NOT LISTED FOR SALE

Estimated Value: $1,174,000 - $1,326,000

8 Beds
4 Baths
3,500 Sq Ft
$353/Sq Ft Est. Value

Last Sold September 15, 2015

Last sale price $570,000 $163 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $7,382/month

22 Days on Market

Highlights

  • RV Access or Parking
  • 0.34 Acre Lot
  • Corner Lot
  • Buchanan Elementary School Rated A-
  • Fireplace in Kitchen
  • No HOA

About This Home

As of September 2015

You rarely come across a Four-unit like this in the Temecula/Murrieta area. 4- spacious 2 bedrooms & 1.5 baths with garages and plenty of extra parking. One unit is by itself over the garages and the other units have only one common wall between them. Large corner lot over 14,000 sq ft. Has a separate laundry room with coin operated machines for that extra income. Three are rented while the owner lives in the fourth unit

Great investment property with positive cash flow with 25 % down or can be used as an owner occupied property and use the rents to offset your mortgage payments.

Great location!! . Close to award winning schools, shopping ,and parks This won't last

Last Agent to Sell the Property

Joanne Bragg

Independent Properties License #00628559 Listed on: 07/15/2015

Last Buyer's Agent

Kevin Smith

First Team Real EState License #01008773

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,835

Year Built

  • Built in 1977

Lot Details

  • 0.34 Acre Lot
  • 1 Common Wall
  • Vinyl Fence
  • Stucco Fence
  • Fence is in good condition
  • Corner Lot
  • Rectangular Lot
  • Sprinkler System
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway
  • Guest Parking
  • Uncovered Parking
  • Parking Lot
  • Off-Street Parking
  • RV Access or Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 3,500 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Garden Windows
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Six Burner Stove
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Satellite Dish
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 97
  • Tax Tract Number 4476
  • Assessor Parcel Number 913202010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $2,400
  • Trash Expense $900
  • New Taxes Expense $7,429
  • Gross Income $4,485
  • Net Operating Income $37,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,835

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 16.00
  • Improvements Amount: 160717
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • View: No
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 913202010
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Tile Counters, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile, Vinyl
  • Appliances: Yes
  • Fireplace Features: Dining Room, Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 162.86
  • Room Type: Family Room, Master Bedroom
  • Window Features: Garden Window(s)

Exterior Features

  • Foundation: Slab, FHA Approved
  • Exterior Features: Awning(s), Satellite Dish, TV Antenna
  • Fencing: Good Condition, Stucco Wall, Vinyl
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Plaster, Vinyl Siding, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Guest, Off Street, Parking Space, RV Access/Parking, Garage - Single Door, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Disposal, Gas Range, Range Hood, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pets Permitted
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Land Value: 376084
  • Lot Features: Front Yard, Rectangular Lot, Lot 10000-19999 Sqft, Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 14941.00
  • Price Per Lot Square Foot: 40.02
  • Lot Size Acres: 0.3430

Rental Info

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

Multi Family

  • Average2 Bed Area: 850
  • Gross Income: 4485.00
  • Gross Multiplier: 11.18
  • Gross Scheduled Income: 53220.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 14941.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 37730.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13729.00
  • Rent Control: No
  • Total Actual Rent: 2850.00
  • Vacancy Allowance: 2661
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7429.00
  • Tax Area: 024-254
  • Tax Lot: 97
  • Tax Rate: 1.27
  • Tax Tract Number: 4476
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2015
Closed on
Aug 31, 2015
Sold by
Sarmiento George
Bought by
Hayes Frederick Prescott
Seller's Agent
Joanne Bragg
Independent Properties
Buyer's Agent
Kevin Smith
First Team Real EState
List Price
$598,000
Sold Price
$570,000
Premium/Discount to List
-$28,000
-4.68%
Current Estimated Value
$1,234,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,933
Avg. Annual Appreciation
8.07%

Purchase Details

Closed on
Jan 8, 2009
Sold by
Hewitt Jackie
Bought by
Sarmiento George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,203
Interest Rate
5.49%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2006
Sold by
The Charles A & Ann Marie Savant Family
Bought by
Madnick Renee H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 1999
Sold by
Pasquale Fusillo
Bought by
Savant Charles A and Savant Ann Marie
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hayes Frederick Prescott $570,000 Stewart Title Of Ca Inc
Sarmiento George $445,000 Chicago Title Company
Madnick Renee H $680,000 Chicago Title Company
Savant Charles A $200,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Frederick Prescott $450,000
Closed Hayes Frederick Prescott $200,000
Previous Owner Sarmiento George $430,624
Previous Owner Sarmiento George $434,775
Previous Owner Sarmiento George $436,986
Previous Owner Sarmiento George $439,203
Previous Owner Madnick Renee H $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2015 09/15/15 Sold $570,000 -4.7% $163 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $598,000 -- $171 / 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 $7,835 $674,757 $189,404 $485,353
2023 $7,835 $648,557 $182,050 $466,507
2022 $7,808 $635,841 $178,481 $457,360
2021 $7,670 $623,375 $174,982 $448,393
2020 $7,597 $616,984 $173,188 $443,796
2019 $7,459 $604,888 $169,793 $435,095
2018 $7,324 $593,028 $166,464 $426,564
2017 $7,229 $581,400 $163,200 $418,200
2016 $7,138 $570,000 $160,000 $410,000
2015 $6,087 $476,801 $160,717 $316,084
2014 $4,838 $380,000 $119,000 $261,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15159982

California Regional Multiple Listing Service (CRMLS)

APN: 913-202-010