NOT LISTED FOR SALE

271 N Sanderson Ave Hemet, CA 92545

Estimated Value: $319,000 - $509,000

5.5 Acres
$77,091 Price per Acre
239,580 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $850,000

Est. 50% decrease in value since last sale

Current estimated payment $2,364/month

156 Days on Market

About This Lot

As of November 2021

Please be aware property will ''maybe'' be final permitted for 86 new apartments; going thru process now. This is the ''SLEEPER'' bring your builders & investors & get this done...Let's start building in 6 months and get this thing finaled before this time next year March 25/22 We have a lot of background and knowledge of the project.

Last Agent to Sell the Property

Dennis Grimes

Dennis Grimes Realty License #00876623 Listed on: 03/12/2021

Last Buyer's Agent

Dennis Grimes

Dennis Grimes Realty License #00876623 Listed on: 03/12/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,741

Lot Details

  • 5.5 Acre Lot
  • Density is 36-40 Units/Acre
  • 448-270-005, 448-270-006

Additional Features

  • Urban Location
  • Water Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 448270004

Property Details

Property Type

Land

Est. Annual Taxes

$1,741

Lot Details

0

Listing Details

  • View: No
  • Zoning: 4
  • Property Type: Land
  • Parcel Number: 448270004
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 3.55

Utilities

  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 448-270-005, 448-270-006
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre, Over 40 Units/Acre
  • Lot Size Sq Ft: 239580.00
  • Lot Size Acres: 5.5000
  • Latitude Manual: 33.75227200

Multi Family

  • Lot Size Area: 5.5000 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2023
Sold by
Fb Montego Bay Hmt Llc
Bought by
Fb Montego Bay Hmt Llc
Current Estimated Value
$424,000

Purchase Details

Listed on
Mar 12, 2021
Closed on
Oct 28, 2021
Sold by
Joseph J Valenti Trust
Bought by
Fb Montego Bay Hmt Llc
Seller's Agent
Dennis Grimes
Dennis Grimes Realty
Buyer's Agent
Dennis Grimes
Dennis Grimes Realty
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.14%

Purchase Details

Closed on
May 8, 2009
Sold by
Hemet Capital Investments Llc
Bought by
Valenti Joseph J

Purchase Details

Closed on
May 19, 2008
Sold by
Grimes Dennis
Bought by
Hemet Capital Investments Llc

Purchase Details

Closed on
Mar 15, 2007
Sold by
California Ranch Homes Of Hemet
Bought by
Grimes Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fb Montego Bay Hmt Llc -- None Listed On Document
Fb Montego Bay Hmt Llc $875,000 Commonwealth Land Title
Valenti Joseph J $685,000 None Available
Hemet Capital Investments Llc -- None Available
Grimes Dennis $32,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grimes Dennis $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2021 11/15/21 Sold $850,000 0.0% --
10/11/2021 10/11/21 Off Market $850,000 -- --
08/15/2021 08/15/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $875,000 -- --
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 $1,741 $153,875 $153,875 --
2023 $1,741 $147,900 $147,900 $0
2022 $1,623 $139,541 $139,541 $0
2021 $1,596 $136,805 $136,805 $0
2020 $1,564 $135,403 $135,403 $0
2019 $1,530 $132,749 $132,749 $0
2018 $1,483 $130,147 $130,147 $0
2017 $1,465 $127,596 $127,596 $0
2016 $1,454 $125,095 $125,095 $0
2015 $1,450 $123,217 $123,217 $0
2014 $1,384 $120,804 $120,804 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21052571

California Regional Multiple Listing Service (CRMLS)

APN: 448-270-004