NOT LISTED FOR SALE

Estimated Value: $1,248,000 - $3,429,000

0.16 Acre
$16,820,608 Price per Acre
6,954 Sq Ft Lot

Last Sold December 23, 2022

Last sale price $960,000 $1,317 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $15,776/month

14 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Back and Front Yard

About This Lot

As of December 2022

Awesome lot to build in the Toluca Terrace! Great location just North of Magnolia! This is a rare find! Zoned for 4 units! With SB8 and SB10 you could be able to build 6-10 units! Check with the city. This 2 bedroom, 1 bathroom house is being sold for land value.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 07/22/2022

Last Buyer's Agent

Danny Navarro

Century 21 Allstars License #01938421

Century 21 Allstars

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,777

Lot Details

  • 6,954 Sq Ft Lot
  • Back and Front Yard
  • Property is zoned LARD1.5

Property Views

  • Mountain Views

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 1230
  • Assessor Parcel Number 2417005008
  • $184 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$13,777

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: LARD1.5
  • Property Type: Land
  • Parcel Number: 2417005008
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 138.05

Exterior Features

  • View: Mountain(s)

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6954.00
  • Lot Size Acres: 0.1596

Multi Family

  • Lot Size Area: 6954.0000 Square Feet

Tax Info

  • Tax Census Tract: 1253.10
  • Tax Lot: 57
  • Tax Tract Number: 1230
  • TaxOtherAnnualAssessmentAmount: 184.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Jan 11, 2023
Sold by
S Star Discount Homes Llc
Bought by
Gi Property 64 Llc
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Danny Navarro
Century 21 Allstars
List Price
$975,579
Sold Price
$960,000
Premium/Discount to List
-$15,579
-1.6%
Views
20
Current Estimated Value
$2,684,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,724,569
Avg. Annual Appreciation
48.07%
Original Mortgage
$800,000
Interest Rate
6.33%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 9, 2022
Sold by
Fern Richard
Bought by
5 Star Discount Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1995
Sold by
Fern Raymond William
Bought by
Fern Richard
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
Gi Property 64 Llc $1,110,000 None Listed On Document
5 Star Discount Homes Llc $960,000 Fidelity National Title
Fern Richard $78,454 --
Fern Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gi Property 64 Llc $800,000
Previous Owner 5 Star Discount Homes Llc $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2022 12/23/22 Sold $960,000 -1.6% $1,317 / Sq Ft
07/22/2022 07/22/22 For Sale $975,579 -- $1,338 / 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 $13,777 $1,154,843 $923,875 $230,968
2024 $13,777 $1,132,200 $905,760 $226,440
2023 $754 $46,623 $31,072 $15,551
2022 $722 $45,710 $30,463 $15,247
2021 $711 $44,815 $29,866 $14,949
2019 $692 $43,487 $28,981 $14,506
2018 $645 $42,635 $28,413 $14,222
2016 $609 $40,981 $27,310 $13,671
2015 $601 $40,366 $26,900 $13,466
2014 $614 $39,577 $26,374 $13,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22157435

California Regional Multiple Listing Service (CRMLS)

APN: 2417-005-008