NOT LISTED FOR SALE

503 E Latham Ave Hemet, CA 92543

Weston Park Neighborhood

Estimated Value: $277,040 - $361,000

4 Beds
2 Baths
1,630 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 13, 2014

Last sale price $132,000 $81 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $1,896/month

69 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to Weston Park
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

About This Home

As of March 2014

Corner lot duplex with the only common wall being shared by the single car garages. The front unit is 3 bedrooms and 1 bath. It was rehabbed 3 years ago. Has hardwood floors, all new windows, new kitchen counter, stove, newer kitchen cabinets, new bath vanity, light fixtures, tiled flooring in the 3rd bedroom with a separate entrance. The front unit has copper plumbing and some electrical updating. The back unit has not been rehabbed, but some copper plumbing, the back unit is a 1 bedroom and 1 bath unit with a private backyard. Both units have laundry hookups in the garage and both have new garage doors. The exterior paint is also newer. The property is being sold AS-IS - really - AS-IS.

Last Agent to Sell the Property

CASSONDRA ALONGI

Cassondra Alongi, Broker License #01362135 Listed on: 12/03/2013

Cassondra Alongi, Broker

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 1,630 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, trash collection, water
  • Tax Lot 5
  • Tax Tract Number 6122
  • Assessor Parcel Number 443241006

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $448
  • New Taxes Expense $800
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 443241006
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 80.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 600
  • Average3 Bed Area: 1000
  • Gross Income: 16800.00
  • Gross Scheduled Income: 17400.00
  • Insurance Expense: 448.00
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Rent Control: No
  • Total Actual Rent: 1450.00

Tax Info

  • New Taxes Expense: 800.00
  • Tax Lot: 5
  • Tax Tract Number: 6122
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2021
Sold by
Villegas Sergio and Villegas Angelica
Bought by
Murillo Villegas Family Trust
Current Estimated Value
$335,760

Purchase Details

Listed on
Dec 3, 2013
Closed on
Mar 5, 2014
Sold by
Alongi Cassondra
Bought by
Villegas Sergio and Murillo Angelica
Seller's Agent
CASSONDRA ALONGI
Cassondra Alongi, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$145,000
Sold Price
$132,000
Premium/Discount to List
-$13,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$99,000
Interest Rate
4.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2013
Sold by
Shapter Guy Allen
Bought by
Alongi Cassondra

Purchase Details

Closed on
Oct 4, 2013
Sold by
Alongi Cassondra and Birnie Cassondra
Bought by
Shapter Guy Allen

Purchase Details

Closed on
Oct 20, 2010
Sold by
Carias Jose and Carias Flor R
Bought by
Birnie Cassondra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2010
Sold by
Birnie Stephen
Bought by
Birnie Cassondra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2007
Sold by
Gonzalez Tony and Gonzalez Nancy June
Bought by
Carias Jose and Carias Flor R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2004
Sold by
Clover Investment Group
Bought by
Gonzalez Tony and Gonzalez Nancy June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.8%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Murillo Villegas Family Trust -- --
Villegas Sergio $132,000 Fidelity National Title Co
Alongi Cassondra -- None Available
Shapter Guy Allen -- None Available
Birnie Cassondra $70,000 Fatcola-Resale
Birnie Cassondra -- First American Title Company
Carias Jose $345,000 First American Title Company
Gonzalez Tony $260,000 Orange Coast Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villegas Sergio $99,000
Previous Owner Birnie Cassondra $52,500
Previous Owner Carias Jose $276,000
Previous Owner Gonzalez Tony $234,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2014 03/13/14 Sold $132,000 -9.0% $81 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
12/03/2013 12/03/13 For Sale $145,000 -- $89 / 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 $1,888 $161,799 $24,509 $137,290
2023 $1,888 $155,518 $23,558 $131,960
2022 $1,831 $152,470 $23,097 $129,373
2021 $1,802 $149,482 $22,645 $126,837
2020 $1,913 $147,950 $22,413 $125,537
2019 $1,749 $145,050 $21,974 $123,076
2018 $1,697 $142,207 $21,545 $120,662
2017 $1,678 $139,420 $21,123 $118,297
2016 $1,666 $136,687 $20,709 $115,978
2015 $1,661 $134,636 $20,399 $114,237
2014 $1,589 $132,000 $20,000 $112,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    CASSONDRA ALONGI

    Cassondra Alongi, Broker

    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,236 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV13241464

California Regional Multiple Listing Service (CRMLS)

APN: 443-241-006

California Riverside County Hemet 92543 Weston Park

503 E Latham Ave, Hemet, CA

Not Listed for Sale

MultiFamily

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