NOT LISTED FOR SALE

322 S Bluff Rd Montebello, CA 90640

Estimated Value: $1,351,000 - $1,709,000

Studio
0.5 Bath
100 Sq Ft
$14,744/Sq Ft Est. Value

Sale Details

Date Sold: November 26, 2018

Last sale price $975,000 $9,750 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $9,856 / mo

6 Days on Market

Highlights

  • Community Stables
  • Horse Property Unimproved
  • 1.39 Acre Lot
  • Horse Property
  • River View
  • Secluded Lot

About This Home

As of November 2018

Attention Experienced Investors and Horse Lovers!!
Experienced Investors and Developers:
This is the opportunity you have been waiting for. Plans have been drawn up for 10 town-homes. However, it only gets better. Today (11/7/2018) I went to the city of Montebello's planning division and they absolutely love the idea. They are on board for development of town-homes and they even told me that done properly, more then 20 town-homes can be built. They gave me a checklist of items they would want to see before construction starts. Feel free to reach out to be informed about full conversation with the planning manager.
Current owner is netting close to $6,000 a month from boarding horses.

Horse Lovers:
This acre and a half ranch holds around 40 stables and there is still plenty of land available. From the street one will notice a very flat piece of land ready to be used. From the top of the property, one will then notice a declining drive way that will then take you heart of the ranch. The property currently has many different styles of stables, from barn style to pipes to the regular wooden rectangles. This ranch is ready to be transformed into the ranch of your dreams.

Whether you are an experienced investor, horse lover, or just in need of very usable land in the wonderful city of Montebello please feel free to reach out as this property will not last long.

Buyers Agents to do their own investigation and research with regards to zoning and development

Last Agent to Sell the Property

Emmanuel Gamboa

Exclusive Realty Associates License #02041836 Listed on: 11/07/2018

Last Buyer's Agent

Thomas Nguyen

Real Capital Inc License #01342497

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 1.39 Acre Lot
  • Secluded Lot
  • Density is 2-5 Units/Acre
  • Property is zoned MNRA*

Property Views

  • River
  • Mountain
  • Neighborhood

Home Design

  • 100 Sq Ft Home
  • Ranch Style House

Bedrooms and Bathrooms

  • Walk-In Closet
  • 0.5 Bathroom

Additional Features

  • Horse Property
  • Urban Location
  • Pasture
  • Horse Property Unimproved

Listing and Financial Details

  • Tax Lot A
  • Tax Tract Number 6330
  • Assessor Parcel Number 6348010005

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Stables
  • Horse Trails

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

1.39 Acres

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: MNRA*
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 6348010005
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 100.00 Square Feet
  • Common Walls: 1 Common Wall
  • One Quarter Bathrooms: 1
  • Levels: One
  • Price Per Square Foot: 9750.00
  • Room Type: Walk-In Closet

Exterior Features

  • View: Mountain(s), Neighborhood, River
  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails, Stable(s), Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Horse Property, Horse Property Unimproved, Lot Over 40000 Sqft, Pasture, Ranch, Secluded
  • Lot Size Sq Ft: 60585.00
  • Lot Size Acres: 1.3908

Multi Family

  • Lease Considered: No
  • Lot Size Area: 60585.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5321.01
  • Tax Lot: A
  • Tax Tract Number: 6330

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2018
Closed on
Nov 15, 2018
Sold by
Arellano Rafael and Arellano Lorena
Bought by
Arellano Rafael and Arellano Lorena
Seller's Agent
Emmanuel Gamboa
Exclusive Realty Associates
Buyer's Agent
Thomas Nguyen
Real Capital Inc
List Price
$1,010,000
Sold Price
$975,000
Premium/Discount to List
-$35,000
-3.47%
Current Estimated Value
$1,548,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,898
Avg. Annual Appreciation
5.70%
Original Mortgage
$615,000
Outstanding Balance
$540,811
Interest Rate
4.9%
Mortgage Type
Balloon
Estimated Equity
$933,626

Purchase Details

Listed on
Nov 7, 2018
Closed on
Nov 13, 2018
Sold by
Arellano Rafael and Arellano Lorena
Bought by
Nuyen Thong Huu
Seller's Agent
Emmanuel Gamboa
Exclusive Realty Associates
Buyer's Agent
Thomas Nguyen
Real Capital Inc
List Price
$1,010,000
Sold Price
$975,000
Premium/Discount to List
-$35,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Outstanding Balance
$540,811
Interest Rate
4.9%
Mortgage Type
Balloon
Estimated Equity
$933,626

Purchase Details

Closed on
Apr 12, 2004
Sold by
Barraza Desiderio S and Bypass Trust Of The Desiderio
Bought by
Arellano Rafael

Purchase Details

Closed on
Apr 4, 2003
Sold by
Barraza Desiderio S and Barraza Desiderio S
Bought by
Barraza Desiderio S and Desiderio S & Margaret C Barraza Living

Purchase Details

Closed on
Mar 22, 1996
Sold by
Barraza Desiderio S and Barraza Margaret C
Bought by
Barraza Desiderio S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Arellano Rafael -- Old Republic Title Company
Nuyen Thong Huu $975,000 Old Republic Title Company
Arellano Rafael $400,000 Fidelity Van Nuys
Barraza Desiderio S -- --
Barraza Desiderio S -- --
Source: Public Records

Mortgage History

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
Open Nuyen Thong Huu $615,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2018 11/26/18 Sold $975,000 -3.5% $9,750 / Sq Ft
11/13/2018 11/13/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $1,010,000 -- $10,100 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $17,479 $1,190,674 $1,190,674 --
2024 $17,193 $1,167,328 $1,167,328 --
2023 $17,170 $1,144,440 $1,144,440 $0
2022 $16,610 $1,122,000 $1,122,000 $0
2021 $14,807 $1,004,803 $1,004,803 $0
2020 $14,651 $994,500 $994,500 $0
2019 $14,221 $975,000 $975,000 $0
2018 $7,212 $477,322 $474,830 $2,492
2016 $6,873 $458,790 $456,393 $2,397
2015 $6,501 $451,899 $449,538 $2,361
2014 $6,430 $443,048 $440,733 $2,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18268710

California Regional Multiple Listing Service (CRMLS)

APN: 6348-010-005

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