Katherine Jankowski
LEKASA
(657) 297-4181
56 Total Sales
1 in Paloma Valley
$522,500 Price
The property currently contains a ±1,800 SF three bedroom, two bathroom house with a detached garage. The house contains a fenced in yard
/ driveway.
The structure is located in the South-West corner of the property along Scott Rd. The house is currently being used as a rental property and is
generating approx $2,500 / month in income.
The existing structure is a good way to generate income while processing land development entitlements.
The property sits on flat topography with most to all of the land being usable space. The property has utilities available with recently
upgraded septic at sight of existing structure. The property is within the City of Menifee which offers the following services:
• Water: Eastern Municipal Water District
• Electricity: Southern California Edison
• Gas: Southern California Gas Company
• Phone: Frontier Communications
• Fire: Riverside County Fire Department
• Police: Riverside County Sheriff’s Department
Low Density Residential
Through several talks with the City of Menifee, we believe they would be in favor of rezoning this land from a minimum requirement of one
lot per acre to one lot per half acre. The city of Menifee continues to grow both from a commercial as well as a residential standpoint, and
this centrally located property would be a great location for developers to invest in. The city continues to encourage new developments
and is need of more housing.
Location
The property is located just ¾ of a mile west of I-215 on a hard corner of Scott Rd and Ascot Way. Scott Rd is one of the two main
thoroughfares in Menifee. Scott Rd also turns into Bundy Canyon which places the subject property just 6 miles from I-15 and 45 miles
from Orange County. The property is located just ¾ of a mile from a major retail center with Albertson’s, Wells Fargo, 7/11, as well as
multiple restaurants in the area.
Scott Rd improvements:
Current plans are in place to widen Scott Rd to five lanes. Current construction of the Scott Rd / I-215 Interchange Project is set to be
completed by Spring 2020. The project will widen the Scott Rd bridge to 6 lanes and expand on/off ramps to two lanes for off ramps and
three lanes for on ramps. The city’s goal is to increase the flow of traffic in hopes of spurring new development projects within the area.
Last Agent to Sell the Property
COLDWELL BANKER COMMERCIAL SC License #01435174 Listed on: 04/13/2021
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Katherine Jankowski
LEKASA
(657) 297-4181
56 Total Sales
1 in Paloma Valley
$522,500 Price
Kathy Vineyard
Re/Max Diamond Prestige
(951) 441-2557
102 Total Sales
4 in Paloma Valley
$225K - $840K Price Range
Lokesh Bharadwaj
KLM Golden Real Estate Inc.
(562) 502-1705
55 Total Sales
1 in Paloma Valley
$610,000 Price
John Simcoe
Keller Williams Realty
(951) 476-2949
178 Total Sales
1 in Paloma Valley
$500,000 Price
Georgia King
Higher Realty Inc
(951) 501-0913
8 Total Sales
1 in Paloma Valley
$435,000 Price
ZACHARY BLOUNT
OMEGA REAL ESTATE
(951) 877-5325
45 Total Sales
1 in Paloma Valley
$662,500 Price
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Wfg National Title | ||
| Ngo Dinh Phuc | $750,000 | Wfg National Title | |
| Minkowitz Harold S | -- | Lawyers Title | |
| Doc Harvey Properties Llc | -- | Fidelity National Title Oran | |
| Harvey Gregory D | -- | None Available | |
| Harvey Dr Gregory D | -- | None Available | |
| Ejd Properties Llc | -- | None Available | |
| Harvey Todd A | -- | None Available | |
| Ejd Properties Llc | -- | Equity Title Company | |
| Ejd Properties Llc | $1,050,000 | Equity Title Company | |
| Quisenberry Sharon | $695,000 | Stewart Title Riverside | |
| Jones James T | -- | United Title | |
| Jones James T | -- | United Title | |
| Jones James T | -- | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $520,000 | ||
| Previous Owner | Ngo Dinh Phuc | $520,000 | |
| Previous Owner | Doc Harvey Properties Llc | $500,000 | |
| Previous Owner | Doc Harvey Properties Llc | $257,950 | |
| Previous Owner | Ejd Properties Llc | $447,000 | |
| Previous Owner | Jones James T | $65,000 | |
| Previous Owner | Jones James T | $25,000 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2022 08/22/22 | Sold | $750,000 | 0.0% | -- |
| 09/11/2021 09/11/21 | For Sale | $750,000 | 0.0% | -- |
| 07/23/2021 07/23/21 | Pending | -- | -- | -- |
| 04/13/2021 04/13/21 | For Sale | $750,000 | -- | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,060 | $795,903 | $477,544 | $318,359 |
| 2025 | $8,867 | $780,298 | $468,181 | $312,117 |
| 2023 | $8,867 | $750,000 | $450,001 | $299,999 |
| 2022 | $5,231 | $428,400 | $255,000 | $173,400 |
| 2021 | $5,138 | $420,000 | $250,000 | $170,000 |
| 2020 | $4,142 | $336,262 | $168,131 | $168,131 |
| 2019 | $4,060 | $329,670 | $164,835 | $164,835 |
| 2018 | $3,889 | $323,206 | $161,603 | $161,603 |
| 2017 | $3,824 | $316,870 | $158,435 | $158,435 |
| 2016 | $3,679 | $310,658 | $155,329 | $155,329 |
| 2015 | $3,626 | $305,994 | $152,997 | $152,997 |
| 2014 | $2,494 | $206,000 | $180,000 | $26,000 |
Seller's Agent in 2022
Brandon Sudweeks
COLDWELL BANKER COMMERCIAL SC
(951) 297-7425
4 in this area
36 Total Sales
GN
Buyer's Agent in 2022
General NONMEMBER
NONMEMBER MRML
CA
Buyer's Agent in 2022
Chris Arthur
ITECH MLS
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV21077309
Ask me questions while you tour the home.