NOT LISTED FOR SALE

802 Chestnut Ave Beaumont, CA 92223

Estimated Value: $581,000 - $640,000

7 Beds
4 Baths
2,875 Sq Ft
$214/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $405,000 $141 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,694/month

3 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

As of March 2020

Are you looking for rental property and live on site? Rare doublex with a single family on the same parcel. Two units feature 2 bedrooms with 1 bath each with separate 2 car garages. A single home with 3 bedrooms and 2 bathrooms with attached 2 car garage. All 3 units have individual front and backyards.

Last Agent to Sell the Property

MICHELLE PRATT

FAMILY TREE REALTY, INC. License #01433324 Listed on: 01/21/2020

Last Buyer's Agent

Rachel Mai

Realty Masters & Associates License #01729622

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Front Yard Sprinklers

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,875 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 16 / 58
  • Tax Tract Number 439
  • Assessor Parcel Number 415313028

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $198
  • Trash Expense $50
  • Water Sewer Expense $138
  • New Taxes Expense $5,412
  • Operating Expense $188
  • Gross Income $3,535
  • Net Operating Income $2,915

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 137.56
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 415313028
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 140.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 49.98
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lot 10000-19999 Sqft, Sprinklers In Front
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Gross Income: 3535.00
  • Gross Scheduled Income: 3235.00
  • Insurance Expense: 198.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 2915.19
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 319.81
  • Rent Control: No
  • Total Expenses: 187.54

Tax Info

  • New Taxes Expense: 5412.00
  • Tax Block: 58
  • Tax Census Tract: 439.00
  • Tax Lot: 16
  • Tax Tract Number: 439

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 11, 2020
Sold by
Loh Teck Ching
Bought by
Mai Jiqiu Rachel
Seller's Agent
MICHELLE PRATT
FAMILY TREE REALTY, INC.
Buyer's Agent
Rachel Mai
Realty Masters & Associates
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%
Current Estimated Value
$614,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,489
Avg. Annual Appreciation
7.47%

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 4, 2020
Sold by
Velazco Lorenza and Ramirez Miguel Angel
Bought by
Mai Jiqiu Rachel
Seller's Agent
MICHELLE PRATT
FAMILY TREE REALTY, INC.
Buyer's Agent
Rachel Mai
Realty Masters & Associates
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%

Purchase Details

Closed on
Mar 18, 2004
Sold by
Velazco Arturo and Velazco Lorena
Bought by
Robles Miguel Ramirez and Velazco Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2002
Sold by
Ramirez Miguel A
Bought by
Velazco Lorena

Purchase Details

Closed on
Nov 5, 2001
Sold by
Barker Gregory D and Barker Marilyn S
Bought by
Velazco Arturo and Velazco Lorena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1997
Sold by
Dean Graham Jamie and Debreo Graham Gidget
Bought by
Barker Gregory D and Barker Marilyn S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mai Jiqiu Rachel -- Orange Coast Title Co
Mai Jiqiu Rachel $405,000 Orange Coast Title Co
Robles Miguel Ramirez -- United Title Company-La
Velazco Lorena -- Stewart Title
Velazco Arturo -- Stewart Title
Velazco Arturo $176,000 Stewart Title
Barker Gregory D -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robles Miguel Ramirez $170,000
Previous Owner Velazco Arturo $158,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Sold $405,000 +1.3% $141 / Sq Ft
01/25/2020 01/25/20 For Sale $400,000 -1.2% $139 / Sq Ft
01/24/2020 01/24/20 Off Market $405,000 -- --
01/24/2020 01/24/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $400,000 -- $139 / 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 $5,696 $442,922 $65,616 $377,306
2023 $5,696 $425,724 $63,069 $362,655
2022 $6,061 $417,378 $61,833 $355,545
2021 $5,768 $409,195 $60,621 $348,574
2020 $3,792 $265,104 $52,878 $212,226
2019 $3,530 $259,907 $51,842 $208,065
2018 $3,517 $254,812 $50,827 $203,985
2017 $3,462 $249,817 $49,831 $199,986
2016 $3,371 $244,919 $48,854 $196,065
2015 $3,315 $241,242 $48,121 $193,121
2014 $3,317 $236,518 $47,179 $189,339
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    MICHELLE PRATT

    FAMILY TREE REALTY, INC.

    (909) 717-7381

    3 in this area

    33 Total Sales

    MICHELLE PRATT
    Section Image

  • R

    Buyer's Agent in 2020

    Rachel Mai

    Realty Masters & Associates

    (909) 313-9279

    1 in this area

    17 Total Sales

    Rachel Mai
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV20014705

California Regional Multiple Listing Service (CRMLS)

APN: 415-313-028

California Riverside County Beaumont 92223

802 Chestnut Ave, Beaumont, CA

Not Listed for Sale

MultiFamily

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