NOT LISTED FOR SALE

301 N Franklin St Hemet, CA 92543

Estimated Value: $351,956 - $535,000

5 Beds
3 Baths
2,763 Sq Ft
$158/Sq Ft Est. Value

Last Sold February 22, 2016

Last sale price $185,000 $67 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,653/month

97 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • 5-minute walk to Weston Park
  • Laundry Room

About This Home

As of February 2016

Great 3 Unit Investor Opportunity!!!! Standard sale. Main house has been fully rehabbed withing the last 3 months. The rear units are separate structures. they consist of a 1/1 upstairs and a 1/1 downstairs. All units and main house are occupied by great stable tenants. Property is sold as is. PLEASE DO NOT DISTURB THE TENANTS.

Last Listed By

Nick Benavides

Nick Benavides, Broker License #01409465 Listed on: 02/03/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,604

Year Built

  • Built in 1922

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Interior Spaces

  • 2,763 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Utilities

  • Cooling Available
  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 19
  • Tax Tract Number 4
  • Assessor Parcel Number 443161013

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Trash Expense $300
  • Water Sewer Expense $1,000
  • New Taxes Expense $1,500
  • Gross Income $1,850
  • Net Operating Income $1,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,604

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 443161013
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 66.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup
  • Sewer: Unknown
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6098.00
  • Price Per Lot Square Foot: 30.34
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 1850.00
  • Gross Scheduled Income: 1850.00
  • Insurance Expense: 500.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 1175.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 75.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1500.00
  • Tax Lot: 19
  • Tax Tract Number: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2019
Sold by
Rojas Humberto
Bought by
Global Real Estate Investment Team Llc
Total Days on Market
97
Current Estimated Value
$437,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,500
Outstanding Balance
$938,739
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
-$505,595

Purchase Details

Closed on
Aug 12, 2016
Sold by
Rojas Humberto
Bought by
Rojas Living Trust

Purchase Details

Listed on
Feb 3, 2016
Closed on
Jan 14, 2016
Sold by
Rojas Maria Elena
Bought by
Rojas Humberto
Seller's Agent
Nick Benavides
Nick Benavides, Broker
Buyer's Agent
Nick Benavides
Nick Benavides, Broker
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$138,750
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2015
Sold by
Great Western Servicing Llc
Bought by
Rojas Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2010
Sold by
Perez Javier
Bought by
Great Western Servicing Llc

Purchase Details

Closed on
Aug 5, 2006
Sold by
Perez Javier
Bought by
Perez Javier and Delatorre Ramon

Purchase Details

Closed on
Aug 5, 2004
Sold by
Danna John P
Bought by
Perez Javier

Purchase Details

Closed on
May 24, 2004
Sold by
Danna John P
Bought by
Perez Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.83%
Mortgage Type
Negative Amortization

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

Similar Homes in Hemet, CA

  • 501 Cedar Place, Hemet, CA 92543

    $495,000

    • 4 Beds
    • 3 Baths
    • 1,752 Sq Ft
    • 501 Cedar Place
    • Hemet, CA

    Live in one and rent out the other two! This triplex has a vacant unit with the other two occupied. Great opportunity here. You won't want to miss this one.

    Mia Melle Modern Real Estate Shop

    Section Image
  • 410 N San Jacinto St, Hemet, CA 92543

    $449,000

    • 2 Beds
    • 2 Baths
    • 1,100 Sq Ft
    • 410 N San Jacinto St
    • Hemet, CA

    A great investment opportunity located in the heart of Hemet, centrally positioned near major shopping centers, schools, and public transportation. The property is a well-maintained duplex consisting of two units, each with 1 bedroom and 1 bathroom. Both units are in good condition; the front unit has been recently updated and is currently available, while the back unit is already rented,

    Steve Navar Excellence RE Real Estate

    Section Image
See All Homes in Hemet

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
Global Real Estate Investment Team Llc -- Os National Llc
Rojas Living Trust -- None Available
Rojas Humberto -- Chicago Title Company
Rojas Humberto $185,000 Chicago Title Company
Great Western Servicing Llc $79,000 Accommodation
Perez Javier -- Commonwealth Title O-C
Perez Javier -- Commonwealth Title O-C
Perez Javier $315,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Global Real Estate Investment Team Llc $327,000
Open Global Real Estate Investment Team Llc $1,053,500
Previous Owner Rojas Humberto $138,750
Previous Owner Perez Javier $252,000
Closed Perez Javier $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2016 02/22/16 Sold $185,000 -7.5% $67 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $199,900 -- $72 / 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
2023 $2,604 $216,541 $52,558 $163,983
2022 $2,525 $212,296 $51,528 $160,768
2021 $2,484 $208,134 $50,518 $157,616
2020 $2,459 $206,000 $50,000 $156,000
2019 $2,343 $196,323 $42,448 $153,875
2018 $2,273 $192,474 $41,616 $150,858
2017 $2,246 $188,700 $40,800 $147,900
2016 $1,095 $85,493 $21,643 $63,850
2015 $1,079 $84,211 $21,319 $62,892
2014 $1,034 $82,563 $20,902 $61,661
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nick Benavides

    Nick Benavides, Broker

    5 Total Sales

    Nick Benavides
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15199766

California Regional Multiple Listing Service (CRMLS)

APN: 443-161-013

California Riverside County Hemet 92543

301 N Franklin St, Hemet, CA

Homes for Sale in Hemet, CA

This home is located at 301 N Franklin St, Hemet, CA 92543 since 03 February 2016 and is currently estimated at $437,239, approximately $158 per square foot. This property was built in 1922. 301 N Franklin St is a home located in Riverside County with nearby schools including Jacob Wiens Elementary School, Rancho Viejo Middle School, and Tahquitz 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

Nearby Homes