NOT LISTED FOR SALE

Estimated Value: $529,000 - $692,000

3 Beds
1 Bath
2,124 Sq Ft
$278/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $264,000 $124 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $3,520/month

83 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Laundry Room
  • Mountain View
  • No HOA
  • 1-minute walk to Machado Park

About This Home

As of April 2015

A must see one story 2 units in a good location at Lake Elsinore that includes: 1ST unit 3 bedrooms 1 bath, 2ND unit is 2 bedrooms 1 bath; each unit has a 1 car garage. Each unit has inside laundry access.. Both units have a rear yard. Units are across the street to a school and Machado City park. Walking distance to stores and the lake.

Last Agent to Sell the Property

Martin Cueva

Advance Realty License #01103656 Listed on: 12/18/2014

Last Buyer's Agent

Martin Cueva

Advance Realty License #01103656 Listed on: 12/18/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,723

Year Built

  • Built in 1976

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Back and Front Yard

Parking

  • 2 Car Garage

Property Views

  • Mountain
  • Hills

Home Design

  • 2,124 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Interior Block Wall
  • Composition Roof

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 15226
  • Assessor Parcel Number 379370007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $20
  • Water Sewer Expense $1,560
  • New Taxes Expense $2,097
  • Gross Income $2,050
  • Net Operating Income $24,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,723

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1560.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 379370007
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Block Walls
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Levels: One
  • Price Per Square Foot: 124.29
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Hills, Mountain(s)
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Trash Expense: 20.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 2050.00
  • Gross Scheduled Income: 24600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 24600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 2050.00

Tax Info

  • New Taxes Expense: 2097.00
  • Tax Lot: 7
  • Tax Tract Number: 15226
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2019
Sold by
Montes Luis F
Bought by
Montes Family Trust
Current Estimated Value
$590,156

Purchase Details

Listed on
Dec 18, 2014
Closed on
Apr 20, 2015
Sold by
Montes Laura
Bought by
Montes Luis
Seller's Agent
Martin Cueva
Advance Realty
Buyer's Agent
Martin Cueva
Advance Realty
List Price
$286,900
Sold Price
$264,000
Premium/Discount to List
-$22,900
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%
Original Mortgage
$184,800
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 18, 2014
Closed on
Mar 12, 2015
Sold by
Ramirez Eugenio
Bought by
Montes Luis
Seller's Agent
Martin Cueva
Advance Realty
Buyer's Agent
Martin Cueva
Advance Realty
List Price
$286,900
Sold Price
$264,000
Premium/Discount to List
-$22,900
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,800
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2009
Sold by
Ponce Mara
Bought by
Ramirez Eugenio

Purchase Details

Closed on
Apr 7, 2009
Sold by
Us Bank National Association
Bought by
Ramirez Eugenio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,916
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 2008
Sold by
Radice Patricia J
Bought by
Cologne Patricia Radice and Moore Sharon Radice

Purchase Details

Closed on
Apr 1, 2008
Sold by
Morales Araceli
Bought by
U S Bank Na

Purchase Details

Closed on
Mar 1, 2006
Sold by
Morales Jesus
Bought by
Morales Araceli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 7, 2006
Sold by
Ochoa Mario and Ochoa Maria M
Bought by
Morales Araceli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 7, 2005
Sold by
Garcia Manuel and Garcia Dolores
Bought by
Kabira Charles M and Muya Lucy N

Purchase Details

Closed on
Nov 15, 2004
Sold by
Ochoa Mario
Bought by
Ochoa Mario and Ochoa Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,307
Interest Rate
5.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 2000
Sold by
Antimo Maria M
Bought by
Ochoa Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2000
Sold by
Integrity Enterprises Inc and Georgian
Bought by
Ochoa Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.98%
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 Buyer Sale Price Title Company
Montes Family Trust -- None Available
Montes Luis -- Ticor Title Insurance
Montes Luis $264,000 Ticor Title Company
Ramirez Eugenio -- Commonwealth Land Title Co
Ramirez Eugenio $161,000 Lawyers Title
Cologne Patricia Radice -- None Available
U S Bank Na $266,250 None Available
Morales Araceli -- Fidelity National Title Co
Morales Araceli $390,000 Fidelity National Title Co
Ochoa Ricardo -- Fidelity National Title Co
Ochoa Mario -- Fidelity National Title Co
Kabira Charles M $17,000 --
Ochoa Mario -- Commerce Title
Ochoa Mario -- Stewart Title
Ochoa Mario $110,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montes Luis $184,800
Previous Owner Ramirez Eugenio $157,916
Previous Owner Morales Araceli $312,000
Previous Owner Ochoa Mario $107,307
Previous Owner Ochoa Mario $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2015 04/23/15 Sold $264,000 -8.0% $124 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
12/18/2014 12/18/14 For Sale $286,900 -- $135 / 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 $3,723 $317,279 $66,097 $251,182
2023 $3,723 $304,960 $63,531 $241,429
2022 $3,598 $298,982 $62,286 $236,696
2021 $3,503 $293,120 $61,065 $232,055
2020 $3,463 $290,115 $60,439 $229,676
2019 $3,396 $284,427 $59,254 $225,173
2018 $3,326 $278,851 $58,093 $220,758
2017 $3,271 $273,384 $56,954 $216,430
2016 $3,123 $268,025 $55,838 $212,187
2015 $2,157 $172,805 $32,217 $140,588
2014 -- $169,422 $31,587 $137,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14260505

California Regional Multiple Listing Service (CRMLS)

APN: 379-370-007