NOT LISTED FOR SALE

14965 Blackburn Rd Riverside, CA 92503

Estimated Value: $498,245

7.5 Acres
$66,433 Price per Acre
326,700 Sq Ft Lot

Last Sold January 18, 2013

Last sale price $180,000

Est. 177% increase in value since last sale

Current estimated payment $2,809/month

282 Days on Market

Highlights

  • Horse Property
  • Lake View
  • No HOA
  • Lake Mathews Elementary School Rated A-
  • 7.5 Acre Lot
  • Agricultural

About This Lot

As of January 2013

This property is 7.5 acres zoned A-1-10 located on the northeast area of Lake Mathews surrounded by citrus orchards and large estate homes in mixed development and open land. Currently the property has a tenant farmer growing Aloe Vera on the upper acre of the property. The lease is $350 per month plus the tenant pays their share of water. The property has agricultural water (not drinkable water) to the property. Power lines are located on Blackburn the frontage road to the property. The owner also seasonally leases a part of the property to bee owners and bees are currently on the property (approach with caution). Also access to property is by unimproved dirt road, drive with care and appropriate vehicle.

Owner will consider caring a loan with at least 40 percent down, loan amortized 30 years, balance due in five. Offer must have credit scores, proof of funds, the interest rate will be determine on credit scores.

Last Agent to Sell the Property

DON PEDERSEN

VICKI L. PEDERSEN, BROKER License #01367292 Listed on: 03/05/2012

Co-Listed By

VICKI LYNN PEDERSEN

VICKI L. PEDERSEN, BROKER License #01435175

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Property Type

  • Land

Lot Details

  • 7.5 Acre Lot
  • Rural Setting
  • Gentle Sloping Lot
  • Density is 6-10 Units/Acre
  • Land Lease of $350 per month
  • Property is zoned A-1-10

Property Views

  • Lake
  • Mountain
  • Desert
  • Hills

Farming

  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 270120003

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Property

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use Comments: Farming
  • Possible Use Comments: Farming, orchard, horses, and home site.
  • Road Surface Type: Unpaved
  • View: Yes
  • Water Body Name: WMD
  • Zoning: A-1-10
  • Property Type: Land
  • Parcel Number: 270120003
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 0.55

Exterior Features

  • View: Desert, Hills, Lake, Mountain(s)

Utilities

  • Utilities: Electricity Available, Water Connected

Condo/Co-op/Association

  • Association: No
  • Community Features: Rural

Lot Info

  • Land Lease Amount: 350.00
  • Land Lease Amount Frequency: Monthly
  • Lot Features: Agricultural, 6-10 Units/Acre, Gentle Sloping, Horse Property
  • Lot Size Sq Ft: 326700.00
  • Usable Land Percent: 100
  • Lot Size Acres: 7.5000

Multi Family

  • Lot Size Area: 326700.0000 Square Feet

Tax Info

  • Tax Area: 88039

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2014
Sold by
Tran Hung Le and Huynh Minh Van
Bought by
Le Huynh Hoa and Huynh Minh Van
Current Estimated Value
$498,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Outstanding Balance
$49,173
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$449,072

Purchase Details

Listed on
Mar 5, 2012
Closed on
Jan 2, 2013
Sold by
Le Huyhn Hoa Thi
Bought by
Vanvanhuynh Minh Van
Seller's Agent
DON PEDERSEN
VICKI L. PEDERSEN, BROKER
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$195,000
Sold Price
$180,000
Premium/Discount to List
-$15,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$108,000
Outstanding Balance
$74,473
Interest Rate
3.27%
Mortgage Type
Seller Take Back
Estimated Equity
$423,772

Purchase Details

Listed on
Mar 5, 2012
Closed on
Dec 20, 2012
Sold by
Aldi Dominic
Bought by
Tran Hung Le and Huynh Minn Van
Seller's Agent
DON PEDERSEN
VICKI L. PEDERSEN, BROKER
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$195,000
Sold Price
$180,000
Premium/Discount to List
-$15,000
-7.69%

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
Outstanding Balance
$74,473
Interest Rate
3.27%
Mortgage Type
Seller Take Back
Estimated Equity
$423,772

Purchase Details

Closed on
Jul 26, 1994
Sold by
Bicking Charles W
Bought by
Bicking Charles Wesseler
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Le Huynh Hoa $175,000 Fidelity National Title
Vanvanhuynh Minh Van -- Chicago Title Inland Empire
Tran Hung Le -- Chicago Title Inland Empire
Tran Hung Le $180,000 Chicago Title Inland Empire
Bicking Charles Wesseler -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Huynh Hoa $64,000
Open Tran Hung Le $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2013 01/18/13 Sold $180,000 -7.7% --
12/12/2012 12/12/12 Pending -- -- --
03/05/2012 03/05/12 For Sale $195,000 -- --
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 $2,447 $221,652 $221,652 --
2023 $2,447 $213,046 $213,046 --
2022 $2,383 $208,869 $208,869 $0
2021 $2,343 $204,774 $204,774 $0
2020 $2,325 $202,675 $202,675 $0
2019 $2,282 $198,701 $198,701 $0
2018 $2,237 $194,805 $194,805 $0
2017 $2,198 $190,986 $190,986 $0
2016 $2,058 $187,242 $187,242 $0
2015 $2,031 $184,431 $184,431 $0
2014 $2,012 $180,817 $180,817 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: I12029385

California Regional Multiple Listing Service (CRMLS)

APN: 270-120-003