NOT LISTED FOR SALE

Estimated Value: $758,009 - $950,000

3 Beds
3 Baths
3,300 Sq Ft
$265/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $577,000 $175 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,267/month

89 Days on Market

Highlights

  • Access To Lake
  • Main Floor Primary Bedroom
  • No HOA
  • Community Lake
  • Private Yard
  • 3-minute walk to Yarborough Park

About This Home

As of December 2019

** DO NOT DISTURB OCCUPANTS, LARGE DOG ON THE PROPERTY, NO TRESPASSING**
Home Owners & Investors. This is a One In A Lifetime Opportunity To Own a Duplex (Live In One And Rent The Other). Separately Metered for Gas, Electric and Water. This Darling Two Story Duplex Built in 2009 Offers Two Identical Units Offering 1600SF (each) of Comfortable Living Space With Three Bedrooms and Three Bathrooms, EnSuite Master On The Main Level With a His and Her Walk-In Closets. Some of The Extras Are, Living Room with Fireplace, Individual Laundry Room, Two Car Attached Garage With Direct Access, Granite Counter Tops in Kitchen, Upgraded Stainless Steel Appliances. This Income Generating Property is Only Half a Mile to The Lake, Close to Shopping, Restaurants and Old Town Lake Elsinore. Qualifies for Conventional, VA and FHA Loans.

Last Agent to Sell the Property

Nahi Abraham

Century 21 Affiliated Brokerage Phone: 714-227-9082 License #01912311 Listed on: 08/09/2019

Century 21 Affiliated

Last Buyer's Agent

Janet Pak

BK Platinum Properties License #01184630

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,522

Year Built

  • Built in 2009 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Turnkey
  • Slab Foundation
  • Interior Block Wall

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Jack-and-Jill Bathroom
  • 3 Bathrooms

Outdoor Features

  • Access To Lake

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 14 / 60
  • Tax Tract Number 1
  • Assessor Parcel Number 374044022

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Community Lake

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,040
  • Trash Expense $100
  • Water Sewer Expense $80
  • New Taxes Expense $7,020
  • Operating Expense $8,240
  • Gross Income $40,680
  • Net Operating Income $36,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,522

Year Built

Built in 2009 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 80.00
  • Zoning: R2
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 374044022
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Block Walls
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 174.85
  • Room Type: Jack & Jill, Main Floor Primary Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Lake, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Level with Street, Level, Paved, Yard
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 40680.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 1040.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 36760.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 8240.00
  • Rent Control: No
  • Total Expenses: 8240.00
  • Waterfront Features: Lake

Tax Info

  • New Taxes Expense: 7020.00
  • Tax Block: 60
  • Tax Census Tract: 430.06
  • Tax Lot: 14
  • Tax Tract Number: 001/04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2019
Sold by
Abraham Nahi Joseph
Bought by
Perez Florencio C and Perez Gisela L
Current Estimated Value
$873,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2019
Sold by
Zabanah Aamal Joseph Moosa
Bought by
Abraham Nahi Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2012
Sold by
Zabanah Aamal Joseph Moosa and Zabanch Nawal J
Bought by
Zabanah Aamal Joseph

Purchase Details

Closed on
Aug 8, 2011
Sold by
Akleh Isa Subhi Isa
Bought by
Zabanah Aamal Joseph Moosa

Purchase Details

Closed on
Jul 11, 2011
Sold by
Bowermaster & Associates Insurance Agenc
Bought by
Zabanah Aamal Joseph Moosa and Zabaneh Nawal J

Purchase Details

Closed on
Jul 12, 2005
Sold by
Germon Patrick Dennis
Bought by
B T Development Co Inc

Purchase Details

Closed on
May 29, 2002
Sold by
Leonard A R and Barker Elliot
Bought by
Germon Patrick Dennis
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Perez Florencio C $577,000 Fidelity Natl Ttl Orange Cnt
Abraham Nahi Joseph -- Accommodation
Zabanah Aamal Joseph -- None Available
Zabanah Aamal Joseph Moosa -- None Available
Zabaneh Nawal J -- None Available
Zabanah Aamal Joseph Moosa $297,000 None Available
Bowermaster & Associates Insurance Agenc -- None Available
B T Development Co Inc $80,000 Chicago Title Company
Germon Patrick Dennis $10,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Florencio C $431,250
Previous Owner Bt Development Co Inc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $577,000 -0.5% $175 / Sq Ft
11/06/2019 11/06/19 Pending -- -- --
10/28/2019 10/28/19 Price Changed $580,000 +1.8% $176 / Sq Ft
08/09/2019 08/09/19 For Sale $570,000 0.0% $173 / Sq Ft
03/07/2015 03/07/15 Rented $1,400 0.0% --
03/07/2015 03/07/15 For Rent $1,400 -- --
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 $6,522 $631,028 $82,021 $549,007
2023 $6,522 $606,527 $78,837 $527,690
2022 $6,316 $594,636 $77,292 $517,344
2021 $6,194 $582,977 $75,777 $507,200
2020 $6,132 $577,000 $75,000 $502,000
2019 $3,749 $334,408 $84,443 $249,965
2018 $3,552 $327,852 $82,789 $245,063
2017 $3,485 $321,424 $81,166 $240,258
2016 $3,360 $315,123 $79,575 $235,548
2015 $3,376 $310,392 $78,381 $232,011
2014 $3,279 $304,314 $76,847 $227,467
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19190666

California Regional Multiple Listing Service (CRMLS)

APN: 374-044-022