NOT LISTED FOR SALE
8 Acres
-- Price per Acre
332,363 Sq Ft Lot

Last Sold September 26, 2022

Last sale price $3,400,000

16 Days on Market

Highlights

  • Lake View
  • Community Lake
  • No HOA
  • 7.63 Acre Lot
  • Corner Lot

About This Lot

As of September 2022

Rare Opportunity to Develop 2 parcels totaling approximately 7.63 Acres of Prime INDUSTRIAL REAL ESTATE in Southern California under $10 psf! This is an Excellent location with easy access to 15 Freeway and located right at the corner Bundy Canyon Rd and Mission Trail. This property is zoned MANUFACTURING - SERVICE COMMERCIAL (M-SC) and allows for a myriad of Industrial and Manufacturing uses such as: WAREHOUSING & DISTRIBUTION, Contractor Storage Yard, Vehicle Repair, Carwash/Truckwash, Truck Sales/Rental and many more!. Some operations allowed with a Conditional Use Permit (CUP) include: Recycling, Cannabis Businesses, and TRUCKING OPERATIONS. Please refer to the supplements for the Allowed Uses list from the city website and confirm all uses with the city of Wildomar, CA. All utilities are accessible nearby on the street. AMAZON currently in the works of developing approximately +/- 1,255,000 SF Distribution Center on 300 acres just around the corner. Great opportunity to Invest in the Path of Progress. Buyer and Buyer's gent to conduct all investigations to satisfy themselves.

Last Agent to Sell the Property

Bobby Mendez

Re/Max Time Realty License #01971883 Listed on: 03/14/2022

Re/Max Time Realty

Last Buyer's Agent

Bobby Mendez

Re/Max Time Realty License #01971883 Listed on: 03/14/2022

Re/Max Time Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,545

Lot Details

  • 7.63 Acre Lot
  • Chain Link Fence
  • Corner Lot
  • 370060048
  • Property is zoned M-SC, Manufacturing Service Commercial

Property Views

  • Lake
  • Mountain
  • Neighborhood

Utilities

  • Standard Electricity

Community Details

  • No Home Owners Association
  • Community Lake

Listing and Financial Details

  • Tax Lot 122
  • Tax Tract Number 1
  • Assessor Parcel Number 370090039
  • $137 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$21,545

Lot Details

0

Listing Details

  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: M-SC
  • Zoning Description: Manufacturing Service Commercial
  • Property Type: Land
  • Parcel Number: 370090039
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 10.23

Exterior Features

  • View: Lake, Mountain(s), Neighborhood
  • Fencing: Chain Link

Utilities

  • Utilities: Water Available
  • Electric: Standard
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Lake

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 370060048
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 332362.80
  • Lot Size Acres: 7.6300
  • Latitude Manual: 33.63064800

Multi Family

  • Lot Size Area: 7.6300 Acres

Tax Info

  • Tax Census Tract: 464.03
  • Tax Lot: 122
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 137.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Sep 22, 2022
Sold by
Dewan Retirement Trust
Bought by
Oc Capital Partners Llc
Seller's Agent
Bobby Mendez
Re/Max Time Realty
Buyer's Agent
Bobby Mendez
Re/Max Time Realty
List Price
$3,000,000
Sold Price
$3,400,000
Premium/Discount to List
$400,000
13.33%
Views
1

Purchase Details

Closed on
Aug 1, 2006
Sold by
Dhanoa Gagandeep Kaur
Bought by
Dhanoa Bharpur Singh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 31, 2006
Sold by
Muadi Riyad and Muadi Olga Maria
Bought by
Whitestone Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 22, 2005
Sold by
Ascoli Hanna Gabriela Muadi
Bought by
Muadi Riyad and Muadi Olga Maria

Purchase Details

Closed on
Sep 11, 1999
Sold by
Muadi Isam and Demuadi Hanna Senta Ascoli Schilling
Bought by
Muadi Isam and Ascoli Hanna Gabriela Muadi
Source: Public Records

Range of Values:

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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
Oc Capital Partners Llc $3,400,000 First American Title
Dhanoa Bharpur Singh -- Alliance Title
Makam Ravi P -- Alliance Title
Makam Rohith -- Alliance Title
Whitestone Properties Inc $2,000,000 Alliance Title
Muadi Riyad -- Alliance Title
Muadi Isam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitestone Properties Inc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $3,400,000 +13.3% --
03/30/2022 03/30/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $3,000,000 -- --
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
2023 $21,545 $2,000,000 $2,000,000 $0
2022 $9,463 $900,466 $900,466 $0
2021 $8,041 $763,106 $763,106 $0
2020 $7,664 $726,768 $726,768 $0
2019 $7,445 $705,600 $705,600 $0
2018 $7,445 $705,600 $705,600 $0
2017 $7,445 $705,600 $705,600 $0
2016 $7,311 $705,600 $705,600 $0
2015 $6,975 $672,000 $672,000 $0
2014 $6,561 $640,000 $640,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG22048317

California Regional Multiple Listing Service (CRMLS)

APN: 370-090-039