$975,000
SOLD DEC 21, 2020

23489 Mapes Rd Romoland, CA 92585

49 Acres
$19,709 Price per Acre
2,154,913 Sq Ft Lot

Recently Sold

2% Below List Price

88 Days on Market

About This Lot

As of December 2020

One of a kind investment opportunity! Offering almost 50 acres of residential land in the growing city of Menifee. Currently zoned 2 homes per acre. Property has potential to increased the density when sewer service becomes available. Many developments/projects in area that have potential to be developed soon. When these projects are built they will need to bring the sewer to the site. Although there is a house on the property (tear down) this property is priced for its land value only.

Last Agent to Sell the Property

Scott Logan

UNITED CALIFORNIA REALTY License #01188648 Listed on: 08/24/2020

Last Buyer's Agent

Art Marin

J & M Realty License #01731623

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,989

Lot Details

  • 49.47 Acre Lot
  • Density is 2-5 Units/Acre
  • Property is zoned RR1/2

Additional Features

  • Suburban Location
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 156
  • Assessor Parcel Number 327260021

Property Details

Property Type

Land

Est. Annual Taxes

$23,989

Lot Details

0

Listing Details

  • Road Frontage Type: City Street
  • View: No
  • Zoning: RR1/2
  • Property Type: Land
  • Parcel Number: 327260021
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 0.45

Utilities

  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2154913.00
  • Lot Size Acres: 49.4700
  • Latitude Manual: 33.75632900

Multi Family

  • Lot Size Area: 2154913.0000 Square Feet

Tax Info

  • Tax Census Tract: 427.28
  • Tax Lot: 156
  • Tax Annual Amount: 23989.00
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2020
Closed on
Dec 7, 2020
Sold by
Genus Lp
Bought by
Vazquez Juan Manuel Herrera
Seller's Agent
Scott Logan
UNITED CALIFORNIA REALTY
Buyer's Agent
Art Marin
J & M Realty
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$650,000
Outstanding Balance
$581,354
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$638,686

Purchase Details

Closed on
Aug 19, 2019
Sold by
Passco 2M Llc
Bought by
Genus L P

Purchase Details

Closed on
Jun 14, 2006
Sold by
Romoland 50 Llc
Bought by
Passco 2M Llc

Purchase Details

Closed on
Jun 24, 2005
Sold by
Motte Mary Ann
Bought by
Motte John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2005
Sold by
Motte John D and Motte Leon E
Bought by
Romoland 50 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Warner Barbara Jean
Bought by
Motte Leon E and Motte Darlene L Morro

Purchase Details

Closed on
Aug 28, 2002
Sold by
Johnson Yvonne Motte
Bought by
Johnson Yvonne Motte
Source: Public Records

Range of Values:

Collateral Analytics

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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 Type Sale Price Title Company
Grant Deed $995,000 Orange Coast Ttl Co Of Socal
Grant Deed $300,000 Fidelity National Title Co
Grant Deed -- Ticor Title
Interfamily Deed Transfer -- First American Title Company
Grant Deed -- First American Title Company
Grant Deed -- First American Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 Commercial
Previous Owner $930,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 For Sale $2,200,000 +125.6% --
12/21/2020 12/21/20 Sold $975,000 -2.0% --
11/20/2020 11/20/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $995,000 -- --
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 $12,474 $1,112,737 $1,077,019 $35,718
2023 $12,474 $1,052,364 $1,035,198 $17,166
2022 $12,305 $1,031,730 $1,014,900 $16,830
2021 $12,081 $1,011,500 $995,000 $16,500
2020 $13,060 $1,103,000 $1,086,500 $16,500
2019 $23,989 $2,101,814 $2,040,571 $61,243
2018 $22,918 $2,060,603 $2,000,560 $60,043
2017 $22,573 $2,020,200 $1,961,334 $58,866
2016 $22,231 $1,980,589 $1,922,877 $57,712
2015 $21,953 $1,950,842 $1,893,995 $56,847
2014 $21,286 $1,912,631 $1,856,896 $55,735
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2023

    Ibeth Hernandez

    CASTANEDA REAL ESTATE

  • S

    Seller's Agent in 2020

    Scott Logan

    UNITED CALIFORNIA REALTY

  • A

    Buyer's Agent in 2020

    Art Marin

    J & M Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20174066

California Regional Multiple Listing Service (CRMLS)

APN: 327-260-021

California Riverside County Romoland 92585

23489 Mapes Rd, Romoland, CA

This home is located at 23489 Mapes Rd, Romoland, CA 92585 and is currently priced at $975,000. 23489 Mapes Rd is a home located in Riverside County with nearby schools including Pinacate Middle School, Ethan A. Chase Middle School, and Heritage High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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