NOT LISTED FOR SALE

1365 E 8th St Beaumont, CA 92223

Estimated Value: $560,000 - $876,000

4 Beds
3 Baths
1,536 Sq Ft
$473/Sq Ft Est. Value

Last Sold September 20, 2022

Last sale price $752,655 $490 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,765/month

112 Days on Market

Highlights

  • In Ground Pool
  • 1.91 Acre Lot
  • Bonus Room
  • View of Trees or Woods
  • Wood Flooring
  • Lawn

About This Home

As of September 2022

This is a rare property with great value in land. 1.91 acres of downtown muti-family high density zoning flat land, with a turn-key 4 bed 3 bath home and a large and tall 4 car garage house on it. There is a bonus room and a full bath downstairs. Incredible opportunity for a developer or an investor, or an owner occupier to enjoy peaceful and private ranch style living in the heart of Beaumont, one of the fastest growing city in the nation. Minutes of drive to access 10 and 60 freeway. It's in a convenient location near shops, restaurants, entertainments, recreations, services... The owners are motivated to sell.

Last Agent to Sell the Property

Rachel Mai

Realty Masters & Associates License #01729622 Listed on: 04/15/2022

Realty Masters & Associates

Last Buyer's Agent

Adrian Gonzalez

FELIX REAL ESTATE License #01397537

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,002

Year Built

  • Built in 1979

Lot Details

  • 1.91 Acre Lot
  • Level Lot
  • Lawn
  • Property is zoned CP

Parking

  • 4 Car Garage
  • Parking Available
  • Workshop in Garage
  • Circular Driveway

Property Views

  • Woods
  • Mountain
  • Neighborhood

Interior Spaces

  • 4 Bedrooms
  • 1,536 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Pool

  • In Ground Pool
  • Pool Cover

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected

Additional Features

  • More Than Two Accessible Exits
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 3 / 3
  • Assessor Parcel Number 419222012
  • $62 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,002

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 798500
  • Property Attached: No
  • View: Yes
  • Zoning: CP
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 419222012
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 490.01
  • Room Type: Bonus Room, Living Room

Exterior Features

  • View: Mountain(s), Neighborhood, Trees/Woods
  • Pool Features: Private, In Ground, Pool Cover
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Circular Driveway, Garage, Workshop in Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot Over 40000 Sqft, Level
  • Lot Size Sq Ft: 83200.00
  • Lot Size Acres: 1.9100

Multi Family

  • Gross Income: 24600.00
  • Gross Scheduled Income: 24600.00
  • Insurance Expense: 500.00
  • Lot Size Area: 83200.0000 Square Feet
  • Net Operating Income: 5559.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 5059.00
  • Other Expense: 5059.00
  • Other Expense Description: taxes
  • Rent Control: Yes
  • Total Expenses: 5559.00

Tax Info

  • New Taxes Expense: 5059.00
  • Tax Block: 3
  • Tax Census Tract: 438.21
  • Tax Lot: 3
  • Tax Tract Number: 00000
  • TaxOtherAnnualAssessmentAmount: 62.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2021
Sold by
Loh Teck Ching
Bought by
Loh Teck Ching and Mai Jiqiu
Current Estimated Value
$725,881

Purchase Details

Listed on
Jun 14, 2019
Closed on
Sep 13, 2019
Sold by
Mai Jiqiu
Bought by
Loh Teck Ching
Seller's Agent
Susie Southern
TITAN REAL ESTATE GROUP
Buyer's Agent
Rachel Mai
Realty Masters & Associates
List Price
$389,000
Sold Price
$372,000
Premium/Discount to List
-$17,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%
Original Mortgage
$279,000
Outstanding Balance
$244,382
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$481,499

Purchase Details

Listed on
Jun 14, 2019
Closed on
Aug 4, 2019
Sold by
Myung Don Young and Myung Oh Ju
Bought by
Loh Teck Ching
Seller's Agent
Susie Southern
TITAN REAL ESTATE GROUP
Buyer's Agent
Rachel Mai
Realty Masters & Associates
List Price
$389,000
Sold Price
$372,000
Premium/Discount to List
-$17,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Outstanding Balance
$244,382
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$481,499

Purchase Details

Closed on
Feb 22, 2017
Sold by
Myung Don Young and Myung Oh Ju
Bought by
Myung Don Young and Myung Oh Ju

Purchase Details

Listed on
Oct 30, 2014
Closed on
Oct 14, 2014
Sold by
Luckett Natasha R
Bought by
Myung Don Young and Myung Oh Ju
Seller's Agent
Debbie Quan
TEAM Q REALTY
Buyer's Agent
Judy Robison
Strawberry Fields R.E., Inc
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$180,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2006
Sold by
Glock Regina
Bought by
Glock William Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,004
Interest Rate
6.57%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 8, 2005
Sold by
Glock William Arthur
Bought by
Glock William Arthur

Purchase Details

Closed on
Apr 6, 2005
Sold by
Glock Regina
Bought by
Glock Regina

Purchase Details

Closed on
Nov 5, 2002
Sold by
Glock William Arthur and Glock Regina
Bought by
Glock William Arthur and Glock Regina
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Loh Teck Ching -- None Available
Loh Teck Ching -- Chicago Title Inland Empire
Loh Teck Ching $372,000 Chicago Title Inland Empire
Myung Don Young -- None Available
Myung Don Young $250,000 First American Title Company
Glock William Arthur -- First American Title Company
Glock William Arthur -- --
Glock Regina -- --
Glock William Arthur -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loh Teck Ching $279,000
Previous Owner Myung Don Young $180,000
Previous Owner Glock William Arthur $194,004
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Sold $752,655 -5.7% $490 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $798,500 +3.9% $520 / Sq Ft
08/03/2022 08/03/22 Price Changed $768,500 -3.9% $500 / Sq Ft
07/18/2022 07/18/22 Price Changed $799,800 -11.1% $521 / Sq Ft
05/10/2022 05/10/22 Price Changed $899,700 -8.1% $586 / Sq Ft
04/15/2022 04/15/22 For Sale $978,500 0.0% $637 / Sq Ft
03/13/2020 03/13/20 Rented $2,025 +2.5% --
03/09/2020 03/09/20 Under Contract -- -- --
02/18/2020 02/18/20 For Rent $1,975 0.0% --
09/27/2019 09/27/19 Sold $372,000 -4.4% $242 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $389,000 +55.6% $253 / Sq Ft
12/01/2014 12/01/14 Sold $250,000 0.0% $163 / Sq Ft
10/30/2014 10/30/14 For Sale $250,000 0.0% $163 / Sq Ft
08/24/2014 08/24/14 Pending -- -- --
08/13/2014 08/13/14 Pending -- -- --
08/06/2014 08/06/14 Price Changed $250,000 -7.1% $163 / Sq Ft
06/10/2014 06/10/14 Price Changed $269,000 -10.0% $175 / Sq Ft
05/10/2014 05/10/14 Price Changed $299,000 -8.0% $195 / Sq Ft
02/07/2014 02/07/14 For Sale $325,000 -- $212 / 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 $11,002 $783,062 $135,252 $647,810
2023 $11,002 $752,655 $130,000 $622,655
2022 $6,002 $383,369 $77,292 $306,077
2021 $5,059 $375,853 $75,777 $300,076
2020 $5,008 $372,000 $75,000 $297,000
2019 $3,563 $269,344 $107,738 $161,606
2018 $3,548 $264,064 $105,626 $158,438
2017 $3,586 $258,887 $103,555 $155,332
2016 $3,492 $253,812 $101,525 $152,287
2015 $3,434 $250,000 $100,000 $150,000
2014 $3,318 $94,548 $19,895 $74,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22071635

California Regional Multiple Listing Service (CRMLS)

APN: 419-222-012