NOT LISTED FOR SALE

Estimated Value: $403,000 - $503,000

2 Beds
1 Bath
726 Sq Ft
$594/Sq Ft Est. Value

Last Sold November 06, 2015

Last sale price $135,000 $186 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $2,658/month

17 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Central Heating and Cooling System
  • 3-minute walk to Elm Grove Beach
  • No HOA
  • Back Yard

About This Home

As of November 2015

Landlord or Developers here is a great opportunity. This Lake Elsinore home sits on a huge 9100 sq foot lot zoned R3 that is one short block to the beach. This part of Lake Elsinore has a majority of apartment buildings and this is one of the last few remaining single family houses left on a lot of this size and zoning. This lot could be developed into a Triplex with top floor lake views easily. The current home is a well taken care of 800 sq foot, 3 bedroom 1 bathroom home with a huge detached garage. The garage is approximately 30x20. The home is occupied by the same family for the past 9 years. They take great care of the house and have an excellent track record. Offer will only be accepted with a 12 month lease for existing tenants with a good 7 year rental record.

Last Agent to Sell the Property

Robert Patton

California Property Solvers In License #01827109 Listed on: 10/05/2015

Last Buyer's Agent

Sue Liu

Realty One Group West License #01820994

Realty One Group West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1920

Lot Details

  • 9,148 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • 726 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 430
  • Assessor Parcel Number 374242007

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,756

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Number: 6262835900
  • Property Attached: No
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 374242007
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 726.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 185.95
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9148.00
  • Price Per Lot Square Foot: 14.76
  • Lot Size Acres: 0.2100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9148.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 430.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2023
Sold by
Unknown
Bought by
Ibarra Alicia and Arriaga Marcus
Current Estimated Value
$431,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,200
Outstanding Balance
$341,541
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$89,640

Purchase Details

Listed on
Oct 5, 2015
Closed on
Oct 30, 2015
Sold by
Chang Yu An
Bought by
Liu Shu Yuan
Seller's Agent
Robert Patton
California Property Solvers In
Buyer's Agent
Sue Liu
Realty One Group West
List Price
$139,900
Sold Price
$135,000
Premium/Discount to List
-$4,900
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%

Purchase Details

Listed on
Oct 5, 2015
Closed on
Oct 23, 2015
Sold by
The 112 South Kellogg Street Trust
Bought by
The 112 South Kellogg Street Trust
Seller's Agent
Robert Patton
California Property Solvers In
Buyer's Agent
Sue Liu
Realty One Group West
List Price
$139,900
Sold Price
$135,000
Premium/Discount to List
-$4,900
-3.5%

Purchase Details

Closed on
Jan 6, 2012
Sold by
Ibarra Jaime
Bought by
The 112 South Kellogg Street Trust

Purchase Details

Closed on
Nov 12, 2009
Sold by
Ibarra Jaime
Bought by
Ibarra Jaime and Ibarra Maria Dolores

Purchase Details

Closed on
Jul 8, 2005
Sold by
Ibarra Maria Dolores
Bought by
Ibarra James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2005
Sold by
Valenzuela Manuel and Valenzuela Martha
Bought by
Ibarra Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2003
Sold by
Zell Carl Eugene and Zell Vonda M
Bought by
Valenzuela Manuel and Valenzuela Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,863
Interest Rate
5.26%
Mortgage Type
FHA
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
Ibarra Alicia $360,000 Fidelity National Title
Liu Shu Yuan -- Netco Title Company
Ira Services Trust Company $134,000 Netco Title Company
The 112 South Kellogg Street Trust -- Netco Title Company
The 112 South Kellogg Street Trust $58,800 None Available
Ibarra Jaime -- None Available
Ibarra James -- Fidelity National Title Co
Ibarra Jaime $290,000 --
Valenzuela Manuel $150,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibarra Alicia $349,200
Previous Owner The 112 South Kellogg Street Trust $50,000
Previous Owner Ibarra Jaime $319,500
Previous Owner Ibarra Jaime $232,000
Previous Owner Valenzuela Manuel $148,863
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2015 11/06/15 Sold $135,000 -3.5% $186 / Sq Ft
10/22/2015 10/22/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $139,900 -- $193 / 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 $3,756 $367,200 $91,800 $275,400
2023 $3,756 $152,462 $79,646 $72,816
2022 $1,658 $149,474 $78,085 $71,389
2021 $1,627 $146,544 $76,554 $69,990
2020 $1,612 $145,043 $75,770 $69,273
2019 $1,582 $142,200 $74,285 $67,915
2018 $1,554 $139,413 $72,828 $66,585
2017 $1,525 $136,680 $71,400 $65,280
2016 $1,472 $134,000 $70,000 $64,000
2015 $740 $61,449 $18,810 $42,639
2014 $828 $60,247 $18,443 $41,804
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15218398

California Regional Multiple Listing Service (CRMLS)

APN: 374-242-007