NOT LISTED FOR SALE

1781 E Forrest Ln Unit A/B San Bernardino, CA 92404

Estimated Value: $588,559 - $772,000

5 Beds
3 Baths
3,042 Sq Ft
$220/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $442,000 $145 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,196/month

128 Days on Market

Highlights

  • Bluff View
  • Near a National Forest
  • Cathedral Ceiling
  • Cajon High School Rated A-
  • Wooded Lot
  • Living Room with Attached Deck

About This Home

As of December 2018

** TWO HOUSES ON ONE LOT ** Located In Beautiful Upper Waterman Canyon. Gorgeous Mountain Vista Views. Front House Is A Two-Story, 3 Bedroom, 2 Bathroom Home With Huge Cathedral Ceilings, Breathtaking Views And Large Patio. Walk-In Pantry, Gorgeous Kitchen, Ceiling Fans Throughout. Designer Upgraded Fixtures Throughout. ABSOLUTELY TURNKEY. The Back House Is A Single-Level Home With Large View Patio, Large Laundry Room, And Very Modern Feel. Fire Sprinklers In Each Home. Experience The Seasons With Occasional Light Snow, Fall Colors, And Cooler Summer Temps, Yet 5 Minutes From The City! Easy Freeway Access. Exceptional Cash Flow As An Investment Or Live In One And Rent The Other.

Last Agent to Sell the Property

Rick Mason

Interbanc Real Estate License #01132706 Listed on: 08/15/2018

Last Buyer's Agent

Rick Mason

Interbanc Real Estate License #01132706 Listed on: 08/15/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,076

Year Built

  • Built in 2007

Lot Details

  • 10,461 Sq Ft Lot
  • No Common Walls
  • Wooded Lot

Property Views

  • Bluff
  • Canyon
  • Mountain

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 3,042 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 0270211150000

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Near a National Forest
  • Mountainous Community

Recreation

  • Horse Trails

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,667
  • New Taxes Expense $3,723
  • Operating Expense $6,390
  • Gross Income $3,600
  • Net Operating Income $42,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,076

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Other Phone Description: Agent's Cell
  • Other Phone Number: 909-241-5344
  • Property Attached: No
  • Road Frontage Type: Country Road
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: RS-20M
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 0270211150000
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached, Pantry
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 145.30

Exterior Features

  • View: Canyon, Mountain(s)
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Covered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Blm/National Forest, Horse Trails, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Bluff, Treed Lot
  • Lot Size Sq Ft: 10461.00
  • Lot Size Acres: 0.2402

Multi Family

  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 2667.00
  • Lot Size Area: 10461.0000 Square Feet
  • Net Operating Income: 42200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 3600.00
  • Total Expenses: 6390.00

Tax Info

  • New Taxes Expense: 3723.00
  • Tax Census Tract: 108.02
  • Tax Lot: 41
  • Tax Tract Number: Waterm

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2018
Closed on
Nov 9, 2018
Sold by
Booker Joel M and Booker Erica C
Bought by
Rush Shane
Seller's Agent
Rick Mason
Interbanc Real Estate
Buyer's Agent
Rick Mason
Interbanc Real Estate
List Price
$499,800
Sold Price
$442,000
Premium/Discount to List
-$57,800
-11.56%
Current Estimated Value
$668,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,140
Avg. Annual Appreciation
5.96%
Original Mortgage
$433,994
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 2017
Sold by
Alvarez Loretta Ella
Bought by
Booker Joel M and Booker Erica C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2011
Sold by
Alvarez Loretta Ella
Bought by
Alvarez Loretta Ella

Purchase Details

Closed on
Feb 7, 2003
Sold by
Alvarez Ernest and Alvarez Loretta Ella
Bought by
Alvarez Ernest A and Alvarez Loretta Ella

Purchase Details

Closed on
Nov 3, 2000
Sold by
Miller Eugene
Bought by
Alvarez Ernest and Alvarez Loretta Ella

Purchase Details

Closed on
Mar 4, 1995
Sold by
Alvarez Ernest A and Poling Alvarez Loretta
Bought by
Alvarez Ernest and Alvarez Loretta Ella
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
Rush Shane $442,000 Landwood Title
Booker Joel M $400,000 Wfg Title Company Of Ca
Alvarez Loretta Ella -- None Available
Alvarez Ernest A -- --
Alvarez Ernest -- --
Alvarez Ernest -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rush Shane $107,545
Open Rush Shan $433,404
Closed Rush Shane $433,994
Previous Owner Booker Joel M $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $442,000 0.0% $145 / Sq Ft
12/15/2018 12/15/18 Off Market $442,000 -- --
10/23/2018 10/23/18 Price Changed $494,800 -1.0% $163 / Sq Ft
08/15/2018 08/15/18 For Sale $499,800 -- $164 / 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
2024 $6,076 $483,392 $136,706 $346,686
2023 $5,745 $473,913 $134,025 $339,888
2022 $5,367 $464,621 $131,397 $333,224
2021 $5,650 $455,511 $128,821 $326,690
2020 $5,359 $450,840 $127,500 $323,340
2019 $5,189 $442,000 $125,000 $317,000
2018 $4,629 $332,214 $41,514 $290,700
2017 $3,723 $325,700 $40,700 $285,000
2016 $3,235 $288,800 $36,100 $252,700
2015 $3,082 $264,700 $33,100 $231,600
2014 $2,416 $210,100 $26,300 $183,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18199501

California Regional Multiple Listing Service (CRMLS)

APN: 0270-211-15