NOT LISTED FOR SALE

Estimated Value: $2,496,000 - $3,224,000

1.58 Acres
$1,748,605 Price per Acre
68,912 Sq Ft Lot

Last Sold March 31, 2014

Last sale price $390,000

Est. 609% increase in value since last sale

Current estimated payment $16,538/month

3 Days on Market

Highlights

  • 1.58 Acre Lot
  • Views
  • Many Trees
  • William Brooks Elementary School Rated A-
  • Partially Fenced Property

About This Lot

As of March 2014

Extraordinary opportunity to build your beautiful dream home on an outstanding cul-de-sac lot, located in the prestigious gated community of Kalithea @ The Promontory. This stunning 1.58 acre parcel sits at the top-of-the-hill and features sweeping panoramic views of Folsom Lake and Sacramento Valley. Its gentle sloping terrain extends to the street below. Priced to sell, this offering also includes topo map, grading plan, transferable county grading permit, and paid water meter. See today!

Last Agent to Sell the Property

Melodye Cosley

Vallee Properties License #00688445 Listed on: 02/25/2014

Last Buyer's Agent

Cheryl States

States Realty License #01823186

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,434

Lot Details

  • 1.58 Acre Lot
  • Partially Fenced Property
  • Many Trees
  • Possible uses of the property include Single Family
  • Property is zoned R1

HOA Fees

  • $77 Monthly HOA Fees

Additional Features

  • Property Views

Community Details

  • Kalithea @ The Promontory Subdivision

Listing and Financial Details

  • Assessor Parcel Number 124-063-06-10

Property Details

Property Type

Land

Est. Annual Taxes

$23,434

Lot Details

0

HOA Fees

$77 per month

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Lot
  • Primary Residence: None
  • Subdivision: Kalithea @ The Promontory
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available,Tree Ordinance
  • Fencing: Partial
  • Listing Price: 399000.00
  • Lot Features: Cul-De-Sac,Curb(s),Gutter(s),Sidewalk(s)
  • Road Surface Type: Paved
  • View Description: Special
  • Additional Living Units: No

Utilities

  • Utilities: Cable Available,Underground Utilities
  • Water Source: Meter on Site,Public

Condo/Co-op/Association

  • Association Fee: 77
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Senior High School District: El Dorado Union High

Lot Info

  • Zoning: R1
  • Crops: None
  • Current Use: Vacant
  • Development Status: Final Map Filed,Improvement Plans Available
  • Number of Lots: 1
  • Zoning Description: Residential
  • Irrigation: Public District
  • Lot Size Acres: 1.5820
  • Lot Size Sq Ft: 68912
  • Possible Use: Single Family

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 124-063-06-10
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): El Dorado

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2014
Closed on
Apr 4, 2014
Sold by
Soliman Hisham
Bought by
Soliman Hisham
Seller's Agent
Melodye Cosley
Vallee Properties
Buyer's Agent
Cheryl States
States Realty
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%
Current Estimated Value
$2,766,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,376,293
Avg. Annual Appreciation
18.43%
Original Mortgage
$292,500
Outstanding Balance
$217,682
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,548,611

Purchase Details

Listed on
Feb 25, 2014
Closed on
Mar 27, 2014
Sold by
Soliman Abeer
Bought by
Soliman Hisham
Seller's Agent
Melodye Cosley
Vallee Properties
Buyer's Agent
Cheryl States
States Realty
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Outstanding Balance
$217,682
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,548,611

Purchase Details

Listed on
Feb 25, 2014
Closed on
Mar 17, 2014
Sold by
Cosley John V and Cosley Melodye L
Bought by
Soliman Hisham
Seller's Agent
Melodye Cosley
Vallee Properties
Buyer's Agent
Cheryl States
States Realty
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Outstanding Balance
$217,682
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,548,611

Purchase Details

Listed on
Jul 16, 2012
Closed on
Feb 21, 2013
Sold by
Glanum Investment Llc
Bought by
Cosley John V and Cosley Melodye L
Seller's Agent
Patricia Seide
Coldwell Banker Realty
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$390,000
Sold Price
$330,000
Premium/Discount to List
-$60,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.56%

Purchase Details

Closed on
Jul 16, 2008
Sold by
Hasse Bradford J and Hasse Chantal M
Bought by
Glanum Investment Llc

Purchase Details

Closed on
Nov 12, 2002
Sold by
Hasse Bradford J and Hasse Chantal M
Bought by
Hasse Bradford J and Hasse Chantal M

Purchase Details

Closed on
Oct 21, 2002
Sold by
Rubenstein Laurence
Bought by
Hasse Bradford J and Hasse Chantal M

Purchase Details

Closed on
Oct 18, 2000
Sold by
Akt Development Corp
Bought by
Rubenstein Laurence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.9%
Mortgage Type
Seller Take Back
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
Soliman Hisham -- None Available
Soliman Hisham -- Fidelity National Title Co
Soliman Hisham $390,000 Fidelity National Title Co
Cosley John V $330,000 Orange Coast Title Company
Glanum Investment Llc -- None Available
Hasse Bradford J -- None Available
Hasse Bradford J -- --
Hasse Bradford J $525,000 Financial Title Co
Rubenstein Laurence $400,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soliman Hisham $292,500
Previous Owner Rubenstein Laurence $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2014 03/31/14 Sold $390,000 -2.3% --
02/27/2014 02/27/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $399,000 +20.9% --
02/27/2013 02/27/13 Sold $330,000 -15.4% -- View Prior Sale
02/05/2013 02/05/13 Pending -- -- --
07/12/2012 07/12/12 For Sale $390,000 -- --
Source: MetroList

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 $23,434 $2,262,909 $478,081 $1,784,828
2024 $23,434 $2,218,539 $468,707 $1,749,832
2023 $22,862 $2,175,039 $459,517 $1,715,522
2022 $22,545 $2,132,392 $450,507 $1,681,885
2021 $22,580 $2,090,581 $441,674 $1,648,907
2020 $22,275 $2,069,146 $437,146 $1,632,000
2019 $6,491 $571,375 $428,575 $142,800
2018 $6,118 $560,172 $420,172 $140,000
2017 $4,687 $411,934 $411,934 $0
2016 $4,627 $403,857 $403,857 $0
2015 $3,878 $397,792 $397,792 $0
2014 $3,878 $331,498 $331,498 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 14010823

MetroList

APN: 124-063-006-000