NOT LISTED FOR SALE

247 S State St Hemet, CA 92543

Estimated Value: $275,000 - $333,000

2 Beds
1 Bath
1,688 Sq Ft
$182/Sq Ft Est. Value

Last Sold August 21, 2013

Last sale price $125,000 $74 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $1,744/month

128 Days on Market

About This Home

As of August 2013

Two individual houses on one lot.However, this property should be sold along with the vacant lot next door as access to one garage is through this vacant lot. Seller will provide an ingress and egress easement should buyer not want the lot. All expenses are estimated because one seller keeping records has died.

Last Agent to Sell the Property

Mike Culton

Brubaker Culton R.E. & Dev. License #00557811 Listed on: 06/06/2013

Last Buyer's Agent

SHERRI KENNEDY

WESTCOE REALTORS INC License #00901965

WESTCOE REALTORS INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • 1,688 Sq Ft Home
  • Cosmetic Repairs Needed
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • No Heating
  • Sewer Paid

Additional Features

  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Assessor Parcel Number 443304015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $78
  • Water Sewer Expense $100
  • New Taxes Expense $1,300
  • Gross Income $1,150
  • Net Operating Income $9,384

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

8,712 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 443304015
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 74.05

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Sewer: Sewer Paid
  • Trash Expense: 78.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gutters, Urban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1150.00
  • Gross Scheduled Income: 13800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 9384.00
  • 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: 4416.00
  • Operating Expense Percent: 32.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 1300.00
  • Tax Lot: 15
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2013
Closed on
Jul 26, 2013
Sold by
Kirschner David R and Wilson Julian Lee
Bought by
Vanelli Renee Marie
Seller's Agent
Mike Culton
Brubaker Culton R.E. & Dev.
Buyer's Agent
SHERRI KENNEDY
WESTCOE REALTORS INC
List Price
$119,900
Sold Price
$125,000
Premium/Discount to List
$5,100
4.25%
Current Estimated Value
$306,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,582
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
Feb 22, 2006
Sold by
Stuckeman Dorothy I and Stock Catherine C
Bought by
Kirchner David A and Wilson James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Vanelli Renee Marie $125,000 Orange Coast Title Company
Kirchner David A $340,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kirchner David A $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2013 08/21/13 Sold $125,000 +4.3% $74 / Sq Ft
07/11/2013 07/11/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $119,900 -- $71 / 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 $1,821 $153,220 $30,640 $122,580
2023 $1,821 $147,272 $29,451 $117,821
2022 $1,769 $144,385 $28,874 $115,511
2021 $1,741 $141,555 $28,308 $113,247
2020 $1,739 $140,104 $28,018 $112,086
2019 $2,194 $137,358 $27,469 $109,889
2018 $1,816 $134,666 $26,931 $107,735
2017 $1,636 $132,026 $26,403 $105,623
2016 $1,620 $129,438 $25,886 $103,552
2015 $1,657 $127,497 $25,499 $101,998
2014 $1,548 $125,000 $25,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HM13038511

California Regional Multiple Listing Service (CRMLS)

APN: 443-304-015

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