NOT LISTED FOR SALE

35601 Glen Oaks Rd Temecula, CA 92592

Estimated Value: $1,421,000 - $2,123,000

7 Beds
7 Baths
3,941 Sq Ft
$443/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $2,085,000 $529 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $10,335/month

19 Days on Market

Highlights

  • Detached Guest House
  • Barn
  • Private Pool
  • Vintage Hills Elementary School Rated A-
  • Horse Property
  • View of Trees or Woods

About This Home

As of May 2024

BACK ON THE MARKET-NO FAULT OF THE SELLER. This beautiful Temecula Wine Country property has been completely remodeled in 2021/22 with over $450,000 (see supplementals) in upgrades. Buyer can assume Seller's 1st mortgage at 2.49% (buyer must qualify to assume).It can be your wine country residence or an investment property! It has a approved CUP (see supplementals) as a Guest Ranch. Property is currently operated as a Guest Ranch/VRBO property generating over $170,000 in revenue in 2022 (see supplementals). Full of light this open floorplan concept home is the jewel of Wine Country. All new gourmet kitchen complete with granite counter tops, farm sink, and LARGE single solid granite slab island with gas stove. It has all new energy efficient windows, and a "speak easy" front door you must see! New beautiful light fixtures throughout, new commercial grade Paradigm Laminate flooring throughout. New subway tile bathroom showers, new vanities, and toilets. The home offers 2 detached casitas with en-suite bathrooms, and independent heating and cooling, and water heater. The main house has a new energy efficient tankless water heater. The home is perfect for entertaining with a large patio, and pool, and a 10 person above ground hot tub. It is ideally located on 1 of the 4 corners in the heart of Temecula Wine Country. The home has 7 bedrooms (6 bedrooms + a bonus room), 5 en-suite bathrooms, a full guest bathroom, and a powder room on the patio. There is even a mini hair salon station complete with professional hair washing sink on property. The 4 acre property has beautiful mature landscaped grounds to include four 25 yr old canary palms, and a 30 yr old olive tree. The saltwater pool is secured by rod iron fencing. The patio has a BBQ island and mini fridge. There is a gazebo, covered mini golf green and shuffle board court, and a 4 stall barn. It has ample parking for 9+ vehicles and RVs. Listing agent/broker is co-owner of property. Buyer to verify the accuracy of all information. Property is also listed under residential #SW24016385 With a FULL price offer buyer can assume Seller's 1st mortgage at 2.49% (buyer must qualify to assume).

Last Agent to Sell the Property

Katherine Bailey

Katherine Anne Bailey, Broker License #01954226 Listed on: 02/01/2024

Last Buyer's Agent

Brian MacGregor

Realty Masters & Associates License #02032086

Realty Masters & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,336

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 3.98 Acre Lot
  • No Common Walls
  • Rural Setting
  • Landscaped
  • Corner Lot
  • Sprinklers on Timer
  • Lawn

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,941 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Dining Room with Fireplace
  • Bonus Room
  • Utility Room
  • Laminate Flooring
  • Views of Woods
  • Home Security System

Kitchen

  • Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 15 Open Parking Spaces
  • 17 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Circular Driveway
  • Combination Of Materials Used In The Driveway
  • Paved Parking

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Horse Property
  • Exterior Lighting
  • Gazebo
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Propane
  • Tankless Water Heater
  • Conventional Septic
  • Cable TV Available

Additional Features

  • Detached Guest House
  • Barn

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 942060002

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Electric Expense $8,400
  • Fuel Expense $4,200
  • Gardener Expense $7,800
  • Insurance Expense $5,236
  • Pool Expense $1,800
  • Trash Expense $1,440
  • Water Sewer Expense $3,600
  • Operating Expense $50,280
  • Gross Income $172,000
  • Net Operating Income $121,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,336

Year Built

Built in 1976 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: washer, 2 dryers, refrigerator
  • Price Per Unit: 2085000
  • Property Attached: No
  • Security: Security System
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: C/V
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 7800.00
  • Parcel Number: 942060002
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Open Floorplan
  • Stories: 1
  • Entry Location: Glen Oaks Rd
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Dining Room, Primary Bedroom
  • Levels: One
  • Price Per Square Foot: 529.05
  • Room Type: All Bedrooms Down, Bonus Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Utility Room
  • Spa Features: Private

Exterior Features

  • Other Structures: Barn(s), Gazebo, Guest House Detached
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: Trees/Woods
  • Pool Expense: 1800.00
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport, Circular Driveway, Driveway - Combination, Paved, Oversized, Uncovered
  • Total Parking Spaces: 17.00
  • Uncovered Spaces: 15.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Other, Phone Connected, Propane, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Ice Maker, Microwave, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Conventional Septic
  • Trash Expense: 1440.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Horse Property, Landscaped, Lawn, Sprinklers Timer
  • Lot Size: 4 acres
  • Lot Size Sq Ft: 173369.00
  • Lot Size Acres: 3.9800
  • Latitude Manual: 33.55209600

Multi Family

  • Electric Expense: 8400.00
  • Fuel Expense: 4200.00
  • Gross Operating Income: 172000.00
  • Gross Scheduled Income: 172000.00
  • Insurance Expense: 5236.00
  • Lot Size Area: 173369.0000 Square Feet
  • Net Operating Income: 121720.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 50280.00
  • Rent Control: No
  • Total Expenses: 50280.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Jun 21, 2024
Sold by
Mahmood Mazhar
Bought by
J K Bailey & Associates Llc
Seller's Agent
Katherine Bailey
Katherine Anne Bailey, Broker
Buyer's Agent
Brian MacGregor
Realty Masters & Associates
List Price
$2,085,000
Sold Price
$2,085,000
Views
109
Current Estimated Value
$1,746,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$338,283
Avg. Annual Appreciation
-11.11%
Original Mortgage
$1,459,500
Outstanding Balance
$1,417,578
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$367,279

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 14, 2024
Sold by
J K Bailey & Associates Llc
Bought by
Mahmood Mazhar
Seller's Agent
Katherine Bailey
Katherine Anne Bailey, Broker
Buyer's Agent
Brian MacGregor
Realty Masters & Associates
List Price
$2,085,000
Sold Price
$2,085,000
Views
109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,459,500
Outstanding Balance
$1,417,578
Interest Rate
2%
Mortgage Type
New Conventional
Estimated Equity
$367,279

Purchase Details

Closed on
Sep 26, 2023
Sold by
Bailey James E and Bailey Katherine A
Bought by
J K Bailey & Associates Llc

Purchase Details

Closed on
Apr 16, 2021
Sold by
J K Bailey & Associates
Bought by
Bailey James E and Bailey Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
3.1%
Mortgage Type
VA

Purchase Details

Closed on
Apr 12, 2019
Sold by
Djk2 Llc
Bought by
J K Bailey & Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2015
Sold by
Bailey James E and Bailey Katherine A
Bought by
Djk2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2015
Sold by
Djk2 Llc
Bought by
Bailey James E and Bailey Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 11, 2011
Sold by
Oneil Kelly J and Penne Dorothy Debra
Bought by
Djk2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
4.09%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 24, 2009
Sold by
Bajoyo Shannon M
Bought by
Oneil Kelly J and Penne Dorothy Debra

Purchase Details

Closed on
Sep 26, 1997
Sold by
Second Rancho Trust
Bought by
Olson David
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
J K Bailey & Associates Llc -- None Listed On Document
Mahmood Mazhar $2,085,000 First American Title Insurance
J K Bailey & Associates Llc -- None Listed On Document
Bailey James E -- Wfg Title Company Of Ca
J K Bailey & Associates -- First American Title Company
Djk2 Llc -- None Available
Bailey James E -- Usa National Title
Djk2 Llc $378,500 Lawyers Title Company
Oneil Kelly J -- None Available
Olson David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahmood Mazhar $1,459,500
Previous Owner Bailey James E $890,000
Previous Owner J K Bailey & Associates $555,000
Previous Owner Djk2 Llc --
Previous Owner Bailey James E $490,000
Previous Owner Djk2 Llc $278,000
Previous Owner Djk2 Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $2,085,000 0.0% $529 / Sq Ft
05/31/2024 05/31/24 Sold $2,085,000 0.0% $529 / Sq Ft
03/19/2024 03/19/24 For Sale $2,085,000 0.0% $529 / Sq Ft
03/19/2024 03/19/24 For Sale $2,085,000 0.0% $529 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/21/2024 02/21/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $2,085,000 0.0% $529 / Sq Ft
02/01/2024 02/01/24 For Sale $2,085,000 -- $529 / 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 $13,336 $1,600,379 $480,115 $1,120,264
2024 $13,336 $609,541 $184,706 $424,835
2023 $7,001 $597,590 $181,085 $416,505
2022 $6,868 $585,874 $177,535 $408,339
2021 $6,738 $574,387 $174,054 $400,333
2020 $6,672 $568,499 $172,270 $396,229
2019 $6,576 $557,353 $168,893 $388,460
2018 $6,459 $546,426 $165,582 $380,844
2017 $6,349 $535,713 $162,336 $373,377
2016 $6,223 $525,209 $159,153 $366,056
2015 $6,115 $517,321 $156,763 $360,558
2014 -- $507,191 $153,694 $353,497
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24020976

California Regional Multiple Listing Service (CRMLS)

APN: 942-060-002