NOT LISTED FOR SALE

Estimated Value: $500,000 - $935,521

6 Beds
3 Baths
2,660 Sq Ft
$301/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $570,000 $214 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,776/month

1 Day on Market

Highlights

  • No HOA
  • Horse Property Improved
  • Rectangular Lot
  • Laundry Room
  • Horse Trails
  • No Heating

About This Home

As of December 2019

2 ON A LOT. Main Unit built in 2018, 4 bed 2 baths, open floor plan, granite counter tops, attached garage, 1848 sq with polished stained concrete floors throughout, 9-10 feet ceilings, master bedroom, custom kitchen cabinets, recces lights, stamped concrete driveway, direct garage access, this house is ready for your family and to entertain. Second unit is rented $1100 monthly income, 2 bed, one bath and over 800 sq . Lot is flat and almost 2 acres ready for your horses and big toys. Minutes form Lake Elsinore, Lake Perris and 3 miles from fwy and plenty of amenities available with new shopping centers, restaurants, Home Depot, Target, Costco, Lowe's, banks, Lake Elsinore Outlets you name it its close to you

Last Agent to Sell the Property

Miguel Santana

Realty ONE Group West License #01356770 Listed on: 12/02/2019

Realty ONE Group West

Last Buyer's Agent

Miguel Santana

Realty ONE Group West License #01356770 Listed on: 12/02/2019

Realty ONE Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,308

Year Built

  • Built in 2018

Lot Details

  • 1.84 Acre Lot
  • Two or More Common Walls
  • Rural Setting
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,660 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Horse Facilities and Amenities

  • Horse Property Improved

Utilities

  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 12
  • Tax Tract Number 429
  • Assessor Parcel Number 349030057

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Horse Trails

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,440
  • Insurance Expense $1,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,814
  • Operating Expense $10,854
  • Gross Income $35,160
  • Net Operating Income $35,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,308

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 280000
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: W-2-M-1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 349030057
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 214.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Septic Type Unknown
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Horse Property Improved, Lot Over 40000 Sqft, Rectangular Lot, Paved, Ranch
  • Lot Size Sq Ft: 80150.00
  • Lot Size Acres: 1.8400

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1850 Square Feet
  • Electric Expense: 1440.00
  • Gross Income: 35160.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 80150.0000 Square Feet
  • Net Operating Income: 35160.00
  • 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
  • Number Wall A C: 1
  • Operating Expense: 5040.00
  • Rent Control: No
  • Total Actual Rent: 13200.00
  • Total Expenses: 10854.00

Tax Info

  • New Taxes Expense: 5814.00
  • Tax Census Tract: 429.02
  • Tax Lot: 12
  • Tax Tract Number: 429.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2019
Sold by
Loera Elias and Loera Olga
Bought by
Weaver Charles Christian
Current Estimated Value
$801,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$559,675
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2015
Sold by
Landeros Jose J and Landeros Leticia C
Bought by
Loera Elias and Loera Olga

Purchase Details

Closed on
Nov 16, 2011
Sold by
The Bank Of New York Mellon
Bought by
Loera Elias and Loera Olga

Purchase Details

Closed on
Aug 31, 2011
Sold by
Quintero Maria C
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Nov 14, 2006
Sold by
Quintero Celestino
Bought by
Quintero Maria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 11, 2005
Sold by
Loera Elias
Bought by
Galvan Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2004
Sold by
Loera Olga
Bought by
Loera Elias

Purchase Details

Closed on
Mar 23, 2004
Sold by
Laurito Fred J and Laurito Bertha
Bought by
Loera Elias

Purchase Details

Closed on
Jun 25, 1999
Sold by
Messing George M
Bought by
Laurito Fred J and Laurito Bertha
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
Weaver Charles Christian $570,000 Western Resources Title Co
Loera Elias $40,000 None Available
Loera Elias $10,774 Landsafe Title
The Bank Of New York Mellon $90,000 Landsafe Title
Quintero Maria C -- Fidelity Natl Title Mclpc
Quintero Maria $375,000 None Available
Galvan Jorge $375,000 None Available
Galvan Jorge $248,000 Ticor Title Company
Loera Elias -- Fidelity National Title Insu
Loera Elias $150,000 Fntic
Laurito Fred J $20,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weaver Charles Christian $559,675
Previous Owner Galvan Jorge $37,500
Previous Owner Quintero Maria C $300,000
Previous Owner Galvan Jorge $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $570,000 0.0% $214 / Sq Ft
12/03/2019 12/03/19 Pending -- -- --
12/02/2019 12/02/19 For Sale $570,000 -- $214 / 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 $6,308 $623,373 $142,171 $481,202
2023 $6,308 $599,168 $136,651 $462,517
2022 $6,105 $587,421 $133,972 $453,449
2021 $5,986 $575,904 $131,346 $444,558
2020 $5,925 $570,000 $130,000 $440,000
2019 $3,545 $340,170 $65,129 $275,041
2018 $1,127 $106,736 $63,852 $42,884
2017 $1,105 $104,644 $62,600 $42,044
2016 $1,064 $102,593 $61,373 $41,220
2015 $931 $88,832 $47,029 $41,803
2014 $905 $87,093 $46,108 $40,985
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19269976

California Regional Multiple Listing Service (CRMLS)

APN: 349-030-057