NOT LISTED FOR SALE

541 W 3rd St Perris, CA 92570

Westside Perris Neighborhood

Estimated Value: $437,000 - $535,000

4 Beds
2 Baths
1,643 Sq Ft
$296/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2020

Last sale price $316,000 $192 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,946 / mo

73 Days on Market

About This Home

As of September 2020

Two unit property now available in Perris CA.
These two detached units each feature separate Gas, Electric and Water Meters. The main unit features 2 bedrooms, 1 bath, kitchen and large living room area. The approximate size of the unit is about 908 Sq. Ft. The 2nd Unit is smaller. It features 2 bedrooms, 1 bath and small kitchen and small living room area. There is a detached 2 car garage. The lot is very spacious. Large back yards for both units.

Last Agent to Sell the Property

Jose Marin

Marin Realty Group License #01753895 Listed on: 04/27/2020

Last Buyer's Agent

Margaret Chappell

Corcoran Global Living License #01218542

Corcoran Global Living

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 13,068 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 1,643 Sq Ft Home
  • 1-Story Property
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 12 / 12
  • Tax Tract Number 2049
  • Assessor Parcel Number 313141005

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Trash Expense $100
  • New Taxes Expense $3,914
  • Operating Expense $5,514
  • Gross Income $27,000
  • Net Operating Income $21,486

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0.3 Acres

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Zoning: A1
  • Property Type: Residential Income
  • Parcel Number: 313141005
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 192.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13068.00
  • Lot Size Acres: 0.3000

Multi Family

  • Gross Income: 27000.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 13068.0000 Square Feet
  • Net Operating Income: 21486.00
  • 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: 3200.00
  • Rent Control: No
  • Total Expenses: 5514.00

Tax Info

  • New Taxes Expense: 3914.00
  • Tax Block: 12
  • Tax Census Tract: 42800
  • Tax Lot: 12
  • Tax Tract Number: 002049

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Aug 19, 2020
Sold by
Bought by
Seller's Agent
Jose Marin
Marin Realty Group
Buyer's Agent
Margaret Chappell
Corcoran Global Living
List Price
$335,000
Sold Price
$316,000
Premium/Discount to List
-$19,000
-5.67%
Current Estimated Value
$486,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,353
Avg. Annual Appreciation
7.73%
Original Mortgage
$237,000
Outstanding Balance
$209,448
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$276,905

Purchase Details

Closed on
Sep 21, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,500
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 15, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.77%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$316,000 Stewart Title Of Ca Inc
-- First American Title Company
$110,000 Stewart Title
$110,000 Stewart Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $237,000
Previous Owner $149,500
Previous Owner $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $316,000 -5.7% $192 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $335,000 -- $204 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,825 $342,046 $81,181 $260,865
2023 $3,825 $328,766 $78,030 $250,736
2022 $3,784 $322,320 $76,500 $245,820
2021 $3,711 $316,000 $75,000 $241,000
2020 $1,816 $153,185 $61,329 $91,856
2019 $1,775 $150,182 $60,127 $90,055
2018 $1,695 $147,239 $58,949 $88,290
2017 $1,419 $122,040 $66,568 $55,472
2016 $1,391 $119,648 $65,263 $54,385
2015 $1,364 $117,853 $64,284 $53,569
2014 $1,333 $115,547 $63,026 $52,521
Source: Public Records

Agents Affiliated with this Home

  • Jose Marin

    Seller's Agent in 2020

    Jose Marin

    Marin Realty Group

    (951) 830-2967

    12 in this area

    180 Total Sales

    Jose Marin
    Section Image

  • M

    Buyer's Agent in 2020

    Margaret Chappell

    Corcoran Global Living

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20079899

California Regional Multiple Listing Service (CRMLS)

APN: 313-141-005

California Riverside County Perris 92570 Westside Perris

541 W 3rd St, Perris, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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