NOT LISTED FOR SALE

348 S Inez St Hemet, CA 92543

Estimated Value: $314,000 - $380,000

3 Beds
2 Baths
1,205 Sq Ft
$289/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $215,000 $178 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,034/month

196 Days on Market

Highlights

  • Laundry Room
  • Bungalow
  • Vinyl Flooring
  • More Than Two Accessible Exits
  • Fenced
  • Wall Furnace

About This Home

As of December 2019

Two single homes, with covered parking area. Great rental properties. Close to shopping and schools.

Last Agent to Sell the Property

John Churchill

Churchill and Associaties License #00691678 Listed on: 04/23/2019

Last Buyer's Agent

Jeff Perrin

Casta del Sol Realty License #01894219

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,205 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection
  • Tax Lot 1/16
  • Tax Tract Number 43401
  • Assessor Parcel Number 446044012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $700
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,100
  • Operating Expense $6,200
  • Gross Income $19,800
  • Net Operating Income $18,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 446044012
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 178.42
  • Room Type: Main Floor Bedroom

Exterior Features

  • Foundation: Raised, Slab
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Average1 Bed Area: 450 Square Feet
  • Average2 Bed Area: 791 Square Feet
  • Gross Income: 19800.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 18300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 1500.00
  • Rent Control: No
  • Total Actual Rent: 650.00
  • Total Expenses: 6200.00

Tax Info

  • New Taxes Expense: 3100.00
  • Tax Census Tract: 434.01
  • Tax Lot: 1/16
  • Tax Tract Number: 043401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2019
Closed on
Oct 7, 2019
Sold by
Dennis Gregory and G A Dennis 2006 Trust
Bought by
Brooks Ralph Alan
Seller's Agent
John Churchill
Churchill and Associaties
Buyer's Agent
Jeff Perrin
Casta del Sol Realty
List Price
$215,000
Sold Price
$215,000
Current Estimated Value
$347,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,808
Avg. Annual Appreciation
7.95%
Original Mortgage
$161,250
Interest Rate
3.5%

Purchase Details

Listed on
Oct 6, 2015
Closed on
Oct 27, 2015
Sold by
Fresh Start Homes
Bought by
Dennis Gregory and The Ga Dennis 2006 Trust
Seller's Agent
Chris Murray
RE/MAX Empire Properties
Buyer's Agent
William Bachelor
NON-MEMBER/NBA or BTERM OFFICE
List Price
$179,900
Sold Price
$179,000
Premium/Discount to List
-$900
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.59%

Purchase Details

Closed on
Apr 21, 2015
Sold by
Randall Christopher and Randall Judith A
Bought by
Fresh Start Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2009
Sold by
Quail Industries Llc
Bought by
Randall Christopher and Randall Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
4.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2009
Sold by
Aurora Loan Services Llc
Bought by
Quail Industries Llc

Purchase Details

Closed on
Jun 26, 2008
Sold by
Blankenship John
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 20, 2003
Sold by
Wilson Thomas F and Wilson Louise May
Bought by
Blankenship John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,850
Interest Rate
5.85%
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
Brooks Ralph Alan $215,000 Orange Coast Title
Dennis Gregory $179,000 First American Title Company
Fresh Start Homes Llc $115,000 Chicago Title Insurance Co
Randall Christopher -- None Available
Quail Industries Llc $45,000 First American Title Co Rive
Aurora Loan Services Llc $78,200 None Available
Blankenship John $63,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Ralph Alan $161,250
Previous Owner Fresh Start Homes Llc $140,000
Previous Owner Randall Christopher $63,000
Previous Owner Blankenship John $49,850
Closed Blankenship John $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2019 12/02/19 Sold $215,000 0.0% $178 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/28/2019 10/28/19 Price Changed $215,000 0.0% $178 / Sq Ft
10/28/2019 10/28/19 For Sale $215,000 -2.3% $178 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
08/08/2019 08/08/19 Price Changed $220,000 -4.3% $183 / Sq Ft
07/16/2019 07/16/19 Price Changed $230,000 -2.1% $191 / Sq Ft
07/08/2019 07/08/19 Price Changed $235,000 -4.1% $195 / Sq Ft
06/17/2019 06/17/19 Price Changed $245,000 -3.9% $203 / Sq Ft
04/29/2019 04/29/19 Price Changed $255,000 -3.8% $212 / Sq Ft
04/23/2019 04/23/19 For Sale $265,000 +48.0% $220 / Sq Ft
11/03/2015 11/03/15 Sold $179,000 -0.5% $149 / Sq Ft View Prior Sale
10/14/2015 10/14/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $179,900 -- $149 / 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 $2,693 $235,130 $47,026 $188,104
2023 $2,693 $226,000 $45,200 $180,800
2022 $2,610 $221,569 $44,314 $177,255
2021 $2,568 $217,226 $43,446 $173,780
2020 $2,547 $215,000 $43,001 $171,999
2019 $3,518 $189,955 $37,142 $152,813
2018 $2,998 $186,231 $36,414 $149,817
2017 $2,827 $182,580 $35,700 $146,880
2016 $2,148 $179,000 $35,000 $144,000
2015 $675 $49,291 $21,907 $27,384
2014 -- $48,328 $21,479 $26,849
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19092059

California Regional Multiple Listing Service (CRMLS)

APN: 446-044-012

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