NOT LISTED FOR SALE

716 W Devonshire Ave Hemet, CA 92543

Estimated Value: $453,000 - $491,453

4 Beds
4 Baths
2,016 Sq Ft
$236/Sq Ft Est. Value

Last Sold September 17, 2019

Last sale price $287,500 $143 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,753/month

112 Days on Market

Highlights

  • Contemporary Architecture
  • Ducts Professionally Air-Sealed
  • Mountainous Community
  • Corner Lot
  • Laundry Room
  • Sliding Doors

About This Home

As of September 2019

Just Reduced for Quick Sale!!! Excellent Investment Opportunity!!! These are much sought after, large, centrally located 2 bedroom and 2 bath units. Both units have back yards! One unit has a 2 car garage and the other a two car car port with garage building opportunity, an onsite laundry room that can be potential revenue with coin operated machines installed by new investor. Landscape is all newer and well maintained. Don't let this one slip away!!!

Last Agent to Sell the Property

Dana Barnes

NON-MEMBER/NBA or BTERM OFFICE License #01780725 Listed on: 04/17/2019

Co-Listed By

Nathaniel Barnes

Signature Group Realty License #02042268

Last Buyer's Agent

Gilberto Brambila

Aria Realty Group License #02021023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,582

Year Built

  • Built in 1974

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in fair condition
  • Drip System Landscaping
  • Corner Lot
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Carport
  • Parking Available

Home Design

  • Contemporary Architecture
  • Fire Rated Drywall
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Gas Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Carpet
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Formica Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Ducts Professionally Air-Sealed
  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 102
  • Tax Tract Number 4529
  • Assessor Parcel Number 443101023

Community Details

Overview

  • 2 Units
  • Mountainous Community
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,428
  • Trash Expense $555
  • Water Sewer Expense $3,500
  • New Taxes Expense $1,926
  • Operating Expense $8,369
  • Gross Income $20,734
  • Net Operating Income $21,985

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,582

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3500.00
  • Zoning: R2
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 443101023
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Fireplace Features: Living Room, Gas, Wood Burning
  • Levels: One
  • Price Per Square Foot: 142.61
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Construction Materials: Drywall Walls, Ducts Professionally Air-Sealed, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Phone Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood, Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 555.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Mountainous, Sidewalks, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Sprinkler System, Sprinklers Drip System, Sprinklers In Front
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1008 Square Feet
  • Gross Income: 20734.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 1428.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 21985.00
  • 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 Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Operating Expense: 5015.00
  • Rent Control: No
  • Total Expenses: 8369.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 1926.00
  • Tax Census Tract: 434.01
  • Tax Lot: 102
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Aug 22, 2019
Sold by
Bray Erik K
Bought by
Brambila Gilberto and Brambila Erika Y
Seller's Agent
Dana Barnes
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
Gilberto Brambila
Aria Realty Group
List Price
$285,000
Sold Price
$287,500
Premium/Discount to List
$2,500
0.88%
Current Estimated Value
$468,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,319
Avg. Annual Appreciation
8.60%
Original Mortgage
$215,625
Outstanding Balance
$188,848
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$287,015

Purchase Details

Closed on
Aug 19, 2013
Sold by
Nautic Athena Llc
Bought by
Bray Eric K

Purchase Details

Closed on
Oct 22, 2010
Sold by
Bray Erik Kareen and Bray Athena Jo
Bought by
Nautic Athena Llc

Purchase Details

Closed on
Jun 29, 2009
Sold by
Bustin Marsha Kay
Bought by
Bustin Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,009
Interest Rate
5.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 19, 2009
Sold by
Bustin Leonard A and Goodall Garth
Bought by
Bray M Erik and Bray Athena J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,009
Interest Rate
5.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 29, 2009
Sold by
Hidalgo Oscar
Bought by
Bustin Leonard and Goodall Garth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,009
Interest Rate
5.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2007
Sold by
Hidalgo Ninfa
Bought by
Hidalgo Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,600
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2006
Sold by
Johnson Mark A and Johnson Sheridan L
Bought by
Hidalgo Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,600
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2004
Sold by
3T Properties Llc
Bought by
Johnson Mark A and Johnson Sheridan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
1.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2004
Sold by
Herwig Carol J
Bought by
Herwig Bruce S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2004
Sold by
Roschewski Verlyn J and Roschewski Janice L
Bought by
3 T Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 1998
Sold by
Deconinck Irene A
Bought by
Roschewski Verlyn J and Roschewski Janice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,400
Interest Rate
6.9%
Mortgage Type
Seller Take Back
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
Brambila Gilberto $287,500 Corinthian Title Company Inc
Bray Eric K -- Lawyers Title
Nautic Athena Llc -- None Available
Bustin Leonard -- Chicago Title Company
Bray M Erik $140,000 Chicago Title Company
Bustin Leonard $98,089 Fidelity Natl Title Ins Co
Hidalgo Oscar -- Commonwealth Land Title Co
Hidalgo Oscar $402,000 Commonwealth Land Title Co
Johnson Mark A $325,000 Chicago Title Company
Herwig Bruce S -- --
Herwig Bruce S -- --
3 T Properties Llc $230,000 Chicago Title Insurance Co
Roschewski Verlyn J $65,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brambila Gilberto $215,625
Previous Owner Bray M Erik $143,009
Previous Owner Hidalgo Oscar $321,600
Previous Owner Johnson Mark A $260,000
Previous Owner 3 T Properties Llc $208,000
Previous Owner Roschewski Verlyn J $52,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2019 09/17/19 Sold $287,500 -4.2% $143 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
06/22/2019 06/22/19 Price Changed $300,000 -6.3% $149 / Sq Ft
06/11/2019 06/11/19 Price Changed $320,000 +12.3% $159 / Sq Ft
04/17/2019 04/17/19 For Sale $285,000 -- $141 / 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 $3,582 $313,872 $76,553 $237,319
2023 $3,582 $301,685 $73,581 $228,104
2022 $3,471 $295,771 $72,139 $223,632
2021 $3,414 $289,973 $70,725 $219,248
2020 $3,377 $287,000 $70,000 $217,000
2019 $1,985 $164,830 $38,459 $126,371
2018 $1,926 $161,599 $37,705 $123,894
2017 $1,904 $158,431 $36,966 $121,465
2016 $1,891 $155,326 $36,242 $119,084
2015 $1,885 $152,996 $35,699 $117,297
2014 $1,804 $150,000 $35,000 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19088849

California Regional Multiple Listing Service (CRMLS)

APN: 443-101-023