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635 Montecito Avenue

635 Montecito Avenue, Hemet, CA 92543
Multifamily in Riverside
Sold May 08, 2019
$510,000
$352,000 by Jmac Lending Inc
Mortgage Due Feb 01, 2052
Sold Jul 13, 2004
$475,000
$378,250 by Novastar Mortgage Inc
Mortgage Due Aug 01, 2034
635 Montecito Avenue has been categorized by the local assessors in Hemet, CA as a residential type of property. The building on the property was first built in 1776 and is 248 years old. The area measurement of the land has been determined as 11,326 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 635 Montecito Avenue was last sold in Apr 27, 2019 for $510,000. Prior to that sales transaction, the property was sold for $475,000 in Jun 10, 2004. Current property owners are expected to pay $6,368 in taxes per year. The property on 635 Montecito Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $546,821. To break that down further, the land itself was valued at $192,996. While improvements to the property were assessed at a total of $353,825. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1776
  • Effective Year Built: 1776
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Quadplex
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO. 9924
  • Land Acres: 0.26
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: LOT 16 MB 095/024 TR 9924

Ownership

  • Current Owner : SU LI
  • Previous Owner : PENGSON JOEL
  • Previous Owner 2: PENGSON LUCIA
  • Owner Before Previous Owner: KB & E CORP
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Hemet Unified School District
  • Census Tract: 043312

Zoning

  • Zoning: R3

Geography

  • Subdivision Tract Number: 9924
  • Parcel: 446-320-065
  • Lot: 16
  • Municipality: HEMET
  • Latitude: 33.7314
  • Longitude: -116.966

    Address

  • Full Address: 635 Montecito Ave
  • Address - House Number: 635
  • Address - Street Name: Montecito
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Hemet
  • Carrier Code: C021
  • 4-Digit Zip Code: 6208
  • Zip Code: 92543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,368
  • Tax Rate Code Area: 006-003

    Appraisal Valuation

  • Standard Deviation: 0.224
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 792,377
  • High Value: 969,940
  • Low Value: 614,815

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,000
  • First Open Lien Mortgage Lender: JMAC LENDING INC
  • First Open Lien Mortgage Recording Date: Jan 04, 2022
  • First Open Lien Mortgage Loan Amount: $352,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $546,821
  • Assessed Land Value: $192,996
  • Assessed Improvements Value: $353,825

    Sales

  • Current Sale Contract Date: Apr 27, 2019
  • Current Sale Recording Date: May 08, 2019
  • Current Sale Transaction ID: 11604468317
  • Current Sale Price: $510,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019-0160502
  • Previous Sale Recording Date: Jul 13, 2004
  • Previous Sale Contract Date: Jun 10, 2004
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: NOVASTAR MORTGAGE INC
  • Previous Mortgage Transaction Date: Jul 13, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $378,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2034

About Hemet



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Frequently Asked Questions

What neighborhood is 635 Montecito Avenue located in?
The 635 Montecito Avenue is a multifamily located in the neighborhood of Riverside in Hemet, Hemet.
What is the average sales price for listings in 635 Montecito Avenue?
The average sales price for units in 635 Montecito Avenue is $0 currently.

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