NOT LISTED FOR SALE

Estimated Value: $706,130 - $803,000

1.24 Acres
$601,035 Price per Acre
54,014 Sq Ft Lot

Last Sold March 09, 2021

Last sale price $510,000

Est. 39% increase in value since last sale

Current estimated payment $4,456/month

70 Days on Market

Highlights

  • Panoramic View
  • 1.24 Acre Lot
  • Mountainous Community
  • Gerald F. Litel Elementary School Rated A

About This Lot

As of March 2021

This beautiful lot is located in the prestigious gated community of Oak Tree Downs. Oak Tree Downs is a highly sought-after neighborhood, due to its lush green landscaping and abundance of mature oak trees throughout the community.  All of the luxury homes in this community are custom-built, providing the neighborhood with a more diverse and characterized look.

Residents of this community love its serene, panoramic mountain views. Many residents go for calm afternoon strolls and are friendly and helpful towards one another. This lot is one of the few remaining undeveloped lots left—Hurry up and don't let your dreams remain dreams! Zoned R1, this 1.24 acre lot has gorgeous sweeping panoramic mountain views! Enjoy living in the dream home you build for yourself surrounded by pristine nature and lovely neighbors, yet also conveniently located minutes away from several freeways and shopping centers. Come live the best of both worlds!

Last Agent to Sell the Property

Rosanna Wang

Homequest Real Estate License #01962238 Listed on: 11/19/2020

Last Buyer's Agent

Rosanna Wang

Homequest Real Estate License #01962238 Listed on: 11/19/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,734

Lot Details

  • 1.24 Acre Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Property Views

  • Panoramic
  • Mountain
  • Neighborhood

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 10558
  • Assessor Parcel Number 1000311050000

Community Details

Overview

  • Property has a Home Owners Association
  • Mountainous Community

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$6,734

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: R1
  • Property Type: Land
  • Parcel Number: 1000311050000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 9.44

Exterior Features

  • View: Mountain(s), Neighborhood, Panoramic

Utilities

  • Water Source: Other

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 225.00
  • Senior Community: No
  • Community Features: Mountainous, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 54014.40
  • Lot Size Acres: 1.2400

Multi Family

  • Lot Size Area: 1.2400 Acres

Tax Info

  • Tax Census Tract: 1.18
  • Tax Lot: 30
  • Tax Tract Number: 10558

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Feb 5, 2021
Sold by
Zeng Dan and Wu Tiange
Bought by
Mb1 Enterprises Llc
Seller's Agent
Rosanna Wang
Homequest Real Estate
Buyer's Agent
Rosanna Wang
Homequest Real Estate
List Price
$520,000
Sold Price
$510,000
Premium/Discount to List
-$10,000
-1.92%
Current Estimated Value
$711,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,327
Avg. Annual Appreciation
7.59%

Purchase Details

Listed on
Apr 7, 2017
Closed on
Aug 21, 2017
Sold by
Wang Weigang
Bought by
Zeng Dan and Wu Tiange
Seller's Agent
Miles Zhao
Keller Williams Realty Irvine
Buyer's Agent
Rosanna Wang
Homequest Real Estate
List Price
$458,000
Sold Price
$420,000
Premium/Discount to List
-$38,000
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%

Purchase Details

Listed on
Apr 18, 2014
Closed on
Dec 10, 2014
Sold by
Hendricks Kimberly E
Bought by
Wang Weigang and Shen Yan
Seller's Agent
NANCY ROSS
EXP REALTY OF CALIFORNIA INC
Buyer's Agent
NANCY ROSS
EXP REALTY OF CALIFORNIA INC
List Price
$450,000
Sold Price
$358,000
Premium/Discount to List
-$92,000
-20.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Apr 18, 2006
Sold by
Osby Vincent L
Bought by
Hendricks Kimberly E

Purchase Details

Closed on
Mar 15, 1995
Sold by
Unocal Land & Development Company
Bought by
Osby Vincent Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,250
Interest Rate
8.6%
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
Mb1 Enterprises Llc $510,000 First American Title Company
Zeng Dan $420,000 Fidelity National Title Co
Wang Weigang $358,000 Wfg Title Company
Hendricks Kimberly E -- None Available
Osby Vincent Lee $121,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hendricks Kimberly E $110,000
Previous Owner Osby Vincent Lee $59,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2021 03/09/21 Sold $510,000 -1.9% --
12/23/2020 12/23/20 For Sale $520,000 +2.0% --
12/02/2020 12/02/20 Off Market $510,000 -- --
11/19/2020 11/19/20 For Sale $510,000 +21.4% --
08/31/2017 08/31/17 Sold $420,000 -8.3% --
08/18/2017 08/18/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $458,000 +27.9% --
01/09/2015 01/09/15 Sold $358,000 -20.4% --
12/05/2014 12/05/14 Pending -- -- --
04/18/2014 04/18/14 For Sale $450,000 -- --
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 $6,734 $552,040 $552,040 --
2024 $6,734 $541,216 $541,216 --
2023 $6,555 $530,604 $530,604 $0
2022 $6,508 $520,200 $520,200 $0
2021 $5,623 $441,495 $441,495 $0
2020 $5,547 $436,968 $436,968 $0
2019 $5,450 $428,400 $428,400 $0
2018 $5,333 $420,000 $420,000 $0
2017 $4,782 $370,729 $370,729 $0
2016 $4,470 $360,414 $360,414 $0
2015 $4,382 $355,000 $355,000 $0
2014 $4,798 $355,000 $355,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20243414

California Regional Multiple Listing Service (CRMLS)

APN: 1000-311-05