NOT LISTED FOR SALE

Estimated Value: $501,000 - $535,000

4 Beds
4 Baths
2,800 Sq Ft
$186/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $450,000 $161 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,174/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • No HOA
  • End Unit
  • Private Yard
  • Living Room

About This Home

As of March 2022

Great area of Hemet with mostly duplexes on a horse shoe style street. This one is on a corner with separate 2 car driveways. No hassle with tenants and coming and going or blocking the driveway as some others. Always in demand for tenants. These are centrally located in the incorporated city of Hemet. One level, one story with two car garages each! One unit has tile flooring. Each dwelling has a full bath with tub and a 3/4 bath in the master bedroom suite. The two, two car garages separate any walls to living quarters. Since on a corner they are more similar to private houses. 579 Ironwood is the other address. Long term tenants below market.

Last Agent to Sell the Property

Carl Mitrak

WINDERMERE DESERT PROPERTIES License #00519085 Listed on: 02/20/2022

WINDERMERE DESERT PROPERTIES

Last Buyer's Agent

Larry Moreland

Larry Moreland Real Estate License #01185815

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Wood Fence
  • Corner Lot
  • Level Lot
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Entryway
  • Living Room
  • Storage

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 22
  • Tax Tract Number 12242
  • Assessor Parcel Number 446104022
  • $202 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $400
  • Insurance Expense $1,090
  • Trash Expense $930
  • Water Sewer Expense $3,690
  • Operating Expense $6,350
  • Gross Income $15,600
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3690.00
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 400.00
  • Parcel Number: 446104022
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Storage
  • Stories: 1
  • Common Walls: End Unit, No Common Walls
  • Flooring: Carpet, Concrete, Tile
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 160.71
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Exterior Features: Satellite Dish
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Forced Air
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 930.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Level with Street, Level, Yard
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1096 Square Feet
  • Gross Income: 15600.00
  • Gross Scheduled Income: 21900.00
  • Insurance Expense: 1090.00
  • Lot Size Area: 9583.0000 Square Feet
  • Net Operating Income: 15600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 6350.00
  • Rent Control: Yes
  • Total Expenses: 6350.00

Tax Info

  • Tax Census Tract: 434.04
  • Tax Lot: 22
  • Tax Tract Number: 12242
  • TaxOtherAnnualAssessmentAmount: 202.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2008
Sold by
U S Bank Na
Bought by
Seligsohn Bruce M and Seligsohn Carol
Current Estimated Value
$520,333

Purchase Details

Closed on
Sep 3, 2008
Sold by
Barboza Rafael
Bought by
U S Bank Na and J P Morgan Chase Bank Na Wmc4

Purchase Details

Closed on
Sep 8, 2006
Sold by
Barboza Laura
Bought by
Barboza Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.2%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 28, 2006
Sold by
Keyser Stephan P and Keyser Ph D Harold Haun
Bought by
Barboza Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
8.2%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Seligsohn Bruce M $216,000 Chicago Title Company
U S Bank Na $195,398 Accommodation
Barboza Rafael -- Advantage Title Inc
Barboza Rafael $420,000 Advantage Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barboza Rafael $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $450,000 -10.0% $161 / Sq Ft
02/20/2022 02/20/22 For Sale $499,999 -- $179 / 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 $5,475 $477,541 $138,678 $338,863
2023 $5,475 $458,999 $133,294 $325,705
2022 $3,169 $262,092 $72,799 $189,293
2021 $3,119 $256,954 $71,372 $185,582
2020 $3,090 $254,321 $70,641 $183,680
2019 $3,025 $249,335 $69,256 $180,079
2018 $2,936 $244,448 $67,899 $176,549
2017 $2,903 $239,656 $66,568 $173,088
2016 $2,882 $234,958 $65,263 $169,695
2015 $2,874 $231,431 $64,284 $167,147
2014 $2,751 $226,900 $63,026 $163,874
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22030092

California Regional Multiple Listing Service (CRMLS)

APN: 446-104-022