NOT LISTED FOR SALE

507 Montecito Ave Hemet, CA 92543

Estimated Value: $548,000 - $1,044,000

2 Beds
2 Baths
1,000 Sq Ft
$871/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $670,000 $670 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,231/month

Highlights

  • Corner Lot
  • Neighborhood Views
  • 2 Car Attached Garage
  • No HOA
  • Covered Patio or Porch
  • Laundry Room

About This Home

As of July 2021

Located on Corner Lot in Nicely Maintained 4 Unit Building * Single Story with no steps * Large living room with adjacent dining area that leads to kitchen * Kitchen and baths have granite counter tops and tile flooring * Carpet in Bedrooms * Small Patio off kitchen - perfect for a BBQ and some patio furniture * Master bedroom with large walk in closet and ensuite bath * Secondary bedroom at front of unit with access to hall bath * Central Air and Heat * Laundry hookups in the unit * Water and Trash included in the rent * Sorry, no pets and no smoking * we require renters insurance on all our leases * Direct access to two car garage with auto opener.

Last Agent to Rent the Property

Rudy LaBrada

THE LABRADA GROUP License #01117345 Listed on: 06/20/2021

Last Renter's Agent

Rudy LaBrada

THE LABRADA GROUP License #01117345 Listed on: 06/20/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Low Pile Carpeting
  • Accessible Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Security Deposit $1,300
  • Rent includes sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 6/20/21
  • Tax Lot 21
  • Tax Tract Number 9924
  • Assessor Parcel Number 446320070

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2021-06-20
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 1300
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Quadruplex
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 446320070
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1000.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Low Pile Carpeting, No Interior Steps, Parking, See Remarks
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1.30
  • Room Type: All Bedrooms Down

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11761.00
  • Lot Size Acres: 0.2700

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 11761.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Rent Includes: Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 433.12
  • Tax Lot: 21
  • Tax Tract Number: 9924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Dec 8, 2020
Sold by
Acheson Gerard T
Bought by
Abuan Michael
Seller's Agent
Vicki Montague
Coldwell Banker Kivett-Teeters
Buyer's Agent
Mauricio Gomez
Infinite Realty and Loans Inc.
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Current Estimated Value
$870,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,769
Avg. Annual Appreciation
5.33%

Purchase Details

Listed on
Jun 15, 2020
Closed on
Nov 9, 2020
Sold by
Abaun Michael
Bought by
Marquez Jose Luis and Marquez Magdalena
Seller's Agent
Vicki Montague
Coldwell Banker Kivett-Teeters
Buyer's Agent
Mauricio Gomez
Infinite Realty and Loans Inc.
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%

Purchase Details

Closed on
Jul 9, 2009
Sold by
Abvan Mike
Bought by
Acheson Gerard T

Purchase Details

Closed on
Apr 6, 2009
Sold by
First Horizon Home Loans
Bought by
Abuan Michael

Purchase Details

Closed on
Dec 13, 2008
Sold by
Fifer Leonard L
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Jan 6, 2006
Sold by
Fifer Leonard
Bought by
Fifer Leonard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2002
Sold by
Fifer John E and Fifer Marjorie M
Bought by
Fifer Leonard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 1995
Sold by
Federal National Mortgage Association
Bought by
Fifer St John E and Fifer Marjorie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,900
Interest Rate
7.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 2, 1995
Sold by
Castillo Hilarion C and Castillo Eva B
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,900
Interest Rate
7.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Abuan Michael -- Chicago Title Company
Marquez Jose Luis $670,000 Chicago Title Insurance Co
Acheson Gerard T -- Lsi Title Company
Abuan Michael $199,000 Lsi Title Agency
First Horizon Home Loans $237,150 Landamerica
Fifer Leonard L -- Stewart Title
Fifer Leonard E -- Lawyers Title Company
Fifer St John E $80,000 First American Title Ins Co
Federal National Mortgage Association $153,828 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fifer Leonard L $455,000
Previous Owner Fifer Leonard E $200,000
Previous Owner Fifer St John E $67,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2021 07/01/21 Rented $1,300 0.0% --
06/22/2021 06/22/21 Off Market $1,300 -- --
06/20/2021 06/20/21 For Rent $1,300 0.0% --
12/18/2020 12/18/20 Sold $670,000 -2.8% $168 / Sq Ft View Prior Sale
10/28/2020 10/28/20 Pending -- -- --
09/09/2020 09/09/20 Price Changed $689,000 -1.4% $172 / Sq Ft
06/15/2020 06/15/20 For Sale $699,000 -- $175 / 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 $8,179 $725,227 $243,546 $481,681
2023 $8,179 $697,068 $234,090 $462,978
2022 $7,919 $683,400 $229,500 $453,900
2021 $7,789 $670,000 $225,000 $445,000
2020 $2,829 $234,190 $88,305 $145,885
2019 $2,770 $229,599 $86,574 $143,025
2018 $2,688 $225,098 $84,877 $140,221
2017 $2,657 $220,685 $83,213 $137,472
2016 $2,638 $216,359 $81,582 $134,777
2015 $2,631 $213,110 $80,357 $132,753
2014 $2,517 $208,937 $78,784 $130,153
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21134020

California Regional Multiple Listing Service (CRMLS)

APN: 446-320-070