NOT LISTED FOR SALE

2340 Tahoe Cir Hemet, CA 92545

Estimated Value: $437,000 - $624,000

2 Beds
2 Baths
2,208 Sq Ft
$224/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2015

Last sale price $181,000 $82 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $2,927 / mo

7 Days on Market

Highlights

  • View of Hills
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Living Room Balcony
  • Landscaped

About This Home

As of March 2015

Can't miss opportunity to own a large two story duplex on a quiet culdesac in West Hemet! Situated on an oversized 10,018 sq. ft. lot, each unit is approximately 1,104 square feet, with 2 bedrooms & 2 baths to go along with separate indoor laundry rooms & attached 2 car garages (4 total garage spaces), which is a rarity for a multi unit property, and did I mention R4 zoning!? Wonderful curb appeal greets you, including newer exterior paint colors, a newer composition roof & large driveway which wraps around to the garages. Light & bright identical interior layouts, with a large Living / Dining combo room, galley kitchen, private patio / deck, indoor laundry, 2 good sized bedrooms along with 2 full baths, and much more! These units are perfect for an investor looking for a high cap rate on a great long term old, but also would work for an owner user as the lower unit is already occupied by a long term tenant! Don't wait too long, as these units are priced to sell FAST!

Last Agent to Sell the Property

Tom Bashe

Localist Realty License #01383456 Listed on: 02/20/2015

Last Buyer's Agent

Cathy Bates

NON-MEMBER/NBA or BTERM OFFICE License #00845396

NON-MEMBER/NBA or BTERM OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room Balcony
  • Views of Hills
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, repairs
  • Tax Lot 10
  • Tax Tract Number 9245
  • Assessor Parcel Number 456151010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $528
  • Trash Expense $50
  • Water Sewer Expense $100
  • New Taxes Expense $2,042
  • Gross Income $1,650
  • Net Operating Income $16,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

10,019 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 9.70
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System
  • View: Yes
  • Water Sewer Expenses: 100.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 456151010
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Living Room Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 81.97

Exterior Features

  • Foundation: Slab
  • View: Hills
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Door Opener, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Trash Expense: 50.00
  • 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, Landscaped, Level with Street, Lot 10000-19999 Sqft, Paved
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Electricity, Gas, Repairs

Multi Family

  • Average2 Bed Area: 1104
  • Gross Income: 1650.00
  • Gross Multiplier: 8.30
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 528.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 16000.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 317.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2042.00
  • Tax Lot: 10
  • Tax Tract Number: 9245
  • Tax Year: 2014

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2015
Closed on
Mar 16, 2015
Sold by
Bought by
Seller's Agent
Tom Bashe
Localist Realty
Buyer's Agent
Cathy Bates
NON-MEMBER/NBA or BTERM OFFICE
List Price
$169,900
Sold Price
$181,000
Premium/Discount to List
$11,100
6.53%
Current Estimated Value
$501,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$320,945
Avg. Annual Appreciation
9.30%
Original Mortgage
$135,750
Interest Rate
0.0365%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 3, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
0.057%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
0.057%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
0.0512%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 1998
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$181,000 Ticor Title
$108,500 Landsafe Title
$273,848 Landsafe Title
-- None Available
-- Alliance Title Company
-- --
$310,000 Orange Coast Title Co
-- Orange Coast Title Co
-- Orange Coast Title Co
-- --
$175,000 Orange Coast Title Co
-- --
$80,000 Chicago Title Co
-- --
$58,352 Landsafe Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $135,750
Closed $230,000
Closed $62,000
Closed $140,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $181,000 +6.5% $82 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $169,900 -- $77 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,588 $217,526 $48,068 $169,458
2023 $2,588 $209,081 $46,202 $162,879
2022 $2,511 $204,983 $45,297 $159,686
2021 $2,472 $200,964 $44,409 $156,555
2020 $2,449 $198,904 $43,954 $154,950
2019 $2,398 $195,005 $43,093 $151,912
2018 $2,328 $191,183 $42,250 $148,933
2017 $2,302 $187,435 $41,422 $146,013
2016 $2,286 $183,760 $40,610 $143,150
2015 $1,536 $116,526 $21,478 $95,048
2014 $1,473 $114,245 $21,058 $93,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15036568

California Regional Multiple Listing Service (CRMLS)

APN: 456-151-010

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