NOT LISTED FOR SALE

Estimated Value: $450,000 - $629,000

3 Beds
2 Baths
1,600 Sq Ft
$331/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2013

Last sale price $120,000 $75 Per Sq Ft

Est. 330% increase in value since last sale

Current estimated payment $2,983 / mo

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Tile Flooring
  • 1 Car Garage
  • No HOA

About This Home

As of August 2013

This is a partially and newly renovated 3 bedroom, 2 bath duplex. The smaller unit is a studio unit having a full size kitchen, full bathroom and main room (counted as a bedroom herein). This unit is situated on the left side of the building. The larger of the two units is situated at the right side of the property and consists of a full size kitchen with an ample dining area, two large bedrooms and full bathroom. The interiors of both units have just been renovated with new paint, new carpet and new tile and tub/shower in the studio unit. Only partially renovated as the exterior of the main building and the detached two car garage are in need of extensive work. Centrally located just off of Main Street and close to downtown Lake Elsinore. Neither unit has a stove or other appliances.

Last Agent to Sell the Property

George Zorb

NON-MEMBER/NBA or BTERM OFFICE License #00555917 Listed on: 07/03/2013

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,600 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 426
  • Assessor Parcel Number 373041016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $200
  • New Taxes Expense $1,200
  • Gross Income $1,350
  • Net Operating Income $13,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

6,534 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 373041016
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl
  • Levels: One
  • Price Per Square Foot: 75.00
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 1350.00
  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 13800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Operating Expense: 2400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Lot: 11
  • Tax Tract Number: 00426

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
Jul 3, 2013
Closed on
Aug 1, 2013
Sold by
Us Bank National Association
Bought by
Seller's Agent
George Zorb
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$99,900
Sold Price
$120,000
Premium/Discount to List
$20,100
20.12%
Current Estimated Value
$516,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,000
Avg. Annual Appreciation
12.03%

Purchase Details

Closed on
Oct 22, 2012
Sold by
Kinnsch Lynda D
Bought by
Us Bank National Association

Purchase Details

Closed on
Feb 1, 2006
Sold by
Kinnsch Donald C
Bought by
Kinnsch Lynda D

Purchase Details

Closed on
Jul 15, 1999
Sold by
Kinnsch Lynda
Bought by
Kinnsch Donald C

Purchase Details

Closed on
Jul 9, 1999
Sold by
Williams Robert B and Williams Evelyn L
Bought by
Kinnsch Donald C

Purchase Details

Closed on
Nov 17, 1993
Sold by
Williams Robert Benjamine and Williams Evelyn Louise
Bought by
Williams Robert B and Williams Evelyn L
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$120,000 None Available
Us Bank National Association $61,000 None Available
Kinnsch Lynda D -- Stewart Title Riverside
Kinnsch Donald C -- First American Title Co
Kinnsch Donald C $30,000 First American Title Co
Williams Robert B -- --
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
08/08/2013 08/08/13 Sold $120,000 +20.1% $75 / Sq Ft
07/19/2013 07/19/13 Pending -- -- --
07/03/2013 07/03/13 For Sale $99,900 -- $62 / 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
2026 $1,788 $161,635 $50,008 $111,627
2025 $1,712 $158,467 $49,028 $109,439
2023 $1,712 $152,316 $47,125 $105,191
2022 $1,660 $149,330 $46,201 $103,129
2021 $1,629 $146,403 $45,296 $101,107
2020 $1,614 $144,903 $44,832 $100,071
2019 $1,945 $142,062 $43,953 $98,109
2018 $1,555 $139,278 $43,092 $96,186
2017 $1,425 $126,745 $42,248 $84,497
2016 $1,901 $124,261 $41,420 $82,841
2015 $1,493 $122,397 $40,799 $81,598
2014 $1,319 $120,000 $40,000 $80,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13130023

California Regional Multiple Listing Service (CRMLS)

APN: 373-041-016

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