NOT LISTED FOR SALE

2564 Palo Alto Way Running Springs, CA 92382

Estimated Value: $267,000 - $313,000

1 Bed
1 Bath
826 Sq Ft
$353/Sq Ft Est. Value

Last Sold September 14, 2016

Last sale price $145,000 $176 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,731/month

23 Days on Market

Highlights

  • 27,488 Sq Ft lot
  • Main Floor Bedroom
  • No HOA
  • Mountain View
  • Loft
  • 2-minute walk to Firehouse Playground

About This Home

As of September 2016

What a great opportunity to own a cabin with so much land!! Property is being sold with 3 additional vacant land parcels (4 properties in total) comprising over 1/2 acre of total space, which is mostly flat. You can build 3 more houses or enjoy the extra land for yourself. It is also noted the vacant land is zoned residential/commercial so there are a lot of options with that. The cabin is a 1 bed 1 bath with a loft space upstairs which could be used as a 2nd bedroom. The main living room is very spacious with a wood burning stove. The outside porch/deck provides a very peaceful and relaxing space to take in the great air and views. Stop in today and check this property out for yourself. You will not be disappointed!! Additional APN's included: 0295-102-19 / 0295-102-21 / 0295-102-43.

Last Agent to Sell the Property

Craig Chastain

NEXT LEVEL REALTY License #01868232 Listed on: 06/12/2016

NEXT LEVEL REALTY

Last Buyer's Agent

Craig Chastain

NEXT LEVEL REALTY License #01868232 Listed on: 06/12/2016

NEXT LEVEL REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 0.63 Acre Lot

Interior Spaces

  • 826 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Loft
  • Mountain Views

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Bathroom

Community Details

  • No Home Owners Association
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1
  • Assessor Parcel Number 0295102180000

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0295102180000
  • Year Built: 1935
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 826.00 Square Feet
  • Common Walls: No Common Walls
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 175.54
  • Room Type: Loft, Living Room, Main Floor Bedroom

Exterior Features

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

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 27488.00
  • Price Per Lot Square Foot: 6.54

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2016
Closed on
Aug 18, 2016
Sold by
Grabowski Tabitha and Ries Michael James
Bought by
Schmitz Mark F and Schmitz Donna M
Seller's Agent
Craig Chastain
NEXT LEVEL REALTY
Buyer's Agent
Craig Chastain
NEXT LEVEL REALTY
List Price
$179,900
Sold Price
$145,000
Premium/Discount to List
-$34,900
-19.4%
Current Estimated Value
$292,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,626
Avg. Annual Appreciation
7.82%
Original Mortgage
$123,250
Outstanding Balance
$98,244
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$192,954

Purchase Details

Listed on
Jun 12, 2016
Closed on
Jul 19, 2016
Sold by
Goetsch James D
Bought by
Goetsch Tifani
Seller's Agent
Craig Chastain
NEXT LEVEL REALTY
Buyer's Agent
Craig Chastain
NEXT LEVEL REALTY
List Price
$179,900
Sold Price
$145,000
Premium/Discount to List
-$34,900
-19.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Outstanding Balance
$98,244
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$192,954

Purchase Details

Listed on
Jun 12, 2016
Closed on
Jul 17, 2016
Sold by
Grabowski Neal L
Bought by
Grabowski Tabitha
Seller's Agent
Craig Chastain
NEXT LEVEL REALTY
Buyer's Agent
Craig Chastain
NEXT LEVEL REALTY
List Price
$179,900
Sold Price
$145,000
Premium/Discount to List
-$34,900
-19.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Outstanding Balance
$98,244
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$192,954
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schmitz Mark F $145,000 First American Title Ins
Goetsch Tifani -- Fifirst American Title Co
Ries Michael James -- First American Title
Grabowski Tabitha -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitz Mark F $123,250
Previous Owner Ries Michael James $123,250
Previous Owner Grabowski Tabitha $123,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2016 09/14/16 Sold $145,000 0.0% $176 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
07/01/2016 07/01/16 Off Market $145,000 -- --
06/12/2016 06/12/16 For Sale $179,900 0.0% $218 / Sq Ft
05/26/2013 05/26/13 Rented $750 0.0% --
05/26/2013 05/26/13 Under Contract -- -- --
05/03/2013 05/03/13 For Rent $750 -- --
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 $2,302 $175,188 $17,409 $157,779
2024 $2,302 $171,753 $17,068 $154,685
2023 $2,277 $168,385 $16,733 $151,652
2022 $2,236 $165,083 $16,405 $148,678
2021 $2,213 $161,846 $16,083 $145,763
2020 $2,213 $160,186 $15,918 $144,268
2019 $2,161 $157,045 $15,606 $141,439
2018 $1,601 $114,750 $15,300 $99,450
2017 $1,575 $112,500 $15,000 $97,500
2016 $608 $24,358 $7,065 $17,293
2015 $562 $23,992 $6,959 $17,033
2014 $557 $23,522 $6,823 $16,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16126704

California Regional Multiple Listing Service (CRMLS)

APN: 0295-102-18