NOT LISTED FOR SALE

Estimated Value: $480,000 - $654,000

4 Beds
4 Baths
2,000 Sq Ft
$263/Sq Ft Est. Value

Last Sold February 25, 2016

Last sale price $240,000 $120 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,105/month

61 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 1-Story Property
  • Foothills
  • Level Lot

About This Home

As of February 2016

6% cap rate on this duplex with a 2 bedroom 2 bath in unit #1 and 2 bedroom 2 bath in #2. Both units have a garage each.
Total of 4 bedrooms and 4 bathrooms with 2 car garage spaces and driveway parking a see below for showing instructions.
New paint. New appliances and a carpet allowance. See below for showing instructions.

Last Agent to Sell the Property

John Lewis

Realty Executives Temecula License #01168291 Listed on: 02/02/2016

Realty Executives Temecula

Last Buyer's Agent

Jose Gomez

Keller Williams, The Lakes License #01513841

Keller Williams, The Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,877

Year Built

  • Built in 1979

Lot Details

  • 5,283 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care
  • Tax Lot 27
  • Assessor Parcel Number 387092049

Community Details

Overview

  • 2 Units
  • Foothills

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $408
  • Water Sewer Expense $1,440
  • New Taxes Expense $1,508
  • Gross Income $1,700
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,877

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 387092049
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level No Steps
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 120.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Trash Expense: 408.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Foothills

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5283.00
  • Price Per Lot Square Foot: 45.43
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care

Multi Family

  • Gross Income: 1700.00
  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5283.0000 Square Feet
  • Net Operating Income: 20400.00
  • Number Of Rented Garages: 2
  • 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
  • Rent Control: No
  • Total Actual Rent: 1700.00

Tax Info

  • New Taxes Expense: 1508.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2020
Sold by
Navar Samuel
Bought by
Navar Samuel and Navar Juana
Current Estimated Value
$525,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Outstanding Balance
$232,590
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$293,185

Purchase Details

Listed on
Feb 2, 2016
Closed on
Jan 15, 2016
Sold by
Navar Juana
Bought by
Navar Samuel
Seller's Agent
John Lewis
Realty Executives Temecula
Buyer's Agent
Jose Gomez
Keller Williams, The Lakes
List Price
$245,000
Sold Price
$240,000
Premium/Discount to List
-$5,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%
Original Mortgage
$180,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2015
Sold by
Robinson Daniel W and Robinson Patricia M
Bought by
Navar Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2000
Sold by
Juarez David L and Juarez Maria M
Bought by
Robinson Daniel W and Robinson Patricia M

Purchase Details

Closed on
Sep 5, 1998
Sold by
Daniel Robinson and Daniel Patricia Robinson
Bought by
Robinson Daniel W and Robinson Patricia M
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
Navar Samuel -- Wfg National Title Ins Co
Navar Samuel -- Ticor Title
Navar Samuel $240,000 Ticor Title
Robinson Daniel W -- --
Robinson Daniel W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navar Samuel $261,000
Closed Navar Samuel $255,500
Previous Owner Navar Samuel $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2016 02/25/16 Sold $240,000 -2.0% $120 / Sq Ft
12/08/2015 12/08/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $245,000 -- $123 / 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 $2,877 $284,105 $118,377 $165,728
2023 $2,877 $273,075 $113,781 $159,294
2022 $2,785 $267,721 $111,550 $156,171
2021 $2,730 $262,472 $109,363 $153,109
2020 $2,703 $259,782 $108,242 $151,540
2019 $2,650 $254,689 $106,120 $148,569
2018 $2,598 $249,696 $104,040 $145,656
2017 $2,547 $244,800 $102,000 $142,800
2016 $1,575 $153,775 $28,111 $125,664
2015 $1,557 $151,467 $27,690 $123,777
2014 $1,509 $148,502 $27,149 $121,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15221268

California Regional Multiple Listing Service (CRMLS)

APN: 387-092-049