NOT LISTED FOR SALE

331 S Inez St Hemet, CA 92543

Estimated Value: $268,000 - $507,000

5 Beds
2 Baths
2,800 Sq Ft
$140/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $350,000 $125 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,289/month

65 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Wall Furnace
  • No HOA
  • 5 Car Garage
  • 1-Story Property

About This Home

As of March 2019

Fantastic opportunity to own three houses on a lot! Two houses have 3 bedrooms and 1 bath, the third house has 2 bedrooms and 1 bath. The lot also has a separate 5 door, 5 car garage. There are two combined parcels for this big one lot. Great cash flow houses with their own yards that are easy to rent because all the new shopping centers with big block name stores, fast food and dine- in restaurants and other merchants just blocks away. These houses are in the center of the city.

Last Agent to Sell the Property

Mike Trelles

Real Broker License #01176983 Listed on: 11/07/2018

Real Broker

Last Buyer's Agent

OCTAVIO LUEVANOS

REALTY WORLD DIAMOND License #02020445

REALTY WORLD DIAMOND

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,559

Year Built

  • Built in 1947

Lot Details

  • 0.33 Acre Lot
  • Density is 2-5 Units/Acre
  • Property is zoned R2

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, electricity, grounds care, gas, janitorial service, water
  • Legal Lot and Block 6 / C
  • Assessor Parcel Number 446043019

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,559

Year Built

Built in 1947

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Other Phone Description: 714-398-4542
  • Property Attached: No
  • View: No
  • Zoning: R2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 446043019
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Concrete, Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 125.00
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Available, Natural Gas Available, Phone Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 14500.00
  • Lot Size Acres: 0.3329

Rental Info

  • Tenant Pays: All Utilities, Electricity, Grounds Care, Gas, Janitorial Service, Water

Multi Family

  • Average2 Bed Area: 984 Square Feet
  • Average3 Bed Area: 1554 Square Feet
  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 14500.0000 Square Feet
  • Net Operating Income: 37596.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 6504.00
  • Rent Control: No
  • Total Actual Rent: 3675.00
  • Total Expenses: 6512.00

Tax Info

  • New Taxes Expense: 5312.00
  • Tax Block: C
  • Tax Census Tract: 434.01
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2016
Closed on
Apr 13, 2016
Sold by
Hayden Investments Llc
Bought by
Gil Renato
Seller's Agent
MONIQUE BERNADEL
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Buyer's Agent
David Guizado
First Family Homes
List Price
$325,000
Sold Price
$349,000
Premium/Discount to List
$24,000
7.38%
Current Estimated Value
$391,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,667
Avg. Annual Appreciation
1.23%
Original Mortgage
$260,000
Interest Rate
3.68%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 3, 2016
Closed on
Mar 17, 2016
Sold by
Gil Olvia Martina
Bought by
Gil Renato
Seller's Agent
MONIQUE BERNADEL
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Buyer's Agent
David Guizado
First Family Homes
List Price
$325,000
Sold Price
$349,000
Premium/Discount to List
$24,000
7.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2012
Sold by
Higgs Steve
Bought by
Hayden Investments Llc

Purchase Details

Closed on
Mar 1, 2011
Sold by
Lewis Sidney D
Bought by
Higgs Steve

Purchase Details

Closed on
Feb 20, 2008
Sold by
Lewis Sidney D
Bought by
Hemet 3 Trust

Purchase Details

Closed on
Nov 1, 2006
Sold by
Martinez Fernando and Martinez Carmen
Bought by
Lewis Sidney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,950
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2001
Sold by
Martinez Maria Delcarmen
Bought by
Martinez Fernando

Purchase Details

Closed on
Jan 30, 2001
Sold by
Crane Donald F and Crane Joyce E
Bought by
Martinez Fernando

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
7.09%
Mortgage Type
Commercial
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
Gil Renato $349,000 Chicago Title Company
Gil Renato -- Chicago Title Company
Hayden Investments Llc -- None Available
Higgs Steve $58,000 None Available
Higgs Steve -- Lawyers Title Co
Lewis Sidney D -- Lawyers Title Co
Hemet 3 Trust -- Dri Title Services
Lewis Sidney $280,000 First American Title Company
Martinez Fernando -- Orange Coast Title
Martinez Fernando $125,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gil Renato $260,000
Previous Owner Lewis Sidney $27,950
Previous Owner Lewis Sidney $224,000
Previous Owner Martinez Fernando $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $350,000 -2.8% $125 / Sq Ft
02/15/2019 02/15/19 For Sale $359,950 0.0% $129 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
11/14/2018 11/14/18 Price Changed $359,950 -9.8% $129 / Sq Ft
11/07/2018 11/07/18 For Sale $399,000 +14.3% $143 / Sq Ft
04/19/2016 04/19/16 Sold $349,000 +7.4% $138 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
10/06/2015 10/06/15 For Sale $325,000 -- $128 / 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 $2,559 $223,097 $39,040 $184,057
2023 $2,559 $214,436 $37,525 $176,911
2022 $2,481 $210,233 $36,790 $173,443
2021 $2,441 $206,112 $36,069 $170,043
2020 $2,422 $204,000 $35,700 $168,300
2019 $2,497 $211,179 $31,836 $179,343
2018 $2,421 $207,039 $31,212 $175,827
2017 $2,570 $202,980 $30,600 $172,380
2016 $821 $62,766 $21,643 $41,123
2015 $819 $61,825 $21,319 $40,506
2014 $786 $60,615 $20,902 $39,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18270026

California Regional Multiple Listing Service (CRMLS)

APN: 446-043-019