NOT LISTED FOR SALE

2405 Tahoe Cir Hemet, CA 92545

Estimated Value: $467,000 - $477,000

4 Beds
4 Baths
1,840 Sq Ft
$256/Sq Ft Est. Value

Last Sold January 03, 2020

Last sale price $308,000 $167 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,906/month

22 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • 1-Story Property

About This Home

As of January 2020

Great investment property in a great location. 2 units each 2 Bedrooms and 2 Baths, with opposite floor plan, The units feature a master bedroom and bathroom with an additional bedroom and separate bathroom. Open floor plan, large living room and formal dining area. Both units have their own detached two car garage. Property is centrally located within walking distance to schools, shopping centers and parks. A must see!!

Last Agent to Sell the Property

Oscar Sandoval Ocampo

PAK Home Realty License #02011692 Listed on: 10/28/2019

Last Buyer's Agent

Samir Riad

Best Choice Funding & Realty License #01739953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,088

Year Built

  • Built in 1980

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,840 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 9245
  • Assessor Parcel Number 456151016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,085
  • Trash Expense $65
  • Water Sewer Expense $90
  • New Taxes Expense $2,700
  • Operating Expense $155
  • Gross Income $24,600
  • Net Operating Income $22,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,088

Year Built

Built in 1980

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 7142498536
  • Property Attached: Yes
  • Water Sewer Expenses: 90.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 456151016
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 167.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 65.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Gross Income: 24600.00
  • Gross Scheduled Income: 24600.00
  • Insurance Expense: 1085.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 22380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2200.00
  • Rent Control: No
  • Total Expenses: 155.00

Tax Info

  • New Taxes Expense: 2700.00
  • Tax Census Tract: 435.03
  • Tax Lot: 16
  • Tax Tract Number: 9245-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Jan 2, 2020
Sold by
Ocampo Oscar Sandoval
Bought by
Nakhla Yvette
Seller's Agent
Oscar Sandoval Ocampo
PAK Home Realty
Buyer's Agent
Samir Riad
Best Choice Funding & Realty
List Price
$308,900
Sold Price
$308,000
Premium/Discount to List
-$900
-0.29%
Current Estimated Value
$471,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,767
Avg. Annual Appreciation
7.82%
Original Mortgage
$184,800
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2018
Sold by
Hemandez Francisco Mendez
Bought by
Ocampo Oscar Sandoval

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2016
Sold by
Southern Cross Llc
Bought by
Hernandez Francisco Mendez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 29, 2016
Closed on
Dec 29, 2015
Sold by
Loma Linda Rentals Inc
Bought by
Southern Cross Llc
Seller's Agent
Tyler Culton
Brubaker Culton R.E. & Dev.
Buyer's Agent
Tyler Culton
Brubaker Culton R.E. & Dev.
Sold Price
$995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$129,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2012
Sold by
Tapia Valentino
Bought by
Loma Linda Rentals Inc

Purchase Details

Closed on
Jun 19, 2007
Sold by
Ecklund Barbara E
Bought by
Tapia Valentino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,120
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2001
Sold by
Strecker Gerald Duane and Strecker Judith B
Bought by
Ecklund Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.26%
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
Nakhla Yvette $308,000 None Available
Ocampo Oscar Sandoval $225,000 First American Title
Hernandez Francisco Mendez $225,000 Orange Coast Title Company
Southern Cross Llc $781,000 Orange Coast Title Company
Loma Linda Rentals Inc $113,000 None Available
Tapia Valentino $334,000 First American Title Company
Ecklund Barbara E $100,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nakhla Yvette $181,000
Closed Nakhla Yvette $184,800
Previous Owner Ocampo Oscar Sandoval $168,750
Previous Owner Hernandez Francisco Mendez $220,924
Previous Owner Southern Cross Llc $129,000
Previous Owner Tapia Valentino $267,120
Previous Owner Ecklund Barbara E $235,000
Previous Owner Ecklund Barbara E $115,000
Previous Owner Ecklund Barbara E $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2020 01/03/20 Sold $308,000 -0.3% $167 / Sq Ft
10/28/2019 10/28/19 For Sale $308,900 +37.3% $168 / Sq Ft
08/15/2016 08/15/16 Sold $225,000 +2.3% $122 / Sq Ft
08/08/2016 08/08/16 Price Changed $219,900 +22000.5% $120 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
02/11/2016 02/11/16 Rented $995 0.0% --
01/29/2016 01/29/16 For Sale $219,900 0.0% $120 / Sq Ft
01/29/2016 01/29/16 For Rent $995 0.0% --
01/15/2016 01/15/16 Sold $220,000 0.0% $120 / Sq Ft
11/30/2015 11/30/15 Pending -- -- --
11/12/2015 11/12/15 For Sale $220,000 -- $120 / 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 $4,088 $336,837 $71,084 $265,753
2023 $4,088 $323,760 $68,325 $255,435
2022 $3,787 $317,413 $66,986 $250,427
2021 $3,726 $311,190 $65,673 $245,517
2020 $3,107 $257,040 $56,100 $200,940
2019 $3,042 $252,000 $55,000 $197,000
2018 $2,677 $229,500 $45,900 $183,600
2017 $2,645 $225,000 $45,000 $180,000
2016 $1,529 $117,541 $20,801 $96,740
2015 $1,525 $115,778 $20,490 $95,288
2014 $1,463 $113,512 $20,090 $93,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19253050

California Regional Multiple Listing Service (CRMLS)

APN: 456-151-016