NOT LISTED FOR SALE

38941 Cherry Valley Blvd Cherry Valley, CA 92223

Estimated Value: $354,000 - $491,000

2 Beds
2 Baths
1,134 Sq Ft
$371/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $185,000 $163 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $2,413/month

2 Days on Market

Highlights

  • 19,602 Sq Ft lot
  • Brookside Elementary School Rated 9+
  • Level Lot

About This Home

As of October 2016

Two on a lot commercial property. 2 bedroom + loft 1 bathroom plus a separate studio. Great opportunity. Includes two parcels, 38,768 Sq. Ft total. Needs TLC but priced to sell fast! Perfect for small business! Tax rolls do not match what is at the property. Tax rolls say 1134 Sq. Ft. but estimated Sq. Ft. is 1600 Sq. Ft. (buyer to verify) Property being sold "AS IS" without warranty expressed or implied. Cash offers only! Buyer to satisfy self with regards to property condition & verify information! ... etc!Shown by appointment only

Last Agent to Sell the Property

SUSAN ROSENBLUM

CENTURY 21 LOIS LAUER REALTY License #00913888 Listed on: 10/04/2016

CENTURY 21 LOIS LAUER REALTY

Last Buyer's Agent

Michael Layton

PS Agent License #01342880

PS Agent

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,381

Year Built

  • Built in 1959

Lot Details

  • 0.45 Acre Lot
  • No Common Walls
  • Level Lot
  • 405210015

Parking

  • 2 Parking Spaces

Home Design

  • 1,134 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location
  • Suburban Location

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 438
  • Assessor Parcel Number 405210012

Community Details

Overview

  • 2 Buildings

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • New Taxes Expense $2,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,381

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: C-1/C-P
  • Property Type: Residential Income
  • Parcel Number: 405210012
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 163.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban, Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 405210015
  • Lot Features: Lot 20000-39999 Sqft, Level
  • Lot Size Sq Ft: 19602.00

Tax Info

  • New Taxes Expense: 2980.00
  • Tax Census Tract: 438.11
  • Tax Lot: 12
  • Tax Tract Number: 0438

Multi Family

  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Rent Control: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2016
Closed on
Oct 20, 2016
Sold by
Murat Susan
Bought by
Borthwick Watson David Todd and Borthwick Kathryn Joyce
Seller's Agent
SUSAN ROSENBLUM
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Michael Layton
PS Agent
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Current Estimated Value
$421,152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,152
Avg. Annual Appreciation
9.55%
Original Mortgage
$164,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2009
Sold by
Hatzidakis George
Bought by
Murat Susan and The Susan Murat Trust

Purchase Details

Closed on
Dec 29, 2005
Sold by
Burris Robert F and Burris Sally M
Bought by
Hatzidakis George

Purchase Details

Closed on
May 16, 2003
Sold by
Shu Tze Chen and Hsu Tzu Ching
Bought by
Burris Robert F and Burris Sally M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2002
Sold by
Shu Alice
Bought by
Shu Tze Chen
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
Borthwick Watson David Todd $150,000 Fidelity National Title
Murat Susan -- Fidelity National Title Co
Hatzidakis George $950,000 Commonwealth Land Title Co
Burris Robert F $203,000 Chicago
Shu Tze Chen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Borthwick Watson David Todd $164,000
Previous Owner Burris Robert F $162,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2016 10/28/16 Sold $185,000 -7.5% $163 / Sq Ft
10/07/2016 10/07/16 For Sale $199,900 0.0% $176 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
10/04/2016 10/04/16 For Sale $199,900 -- $176 / 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 $2,381 $182,202 $67,309 $114,893
2023 $2,381 $175,130 $64,697 $110,433
2022 $2,345 $171,697 $63,429 $108,268
2021 $2,301 $168,332 $62,186 $106,146
2020 $2,276 $166,607 $61,549 $105,058
2019 $2,241 $163,342 $60,343 $102,999
2018 $2,232 $160,140 $59,160 $100,980
2017 $2,197 $157,000 $58,000 $99,000
2016 $2,565 $185,362 $73,054 $112,308
2015 $2,522 $182,579 $71,957 $110,622
2014 $2,524 $179,005 $70,549 $108,456
Source: Public Records

Agents Affiliated with this Home

  • SUSAN ROSENBLUM

    Seller's Agent in 2016

    SUSAN ROSENBLUM

    CENTURY 21 LOIS LAUER REALTY

    (909) 214-5371

    1 in this area

    28 Total Sales

    SUSAN ROSENBLUM
    Section Image
  • Michael Layton

    Buyer's Agent in 2016

    Michael Layton

    PS Agent

    (760) 408-5300

    1 in this area

    72 Total Sales

    Michael Layton
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV16718301

California Regional Multiple Listing Service (CRMLS)

APN: 405-210-015

California Riverside County Cherry Valley 92223

38941 Cherry Valley Blvd, Cherry Valley, CA

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