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40771 Lela May Ave

Hemet, CA 92544

3 bd 2 ba 1,423 sqft Built 1977 Lot 6,970 sqft single_family
Most recent sale
$320,000
Jan 30, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 15, 2024 Listed $449,900 CRMLS
Jan 30, 2024 Sold $320,000 Public Record
Jun 9, 2015 Listing removed $179,900 CRMLS
Jun 5, 2015 Sold $181,500 Public Record
Apr 15, 2015 Listed $179,900 CRMLS
Aug 5, 2011 Sold $86,000 Public Record
Jun 24, 2011 Listing removed $80,000 CRMLS
Jun 13, 2011 Listed $80,000 CRMLS
Apr 28, 2011 Listing removed $75,000 CRMLS
Mar 17, 2011 Price changed $75,000 CRMLS
Feb 16, 2011 Listed $85,000 CRMLS
Sep 7, 2007 Sold $213,000 Public Record
Jan 31, 2003 Sold $156,000 Public Record
Feb 9, 1994 Sold $89,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $428,400 $30,600 $459,000 $5,221
2024 $428,400 $30,600 $459,000 $4,973
2023 $186,556 $23,100 $209,656 $2,340
2022 $182,899 $22,648 $205,547 $2,293
2021 $179,313 $22,204 $201,517 $2,254
2020 $177,475 $21,977 $199,452 $2,227
2019 $173,996 $21,547 $195,543 $2,177
2018 $170,585 $21,125 $191,710 $2,115
2017 $167,241 $20,711 $187,952 $2,088
2016 $163,962 $20,305 $184,267 $2,068
2015 $68,975 $20,900 $89,875 $1,083
2014 $67,625 $20,492 $88,117 $1,035
2013 $67,320 $20,400 $87,720 $1,415
2012 $66,000 $20,000 $86,000 $1,201
2009 $77,000 $38,000 $115,000 $1,236
2008 $143,000 $70,000 $213,000 $2,344
2007 $124,965 $43,238 $168,203 $1,800

Property facts

Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,423 sqft
Lot size
6,970 sqft
ZIP code
92544
City
Hemet
Street
Lela May Ave
Coordinates
33.73868, -116.94928

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,920
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 40771 Lela May Ave last sell?
40771 Lela May Ave most recently sold on Jan 30, 2024 for $320,000.
What is the current tax assessment for 40771 Lela May Ave?
The most recent total assessment for 40771 Lela May Ave (year 2025) is $459,000 with $5,221 in property tax.
How does 40771 Lela May Ave's assessment compare to its last sale price?
The current assessment is 43.4% above the last sale price of $320,000.
When was 40771 Lela May Ave built?
40771 Lela May Ave was built in 1977.
How does 40771 Lela May Ave compare to others on Lela May Ave?
We track 8 other properties on Lela May Ave. Browse the list under "Other properties on Lela May Ave" to compare beds, baths, and sale history.
What are the property facts for 40771 Lela May Ave?
40771 Lela May Ave is a 3 bed, 2 bath, 1,423 sqft, 6,970 sqft lot single_family.
Is 40771 Lela May Ave a flip candidate?
No — 40771 Lela May Ave does not appear in our flips dataset.
Is 40771 Lela May Ave a tax-appeal candidate?
Yes — 40771 Lela May Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+4.6%
Implied 1-yr
+18.3%
2026 Q3
$496.1K
2026 Q4
$513.6K
ZIP 92544 — Median Price History + Forecast

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