NOT LISTED FOR SALE

1480 Calhoun Ct Hemet, CA 92544

Estimated Value: $524,000 - $918,000

6 Beds
4 Baths
3,563 Sq Ft
$185/Sq Ft Est. Value

Last Sold August 18, 2014

Last sale price $270,000 $76 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $3,872/month

97 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Tile Flooring
  • Central Heating

About This Home

As of August 2014

Regular Sales, lowest price of $70 per SF in good area of Hemet, Nice triplex with 3,563 SF living space in lot over 12,000 SF, all units are 2 bedrooms, easy to rent out, rental income of $2,400 per month; the rent pays off the mortgage by itself. It was sold in June 2006 for $530,000;

Excellence floor plan in all units, #1480 is 1470 SF., lovely detached house with 2 bedrooms and 2 baths and the 360 SF enclosed patio (with City permit), very spacious unit and just totally renovated in Feb 2014, nice gravel landscaping in front yard, tenant occupied, rent is $900; #1482 is 930 SF, 2 bedrooms and 1 bath, tenant occupied, rent is $750; #1484 is 930 SF, 2 bedrooms and 1 bath, vacant, new interior paint, it was rented for $750; Storage room attached to end of right-hand building is 233 SF and vacant; Detached 3-cars garage with individual doors for each unit, carpool is 405 SF and attaching to garage (with City permit); Current tenants are friendly and pay rent on time, property is managed by a professional company, a must see property to truly appreciate. price to sell fast, it won't last!! Information provided above seems to be valid but no guarantee, buyer and buyer's agent has the obligation to verity with City and County.

Last Agent to Sell the Property

Jianjuan Yu

Thousands Realty & Management License #01873384 Listed on: 03/25/2014

Last Buyer's Agent

Jorge Inzunza

Century 21 Affiliated License #01342370

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 1973

Lot Details

  • 0.28 Acre Lot
  • 1 Common Wall
  • Block Wall Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,563 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 142
  • Assessor Parcel Number 445191019

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $852
  • Trash Expense $703
  • Water Sewer Expense $1,260
  • New Taxes Expense $2,064
  • Gross Income $2,400
  • Net Operating Income $23,921

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,226

Year Built

Built in 1973

Lot Details

0

Parking

3

Listing Details

  • Ad Number: 6268171188
  • CapRate: 9.50
  • Other Phone Description: 6268171188
  • Other Phone Number: 6268171188
  • Property Attached: Yes
  • Water Sewer Expenses: 1260.00
  • Property Type: Residential Income
  • Parcel Number: 445191019
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Fireplace Features: Master Bedroom
  • Levels: One
  • Price Per Square Foot: 75.78

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Sewer Paid
  • Trash Expense: 703.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Multi Family

  • Average2 Bed Area: 750
  • Average3 Bed Area: 900
  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 852.00
  • Lot Size Area: 12197.0000 Square Feet
  • Net Operating Income: 23921.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 4879.00
  • Rent Control: No
  • Total Actual Rent: 1650.00

Tax Info

  • New Taxes Expense: 2064.00
  • Tax Lot: 2
  • Tax Tract Number: 142
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Aug 13, 2014
Sold by
Chavez Cecilia
Bought by
Arcasi Paulo C
Seller's Agent
Jianjuan Yu
Thousands Realty & Management
Buyer's Agent
Jorge Inzunza
Century 21 Affiliated
List Price
$249,500
Sold Price
$270,000
Premium/Discount to List
$20,500
8.22%
Current Estimated Value
$660,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,737
Avg. Annual Appreciation
7.73%
Original Mortgage
$265,109
Interest Rate
4.11%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 13, 2014
Closed on
Jan 29, 2014
Sold by
Wu Ying Na
Bought by
Yu Jianjuan
Seller's Agent
Jennifer Puglisi
RE/MAX CHAMPIONS
Buyer's Agent
ERIKA AMIS
EXP REALTY OF CALIFORNIA INC
List Price
$190,000
Sold Price
$172,000
Premium/Discount to List
-$18,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
134.15%

Purchase Details

Listed on
Jan 13, 2014
Closed on
Dec 16, 2013
Sold by
Martinez Juana P
Bought by
Yu Jianjuan
Seller's Agent
Jennifer Puglisi
RE/MAX CHAMPIONS
Buyer's Agent
ERIKA AMIS
EXP REALTY OF CALIFORNIA INC
List Price
$190,000
Sold Price
$172,000
Premium/Discount to List
-$18,000
-9.47%

Purchase Details

Closed on
Jul 17, 2006
Sold by
Lepe Jose Resugio
Bought by
Martinez Juana P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2006
Sold by
Bennett Zorina
Bought by
Martinez Juana P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2004
Sold by
Bennett Zorina
Bought by
Bennett Zorina

Purchase Details

Closed on
Jun 20, 2003
Sold by
United Trust Deed Inc
Bought by
Bennett Zorina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,500
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2000
Sold by
Vargo Joseph M and Vargo Joan S
Bought by
United Trust Deed Inc Money Purchase Pen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,750
Interest Rate
8.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 1999
Sold by
Foley Scott R and Lanning Stephan P
Bought by
United Trust Deed Inc Money Purchase Pen

Purchase Details

Closed on
Sep 30, 1997
Sold by
Wengert Roy F and Wengert Margaret Margaret
Bought by
Foley Scott R and Lanning Stephan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,675
Interest Rate
11.49%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Arcasi Paulo C -- Pacific Coast Title Company
Arcasi Paulo C $270,000 Pacific Coast Title Company
Yu Jianjuan -- None Available
Yu Jianjuan $172,000 None Available
Martinez Juana P -- Chicago Title Company
Martinez Juana P $530,000 Chicago Title Company
Bennett Zorina -- --
Bennett Zorina $318,500 Stewart Title Company
United Trust Deed Inc Money Purchase Pen -- --
Vargo Joseph M -- Commonwealth Land Title Co
United Trust Deed Inc Money Purchase Pen $11,310 North American Title Co
Foley Scott R $157,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arcasi Paulo C $41,409
Open Arcasi Paulo C $264,864
Closed Arcasi Paulo C $265,109
Previous Owner Martinez Juana P $318,000
Previous Owner Bennett Zorina $222,500
Previous Owner Vargo Joseph M $135,750
Previous Owner Foley Scott R $117,675
Previous Owner Foley Scott A $31,380
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2014 08/18/14 Sold $270,000 +8.2% $76 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $249,500 +45.1% $70 / Sq Ft
02/07/2014 02/07/14 Sold $172,000 -9.5% $48 / Sq Ft
09/26/2013 09/26/13 For Sale $190,000 -- $53 / Sq Ft
01/18/2013 01/18/13 Pending -- -- --
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 $4,226 $311,096 $42,059 $269,037
2023 $4,226 $299,018 $40,427 $258,591
2022 $4,006 $293,156 $39,635 $253,521
2021 $3,587 $287,408 $38,858 $248,550
2020 $3,360 $284,462 $38,460 $246,002
2019 $3,219 $278,885 $37,706 $241,179
2018 $3,119 $273,417 $36,967 $236,450
2017 $3,081 $268,057 $36,243 $231,814
2016 $3,059 $262,802 $35,533 $227,269
2015 $3,036 $258,856 $35,000 $223,856
2014 $2,294 $200,000 $25,000 $175,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR14060899

California Regional Multiple Listing Service (CRMLS)

APN: 445-191-019