NOT LISTED FOR SALE

10878 Cherry Ave Cherry Valley, CA 92223

Estimated Value: $1,113,000 - $1,327,917

4 Beds
5 Baths
3,346 Sq Ft
$361/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $1,127,000 $337 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,607/month

83 Days on Market

Highlights

  • Attached Guest House
  • Horse Property
  • Primary Bedroom Suite
  • Barn
  • In Ground Pool
  • 3.84 Acre Lot

About This Home

As of August 2022

Unique opportunity to own this MAGNIFICENT property! Amazing Ranch home with ADU attached sits beautifully on over 3 acres! 5 bedrooms, 3 baths Equestrian property complete with a Castle Brook Barn which was built in 2002. The barn is structured with two cement floors for the tack room, 4 stalls, and finished with a wood structure. This amazing home is centrally located in Cherry Valley and comes complete with upgraded floors, kitchen counters and cabinets. Each bedroom comes complete with its own bathroom. Step out to the back yard and enjoy the sparkling pool on those hot summer days. Immaculately kept property, both inside and out, must see to truly appreciate! This home is also on SOLAR - with 27 solar panels and they are completely PAID FOR! If you’re looking for your own oasis and private sanctuary, look no further, this home was meant for you! Be sure the check out the Virtual Tour!

Last Agent to Sell the Property

Lisa Duarte

LEGACY GROUP REALTY License #01514652 Listed on: 04/11/2022

Last Buyer's Agent

Lisa Duarte

LEGACY GROUP REALTY License #01514652 Listed on: 04/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,975

Year Built

  • Built in 1964

Lot Details

  • 3.84 Acre Lot
  • Rural Setting
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Private Yard
  • Density is 2-5 Units/Acre
  • Value in Land
  • On-Hand Building Permits
  • Property is zoned A-1-1

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Automatic Gate

Home Design

  • Additions or Alterations
  • Composition Roof

Interior Spaces

  • 3,346 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Family Room with Fireplace
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 5 Main Level Bedrooms
  • Primary Bedroom Suite
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • In Ground Pool
  • Horse Property
  • Exterior Lighting

Farming

  • Barn
  • Agricultural

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Conventional Septic

Additional Features

  • Attached Guest House
  • Suburban Location
  • Horse Property Improved

Listing and Financial Details

  • Legal Lot and Block 3 / 12
  • Tax Tract Number 56014
  • Assessor Parcel Number 402250004
  • $65 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community

Amenities

  • Laundry Facilities

Recreation

  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,975

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate
  • View: Yes
  • Zoning: A-1-1
  • Property Condition: Additions/Alterations, Building Permit
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 402250004
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3346.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Wood Stove Insert
  • Levels: One
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 336.82
  • Room Type: All Bedrooms Down, Master Suite

Exterior Features

  • Other Structures: Barn(s), Guest House Attached
  • View: Mountain(s)
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Horse Trails, Mountainous, Rural, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Agricultural, Horse Property, Horse Property Improved, Landscaped, Lot Over 40000 Sqft, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Value In Land, Yard
  • Lot Size Sq Ft: 167270.00
  • Lot Size Acres: 3.8400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 167270.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 438.09
  • Tax Lot: 3
  • Tax Tract Number: 056014
  • TaxOtherAnnualAssessmentAmount: 65.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
Aug 11, 2022
Sold by
Cloninger Julia
Bought by
Cloninger Ben
Seller's Agent
Lisa Duarte
LEGACY GROUP REALTY
Buyer's Agent
Lisa Duarte
LEGACY GROUP REALTY
List Price
$1,500,000
Sold Price
$1,127,000
Premium/Discount to List
-$373,000
-24.87%
Views
1
Current Estimated Value
$1,208,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,979
Avg. Annual Appreciation
2.21%
Original Mortgage
$901,600
Outstanding Balance
$863,259
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$345,720

Purchase Details

Listed on
Apr 11, 2022
Closed on
Jul 11, 2022
Sold by
Howard J Clasen Separate Property Trust
Bought by
Cloninger Ben
Seller's Agent
Lisa Duarte
LEGACY GROUP REALTY
Buyer's Agent
Lisa Duarte
LEGACY GROUP REALTY
List Price
$1,500,000
Sold Price
$1,127,000
Premium/Discount to List
-$373,000
-24.87%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$901,600
Outstanding Balance
$863,259
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$345,720

Purchase Details

Closed on
Feb 18, 2015
Sold by
Clasen Priscilla M
Bought by
Clasen Priscilla M

Purchase Details

Closed on
Jul 14, 2010
Sold by
Clasen Howard J
Bought by
Clasen Howard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
2.53%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 18, 2010
Sold by
Clasen Priscilla M
Bought by
Clasen Howard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
2.53%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 22, 2007
Sold by
Clasen Howard J and Clasen Priscilla M
Bought by
Clasen Howard J and Clasen Priscilla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 19, 2005
Sold by
Clasen Howard J and Clasen Priscilla M
Bought by
Clasen Howard J and Clasen Priscilla M

Purchase Details

Closed on
Mar 21, 2005
Sold by
Fonte Antonio D
Bought by
Clasen Howard J and Clasen Priscilla M

Purchase Details

Closed on
Nov 21, 1993
Sold by
Federal Home Loan Mtg Assn
Bought by
Clasen Howard J and Clasen Priscilla M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 1993
Sold by
Cal Western Reconveyance Corp
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 1993
Sold by
Beneficial Management Corp Of America
Bought by
Beneficial California Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cloninger Ben -- None Listed On Document
Cloninger Ben $1,127,000 Ticor Title
Clasen Priscilla M -- None Available
Clasen Priscilla M -- None Available
Clasen Priscilla M -- None Available
Clasen Howard J -- None Available
Clasen Howard J -- Placer Title Company
Clasen Howard J -- Placer Title Company
Clasen Howard J -- First American Title
Clasen Howard J -- First American Title
Clasen Howard J -- --
Clasen Howard J -- --
Clasen Howard J $135,000 Commonwealth Land Title Co
Federal Home Loan Mortgage Corporation $150,000 Stewart Title Co
Beneficial California Inc $71,606 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cloninger Ben $901,600
Closed Cloninger Ben $901,600
Previous Owner Clasen Howard J $840,000
Previous Owner Clasen Howard J $205,000
Previous Owner Clasen Howard J $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $1,127,000 -6.1% $337 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $1,200,000 -7.7% $359 / Sq Ft
06/12/2022 06/12/22 Price Changed $1,300,000 -7.1% $389 / Sq Ft
05/14/2022 05/14/22 Price Changed $1,400,000 -6.7% $418 / Sq Ft
04/11/2022 04/11/22 For Sale $1,500,000 -- $448 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,975 $1,172,530 $78,030 $1,094,500
2023 $14,975 $1,127,000 $75,000 $1,052,000
2022 $7,160 $541,073 $248,276 $292,797
2021 $7,021 $530,464 $243,408 $287,056
2020 $6,950 $525,026 $240,913 $284,113
2019 $6,840 $514,733 $236,190 $278,543
2018 $6,813 $504,641 $231,559 $273,082
2017 $6,706 $494,747 $227,019 $267,728
2016 $6,460 $473,000 $217,000 $256,000
2015 $5,434 $398,000 $183,000 $215,000
2014 $5,450 $398,000 $183,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV22067374

California Regional Multiple Listing Service (CRMLS)

APN: 402-250-004