Ft
06/01/2012 06/01/12 Sold $120,000 0.0% $66 / Sq Ft
05/02/2012 05/02/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $120,000 -- $66 / 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 $3,417 $299,423 $59,186 $240,237
2023 $3,417 $287,798 $56,889 $230,909
2022 $3,311 $282,156 $55,774 $226,382
2021 $3,257 $276,625 $54,681 $221,944
2020 $3,229 $273,790 $54,121 $219,669
2019 $3,160 $268,422 $53,060 $215,362
2018 $3,064 $263,160 $52,020 $211,140
2017 $1,633 $134,193 $21,642 $112,551
2016 $1,621 $131,563 $21,218 $110,345
2015 $1,630 $129,589 $20,900 $108,689
2014 $1,561 $127,053 $20,492 $106,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW17096905

California Regional Multiple Listing Service (CRMLS)

APN: 446-071-019