NOT LISTED FOR SALE

2558 Cutoff Ct Walnut, CA 91789

Estimated Value: $2,498,000 - $2,827,642

5 Beds
4 Baths
4,360 Sq Ft
$613/Sq Ft Est. Value

Last Sold May 16, 2017

Last sale price $1,900,000 $436 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $16,344/month

15 Days on Market

Highlights

  • City Lights View
  • 40,125 Sq Ft lot
  • No HOA
  • Shelyn Elementary School Rated A-
  • End Unit
  • Formal Entry

About This Home

As of May 2017

*** A truly rare one of kind Estate! This won’t last a must see *** Immaculate, Gorgeous & Beautiful Custom Built Family Home With Over 40,000 Sq.Ft. Lot. Located On A Premier Lot With A Panoramic View Of The Mountains & City Lights! The Home Has Been Lovingly Maintained With Private Electric Rod Iron Gates. The Huge Master Bed Has Over Size Walk-In Closet, Master Bath Includes Built In Cabinets, Granite Counter-Top, Frosted Glass Privacy Windows, A Large Relaxing Soaking Tub. 1 Bed. Has An En-suite Bath. And The 2 Others Are Jack and Jill. 1 Bed & 1.5 Bath In Down stair. Newer Dual Pane Windows And Sliding Door, Tile Roof, High Ceiling In Living Room With Fireplace, Open & Custom Designed Kitchen With Top Of The Line Cabinets, Granite Counter-Tops For Easy Cleaning & Stainless Appliances Used. Extra Large Windows All Around Kitchen & Breakfast Area For Best And Relaxing Professional Landscaping That Promotes Tranquility And Peaceful Mind. Guest House Has Great Room, Kitchen, 2 Beds & 1.5 Bath With Permit, which currently in semi-self run airbnb renting, generating $3000 to $4000 per month.Building Permitting Show 4,250 Main House + 780 Sq. Ft. Guest House, Buyers Shall Verify The Sq. Ft. The Great Size tree lined Backyard Has Patio & Lots of room For Tennis Court Or Pool, etc.

Last Agent to Sell the Property

Heidi Mao

Pinnacle Real Estate Group License #01007529 Listed on: 02/02/2017

Pinnacle Real Estate Group

Co-Listed By

David Chow

Keller Williams Signature License #01940470

Last Buyer's Agent

Helen Chung

Pinnacle Real Estate Group License #01844321

Pinnacle Real Estate Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 0.92 Acre Lot
  • Property fronts a county road
  • End Unit
  • Density is up to 1 Unit/Acre
  • Property is zoned 024

Parking

  • 3 Car Garage

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 4,360 Sq Ft Home
  • Formal Entry
  • Family Room
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 22 / 8764
  • Tax Tract Number 35766
  • Assessor Parcel Number 8764024017

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: County Road
  • View: Yes
  • Zoning: 024
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 8764024017
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4360.00 Square Feet
  • Common Walls: End Unit, No Common Walls
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 435.78
  • Room Type: Family Room, Formal Entry

Exterior Features

  • View: City Lights, Mountain(s)
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 40125.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 8764
  • Tax Lot: 22
  • Tax Tract Number: 35766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2024
Sold by
Yang Jingwei
Bought by
Yang Jingwei and Wei Jing
Current Estimated Value
$2,673,911

Purchase Details

Closed on
Mar 10, 2017
Sold by
Fang Zhan and Hu Yudi
Bought by
Yang Jingwei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 5, 2014
Closed on
Nov 17, 2014
Sold by
Chu Wei Cheng and Pan Jean Kinjy
Bought by
Fang Zhan and Hu Yudi
Seller's Agent
Kim Yu
ReMax 2000 Realty
Buyer's Agent
David Chow
Keller Williams Signature
List Price
$1,899,900
Sold Price
$1,500,000
Premium/Discount to List
-$399,900
-21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$900,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 5, 2011
Sold by
Chu Wei Cheng and Pan Jean K
Bought by
Chu Wei Cheng and Pan Jean Kinjy

Purchase Details

Closed on
Sep 24, 2003
Sold by
Billary Development Inc
Bought by
Chu Wei Cheng and Pan Jean K

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
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2002
Sold by
Fallingstar Homes Inc
Bought by
Billary Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
6.22%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 18, 2002
Sold by
Arciero & Sons Inc
Bought by
Fallingstar Homes Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Yang Jingwei -- None Listed On Document
Yang Jingwei $1,900,000 Fatcola
Fang Zhan $1,500,000 Title 365
Chu Wei Cheng -- None Available
Chu Wei Cheng $1,130,000 Stewart Title
Billary Development Inc $250,000 Chicago Title Co
Fallingstar Homes Inc $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yang Jingwei $190,000
Previous Owner Fang Zhan $900,000
Previous Owner Chu Wei Cheng $500,000
Previous Owner Billary Development Inc $567,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2017 05/16/17 Sold $1,900,000 -13.6% $436 / Sq Ft
02/17/2017 02/17/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $2,199,000 +46.6% $504 / Sq Ft
12/24/2014 12/24/14 Sold $1,500,000 0.0% $344 / Sq Ft View Prior Sale
12/17/2014 12/17/14 Price Changed $1,500,000 -21.0% $344 / Sq Ft
11/16/2014 11/16/14 Pending -- -- --
11/05/2014 11/05/14 For Sale $1,899,900 -- $436 / 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 $28,008 $2,328,172 $1,044,524 $1,283,648
2024 $28,008 $2,282,523 $1,024,044 $1,258,479
2023 $25,866 $2,145,553 $1,003,965 $1,141,588
2022 $25,308 $2,103,484 $984,280 $1,119,204
2021 $24,906 $2,062,240 $964,981 $1,097,259
2019 $23,873 $1,976,760 $936,360 $1,040,400
2018 $22,985 $1,938,000 $918,000 $1,020,000
2016 $18,229 $1,522,874 $862,962 $659,912
2015 $17,923 $1,500,000 $850,000 $650,000
2014 $15,938 $1,310,605 $371,143 $939,462
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17022927

California Regional Multiple Listing Service (CRMLS)

APN: 8764-024-017