NOT LISTED FOR SALE

Estimated Value: $3,233,000 - $3,490,541

7 Beds
8.5 Baths
12,135 Sq Ft
$278/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $2,115,000 $174 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $21,630/month

27 Days on Market

Highlights

  • Home Theater
  • Panoramic View
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • 12.62 Acre Lot
  • Main Floor Primary Bedroom

About This Home

As of March 2020

What a Mansion! This kind of Estate can only be seen in Beverly Hills. The magnificent custom-built Estate boasted over 12,000 sqft., features 7 beds (Tax shows 6), 8.5 bathrooms, Game/ Home Theater, Library, Office, Exercise room, Guest House and 6-car garage situated on a 12.62 Acres of working Tropical Fruit Orchards with Guava trees, Dragon Fruits, Jujubees, Thai Kaffir Limes. Words fail me to describe the magnificence of the Estate, here are just a few: Private Gate Entry & Spacious Courtyard , Corinthian Columns, Gorgeous Fountain, Artistic Koi Pond with Waterfall, High Vaulted Ceilings, Double Doors Entrance, Grand Foyer, Dual Beautiful Wrought Iron Handrail Stairways, Immaculate Marble & Hardwood Floors though-out, Living room with 25-feet Coffered Ceiling and Marble Fireplace. Chef's Gourmet Kitchen with Granite Slab Island and Counters, Viking Stainless steel Appliances, Double Oven, Extra wide Refrigerator, Wood Cabinetry, Breakfast Nook. Formal Dining Room, Dual Master Bedroom. 2nd Floor Master Bedroom with Retreat Area, Dual Fireplace, Oval Jacuzzi Spa Tub, Marble and Glass Standing Steam Shower, Solar Panel with estimate annual production of @14,000 KWH. The Private Well with Two 5K gallon Water Tanks provides free water thru the Sprinkler System that reach to every single trees/plants on a the whole 12-area Orchard. Price to sell. Must see to appreciate!!!

Last Agent to Sell the Property

Henry Tran

RE/MAX TIME REALTY License #01418967 Listed on: 01/25/2020

RE/MAX TIME REALTY

Last Buyer's Agent

Henry Tran

RE/MAX TIME REALTY License #01418967 Listed on: 01/25/2020

RE/MAX TIME REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,549

Year Built

  • Built in 2006

Lot Details

  • 12.62 Acre Lot
  • Property is zoned RA

Parking

  • 6 Car Attached Garage

Property Views

  • Panoramic
  • Woods
  • Orchard Views

Interior Spaces

  • 12,135 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Theater
  • Library
  • Bonus Room
  • Center Hall
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 7 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Farming

  • Agricultural

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 9002
  • Assessor Parcel Number 242020017

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,549

Year Built

Built in 2006

Lot Details

0

Parking

6

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: RA
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 242020017
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 12135.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 8
  • Full And Three Quarter Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 174.29
  • Room Type: Bonus Room, Center Hall, Family Room, Galley Kitchen, Home Theatre, Library, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Two Masters, Walk-In Closet, Walk-In Pantry

Exterior Features

  • View: Orchard, Panoramic, Trees/Woods
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails

Schools

  • School District: Riverside Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural, Agricultural - Tree/Orchard
  • Lot Size Sq Ft: 549727.00
  • Lot Size Acres: 12.6200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 549727.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 317.01
  • Tax Lot: 30
  • Tax Tract Number: 009002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2020
Closed on
Feb 25, 2020
Sold by
Le Ngatthi Nancy
Bought by
Singh Parampreet
Seller's Agent
Henry Tran
RE/MAX TIME REALTY
Buyer's Agent
Henry Tran
RE/MAX TIME REALTY
List Price
$2,699,000
Sold Price
$2,115,000
Premium/Discount to List
-$584,000
-21.64%
Current Estimated Value
$3,441,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,326,367
Avg. Annual Appreciation
9.75%

Purchase Details

Closed on
Apr 22, 2005
Sold by
Luong Mike and Le Nancy Ngat Thi
Bought by
Luong Mike and Le Nancy Ngatthi

Purchase Details

Closed on
Apr 10, 2004
Sold by
Petersen Kent G and Petersen Hong T
Bought by
Luong Manh V and Le Ngat T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.38%
Mortgage Type
Seller Take Back
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
Singh Parampreet $2,115,000 Western Resources Ttl & Synr
Luong Mike -- --
Luong Manh V $650,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Best Bay Trucking Corporaton $5,000,000
Closed Singh Parampreet $1,500,000
Previous Owner Luong Mike $500,000
Previous Owner Luong Manh V $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2020 03/16/20 Sold $2,115,000 -6.0% $174 / Sq Ft
03/16/2020 03/16/20 Price Changed $2,250,000 -16.6% $185 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
01/25/2020 01/25/20 For Sale $2,699,000 -- $222 / 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 $34,549 $3,200,002 $946,329 $2,253,673
2023 $34,549 $3,075,744 $909,583 $2,166,161
2022 $33,762 $3,015,437 $891,749 $2,123,688
2021 $33,207 $2,956,312 $874,264 $2,082,048
2020 $30,738 $2,727,722 $731,917 $1,995,805
2019 $30,150 $2,674,238 $717,565 $1,956,673
2018 $29,559 $2,621,803 $703,498 $1,918,305
2017 $29,030 $2,570,396 $689,704 $1,880,692
2016 $27,147 $2,519,997 $676,181 $1,843,816
2015 $26,767 $2,482,146 $666,025 $1,816,121
2014 $26,524 $2,433,527 $652,980 $1,780,547
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20017996

California Regional Multiple Listing Service (CRMLS)

APN: 242-020-017