NOT LISTED FOR SALE

796 W Devonshire Ave Hemet, CA 92543

Estimated Value: $438,000 - $510,000

4 Beds
3 Baths
6,098 Sq Ft
$77/Sq Ft Est. Value

Last Sold November 01, 2012

Last sale price $100,000 $16 Per Sq Ft

Est. 372% increase in value since last sale

Current estimated payment $2,718/month

359 Days on Market

Highlights

  • Bungalow
  • Wood Siding
  • Carpet
  • Central Heating

About This Home

As of November 2012

This is a short sale. Bread & butter at this price.Well maintained duplex in a central Hemet location. Both units are rented; each has a private, enclosed patio and two car garag and inside laundry hook ups.

Last Agent to Sell the Property

Leticia Arciniega

Main Street Realty License #01803573 Listed on: 10/05/2011

Last Buyer's Agent

Mike Culton

Brubaker Culton R.E. & Dev. License #00557811

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1977

Lot Details

  • 5,663

Parking

  • 2 Car Garage
  • Rear-Facing Garage
  • Assigned Parking

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,098 Sq Ft Home
  • Window Screens
  • Gas Dryer Hookup

Kitchen

  • Gas Oven or Range
  • Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 4529
  • Assessor Parcel Number 443101028

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Water Sewer Expense $1,800
  • New Taxes Expense $1,022
  • Gross Income $1,350
  • Net Operating Income $10,458

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 8.79
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 443101028
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 16.40
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Roof: Shingle, Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Disposal, Gas Cooking, Gas Water Heater, Range
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Annually

Multi Family

  • Average2 Bed Area: 928
  • Gross Income: 1350.00
  • Gross Multiplier: 7.35
  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 10458.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Operating Expense: 4122.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 1022.00
  • Tax Area: 2010
  • Tax Lot: 3
  • Tax Tract Number: 4529
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2011
Closed on
Oct 1, 2012
Sold by
Perez Fidel and Perez Maria
Bought by
Minkin Jeffery G and Minkin Rita E
Seller's Agent
Leticia Arciniega
Main Street Realty
Buyer's Agent
Mike Culton
Brubaker Culton R.E. & Dev.
List Price
$128,000
Sold Price
$100,000
Premium/Discount to List
-$28,000
-21.88%
Current Estimated Value
$472,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,000
Avg. Annual Appreciation
13.20%

Purchase Details

Closed on
Jan 19, 2010
Sold by
Perez Fidel and Perez Maria
Bought by
Perez Fidel and Perez Maria

Purchase Details

Closed on
Dec 9, 2005
Sold by
Arterbery Lynda
Bought by
Perez Fidel and Perez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 7, 2004
Sold by
Serkin Arnold and Serkin Catherine
Bought by
Arterbery Lynda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,200
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2003
Sold by
Moreau Donald J and Moreau Marjorie
Bought by
Serkin Arnold and Serkin Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2003
Sold by
Mendoza Benjamin
Bought by
Moreau Donald J and Moreau Marjorie

Purchase Details

Closed on
May 27, 2003
Sold by
Mendoza Sheri Lee
Bought by
Mendoza Benjamin

Purchase Details

Closed on
May 1, 2003
Sold by
Hud
Bought by
Mendoza Benjamin

Purchase Details

Closed on
Nov 15, 2002
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 11, 2002
Sold by
Hosein Shiraz and Hosein Michelle
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Nov 6, 2001
Sold by
Hosein Shiraz and Hosein Michelle
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
May 2, 2000
Sold by
Yorba Michael John and Yorba Shirleen
Bought by
Hosein Shiraz and Hosein Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,391
Interest Rate
8.15%
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
Minkin Jeffery G $100,000 Orange Coast Title Company
Perez Fidel -- None Available
Perez Fidel $390,000 Chicago Title Company
Arterbery Lynda $294,000 Southland Title
Serkin Arnold $195,000 --
Moreau Donald J -- --
Mendoza Benjamin -- First American Title Co
Mendoza Benjamin $125,500 First American Title Co
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $95,614 First American Title Ins Co
Chase Manhattan Mtg Corp $78,292 First American Title Ins Co
Hosein Shiraz $70,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Fidel $320,000
Previous Owner Perez Fidel $135,000
Previous Owner Arterbery Lynda $235,200
Previous Owner Serkin Arnold $175,500
Previous Owner Hosein Shiraz $11,608
Previous Owner Hosein Shiraz $11,376
Previous Owner Hosein Shiraz $70,391
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2012 11/01/12 Sold $100,000 -21.9% $16 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
10/05/2011 10/05/11 For Sale $128,000 -- $21 / 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 $1,605 $135,440 $24,619 $110,821
2023 $1,605 $130,183 $23,664 $106,519
2022 $1,559 $127,631 $23,200 $104,431
2021 $1,535 $125,130 $22,746 $102,384
2020 $1,525 $123,848 $22,513 $101,335
2019 $1,494 $121,421 $22,072 $99,349
2018 $1,450 $119,041 $21,641 $97,400
2017 $1,434 $116,708 $21,217 $95,491
2016 $1,424 $114,420 $20,801 $93,619
2015 $1,420 $112,704 $20,490 $92,214
2014 $1,360 $110,498 $20,090 $90,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: H745705

California Regional Multiple Listing Service (CRMLS)

APN: 443-101-028