Seller's Agent in 2012
Doug Wetton
DW Investments
(949) 887-5436
1 Total Sale
611 W Limited St Lake Elsinore, CA 92530
Lake Elsinore Historic District NeighborhoodEstimated Value: $630,000 - $845,000
3
Beds
2
Baths
2,200
Sq Ft
$335/Sq Ft
Est. Value
About This Home
As of November 2012JUST BACK ON THE MARKET! Great property with incredible lake views. Located across the street from Lake Elsinore. (2) 2 bdrm, 1 bath and (2) 1 bdrm, 1 bath. Exterior newly renovated. Two units completely refurbished with upgraded kitchens. Two units currently vacant due to rehab. One unit in process of move-out. Plenty of street parking. SELLER IS MOTIVATED!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,526
Year Built
- Built in 1956
Lot Details
- 4,792
Home Design
- 2,200 Sq Ft Home
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, water
- Tax Lot 5&6
- Assessor Parcel Number 374242017
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $800
- Trash Expense $1,116
- Water Sewer Expense $2,400
- New Taxes Expense $3,037
- Gross Income $3,200
- Net Operating Income $27,325
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2012
Closed on
Oct 30, 2012
Sold by
Blue Jay Bay Ventures Llc
Bought by
Taylor Gwendolyn D
Seller's Agent
Doug Wetton
DW Investments
Buyer's Agent
Steve Yang
FIRST TEAM REAL ESTATE
List Price
$289,999
Sold Price
$262,000
Premium/Discount to List
-$27,999
-9.65%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,029
Avg. Annual Appreciation
8.41%
Original Mortgage
$196,500
Outstanding Balance
$135,950
Interest Rate
3.34%
Mortgage Type
Commercial
Estimated Equity
$601,079
Purchase Details
Closed on
Dec 21, 2011
Sold by
Mercado Victor M and Mercado Cecilia
Bought by
Blue Jay Ventures Llc
Purchase Details
Closed on
Jun 20, 2001
Sold by
Sifuentes Rose Enriquez
Bought by
Mercado Victor M and Mercado Cecilia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
8.25%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 21, 1998
Sold by
Sifuentes Manuel
Bought by
Sifuentes Rose E
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
7.01%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 13, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sifuentes Rose Enriquez
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
7.01%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 19, 1997
Sold by
American Svgs Bank Fa
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Aug 18, 1997
Sold by
Danny David M
Bought by
American Svgs Bank Fa
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Taylor Gwendolyn D | $262,000 | None Available | |
| Blue Jay Ventures Llc | -- | First American Title Ins Co | |
| Mercado Victor M | $163,000 | First American Title Co | |
| Sifuentes Rose E | -- | First American Title Ins Co | |
| Sifuentes Rose Enriquez | $60,000 | First American Title Ins Co | |
| Federal Home Loan Mortgage Corporation | -- | First American Title Ins Co | |
| American Svgs Bank Fa | $80,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Taylor Gwendolyn D | $196,500 | |
| Previous Owner | Mercado Victor M | $195,000 | |
| Previous Owner | Mercado Victor M | $130,400 | |
| Previous Owner | Sifuentes Rose E | $121,600 | |
| Previous Owner | Sifuentes Rose Enriquez | $90,000 | |
| Closed | Mercado Victor M | $16,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/06/2012 11/06/12 | Sold | $262,000 | -9.7% | $119 / Sq Ft |
| 09/10/2012 09/10/12 | Pending | -- | -- | -- |
| 02/01/2012 02/01/12 | For Sale | $289,999 | -- | $132 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $3,526 | $322,618 | $61,564 | $261,054 |
| 2023 | $3,526 | $310,092 | $59,174 | $250,918 |
| 2022 | $3,421 | $304,013 | $58,014 | $245,999 |
| 2021 | $3,358 | $298,053 | $56,877 | $241,176 |
| 2020 | $3,366 | $294,998 | $56,294 | $238,704 |
| 2019 | $3,306 | $289,215 | $55,191 | $234,024 |
| 2018 | $3,208 | $283,545 | $54,109 | $229,436 |
| 2017 | $3,150 | $277,987 | $53,049 | $224,938 |
| 2016 | $3,042 | $272,537 | $52,009 | $220,528 |
| 2015 | $2,835 | $268,445 | $51,229 | $217,216 |
| 2014 | $2,742 | $263,189 | $50,227 | $212,962 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Wetton
-
Steve Yang
Buyer's Agent in 2012
Steve Yang
FIRST TEAM REAL ESTATE
(626) 636-6800
93 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: U12000532
APN: 374-242-017
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