$174,000
SOLD MAR 15, 2013

146 S Thompson St Hemet, CA 92543

Weston Park Neighborhood
3 Beds
3 Baths
2,187 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$80 Per Sq Ft

13% Below List Price

67 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Evaporated cooling system
  • Carpet
  • No HOA
  • Laundry Room
  • 2-minute walk to Weston Park

About This Home

As of March 2013

Positive cash flow with this income property. No competition on the street and has great rental history. The exterior was painted two weeks ago and the swamp coolers on the roof will be replaced before close of escrow. The units are one bedroom and one bath. The property offers offstreet parking at the rear of the property plus additional storage bins. Each unit features indoor laundry which is a big plus when renting the units. This has been a great property with great cash flow.

Last Agent to Sell the Property

Josh Shearer

Temecula Homes and Land License #01900973 Listed on: 11/25/2012

Last Buyer's Agent

Virginia Merrick

NON-MEMBER/NBA or BTERM OFFICE License #01186503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,501

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Fence is in fair condition
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,187 Sq Ft Home
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Utilities

  • Evaporated cooling system
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 10 / 38
  • Assessor Parcel Number 443293009

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Water Sewer Expense $2,400
  • New Taxes Expense $1,583
  • Gross Income $1,950
  • Net Operating Income $18,717

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,501

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: 951-966-4730
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: r3
  • Property Type: Residential Income
  • Parcel Number: 443293009
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 79.56
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 1950.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 700.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 18717.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 4683.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1583.00
  • Tax Block: 38
  • Tax Lot: 10
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2012
Closed on
Mar 14, 2013
Sold by
Awad Farouk A
Bought by
Farouk & Thana Awad 201I Family Trust
Seller's Agent
Josh Shearer
Temecula Homes and Land
Buyer's Agent
Virginia Merrick
NON-MEMBER/NBA or BTERM OFFICE
List Price
$199,900
Sold Price
$174,000
Premium/Discount to List
-$25,900
-12.96%
Current Estimated Value
$532,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,794
Avg. Annual Appreciation
9.40%
Original Mortgage
$130,500
Outstanding Balance
$92,365
Interest Rate
3.53%
Mortgage Type
Commercial
Estimated Equity
$440,429

Purchase Details

Listed on
Nov 25, 2012
Closed on
Mar 8, 2013
Sold by
Awad Thana H
Bought by
Awad Farouk A
Seller's Agent
Josh Shearer
Temecula Homes and Land
Buyer's Agent
Virginia Merrick
NON-MEMBER/NBA or BTERM OFFICE
List Price
$199,900
Sold Price
$174,000
Premium/Discount to List
-$25,900
-12.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Outstanding Balance
$92,365
Interest Rate
3.53%
Mortgage Type
Commercial
Estimated Equity
$440,429

Purchase Details

Listed on
Nov 25, 2012
Closed on
Feb 28, 2013
Sold by
Shearer Joshua D and Shearer Crystal A
Bought by
Awad Farouk Abdulhadi
Seller's Agent
Josh Shearer
Temecula Homes and Land
Buyer's Agent
Virginia Merrick
NON-MEMBER/NBA or BTERM OFFICE
List Price
$199,900
Sold Price
$174,000
Premium/Discount to List
-$25,900
-12.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Outstanding Balance
$92,365
Interest Rate
3.53%
Mortgage Type
Commercial
Estimated Equity
$440,429

Purchase Details

Closed on
Feb 10, 2009
Sold by
Residential Funding Company Llc
Bought by
Shearer Joshua D and Shearer Crystal A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,250
Interest Rate
5.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2008
Sold by
Kopaczewski John D
Bought by
Residential Funding Co Llc

Purchase Details

Closed on
Apr 20, 2006
Sold by
Kopaczewski Noreen
Bought by
Kopaczewski John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,920
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2006
Sold by
3T Properties Llc
Bought by
Kopaczewski John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,920
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2004
Sold by
Doering Terry and Espie Graham
Bought by
3T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,500
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2003
Sold by
3 T Properties Llc
Bought by
Doering Terry and Doering Chona S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2003
Sold by
Walker Dorothy L
Bought by
3 T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,600
Interest Rate
5.97%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title
Grant Deed $174,000 Ticor Title
Grant Deed $125,000 First American Title Company
Trustee Deed $288,000 None Available
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $430,000 Chicago Title Company
Grant Deed $300,000 Chicago Title
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- Chicago Title
Grant Deed $300,000 Chicago Title Co
Grant Deed $150,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $130,500 Commercial
Previous Owner $92,250 Commercial
Previous Owner $343,920 Purchase Money Mortgage
Previous Owner $257,500 Commercial
Previous Owner $225,000 Commercial
Previous Owner $41,600 Commercial
Previous Owner $176,600 Commercial
Closed $93,184 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2013 10/04/13 Rented $700 0.0% --
10/04/2013 10/04/13 Under Contract -- -- --
05/09/2013 05/09/13 For Rent $700 0.0% --
03/15/2013 03/15/13 Sold $174,000 -13.0% $80 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
11/25/2012 11/25/12 For Sale $199,900 -- $91 / 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 $2,501 $214,253 $61,563 $152,690
2023 $2,501 $205,935 $59,173 $146,762
2022 $2,427 $201,898 $58,013 $143,885
2021 $2,388 $197,940 $56,876 $141,064
2020 $2,375 $195,911 $56,293 $139,618
2019 $2,326 $192,071 $55,190 $136,881
2018 $2,257 $188,306 $54,109 $134,197
2017 $2,231 $184,615 $53,049 $131,566
2016 $2,215 $180,996 $52,009 $128,987
2015 $2,196 $178,279 $51,229 $127,050
2014 $2,101 $174,789 $50,227 $124,562
Source: Public Records

Agents Affiliated with this Home

  • Grant Brubaker

    Seller's Agent in 2013

    Grant Brubaker

    Authority Real Estate

    (951) 654-7200

    1 in this area

    18 Total Sales

    Grant Brubaker
    Section Image

  • J

    Seller's Agent in 2013

    Josh Shearer

    Temecula Homes and Land

  • V

    Buyer's Agent in 2013

    Virginia Merrick

    NON-MEMBER/NBA or BTERM OFFICE

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW12143902

California Regional Multiple Listing Service (CRMLS)

APN: 443-293-009

California Riverside County Hemet 92543 Weston Park

146 S Thompson St, Hemet, CA

This home is located at 146 S Thompson St, Hemet, CA 92543 and is currently priced at $174,000, approximately $79 per square foot. This property was built in 1960. 146 S Thompson St is a home located in Riverside County with nearby schools including Jacob Wiens 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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