NOT LISTED FOR SALE

Estimated Value: $635,000 - $742,240

3 Beds
2 Baths
1,535 Sq Ft
$451/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $620,000 $404 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,308/month

6 Days on Market

Highlights

  • Heated In Ground Pool
  • Main Floor Bedroom
  • Neighborhood Views
  • 2.18 Acre Lot
  • No HOA
  • 2 Car Attached Garage

About This Home

As of February 2022

Incredible opportunity for instant equity in this single level home on fully fenced acreage, with heated pool/spa. Home needs updating but is priced well below market to reflect this! Located under 4 miles from I-15/Central exit in Lake Elsinore. Make it your own style and finishes and see your property value soar. Gated entry to this property. Home has a great floor plan with open kitchen, dining room, sun room, living room and family rooms. Family room has a fireplace. Laundry room/mud room, 3 bedrooms and 2 baths, including primary bedroom with private bath. No HOA and low, low tax rate keep your payment affordable. Suitable for horses, RV or equipment parking and more! Easy freeway access for commuters and close still to shopping and schools, but with all the advantages of life in the country!

Last Agent to Sell the Property

Goran Forss

Team Forss Realty Group License #01711806 Listed on: 01/08/2022

Co-Listed By

Matt Tibbetts

Team Forss Realty Group License #01911091

Last Buyer's Agent

Val Ives

LPT Realty, Inc License #01370557

LPT Realty, Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 2.18 Acre Lot
  • Rural Setting
  • Level Lot
  • Property is zoned W-2-M-1

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,535 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Pool

  • Heated In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Engineered Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number 346220040
  • $25 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: W-2-M-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 346220040
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1535.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 403.91
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Features: Private, Heated, In Ground
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 94961.00
  • Lot Size Acres: 2.1800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 94961.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 429.02
  • Tax Lot: 81
  • TaxOtherAnnualAssessmentAmount: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2022
Closed on
Feb 17, 2022
Sold by
Timothy Freeman Richard
Bought by
Richard Freeman Living Trust
Seller's Agent
Goran Forss
Team Forss Realty Group
Buyer's Agent
Val Ives
LPT Realty, Inc
List Price
$525,000
Sold Price
$620,000
Premium/Discount to List
$95,000
18.1%
Current Estimated Value
$691,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,810
Avg. Annual Appreciation
2.85%
Original Mortgage
$473,600
Outstanding Balance
$438,093
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$253,717

Purchase Details

Listed on
Jan 8, 2022
Closed on
Feb 2, 2022
Sold by
Richard Freeman Living Trust
Bought by
Madrid Andrew Negrete and Mayerson Keith Brian
Seller's Agent
Goran Forss
Team Forss Realty Group
Buyer's Agent
Val Ives
LPT Realty, Inc
List Price
$525,000
Sold Price
$620,000
Premium/Discount to List
$95,000
18.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,600
Outstanding Balance
$438,093
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$253,717

Purchase Details

Closed on
Nov 15, 2014
Sold by
Freeman Richard
Bought by
Freeman Richard
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
Richard Freeman Living Trust -- --
Madrid Andrew Negrete $620,000 Lawyers Title
Freeman Richard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madrid Andrew Negrete $473,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2022 02/17/22 Sold $620,000 0.0% $404 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
01/10/2022 01/10/22 Off Market $620,000 -- --
01/08/2022 01/08/22 For Sale $525,000 -- $342 / 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 $8,286 $744,163 $79,590 $664,573
2023 $8,286 $630,268 $76,500 $553,768
2022 $7,016 $244,004 $48,785 $195,219
2021 $2,731 $239,221 $47,829 $191,392
2020 $2,695 $236,769 $47,339 $189,430
2019 $2,631 $232,127 $46,411 $185,716
2018 $2,510 $227,576 $45,502 $182,074
2017 $2,474 $223,114 $44,610 $178,504
2016 $2,423 $218,740 $43,736 $175,004
2015 $2,395 $215,456 $43,080 $172,376
2014 $2,327 $211,237 $42,237 $169,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22004255

California Regional Multiple Listing Service (CRMLS)

APN: 346-220-040