NOT LISTED FOR SALE

Estimated Value: $698,000 - $783,935

5 Beds
4 Baths
3,808 Sq Ft
$193/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $650,000 $171 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,166/month

36 Days on Market

Highlights

  • Spa
  • Gated Community
  • Community Lake
  • Primary Bedroom Suite
  • Open Floorplan
  • 4-minute walk to Bristol Park

About This Home

As of August 2022

*PRICE IMPROVEMENT* TURNKEY two story home in the desirable gated community of The Lakes in Menifee. Situated on a cul-de-sac with no neighbors behind and one of the largest floorplans in the subdivision. If you are looking for an open concept, this home is it! 4 bedrooms upstairs + an office/5th bedroom downstairs. There is a large bonus room upstairs that makes a great play room/game room. The kitchen features granite countertops with a large center island, dual ovens , stainless steel appliances and walk in pantry. The home is equipped with nest thermostats-separate downstairs and upstairs units with triple zone sensing on each level. There is 4 -car tandem garage with a Tesla charging station that is negotiable to remain. Fruit bearing plum, pear, apricot, lemon and green apple trees in the back yard.The Lakes Association is a gated community that has 3 lakes, which allows fishing, kayaking and boating. Walking paths, parks and a Bay Club with fitness center, 2 pools, spa, spectacular waterslides, grill with patio area, outdoor fireplace area, large pool deck, reading room plus Events Center to enjoy, and you will never want to leave your resort-style living.

Last Agent to Sell the Property

Cheryl Melchor

Tower Agency License #01392399 Listed on: 06/09/2022

Tower Agency

Last Buyer's Agent

Jonathan Jackson

NON-MEMBER/NBA or BTERM OFFICE License #01948366

NON-MEMBER/NBA or BTERM OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,646

Year Built

  • Built in 2007

Lot Details

  • 8,276 Sq Ft Lot
  • Cul-De-Sac
  • Wrought Iron Fence
  • Wood Fence
  • Front Yard
  • Property is zoned SP ZONE

HOA Fees

  • $198 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Parking Available
  • Tandem Garage
  • Garage Door Opener

Home Design

  • Turnkey
  • Planned Development
  • Tile Roof

Interior Spaces

  • 3,808 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 4 Full Bathrooms

Outdoor Features

  • Spa
  • Covered Patio or Porch

Utilities

  • Two cooling system units
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 304
  • Tax Tract Number 304
  • Assessor Parcel Number 364280022
  • $4,110 per year additional tax assessments

Community Details

Overview

  • The Lakes Community Association, Phone Number (951) 514-2777
  • The Lakes HOA
  • Community Lake

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,646

Year Built

Built in 2007

Lot Details

0

HOA Fees

$198 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: nest, shed, and swing set
  • Property Attached: No
  • Security: Gated Community
  • Subdivision Name Other: The Lakes
  • View: Yes
  • Zoning: SP ZONE
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 364280022
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 3808.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Eating Area: Dining Room, In Kitchen
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 170.69
  • Room Type: Family Room, Formal Entry, Jack & Jill, Kitchen, Laundry, Living Room, Master Suite, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association, Community
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Patio And Porch Features: Concrete, Covered
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Door Opener, Tandem Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Oven, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 198.00
  • Association Fee Frequency: Monthly
  • Association Name: The Lakes Community Association
  • Phone: 951-514-2777
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Lake, Sidewalks
  • Association Management: The Lakes

Schools

  • School District: Menifee Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8276.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 427.38
  • Tax Lot: 304
  • Tax Tract Number: 304...
  • TaxOtherAnnualAssessmentAmount: 4110.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jul 20, 2022
Sold by
Monroe and Viridiana
Bought by
Portillo Felipe and Portillo Ana Rosa
Seller's Agent
Cheryl Melchor
Tower Agency
Buyer's Agent
Jonathan Jackson
NON-MEMBER/NBA or BTERM OFFICE
List Price
$695,000
Sold Price
$650,000
Premium/Discount to List
-$45,000
-6.47%
Views
6
Current Estimated Value
$734,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,984
Avg. Annual Appreciation
4.15%
Original Mortgage
$585,000
Outstanding Balance
$559,122
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$175,862

Purchase Details

Listed on
Dec 31, 2019
Closed on
Apr 29, 2020
Sold by
Nicholls Paul W and Nicholls Kristine D
Bought by
Monroe Justin and Monroe Viridiana
Seller's Agent
Jennifer Martel
COLDWELL BANKER REALTY
Buyer's Agent
Tony Trafton
Re/Max Diamond Prestige
List Price
$474,900
Sold Price
$475,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.18%
Original Mortgage
$450,498
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2016
Sold by
Nicholls Paul W and Nicholls Kristine D
Bought by
Nicholls Paul W and Nicholls Kristine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2015
Sold by
Nicholls Paul W and Nicholls Kristine D
Bought by
The Nicholls Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2013
Sold by
Nicholls Paul W and Nichols Kristine D
Bought by
Nicholls Paul W and Nicholls Kristine D

Purchase Details

Closed on
Oct 4, 2007
Sold by
Centex Homes
Bought by
Nicholls Paul W and Nicholls Kristine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
6.27%
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
Portillo Felipe $650,000 None Listed On Document
Monroe Justin $475,000 First American Title
Nicholls Paul W -- Accommodation
Nicholls Paul W -- First American Title Company
The Nicholls Family Trust -- First American Title Co
Nicholls Paul W -- First American Title Co
Nicholls Paul W -- None Available
Nicholls Paul W $442,500 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portillo Felipe $585,000
Previous Owner Monroe Justin $450,498
Previous Owner Nicholls Paul W $277,000
Previous Owner Nicholls Paul W $274,000
Previous Owner Nicholls Paul W $280,300
Previous Owner Nicholls Paul W $292,000
Previous Owner Nicholls Paul W $287,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $650,000 -2.3% $171 / Sq Ft
07/08/2022 07/08/22 Price Changed $665,000 -1.5% $175 / Sq Ft
06/22/2022 06/22/22 Price Changed $675,000 -2.9% $177 / Sq Ft
06/09/2022 06/09/22 For Sale $695,000 +46.3% $183 / Sq Ft
06/04/2020 06/04/20 Sold $475,000 +1.1% $125 / Sq Ft
04/27/2020 04/27/20 Pending -- -- --
04/08/2020 04/08/20 Price Changed $469,900 -1.1% $123 / Sq Ft
12/31/2019 12/31/19 For Sale $474,900 -- $125 / 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 $11,646 $676,260 $104,040 $572,220
2023 $11,646 $650,000 $100,000 $550,000
2022 $9,910 $489,518 $103,056 $386,462
2021 $9,901 $479,921 $101,036 $378,885
2020 $9,595 $456,331 $113,547 $342,784
2019 $9,418 $443,040 $110,240 $332,800
2018 $9,050 $426,000 $106,000 $320,000
2017 $8,951 $415,000 $103,000 $312,000
2016 $8,816 $405,000 $101,000 $304,000
2015 $8,536 $375,000 $93,000 $282,000
2014 $8,072 $339,000 $84,000 $255,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV22124907

California Regional Multiple Listing Service (CRMLS)

APN: 364-280-022