NOT LISTED FOR SALE

29491 Rainbow Forest Way Menifee, CA 92584

Menifee Lakes Neighborhood

Estimated Value: $478,000 - $524,000

2 Beds
2 Baths
1,500 Sq Ft
$332/Sq Ft Est. Value

Last Sold March 23, 2016

Last sale price $312,000 $208 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,200/month

18 Days on Market

Highlights

  • Fitness Center
  • Active Adult
  • Mountain View
  • Private Pool
  • All Bedrooms Downstairs
  • Clubhouse

About This Home

As of March 2016

Beautiful turn key single story located in the highly sought after 55+ Resort Community of the Oasis. Home has been well taken care of and pride of ownership shows throughout. Home welcomes you from the moment you arrive offering newly painted exterior, manicured landscaping with beautiful roses and crape myrtle. Step inside to open floorplan, neutral colors and lots of natural light. Home features new tile throughout living areas, Plantation Shutters, ceilings fans throughout and additional insulation to help reduce your heating and cooling costs! Spacious eat in kitchen offers granite counters, stainless appliances, and large pantry perfect for all those Costco goodies! Both baths have new granite and fixtures. Step outside to your private yard perfect for entertaining with low maintenance landscaping, stamped concrete, and full length solid patio cover. HOA offers tons of amenities, with Oasis you are not just buying a home, your buying a lifestyle! Beautiful 22,000 sq ft Clubhouse offering Olympic sized pool, relaxing spa, tennis, gym, billiards, banquets and more! HOA also includes front yard landscape care/water and trash pick up. Want more? How about minutes to Golf, Shopping, Freeway, and Medical Center. Hurry, this home will not last!

Last Agent to Sell the Property

Karla Ferrando

Realty ONE Group Southwest License #01193590 Listed on: 01/26/2016

Realty ONE Group Southwest

Last Buyer's Agent

Robert Veeder

Better Homes and Gardens Real Estate Registry License #01362335

Better Homes and Gardens Real Estate Registry

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,373

Year Built

  • Built in 2003

Lot Details

  • 5,663

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Mountain
  • Hills

Interior Spaces

  • 1,500 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Full Bathrooms

Outdoor Features

  • Private Pool
  • Exterior Lighting

Additional Features

  • 5,663 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 25276
  • Assessor Parcel Number 340300013

Community Details

Overview

  • Active Adult
  • Oasis Association

Amenities

  • Outdoor Cooking Area
  • Clubhouse
  • Banquet Facilities
  • Billiard Room
  • Meeting Room
  • Card Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Sport Court
  • Ping Pong Table
  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Security Guard
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,373

Year Built

Built in 2003

Lot Details

0

HOA Fees

$195 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: office
  • Other Phone Number: 951-699-9300
  • Property Attached: No
  • Road Surface Type: Maintained
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 340300013
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1500.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 208.00
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Hills, Mountain(s)
  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Billiard Room, Banquet Facilities, Clubhouse, Card Room, Dues Paid Monthly, Guard, Gym/Ex Room, Meeting Room, Management, Outdoor Cooking Area, Paddle Tennis, Pet Rules, Pets Permitted, Pool, Recreation Room, Spa/Hot Tub, Sport Court, Tennis Court(s), Trash
  • Association Fee: 195.00
  • Association Fee Frequency: Monthly
  • Association Name: Oasis
  • Senior Community: Yes
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Size Sq Ft: 5663.00
  • Price Per Lot Square Foot: 55.09
  • Lot Size Acres: 0.1300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5663.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 25276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2016
Closed on
Feb 24, 2016
Sold by
Gundrum Richard
Bought by
Roberts Gundrum Heather N
Seller's Agent
Karla Ferrando
Realty ONE Group Southwest
Buyer's Agent
Robert Veeder
Better Homes and Gardens Real Estate Registry
List Price
$314,900
Sold Price
$312,000
Premium/Discount to List
-$2,900
-0.92%
Current Estimated Value
$498,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,235
Avg. Annual Appreciation
5.03%
Original Mortgage
$215,000
Outstanding Balance
$91,460
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$406,775

Purchase Details

Listed on
Jan 26, 2016
Closed on
Feb 17, 2016
Sold by
Waschak Roger and Beard Marjean
Bought by
Roberts Larry D and Roberts Pauline R
Seller's Agent
Karla Ferrando
Realty ONE Group Southwest
Buyer's Agent
Robert Veeder
Better Homes and Gardens Real Estate Registry
List Price
$314,900
Sold Price
$312,000
Premium/Discount to List
-$2,900
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Outstanding Balance
$91,460
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$406,775

Purchase Details

Closed on
May 28, 2015
Sold by
Beard Marjean
Bought by
Waschak Roger and Beard Marjean

Purchase Details

Closed on
May 15, 2015
Sold by
Waschak Roger
Bought by
Beard Marjean

Purchase Details

Listed on
Aug 4, 2014
Closed on
Aug 21, 2014
Sold by
Brasher Herbert Randall and Brasher Gisela
Bought by
Waschak Roger and Beard Marjean
Seller's Agent
Jodi Diago
Re/Max Diamond Prestige
Buyer's Agent
Karla Ferrando
Realty ONE Group Southwest
List Price
$279,000
Sold Price
$277,000
Premium/Discount to List
-$2,000
-0.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
Dec 4, 2003
Sold by
Ryland Homes Of California Inc
Bought by
Brasher Herbert Randall and Brasher Gisela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,750
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
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
Roberts Gundrum Heather N -- Title 365
Roberts Larry D $313,000 Title 365
Waschak Roger -- None Available
Beard Marjean -- None Available
Waschak Roger $277,000 Chicago Title Company
Brasher Herbert Randall $202,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Larry D $215,000
Previous Owner Brasher Herbert Randall $191,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2016 03/23/16 Sold $312,000 -0.9% $208 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $314,900 +13.7% $210 / Sq Ft
09/04/2014 09/04/14 Sold $277,000 -0.7% $185 / Sq Ft View Prior Sale
08/17/2014 08/17/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $279,000 -- $186 / 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 $4,373 $370,402 $111,117 $259,285
2023 $4,373 $356,020 $106,803 $249,217
2022 $4,345 $349,040 $104,709 $244,331
2021 $4,269 $342,197 $102,656 $239,541
2020 $4,204 $338,689 $101,604 $237,085
2019 $4,107 $332,049 $99,612 $232,437
2018 $3,937 $325,539 $97,661 $227,878
2017 $3,871 $319,157 $95,747 $223,410
2016 $3,371 $280,858 $82,982 $197,876
2015 $3,327 $277,000 $83,100 $193,900
2014 -- $234,273 $81,182 $153,091
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16016705

California Regional Multiple Listing Service (CRMLS)

APN: 340-300-013