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27515 Bancroft Way

27515 Bancroft Way, Hemet, CA 92544
Property in Riverside
Sold Mar 24, 2017
$210,000
$206,196 by Megastar Financial Corp
Mortgage Due Apr 01, 2047
Sold Oct 16, 2012
$117,000
$114,880 by International City Mortgage In
Mortgage Due Nov 01, 2042
Local assessors in Hemet, CA have categorized 27515 Bancroft Way as a residential type of property. The home was built in 1972 and is 52 years old. It was most recently renovated and altered in 1973. The property's lot size has been calculated to be 7,405 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 27515 Bancroft Way has a total of 1,233 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 511 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 27515 Bancroft Way sold most recently in Feb 25, 2017 for a total of $210,000. If you work out the math, that's approximately a cost of $119.05 per sqft. Before that, the property was also sold for $117,000 in Sep 24, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,635 in taxes each year. The initial year of tax delinquency occurred in 2017. 27515 Bancroft Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $234,254. If we break it down further, the land itself was valued at $39,041. Improvements to the property, however, were assessed at a total of $195,213. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Excellent
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 511
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 1,233
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,233
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 3985
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 35 MB 071/075 TR 3985

Ownership

  • Current Owner : ALVAREZ JOHN C
  • Current Owner 2: LANE JESSICA
  • Previous Owner : FARRIS THOMAS
  • Previous Owner 2: FARRIS SELENA
  • Owner Before Previous Owner: YERKES JEFFREY
  • Owner Before Previous Owner 2: YERKES SHANNON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Hemet Unified School District
  • Census Tract: 043304

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 3985
  • Parcel: 450-154-006
  • Lot: 35
  • Municipality: HEMET UNIFIED
  • Latitude: 33.7236
  • Longitude: -116.929

    Address

  • Full Address: 27515 Bancroft Way
  • Address - House Number: 27515
  • Address - Street Name: Bancroft
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Hemet
  • Carrier Code: C050
  • 4-Digit Zip Code: 8324
  • Zip Code: 92544

Valuation

    Tax

  • Total Area: 1,233
  • Tax Year: 2023
  • Tax Amount: $2,635
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: 071-078

    Appraisal Valuation

  • Standard Deviation: 0.1971
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 73
  • Final Value: 423,076
  • High Value: 506,482
  • Low Value: 339,670

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $206,196
  • First Open Lien Mortgage Lender: MEGASTAR FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Mar 24, 2017
  • First Open Lien Mortgage Loan Amount: $206,196
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2047

    Market Valuation

  • Market Total Value: $277,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,254
  • Assessed Land Value: $39,041
  • Assessed Improvements Value: $195,213

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2017
  • Current Sale Recording Date: Mar 24, 2017
  • Current Sale Transaction ID: 1806564302
  • Current Sale Price: $210,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2017-0120233
  • Previous Sale Recording Date: Oct 16, 2012
  • Previous Sale Contract Date: Sep 24, 2012
  • Previous Sale Amount: $117,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MEGASTAR FINANCIAL CORP
  • First Mortgage Transaction Date: Mar 24, 2017
  • First Mortgage Loan Amount: $206,196
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: INTERNATIONAL CITY MORTGAGE IN
  • Previous Mortgage Transaction Date: Oct 16, 2012
  • Previous Mortgage Loan Amount: $114,880
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2042

About East Hemet



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Frequently Asked Questions

What neighborhood is 27515 Bancroft Way located in?
The 27515 Bancroft Way is a located in the neighborhood of Riverside in East Hemet, Hemet.
What is the average sales price for listings in 27515 Bancroft Way?
The average sales price for units in 27515 Bancroft Way is $0 currently.

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