NOT LISTED FOR SALE

313 W Devonshire Ave Hemet, CA 92543

Estimated Value: $648,000 - $690,000

6 Beds
6 Baths
2,732 Sq Ft
$247/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $625,000 $229 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,262/month

6 Days on Market

Highlights

  • Neighborhood Views
  • Laundry Room
  • 6 Car Garage
  • Living Room
  • Central Heating and Cooling System
  • Turnkey

About This Home

As of October 2023

Prime Investment Opportunity! Presenting a meticulously maintained and updated triplex, each unit featuring 2 bedrooms and 2 bathrooms for comfortable living. This property is not only a home, but a strategic investment in a thriving location. With updates throughout. Conveniently located near schools, parks, and entertainment facilities, and boasting easy access to major freeways, this triplex offers the perfect blend of convenience and allure. Looking to expand your investment portfolio? The neighboring parcel, which includes another triplex, is also available for purchase. Don't miss your chance to secure a well-kept property in a sought-after area. Act now and seize this exceptional investment opportunity!

Last Agent to Sell the Property

Kevin Watson

RE/MAX TIME REALTY License #01820631 Listed on: 08/16/2023

RE/MAX TIME REALTY

Last Buyer's Agent

Kevin Watson

RE/MAX TIME REALTY License #01820631 Listed on: 08/16/2023

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,185

Year Built

  • Built in 1987

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available

Home Design

  • Triplex
  • Turnkey
  • Shingle Roof

Interior Spaces

  • 2,732 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring
  • Neighborhood Views
  • Electric Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Cable TV Not Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 43401
  • Assessor Parcel Number 443192030
  • $128 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $100
  • Water Sewer Expense $175
  • Operating Expense $2,075
  • Gross Income $32,400
  • Net Operating Income $32,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,185

Year Built

Built in 1987

Lot Details

0

Parking

6

Listing Details

  • Price Per Unit: 216333
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 175.00
  • Zoning: S1
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 443192030
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 228.77
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Not Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Individual Room, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Gross Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8276.0000 Square Feet
  • Net Operating Income: 32125.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 275.00
  • Rent Control: No
  • Total Expenses: 2075.00

Tax Info

  • Tax Census Tract: 434.01
  • Tax Lot: 2
  • Tax Tract Number: 43401
  • TaxOtherAnnualAssessmentAmount: 128.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Nov 18, 2023
Sold by
Lin Melody
Bought by
Bay Valley View Llc
Seller's Agent
Kevin Watson
RE/MAX TIME REALTY
Buyer's Agent
Kevin Watson
RE/MAX TIME REALTY
List Price
$649,000
Sold Price
$625,000
Premium/Discount to List
-$24,000
-3.7%
Views
30
Current Estimated Value
$673,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,588
Avg. Annual Appreciation
4.13%

Purchase Details

Listed on
Mar 7, 2012
Closed on
Sep 24, 2012
Sold by
Imh Properties Llc
Bought by
Mdb Holdings Llc
Seller's Agent
Loni Vogler
Vogler Feigen Realty
Buyer's Agent
Raul Pelayo
United Real Estate Pacific States
List Price
$224,900
Sold Price
$210,000
Premium/Discount to List
-$14,900
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Jul 6, 2012
Sold by
Alderson Joanne E
Bought by
Imh Properties Llc

Purchase Details

Closed on
Aug 9, 2010
Sold by
Raehl Sally M and Alderson Richard L
Bought by
Imh Properties Llc

Purchase Details

Closed on
Aug 3, 2010
Sold by
Alderson Curtiss A and Raehl Sally M
Bought by
Raehl Sally M and Alderson Richard L

Purchase Details

Closed on
Sep 4, 2002
Sold by
Harrison Isabelle M
Bought by
Harrison Isabelle

Purchase Details

Closed on
Jul 2, 2002
Sold by
Blank Michael Howard and Blank Susan Linda
Bought by
Harrison Isabelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,100
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2001
Sold by
Cunningham Sheldon W and Cunningham Judith W
Bought by
Blank Michael Howard and Blank Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2001
Sold by
Cunningham Judith
Bought by
Cunningham Sheldon W and Cunningham Judith W

Purchase Details

Closed on
Oct 13, 1994
Sold by
Cunningham Sheldon and Cunningham Judith
Bought by
Cunningham Judith

Purchase Details

Closed on
Mar 29, 1994
Sold by
Cunningham Sheldon W
Bought by
Cunningham Judith
Source: Public Records

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

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
Bay Valley View Llc -- None Listed On Document
Mdb Holdings Llc -- Chicago Title Company
Imh Properties Llc -- Chicago Title Company
Imh Properties Llc -- Chicago Title
Imh Properties Llc -- Chicago Title
Imh Properties Llc -- Chicago Title Company San Be
Imh Properties Llc -- None Available
Raehl Sally M -- None Available
Harrison Isabelle -- United Title Company
Harrison Isabelle M $183,000 United Title Company
Blank Michael Howard $120,000 United Title Company
Cunningham Sheldon W -- --
Cunningham Judith $77,442 First American Title Ins Co
Cunningham Judith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mdb Holdings Llc $100,000
Previous Owner Sharman Jerry W $77,000
Previous Owner Harrison Isabelle M $128,100
Previous Owner Blank Michael Howard $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $625,000 -3.7% $229 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/16/2023 08/16/23 For Sale $649,000 +3.8% $238 / Sq Ft
08/16/2023 08/16/23 Off Market $625,000 -- --
09/28/2012 09/28/12 Sold $210,000 -6.6% $77 / Sq Ft
09/11/2012 09/11/12 Pending -- -- --
03/07/2012 03/07/12 For Sale $224,900 -- $82 / 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 $7,185 $637,500 $102,000 $535,500
2023 $7,185 $248,544 $23,665 $224,879
2022 $2,897 $243,671 $23,201 $220,470
2021 $2,851 $238,895 $22,747 $216,148
2020 $2,823 $236,446 $22,514 $213,932
2019 $2,764 $231,811 $22,073 $209,738
2018 $2,680 $227,267 $21,641 $205,626
2017 $2,649 $222,812 $21,217 $201,595
2016 $2,631 $218,444 $20,801 $197,643
2015 $2,623 $215,165 $20,490 $194,675
2014 $2,508 $210,952 $20,090 $190,862
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23152056

California Regional Multiple Listing Service (CRMLS)

APN: 443-192-030