NOT LISTED FOR SALE

43480 Cedar Ave Hemet, CA 92544

Estimated Value: $425,039 - $465,000

3 Beds
2 Baths
1,380 Sq Ft
$324/Sq Ft Est. Value

Last Sold July 25, 2014

Last sale price $185,000 $134 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,545/month

329 Days on Market

Highlights

  • Guest House
  • No HOA
  • Foothills
  • 1.04 Acre Lot
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of July 2014

Please note" this property features large 2 bedroom house with a separate unit attached to Garage. The separate unit has it's own 1/2 bath. The house only needs a little TLC but has great features for such a Large home. Good size living room in Main house. extra large bedrooms. Dining room for entertainment or for the larger family style. Recently painted and some upgrades completed less the 2 years ago. Laundry facility, Tack room outside. All this and it sits on 1+ acres of land. Buyer please note this is not a legal 2 unit complex, check with city for additional information.

Last Agent to Sell the Property

George Hann

Home Smart Realty Group License #00633463 Listed on: 06/27/2013

Home Smart Realty Group

Last Buyer's Agent

BERTHA MORALES

REALTY ONE GROUP HOMELINK License #01832076

REALTY ONE GROUP HOMELINK

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 1.04 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Unassigned Parking

Home Design

  • Additions or Alterations

Interior Spaces

  • 1,380 Sq Ft Home
  • Dining Room with Fireplace
  • Bonus Room with Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1
  • Assessor Parcel Number 549020013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Foothills

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $600
  • New Taxes Expense $2,624
  • Gross Income $2,000
  • Net Operating Income $17,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 549020013
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Fireplace Features: Bonus Room, Dining Room
  • Levels: One
  • Price Per Square Foot: 134.06

Exterior Features

  • Other Structures: Guest House
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Foothills

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 45302.00
  • Lot Size Acres: 1.0400

Multi Family

  • Average1 Bed Area: 300
  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 600.00
  • Lot Size Area: 45302.0000 Square Feet
  • Net Operating Income: 17280.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 6720.00
  • Operating Expense Percent: 28.00
  • Rent Control: No
  • Total Actual Rent: 18000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 2624.00
  • Tax Lot: 6
  • Tax Tract Number: 1
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2019
Sold by
Ordunez Alejandro
Bought by
Garcia Ordunez Alejandro and Garcia De Ordunez Sara
Current Estimated Value
$447,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Outstanding Balance
$186,006
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$261,754

Purchase Details

Closed on
Apr 11, 2014
Sold by
Rylaarsdam Simon
Bought by
Ordunez Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 2014
Sold by
Deordunez Sara Garcia
Bought by
Ordunez Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 2010
Sold by
Rylaarsdam Simon and Rylaarsdam Mary Jane
Bought by
Rylaarsdam Simon and Rylaarsdam Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,188
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2010
Sold by
Johnson Harold A and Moore Cynthia M
Bought by
Rylaarsdam Simon and Rylaarsdam Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,188
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2008
Sold by
Johnson Harold A and Sims Cynthia M
Bought by
Johnson Harold A and Moore Cynthia M

Purchase Details

Closed on
Nov 18, 2004
Sold by
Johnson Harold A
Bought by
Johnson Harold A and Sims Cynthia M

Purchase Details

Closed on
Mar 12, 2004
Sold by
Levine Annette L
Bought by
Johnson Harold A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2002
Sold by
Somers Alan Russell
Bought by
Levine Annette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,350
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2001
Sold by
Sing Kimari T
Bought by
Somers Alan Russell

Purchase Details

Closed on
May 3, 2001
Sold by
Rush John M and Rush Ann L
Bought by
Somers Alan Russell and Sing Kimari T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 1997
Sold by
Rush John M and Rush Ann L
Bought by
Rush John M and Rush Ann L
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
Garcia Ordunez Alejandro -- Priority Title
Ordunez Alejandro -- Ortc
Ordunez Alejandro -- Ortc
Rylaarsdam Simon -- None Available
Rylaarsdam Simon $144,500 Fidelity National Title Co
Johnson Harold A -- None Available
Johnson Harold A -- --
Johnson Harold A $180,000 Fidelity National Title Co
Levine Annette L $133,000 First American Title Co
Somers Alan Russell -- Fidelity National Title Ins
Somers Alan Russell $110,000 Fidelity National Title Ins
Rush John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Ordunez Alejandro $212,000
Previous Owner Ordunez Alejandro $181,649
Previous Owner Rylaarsdam Simon $108,188
Previous Owner Johnson Harold A $120,000
Previous Owner Levine Annette L $126,350
Previous Owner Somers Alan Russell $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2014 07/25/14 Sold $185,000 0.0% $134 / Sq Ft
07/23/2014 07/23/14 Sold $185,000 -1.6% $134 / Sq Ft View Prior Sale
05/22/2014 05/22/14 Pending -- -- --
03/19/2014 03/19/14 Pending -- -- --
02/15/2014 02/15/14 Price Changed $187,999 -0.5% $136 / Sq Ft
01/31/2014 01/31/14 Price Changed $188,900 -0.6% $137 / Sq Ft
01/22/2014 01/22/14 Price Changed $189,950 0.0% $138 / Sq Ft
01/07/2014 01/07/14 Price Changed $190,000 -5.0% $138 / Sq Ft
10/31/2013 10/31/13 Price Changed $199,999 -2.4% $145 / Sq Ft
10/16/2013 10/16/13 Price Changed $204,950 -2.4% $149 / Sq Ft
09/18/2013 09/18/13 Price Changed $209,950 +1.9% $152 / Sq Ft
09/12/2013 09/12/13 Price Changed $205,999 -1.9% $149 / Sq Ft
06/27/2013 06/27/13 For Sale $209,950 0.0% $152 / Sq Ft
03/31/2013 03/31/13 For Sale $209,950 -- $152 / 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 $2,433 $222,332 $102,150 $120,182
2023 $2,433 $213,701 $98,185 $115,516
2022 $2,352 $209,511 $96,260 $113,251
2021 $2,312 $205,404 $94,373 $111,031
2020 $2,289 $203,299 $93,406 $109,893
2019 $2,238 $199,314 $91,576 $107,738
2018 $2,168 $195,407 $89,781 $105,626
2017 $2,140 $191,576 $88,021 $103,555
2016 $2,123 $187,821 $86,296 $101,525
2015 $2,354 $185,000 $85,000 $100,000
2014 $1,767 $151,888 $68,441 $83,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13125627

California Regional Multiple Listing Service (CRMLS)

APN: 549-020-013