NOT LISTED FOR SALE

320 N Palm Ave Hemet, CA 92543

Estimated Value: $483,000 - $509,000

6 Beds
4 Baths
2,244 Sq Ft
$220/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $300,000 $134 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,857/month

52 Days on Market

About This Home

As of July 2019

Each unit has THREE bedrooms and TWO bathrooms. Roof was replaced last year. Both units have long term tenants who pay $995 per month. This property would be great for a buyer to live in one unit and rent the other.

Last Agent to Sell the Property

Carter Kaufman

Compass License #01968622 Listed on: 04/16/2019

Compass

Last Buyer's Agent

Rosa Maraboto

Professional Realty License #01012912

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • 2,244 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 434
  • Assessor Parcel Number 443101033

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Professional Management Expense $2,376
  • Trash Expense $500
  • Water Sewer Expense $3,000
  • New Taxes Expense $2,900
  • Operating Expense $9,976
  • Gross Income $23,880
  • Net Operating Income $13,904

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2376.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 443101033
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 133.69

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Average3 Bed Area: 1122 Square Feet
  • Gross Income: 23880.00
  • Gross Scheduled Income: 23880.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 13904.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 9976.00
  • Rent Control: No
  • Total Actual Rent: 1790.00
  • Total Expenses: 9976.00

Tax Info

  • New Taxes Expense: 2900.00
  • Tax Lot: 2
  • Tax Tract Number: 434.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2019
Sold by
Hernandez Rosa Angelica
Bought by
Cozy Properties Inc
Current Estimated Value
$494,576

Purchase Details

Listed on
Apr 16, 2019
Closed on
Jul 17, 2019
Sold by
Kaufman Carter and Kaufman Stephanie
Bought by
Hernandez Rosa Angelica
Seller's Agent
Carter Kaufman
Compass
Buyer's Agent
Rosa Maraboto
Professional Realty
List Price
$289,000
Sold Price
$300,000
Premium/Discount to List
$11,000
3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$221,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 16, 2019
Closed on
Jun 24, 2019
Sold by
Murillo Noel
Bought by
Hernandez Rosa Angelica
Seller's Agent
Carter Kaufman
Compass
Buyer's Agent
Rosa Maraboto
Professional Realty
List Price
$289,000
Sold Price
$300,000
Premium/Discount to List
$11,000
3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2018
Sold by
Napoli Joseph C and Louise Napoli E
Bought by
Kaufman Carter and Kaufman Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2002
Sold by
Napoli Joseph C and Louise Napoli E
Bought by
Napoli Joseph C and Louise Napoli E

Purchase Details

Closed on
Aug 6, 2001
Sold by
Napoli Joseph C and Louise Napoli E
Bought by
Napoli Joseph C and Louise Napoli E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cozy Properties Inc -- None Available
Hernandez Rosa Angelica $300,000 Chicago Title Company
Hernandez Rosa Angelica -- Chicago Title Company
Kaufman Carter $210,000 Chicago Title Company
Napoli Joseph C -- --
Napoli Joseph C -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Rosa Angelica $221,250
Previous Owner Kaufman Carter $189,000
Previous Owner Napoli Joseph C $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $300,000 +3.8% $134 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $289,000 -- $129 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,745 $328,088 $82,022 $246,066
2023 $3,745 $315,350 $78,838 $236,512
2022 $3,629 $309,168 $77,293 $231,875
2021 $3,569 $303,107 $75,778 $227,329
2020 $3,532 $300,000 $75,001 $224,999
2019 $2,551 $214,199 $50,997 $163,202
2018 $1,255 $101,016 $19,823 $81,193
2017 $1,241 $99,036 $19,435 $79,601
2016 $1,233 $97,095 $19,054 $78,041
2015 $1,230 $95,639 $18,769 $76,870
2014 $1,179 $93,767 $18,402 $75,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19084554

California Regional Multiple Listing Service (CRMLS)

APN: 443-101-033

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