NOT LISTED FOR SALE

Estimated Value: $71,381 - $364,000

0.18 Acre
$1,215,472 Price per Acre
7,800 Sq Ft Lot

Last Sold November 15, 2019

Last sale price $45,000

Est. 384% increase in value since last sale

Current estimated payment $1,228/month

232 Days on Market

Highlights

  • Back Bay Views
  • No HOA
  • Rectangular Lot
  • Property is near a park
  • Cul-De-Sac

About This Lot

As of November 2019

Large 50' frontage on this 7,800 sq ft vacant, fenced lot on paved Elm Street directly off Lakeshore Drive, in Lake Elsinore. Located in the East Lake Specific Plan and zoned Mixed Use allows wide variety of uses. Some permitted uses include Single Family Residence, Units, Condos, Duplex, triplex, four-plex, commercial, community center, home occupation, residential care facility, retail, etc. Excellent investment opportunity for owner builders/contractors. Good addition to a portfolio for your families future plans! Manufactured homes allowed for ease of construction. Flat lot in a great family oriented area. Walk to the beautiful natural nature and view the gorgeous lake. Lake Elsinore is the only lake in Southern California also that is a natural magnificent lake that is used for many events. Skydiving above and speedboats and fishing on the lake and also fish and play on the many picnic area surrounding. Family entertainment with all the lake activities available. Minutes to shopping, services, parks, schools and restaurants and the I-15 for easy access.
Must SEE!

Last Agent to Sell the Property

Shawn Smithson

RE/MAX One License #01706033 Listed on: 03/27/2019

RE/MAX One

Last Buyer's Agent

Gabriela Ruiz

Excellence RE Real Estate License #00842783

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $533

Lot Details

  • 7,800 Sq Ft Lot
  • Lot Dimensions are 50 x 156
  • Cul-De-Sac
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • The property's topography is flat
  • Density is up to 1 Unit/Acre
  • Value in Land
  • Property is zoned Mixed Use

Property Views

  • Back Bay
  • Lake
  • Hills
  • Neighborhood

Location

  • Property is near a park

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 373221050

Community Details

Overview

  • No Home Owners Association

Recreation

  • Rain Gutters

Property Details

Property Type

Land

Est. Annual Taxes

$533

Lot Details

0

Listing Details

  • Current Use: Unimproved
  • Current Use Comments: Raw land, Unimproved
  • Improvements: Utilities in paved Cul-de-sac Street. Flat 50'frontage parcel & corners marked. Neighborhood established.
  • Ingress Egress: Elm
  • Possible Use: Residential
  • Possible Use Comments: Custom residential home
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Survey: Corners Marked
  • View: Yes
  • Zoning: Mixed Use
  • Property Type: Land
  • Parcel Number: 373221050
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 5.77

Exterior Features

  • Soil Type: unknown
  • View: Back Bay, Hills, Lake, Neighborhood, Water

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Electric: Standard
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Topography: flat
  • Additional Parcels: No
  • Current Geological: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corners Marked, Cul-De-Sac, Lot 6500-9999, Rectangular Lot, Level, Park Nearby, Paved, Value In Land
  • Lot Size: 50 X 156
  • Lot Size Sq Ft: 7800.00
  • Usable Land Percent: 100
  • Lot Size Acres: 0.1791
  • Latitude Manual: 33.65739700

Multi Family

  • Lot Size Area: 7800.0000 Square Feet

Tax Info

  • Tax Census Tract: 430.01
  • Tax Lot: 27
  • Tax Tract: Plain View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2022
Sold by
Degomez Celia Chavez Vda
Bought by
Gomez Celia Chavez Living Trust
Current Estimated Value
$217,691

Purchase Details

Listed on
Mar 27, 2019
Closed on
Nov 5, 2019
Sold by
Hernandez Juan Jose Rivera and Rivera Silvia D
Bought by
Degomez Celia Chavez Vda
Seller's Agent
Shawn Smithson
RE/MAX One
Buyer's Agent
Gabriela Ruiz
Excellence RE Real Estate
List Price
$59,000
Sold Price
$45,000
Premium/Discount to List
-$14,000
-23.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.36%

Purchase Details

Closed on
Aug 30, 2017
Sold by
Silva Gilberto A and Silva Johnnie Ann B
Bought by
Hernandez Juan Jose Rivera and Rivera Silvia D

Purchase Details

Closed on
Jun 25, 2001
Sold by
Stafford Edith M
Bought by
Silva Gilberto A and Silva Johnnie Ann B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.14%
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
Gomez Celia Chavez Living Trust -- --
Degomez Celia Chavez Vda $45,000 First American Title
Hernandez Juan Jose Rivera $31,000 Chicago Title Company
Silva Gilberto A $5,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Degomez Celia Chavez Vda $70,000
Previous Owner Silva Gilberto A $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $45,000 -8.2% --
11/01/2019 11/01/19 Pending -- -- --
10/14/2019 10/14/19 Price Changed $49,000 -16.9% --
03/14/2019 03/14/19 For Sale $59,000 -- --
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 $533 $49,212 $49,212 --
2023 $533 $47,302 $47,302 $0
2022 $517 $46,375 $46,375 $0
2021 $507 $45,466 $45,466 $0
2020 $502 $45,000 $45,000 $0
2019 $364 $31,620 $31,620 $0
2018 $357 $31,000 $31,000 $0
2017 $103 $6,482 $6,482 $0
2016 $101 $6,355 $6,355 $0
2015 $100 $6,260 $6,260 $0
2014 $98 $6,139 $6,139 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG19058676

California Regional Multiple Listing Service (CRMLS)

APN: 373-221-050