$230,000
SOLD SEP 18, 2015

226 N Inez St Hemet, CA 92543

2 Beds
2 Baths
2,100 Sq Ft
6,712 Sq Ft Lot

Recently Sold

$110 Per Sq Ft

5% Below List Price

109 Days on Market

About This Home

As of December 2018

A great FOURPLEX in the city of Hemet.This fourplex consist of 4 units. All 1 bedroom 1 bath with living room, kitchen, and bedroom with bathroom. They all have Tile floors throughout the units so very easy to be cleaned after each tenant. Great source of income and great way to invest. 2 units are currently rented at 550$ a month and 2 are currently rented at 600$ a month. Other 2 units can easily be raised to 600$ a month. Building has new facia going around the property. Seller is also owner of adjoining fourplex which is also for sale for the same price. Willing to sell separate or Together.

Last Agent to Sell the Property

Dario Haro-Trujillo

NON-MEMBER/NBA or BTERM OFFICE License #01958862 Listed on: 04/20/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,147

Year Built

  • Built in 1956

Lot Details

  • 6,712 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 5
  • Assessor Parcel Number 493194010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $680
  • Trash Expense $938
  • Water Sewer Expense $2,400
  • New Taxes Expense $2,601
  • Gross Income $2,300
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,147

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 493194010
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 109.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 938.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6712.00
  • Price Per Lot Square Foot: 34.27
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2300.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 680.00
  • Lot Size Area: 6712.0000 Square Feet
  • Net Operating Income: 21000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 6000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2601.00
  • Tax Lot: 10
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Morgan Daniel Truth
Bought by
226 Inez Llc
Current Estimated Value
$644,048

Purchase Details

Closed on
Feb 24, 2022
Sold by
Steven Arcasi Efrem
Bought by
Morgan Daniel Truth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,358
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 25, 2018
Closed on
Dec 17, 2018
Sold by
Ebrahim Judith Vandiver
Bought by
Arcasi Efrem Steven and Arcasi Luz Maria
Seller's Agent
Luis Stigler
STIGLER MORTGAGE
Buyer's Agent
Jorge Inzunza
Century 21 Affiliated
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$348,570
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 1, 2018
Closed on
Feb 7, 2018
Sold by
Ebrahim Judith Vandiver
Bought by
Ebrahim Judith Vandiver
Seller's Agent
Suhaila Sabir
Excellence RE Real Estate
Buyer's Agent
Luis Stigler
STIGLER MORTGAGE
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%

Purchase Details

Listed on
Jan 1, 2018
Closed on
Jan 19, 2018
Sold by
Flores Jose
Bought by
Ebrahim Judith Van Diven
Seller's Agent
Suhaila Sabir
Excellence RE Real Estate
Buyer's Agent
Luis Stigler
STIGLER MORTGAGE
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%

Purchase Details

Listed on
Mar 1, 2016
Closed on
Apr 28, 2016
Sold by
Bakhshi David
Bought by
Flores Jose
Seller's Agent
Corina Preece
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Corina Preece
EXCELLENCE RE REAL ESTATE
List Price
$295,000
Sold Price
$299,888
Premium/Discount to List
$4,888
1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$175,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 1, 2016
Closed on
Mar 31, 2016
Sold by
Flores Adriana
Bought by
Flores Jose
Seller's Agent
Corina Preece
EXCELLENCE RE REAL ESTATE
Buyer's Agent
Corina Preece
EXCELLENCE RE REAL ESTATE
List Price
$295,000
Sold Price
$299,888
Premium/Discount to List
$4,888
1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 20, 2015
Closed on
Aug 28, 2015
Sold by
Haro Figueroa Dario and Haro Dario
Bought by
Bakhshi David
Seller's Agent
Dario Haro-Trujillo
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$242,500
Sold Price
$230,000
Premium/Discount to List
-$12,500
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.41%
Original Mortgage
$130,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2013
Sold by
Haro Maria Guadalupe
Bought by
Haro Dario

Purchase Details

Closed on
Jul 11, 2013
Sold by
Wayy Brian
Bought by
Haro Dario

Purchase Details

Closed on
Feb 24, 2011
Sold by
Valdez Samuel and Valdez Christina
Bought by
Wayy Brian

Purchase Details

Closed on
Aug 18, 2005
Sold by
Valdez Samuel
Bought by
Valdez Samuel and Valdez Christina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 29, 2004
Sold by
Valdez Christina J
Bought by
Valdez Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 31, 2004
Sold by
Glessner Mary Lee
Bought by
Valdez Samuel and Valdez Christina J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 7, 2002
Sold by
Legend Investment Group Services Inc
Bought by
Glessner Mary Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2002
Sold by
Viveros Agripina
Bought by
Legend Investment Group Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 1996
Sold by
Viveros Artemio
Bought by
Viveros Agripina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
8.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 13, 1996
Sold by
Great Western Bank Fsb
Bought by
Viveros Agripina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
8.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 9, 1996
Sold by
Robinson Derrell and Robinson Deborah L
Bought by
Great Western Bank Fsb
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
Deed -- None Listed On Document
Grant Deed $470,000 Usa National Title
Grant Deed $355,000 Corinthian Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $330,000 Pacific Coast Title Company
Grant Deed $250,000 Ortc
Interfamily Deed Transfer -- Ortc
Grant Deed $230,000 Priority Title
Interfamily Deed Transfer -- North American Title Co Inc
Grant Deed $219,000 North American Title Co Inc
Grant Deed $110,000 None Available
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- North American
Grant Deed $335,000 --
Grant Deed $210,000 Multiple
Grant Deed $135,000 Chicago Title Co
Interfamily Deed Transfer -- --
Grant Deed $60,000 Fidelity Title
Trustee Deed $24,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $442,358 New Conventional
Previous Owner $348,570 FHA
Previous Owner $175,000 Commercial
Previous Owner $130,000 Commercial
Previous Owner $375,000 Negative Amortization
Previous Owner $36,000 Unknown
Previous Owner $268,000 Commercial
Previous Owner $168,000 Commercial
Previous Owner $161,000 Commercial
Previous Owner $27,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $355,000 0.0% $169 / Sq Ft
11/07/2018 11/07/18 Pending -- -- --
11/03/2018 11/03/18 For Sale $355,000 0.0% $169 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
08/28/2018 08/28/18 Price Changed $355,000 -1.4% $169 / Sq Ft
08/13/2018 08/13/18 Price Changed $360,000 -2.7% $171 / Sq Ft
07/18/2018 07/18/18 Price Changed $370,000 -10.3% $176 / Sq Ft
07/16/2018 07/16/18 For Sale $412,500 +16.2% $196 / Sq Ft
07/15/2018 07/15/18 Off Market $355,000 -- --
06/25/2018 06/25/18 For Sale $412,500 +25.0% $196 / Sq Ft
02/06/2018 02/06/18 Sold $330,000 +1.5% $157 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $325,000 +8.4% $155 / Sq Ft
05/02/2016 05/02/16 Sold $299,888 +1.7% $143 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $295,000 +28.3% $140 / Sq Ft
09/18/2015 09/18/15 Sold $230,000 -5.2% $110 / Sq Ft
08/07/2015 08/07/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $242,500 -- $115 / 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 $6,147 $541,008 $78,030 $462,978
2023 $6,147 $470,000 $70,000 $400,000
2022 $5,449 $373,166 $68,325 $304,841
2021 $5,148 $365,850 $66,986 $298,864
2020 $5,635 $362,100 $66,300 $295,800
2019 $4,186 $355,000 $65,000 $290,000
2018 $3,074 $262,562 $57,222 $205,340
2017 $3,036 $257,462 $56,100 $201,362
2016 $2,765 $230,481 $40,000 $190,481
2015 $2,721 $223,856 $50,999 $172,857
2014 $2,601 $219,481 $50,000 $169,481
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15084807

California Regional Multiple Listing Service (CRMLS)

APN: 443-194-010