NOT LISTED FOR SALE

547 Main St Riverside, CA 92501

Estimated Value: $3,521,867

Studio
-- Bath
6,655 Sq Ft
$529/Sq Ft Est. Value

Last Sold January 16, 2015

Last sale price $1,675,000 $252 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $20,253/month

716 Days on Market

Highlights

  • 24-Hour Security
  • Lake View
  • Fireplace in Primary Bedroom
  • Heated Pool
  • 0.78 Acre Lot
  • Wood Flooring

About This Home

As of January 2015

The owner operates the Castle Wood Cottages at this property. There is a ~1500 sq ft owner's house on site. Castle Wood Cottages is the most romantic theme cabins in Big Bear Lake and it offers a truly unique lodging experience located in a beautiful quiet pine tree setting within walking distance from the Big Bear Village. It is also a few blocks from the lake marinas and short driving distance from the two main ski slopes in Big Bear Mountains.

With plenty of Jacuzzis, hot tubs and fireplaces in the cabins, they offer a unique unforgettable romantic getaway for couples living in Southern California or out of states. The on-going business has been running well and the owner needs to relocate. Chance in a life time opportunity to take over an established successful resort business and get to own a centrally located income producing property in Big Bear Lake. It is suitable to both on-site family owner/operator and it could be an excellent investment diversification for professional resort oriented property companies or hotel REITs.

Last Agent to Sell the Property

Ralph Liu

InvestorsAlly Realty License #01342940 Listed on: 01/30/2013

Last Buyer's Agent

Kathleen Mueller

MUELLER REALTY License #00630929

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,383

Year Built

  • Built in 1922

Lot Details

  • 0.78 Acre Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Cottage
  • Turnkey
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 6,655 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Panel Doors
  • Living Room
  • Den with Fireplace
  • Lake Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Spa Bath

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces
  • Parking Available
  • Assigned Parking

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Radiant Heating System
  • 220 Volts For Spa
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0309103140000

Community Details

Overview

  • 12 Buildings
  • Mountainous Community

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,383

Year Built

Built in 1922

Lot Details

0.78 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security
  • View: Yes
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 0309103140000
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Fireplace Features: Den, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 251.69
  • Room Type: Living Room, Master Bedroom
  • Spa Features: Bath
  • Window Features: Blinds

Exterior Features

  • Foundation: Block
  • Exterior Features: Barbecue Private
  • View: Lake
  • Pool Features: Community, Heated
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 12.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range
  • Electric: 220 Volts For Spa
  • Heating Type: Forced Air, Radiant
  • Laundry Features: Community
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size: .7748
  • Lot Size Sq Ft: 33750.00
  • Lot Size Acres: 0.7750

Multi Family

  • Lot Size Area: 33750.0000 Square Feet
  • Rent Control: No

Tax Info

  • Tax Annual Amount: 17383.00
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2025
Sold by
Schonland David M
Bought by
Schonland Shannon
Current Estimated Value
$3,521,867

Purchase Details

Listed on
Jan 30, 2013
Closed on
Dec 10, 2014
Sold by
Schonland Shannon F
Bought by
Schonland David M
Seller's Agent
Ralph Liu
InvestorsAlly Realty
Buyer's Agent
Kathleen Mueller
MUELLER REALTY
List Price
$1,700,000
Sold Price
$1,675,000
Premium/Discount to List
-$25,000
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 30, 2013
Closed on
Nov 19, 2014
Sold by
Fendi Effendi and Fendi Mei
Bought by
Schonland Richard P and Schonland David M
Seller's Agent
Ralph Liu
InvestorsAlly Realty
Buyer's Agent
Kathleen Mueller
MUELLER REALTY
List Price
$1,700,000
Sold Price
$1,675,000
Premium/Discount to List
-$25,000
-1.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2006
Sold by
Payne Dan G and Payne Louise S G
Bought by
Fendi Effendi and Fendi Mei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.76%
Mortgage Type
Commercial
Source: Public Records
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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
Schonland Shannon -- None Listed On Document
Schonland David M -- Western Resources Title Co
Schonland Richard P $1,665,000 Western Resources Title
Fendi Effendi $1,400,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schonland Richard P $1,165,500
Previous Owner Fendi Effendi $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2015 01/16/15 Sold $1,675,000 -1.5% $252 / Sq Ft
01/16/2015 01/16/15 Pending -- -- --
01/30/2013 01/30/13 For Sale $1,700,000 -- $255 / Sq Ft
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 $23,135 $1,922,959 $480,739 $1,442,220
2024 $22,351 $1,885,254 $471,313 $1,413,941
2023 $21,875 $1,848,289 $462,072 $1,386,217
2022 $21,213 $1,812,048 $453,012 $1,359,036
2021 $20,849 $1,776,517 $444,129 $1,332,388
2020 $21,226 $1,758,301 $439,575 $1,318,726
2019 $20,685 $1,723,825 $430,956 $1,292,869
2018 $20,005 $1,690,025 $422,506 $1,267,519
2017 $19,548 $1,656,888 $414,222 $1,242,666
2016 $19,130 $1,624,400 $406,100 $1,218,300
2015 $18,565 $1,560,685 $376,237 $1,184,448
2014 $18,219 $1,530,113 $368,867 $1,161,246
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13016081

California Regional Multiple Listing Service (CRMLS)

APN: 0309-103-14

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