NOT LISTED FOR SALE

Estimated Value: $483,000 - $508,000

4 Beds
3 Baths
1,892 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 29, 2012

Last sale price $100,000 $53 Per Sq Ft

Est. 395% increase in value since last sale

Current estimated payment $2,713/month

17 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of November 2012

Standard Sale! Price reflects a very motivated Seller. Single level Triplex, two of the units are 1 bedroom & one unit is a 2 bedroom. Electric & Gas for each unit are on it's own meters and paid by tenants. Water utility is not metered separately and currently is included in rent and paid by owner. All units have fully functional kitchens. The units are cottage style apartments. Centrally located near the Hemet Hospital.

Last Agent to Sell the Property

PEARLIE GOLDING

Berkshire Hathaway HomeServices California Properties License #01836680 Listed on: 10/23/2012

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

John Saunders

SAUNDERS & ASSOCIATES License #01701970

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,892 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Parking

  • 2 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 26385
  • Assessor Parcel Number 445350005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,000
  • Trash Expense $180
  • Water Sewer Expense $1,200
  • New Taxes Expense $610
  • Gross Income $1,750
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 445350005
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 52.85
  • Room Type: All Bedrooms Down

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup
  • Sewer: Sewer Assessments
  • Trash Expense: 180.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 1750.00
  • Gross Scheduled Income: 1750.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 20400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 600.00
  • Rent Control: No
  • Total Actual Rent: 3.00
  • Vacancy Allowance Rate: 25.00

Tax Info

  • New Taxes Expense: 610.00
  • Tax Lot: 8
  • Tax Tract Number: 26385

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2012
Closed on
Nov 16, 2012
Sold by
Taormina Betty J
Bought by
Porto Management Inc
Seller's Agent
PEARLIE GOLDING
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
John Saunders
SAUNDERS & ASSOCIATES
List Price
$109,900
Sold Price
$100,000
Premium/Discount to List
-$9,900
-9.01%
Current Estimated Value
$495,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,333
Avg. Annual Appreciation
12.95%

Purchase Details

Closed on
Apr 25, 2003
Sold by
Mena Frances
Bought by
Mena Frances and Taormina Betty J

Purchase Details

Closed on
Feb 7, 2000
Sold by
Vanmena Robert and Mena Katherine Jane
Bought by
Mena Frances
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Porto Management Inc $100,000 Landwood Title
Mena Frances -- --
Mena Frances -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2012 11/29/12 Sold $100,000 -9.0% $53 / Sq Ft
11/09/2012 11/09/12 Pending -- -- --
10/23/2012 10/23/12 For Sale $109,900 -- $58 / 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 $1,471 $123,128 $24,620 $98,508
2023 $1,471 $118,349 $23,665 $94,684
2022 $1,429 $116,029 $23,201 $92,828
2021 $1,407 $113,755 $22,747 $91,008
2020 $1,404 $112,589 $22,514 $90,075
2019 $1,375 $110,382 $22,073 $88,309
2018 $1,336 $108,219 $21,641 $86,578
2017 $1,321 $106,098 $21,217 $84,881
2016 $1,312 $104,018 $20,801 $83,217
2015 $1,295 $102,458 $20,490 $81,968
2014 $1,241 $100,453 $20,090 $80,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW12132268

California Regional Multiple Listing Service (CRMLS)

APN: 445-350-005