NOT LISTED FOR SALE

324 E Kimball Ave Hemet, CA 92543

Downtown Hemet Neighborhood

Estimated Value: $374,126 - $535,000

4 Beds
2 Baths
1,600 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $225,000 $141 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,662/month

304 Days on Market

Highlights

  • Corner Lot
  • Fireplace
  • Wall Furnace
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2017

A SOLID INVESTMENT! This duplex property has been remodeled inside and out. Each unit has 2 bedrooms, 1 bath, a one-car garage. Located in central Hemet, close to everything in a nice neighborhood. Typical rent paid by both units averages $1550 per month. Tenants may stay with the property for the new owner. (Each unit of this building has a separate address: unit at the South end facing Kimball is 324 E Kimball, the other on the North end is 153 S. Juanita, but the whole building has the same APN.)

Last Agent to Sell the Property

Walter Stoermer

Realty ONE Group Southwest License #01291658 Listed on: 05/17/2016

Last Buyer's Agent

Maximillian Ortiz

Corona Homes Realty License #01316854

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1910

Lot Details

  • 5,464 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Parking Lot

Home Design

  • Duplex

Interior Spaces

  • 1,600 Sq Ft Home
  • Fireplace
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Standard Electricity
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 16
  • Tax Tract Number 434
  • Assessor Parcel Number 443283016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,050
  • Professional Management Expense $600
  • Gross Income $18,600
  • Net Operating Income $16,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,923

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 443283016
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 140.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage - Two Door, On Site, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Appliances: Dishwasher
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5464.00
  • Price Per Lot Square Foot: 41.18

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 18600.00
  • Gross Scheduled Income: 18600.00
  • Insurance Expense: 1050.00
  • Net Operating Income: 16600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Operating Expense: 2000.00
  • Rent Control: No
  • Total Actual Rent: 1550.00

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 434.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2017
Sold by
Xu Hong Tao and Yang Li Hong
Bought by
Ramirez Rosa Evelia
Current Estimated Value
$441,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 8, 2013
Closed on
Feb 11, 2014
Sold by
Fresh Start Homes Llc
Bought by
Xu Hongtao and Yang Lihong
Seller's Agent
Chris Murray
RE/MAX Empire Properties
Buyer's Agent
Lillian Huang
Temecula Hills Realty
List Price
$184,900
Sold Price
$185,900
Premium/Discount to List
$1,000
0.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%

Purchase Details

Listed on
Apr 29, 2013
Closed on
May 20, 2013
Sold by
Mittrick Carolyn and Mittrick Heidi
Bought by
Fresh Start Homes Llc
Seller's Agent
Kimberly Nikmanesh
Kimberly Nikmanesh Real Estate
Buyer's Agent
Larry Bubley
Brubaker Culton R.E. & Dev.
List Price
$98,500
Sold Price
$85,000
Premium/Discount to List
-$13,500
-13.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
205.85%
Original Mortgage
$120,750
Interest Rate
3.38%
Mortgage Type
New Conventional
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
Ramirez Rosa Evelia $225,000 Orange Coast Title Co
Xu Hongtao $186,000 Chicago Title Inland Empire
Fresh Start Homes Llc $85,000 Priority Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Rosa Evelia $220,924
Previous Owner Fresh Start Homes Llc $3,000
Previous Owner Fresh Start Homes Llc $147,000
Previous Owner Fresh Start Homes Llc $120,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2017 08/18/17 Sold $225,000 0.0% $141 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
02/09/2017 02/09/17 For Sale $225,000 0.0% $141 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
11/03/2016 11/03/16 For Sale $225,000 0.0% $141 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
05/17/2016 05/17/16 For Sale $225,000 +21.0% $141 / Sq Ft
02/14/2014 02/14/14 Sold $185,900 +0.5% $116 / Sq Ft
02/06/2014 02/06/14 Pending -- -- --
12/08/2013 12/08/13 For Sale $184,900 +117.5% $116 / Sq Ft
06/05/2013 06/05/13 Sold $85,000 -13.7% $53 / Sq Ft
05/13/2013 05/13/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $98,500 -- $62 / 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 $2,923 $256,007 $51,200 $204,807
2023 $2,923 $246,068 $49,213 $196,855
2022 $2,833 $241,245 $48,249 $192,996
2021 $2,852 $236,515 $47,303 $189,212
2020 $2,763 $234,090 $46,818 $187,272
2019 $2,704 $229,500 $45,900 $183,600
2018 $2,622 $225,000 $45,000 $180,000
2017 $2,467 $196,353 $42,248 $154,105
2016 $2,401 $192,504 $41,420 $151,084
2015 $2,295 $189,614 $40,799 $148,815
2014 $1,079 $86,700 $30,600 $56,100
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2017

    Walter Stoermer

    Realty ONE Group Southwest

    Section Image
  • Maximillian Ortiz

    Buyer's Agent in 2017

    Maximillian Ortiz

    Corona Homes Realty

    (714) 420-7406

    42 Total Sales

    Section Image
  • Chris Murray

    Seller's Agent in 2014

    Chris Murray

    RE/MAX

    (951) 291-0335

    266 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Andrea Murray

    RE/MAX

    (951) 487-7007

    205 Total Sales

    Section Image

  • L

    Buyer's Agent in 2014

    Lillian Huang

    Temecula Hills Realty

    (949) 331-7999

    13 Total Sales

    Section Image

  • K

    Seller's Agent in 2013

    Kimberly Nikmanesh

    Kimberly Nikmanesh Real Estate

    (951) 850-9381

    9 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16106891

California Regional Multiple Listing Service (CRMLS)

APN: 443-283-016

California Riverside County Hemet 92543 Downtown Hemet

324 E Kimball Ave, Hemet, CA

This home is located at 324 E Kimball Ave, Hemet, CA 92543 since 17 May 2016 and is currently estimated at $466,532, approximately $291 per square foot. This property was built in 1910. 324 E Kimball Ave is a home located in Riverside County with nearby schools including Jacob Wiens Elementary School, Acacia Middle School, and West Valley 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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