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40865 Lela May Ave

Hemet, CA 92544

3 bd 2 ba 1,423 sqft Built 1977 Lot 7,841 sqft single_family
Most recent sale
$425,000
Apr 11, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 11, 2022 Sold $425,000 MLS #OC22034469
Mar 14, 2022 Price changed $425,000 MLS #OC22034469
Feb 26, 2022 Listed $400,000 MLS #OC22034469
Aug 23, 2017 Sold $235,000 MLS #SW17088317
Jul 14, 2017 Relisted $230,000 MLS #SW17088317
May 8, 2017 Listing removed $230,000 CRMLS
Apr 24, 2017 Listed $230,000 MLS #SW17088317
Jan 23, 2009 Sold $50,000 Public Record
Oct 5, 2008 Listing removed $209,750 SoCalMLS
Jun 23, 2008 Listed $209,750 MLS #H737264
Jan 31, 2003 Sold $155,000 Public Record
Jun 6, 1994 Sold $92,000 Public Record
Jul 5, 1983 Sold $58,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $419,177 $31,836 $451,013 $5,131
2024 $419,177 $31,836 $451,013 $5,031
2023 $402,900 $30,600 $433,500 $4,964
2022 $219,800 $32,165 $251,965 $2,900
2021 $215,491 $31,535 $247,026 $3,442
2020 $213,282 $31,212 $244,494 $3,394
2019 $209,100 $30,600 $239,700 $3,260
2018 $205,000 $30,000 $235,000 $2,913
2017 $118,717 $22,188 $140,905 $1,638
2016 $116,390 $21,753 $138,143 $1,626
2015 $114,643 $21,427 $136,070 $1,621
2014 $112,399 $21,008 $133,407 $1,548
2013 $95,000 $18,000 $113,000 $1,325
2012 $80,000 $15,000 $95,000 $1,122
2010 $81,179 $14,671 $95,850 $1,143
2009 $89,000 $26,000 $115,000 $1,314
2008 $169,000 $50,000 $219,000 $2,805
2007 $124,315 $43,238 $167,553 $2,081

Property facts

Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,423 sqft
Lot size
7,841 sqft
ZIP code
92544
City
Hemet
Street
Lela May Ave
Coordinates
33.73878, -116.94750

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$4,554
Gross rental yield
12.86%
Implied cap rate
8.36%
Trend-extrapolated value

Frequently asked questions

When did 40865 Lela May Ave last sell?
40865 Lela May Ave most recently sold on Apr 11, 2022 for $425,000.
What is the current tax assessment for 40865 Lela May Ave?
The most recent total assessment for 40865 Lela May Ave (year 2025) is $451,013 with $5,131 in property tax.
How does 40865 Lela May Ave's assessment compare to its last sale price?
The current assessment is 6.1% above the last sale price of $425,000.
When was 40865 Lela May Ave built?
40865 Lela May Ave was built in 1977.
How does 40865 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 40865 Lela May Ave?
40865 Lela May Ave is a 3 bed, 2 bath, 1,423 sqft, 7,841 sqft lot single_family.
Is 40865 Lela May Ave a flip candidate?
No — 40865 Lela May Ave does not appear in our flips dataset.
Is 40865 Lela May Ave a tax-appeal candidate?
No — 40865 Lela May Ave is not currently flagged as a tax-appeal candidate.

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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