NOT LISTED FOR SALE

Estimated Value: $1,245,000

13.78 Acres
$90,348 Price per Acre
600,257 Sq Ft Lot

Last Sold December 07, 2020

Last sale price $3,350,000

Current estimated payment $7,731/month

120 Days on Market

Highlights

  • 13.78 Acre Lot
  • No HOA
  • Agricultural

About This Lot

As of December 2020

Two Adjacent Parcels of Land for Sale. 8408 Chino Avenue(APN: 0216-172-12) & 13158 South Walker Avenue(APN: 0216-172-14). Totaling Approx. 13.78 Acres for both parcels. Ontario Ranch Master Plan. Zoned for Low Density Residential(4.6 Dwelling Units per Acre) and Agricultural. Williamson Act expired in 2015. Excellent opportunity for developers, investors, owner users, and land banking. NWC of Chino Avenue and South Walker Avenue. Easy Access to 60, 71, 15 Freeways.

Last Agent to Sell the Property

Jun Choi

Berkshire Hathaway HomeServices California Properties Listed on: 06/18/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Nasser Mustafa

ASG Development Advisors License #01035315

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,023

Lot Details

  • 13.78 Acre Lot
  • Density is 2-5 Units/Acre

Additional Features

  • Suburban Location
  • Agricultural
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0216172140000

Property Details

Property Type

Land

Est. Annual Taxes

$14,023

Lot Details

0

Listing Details

  • View: No
  • Zoning: Residential
  • Property Type: Land
  • Parcel Number: 0216172140000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 5.58

Utilities

  • Water Source: Other, Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Agricultural
  • Lot Size Sq Ft: 600256.80
  • Lot Size Acres: 13.7800

Multi Family

  • Lot Size Area: 13.7800 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Oct 23, 2020
Sold by
Park Mimi H
Bought by
Park Jay Hong
Seller's Agent
Jun Choi
Coldwell Banker Envision
Buyer's Agent
Nasser Mustafa
ASG Development Advisors
List Price
$4,500,000
Sold Price
$3,350,000
Premium/Discount to List
-$1,150,000
-25.56%
Current Estimated Value
$1,245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,105,000

Purchase Details

Listed on
Jun 18, 2019
Closed on
Oct 8, 2020
Sold by
Won Adrian Y and Won Sylvia J
Bought by
Redlands Re Holdings Llc
Seller's Agent
Jun Choi
Coldwell Banker Envision
Buyer's Agent
Nasser Mustafa
ASG Development Advisors
List Price
$4,500,000
Sold Price
$3,350,000
Premium/Discount to List
-$1,150,000
-25.56%

Purchase Details

Closed on
Oct 30, 2018
Sold by
Chung Carnie
Bought by
Chung Carnie

Purchase Details

Closed on
Jan 7, 2011
Sold by
Chung David
Bought by
Chung Carnie

Purchase Details

Closed on
May 18, 2004
Sold by
Chung Kyungho
Bought by
Lee Oh Young and Lee Eunhee M

Purchase Details

Closed on
Dec 19, 2003
Sold by
Chung U Kyong
Bought by
Chung Kyungho
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Park Jay Hong -- Ticor Title Company
Redlands Re Holdings Llc $3,350,000 Ticor Title Company
Chung Carnie -- None Available
Chung Carnie -- None Available
Lee Oh Young $100,000 --
Chung Kyungho -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $3,350,000 -25.6% --
10/16/2019 10/16/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $4,500,000 -- --
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 $14,023 $1,293,507 $1,033,723 $259,784
2024 $14,023 $1,268,144 $1,013,454 $254,690
2023 $13,635 $1,243,278 $993,582 $249,696
2022 $13,554 $1,218,900 $974,100 $244,800
2021 $13,291 $1,195,000 $955,000 $240,000
2020 $8,833 $793,423 $672,190 $121,233
2019 $8,680 $777,866 $659,010 $118,856
2018 $11,304 $762,613 $646,088 $116,525
2017 $8,338 $747,660 $633,420 $114,240
2016 $6,074 $569,861 $527,756 $42,105
2015 $5,953 $561,302 $519,829 $41,473
2014 $5,695 $536,959 $496,298 $40,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19144469

California Regional Multiple Listing Service (CRMLS)

APN: 0216-172-14