NOT LISTED FOR SALE

28122 Via Princesa Murrieta, CA 92563

Murrieta Hot Springs Neighborhood

Estimated Value: $1,194,769 - $1,326,000

8 Beds
8 Baths
3,792 Sq Ft
$330/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $935,000 $247 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,574/month

31 Days on Market

Highlights

  • Central Heating and Cooling System
  • Buchanan Elementary School Rated A-
  • Back Yard

About This Home

As of May 2021

Back on Market! Highly desirable income property that rarely comes available!! Cash flow 4-plex in the heart of Murrieta offering four units, each two bedroom two bath, each with a single car garage as well as additional parking and a patio and private yard. Two of the four units are updated with newer flooring, paint, counters and appliances. Low property taxes! All units are rented and vacancy rate is nearly 0%. These units rarely come on the market as very few of this product exists in the Temecula Valley. ALSO AVAILABLE IN SAME COMPLEX IS APN 913-203-007, 28887 CALLE DEL LAGO, by same owner. This opportunity will not disappoint!!

Last Agent to Sell the Property

Joleen Melendrez

Trillion Real Estate License #01487393 Listed on: 03/12/2021

Last Buyer's Agent

Nima Fathi

HBC Realty License #01912075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,454

Year Built

  • Built in 1988

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 4 Car Garage

Home Design

  • 3,792 Sq Ft Home
  • Quadruplex
  • Planned Development

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 8 Bathrooms

Additional Features

  • Disposal
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 31
  • Tax Tract Number 4476
  • Assessor Parcel Number 913171009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $720
  • Professional Management Expense $2,400
  • Trash Expense $1,680
  • Water Sewer Expense $2,700
  • Operating Expense $7,500
  • Gross Income $65,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,454

Year Built

Built in 1988

Lot Details

0

HOA Fees

$70 per month

Parking

4

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: R3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 913171009
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 246.57
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 70.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 65400.00
  • Gross Scheduled Income: 65400.00
  • Lot Size Area: 8276.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Rent Control: No
  • Total Expenses: 7500.00

Tax Info

  • Tax Census Tract: 505.00
  • Tax Lot: 31
  • Tax Tract Number: 4476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 24, 2021
Sold by
Parvaz Ali James
Bought by
Parvaz Ali James and Parvaz Roya Mehrannejad
Seller's Agent
Joleen Melendrez
Trillion Real Estate
Buyer's Agent
Nima Fathi
HBC Realty
List Price
$999,999
Sold Price
$935,000
Premium/Discount to List
-$64,999
-6.5%
Current Estimated Value
$1,185,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,803
Avg. Annual Appreciation
5.79%
Original Mortgage
$700,000
Outstanding Balance
$637,065
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$548,033

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 18, 2021
Sold by
Mehraannejad Parvaz Roya
Bought by
Parvaz Ali James
Seller's Agent
Joleen Melendrez
Trillion Real Estate
Buyer's Agent
Nima Fathi
HBC Realty
List Price
$999,999
Sold Price
$935,000
Premium/Discount to List
-$64,999
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$637,065
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$548,033

Purchase Details

Listed on
Mar 12, 2021
Closed on
Apr 22, 2021
Sold by
Nieland Darlene J and Bither Barry D
Bought by
Parvaz Ali James
Seller's Agent
Joleen Melendrez
Trillion Real Estate
Buyer's Agent
Nima Fathi
HBC Realty
List Price
$999,999
Sold Price
$935,000
Premium/Discount to List
-$64,999
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$637,065
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$548,033

Purchase Details

Closed on
Feb 16, 2019
Sold by
Bither Natalie M C
Bought by
Bither Natalie M C

Purchase Details

Closed on
May 4, 1998
Sold by
Fadler Orien E and Fadler Sandra J
Bought by
Bither Harold C and Bither Natalie M
Source: Public Records

Range of Values:

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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
Parvaz Ali James -- None Available
Parvaz Ali James -- Chicago Title Company
Parvaz Ali James $935,000 Chicago Title Company
Bither Natalie M C -- None Available
Bither Harold C $165,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parvaz Ali James $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2021 05/25/21 Sold $935,000 -6.5% $247 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $999,999 -- $264 / 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 $11,454 $1,012,071 $254,370 $757,701
2023 $11,454 $972,774 $244,494 $728,280
2022 $11,413 $953,700 $239,700 $714,000
2021 $3,276 $238,945 $79,642 $159,303
2020 $3,248 $236,496 $78,826 $157,670
2019 $3,195 $231,860 $77,281 $154,579
2018 $3,143 $227,315 $75,767 $151,548
2017 $3,107 $222,859 $74,282 $148,577
2016 $3,072 $218,490 $72,826 $145,664
2015 $3,045 $215,210 $71,733 $143,477
2014 $2,924 $210,996 $70,329 $140,667
Source: Public Records

Agents Affiliated with this Home

  • Joleen Melendrez

    Seller's Agent in 2021

    Joleen Melendrez

    Trillion Real Estate

    (951) 970-2196

    2 in this area

    40 Total Sales

    Section Image
  • Nima Fathi

    Buyer's Agent in 2021

    Nima Fathi

    HBC Realty

    (818) 825-8424

    1 in this area

    54 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21052513

California Regional Multiple Listing Service (CRMLS)

APN: 913-171-009

California Riverside County Murrieta 92563 Murrieta Hot Springs

28122 Via Princesa, Murrieta, CA

This home is located at 28122 Via Princesa, Murrieta, CA 92563 since 12 March 2021 and is currently estimated at $1,251,942, approximately $330 per square foot. This property was built in 1988. 28122 Via Princesa is a home located in Riverside County with nearby schools including Buchanan Elementary School, Warm Springs Middle School, and Vista Murrieta High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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