NOT LISTED FOR SALE

49549 Rosella Dr Morongo Valley, CA 92256

Estimated Value: $336,000 - $462,000

4 Beds
2 Baths
1,896 Sq Ft
$210/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $190,000 $100 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,288/month

104 Days on Market

Highlights

  • Private Yard
  • Tile Flooring
  • Central Heating and Cooling System
  • Laundry Room

About This Home

As of December 2019

Entry level duplex fully occupied. Each unit has attached garages, fenced yards, tile flooring and two new energy efficient HVAC units that replaced older swamp coolers. Two separate water meters that each tenant pays for. Ownership expenses are very lean and there is a good amount of upside by raising rents to market prices. Call or email broker for full income and expense sheet.

Last Agent to Sell the Property

Nathan Diones

REGIONCY REAL ESTATE License #01767311 Listed on: 08/20/2019

Last Buyer's Agent

Augusto Rodriguez

Vision Realty & Associates, Inc. License #01756986

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 10,500 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Private Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,896 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 2997
  • Assessor Parcel Number 0584161030000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $400
  • Insurance Expense $900
  • Maintenance Expense $780
  • Professional Management Expense $1,092
  • Water Sewer Expense $200
  • New Taxes Expense $2,375
  • Operating Expense $5,747
  • Gross Income $1,300
  • Net Operating Income $9,073

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 1092.00
  • Property Attached: No
  • Water Sewer Expenses: 200.00
  • Zoning: MV/RM
  • Property Type: Residential Income
  • Gardener Expense: 400.00
  • Parcel Number: 0584161030000
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Tile
  • Price Per Square Foot: 100.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 10500.00
  • Lot Size Acres: 0.2410
  • Latitude Manual: 34.04485400

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 948 Square Feet
  • Gross Income: 1300.00
  • Gross Operating Income: 14820.00
  • Gross Scheduled Income: 15600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 10500.0000 Square Feet
  • Maintenance Expense: 780.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 9073.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5747.00
  • Rent Control: No
  • Total Expenses: 5747.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 2375.00
  • Tax Census Tract: 104.17
  • Tax Lot: 6
  • Tax Tract Number: 2997

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Nov 15, 2019
Sold by
Murrie Liza
Bought by
Huici Manuel
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Augusto Rodriguez
Vision Realty & Associates, Inc.
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
Current Estimated Value
$397,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,331
Avg. Annual Appreciation
12.88%
Original Mortgage
$142,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2019
Closed on
Nov 5, 2019
Sold by
Verner Ronald Lee and Ronald Lee Verner Trust
Bought by
Huici Manuel
Seller's Agent
Nathan Diones
REGIONCY REAL ESTATE
Buyer's Agent
Augusto Rodriguez
Vision Realty & Associates, Inc.
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%

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
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2017
Sold by
Carnes Michael and Carnes Leonida
Bought by
Verner Ronald Lee and Ronald Lee Verner Separate Pro

Purchase Details

Listed on
Nov 4, 2013
Closed on
Nov 22, 2013
Sold by
Ruffner Charlotte N
Bought by
Ruffner Benjamin F
Seller's Agent
Cindy High
Cherie Miller & Assoc
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$130,000
Sold Price
$123,000
Premium/Discount to List
-$7,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%

Purchase Details

Listed on
Nov 4, 2013
Closed on
Nov 18, 2013
Sold by
Ruffner Benjamin F and Ruffner Ben
Bought by
Carnes Michael and Carnes Leonida
Seller's Agent
Cindy High
Cherie Miller & Assoc
Buyer's Agent
NonMember AgentDefault
NonMember OfficeDefault
List Price
$130,000
Sold Price
$123,000
Premium/Discount to List
-$7,000
-5.38%

Purchase Details

Closed on
Apr 9, 2010
Sold by
Kanold Dixie
Bought by
Ruffner Ben

Purchase Details

Closed on
Mar 7, 2009
Sold by
Schwartz Ben Ryan
Bought by
Lasalle Bank Na and Mlmi Trust Series 2006-He4

Purchase Details

Closed on
Feb 6, 2006
Sold by
Estate Of Louis John Yurkin Jr
Bought by
Schwartz Ben Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,600
Interest Rate
7.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1994
Sold by
Magnolia Federal Bank For Svgs
Bought by
Hud

Purchase Details

Closed on
Aug 10, 1994
Sold by
Hud
Bought by
Yurkin Louis John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,712
Interest Rate
8.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 1994
Sold by
Bijan & Associates Inc
Bought by
Hakimian Bijan

Purchase Details

Closed on
May 20, 1994
Sold by
Magnolia Federal Bank For Svgs
Bought by
Hud

Purchase Details

Closed on
May 12, 1994
Sold by
Professional Foreclosure Corp
Bought by
Magnolia Federal Bank For Svgs

Purchase Details

Closed on
Feb 7, 1994
Sold by
Hakimian Bijan
Bought by
Bijan & Associates Inc and Cascade Security Investment Firm
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
Huici Manuel -- Stewart Title Of Ca Inc
Huici Manuel $190,000 Stewart Title Of Ca Inc
Verner Ronald Lee $145,000 Wfg Title Company
Ruffner Benjamin F -- Fidelity National Title Co
Carnes Michael $123,000 Fidelity National Title Co
Ruffner Ben $20,000 None Available
Lasalle Bank Na $55,500 Accommodation
Schwartz Ben Ryan $189,500 First American Title Company
Hud -- First Southwestern Title Co
Yurkin Louis John $70,054 First Southwestern Title Co
Hakimian Bijan -- --
Hud -- First Southwestern Title Co
Magnolia Federal Bank For Svgs $76,044 First Southwestern Title Co
Bijan & Associates Inc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Huici Manuel $142,500
Previous Owner Schwartz Ben Ryan $151,600
Previous Owner Yurkin Louis John $68,712
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2019 12/13/19 Sold $190,000 -2.6% $100 / Sq Ft
08/20/2019 08/20/19 For Sale $195,000 +58.5% $103 / Sq Ft
12/09/2013 12/09/13 Sold $123,000 -5.4% $65 / Sq Ft View Prior Sale
11/27/2013 11/27/13 Pending -- -- --
11/04/2013 11/04/13 For Sale $130,000 -- $69 / 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 $2,522 $207,793 $30,622 $177,171
2024 $2,522 $203,719 $30,022 $173,697
2023 $2,475 $199,724 $29,433 $170,291
2022 $2,426 $195,808 $28,856 $166,952
2021 $2,400 $191,968 $28,290 $163,678
2020 $2,381 $153,875 $21,224 $132,651
2019 $1,964 $150,858 $20,808 $130,050
2018 $1,920 $147,900 $20,400 $127,500
2017 $1,739 $129,918 $21,125 $108,793
2016 $1,711 $127,371 $20,711 $106,660
2015 $1,674 $125,458 $20,400 $105,058
2014 $1,670 $123,000 $20,000 $103,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19199109

California Regional Multiple Listing Service (CRMLS)

APN: 0584-161-03