$1,500,000

42150 Margoni Way Hemet, CA 92544

Estimated payment $9,077/month

Total Views 10,355
8 Beds
6 Baths
4,243 Sq Ft
$354 Price per Sq Ft

Highlights

  • Horse Property
  • 13.15 Acre Lot
  • Laundry Room
  • RV Access or Parking
  • No HOA
  • Parking Storage or Cabinetry

About This Home

13.5 flat Acres in South Hemet near Estate homes. This buildings on the parcel include a custom home with a 3 bedrooms/2 bathroom, another with 3beds/2baths and a studio 2bed/1bath. The 3 homes and front structures on 4 acres are rented for $10,000/month. There's also a huge metal barn for tools and equipment. Allowing up to 36 units on this site (please see letter from County in Documents). Also possible are larger 1/2 or 1 acre lots (attached)

Listing Agent

Naveed Zuberi

Inland Empire Realtors Brokerage Phone: 714-308-9634 License #01395857 Listed on: 03/13/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,367

Year Built

  • Built in 2005

Lot Details

  • 13.15 Acre Lot
  • Rural Setting
  • Fenced
  • Fence is in average condition
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned A-1-1

Parking

  • 10 Car Garage
  • Detached Carport Space
  • Parking Storage or Cabinetry
  • Parking Available
  • Workshop in Garage
  • Front Facing Garage
  • RV Access or Parking

Home Design

  • Shingle Roof
  • Tile Roof

Interior Spaces

  • 4,243 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Phone Available
  • Cable TV Available

Additional Features

  • Horse Property
  • Agricultural

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 555450007
  • $177 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Horse Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,367

Year Built

Built in 2005

Lot Details

0

Parking

10

Listing Details

  • Price Per Unit: 500000
  • Property Attached: No
  • Zoning: A-1-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 555450007
  • Year Built: 2005
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 353.52

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle, Tile

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Carport, Detached Carport, Garage, Garage Faces Front, RV Access/Parking, RV Gated, Workshop in Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Horse Trails, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre, Agricultural, Agricultural - Dairy, Back Yard, Horse Property, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 572814.00
  • Lot Size Acres: 13.1500
  • Latitude Manual: 33.72075900

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Gross Income: 24000.00
  • Gross Scheduled Income: 120000.00
  • Lot Size Area: 572814.0000 Square Feet
  • Net Operating Income: 120000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 10000.00

Tax Info

  • Tax Census Tract: 433.04
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 177.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,367 $920,065 $229,474 $690,591
2023 $10,367 $884,339 $220,564 $663,775
2022 $10,032 $867,000 $216,240 $650,760
2021 $7,030 $601,164 $197,020 $404,144
2020 $7,949 $595,000 $195,000 $400,000
2019 $6,814 $561,815 $112,363 $449,452
2018 $6,416 $550,800 $110,160 $440,640
2017 $6,341 $540,000 $108,000 $432,000
2016 $5,441 $461,521 $216,792 $244,729
2015 $5,420 $454,591 $213,537 $241,054
2014 $5,071 $436,000 $205,000 $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 For Sale $1,500,000 +76.5% $354 / Sq Ft
06/21/2021 06/21/21 Sold $850,000 +0.1% $233 / Sq Ft
04/03/2021 04/03/21 Price Changed $849,000 +6.3% $233 / Sq Ft
01/10/2021 01/10/21 For Sale $799,000 +48.0% $219 / Sq Ft
09/22/2016 09/22/16 Sold $540,000 -10.0% $148 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $599,900 0.0% $165 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $599,900 -- $165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity Natl Ttl Co Orange
Grant Deed $850,000 Fidelity Natl Ttl Co Orange
Grant Deed -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Accommodation
Grant Deed -- None Available
Grant Deed $540,000 Orange Coast Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $648,750 New Conventional
Previous Owner $367,500 Seller Take Back
Previous Owner $324,000 Seller Take Back
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG25055548

California Regional Multiple Listing Service (CRMLS)

APN: 555-450-007