NOT LISTED FOR SALE

748 W Devonshire Ave Hemet, CA 92543

Estimated Value: $339,926 - $448,000

2 Beds
1 Bath
1,856 Sq Ft
$218/Sq Ft Est. Value

Last Sold June 05, 2014

Last sale price $165,000 $89 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $2,310/month

81 Days on Market

Highlights

  • No HOA
  • South Facing Home
  • 1-Story Property
  • Central Heating and Cooling System
  • Carpet

About This Home

As of June 2014

Nice well kept duplex. Front unit is a 2 bedroom one bath, rear unit is a 2 bedroom 2bath. Each unit has a two car garage in rear of bldg. There is an alley access to garages and units. Easy maintenance. Close to all shopping and schools. Always rented. Please do not disturb occupants.

Last Agent to Sell the Property

Ambrose Quintanilla

Ambrose Realty License #00717140 Listed on: 12/14/2013

Last Buyer's Agent

Ambrose Quintanilla

Ambrose Realty License #00717140 Listed on: 12/14/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,345

Year Built

  • Built in 1977

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 4529
  • Assessor Parcel Number 443101025

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Trash Expense $276
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,063
  • Gross Income $1,475
  • Net Operating Income $1,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,345

Year Built

Built in 1977

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 443101025
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 88.90
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Sewer: Sewer Paid
  • Trash Expense: 276.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 1475.00
  • Gross Scheduled Income: 1475.00
  • Gross Spendable Income: 1275.00
  • Insurance Expense: 500.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 1275.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Actual Rent: 1475.00

Tax Info

  • New Taxes Expense: 2063.00
  • Tax Lot: 6
  • Tax Tract Number: 4529
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2014
Sold by
Montez Gerald R
Bought by
Freshour Daren Kent
Current Estimated Value
$404,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,098
Interest Rate
4.27%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 22, 2010
Sold by
Sarkis Nader and Sarkis Magda
Bought by
Montez Gerald R

Purchase Details

Closed on
Apr 27, 2009
Sold by
Bank Of New York
Bought by
Sarkis Nader and Sarkis Magda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2008
Sold by
Montaque Leonard M
Bought by
Bank Of New York

Purchase Details

Closed on
Aug 19, 2005
Sold by
Benavides Walter R
Bought by
Montaque Leonard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
3.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 4, 2005
Sold by
Benavides Delia M
Bought by
Benavides Walter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,400
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2005
Sold by
Simpson Stephen P and Simpson Lucila I
Bought by
Benavides Walter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,400
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 2005
Sold by
Simpson Stephen P and Simpson Lucila I
Bought by
Simpson Stephen P and Simpson Lucila I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,400
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2002
Sold by
Hickey Paul R and Hickey Esther P
Bought by
Simpson Stephen P and Simpson Lucila I

Purchase Details

Closed on
Oct 24, 2000
Sold by
Andaya Abraham
Bought by
Hickey Paul R and Hickey Esther P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,386
Interest Rate
7.66%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 1998
Sold by
Ziperovich Saul and Ziperovich Martha
Bought by
Andaya Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,476
Interest Rate
7.13%
Mortgage Type
FHA
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
Freshour Daren Kent $165,000 Lawyers Title
Montez Gerald R $132,000 Chicago Title Inland Empire
Sarkis Nader $85,000 Landsafe Title Of Ca Inc
Bank Of New York $168,000 None Available
Montaque Leonard M $395,000 Chicago Title Company
Benavides Walter R -- Fidelity Natl Title Ins Co
Benavides Walter R $318,000 Fidelity Natl Title Ins Co
Simpson Stephen P -- --
Simpson Stephen P $125,000 Fidelity National Title
Hickey Paul R $73,500 Fidelity National Title Ins
Andaya Abraham $53,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freshour Daren Kent $151,098
Previous Owner Sarkis Nader $63,750
Previous Owner Montaque Leonard M $296,250
Previous Owner Benavides Walter R $254,400
Previous Owner Hickey Paul R $73,386
Previous Owner Andaya Abraham $53,476
Closed Benavides Walter R $31,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2014 06/05/14 Sold $165,000 0.0% $89 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
12/14/2013 12/14/13 For Sale $165,000 -- $89 / 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 $2,345 $202,256 $42,899 $159,357
2023 $2,345 $194,404 $41,234 $153,170
2022 $2,275 $190,593 $40,426 $150,167
2021 $2,238 $186,857 $39,634 $147,223
2020 $2,219 $184,942 $39,228 $145,714
2019 $2,172 $181,316 $38,459 $142,857
2018 $2,107 $177,761 $37,705 $140,056
2017 $2,082 $174,276 $36,966 $137,310
2016 $2,068 $170,860 $36,242 $134,618
2015 $2,230 $168,296 $35,699 $132,597
2014 $1,668 $137,954 $20,902 $117,052
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Ambrose Quintanilla

    Ambrose Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13247622

California Regional Multiple Listing Service (CRMLS)

APN: 443-101-025

California Riverside County Hemet 92543

748 W Devonshire Ave, Hemet, CA

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