NOT LISTED FOR SALE

Estimated Value: $379,740 - $415,000

2 Beds
2 Baths
1,182 Sq Ft
$335/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $486,000 $411 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,261/month

372 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Peek-A-Boo Views
  • Spanish Architecture
  • Buchanan Elementary School Rated A-
  • Open Floorplan
  • Living Room Balcony

About This Home

As of November 2016

Investor's dream,3 unique, one of a kind excellent unit /condo conversion,a rare find with 3 separate trust deeds and APN #, individually metered for electric, gas with APN # 913-270-003, APN #913-270-004 and APN # 913-270-001 in the same complex as a complete package.Conveniently located at the heart of Murrieta, close by major shopping area,close to 15,215 freeway.These are 2 bedrms & 2 baths oversized open floor plan single story bungalow with fireplace and a wet bar, close to 1,200 sq. ft. each. Master bedroom has its own bath and a full bath in the hall way with 2 front & back balconies & its own laundry hook- up area. Minimal maintenance and expenses. Partially mostly upgraded & updated with newer carpet,custom paint, laminated flooring and crown molding .Great upsides potential,long term tenants.Landlord responsible for HOA dues which mostly pay for landlord's expanses, like water,common area electric bill,gardener services and property insurance.Tenants responsible for electric, gas, trash services. Do not disturb occupants. Buyers and agents to make their own independent investigation regarding due diligent and all other matters affecting the property to satisfy themselves.Cash offer only.

Last Agent to Sell the Property

Ronny Whong

Ronny Whong, Broker License #01039188 Listed on: 10/27/2015

Last Buyer's Agent

Adam Nelson

SimpliHOM License #01308220

SimpliHOM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,176

Year Built

  • Built in 1973

Lot Details

  • 1,307 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in average condition
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Bungalow
  • Property Attached
  • Cosmetic Repairs Needed
  • Flat Roof Shape
  • Block Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Spanish Tile Roof
  • Composition Roof
  • Wood Siding
  • Shingle Siding
  • Pre-Cast Concrete Construction
  • Plaster
  • Stucco

Interior Spaces

  • 1,182 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Peek-A-Boo Views

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • Dressing Area
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 0.03
  • Assessor Parcel Number 913270004

Community Details

Overview

  • Master Insurance
  • 2 Buildings
  • 3 Units
  • Vista De Lago Association
  • Casa Aleere Association
  • Maintained Community

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $2,400
  • Gross Income $3,490
  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,176

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Bungalow, Spanish
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 913270004
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Crown Molding, Living Room Balcony, Open Floorplan, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 411.17
  • Room Type: All Bedrooms Down, Dressing Area, Entry, Living Room, Master Bedroom
  • Window Features: Blinds, Drapes

Exterior Features

  • Foundation: Block, Slab
  • Exterior Features: Lighting
  • View: Peek-A-Boo
  • Fencing: Average Condition, Block, Wood
  • Pool Private: No
  • Roof: Composition, Flat, Spanish Tile
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Frame, Plaster, Shingle Siding, Slump Block, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway, Off Street, Private, Uncovered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Inside, Individual Room, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: CASA ALEERE
  • Amenities: Dues Paid Monthly, Insurance, Maintenance Grounds, Sewer, Trash
  • Association Fee: 60.00
  • Association #2 Fee: 220.00
  • Association Name: VISTA DE LAGO
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level, Landscaped, Paved, Sprinklers In Front, Sprinkler System
  • Lot Size Sq Ft: 1307.00
  • Price Per Lot Square Foot: 378.73
  • Lot Size Acres: 0.0300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3490.00
  • Gross Scheduled Income: 40680.00
  • Lot Size Area: 1307.0000 Square Feet
  • Net Operating Income: 28200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Operating Expense: 12480.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Lot: 0.03
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2025
Sold by
Burgos Alipio and Burgos Felicita
Bought by
Alipio And Felicita Burgos Revocable Trust and Burgos
Current Estimated Value
$395,435

Purchase Details

Listed on
Oct 27, 2015
Closed on
Nov 9, 2016
Sold by
Griffin Consulting Inc
Bought by
Burgos Alipio and Burgos Felicita
Seller's Agent
Ronny Whong
Ronny Whong, Broker
Buyer's Agent
Adam Nelson
SimpliHOM
List Price
$495,000
Sold Price
$486,000
Premium/Discount to List
-$9,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.28%

Purchase Details

Closed on
May 17, 2010
Sold by
Federal National Mortgage Association
Bought by
Griffin Consulting Inc

Purchase Details

Closed on
Feb 4, 2010
Sold by
Nares Raymundo
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 18, 2006
Sold by
Vasquez Daniel V
Bought by
Nares Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
6.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 18, 2003
Sold by
Vasquez Jose T and Vasquez Maria T
Bought by
Vasquez Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2002
Sold by
Penfold Ladd L
Bought by
Vasquez Daniel and Vasquez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,723
Interest Rate
6.8%
Mortgage Type
FHA
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
Alipio And Felicita Burgos Revocable Trust -- None Listed On Document
Burgos Alipio $162,000 Old Republic Title Company
Griffin Consulting Inc $69,000 First American Title Company
Federal National Mortgage Association $242,890 Landsafe Title
Nares Ray $265,000 First American Title Company
Vasquez Daniel -- New Century Title Company
Vasquez Daniel $106,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nares Ray $53,000
Previous Owner Nares Ray $212,000
Previous Owner Vasquez Daniel $107,000
Previous Owner Vasquez Daniel $102,723
Closed Vasquez Daniel $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $486,000 -1.8% $411 / Sq Ft
11/02/2016 11/02/16 Pending -- -- --
10/27/2015 10/27/15 For Sale $495,000 0.0% $419 / Sq Ft
07/01/2012 07/01/12 Rented $950 -13.2% --
06/29/2012 06/29/12 Under Contract -- -- --
06/08/2012 06/08/12 For Rent $1,095 -- --
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 $2,176 $188,008 $46,420 $141,588
2023 $2,176 $180,709 $44,618 $136,091
2022 $2,169 $177,167 $43,744 $133,423
2021 $2,130 $173,694 $42,887 $130,807
2020 $2,110 $171,914 $42,448 $129,466
2019 $2,500 $168,544 $41,616 $126,928
2018 $2,306 $165,240 $40,800 $124,440
2017 $2,027 $162,000 $40,000 $122,000
2016 $1,039 $75,231 $43,613 $31,618
2015 $1,029 $74,103 $42,959 $31,144
2014 $988 $72,653 $42,118 $30,535
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15234043

California Regional Multiple Listing Service (CRMLS)

APN: 913-270-004