NOT LISTED FOR SALE

Estimated Value: $490,000 - $577,000

3 Beds
2 Baths
1,080 Sq Ft
$505/Sq Ft Est. Value

Last Sold July 30, 2019

Last sale price $350,000 $324 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,283/month

14 Days on Market

Highlights

  • No HOA
  • No Heating
  • 4-minute walk to Swick and Matich Park
  • Laundry Room
  • 1-Story Property

About This Home

As of July 2019

DUPLEX, DUPLEX, DUPLEX. Two units with immediate Income. CAP RATE of 5.98%. Each unit individually metered in the heart of Lake Elsinore. Nice size lot of 6,098 SF. Literally a three minute walk to Main St. Downtown Lake Elsinore. Low taxes no HOA. This property is centrally located in Lake Elsinore close to shops, schools, restaurants, and freeways.

Last Agent to Sell the Property

Juan Haro

Signature Realty & Loans License #01939524 Listed on: 06/12/2019

Last Buyer's Agent

Yolanda Munoz

Century 21 A Better Service License #01774514

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,018

Year Built

  • Built in 1947

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 1820
  • Tax Tract Number 43006
  • Assessor Parcel Number 374171002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $697
  • Trash Expense $660
  • Water Sewer Expense $1,500
  • New Taxes Expense $1,861
  • Operating Expense $4,718
  • Gross Income $21,900
  • Net Operating Income $17,182

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,018

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Other Phone Description: 5622918195
  • Other Phone Number: 562-291-8195
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 374171002
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 324.07

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 660.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 21900.00
  • Gross Scheduled Income: 21900.00
  • Insurance Expense: 697.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 17182.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4718.00
  • Rent Control: No
  • Total Expenses: 4718.00

Tax Info

  • New Taxes Expense: 1861.00
  • Tax Census Tract: 430.06
  • Tax Lot: 1820
  • Tax Tract Number: 043006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 25, 2019
Sold by
Diaz Jose and Diaz Jose Luis
Bought by
Aldaz Maria P and Aldaz Pedro
Seller's Agent
Juan Haro
Signature Realty & Loans
Buyer's Agent
Yolanda Munoz
Century 21 A Better Service
List Price
$349,000
Sold Price
$350,000
Premium/Discount to List
$1,000
0.29%
Current Estimated Value
$545,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,205
Avg. Annual Appreciation
7.52%
Original Mortgage
$343,660
Outstanding Balance
$302,243
Interest Rate
3.8%
Mortgage Type
FHA
Estimated Equity
$242,962

Purchase Details

Closed on
Nov 8, 2016
Sold by
Haro Juan and Haro Maria
Bought by
Diaz Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2015
Sold by
Haro Juan and Haro Maria
Bought by
Haro Family Trust

Purchase Details

Listed on
Oct 17, 2014
Closed on
Nov 21, 2014
Sold by
Haro Juan
Bought by
Haro Maria
Seller's Agent
Michael Vito
Prime Home Realty
Buyer's Agent
Michael Vito
Prime Home Realty
List Price
$159,000
Sold Price
$159,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.17%

Purchase Details

Listed on
Oct 17, 2014
Closed on
Oct 27, 2014
Sold by
Vito Michael and Vito Merceditas
Bought by
Diaz Jose Luis and Haro Maria
Seller's Agent
Michael Vito
Prime Home Realty
Buyer's Agent
Michael Vito
Prime Home Realty
List Price
$159,000
Sold Price
$159,000

Purchase Details

Closed on
Aug 4, 2014
Sold by
Vito Merceditas
Bought by
Vito Michael and Vito Merceditas

Purchase Details

Closed on
Jul 15, 2011
Sold by
Terrill Nestor and Terrill Angelica
Bought by
Vito Merceditas

Purchase Details

Closed on
Jun 8, 2007
Sold by
Odonoghue Dennis and Odonoghue Katherine
Bought by
Terrill Nestor and Terrill Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2004
Sold by
Bowe M Joseph and Curcuru Philip
Bought by
Odonoghue Dennis and Odonoghue Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,900
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2002
Sold by
Quesada Leon
Bought by
Bowe M Joseph and Curcuru Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 1999
Sold by
Morones Anthony and Morones Irene
Bought by
Quesada Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
7.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 1993
Sold by
Pacific Thrift & Loan Company
Bought by
Morones Manuel and Morones Evangeline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.2%
Mortgage Type
Seller Take Back
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
Aldaz Maria P $350,000 California Title Company
Diaz Jose -- Unisource
Haro Family Trust -- None Available
Haro Juan -- None Available
Haro Maria -- None Available
Diaz Jose Luis $159,000 Pacific Coast Title Company
Vito Michael -- None Available
Vito Merceditas $61,000 None Available
Terrill Nestor $300,000 Equity Title Company
Odonoghue Dennis $226,000 First American Title Co
Bowe M Joseph $100,000 --
Quesada Leon $79,000 South Coast Title
Morones Manuel $50,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aldaz Maria P $343,660
Previous Owner Diaz Jose $147,000
Previous Owner Terrill Nestor $240,000
Previous Owner Odonoghue Dennis $202,200
Previous Owner Odonoghue Dennis $172,900
Previous Owner Bowe M Joseph $93,100
Previous Owner Bowe M Joseph $80,000
Previous Owner Quesada Leon $62,400
Previous Owner Morones Manuel $45,000
Closed Quesada Leon $15,800
Closed Odonoghue Dennis $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2019 07/30/19 Sold $350,000 +0.3% $324 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $349,000 +119.5% $323 / Sq Ft
12/15/2014 12/15/14 Sold $159,000 0.0% $147 / Sq Ft
10/29/2014 10/29/14 Pending -- -- --
10/17/2014 10/17/14 For Sale $159,000 -- $147 / 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 $4,018 $382,772 $82,021 $300,751
2023 $4,018 $367,910 $78,837 $289,073
2022 $3,892 $360,697 $77,292 $283,405
2021 $3,818 $353,626 $75,777 $277,849
2020 $3,781 $350,000 $75,000 $275,000
2019 $1,959 $174,085 $63,348 $110,737
2018 $1,923 $170,672 $62,106 $108,566
2017 $1,861 $164,652 $51,777 $112,875
2016 $1,797 $161,424 $50,762 $110,662
2015 $1,778 $159,000 $50,000 $109,000
2014 $1,132 $97,339 $30,738 $66,601
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19139092

California Regional Multiple Listing Service (CRMLS)

APN: 374-171-002