NOT LISTED FOR SALE

250 N Tahquitz Ave Hemet, CA 92543

Estimated Value: $665,394 - $768,000

2 Beds
1 Bath
3,000 Sq Ft
$237/Sq Ft Est. Value

Last Sold May 06, 2021

Last sale price $510,000 $170 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,238/month

About This Home

As of May 2021

Good 4 Unit Building in Hemet. Each unit is 2 Bedroom 1 Bath, 3 Units are downstairs with small fenced Backyards and 1 unit is upstairs with a patio. 4 covered carport spots.

Last Agent to Sell the Property

Frank Leigh

FRANK LEIGH License #01459588 Listed on: 04/14/2021

Last Buyer's Agent

Gabriel Chipe

LEOLA Commercial , Inc. License #02056431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,242

Year Built

  • Built in 1971

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Back Yard

Home Design

  • 3,000 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Legal Lot and Block 4 / 147
  • Tax Tract Number 434
  • Assessor Parcel Number 443181022

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Professional Management Expense $3,672
  • Trash Expense $1,020
  • Water Sewer Expense $2,400
  • Operating Expense $9,092
  • Net Operating Income $36,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,242

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Professional Management Expense: 3672.00
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 443181022
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 170.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1020.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Scheduled Income: 45900.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 36900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9000.00
  • Rent Control: Yes
  • Total Expenses: 9092.00

Tax Info

  • Tax Block: 147
  • Tax Census Tract: 434.01
  • Tax Lot: 4
  • Tax Tract Number: 434.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Apr 20, 2021
Sold by
Derouin Julia
Bought by
Group Xiii Properties Lp
Seller's Agent
Frank Leigh
FRANK LEIGH
Buyer's Agent
Gabriel Chipe
LEOLA Commercial , Inc.
List Price
$510,000
Sold Price
$510,000
Current Estimated Value
$710,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,349
Avg. Annual Appreciation
7.68%
Original Mortgage
$510,000
Outstanding Balance
$461,204
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$249,145

Purchase Details

Listed on
May 12, 2016
Closed on
Aug 16, 2016
Sold by
Five Crowns Landmark Lp
Bought by
Derouin Julia
Seller's Agent
Eric Stuckey
Urban Cities Housing Corp
Buyer's Agent
SHERRY MENDOZA
RE/MAX HORIZON
List Price
$295,000
Sold Price
$320,000
Premium/Discount to List
$25,000
8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.47%
Original Mortgage
$210,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Listed on
May 12, 2016
Closed on
Aug 5, 2016
Sold by
Derouin Douglas
Bought by
Derouin Julie
Seller's Agent
Eric Stuckey
Urban Cities Housing Corp
Buyer's Agent
SHERRY MENDOZA
RE/MAX HORIZON
List Price
$295,000
Sold Price
$320,000
Premium/Discount to List
$25,000
8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2014
Sold by
Vakis George Andrew
Bought by
Five Crowns Landmark Lp

Purchase Details

Closed on
Apr 1, 2014
Sold by
Real Estate Recovery Inc
Bought by
Vakis George A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
4.25%
Mortgage Type
VA

Purchase Details

Listed on
Oct 20, 2012
Closed on
Jan 24, 2013
Sold by
Hsbc Bank Usa National Association
Bought by
Real Estate Recovery Inc
Seller's Agent
Vivian Arias
Brubaker Culton R.E. & Dev.
Buyer's Agent
Patrick Sullivan
R.R.I REAL ESTATE
List Price
$171,000
Sold Price
$146,000
Premium/Discount to List
-$25,000
-14.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.21%

Purchase Details

Closed on
Nov 23, 2011
Sold by
Salzlein James A
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Nov 4, 2003
Sold by
Connecting Holding Llc
Bought by
Salzlein James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,900
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2001
Sold by
Salzlein James A
Bought by
Connecting Holding Llc

Purchase Details

Closed on
Dec 15, 1997
Sold by
Coast Federal Bank
Bought by
Salzlein James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,050
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1997
Sold by
Beck Rodney A and Beck Charry A
Bought by
Coast Federal 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 Buyer Sale Price Title Company
Group Xiii Properties Lp $510,000 Orange Coast Title
Derouin Julia $320,000 Stewart Title Of California
Derouin Julie -- Stewart Title Of California
Five Crowns Landmark Lp $2,000 Ticor Title Insurance
Vakis George A $247,000 Ticor Title Company
Real Estate Recovery Inc $294,000 Premium Title Of Ca Inc
Hsbc Bank Usa National Association $202,000 None Available
Salzlein James A -- Chicago Title Co
Connecting Holding Llc -- --
Salzlein James A $74,500 Chicago Title Insurance Co
Coast Federal Bank Fsb $64,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Group Xiii Properties Lp $510,000
Previous Owner Derouin Julia $210,000
Previous Owner Vakis George A $247,000
Previous Owner Salzlein James A $169,900
Previous Owner Salzlein James A $67,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2021 05/06/21 Sold $510,000 0.0% $170 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $510,000 +59.4% $170 / Sq Ft
08/31/2016 08/31/16 Sold $320,000 0.0% $99 / Sq Ft View Prior Sale
07/12/2016 07/12/16 Off Market $320,000 -- --
07/06/2016 07/06/16 Price Changed $310,000 +5.1% $96 / Sq Ft
05/12/2016 05/12/16 For Sale $295,000 0.0% $91 / Sq Ft
05/01/2013 05/01/13 Rented $650 0.0% --
04/26/2013 04/26/13 Under Contract -- -- --
02/10/2013 02/10/13 For Rent $650 0.0% --
01/31/2013 01/31/13 Sold $146,000 -14.6% -- View Prior Sale
12/19/2012 12/19/12 Pending -- -- --
09/19/2012 09/19/12 For Sale $171,000 -- --
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 $6,242 $552,038 $108,242 $443,796
2023 $6,242 $530,604 $104,040 $426,564
2022 $6,044 $520,200 $102,000 $418,200
2021 $4,042 $343,103 $42,887 $300,216
2020 $3,996 $339,586 $42,448 $297,138
2019 $3,910 $332,928 $41,616 $291,312
2018 $3,790 $326,400 $40,800 $285,600
2017 $3,746 $320,000 $40,000 $280,000
2016 $3,024 $252,796 $55,838 $196,958
2015 $3,015 $249,000 $55,000 $194,000
2014 $1,796 $147,463 $40,181 $107,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21078345

California Regional Multiple Listing Service (CRMLS)

APN: 443-181-022