NOT LISTED FOR SALE

40897 Newton Ave Temecula, CA 92591

Estimated Value: $1,049,038 - $1,486,000

3 Beds
2 Baths
1,794 Sq Ft
$682/Sq Ft Est. Value

Last Sold October 17, 2016

Last sale price $645,000 $360 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $7,167/month

36 Days on Market

Highlights

  • Horse Property
  • Horse Property Unimproved
  • View of Hills
  • Vintage Hills Elementary School Rated A-
  • RV Garage
  • Wood Flooring

About This Home

As of October 2016

This is your opportunity to own a piece of Wine Country in Temecula. Offered is a rare 3 bed/2 bath single story home on 2.38 fully fenced acres with fruit bearing citrus trees. Huge family room adjacent to the kitchen (with large pantry) makes this the perfect place to entertain your guests. This home will be perfect for the car enthusiast or for the RVer. There is an oversized attached garage plus two detached garages/shops. The main detached garage/shop is approximately 2,100 sq ft with 12 x 14 drive-thru access (Perfect for an RV or large trailer) and is equipped with a 4-post lift. The secondary shop is just under 1,000 sq ft (24x40). All of this plus paved road access with RV hook-ups. Enjoy sitting under one of your shade patio covers, sipping on your favorite Cabernet while looking at your picturesque surroundings. It's hard to believe that you're just minutes from the "city" when you're on this property. Don't miss out, schedule your private showing today.

Last Agent to Sell the Property

Ryan Smith

Better Realty Group License #01334440 Listed on: 07/27/2016

Last Buyer's Agent

Ryan Smith

Better Realty Group License #01334440 Listed on: 07/27/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,991

Year Built

  • Built in 1989

Lot Details

  • 2.38 Acre Lot
  • Rural Setting
  • Chain Link Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Lawn
  • Back and Front Yard

Parking

  • 10 Car Direct Access Garage
  • Parking Available
  • Workshop in Garage
  • Driveway
  • RV Garage

Property Views

  • Hills
  • Meadow
  • Valley

Interior Spaces

  • 1,794 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Horse Property
  • Patio
  • Separate Outdoor Workshop
  • Outbuilding
  • Front Porch

Horse Facilities and Amenities

  • Horse Property Unimproved

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • 220 Volts in Workshop
  • Propane
  • Conventional Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 43247
  • Assessor Parcel Number 943250016

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,991

Year Built

Built in 1989

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 943250016
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1794.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Family Kitchen, Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 359.53
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Other Structures: Outbuilding, Workshop
  • View: Hills, Meadow, Valley
  • Fence: Yes
  • Fencing: Chain Link
  • Patio And Porch Features: Concrete, Porch, Front Porch, Rear Porch, Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Covered, Concrete, Driveway, Direct Garage Access, Garage, Oversized, RV Garage, RV Access/Parking, RV Covered, RV Hook-Ups, Workshop in Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Propane, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage, 220 Volts in Workshop, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Temecula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Horse Property, Horse Property Unimproved, Lawn, Landscaped, Lot Over 40000 Sqft, Paved, Sprinkler System
  • Lot Size Sq Ft: 103673.00
  • Price Per Lot Square Foot: 6.75

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 043247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2016
Closed on
Sep 13, 2016
Sold by
Connelly John E and Connelly Margaret A
Bought by
Barrett Dennis and Seki Shiho
Seller's Agent
Ryan Smith
Better Realty Group
Buyer's Agent
Ryan Smith
Better Realty Group
List Price
$699,999
Sold Price
$645,000
Premium/Discount to List
-$54,999
-7.86%
Current Estimated Value
$1,223,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,760
Avg. Annual Appreciation
7.38%
Original Mortgage
$417,000
Outstanding Balance
$333,404
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$890,356

Purchase Details

Closed on
Jan 12, 1998
Sold by
Rea Jerry A and Rea Betty L
Bought by
Connelly John E and Connelly Margaret A
Source: Public Records

Range of Values:

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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
Barrett Dennis $645,000 First American Title Company
Connelly John E $125,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett Dennis $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2016 10/17/16 Sold $645,000 -7.9% $360 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $699,999 -- $390 / 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 $8,991 $800,798 $232,114 $568,684
2023 $8,991 $769,703 $223,101 $546,602
2022 $8,739 $754,612 $218,727 $535,885
2021 $8,500 $739,817 $214,439 $525,378
2020 $8,414 $732,232 $212,241 $519,991
2019 $8,291 $717,876 $208,080 $509,796
2018 $8,140 $703,800 $204,000 $499,800
2017 $7,600 $645,000 $200,000 $445,000
2016 $3,047 $251,233 $60,683 $190,550
2015 $2,996 $247,461 $59,772 $187,689
2014 $2,914 $242,615 $58,602 $184,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16164868

California Regional Multiple Listing Service (CRMLS)

APN: 943-250-016