NOT LISTED FOR SALE

2321 S Magnolia Ave Unit 2A Ontario, CA 91762

Downtown Ontario Neighborhood

Estimated Value: $454,000 - $543,000

2 Beds
2.5 Baths
1,026 Sq Ft
$347/mo HOA Fee

Last Sold October 29, 2021

Last sale price $420,000 $409 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,264/month

9 Days on Market

Highlights

  • In Ground Pool
  • City Lights View
  • 2 Car Direct Access Garage
  • Two Primary Bedrooms
  • Two Story Ceilings
  • Breakfast Bar

About This Home

As of October 2021

Rarely available, corner unit in sought after, well maintained community of Magnolia Terrace. Offering 2 master bedrooms, 2&1/2 baths. Featuring high ceilings & open floor plan that give a bright & airy feel. Sliding glass doors of large living room open to a nice size, private fenced patio. Attached 2 car garage faces the front. Laundry is in the garage.

This quiet, ideally located community features an in-ground pool & spa, as well as lush greenery. Also conveniently located close to major modes of transportation, schools, shopping & dining.

Last Agent to Sell the Property

Vanessa Otero

Falcon One Financial, Inc. Brokerage Phone: 954-261-2194 License #01824413 Listed on: 09/01/2021

Last Buyer's Agent

GRECIA PARTIDA

HAUS OF REAL ESTATE License #02046444

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,945

Year Built

  • Built in 1982

Lot Details

  • 1 Common Wall
  • East Facing Home

HOA Fees

  • $347 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener

Interior Spaces

  • 1,026 Sq Ft Home
  • 2-Story Property
  • Two Story Ceilings
  • Ceiling Fan
  • Dining Room
  • Tile Flooring
  • City Lights Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Double Master Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Open Patio
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 6
  • Tax Tract Number 11544
  • Assessor Parcel Number 1015201120000
  • $182 per year additional tax assessments

Community Details

Overview

  • 75 Units
  • Magnolia Terrace HOA
  • Cms HOA

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,945

Year Built

Built in 1982

Lot Details

0

HOA Fees

$347 per month

Parking

2

Listing Details

  • Structure Type: Quadruplex
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 1015201120000
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1026.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Pantry, Two Story Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 409.36
  • Room Type: All Bedrooms Up, Primary Bedroom, Two Primaries
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • View: City Lights
  • Patio And Porch Features: Patio, Patio Open
  • Pool Features: Association, Fenced, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Electric Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 347.00
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Terrace HOA
  • Phone: 909-399-31-3
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Suburban
  • Association Management: CMS

Schools

  • School District: Ontario-Montclair

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 1026.00
  • Lot Size Acres: 0.0236

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1026.0000 Square Feet
  • Number Of Units In Community: 75
  • Number Of Units Total: 75

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 6.03
  • Tax Lot: 1
  • Tax Tract Number: 11544
  • TaxOtherAnnualAssessmentAmount: 182.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Sep 23, 2021
Sold by
Otero Melanie
Bought by
Lira Alberto Velasco
Seller's Agent
Vanessa Otero
Falcon One Financial, Inc.
Buyer's Agent
GRECIA PARTIDA
HAUS OF REAL ESTATE
List Price
$396,700
Sold Price
$420,000
Premium/Discount to List
$23,300
5.87%
Current Estimated Value
$483,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,959
Avg. Annual Appreciation
4.06%
Original Mortgage
$407,000
Outstanding Balance
$372,753
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$115,468

Purchase Details

Closed on
Sep 20, 2005
Sold by
Otero Ramon
Bought by
Otero Melanie

Purchase Details

Closed on
Jan 11, 2002
Sold by
Otero Martha
Bought by
Otero Ramon

Purchase Details

Closed on
Dec 4, 2001
Sold by
Tucker Christopher L and Tucker Kelly M
Bought by
Otero Melanie and Otero Ramon
Source: Public Records

Range of Values:

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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
Lira Alberto Velasco $420,000 Fidelity National Title
Otero Melanie -- --
Otero Ramon -- New Century Title Company
Otero Melanie $124,000 New Century Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lira Alberto Velasco $407,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $420,000 +5.9% $409 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $396,700 -- $387 / 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 $2,945 $445,708 $155,998 $289,710
2024 $2,945 $436,968 $152,939 $284,029
2023 $2,921 $428,400 $149,940 $278,460
2022 $4,603 $420,000 $147,000 $273,000
2021 $1,818 $169,099 $59,184 $109,915
2020 $1,786 $167,365 $58,577 $108,788
2019 $1,769 $164,083 $57,428 $106,655
2018 $1,744 $160,866 $56,302 $104,564
2017 $1,757 $157,712 $55,198 $102,514
2016 $1,688 $154,620 $54,116 $100,504
2015 $1,677 $152,297 $53,303 $98,994
2014 $1,551 $149,314 $52,259 $97,055
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21186194

California Regional Multiple Listing Service (CRMLS)

APN: 1015-201-12