NOT LISTED FOR SALE

491 E Kimball Ave Hemet, CA 92543

Downtown Hemet Neighborhood

Estimated Value: $552,000 - $718,000

4 Beds
3 Baths
2,987 Sq Ft
$220/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $707,000 $237 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,698/month

37 Days on Market

Highlights

  • Corner Lot
  • Gated Home
  • Wood Siding
  • Forced Air Zoned Heating and Cooling System

About This Home

As of September 2024

TURN KEY Tri-plex ready for tenants or your move in! Primed to command top rental rates. Perfect multi-gen living or live in one, rent others. Three meticulously upgraded units situated on a large corner lot. Each unit has their own electric meter, laundry room, private fenced/gated yard and garage with shared driveway parking. Remodeled/upgraded from top to bottom to include new kitchens and baths, triple pane windows, six pane fiberglass front doors, all new subflooring and flooring, baseboards, interior doors, designer lighting and paint, ceiling fans, plumbing fixtures, and much more. A 30-year roof was installed in 2013. Buildings have new exterior paint. The brand new vinyl fence adds privacy and safety for children and pets. Beautifully designed drought tolerant, low maintenance landscaping with drip irrigation. The attached one bedroom unit is completely refreshed with all the retro charm preserved. This property is not to be missed! Whether you're looking to generate rental income or desire multi-generational living don't miss your chance to own this special property. NOTE: The main house front door faces S Buena Vista Ave., and that address is 205 S Buena Vista; the attached 1 bedroom apartment, attached to the main house, faces E Kimball and that address is 491 E. Kimball. The Unit above the garage address is 207 S Buena Vista Ave.

Last Agent to Sell the Property

Barbara Belcher

Century 21 Affiliated License #01340962 Listed on: 07/15/2024

Century 21 Affiliated

Last Buyer's Agent

Non-Member Default

Default Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,840 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Eco-Friendly Details

  • Drip Irrigation

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for sewer, water, cable TV, electricity, hot water
  • Assessor Parcel Number 443-314-001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Buena Vista St
  • Neighborhood: Hemet
  • Supplement: NOTE: The main house front door faces S Buena Vista Ave., and that address is 205 S Buena Vista; the attached 1 bedroom apartment, attached to the main house, faces E Kimball and that address is 491 E. Kimball. The Unit above the garage address is 207 S Buena Vista Ave.
  • LP / Sq Ft: 18.3
  • Sale Price List Price: 0.99
  • Year Built: 1956
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full, Gate, Partial
  • Roof: Composition

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Zoned Areas, Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Irrigation: Drip
  • Lot Size: 7,500-10,889 SF
  • Site: Corner Lot, Curbs, Sidewalks
  • Topography: Level
  • Zoning: 3
  • Assessor Parcel Number: 443-314-001
  • Estimated Lot Sq Ft: 7840
  • Estimated Number of Acres: 0.18
  • Map Code Column: A
  • Map Code Page: 811
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Sewer, Water, Cable TV, Electricity, Hot Water

Multi Family

  • No. of Units: 3
  • Gross Rent Multiplier Projected: 12.5
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2024
Closed on
Aug 23, 2024
Sold by
Coburn Mary E and Donnelly Maura K
Bought by
Romero Manuel and Garcia Laura
Seller's Agent
Barbara Belcher
Century 21 Affiliated
Buyer's Agent
Non-Member Default
Default Non-Member Office
List Price
$715,000
Sold Price
$707,000
Premium/Discount to List
-$8,000
-1.12%
Views
25
Current Estimated Value
$656,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,056
Avg. Annual Appreciation
-5.45%
Original Mortgage
$707,000
Outstanding Balance
$698,367
Interest Rate
6.47%
Mortgage Type
VA
Estimated Equity
-$41,423

Purchase Details

Closed on
Apr 26, 2004
Sold by
Donnelly Maura K
Bought by
Coburn Mary and Donnelly Maura K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2002
Sold by
Coburn Mary E and Donnelly Maura K
Bought by
Donnelly Maura K

Purchase Details

Closed on
Sep 5, 2002
Sold by
Vanhorne Fred E and Vanhorne Virginia H
Bought by
Coburn Mary and Donnelly Maura K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2001
Sold by
Taylor Bonnie L
Bought by
Vanhorne Fred E and Vanhorne Virginia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.87%
Mortgage Type
Commercial
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
Romero Manuel $707,000 Lawyers Title
Coburn Mary -- Fidelity National Title
Donnelly Maura K -- --
Coburn Mary $190,000 New Century Title
Vanhorne Fred E $100,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Manuel $707,000
Previous Owner Coburn Mary $190,000
Previous Owner Coburn Mary $142,500
Previous Owner Vanhorne Fred E $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $707,000 -1.1% $237 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $715,000 0.0% $239 / Sq Ft
08/12/2024 08/12/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $715,000 -- $239 / Sq Ft
Source: San Diego 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 $3,158 $707,000 $180,000 $527,000
2023 $3,158 $264,471 $41,747 $222,724
2022 $3,061 $259,286 $40,929 $218,357
2021 $3,011 $254,203 $40,127 $214,076
2020 $2,986 $251,597 $39,716 $211,881
2019 $2,922 $246,665 $38,938 $207,727
2018 $2,834 $241,829 $38,176 $203,653
2017 $2,801 $237,088 $37,428 $199,660
2016 $2,781 $232,441 $36,695 $195,746
2015 $2,759 $228,951 $36,145 $192,806
2014 $2,637 $224,468 $35,438 $189,030
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Barbara Belcher

    Century 21 Affiliated

    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Default

    Default Non-Member Office

  • O

    Buyer's Agent in 2024

    Out of Area Agent

    Out of Area Office

  • K

    Buyer's Agent in 2024

    Kathryn Frost

    RETS IDX TCAR VENDORS

    Section Image
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Map

Source: San Diego MLS

MLS Number: 240016277

San Diego MLS

APN: 443-314-001

California Riverside County Hemet 92543 Downtown Hemet

491 E Kimball Ave, Hemet, CA

Not Listed for Sale

MultiFamily

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