NOT LISTED FOR SALE

16278 Sun Summit Dr Riverside, CA 92503

Lake Hills/Victoria Grove Neighborhood

Estimated Value: $859,475 - $922,000

5 Beds
4 Baths
2,974 Sq Ft
$303/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $490,000 $165 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,368/month

37 Days on Market

Highlights

  • 24-Hour Security
  • Above Ground Spa
  • Primary Bedroom Suite
  • Lake Hills Elementary School Rated A-
  • Solar Power System
  • City Lights View

About This Home

As of July 2015

High atop Lake Hills sits this beautiful JM Peters home with a spectacular, unobstructed VIEW of city lights! This amazing view home features an excellent floor plan with a main floor bedroom, guest suite with its own bathroom, 3 car garage, indoor laundry room, huge center island kitchen that opens right up to the family room, neutral colors throughout, plantation shutters and ridiculous VIEWS! The exterior was painted approximately 3 years ago. This highly energy efficient home also features an 18 solar panel system that has been fully paid for ($24,000) by the seller. These panels are not leased, they are free and clear which resulted in an electric bill last month under $2! There is a 25 year warranty on the solar system from the date of purchase. The rear yard is enclosed by block walls on both sides and was designed for water efficiency. Also included is an above ground spa. The beautiful community of Lake Hills features 7 community parks, 24 hour security patrol, excellent location close to schools, 91 and 15 freeways, shopping and restaurants. This property also has LOW TAXES, NO MELLO ROOS and LOW HOA dues!

Last Agent to Sell the Property

Robert McCliman

Pacific Star Real Estate & Investments License #01301751 Listed on: 05/12/2015

Last Buyer's Agent

Robert McCliman

Pacific Star Real Estate & Investments License #01301751 Listed on: 05/12/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 10,454 Sq Ft Lot
  • West Facing Home
  • Wrought Iron Fence
  • Block Wall Fence
  • Water-Smart Landscaping
  • Lawn

HOA Fees

  • $81 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • City Lights
  • Mountain
  • Hills

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Frame Construction
  • Tile Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,974 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Drapes & Rods
  • Double Door Entry
  • Panel Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Microwave
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Lighting
  • Solar Power System

Outdoor Features

  • Above Ground Spa
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Rear Porch

Location

  • Suburban Location

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 23140
  • Assessor Parcel Number 140181022

Community Details

Overview

  • Built by JM Peters
  • Mountainous Community

Recreation

  • Sport Court
  • Community Playground

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

0

HOA Fees

$81 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Lake Hills
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 140181022
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2974.00
  • Interior Amenities: Block Walls, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, Panel Doors
  • Eating Area: Family Kitchen, In Kitchen
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 164.76
  • Room Type: Family Room, Guest/Maid's Quarters, Jack & Jill, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Above Ground
  • Window Features: Drapes, Double Pane Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Slab
  • View: City Lights, Hills, Mountain(s)
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Builder Name: JM Peters
  • Patio And Porch Features: Concrete, Rear Porch, Slab
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Frame, Glass, Stucco, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Inside, Individual Room, Washer Hookup, Washer Included
  • Water Source: Public
  • Cooling: Central Air, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly, Playground, Security, Sport Court
  • Association Fee: 81.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Gutters, Mountainous, Sidewalks, Street Lights, Storm Drains, Suburban

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Efficiency: Lighting
  • Green Power: Solar

Lot Info

  • Lot Features: Lawn, Landscaped, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10454.00
  • Price Per Lot Square Foot: 46.87
  • Lot Size Acres: 0.2400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10454.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 37
  • Tax Tract Number: 23140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2015
Closed on
Jun 25, 2015
Sold by
Nutley Kenneth Robert
Bought by
Nutley Desiree Canlas
Seller's Agent
Robert McCliman
Pacific Star Real Estate & Investments
Buyer's Agent
Robert McCliman
Pacific Star Real Estate & Investments
List Price
$515,500
Sold Price
$490,000
Premium/Discount to List
-$25,500
-4.95%
Current Estimated Value
$901,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,119
Avg. Annual Appreciation
6.01%
Original Mortgage
$392,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 12, 2015
Closed on
Jun 12, 2015
Sold by
Perumal John and Manunkittiwongsa Piyamari
Bought by
Nutley Desiree Canlas and Garcia Christopher Anthony
Seller's Agent
Robert McCliman
Pacific Star Real Estate & Investments
Buyer's Agent
Robert McCliman
Pacific Star Real Estate & Investments
List Price
$515,500
Sold Price
$490,000
Premium/Discount to List
-$25,500
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 23, 2005
Sold by
Perumal John and Manunkittiwongsa Piyamart
Bought by
Perumal John and Manunkittiwongsa Piyamart

Purchase Details

Closed on
Sep 3, 2004
Sold by
Ting I Pei
Bought by
Perumal John and Manunkittwongsa Piyamart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2001
Sold by
Goldblatt Martin James and Goldblatt Juliane Christine
Bought by
Ting I Pei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,100
Interest Rate
7.95%

Purchase Details

Closed on
Dec 28, 1999
Sold by
Goldblatt Martin James
Bought by
Goldblatt Martin James and Haro Juliane Christine

Purchase Details

Closed on
Aug 20, 1999
Sold by
Goldblatt Melissa Sue
Bought by
Goldblatt Martin James

Purchase Details

Closed on
Jul 21, 1995
Sold by
J M Peters Company Inc
Bought by
Goldblatt Martin James and Goldblatt Melissa Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.92%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nutley Desiree Canlas -- First American Title Company
Nutley Desiree Canlas $490,000 First American Title Company
Perumal John -- --
Perumal John $575,000 Commonwealth Land Title Co
Ting I Pei $329,000 Lawyers Title Company
Goldblatt Martin James -- First American Title Co
Goldblatt Martin James -- Old Republic Title Company
Goldblatt Martin James $117,250 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nutley Desiree Canlas $392,000
Previous Owner Perumal John $460,000
Previous Owner Ting I Pei $296,100
Previous Owner Goldblatt Martin James $185,000
Closed Ting I Pei $16,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2015 07/29/15 Sold $490,000 -4.9% $165 / Sq Ft
06/10/2015 06/10/15 Pending -- -- --
05/12/2015 05/12/15 For Sale $515,500 +5.2% $173 / Sq Ft
05/06/2015 05/06/15 Off Market $490,000 -- --
05/04/2015 05/04/15 For Sale $515,500 -- $173 / 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 $6,962 $580,055 $106,539 $473,516
2023 $6,962 $557,532 $102,402 $455,130
2022 $6,415 $546,601 $100,395 $446,206
2021 $6,282 $535,884 $98,427 $437,457
2020 $6,179 $530,390 $97,418 $432,972
2019 $6,096 $519,991 $95,508 $424,483
2018 $6,009 $509,796 $93,636 $416,160
2017 $5,896 $499,800 $91,800 $408,000
2016 $5,798 $490,000 $90,000 $400,000
2015 $5,650 $484,000 $121,000 $363,000
2014 $5,699 $462,000 $115,000 $347,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Robert McCliman

    Pacific Star Real Estate & Investments

    (714) 715-9898

    24 Total Sales

    Robert McCliman
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG15094317

California Regional Multiple Listing Service (CRMLS)

APN: 140-181-022

California Riverside County Riverside 92503 Lake Hills/Victoria Grove

16278 Sun Summit Dr, Riverside, CA

Not Listed for Sale

Detached

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