NOT LISTED FOR SALE

403 W Latham Ave Hemet, CA 92543

Estimated Value: $415,000 - $436,355

5 Beds
3 Baths
1,778 Sq Ft
$239/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $408,000 $229 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,582/month

41 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Private Yard
  • Main Floor Primary Bedroom
  • High Ceiling
  • No HOA

About This Home

As of July 2022

Wow! 5 bedroom Building on 1/3 Acre lot with beautiful Wrap Around porch. This Highly Walkable Building has Historical Pride in Hemet. Perfect for Owner Occupant or Rental Income property. Property is currently set up as an SFR and can be converted to a duplex easily or rent as is. Commercial and Residential Zoned 9ft ceiling Building offers many possibilities for any investor. Residential zoning allows up to 5 homes. Can be used for live/work building; short term rentals; office and more. Possibilities are endless. This home features a storage basement and large attic that are additional square feet. Zoned Historical with Super Low tax rate.

Last Agent to Sell the Property

Adam Alcaraz

Coldwell Banker Realty License #01225657 Listed on: 05/12/2022

Coldwell Banker Realty

Last Buyer's Agent

Adam Alcaraz

Coldwell Banker Realty License #01225657 Listed on: 05/12/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,286

Year Built

  • Built in 1931

Lot Details

  • 0.33 Acre Lot
  • Northeast Facing Home
  • Wood Fence
  • Chain Link Fence
  • Private Yard
  • Back and Front Yard
  • Property is zoned C1

Home Design

  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,778 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Blinds
  • Family Room
  • Wood Flooring
  • Attic
  • Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • 220 Volts In Laundry
  • Gas Dryer Hookup

Parking

  • Attached Carport
  • Parking Available
  • Circular Driveway

Utilities

  • Floor Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 2 / 9
  • Assessor Parcel Number 443221001
  • $146 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,286

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 399900
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Zoning: C1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 443221001
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 229.47
  • Room Type: Attic, Basement, Family Room, Kitchen, Main Floor Master Bedroom
  • Window Features: Blinds, Skylight(s)

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport, Circular Driveway

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300

Multi Family

  • Lot Size Area: 14375.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: No

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 434.01
  • Tax Lot: 2
  • Tax Tract Number: 00-001
  • TaxOtherAnnualAssessmentAmount: 146.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 21, 2022
Sold by
Kadi Real Estate Properties Llc
Bought by
Whetstine Luis
Seller's Agent
Adam Alcaraz
Coldwell Banker Realty
Buyer's Agent
Adam Alcaraz
Coldwell Banker Realty
List Price
$399,900
Sold Price
$408,000
Premium/Discount to List
$8,100
2.03%
Current Estimated Value
$424,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,339
Avg. Annual Appreciation
1.26%
Original Mortgage
$408,000
Outstanding Balance
$388,729
Interest Rate
5.09%
Mortgage Type
VA
Estimated Equity
$35,610

Purchase Details

Listed on
Jun 30, 2021
Closed on
Oct 13, 2021
Sold by
Wong Esther and 1994 Carl Edward
Bought by
Kadi Real Estate Properties Llc
Seller's Agent
Sharon Maltby
Coldwell Banker Assoc Brkr-SC
Buyer's Agent
Adam Alcaraz
Coldwell Banker Realty
List Price
$395,000
Sold Price
$320,000
Premium/Discount to List
-$75,000
-18.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.32%
Original Mortgage
$301,080
Interest Rate
2.23%

Purchase Details

Closed on
Jul 29, 1994
Sold by
Marana Carl Edward and Marana Freeda Mae
Bought by
Edward 1994 Carl and Marana Freeda
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
Whetstine Luis $408,000 Equity Title
Kadi Real Estate Properties Llc $256,000 Chicago Title
Edward 1994 Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whetstine Luis $408,000
Previous Owner Kadi Real Estate Properties Llc $301,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $408,000 +2.0% $229 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $399,900 +25.0% $225 / Sq Ft
11/17/2021 11/17/21 Sold $320,000 -9.9% $180 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/14/2021 07/14/21 Price Changed $355,000 -10.1% $200 / Sq Ft
06/30/2021 06/30/21 For Sale $395,000 0.0% $222 / Sq Ft
01/23/2018 01/23/18 Rented $1,450 0.0% --
11/15/2017 11/15/17 Price Changed $1,450 -3.3% $1 / Sq Ft
10/17/2017 10/17/17 For Rent $1,500 -- --
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 $3,286 $424,483 $31,212 $393,271
2023 $3,286 $408,000 $30,000 $378,000
2022 $3,280 $256,000 $30,001 $225,999
2021 $557 $36,040 $17,534 $18,506
2020 $568 $35,672 $17,355 $18,317
2019 $559 $34,973 $17,015 $17,958
2018 $546 $34,288 $16,683 $17,605
2017 $542 $33,616 $16,356 $17,260
2016 $539 $32,958 $16,036 $16,922
2015 $538 $32,466 $15,797 $16,669
2014 $520 $31,833 $15,489 $16,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22100638

California Regional Multiple Listing Service (CRMLS)

APN: 443-221-001