NOT LISTED FOR SALE

689 Illinois Ave Beaumont, CA 92223

Estimated Value: $477,875 - $510,000

4 Beds
2 Baths
1,625 Sq Ft
$305/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $290,000 $178 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,948/month

103 Days on Market

Highlights

  • Modern Architecture
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Double Door Entry
  • Laundry Room

About This Home

As of September 2019

Excellent Opportunity to invest in the improving and growing area of Beaumont... Both units are 2 Bedrooms and 1 Bath. This is a high demand location, There is a new VA condominium recently finished that has improved the area greatly. The renters are stable and area in high demand for rentals.Lots of upside potential a Savvy buyer can look in to potentially build tow additional units above the existing two **** The property is well maintained, new curbs and gutters were installed a few years back. It wont last long make it yours Today!!!
Please do not disturb the Tenants.

Last Agent to Sell the Property

RODOLFO GOMEZ

HOMEQUEST REAL ESTATE License #01208103 Listed on: 04/04/2019

HOMEQUEST REAL ESTATE

Last Buyer's Agent

Randy Gordon

COLDWELL BANKER KIVETT-TEETERS License #00752985

COLDWELL BANKER KIVETT-TEETERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 1,900 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • No Landscaping
  • Level Lot

Home Design

  • Duplex
  • Modern Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Asbestos Shingle Roof
  • Stucco

Interior Spaces

  • 1,625 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Double Door Entry
  • Panel Doors
  • Carpet
  • Neighborhood Views
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Accessible Home Design

  • Accessible Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Tax Lot 6
  • Tax Tract Number 721
  • Assessor Parcel Number 418020040

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,154
  • Trash Expense $1,563
  • Water Sewer Expense $540
  • New Taxes Expense $1,768
  • Operating Expense $3,257
  • Gross Income $23,700
  • Net Operating Income $19,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Berg Estates
  • View: Yes
  • Water Sewer Expenses: 540.00
  • Architectural Style: Modern
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 418020040
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Double Door Entry, Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 178.46
  • Room Type: All Bedrooms Down
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1563.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, No Landscaping
  • Lot Size Sq Ft: 1900.00
  • Lot Size Acres: 0.0436

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Gross Income: 23700.00
  • Gross Scheduled Income: 23700.00
  • Insurance Expense: 1154.00
  • Lot Size Area: 1900.0000 Square Feet
  • Net Operating Income: 19800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 3900.00
  • Rent Control: No
  • Total Expenses: 3257.00

Tax Info

  • New Taxes Expense: 1768.00
  • Tax Lot: 6
  • Tax Tract Number: 721-A3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2020
Sold by
Yoder Bary L and Yoder Lisa M
Bought by
Yoder Bary L and Yoder Lisa M
Current Estimated Value
$496,219

Purchase Details

Closed on
Jul 9, 2019
Sold by
Diaz Carolina I
Bought by
Mendez Amanda Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,747
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Listed on
May 6, 2017
Closed on
Jul 21, 2017
Sold by
Gomez Rodolfo Diaz
Bought by
Diaz Carolina I
Seller's Agent
Dennis Arterberry
Berkshire Hathaway Homeservices California Realty
Buyer's Agent
RODOLFO GOMEZ
HOMEQUEST REAL ESTATE
List Price
$273,500
Sold Price
$262,000
Premium/Discount to List
-$11,500
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$257,254
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Listed on
May 6, 2017
Closed on
Jul 10, 2017
Sold by
Vigh Nellie Ethel
Bought by
Diaz Carolina I
Seller's Agent
Dennis Arterberry
Berkshire Hathaway Homeservices California Realty
Buyer's Agent
RODOLFO GOMEZ
HOMEQUEST REAL ESTATE
List Price
$273,500
Sold Price
$262,000
Premium/Discount to List
-$11,500
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,254
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 8, 2016
Sold by
Vigh Nellie Ethel
Bought by
The Nellie Ethel Vigh Living Trust

Purchase Details

Closed on
Mar 16, 2015
Sold by
Tesoro Rancho Investments Llc
Bought by
Vigh Nellie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2014
Sold by
Johnson Kathy T
Bought by
Rancho Investments Llc

Purchase Details

Closed on
Sep 27, 2002
Sold by
Schuelke David P and Schuelke Emeline
Bought by
Johnson Kathy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,350
Interest Rate
5.89%
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
Yoder Bary L -- Lawyers Title
Mendez Amanda Marie $290,000 Fidelity National Title Co
Diaz Carolina I -- Usa National Title Company
Diaz Carolina I $262,000 Usa National Title Company
The Nellie Ethel Vigh Living Trust -- None Available
Vigh Nellie E $198,500 Ticor
Rancho Investments Llc $145,000 Accommodation
Johnson Kathy T $101,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendez Amanda Marie $284,747
Previous Owner Diaz Carolina I $257,254
Previous Owner Vigh Nellie E $142,500
Previous Owner Johnson Kathy T $91,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2019 09/11/19 Sold $290,000 -10.1% $178 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
05/29/2019 05/29/19 Price Changed $322,500 -3.7% $198 / Sq Ft
04/04/2019 04/04/19 For Sale $335,000 +27.9% $206 / Sq Ft
07/28/2017 07/28/17 Sold $262,000 -4.2% $161 / Sq Ft View Prior Sale
06/01/2017 06/01/17 Pending -- -- --
05/06/2017 05/06/17 For Sale $273,500 +37.8% $168 / Sq Ft
05/21/2015 05/21/15 Sold $198,500 0.0% $122 / Sq Ft View Prior Sale
03/15/2015 03/15/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $198,500 -- $122 / 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 $4,174 $317,151 $43,743 $273,408
2023 $4,097 $304,839 $42,046 $262,793
2022 $4,034 $298,863 $41,222 $257,641
2021 $3,957 $293,004 $40,414 $252,590
2020 $3,917 $290,000 $40,000 $250,000
2019 $3,628 $267,240 $25,500 $241,740
2018 $3,614 $262,000 $25,000 $237,000
2017 $2,855 $205,556 $72,488 $133,068
2016 $2,780 $201,526 $71,067 $130,459
2015 $2,050 $147,897 $45,899 $101,998
2014 $1,705 $119,906 $41,346 $78,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19077855

California Regional Multiple Listing Service (CRMLS)

APN: 418-020-040