NOT LISTED FOR SALE

2480 Tahoe Cir Hemet, CA 92545

Estimated Value: $487,000 - $537,758

3 Beds
3 Baths
2,852 Sq Ft
$180/Sq Ft Est. Value

Last Sold June 04, 2018

Last sale price $295,000 $103 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,110/month

2 Days on Market

Highlights

  • Property is near public transit
  • Neighborhood Views
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room
  • Family Room

About This Home

As of June 2018

Great opportunity to purchase a duplex in West Hemet! This property features two identical 3 bedroom, 2.5 bath townhomes, each with 2 car attached garage. Located on a quiet cul-de-sac with a large yard, this property offers great space and an ideal location. Downstairs is an open layout with living room, dining area, kitchen and half bathroom. Upstairs are three large bedrooms, the over sized master bedroom offers its own private bathroom with dual sinks and a separate shower area. The two secondary bedrooms share the hall bathroom. Plenty of extra storage throughout the property as well. This is an amazing opportunity to purchase a rent producing property at an affordable price! Will not last at this price!

Last Agent to Sell the Property

Tom Bashe

Localist Realty License #01383456 Listed on: 05/20/2018

Last Buyer's Agent

Tom Bashe

Coldwell Banker Res-Murrieta License #01383456

Coldwell Banker Res-Murrieta

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,898

Year Built

  • Built in 1979

Lot Details

  • 10,890 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Back and Front Yard

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,852 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Carpet
  • Neighborhood Views

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 9245
  • Assessor Parcel Number 456151004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $300
  • New Taxes Expense $3,752
  • Operating Expense $5,252
  • Gross Income $30,000
  • Net Operating Income $24,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,898

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.74
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 456151004
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 103.44
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Water Heater
  • Heating Type: Central, Natural Gas
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Level, Near Public Transit
  • Lot Size Sq Ft: 10890.00

Multi Family

  • Gross Income: 30000.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 24747.70
  • 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: 5252.30
  • Rent Control: No
  • Total Expenses: 5252.30

Tax Info

  • New Taxes Expense: 3752.30
  • Tax Census Tract: 435.03
  • Tax Lot: 4
  • Tax Tract Number: 9245-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2018
Closed on
May 23, 2018
Sold by
Ap & H Inc
Bought by
Livingston Myrna J
Seller's Agent
Tom Bashe
Localist Realty
Buyer's Agent
Tom Bashe
Localist Realty
List Price
$319,900
Sold Price
$295,000
Premium/Discount to List
-$24,900
-7.78%
Current Estimated Value
$512,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,190
Avg. Annual Appreciation
7.90%

Purchase Details

Closed on
Jul 2, 2015
Sold by
Anka Behavioral Health Inc
Bought by
Ap & H Inc

Purchase Details

Closed on
Jun 27, 2011
Sold by
Phoenix Programs Inc
Bought by
Anka Behavioral Health Inc

Purchase Details

Closed on
Apr 8, 1998
Sold by
Hud
Bought by
Phoenix Programs Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,300
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
May 21, 1997
Sold by
Mellon Mtg Company
Bought by
Hud

Purchase Details

Closed on
Apr 10, 1997
Sold by
Leber Dennis B and Leber Lynnette M
Bought by
Mellon Mtg Company
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
Livingston Myrna J $295,000 None Available
Ap & H Inc $161,000 None Available
Anka Behavioral Health Inc -- None Available
Phoenix Programs Inc $90,000 Orange Coast Title
Hud -- Fidelity National Title Ins
Mellon Mtg Company $91,403 Benefit Land Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phoenix Programs Inc $306,250
Previous Owner Phoenix Programs Inc $117,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2018 06/04/18 Sold $295,000 -7.8% $103 / Sq Ft
05/20/2018 05/20/18 For Sale $319,900 -- $112 / 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 $3,898 $335,655 $73,956 $261,699
2023 $3,898 $322,623 $71,085 $251,538
2022 $3,779 $316,298 $69,692 $246,606
2021 $3,718 $310,097 $68,326 $241,771
2020 $3,678 $306,918 $67,626 $239,292
2019 $3,600 $300,900 $66,300 $234,600
2018 $2,811 $234,090 $41,616 $192,474
2017 $2,779 $229,500 $40,800 $188,700
2016 $2,760 $225,000 $40,000 $185,000
2015 $193 $164,077 $31,351 $132,726
2014 $193 $160,865 $30,738 $130,127
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW18117102

California Regional Multiple Listing Service (CRMLS)

APN: 456-151-004