NOT LISTED FOR SALE

37400 Downey Rd Temecula, CA 92592

Estimated Value: $1,092,000 - $1,360,000

3 Beds
2.5 Baths
2,743 Sq Ft
$454/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $1,217,500 $444 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,847/month

2 Days on Market

Highlights

  • Mountain View
  • Main Floor Bedroom
  • Home Office
  • Crowne Hill Elementary School Rated A-
  • No HOA
  • Hiking Trails

About This Home

As of April 2023

Welcome to your dream home located in the heart of wine country, Temecula. This beautiful Adobe style estate is truly one of a kind and is conveniently located next to all of Temecula's top wineries. Originally designed and built by a local engineer in the early 1980s, this property has been lovingly cared for by the family until 2021, ensuring that its unique character and architectural significance have been preserved. Step inside this stunning estate, and you'll be greeted by a bright and airy interior, with newly painted walls and updated vinyl plank floors that add to the modern charm of the home. The major electrical modernization and new HVAC system (including new furnaces, condensers, and ducts with smart thermostats) provide comfort and efficiency, making this estate an ideal oasis for relaxing after a long day of wine tasting. One of the highlights of this estate is the recently built rooftop deck, which offers spectacular views of the surrounding countryside. Perfect for entertaining guests, the deck features a six-seat bar, a hot and cold water sink, a 36-inch Kitchenaid grill, and a built-in-counter ice chest. Back inside the home, the master bathroom has been updated with a remodeled shower and soaking tub, while the newly replaced toilets in the home provide both style and functionality. The updated kitchen features new appliances, including a dishwasher, stovetop, and fridge, making it a chef's dream. Outside, the landscaping has been meticulously maintained, and a new wood deck and stairs on the back of the home provide easy access to the yard. The garage has also been updated with paint texture and LED lights, adding to the overall curb appeal of the home. The estate also features a second pad with 3,000 square feet of sod and a dirt driveway leading up to it, perfect for an additional building or recreational space. The property boasts a 30-tree olive grove, complete with a walkway down to a tree swing, as well as a cactus garden outside the lower sunroom, which features a beautiful terracotta tile floor. A home inspection has been completed, and most items on the report have already been repaired. This estate is truly one of a kind, offering a unique combination of history, charm, and modern amenities. Don't miss the opportunity to see this incredible property in person and experience the magic of wine country living at its finest.

Last Agent to Sell the Property

Jake Fioresi

Abundance Real Estate License #02119783 Listed on: 03/23/2023

Co-Listed By

Nicholas Anselmo

Abundance Real Estate License #02097746

Last Buyer's Agent

Lisa Mullen

California Group Real Estate License #00969358

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • 2.93 Acre Lot
  • Density is 2-5 Units/Acre
  • Property is zoned A-1-10

Parking

  • 3 Car Attached Garage

Property Views

  • Mountain
  • Neighborhood
  • Rock

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,743 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Entryway
  • Family Room
  • Living Room
  • Home Office
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Schools

  • Great Oak High School

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tax Lot E
  • Tax Tract Number 433
  • Assessor Parcel Number 924280017
  • $255 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community

Recreation

  • Horse Trails
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: A-1-10
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 924280017
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2743.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 443.86
  • Room Type: Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Office

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Horse Trails, Mountainous

Schools

  • High School: Great Oak
  • High School2: GREOAK2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 127631.00
  • Lot Size Acres: 2.9300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 127631.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 432.92
  • Tax Lot: E
  • Tax Tract Number: 432.92
  • TaxOtherAnnualAssessmentAmount: 255.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Mar 30, 2023
Sold by
Adobelicious Experiences Llc
Bought by
Michael P Mullen And Lisa P Mullen Revocable
Seller's Agent
Jake Fioresi
Abundance Real Estate
Buyer's Agent
Lisa Mullen
California Group Real Estate
List Price
$1,299,900
Sold Price
$1,217,500
Premium/Discount to List
-$82,400
-6.34%
Views
65
Current Estimated Value
$1,245,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,269
Avg. Annual Appreciation
0.85%
Original Mortgage
$250,000
Outstanding Balance
$242,338
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$1,003,431

Purchase Details

Closed on
Apr 2, 2022
Sold by
Hall Dillon
Bought by
Adobelicious Experiences Llc

Purchase Details

Listed on
Jun 23, 2021
Closed on
Jul 30, 2021
Sold by
Bull David and Norma Jean Melill Living Trust
Bought by
Hall Dillon E
Seller's Agent
Jim Holbrook
Performance Estates & Homes
Buyer's Agent
Dillon Hall
Abundance Real Estate
List Price
$910,000
Sold Price
$925,000
Premium/Discount to List
$15,000
1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$832,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2011
Sold by
Melill Norma Jean
Bought by
Melill Norma Jean
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

Date Buyer Sale Price Title Company
Michael P Mullen And Lisa P Mullen Revocable $1,217,500 None Listed On Document
Adobelicious Experiences Llc -- None Listed On Document
Hall Dillon E $925,000 Ticor Title
Melill Norma Jean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael P Mullen And Lisa P Mullen Revocable $250,000
Previous Owner Hall Dillon E $832,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2023 04/14/23 Sold $1,217,500 -6.3% $444 / Sq Ft
03/26/2023 03/26/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,299,900 +40.5% $474 / Sq Ft
08/22/2021 08/22/21 Sold $925,000 0.0% $337 / Sq Ft View Prior Sale
07/28/2021 07/28/21 Price Changed $925,000 +8.8% $337 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/16/2021 07/16/21 Price Changed $849,900 -6.6% $310 / Sq Ft
07/14/2021 07/14/21 For Sale $910,000 0.0% $332 / Sq Ft
07/04/2021 07/04/21 Price Changed $910,000 +7.1% $332 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $849,900 -- $310 / 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 $4,066 $382,078 $86,299 $295,779
2023 $4,066 $1,091,400 $280,500 $810,900
2022 $9,880 $925,000 $75,000 $850,000
2021 $4,718 $432,057 $88,234 $343,823
2020 $4,669 $427,628 $87,330 $340,298
2019 $4,599 $419,244 $85,618 $333,626
2018 $4,513 $411,025 $83,940 $327,085
2017 $4,433 $402,967 $82,295 $320,672
2016 $4,340 $395,067 $80,682 $314,385
2015 $4,261 $389,134 $79,471 $309,663
2014 $4,135 $381,514 $77,915 $303,599
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23042224

California Regional Multiple Listing Service (CRMLS)

APN: 924-280-017