$375,000
SOLD FEB 28, 2014
6 Beds
5 Baths
3,300 Sq Ft
43,560 Acres

Recently Sold

$114 Per Sq Ft

6% Below List Price

145 Days on Market

Highlights

  • Parking available for a boat
  • Panoramic View
  • No HOA
  • Spa
  • 43,560 Acre Lot
  • 5-minute walk to Serenity Dog Park

About This Home

As of February 2015

Don't hesitate on this great opportunity for investor or a homeowner looking for solid income producing property. Panoramic view of valley,mountains and Lake Elsinore from the side and rear of yard of upper property. This main hilltop 2br/2ba Manufactured home with 1440 sq.ft. of living space featuring tile flooring throughout most of home. Spacious living, dining & kitchen. Studio unit Approx. 600 sq.ft. above 2 car garage has covered carport. Garage has extra room between it & carport perfect for office or storage. Separate Storage or Tool Shed with remote door. 3rd unit nestled on the front of property is a 3br/2ba Manufactured home with 1344 sq.ft. of space. Covered patio with nice back yard space. A little over one acre on this property so, plenty of extra land to park all your toys.

Last Agent to Sell the Property

Willie Buchanon

Buchanon & Associates License #00933572 Listed on: 10/02/2013

Last Buyer's Agent

Sonia Segura

First Team Real Estate License #01254325

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 43,560 Acre Lot
  • Lot Dimensions are 165 x 265
  • No Common Walls
  • Partially Fenced Property
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 1 Attached Carport Space
  • Parking Storage or Cabinetry
  • Parking Available
  • Single Garage Door
  • Garage Door Opener
  • Shared Driveway
  • Parking available for a boat
  • RV Potential

Property Views

  • Lake
  • Panoramic
  • Mountain
  • Hills

Home Design

  • Cosmetic Repairs Needed
  • Composition Roof

Interior Spaces

  • 3,300 Sq Ft Home
  • Fireplace

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Spa
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 008
  • Assessor Parcel Number 370320008

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 3 Units
  • Built by Baron
  • Madison
  • Foothills
  • Mountainous Community
  • Valley

Recreation

  • Horse Trails

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $528
  • Trash Expense $428
  • Water Sewer Expense $844
  • New Taxes Expense $700
  • Gross Income $4,200
  • Net Operating Income $26,402

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 125000
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 844.00
  • Zoning: R-R
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 370320008
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 113.64

Exterior Features

  • Other Structures: Shed(s)
  • View: Hills, Lake, Mountain(s), Panoramic
  • Fencing: Partial
  • Builder Name: Baron
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Unknown

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Boat, Built-In Storage, Attached Carport, Shared Driveway, Asphalt, Garage, Garage - Single Door, Garage Door Opener, RV Potential
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 428.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Horse Trails, Mountainous, Valley

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 165 X 265
  • Lot Size Sq Ft: 1897473600.00
  • Lot Size Acres: 43560.0000

Multi Family

  • Average Studio Area: 600
  • Gross Income: 4200.00
  • Gross Scheduled Income: 42000.00
  • Gross Spendable Income: 26240.00
  • Insurance Expense: 528.00
  • Lot Size Area: 43560.0000 Acres
  • Net Operating Income: 26402.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Carpet: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14500.00
  • Rent Control: No
  • Total Actual Rent: 2150.00
  • Vacancy Allowance: 1260
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 700.00
  • Tax Area: 25069
  • Tax Block: 000
  • Tax Lot: 008
  • Tax Tract Number: 000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Rented $3,500 0.0% --
05/03/2021 05/03/21 Off Market $3,500 -- --
04/20/2021 04/20/21 For Rent $3,500 +95.0% --
12/30/2017 12/30/17 Rented $1,795 0.0% --
11/17/2017 11/17/17 For Rent $1,795 +21.7% --
02/23/2016 02/23/16 Rented $1,475 -4.8% --
02/09/2016 02/09/16 For Rent $1,550 +63.2% --
11/07/2015 11/07/15 Rented $950 0.0% --
10/23/2015 10/23/15 Price Changed $950 +29.3% $1 / Sq Ft
10/22/2015 10/22/15 For Rent $735 0.0% --
02/27/2015 02/27/15 Sold $315,750 -4.3% $113 / Sq Ft
01/15/2015 01/15/15 For Sale $330,000 +4.5% $119 / Sq Ft
01/13/2015 01/13/15 Off Market $315,750 -- --
01/13/2015 01/13/15 Pending -- -- --
01/08/2015 01/08/15 For Sale $330,000 -12.0% $119 / Sq Ft
02/28/2014 02/28/14 Sold $375,000 -6.2% $114 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
10/02/2013 10/02/13 For Sale $399,900 -- $121 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13202220

California Regional Multiple Listing Service (CRMLS)