NOT LISTED FOR SALE

308 Line St Lake Elsinore, CA 92530

Lake Elsinore Historic District Neighborhood

Estimated Value: $463,000 - $583,000

3 Beds
3 Baths
1,200 Sq Ft
$453/Sq Ft Est. Value

Last Sold March 24, 2015

Last sale price $275,000 $229 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,449/month

265 Days on Market

Highlights

  • Lake Front
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of March 2015

This is a wonderful Tri-plex property. It is currently fully rented and generating income. Great for any investor - owner or non-owner occupied. Live in one and rent the remaining units and have a lower monthly mortgage. Unit A - 2 bedroom 1 bath; Unit B - Studio; Unit C - 1 bedroom 1 bath. This property has a great return on investment. Units were last updated in 2011. Upgrades include but are not limited to: new copper plumbing, flooring, electrical work, flooring, fixtures, and windows. This property also features a laundry facility that consist of 2 washers and 2 dryers!

Last Agent to Sell the Property

Daniel Escutia

Esen Real Estate Services License #01875256 Listed on: 07/02/2014

Last Buyer's Agent

Edgar Adame

RE/MAX New Dimension License #01276216

RE/MAX New Dimension

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,467

Year Built

  • Built in 1962

Lot Details

  • 6,000 Sq Ft Lot
  • Lake Front
  • 1 Common Wall
  • Rural Setting
  • No Landscaping
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1
  • Assessor Parcel Number 373161004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Trash Expense $720
  • Water Sewer Expense $1,440
  • New Taxes Expense $1,354
  • Gross Income $2,050
  • Net Operating Income $18,086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,467

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 6.70
  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 373161004
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 229.17
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community, In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Rural

Lot Info

  • Lot Features: Level with Street, No Landscaping
  • Lot Size Sq Ft: 6000.00
  • Lot Size Acres: 0.1380

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 2050.00
  • Gross Scheduled Income: 24600.00
  • Lot Size Area: 6000.0000 Square Feet
  • Net Operating Income: 18086.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6514.00
  • Rent Control: No
  • Total Actual Rent: 1900.00
  • Waterfront Features: Lake Front

Tax Info

  • New Taxes Expense: 1354.00
  • Tax Lot: 3
  • Tax Tract Number: 001
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2022
Sold by
Yesenia Lopez
Bought by
Navarro Jose Ismael Campo
Current Estimated Value
$572,166

Purchase Details

Closed on
Nov 4, 2015
Sold by
Ramirez Juan M
Bought by
Campos Jose Ismael

Purchase Details

Listed on
Jul 2, 2014
Closed on
Mar 23, 2015
Sold by
Zukaza Llc
Bought by
Ramirez Juan M
Seller's Agent
Daniel Escutia
Esen Real Estate Services
Buyer's Agent
Edgar Adame
RE/MAX New Dimension
List Price
$269,900
Sold Price
$275,000
Premium/Discount to List
$5,100
1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$270,019
Interest Rate
3.54%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2010
Sold by
Yap Stephen
Bought by
Zukaza Llc

Purchase Details

Closed on
Oct 8, 2008
Sold by
Yap Stephen M and Burriss Yap Louree
Bought by
Yap Stephen M and Burriss Yap Louree

Purchase Details

Closed on
Jun 19, 2006
Sold by
Yap Stephen M
Bought by
Yap Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2004
Sold by
Yap Louree Burriss
Bought by
Yap Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2004
Sold by
Aplin Reese
Bought by
Yap Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 1997
Sold by
Hall Richard H and Hall Cheryle A
Bought by
Hall Ruth E
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
Navarro Jose Ismael Campo -- New Title Company Name
Campos Jose Ismael -- None Available
Ramirez Juan M $275,000 Orange Coast Title Company
Zukaza Llc -- None Available
Yap Stephen M -- None Available
Yap Stephen M -- None Available
Yap Stephen -- Southland Title
Yap Stephen M -- Chicago Title Co
Yap Stephen M $280,000 Chicago Title Co
Hall Ruth E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Juan M $270,019
Previous Owner Yap Stephen $195,000
Previous Owner Yap Stephen M $195,000
Previous Owner Aplin Reese $72,000
Closed Hall Ruth E $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2015 03/24/15 Sold $275,000 +1.9% $229 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
07/02/2014 07/02/14 For Sale $269,900 -- $225 / 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 $3,467 $332,048 $66,408 $265,640
2023 $3,467 $319,156 $63,830 $255,326
2022 $3,358 $312,899 $62,579 $250,320
2021 $3,294 $306,764 $61,352 $245,412
2020 $3,261 $303,619 $60,723 $242,896
2019 $3,200 $297,667 $59,533 $238,134
2018 $3,139 $291,831 $58,366 $233,465
2017 $3,080 $286,110 $57,222 $228,888
2016 $2,969 $280,500 $56,100 $224,400
2015 $1,587 $143,907 $37,309 $106,598
2014 $1,538 $141,090 $36,579 $104,511
Source: Public Records

Agents Affiliated with this Home

  • Daniel Escutia

    Seller's Agent in 2015

    Daniel Escutia

    Esen Real Estate Services

    (949) 702-0090

    64 Total Sales

    Section Image
  • Edgar Adame

    Buyer's Agent in 2015

    Edgar Adame

    RE/MAX

    (714) 317-2763

    89 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14139315

California Regional Multiple Listing Service (CRMLS)

APN: 373-161-004

California Riverside County Lake Elsinore 92530 Lake Elsinore Historic District

308 Line St, Lake Elsinore, CA

This home is located at 308 Line St, Lake Elsinore, CA 92530 since 02 July 2014 and is currently estimated at $543,175, approximately $452 per square foot. This property was built in 1962. 308 Line St is a home located in Riverside County with nearby schools including Railroad Canyon Elementary School, Elsinore Middle School, and Elsinore 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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