NOT LISTED FOR SALE

27070 Nuevo Rd Perris, CA 92571

Estimated Value: $474,000 - $565,000

4 Beds
2 Baths
1 Sq Ft
$525,911/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $394,000 $394,000 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,146/month

8 Days on Market

Highlights

  • Laundry Room
  • No Heating
  • 1-Story Property

About This Home

As of July 2021

Great two unit property off Nuevo and Dunlap road with plenty of space for a Boat/RV parking. A great opportunity to live in one and rent the other. One of the units has been remodeled with new kitchen cabinets, granite, floor, paint, bathroom it also comes with a shed house in the back yard.

Last Agent to Sell the Property

Lucia Herrera Munoz

Top Producers Realty Partners License #02064929 Listed on: 07/09/2021

Last Buyer's Agent

George Castillo

Gold America Real Estate Inc License #01154038

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,655

Year Built

  • Built in 1958

Lot Details

  • 0.66 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Tax Lot 1
  • Tax Tract Number 42620
  • Assessor Parcel Number 307270013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $210
  • Water Sewer Expense $720
  • Operating Expense $2,130
  • Gross Income $30,000
  • Net Operating Income $4,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,655

Year Built

Built in 1958

Lot Details

0

Listing Details

  • CapRate: 6.70
  • Property Attached: Yes
  • Water Sewer Expenses: 720.00
  • Zoning: R-R
  • Property Type: Residential Income
  • Parcel Number: 307270013
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Septic Type Unknown
  • Trash Expense: 210.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 28750.00
  • Lot Size Acres: 0.6600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Gross Income: 30000.00
  • Gross Multiplier: 8.00
  • Gross Operating Income: 29682.00
  • Gross Scheduled Income: 30600.00
  • Gross Spendable Income: 4122.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 28750.0000 Square Feet
  • Net Operating Income: 4122.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 25560.00
  • Rent Control: No
  • Total Actual Rent: 2550.00
  • Total Expenses: 2130.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 426.20
  • Tax Lot: 1
  • Tax Tract Number: 042620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Jul 28, 2021
Sold by
Munoz Domingo Herrera
Bought by
Medina Hector and Medina Norma L
Seller's Agent
Lucia Herrera Munoz
Top Producers Realty Partners
Buyer's Agent
George Castillo
Gold America Real Estate Inc
List Price
$400,000
Sold Price
$394,000
Premium/Discount to List
-$6,000
-1.5%
Current Estimated Value
$525,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,911
Avg. Annual Appreciation
7.03%

Purchase Details

Listed on
Sep 10, 2019
Closed on
Oct 30, 2019
Sold by
Ries Scott and Ries Pauline
Bought by
Munoz Domingo Herrera
Seller's Agent
Scott Ries
RE/MAX One
Buyer's Agent
Gabriela Rodriguez
Berkshire Hathaway Home Services California Properties
List Price
$359,900
Sold Price
$365,000
Premium/Discount to List
$5,100
1.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$358,388
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2003
Sold by
Donaldson Craig
Bought by
Ries Scott E and Ries Pauline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2003
Sold by
Garcia Maria L
Bought by
Garcia Jose Alfredo

Purchase Details

Closed on
Jan 20, 2003
Sold by
Garcia Jose Alfredo
Bought by
Donaldson Craig

Purchase Details

Closed on
Nov 15, 2001
Sold by
Radwich Paul E and Radwich Teresta
Bought by
Garcia Jose Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,650
Interest Rate
7.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2000
Sold by
Radwich Paul E and Radwich Terasita M
Bought by
Radwich Paul E and Radwich Teresita
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Medina Hector $394,000 First American Title Company
Munoz Domingo Herrera $365,000 Lawyers Title
Ries Scott E $175,000 Fidelity Natl Title Ins Co
Garcia Jose Alfredo -- Fidelity Natl Title Ins Co
Donaldson Craig $125,500 Fidelity Natl Title Ins Co
Garcia Jose Alfredo $88,500 Old Republic Title Company
Radwich Paul E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Munoz Domingo Herrera $358,388
Previous Owner Ries Scott E $134,400
Previous Owner Garcia Jose Alfredo $79,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2021 07/30/21 Sold $394,000 -1.5% $394,000 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $400,000 +9.6% $400,000 / Sq Ft
12/23/2019 12/23/19 Sold $365,000 +1.4% $233 / Sq Ft View Prior Sale
10/29/2019 10/29/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $359,900 0.0% $230 / Sq Ft
01/03/2012 01/03/12 Rented $825 0.0% --
01/03/2012 01/03/12 Under Contract -- -- --
11/14/2011 11/14/11 For Rent $825 -- --
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 $4,655 $418,114 $105,058 $313,056
2023 $4,655 $401,880 $100,980 $300,900
2022 $4,582 $394,000 $99,000 $295,000
2021 $4,292 $368,781 $101,036 $267,745
2020 $4,239 $365,000 $100,000 $265,000
2019 $2,594 $223,026 $70,090 $152,936
2018 $2,477 $218,654 $68,716 $149,938
2017 $2,455 $214,368 $67,369 $146,999
2016 $2,416 $210,166 $66,049 $144,117
2015 $2,386 $207,011 $65,058 $141,953
2014 $2,332 $202,958 $63,785 $139,173
Source: Public Records

Agents Affiliated with this Home

  • Lucia Herrera Munoz

    Seller's Agent in 2021

    Lucia Herrera Munoz

    Top Producers Realty Partners

    (909) 590-8853

    19 Total Sales

    Lucia Herrera Munoz
    Section Image
  • George Castillo

    Buyer's Agent in 2021

    George Castillo

    Gold America Real Estate Inc

    (714) 465-0494

    23 Total Sales

    George Castillo
    Section Image
  • Scott Ries

    Seller's Agent in 2019

    Scott Ries

    RE/MAX

    (951) 733-1609

    40 Total Sales

    Scott Ries
    Section Image

  • G

    Buyer's Agent in 2019

    Gabriela Rodriguez

    Berkshire Hathaway Home Services California Properties

    (562) 715-1744

    21 Total Sales

    Gabriela Rodriguez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21143894

California Regional Multiple Listing Service (CRMLS)

APN: 307-270-013

California Riverside County Perris 92571

27070 Nuevo Rd, Perris, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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