NOT LISTED FOR SALE

28229 Inspiration Lake Dr Menifee, CA 92584

Menifee Lakes Neighborhood

Estimated Value: $549,703 - $574,000

3 Beds
2.5 Baths
1,870 Sq Ft
$301/Sq Ft Est. Value

Last Sold October 24, 2019

Last sale price $313,500 $168 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,369/month

Highlights

  • Primary Bedroom Suite
  • Neighborhood Views
  • 2 Car Attached Garage
  • Loft
  • Community Pool
  • Living Room

About This Home

As of October 2019

Don't pass up this DEAL!! Priced well below market value this home is situated in Menifee Lakes on a quiet street a short walk from the lake. This home features an open concept family room and kitchen with formal dining and living room. Vaulted ceilings with clerestory windows in the living room giving you an open feeling and plenty of light. The kitchen was remodeled with all new Kraftmaid cabinets, roll-out drawers, and solid surface counters. Upstairs you will find a large master suite with vaulted ceilings and tons of light, a walk-in closet and large soaking tub. There are two secondary bedrooms and loft upstairs, perfect for a den, office or work out area. Taxes are low and this home is close to great schools, freeway and shopping.

Last Agent to Sell the Property

Elizabeth Gebhardt

Allison James Estates & Homes License #01161547 Listed on: 09/07/2019

Allison James Estates & Homes

Last Buyer's Agent

Shannon Munoz

Allison James Estates & Homes License #02022001

Allison James Estates & Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,193

Year Built

  • Built in 1990

Lot Details

  • 4,792 Sq Ft Lot
  • Back and Front Yard
  • Property is zoned SP ZONE

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,870 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Loft
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 89
  • Tax Tract Number 2671
  • Assessor Parcel Number 364064008

Community Details

Overview

  • The Lakes Association, Phone Number (951) 972-6179

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,193

Year Built

Built in 1990

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: SP ZONE
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 364064008
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1870.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 167.65
  • Room Type: Family Room, Living Room, Loft, Master Suite

Exterior Features

  • View: Neighborhood
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Barbecue, Picnic Area, Playground
  • Association Fee: 67.00
  • Association Fee Frequency: Monthly
  • Association Name: the lakes
  • Phone: 9519726179
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4792.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 427.38
  • Tax Lot: 89
  • Tax Tract Number: 02671

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2019
Closed on
Oct 23, 2019
Sold by
Canedo Enedina
Bought by
Tinajero Robert Manuel
Seller's Agent
Elizabeth Gebhardt
Allison James Estates & Homes
Buyer's Agent
Shannon Munoz
Allison James Estates & Homes
List Price
$310,000
Sold Price
$313,500
Premium/Discount to List
$3,500
1.13%
Current Estimated Value
$563,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,676
Avg. Annual Appreciation
10.24%
Original Mortgage
$250,800
Outstanding Balance
$219,713
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$343,463

Purchase Details

Closed on
Apr 5, 2019
Sold by
Castillo Anthony R and Castillo Eva
Bought by
Tinajero Robert Manuel

Purchase Details

Listed on
Jan 30, 2018
Closed on
Apr 16, 2018
Sold by
Dietrich David D and Dietrich Dawn
Bought by
Castillo Anthony R and Castillo Eva
Seller's Agent
Mark Petras
Allison James Estates & Homes
Buyer's Agent
Elizabeth Gebhardt
Andrew Arroyo Real Estate, Inc
List Price
$359,000
Sold Price
$359,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$352,497
Interest Rate
4.43%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 22, 2013
Closed on
Jul 31, 2013
Sold by
Griffis Justin C and Griffis Jennifer E
Bought by
Dietrich David D and Dietrich Dawn
Seller's Agent
Kathy Slavin
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
Mark Petras
Allison James Estates & Homes
List Price
$240,000
Sold Price
$251,000
Premium/Discount to List
$11,000
4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$200,800
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2010
Sold by
Inspiration Lake Trust #28229
Bought by
Griffis Justin C and Griffis Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,655
Interest Rate
5.03%
Mortgage Type
VA

Purchase Details

Closed on
Dec 11, 2009
Sold by
Colera Michael A
Bought by
Inspiration Trust #28229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,655
Interest Rate
5.03%
Mortgage Type
VA

Purchase Details

Closed on
Jul 27, 2005
Sold by
Colera Cheryl A
Bought by
Colera Michael A

Purchase Details

Closed on
Oct 7, 2002
Sold by
Ballard Mark and Ballard Timmie L
Bought by
Colera Michael A and Colera Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2001
Sold by
Ballard Mark
Bought by
Ballard Mark and Ballard Timmie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 1993
Sold by
Federal National Mortgage Association
Bought by
Ballard Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
7.21%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 16, 1993
Sold by
Homefed Bank Fa
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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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
Tinajero Robert Manuel -- First American Title
Tinajero Robert Manuel $313,500 First American Title Company
Castillo Anthony R $359,000 Ticor Title
Dietrich David D $251,000 Priority Title
Griffis Justin C $170,000 First American Title Company
Inspiration Trust #28229 -- First American Title Ins Co
Colera Michael A -- --
Colera Michael A $234,000 New Century Title Company
Ballard Mark -- Equity Title Company
Ballard Mark $123,500 Stewart Title Co
Federal National Mortgage Association -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tinajero Robert Manuel $250,800
Previous Owner Castillo Anthony R $352,497
Previous Owner Dietrich David D $200,800
Previous Owner Griffis Justin C $173,655
Previous Owner Colera Michael A $187,200
Previous Owner Ballard Mark $140,000
Previous Owner Ballard Mark $123,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2019 10/24/19 Sold $313,500 +1.1% $168 / Sq Ft
09/07/2019 09/07/19 For Sale $310,000 -13.6% $166 / Sq Ft
04/16/2018 04/16/18 Sold $359,000 0.0% $192 / Sq Ft View Prior Sale
03/06/2018 03/06/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $359,000 +43.0% $192 / Sq Ft
08/30/2013 08/30/13 Sold $251,000 +4.6% $134 / Sq Ft View Prior Sale
07/13/2013 07/13/13 Pending -- -- --
06/22/2013 06/22/13 For Sale $240,000 -- $128 / 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 $4,193 $342,853 $98,426 $244,427
2023 $4,193 $329,542 $94,605 $234,937
2022 $4,170 $323,081 $92,750 $230,331
2021 $4,099 $316,747 $90,932 $225,815
2020 $4,038 $313,500 $90,000 $223,500
2019 $4,572 $361,080 $108,324 $252,756
2018 $3,393 $273,477 $64,639 $208,838
2017 $3,338 $268,116 $63,372 $204,744
2016 $3,217 $262,860 $62,130 $200,730
2015 $3,172 $258,914 $61,198 $197,716
2014 $3,074 $251,000 $60,000 $191,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW19214979

California Regional Multiple Listing Service (CRMLS)

APN: 364-064-008