NOT LISTED FOR SALE

962 Monarch St Hemet, CA 92543

Estimated Value: $845,000 - $988,000

8 Beds
8 Baths
3,800 Sq Ft
$240/Sq Ft Est. Value

Sale Details

Date Sold: February 15, 2022

Last sale price $725,000 $191 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,034 / mo

7 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Fireplace
  • Mountain View
  • 8 Car Direct Access Garage
  • Central Heating and Cooling System

About This Home

As of February 2022

Built in 1980, Single Story 2 Bedroom and 1.75 Bath units with attached double car garages. Back unit makes a great owner's unit with a fireplace and private yard. Front unit has an enclosed patio that is used as a 3rd bedroom. Buyer to verify permit status. All units have central A/C and separate meters for gas and electric utilities and separate hot water heaters. Units have tile floors throughout to keep turnover expenses low. Rents are low so lots of upside. No rent increases have been given in more than 3 years so can bump them up immediately. Water efficient landscaping.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 12/15/2021

Last Buyer's Agent

George Asaad

Berkshire Hathaway HomeService License #01270354

Berkshire Hathaway HomeService

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 11,326 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall

Parking

  • 8 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Two Garage Doors
  • Driveway Level

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,800 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Mountain Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 13
  • Tax Tract Number 9924
  • Assessor Parcel Number 446320062
  • $1,200 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $2,400
  • Other Expense $2,245
  • Trash Expense $1,500
  • Water Sewer Expense $3,000
  • New Taxes Expense $8,614
  • Operating Expense $20,809
  • Gross Income $42,468
  • Net Operating Income $20,385

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0.26 Acres

Parking

8

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 446320062
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 190.79
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway Level, Garage - Two Door
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 950 Square Feet
  • Gross Income: 42468.00
  • Gross Operating Income: 41194.00
  • Gross Scheduled Income: 42468.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 20385.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 20809.00
  • Other Expense: 2245.00
  • Other Expense Description: reserve
  • Rent Control: Yes
  • Total Actual Rent: 3539.00
  • Total Expenses: 20809.00

Tax Info

  • New Taxes Expense: 8614.00
  • Tax Census Tract: 433.12
  • Tax Lot: 13
  • Tax Tract Number: 9924
  • TaxOtherAnnualAssessmentAmount: 1200.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
Jan 18, 2022
Sold by
Bought by
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
George Asaad
Berkshire Hathaway HomeService
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Current Estimated Value
$986,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,502
Avg. Annual Appreciation
5.39%
Original Mortgage
$513,750
Interest Rate
0.0356%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2013
Closed on
Jan 28, 2014
Sold by
Bought by
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Richard Bell
Bell Realty Group
List Price
$345,000
Sold Price
$275,000
Premium/Discount to List
-$70,000
-20.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.87%

Purchase Details

Closed on
Sep 4, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,920
Interest Rate
0.0624%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,920
Interest Rate
0.0624%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2003
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 2001
Sold by
Bought by

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
0.0713%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$725,000 Lawyers Title
$275,000 Fidelity National Title Oran
-- --
$390,000 United Title Company
-- --
$195,000 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $513,750
Closed $378,000
Closed $311,920
Closed $192,500
Closed $175,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2022 02/15/22 Sold $725,000 -3.2% $191 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
12/15/2021 12/15/21 For Sale $749,000 +172.4% $197 / Sq Ft
02/13/2014 02/13/14 Sold $275,000 -20.3% $72 / Sq Ft View Prior Sale
01/14/2014 01/14/14 Pending -- -- --
09/18/2013 09/18/13 For Sale $345,000 -- $91 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,840 $769,375 $106,120 $663,255
2023 $8,669 $739,500 $102,000 $637,500
2022 $3,762 $317,657 $80,854 $236,803
2021 $3,702 $311,429 $79,269 $232,160
2020 $3,670 $308,237 $78,457 $229,780
2019 $3,592 $302,194 $76,919 $225,275
2018 $3,484 $296,269 $75,412 $220,857
2017 $3,444 $290,461 $73,934 $216,527
2016 $3,419 $284,767 $72,485 $212,282
2015 $3,409 $280,493 $71,398 $209,095
2014 $2,810 $235,000 $60,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21264878

California Regional Multiple Listing Service (CRMLS)

APN: 446-320-062

Your Personal Tour Guide

Ask me questions while you tour the home.