NOT LISTED FOR SALE

531 University Place Unit 2 Redlands, CA 92374

South Redlands Neighborhood

Estimated Value: $542,000 - $647,000

2 Beds
1 Bath
750 Sq Ft
$801/Sq Ft Est. Value

Highlights

  • View of Trees or Woods
  • No HOA
  • Tankless Water Heater
  • Redlands Senior High School Rated A
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of August 2023

WOW ~ a very rare opportunity to enjoy an enchanting newer construction (2022) cottage conveniently located in the heart of Southside Redlands! This newly constructed ADU features 2 bedrooms and 1 full bathroom that are bursting with sophistication and charm. Combining all of the current modern elements with streamlined functionality makes this open concept cottage a dream home for anyone looking for that historic "Southside" Redlands vibe + excellent walkability to local parks, schools, universities and our vibrant downtown district. This home includes its own private entrance from the main gate and a private gated yard that is perfectly sized for relaxing and entertaining ~ as well as for pets. Inside this adorable cottage you'll be welcomed by an abundance of light, wide plank flooring that is present throughout the entire main living space and bedrooms (no carpeting) and pleasing neutral tones to create a cohesive color palette. A gorgeous kitchen with plenty of storage & workspace flows seamlessly from the main living area ~ creating a cozy space that you'll never want to leave! Both bedrooms feature ample closets and are located on opposing sides of the main bathroom ... which is absolutely stunning! This home also includes all main kitchen appliances, as well as a stackable washer/dryer + a tankless water heater. So whether you're looking for newer construction or a home in that "it" location ... 531-2 University Place is sure to deliver all you've been searching for and is commuter friendly, in addition to being located in close proximity to the University of Redlands, ESRI and all of that "SOUTHSIDE" Redlands magic that you'll be sure to experience. **Available tentatively 8/1/23 -- please do not disturb the current tenants & viewings will only be allowed during the scheduled Open Houses.

Last Agent to Rent the Property

Chris Crow

Tower Agency License #02071672 Listed on: 06/29/2023

Tower Agency

Last Renter's Agent

Chris Crow

Tower Agency License #02071672 Listed on: 06/29/2023

Tower Agency

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022

Lot Details

  • 1,200 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 750 Sq Ft Home
  • 1-Story Property
  • Views of Woods

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $2,295
  • 12-Month Minimum Lease Term
  • Available 8/1/23
  • Tax Lot 8
  • Tax Tract Number 5000
  • Assessor Parcel Number 0173122030000

Home Details

Home Type

Single Family

Year Built

Built in 2022

Lot Details

1,200 Sq Ft Lot

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2023-08-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 2295
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 0173122030000
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 750.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.06
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Trees/Woods
  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 1200.00
  • Lot Size Acres: 0.0275

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 1200.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 84.03
  • Tax Lot: 8
  • Tax Tract Number: 5000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2021
Sold by
Schneider Marc Andrew and Schneider Charito Calipusan
Bought by
Sanford Properties Llc
Current Estimated Value
$600,601

Purchase Details

Closed on
Mar 8, 2021
Sold by
Breckenridge Property Fund 2016 Llc
Bought by
Schneider Charito C and Schneider Marc A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2020
Sold by
Entra Default Solutions Llc
Bought by
Breckenridge Property Fund 201

Purchase Details

Closed on
Mar 30, 2017
Sold by
Sbr Empire Llc
Bought by
Graham Premier Capital Holdings Llc

Purchase Details

Closed on
Mar 29, 2017
Sold by
Smith Shirley Yvonne
Bought by
Sbr Empire Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Sanford Properties Llc -- First American Title
Schneider Marc Andrew -- None Available
Schneider Charito C $440,000 Usa National Title Company
Breckenridge Property Fund 201 $394,000 None Listed On Document
Graham Premier Capital Holdings Llc $280,000 Lawyers Title Insurance Co
Sbr Empire Llc $265,000 Lawyers Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Charito C $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2023 08/02/23 Rented $2,295 0.0% --
07/23/2023 07/23/23 Under Contract -- -- --
06/29/2023 06/29/23 For Rent $2,295 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,870 $632,329 $140,716 $491,613
2024 $7,348 $619,931 $137,957 $481,974
2023 $7,339 $607,776 $135,252 $472,524
2022 $5,444 $448,800 $132,600 $316,200
2021 $4,969 $394,000 $115,000 $279,000
2020 $3,741 $297,139 $84,897 $212,242
2019 $3,636 $291,312 $83,232 $208,080
2018 $3,546 $285,600 $81,600 $204,000
2017 $499 $36,541 $9,304 $27,237
2016 $493 $35,825 $9,122 $26,703
2015 $490 $35,287 $8,985 $26,302
2014 $482 $34,596 $8,809 $25,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV23116275

California Regional Multiple Listing Service (CRMLS)

APN: 0173-122-03

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