NOT LISTED FOR SALE

450 N Weston Place Hemet, CA 92543

Estimated Value: $390,000 - $472,839

3 Beds
2 Baths
1,516 Sq Ft
$287/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $285,000 $188 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,704/month

24 Days on Market

Highlights

  • Evaporated cooling system
  • Wall Furnace
  • 1-Story Property
  • Laundry Room
  • Front Yard

About This Home

As of March 2020

Amazing opportunity to own completely updated 2 on a lot investment property. Back house is rented for $950. Excellent tenants. Front house is vacant. Interior of both houses have been redone. All new kitchens and appliances. Back house has mini-split A/C. Front house has wall heater and evap cooler. 2 car garage attached to back house. New garage doors and electric opens.

Last Agent to Sell the Property

Aaron Mazzrillo

MARKET STREET REALTY License #01376039 Listed on: 01/21/2020

Last Buyer's Agent

John Babai

John Babai, Broker License #01347118

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,550

Year Built

  • Built in 1958

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,516 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block A / 2
  • Assessor Parcel Number 445102012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $862
  • Trash Expense $1,130
  • Water Sewer Expense $1,130
  • New Taxes Expense $3,500
  • Operating Expense $6,622
  • Gross Income $27,000
  • Net Operating Income $20,377

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,550

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1130.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 445102012
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 187.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 1130.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 27000.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 862.30
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 20377.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 2268.51
  • Rent Control: Yes
  • Total Actual Rent: 950.00
  • Total Expenses: 6622.30

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Block: 2
  • Tax Census Tract: 434.01
  • Tax Lot: A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 10, 2020
Sold by
Gomez Susan B
Bought by
Gomez Andres
Seller's Agent
Aaron Mazzrillo
MARKET STREET REALTY
Buyer's Agent
John Babai
John Babai, Broker
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$434,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,710
Avg. Annual Appreciation
8.21%
Original Mortgage
$213,750
Outstanding Balance
$191,327
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$243,383

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 10, 2020
Sold by
Advanced Sales Inc
Bought by
Gomez Andres
Seller's Agent
Aaron Mazzrillo
MARKET STREET REALTY
Buyer's Agent
John Babai
John Babai, Broker
List Price
$285,000
Sold Price
$285,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Outstanding Balance
$191,327
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$243,383

Purchase Details

Closed on
Jun 13, 2014
Sold by
Kazaroff John E
Bought by
N Weston Place Trust and Advanced Sales Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 8, 2012
Sold by
Kazaroff John E
Bought by
Kazaroff John E and The John E Kazaroff Revocable Trust

Purchase Details

Closed on
Jul 27, 2000
Sold by
Kazaroff Ben
Bought by
Kazaroff Ben E and Ben E Kazaroff Revocable Trust

Purchase Details

Closed on
Feb 21, 1998
Sold by
Mccrummen Zelda E
Bought by
Kazaroff Ben
Source: Public Records

Range of Values:

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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
Gomez Andres -- Chicago Ttl Co San Bernadio
Gomez Andres $285,000 Chicago Title Company
N Weston Place Trust $150,000 Chicago Title
Kazaroff John E -- None Available
Kazaroff Ben E -- --
Kazaroff Ben $40,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Andres $213,750
Previous Owner N Weston Place Trust $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2020 03/13/20 Sold $285,000 0.0% $188 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $285,000 -- $188 / 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
2023 $3,550 $299,583 $36,790 $262,793
2022 $3,439 $293,710 $36,069 $257,641
2021 $3,383 $287,952 $35,362 $252,590
2020 $1,988 $164,835 $38,460 $126,375
2019 $1,946 $161,604 $37,706 $123,898
2018 $1,888 $158,436 $36,967 $121,469
2017 $1,867 $155,331 $36,243 $119,088
2016 $1,854 $152,286 $35,533 $116,753
2015 $1,848 $150,000 $35,000 $115,000
2014 $701 $52,080 $32,554 $19,526
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20014385

California Regional Multiple Listing Service (CRMLS)

APN: 445-102-012