NOT LISTED FOR SALE

678 Woodcrest Dr Lake Elsinore, CA 92530

Lake View District Neighborhood

Estimated Value: $1,078,000 - $1,315,000

2 Beds
2 Baths
6,064 Sq Ft
$195/Sq Ft Est. Value

Last Sold October 17, 2013

Last sale price $500,000 $82 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $6,972/month

8 Days on Market

About This Home

As of October 2013

4 unit apartment complex in great rent district! This property has been owned by the seller for over 20 years. Low vacancy factor. Close to schools and amenities. One three bedroom and three two bedroom condos. Might be below market rents, buyer to verify. Walking distance to Grocery store, Rite Aid and shopping strip. Large two story with attached garages. Washer and Dryer hook ups. Drive by only!! Do not disturb tenants please.

Last Agent to Sell the Property

Lori Fenton

Allison James Estates & Homes License #01915481 Listed on: 09/24/2013

Allison James Estates & Homes

Last Buyer's Agent

Susan Carreon

CURB License #01456044

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,322

Year Built

  • Built in 1987

Lot Details

  • 10,454 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,064 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 31
  • Tax Tract Number 16452
  • Assessor Parcel Number 379341021

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $2,400
  • Water Sewer Expense $3,600
  • New Taxes Expense $5,100
  • Gross Income $3,800
  • Net Operating Income $32,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,322

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.50
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 379341021
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 82.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1150
  • Average3 Bed Area: 1480
  • Gross Income: 3800.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 32700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 12900.00
  • Rent Control: No
  • Total Actual Rent: 45600.00

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Lot: 31
  • Tax Tract Number: 16452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2016
Sold by
Carreon Antonio
Bought by
Carreon Antonio
Current Estimated Value
$1,182,922

Purchase Details

Listed on
Sep 24, 2013
Closed on
Oct 3, 2013
Sold by
Carreon Susan
Bought by
Carreon Antonio
Seller's Agent
Lori Fenton
Allison James Estates & Homes
Buyer's Agent
Susan Carreon
CURB
List Price
$495,000
Sold Price
$500,000
Premium/Discount to List
$5,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%

Purchase Details

Listed on
Sep 24, 2013
Closed on
Oct 2, 2013
Sold by
Fenton Peter J
Bought by
Carreon Antonio
Seller's Agent
Lori Fenton
Allison James Estates & Homes
Buyer's Agent
Susan Carreon
CURB
List Price
$495,000
Sold Price
$500,000
Premium/Discount to List
$5,000
1.01%

Purchase Details

Closed on
Jun 17, 2010
Sold by
Fenton Family Limited Partnership
Bought by
Fenton Peter J
Source: Public Records

Range of Values:

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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
Carreon Antonio -- None Available
Carreon Antonio -- Orange Coast Title Company
Carreon Antonio $500,000 Orange Coast Title Company
Fenton Peter J -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2013 10/17/13 Sold $500,000 +1.0% $82 / Sq Ft
10/01/2013 10/01/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $495,000 -- $82 / 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 $6,322 $612,917 $94,384 $518,533
2023 $6,322 $589,119 $90,720 $498,399
2022 $6,122 $577,569 $88,942 $488,627
2021 $6,004 $566,246 $87,199 $479,047
2020 $5,944 $560,440 $86,305 $474,135
2019 $5,830 $549,452 $84,613 $464,839
2018 $5,719 $538,679 $82,954 $455,725
2017 $5,609 $528,118 $81,328 $446,790
2016 $5,404 $517,764 $79,734 $438,030
2015 $5,334 $509,989 $78,538 $431,451
2014 $5,147 $500,000 $77,000 $423,000
Source: Public Records

Agents Affiliated with this Home

  • Lori Fenton

    Seller's Agent in 2013

    Lori Fenton

    Allison James Estates & Homes

    (951) 694-5300

    9 Total Sales

    Section Image

  • S

    Buyer's Agent in 2013

    Susan Carreon

    CURB

    (562) 714-7703

    3 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13193622

California Regional Multiple Listing Service (CRMLS)

APN: 379-341-021

California Riverside County Lake Elsinore 92530 Lake View District

678 Woodcrest Dr, Lake Elsinore, CA

This home is located at 678 Woodcrest Dr, Lake Elsinore, CA 92530 since 24 September 2013 and is currently estimated at $1,182,922, approximately $195 per square foot. This property was built in 1987. 678 Woodcrest Dr is a home located in Riverside County with nearby schools including Machado Elementary School, Terra Cotta Middle School, and Lakeside High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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