NOT LISTED FOR SALE

944 Monarch St Hemet, CA 92543

Estimated Value: $697,000 - $813,932

8 Beds
8 Baths
4,026 Sq Ft
$188/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $310,000 $77 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $4,467/month

49 Days on Market

About This Home

As of August 2014

Great opportunity to own an excellent income producing property. 4 Units all 2 bed 2 bath with attached 2 car garages. Current owner has been remodeling each unit as they become vacant. Currently all units are rented. Do not disturb Tenants.

Last Agent to Sell the Property

GRAHAM HOLMES

Homesmart Realty License #01455394 Listed on: 05/27/2014

Co-Listed By

DARCI FLEMING

REVIRON REALTY License #01278269

Last Buyer's Agent

Aaron Marin

SAN MARINO REALTY License #01139451

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,026 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 9924
  • Assessor Parcel Number 446320061

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 446320061
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 77.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 11251.00
  • Lot Size Acres: 0.2580

Multi Family

  • Average2 Bed Area: 1006
  • Lot Size Area: 11251.0000 Square Feet
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 9924
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2022
Sold by
Huifang Chen
Bought by
Chen Huifang and Yuen Yin Wa
Current Estimated Value
$755,733

Purchase Details

Closed on
Jul 10, 2022
Sold by
Waylang Lim William
Bought by
Chen Huifang

Purchase Details

Closed on
Apr 17, 2019
Sold by
Pintado Gabino and Pintado Dolores M
Bought by
Chen Huifang and Yuen Yin Wa

Purchase Details

Closed on
Apr 4, 2019
Sold by
Fai Ho Yam
Bought by
Yuen Yin Wa

Purchase Details

Closed on
Feb 13, 2018
Sold by
Ezaaa Properties Llc
Bought by
Pintado Gabino and Pintado Dolores M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,628
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Listed on
May 27, 2014
Closed on
Sep 15, 2014
Sold by
Acevedo Abel
Bought by
Ezaaa Properties Llc
Seller's Agent
GRAHAM HOLMES
Homesmart Realty
Buyer's Agent
Aaron Marin
SAN MARINO REALTY
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$225,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Listed on
May 27, 2014
Closed on
Jul 30, 2014
Sold by
Huang Qing and Zhang Xianjie
Bought by
Acevedo Abel
Seller's Agent
GRAHAM HOLMES
Homesmart Realty
Buyer's Agent
Aaron Marin
SAN MARINO REALTY
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2012
Sold by
Huang Qing and Zhang Xianjie
Bought by
Huang Qing and Zhang Xianjie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
2.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2011
Sold by
Velasquez Richard
Bought by
Huang Qing and Zhang Xianjie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2006
Sold by
Velasquez Richard
Bought by
Velasquez Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,500
Interest Rate
6.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 27, 2006
Sold by
Velasquez Richard
Bought by
Velasquez Richard

Purchase Details

Closed on
Nov 12, 2004
Sold by
Aistars Ellen and Aistars Arnis
Bought by
Velasquez Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,200
Interest Rate
4.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2003
Sold by
Grittman Maria
Bought by
Aistars Arnis and Aistars Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,700
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2001
Sold by
Keil Earl L
Bought by
Grittman Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.13%
Mortgage Type
Seller Take Back
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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Purchase History

Date Buyer Sale Price Title Company
Chen Huifang $49,500 None Listed On Document
Chen Huifang -- None Listed On Document
Chen Huifang $493,500 Lawyers Title Company
Yuen Yin Wa -- Lawyers Title
Chen Huifang -- Lawyers Title
Pintado Gabino $407,000 Lawyers Title
Ezaaa Properties Llc -- None Available
Acevedo Abel $300,000 Ticor Title
Huang Qing -- Wft Title
Huang Qing $232,000 Investors Title Company
Velasquez Richard -- Pacific Title Company
Velasquez Richard -- Multiple
Velasquez Richard -- None Available
Velasquez Richard $569,000 Chicago Title
Aistars Arnis $389,000 United Title Company
Grittman Maria $195,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pintado Gabino $399,628
Previous Owner Acevedo Abel $225,000
Previous Owner Huang Qing $173,000
Previous Owner Huang Qing $174,000
Previous Owner Velasquez Richard $486,500
Previous Owner Velasquez Richard $455,200
Previous Owner Aistars Arnis $349,700
Previous Owner Grittman Maria $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2014 08/29/14 Sold $310,000 -2.8% $77 / Sq Ft
06/16/2014 06/16/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $319,000 +37.5% $79 / Sq Ft
03/12/2012 03/12/12 Sold $232,000 -13.8% $46 / Sq Ft View Prior Sale
01/28/2012 01/28/12 Pending -- -- --
09/30/2011 09/30/11 For Sale $269,000 -- $54 / 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 $6,230 $549,145 $82,383 $466,762
2023 $6,230 $527,823 $79,185 $448,638
2022 $6,045 $518,492 $77,786 $440,706
2021 $5,946 $508,326 $76,261 $432,065
2020 $5,883 $503,115 $75,480 $427,635
2019 $4,871 $415,140 $153,000 $262,140
2018 $3,714 $316,877 $73,937 $242,940
2017 $3,671 $310,665 $72,488 $238,177
2016 $3,645 $304,574 $71,067 $233,507
2015 $3,635 $300,000 $70,000 $230,000
2014 $2,841 $237,713 $40,985 $196,728
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14087255

California Regional Multiple Listing Service (CRMLS)

APN: 446-320-061