NOT LISTED FOR SALE

40420 Mayberry Ave Hemet, CA 92544

Estimated Value: $202,307

0.92 Acre
$219,899 Price per Acre
40,075 Sq Ft Lot

Last Sold March 03, 2021

Last sale price $148,000

Est. 37% increase in value since last sale

Current estimated payment $1,249/month

367 Days on Market

Highlights

  • 0.92 Acre Lot
  • Wood Fence
  • Paved or Partially Paved Lot

About This Lot

As of March 2021

PRICE REDUCED! Nearly 1 Acre of Prime Muti-family Residential Flat Land in the Heart of Hemet! Zoned R-3, For up to 5 Buildable Units! 40,075 Square Feet (.92 Acres), Completely Fenced with Beautiful Mature Tree's on Site. On Paved Street with Curbs & Street Lights, 101 Feet of Road Frontage and All Utilities Available: Electric, Water, Gas, Sewer, Telephone & Cable! Easy Owner Financing Available, with Flexible Terms! Single Family Home Use Allowed, As well as for Horses, with Plenty of Parking for RV's, Trailers, Boats, Etc! Rare Opportunity to Own R-3 Commercial Land in the Heart of Hemet! Request to Change Existing Medium Density Residential to High Density Residential for 6-14 Units Per Acre!! Additional Possible Commercial Uses Include; Mobile Home Parks, Hotels / Motels, Offices, Parking for Commercial Uses, Residential Care Facilities, Planned Unit Developments, Apartments, Home Businesses, Churches, Nurseries, Greenhouses & More (Buyer To Verify). Owner Motivated & Priced to Sell! Riverside County APN # 447-052-043. Aerial Drone Video Available!

Last Agent to Sell the Property

Adam Ahmed

License #01413750 Listed on: 02/24/2020

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #0

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,785

Lot Details

  • 0.92 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Perimeter Fence
  • Fence is in good condition
  • Paved or Partially Paved Lot
  • Level Lot
  • Irregular Lot
  • Property is zoned R-3

Utilities

  • Overhead Utilities
  • Property is located within a water district
  • Phone Available

Additional Features

  • Electricity Available at Street
  • City Lot

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 447-052-043

Property Details

Property Type

Land

Est. Annual Taxes

$1,785

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: 433.08
  • Lp Sp Ratio: 1.0000
  • Water District Name: Lake Hemet Municipal Water District
  • Internal Listing I D: 20200225041809409423000000
  • Listing I D: 219039585
  • Listing Member Address: P.O. Box 8181, La Verne, CA 91750
  • Listing Member Fax: (760) 565-5515
  • Listing Office Address: P.O. Box 8181, La Verne, CA 91750
  • Listing Office Fax: (760) 565-5515
  • List Office Board Code: California Desert Association of Realtors
  • Selling Office Address: 3690 ELIZABETH STREET, RIVERSIDE, CA 92506
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: City Street
  • Fencing: Chain Link, Wood, Perimeter
  • Street Lights: Yes

Utilities

  • Telephone Service: In Street
  • Sewer: Public Hookup Available
  • Water: In Street, Water District
  • Telephone: Yes
  • Utilities: Electricity Available, Water Available, Phone Available, Sewer Available, In Street, Overhead Utilities, Natural Gas Available

Condo/Co-op/Association

  • Public Street: Yes

Lot Info

  • Present Use: Investment, Vacant, Residential, Single Family, Multi-Family
  • Units Per Acre: 2-5 Units/Acre
  • Assessor Parcel Number: 447052043
  • Lot Acres: 0.9200
  • Lot Size: 40075.00
  • Land Info Cleared: Cleared Land
  • Land Info Fence Condition: Good
  • Assessor Parcel Number: 447-052-043
  • Land Info Topography: Flat
  • Land Info Trees: Two Large Tree's at Entrance
  • Land Info Units Per Acre: 5
  • Land Misc Usable Land Percent: 100.00
  • List Price per Acre: 182608.70
  • Lot Features: Curbs, Single Lot, Street Public, Street Paved, Street Lighting, Raw Land, Irregular Lot, Level, Fenced
  • Potential Use: Multi-Family
  • Site: City

Rental Info

  • Land Lease Type: Fee Simple

Tax Info

  • Tax Legal Lot Number: 4
  • Tax Legal Tract Number: 433.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Apr 20, 2021
Sold by
Garcia Sally O
Bought by
American Pacific Investments Llc
Seller's Agent
Adam Ahmed
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$228,000
Sold Price
$148,000
Premium/Discount to List
-$80,000
-35.09%
Current Estimated Value
$202,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,307
Avg. Annual Appreciation
7.23%

Purchase Details

Listed on
Feb 24, 2020
Closed on
Feb 18, 2021
Sold by
American Pacific Inv Llc
Bought by
Pena Salvador and Ramirez Oswaldo Ezequiel
Seller's Agent
Adam Ahmed
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$228,000
Sold Price
$148,000
Premium/Discount to List
-$80,000
-35.09%

Purchase Details

Closed on
Jun 4, 2019
Sold by
Garcia Sally O
Bought by
American Pacific Investments Llc

Purchase Details

Closed on
Nov 16, 2006
Sold by
Schuchman Ryan
Bought by
Garcia Sally O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2006
Sold by
Lincoln Trust Co
Bought by
Garcia Sally O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2003
Sold by
Patel Parbhubhai Lallubhai and Patel Maliben Parbhubhai
Bought by
Lincoln Trust Company Custodian

Purchase Details

Closed on
Oct 14, 2003
Sold by
Patel Parbhubhai Lallubhai and Patel Maliben Parbhubhai
Bought by
Patel Mahash

Purchase Details

Closed on
Nov 13, 2002
Sold by
Patel Parbhubhai and Patel Maliben
Bought by
Patel Parbhubhai Lallubhai and Patel Maliben Parbhubhai
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
American Pacific Investments Llc -- None Available
Pena Salvador $148,000 Orange Coast Title
Pena Salvador -- Orange Coast Ttl Lender Svcs
Pena Salvador $148,000 Orange Coast Ttl Lender Svcs
American Pacific Investments Llc $85,100 None Available
Garcia Sally O -- Stewart Title Co
Garcia Sally O $245,000 Equity Title Company
Lincoln Trust Company Custodian $75,000 Lawyers Title Company
Patel Mahash $25,000 --
Patel Parbhubhai Lallubhai -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Sally O $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2021 03/03/21 Sold $148,000 0.0% --
02/25/2021 02/25/21 Pending -- -- --
10/20/2020 10/20/20 Price Changed $148,000 -6.3% --
09/12/2020 09/12/20 Price Changed $158,000 -6.0% --
08/13/2020 08/13/20 Price Changed $168,000 -5.6% --
07/17/2020 07/17/20 Price Changed $178,000 -5.3% --
06/19/2020 06/19/20 Price Changed $188,000 -5.1% --
05/22/2020 05/22/20 Price Changed $198,000 -4.8% --
04/24/2020 04/24/20 Price Changed $208,000 -4.6% --
03/27/2020 03/27/20 Price Changed $218,000 -4.4% --
02/24/2020 02/24/20 For Sale $228,000 -- --
Source: California Desert Association of REALTORS®

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 $1,785 $160,199 $160,199 --
2023 $1,785 $153,979 $153,979 $0
2022 $1,727 $150,960 $150,960 $0
2021 $990 $85,880 $85,880 $0
2020 $982 $85,000 $85,000 $0
2019 $3,349 $294,248 $294,248 $0
2018 $3,243 $288,479 $288,479 $0
2017 $3,204 $282,823 $282,823 $0
2016 $3,564 $277,278 $277,278 $0
2015 $3,555 $273,114 $273,114 $0
2014 $3,409 $267,765 $267,765 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Desert Association of REALTORS®

MLS Number: 219039585

California Desert Association of REALTORS®

APN: 447-052-043