NOT LISTED FOR SALE

137 E Peck St Lake Elsinore, CA 92530

Lake Elsinore Historic District Neighborhood

Estimated Value: $584,000 - $1,023,000

2 Beds
4 Baths
1,800 Sq Ft
$395/Sq Ft Est. Value

Sale Details

Date Sold: February 27, 2012

Last sale price $140,000 $78 Per Sq Ft

Est. 408% increase in value since last sale

Current estimated payment $4,124 / mo

175 Days on Market

About This Home

As of February 2012

Have four units, 2 studios and 2 1 bedroom units

Last Agent to Sell the Property

Barbara Harrison

J-Mar Realty-Grand Ave License #00917202 Listed on: 03/28/2011

Last Buyer's Agent

Jarrod Whitehorn

Jarrod Whitehorn, Broker License #01480456

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,951 Sq Ft Lot

Home Design

  • 1,800 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 4
  • Assessor Parcel Number 373023009

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Sauna

Building Details

  • 3 Leased Units
  • Electric Expense $2,000
  • Insurance Expense $600
  • Maintenance Expense $1,440
  • Professional Management Expense $2,800
  • Trash Expense $384
  • Water Sewer Expense $2,160
  • New Taxes Expense $1,800
  • Gross Income $2,400
  • Net Operating Income $10,856

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

6,951 Sq Ft Lot

Listing Details

  • Professional Management Expense: 2800.00
  • Water Sewer Expenses: 2160.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 373023009
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 77.78

Utilities

  • Trash Expense: 384.00

Condo/Co-op/Association

  • Amenities: Sauna
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6951.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average1 Bed Area: 500
  • Average Studio Area: 400
  • Electric Expense: 2000.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6951.0000 Square Feet
  • Maintenance Expense: 1440.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 10856.00
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 12184.00
  • Rent Control: No
  • Total Actual Rent: 1750.00
  • Vacancy Allowance Rate: 20.00

Tax Info

  • New Taxes Expense: 1800.00
  • Tax Lot: 4
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2017
Sold by
Leitchnitz Leonard
Bought by
Santiago Alexander N and Santiago Maria Elena
Current Estimated Value
$711,684

Purchase Details

Listed on
Mar 28, 2011
Closed on
Feb 6, 2012
Sold by
Perrone Michael A
Bought by
Leichnitz Leonard
Seller's Agent
Barbara Harrison
J-Mar Realty-Grand Ave
Buyer's Agent
Jarrod Whitehorn
Jarrod Whitehorn, Broker
List Price
$178,900
Sold Price
$140,000
Premium/Discount to List
-$38,900
-21.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%

Purchase Details

Closed on
Nov 21, 2002
Sold by
Bylthe Family Trust
Bought by
Perrone Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2002
Sold by
Blythe Family Trust
Bought by
Saxton David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 30, 2001
Sold by
Saxton Mel D and Saxton Joan
Bought by
Saxton David J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Santiago Alexander N $370,000 First American Title Company
Leichnitz Leonard $140,000 Stewart Title Of Ca Fnt Sb
Perrone Michael A $120,000 North American Title Co
Saxton David J -- --
Blythe Family Trust -- --
Saxton David J -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perrone Michael A $96,000
Previous Owner Blythe Family Trust $50,000
Closed Perrone Michael A $12,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2012 02/27/12 Sold $140,000 -21.7% $78 / Sq Ft
09/19/2011 09/19/11 Pending -- -- --
03/28/2011 03/28/11 For Sale $178,900 -- $99 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,527 $420,990 $91,023 $329,967
2023 $4,527 $404,645 $87,490 $317,155
2022 $4,389 $396,712 $85,775 $310,937
2021 $4,308 $388,935 $84,094 $304,841
2020 $4,266 $384,948 $83,232 $301,716
2019 $4,188 $377,400 $81,600 $295,800
2018 $4,112 $370,000 $80,000 $290,000
2017 $1,849 $151,512 $43,288 $108,224
2016 $1,790 $148,542 $42,440 $106,102
2015 $1,775 $146,312 $41,803 $104,509
2014 $1,722 $143,448 $40,985 $102,463
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Barbara Harrison

    J-Mar Realty-Grand Ave

    Section Image

  • J

    Buyer's Agent in 2012

    Jarrod Whitehorn

    Jarrod Whitehorn, Broker

    (951) 378-4996

    4 in this area

    177 Total Sales

    Jarrod Whitehorn
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: T11038866

California Regional Multiple Listing Service (CRMLS)

APN: 373-023-009

California Riverside County Lake Elsinore 92530 Lake Elsinore Historic District

137 E Peck St, Lake Elsinore, CA

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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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