NOT LISTED FOR SALE

40141 Marcella Ln Hemet, CA 92543

Estimated Value: $402,944 - $434,000

3 Beds
2 Baths
1,483 Sq Ft
$281/Sq Ft Est. Value

Last Sold August 31, 2019

Last sale price $250,000 $169 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,433/month

12 Days on Market

Highlights

  • Wood Burning Stove
  • Bonus Room
  • Great Room
  • Main Floor Bedroom
  • Corner Lot
  • Private Yard

About This Home

As of August 2019

This completely remodeled single story home is situated on a huge corner Lot on a quiet Street. The custom designer kitchen features granite counters and stainless appliances, including a refrigerator. The kitchen opens into a large second family room with a classic wood burning stove heater. New Paint throughout! New baseboards! New Cordless Blinds! New Carpet! Remodeled Master Bath with a huge Jacuzzi soaking tub! New interior doors! New Closet Doors and much much more! The tremedous wrap around back yard has a separate fenced in dog run. This may be the best value in Hemet right now! Agents see comments

Last Agent to Sell the Property

Ryan Schneider

Alluvium Property Management License #01489578 Listed on: 07/13/2019

Last Buyer's Agent

BULENDA NEWSON

REALTY MASTERS & ASSOCIATES License #01402435

REALTY MASTERS & ASSOCIATES

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Private Yard

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,483 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Entryway
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Den with Fireplace
  • Bonus Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2923
  • Assessor Parcel Number 451163001

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: R-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 451163001
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1483.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Den, Family Room, Wood Burning, Wood Stove Insert
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 168.58
  • Room Type: All Bedrooms Down, Bonus Room, Entry, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Individual Room
  • Sewer: Septic Type Unknown
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 433.12
  • Tax Lot: 4
  • Tax Tract Number: 2923

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2019
Closed on
Jul 25, 2019
Sold by
Erickson Rachel Lea and Erickson Matthew Raymond
Bought by
Shaffer Jackie B
Seller's Agent
Ryan Schneider
Alluvium Property Management
Buyer's Agent
BULENDA NEWSON
REALTY MASTERS & ASSOCIATES
List Price
$245,000
Sold Price
$250,000
Premium/Discount to List
$5,000
2.04%
Current Estimated Value
$416,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,236
Avg. Annual Appreciation
8.32%
Original Mortgage
$245,471
Outstanding Balance
$213,616
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$202,620

Purchase Details

Closed on
Jun 1, 2017
Sold by
Schneider Harold and Schneider Helena
Bought by
Erickson Rachel Lea and Erickson Matthew Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2015
Sold by
Silverado Investments Llc
Bought by
Harold & Helena Schneider Living Trust

Purchase Details

Closed on
Jul 1, 2014
Sold by
Karas Mark A and Karas Mary Katherine
Bought by
Silverado Investment Llc

Purchase Details

Closed on
Jan 28, 2005
Sold by
Karas Mark A
Bought by
Karas Mark A and Karas Mary Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2005
Sold by
Karas Mary Katherine
Bought by
Karas Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2001
Sold by
Parker Dorothy Lynn
Bought by
Karas Mark A and Karas Mary Katherin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,260
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 1999
Sold by
Cole Lindsey B
Bought by
Parker Dorothy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
7.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 29, 1998
Sold by
Hud
Bought by
Cole Lindsey B

Purchase Details

Closed on
Feb 17, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Jan 15, 1998
Sold by
Smith Sharian Y
Bought by
Norwest Mtg Inc
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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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
Shaffer Jackie B $250,000 Ticor Ttl Orange Cnty Branch
Erickson Rachel Lea $145,000 North American Title
Harold & Helena Schneider Living Trust -- None Available
Silverado Investment Llc $130,600 None Available
Karas Mark A -- --
Karas Mark A -- United Title Company
Karas Mark A $105,000 Orange Coast Title
Parker Dorothy Lynn -- --
Cole Lindsey B $75,500 American Title
Hud -- Northern Counties Title Ins
Norwest Mtg Inc $85,970 Northern Counties Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaffer Jackie B $245,471
Previous Owner Erickson Rachel Lea $108,750
Previous Owner Karas Mark A $162,500
Previous Owner Karas Mark A $85,260
Previous Owner Parker Dorothy Lynn $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2019 08/31/19 Sold $250,000 +2.0% $169 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/13/2019 07/13/19 For Sale $245,000 -- $165 / 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 $3,072 $273,406 $39,367 $234,039
2023 $3,072 $262,791 $37,840 $224,951
2022 $2,972 $257,640 $37,099 $220,541
2021 $2,923 $252,589 $36,372 $216,217
2020 $2,888 $250,000 $36,000 $214,000
2019 $1,724 $147,900 $35,700 $112,200
2018 $1,671 $145,000 $35,000 $110,000
2017 $1,574 $135,242 $31,066 $104,176
2016 $1,562 $132,591 $30,457 $102,134
2015 $1,558 $130,600 $30,000 $100,600
2014 $1,746 $118,000 $34,000 $84,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19166417

California Regional Multiple Listing Service (CRMLS)

APN: 451-163-001