NOT LISTED FOR SALE

40511 Melrose Ave Hemet, CA 92544

Estimated Value: $399,466 - $427,000

3 Beds
2 Baths
1,218 Sq Ft
$337/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $227,000 $186 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,454/month

29 Days on Market

Highlights

  • Midcentury Modern Architecture
  • No HOA
  • Central Heating
  • Great Room with Fireplace
  • Breakfast Area or Nook
  • 1-Story Property

About This Home

As of September 2018

Newly remodeled! 3 bedrooms and 2 bathrooms. Master has a walk-in closet and private bath. One bedroom has a fireplace inside and could double as the family room. New kitchen cabinets and Formica countertops.New electrical and new roof. Corner lot. Big lot and covered patio in Backyard.

Last Agent to Sell the Property

Conley Moret

Melrose Capital Group License #01275842 Listed on: 05/16/2018

Last Buyer's Agent

Randy Engleman

HomeSmart Professionals License #01938499

HomeSmart Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,856

Year Built

  • Built in 1953

Lot Details

  • 6,098

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,218 Sq Ft Home
  • 1-Story Property
  • Great Room with Fireplace
  • Laminate Flooring
  • Alarm System
  • Breakfast Area or Nook
  • Laundry in Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 6,098 Sq Ft Lot
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 445-313-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,856

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 1218
  • Stories: 1
  • Year Built: 1953
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Great Room
  • Flooring: Laminate
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Alarm System
  • Price Per S Q F T: 184.73

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 445-313-032
  • Geocode Override: No
  • Lot Size Area: 6098

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2018
Closed on
Jul 26, 2018
Sold by
The Melrose Capital Group Llc
Bought by
Mason Shane Bobby and Mason Cynthia Montoya
Seller's Agent
Conley Moret
Melrose Capital Group
Buyer's Agent
Randy Engleman
HomeSmart Professionals
List Price
$245,000
Sold Price
$227,000
Premium/Discount to List
-$18,000
-7.35%
Current Estimated Value
$404,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,653
Avg. Annual Appreciation
8.62%
Original Mortgage
$7,945
Outstanding Balance
$6,943
Interest Rate
4.5%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$395,093

Purchase Details

Closed on
Oct 24, 2016
Sold by
Wesswind Inc
Bought by
The Melrose Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
3.5%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 11, 1994
Sold by
Wessman John
Bought by
Sanjon Inc
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
Mason Shane Bobby $227,000 Usa National Title
The Melrose Capital Group Llc $80,000 First American Title Company
Sanjon Inc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mason Shane Bobby $7,945
Closed Mason Shane Bobby $8,915
Previous Owner Mason Shane Bobby $222,888
Previous Owner The Melrose Capital Group Llc $155,000
Previous Owner The Melrose Capital Group Llc $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2018 09/17/18 Sold $227,000 +0.9% $186 / Sq Ft
06/14/2018 06/14/18 Pending -- -- --
06/05/2018 06/05/18 Price Changed $225,000 -8.2% $185 / Sq Ft
05/16/2018 05/16/18 For Sale $245,000 -- $201 / Sq Ft
Source: The MLS

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 $2,856 $253,218 $33,464 $219,754
2023 $2,856 $243,387 $32,165 $211,222
2022 $2,764 $238,616 $31,535 $207,081
2021 $2,718 $233,938 $30,917 $203,021
2020 $2,686 $231,540 $30,600 $200,940
2019 $2,628 $227,000 $30,000 $197,000
2018 $1,335 $114,240 $30,600 $83,640
2017 $1,319 $112,000 $30,000 $82,000
2016 $1,204 $100,479 $43,060 $57,419
2015 $1,200 $98,971 $42,414 $56,557
2014 $1,147 $97,034 $41,584 $55,450
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Conley Moret

    Melrose Capital Group

    Section Image

  • R

    Buyer's Agent in 2018

    Randy Engleman

    HomeSmart Professionals

    Section Image
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Map

Source: The MLS

MLS Number: 18-344922

The MLS

APN: 445-313-032

California Riverside County Hemet 92544

40511 Melrose Ave, Hemet, CA

This home is located at 40511 Melrose Ave, Hemet, CA 92544 since 16 May 2018 and is currently estimated at $410,617, approximately $337 per square foot. This property was built in 1953. 40511 Melrose Ave is a home located in Riverside County with nearby schools including Ramona Elementary School, Acacia Middle School, and Hemet High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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