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40897 Lela May Ave

Hemet, CA 92544

3 bd 2 ba 1,394 sqft Built 1977 Lot 9,148 sqft single_family
Most recent sale
$420,000
Dec 13, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 13, 2021 Sold $420,000 MLS #SW21226487
Nov 15, 2021 Price changed $405,000 MLS #SW21226487
Oct 21, 2021 Relisted $389,000 MLS #SW21226487
Oct 15, 2021 Listed $389,000 MLS #SW21226487
Apr 18, 2018 Sold $244,000 MLS #300522464
Feb 20, 2018 Listed $244,000 MLS #SW18039321

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $397,953 $47,754 $445,707 $5,071
2024 $397,953 $47,754 $445,707 $4,973
2023 $382,500 $45,900 $428,400 $4,906
2022 $375,000 $45,000 $420,000 $4,810
2021 $224,951 $31,535 $256,486 $2,960
2020 $222,645 $31,212 $253,857 $2,925
2019 $218,280 $30,600 $248,880 $2,861
2018 $84,389 $44,993 $129,382 $1,496
2017 $82,735 $44,111 $126,846 $1,479
2016 $81,113 $43,247 $124,360 $1,468
2015 $79,896 $42,599 $122,495 $1,464
2014 $78,332 $41,765 $120,097 $1,398
2013 $77,979 $41,577 $119,556 $1,398
2012 $76,450 $40,762 $117,212 $1,372
2010 $74,951 $39,963 $114,914 $1,322
2009 $74,570 $39,760 $114,330 $1,306
2008 $73,108 $38,981 $112,089 $1,298
2007 $71,675 $38,217 $109,892 $1,243

Property facts

Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,394 sqft
Lot size
9,148 sqft
ZIP code
92544
City
Hemet
Street
Lela May Ave
Coordinates
33.73877, -116.94690

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$4,461
Gross rental yield
12.75%
Implied cap rate
8.28%
Trend-extrapolated value

Frequently asked questions

When did 40897 Lela May Ave last sell?
40897 Lela May Ave most recently sold on Dec 13, 2021 for $420,000.
What is the current tax assessment for 40897 Lela May Ave?
The most recent total assessment for 40897 Lela May Ave (year 2025) is $445,707 with $5,071 in property tax.
How does 40897 Lela May Ave's assessment compare to its last sale price?
The current assessment is 6.1% above the last sale price of $420,000.
When was 40897 Lela May Ave built?
40897 Lela May Ave was built in 1977.
How does 40897 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 40897 Lela May Ave?
40897 Lela May Ave is a 3 bed, 2 bath, 1,394 sqft, 9,148 sqft lot single_family.
Is 40897 Lela May Ave a flip candidate?
No — 40897 Lela May Ave does not appear in our flips dataset.
Is 40897 Lela May Ave a tax-appeal candidate?
No — 40897 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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