NOT LISTED FOR SALE

32281 Riverside Dr Lake Elsinore, CA 92530

Lake View District Neighborhood

Estimated Value: $1,820,894

4.95 Acres
$367,857 Price per Acre
215,622 Sq Ft Lot

Last Sold July 02, 2024

Last sale price $1,800,000

Est. 1% increase in value since last sale

Current estimated payment $11,297/month

287 Days on Market

About This Lot

As of July 2024

Fantastic development and investor opportunity! 4.95 acres for residential/commercial developers. The property is in the Downtown/Northern Part of Lake Elsinore, north of the lake and the Marina Boat Launch. Prime location and a high traffic count, with 395 feet frontage on heavily traveled HWY 74. Located just down the street from Lake Elsinore high school and on HWY 74/Riverside Drive and across the street from Lake Elsinore State Park Recreation Park, with views of the lake. RMU residential mixed use district, which accommodates primarily medium to high density residential mixed-use developments, with limited commercial, institution, office, and service uses compatible with the street environment and adjacent to residential areas. There is an expired tentative map for a formerly planned RiverLake Villas project, consisting of 51 detached condos ranging from approximately 1300 to 1600 SF, However, favorable zone changes would now allow development in excess of 100 multifamily condominium or apartment units, or a mixed-use project with retail facing the street or commercial space below with units above. Don't miss this opportunity in the exciting and growing community of Lake Elsinore!

Last Agent to Sell the Property

Cindy Lee

The Collective Realty License #02084411 Listed on: 04/08/2022

The Collective Realty

Co-Listed By

TIMOTHY TOBISH

The Collective Realty License #02057781

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,737

Lot Details

  • 4.95 Acre Lot
  • Lake Front
  • Property is zoned RMU

Property Views

  • Lake
  • Mountain

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 379-315-033

Property Details

Property Type

Land

Est. Annual Taxes

$16,737

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 4.9500
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountains, Lake
  • View: Yes

Utilities

  • Cable: No
  • Electric: In Street
  • Gas: In Street
  • Telephone: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 379-315-033
  • Lot Location: Flats, City
  • Lot Size Area: 215622
  • Site Decription: Flats, City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
May 5, 2024
Sold by
Chang Qiliang
Bought by
Rsi Development Lake Elsinore Llc
Seller's Agent
Cindy Lee
The Collective Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,890,000
Sold Price
$1,800,000
Premium/Discount to List
-$90,000
-4.76%
Views
150
Current Estimated Value
$1,820,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,894
Avg. Annual Appreciation
1.00%

Purchase Details

Closed on
Mar 28, 2024
Sold by
Liu Xiuling
Bought by
Chang Qiliang

Purchase Details

Closed on
Sep 16, 2019
Sold by
Smart Optics Meditech Llc A Ca Llc
Bought by
Chang Qiliang

Purchase Details

Closed on
Aug 14, 2014
Sold by
Riverlake Villas Partners Lp
Bought by
Smart Optics Meditech Llc

Purchase Details

Closed on
Feb 17, 2004
Sold by
Lee John
Bought by
Riverside Villas Partners Lp

Purchase Details

Closed on
Jan 18, 2000
Sold by
Leslie Gail
Bought by
Hubbard Roderick R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
7.87%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Rsi Development Lake Elsinore Llc $1,800,000 Stewart Title
Chang Qiliang -- Stewart Title
Chang Qiliang -- None Available
Smart Optics Meditech Llc $1,325,000 First American Title Company
Riverside Villas Partners Lp $1,250,000 Commonwealth Title
Hubbard Roderick R -- North American Title Co
Lee John $750,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee John $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2024 07/02/24 Sold $1,800,000 0.0% --
01/20/2023 01/20/23 Pending -- -- --
10/20/2022 10/20/22 Price Changed $1,799,999 -4.8% --
04/08/2022 04/08/22 For Sale $1,890,000 -- --
Source: The MLS

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 $16,737 $1,800,000 $1,800,000 --
2023 $16,737 $1,530,613 $1,530,613 $0
2022 $16,219 $1,500,601 $1,500,601 $0
2021 $15,914 $1,471,178 $1,471,178 $0
2020 $17,653 $1,456,093 $1,456,093 $0
2019 $15,462 $1,427,543 $1,427,543 $0
2018 $15,172 $1,399,552 $1,399,552 $0
2017 $14,888 $1,372,110 $1,372,110 $0
2016 $14,354 $1,345,206 $1,345,206 $0
2015 $14,253 $1,325,000 $1,325,000 $0
2014 $8,505 $765,000 $765,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Cindy Lee

    Seller's Agent in 2024

    Cindy Lee

    The Collective Realty

    (323) 657-4866

    1 in this area

    29 Total Sales

    Cindy Lee
    Section Image

  • T

    Seller Co-Listing Agent in 2024

    TIMOTHY TOBISH

    The Collective Realty

    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 22-145281

The MLS

APN: 379-315-033

California Riverside County Lake Elsinore 92530 Lake View District

32281 Riverside Dr, Lake Elsinore, CA

This home is located at 32281 Riverside Dr, Lake Elsinore, CA 92530 since 08 April 2022 and is currently estimated at $1,820,894. 32281 Riverside Dr is a home located in Riverside County with nearby schools including Withrow Elementary School, Terra Cotta Middle School, and Lakeside High School.

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