NOT LISTED FOR SALE

1985 Mayflower Place Hemet, CA 92544

Estimated Value: $504,000 - $754,000

4 Beds
3 Baths
2,582 Sq Ft
$236/Sq Ft Est. Value

Last Sold October 17, 2017

Last sale price $330,000 $128 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,584/month

51 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Up Slope from Street
  • Property is near public transit
  • Cul-De-Sac
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2017

BACK ON MARKET SEPTEMBER 17, 2017....4-plex that is centrally located with easy access to Florida Avenue, which is a main artery through Hemet. Public transportation, shopping, etc. all close. This property is set up with a 2 bedroom facing the street, and three side-by-side 1 bedrooms behind the front unit. There is a carport and each unit is allowed 1 space. All units are single story. Seller has painted the exterior and the carport. There are separate gas and electric meters for each unit, as well as wall heater, water heater and laundry hookups. Great cash flow and longevity of renters. Located at the end of the block and the street is not a through street.

Last Agent to Sell the Property

Diane West

Carmichael West Realty License #00907483 Listed on: 08/01/2017

Last Buyer's Agent

Diane West

Carmichael West Realty License #00907483 Listed on: 08/01/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 9,540 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • No Landscaping
  • Paved or Partially Paved Lot
  • Corners Of The Lot Have Been Marked
  • Irregular Lot
  • Back and Front Yard

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,582 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Up Slope from Street
  • Shared Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 9
  • Tax Tract Number 3298
  • Assessor Parcel Number 445202009

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,800
  • Trash Expense $3,000
  • Water Sewer Expense $2,640
  • New Taxes Expense $3,708
  • Operating Expense $5,640
  • Net Operating Income $30,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

9,540 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Inclusions: freestanding stoves, window air conditioning units, wall heaters, water heaters, laundry hookups in each unit
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 2640.00
  • Zoning: R3
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 445202009
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Concrete
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 127.81

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Shared Driveway, Asphalt
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corners Marked, Cul-De-Sac, Front Yard, Irregular Lot, Near Public Transit, No Landscaping, Paved, Up Slope from Street
  • Lot Size Sq Ft: 9540.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Scheduled Income: 36300.00
  • Insurance Expense: 2800.00
  • Net Operating Income: 30660.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 5640.00
  • Rent Control: No
  • Total Actual Rent: 3025.00
  • Total Expenses: 5640.00

Tax Info

  • New Taxes Expense: 3708.00
  • Tax Census Tract: 433.09
  • Tax Lot: 9
  • Tax Tract Number: 3298

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2017
Closed on
Sep 27, 2017
Sold by
Marcel Circe B
Bought by
Marcel Brian
Seller's Agent
Diane West
Carmichael West Realty
Buyer's Agent
Diane West
Carmichael West Realty
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%
Current Estimated Value
$609,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,029
Avg. Annual Appreciation
7.56%

Purchase Details

Listed on
Nov 6, 2015
Closed on
Dec 10, 2015
Sold by
Peralta Leonardo and Peralta Carmen M
Bought by
Garcia Maria R
Seller's Agent
PABLO PINEDA
HOME REALTY CENTER
Buyer's Agent
Carlos Soriano
LATIN AMERICAN REAL ESTATE
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.79%
Original Mortgage
$270,019
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 1, 2013
Closed on
Aug 21, 2013
Sold by
Orly Holdings Llc
Bought by
Peralta Leonardo and Peralta Carmen M
Seller's Agent
Grant Brubaker
Authority Real Estate
Buyer's Agent
Grant Brubaker
Authority Real Estate
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.62%
Original Mortgage
$153,750
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2010
Sold by
Chen Liefu
Bought by
Orly Holdings Llc

Purchase Details

Closed on
Apr 27, 2010
Sold by
Chen Ruirong
Bought by
Chen Liefu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
4.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Chen Liefu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
4.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2010
Sold by
Gooss Larry R and Gooss Susan D
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Apr 25, 2005
Sold by
Gooss Larry G and Gooss Susan D
Bought by
Gooss Larry R and Gooss Susan D

Purchase Details

Closed on
Sep 12, 2003
Sold by
Smith Donald Floyd and Smith Alice Marie
Bought by
Gooss Larry R and Gooss Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,900
Interest Rate
6.22%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Marcel Brian -- First American Title
Mareel Brian $330,000 First American Title
Garcia Maria R -- First American Title
Garcia Maria R $275,000 Lawyers Title Ie
Peralta Leonardo $205,000 First American Title
Orly Holdings Llc $165,000 Fnt Ie
Chen Liefu -- Lsi Title Agency
Chen Liefu $125,000 Lsi Title Agency
Deutsche Bank National Trust Company $161,363 Fidelity Natl Title Ins Co
Gooss Larry R -- --
Gooss Larry R $300,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Maria R $270,019
Previous Owner Peralta Leonardo $153,750
Previous Owner Chen Liefu $93,750
Previous Owner Gooss Larry R $239,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2017 10/17/17 Sold $330,000 +1.5% $128 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/17/2017 09/17/17 For Sale $325,000 0.0% $126 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $325,000 +18.2% $126 / Sq Ft
01/08/2016 01/08/16 Sold $275,000 0.0% $107 / Sq Ft View Prior Sale
12/01/2015 12/01/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $275,000 +34.1% $107 / Sq Ft
09/19/2013 09/19/13 Sold $205,000 -2.4% $82 / Sq Ft View Prior Sale
07/25/2013 07/25/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $210,000 -- $84 / 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 $4,984 $375,478 $96,714 $278,764
2023 $4,984 $360,900 $92,959 $267,941
2022 $4,182 $353,825 $91,137 $262,688
2021 $4,114 $346,888 $89,350 $257,538
2020 $4,064 $343,332 $88,434 $254,898
2019 $4,399 $336,600 $86,700 $249,900
2018 $3,850 $330,000 $85,000 $245,000
2017 $3,317 $280,500 $71,400 $209,100
2016 $2,550 $212,281 $62,130 $150,151
2015 $2,543 $209,095 $61,198 $147,897
2014 $2,431 $205,000 $60,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG17171630

California Regional Multiple Listing Service (CRMLS)

APN: 445-202-009

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