NOT LISTED FOR SALE

6566 Edison Ave Chino, CA 91710

Estimated Value: $1,036,000 - $1,684,009

4.7 Acres
$297,377 Price per Acre
204,732 Sq Ft Lot

Last Sold March 20, 2024

Last sale price $1,575,000 $1,414 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $9,023/month

3 Days on Market

About This Lot

As of March 2024

Discover an enticing investment opportunity in Chino, where this property's prime location and flexible zoning beckon developers and investors alike. With its current zoning as SFR 4.5 complemented by the Measure Y overlay for multifamily units, the stage is set for a promising development venture.
Featuring a cozy 2-bed, 1-bath home spanning 1114 sqft, alongside a recently renovated spacious storage room, the property already boasts valuable assets. However, the true allure lies in its development prospects. The owner has meticulously researched the city's regulations and has a comprehensive site plan ready for submission, highlighting the potential for the construction of 5 duplexes and 5 ADUs in accordance with Measure Y's development code.
Investors can rest assured knowing they are tapping into a thriving market with this property. Its strategic location ensures easy access to amenities, transportation, and key facilities, making it an attractive prospect for future tenants or buyers. Don't miss out on this golden opportunity to unlock the full potential of this property and maximize your returns in Chino's flourishing real estate landscape.

Last Agent to Sell the Property

Dale Freitas

DALE FREITAS REALTY Brokerage Phone: 909-239-3981 License #00889422 Listed on: 02/06/2024

Last Buyer's Agent

XUEMEI SUN

Pinnacle Real Estate Group License #02109108

Pinnacle Real Estate Group

Property Details

Property Type

  • Land

Lot Details

  • 4.7 Acre Lot
  • Chain Link Fence

Utilities

  • Natural Gas Connected
  • Well

Listing and Financial Details

  • Assessor Parcel Number 1053251030000
  • $300 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Current Use Comments: SINGLE FAMILY RESIDENT
  • Possible Use Comments: MAYBE POSSIABLE TO BUILT 5 DUPLEX'S PLUS 5 ADU'S PER CITY OF CHINO PROPOSED PLAN SEE LISTING SUPPLEMENT'S FOR MORE INFO.
  • Road Frontage Type: City Street
  • View: No
  • Zoning: SFR
  • Property Type: Land
  • Parcel Number: 1053251030000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 7.69

Exterior Features

  • Fencing: Chain Link

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Available, Water Available
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 204731.00
  • Lot Size Acres: 4.7000

Multi Family

  • Lot Size Area: 204731.0000 Square Feet

Tax Info

  • TaxOtherAnnualAssessmentAmount: 300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
Feb 15, 2024
Sold by
Santos Jose G
Bought by
Zhan Feiyang
Seller's Agent
Dale Freitas
DALE FREITAS REALTY
Buyer's Agent
XUEMEI SUN
Pinnacle Real Estate Group
List Price
$1,599,900
Sold Price
$1,575,000
Premium/Discount to List
-$24,900
-1.56%
Views
29
Current Estimated Value
$1,397,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$177,330
Avg. Annual Appreciation
-6.06%
Original Mortgage
$1,023,750
Outstanding Balance
$1,012,670
Interest Rate
9.13%
Mortgage Type
New Conventional
Estimated Equity
$385,000

Purchase Details

Listed on
Dec 17, 2020
Closed on
Jan 6, 2021
Sold by
Lindsey William C and William C Lindsey Trust
Bought by
Santos Jose G
Seller's Agent
Oscar Trejo Jr.
Sell My Home Real Estate
Buyer's Agent
Dale Freitas
DALE FREITAS REALTY
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%
Original Mortgage
$548,250
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
Sold by
Lindsey John
Bought by
Lindsey John W

Purchase Details

Closed on
Oct 15, 2012
Sold by
Lindsey William C
Bought by
Lindsey William C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zhan Feiyang $1,575,000 Chicago Title
Santos Jose G $1,050,000 Ticor Title Company
Lindsey John W -- None Available
Lindsey William C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhan Feiyang $1,023,750
Previous Owner Santos Jose G $548,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2024 03/20/24 Sold $1,575,000 -1.6% $1,414 / Sq Ft
02/06/2024 02/06/24 For Sale $1,599,900 +52.4% $1,436 / Sq Ft
02/08/2021 02/08/21 Sold $1,050,000 -12.5% $943 / Sq Ft View Prior Sale
12/19/2020 12/19/20 Pending -- -- --
12/17/2020 12/17/20 For Sale $1,200,000 -- $1,077 / 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 $21,184 $1,606,500 $1,285,200 $321,300
2024 $12,211 $1,103,656 $833,048 $270,608
2023 $11,873 $1,082,016 $816,714 $265,302
2022 $11,916 $1,071,000 $800,700 $270,300
2021 $4,394 $391,591 $308,274 $83,317
2020 $4,337 $387,576 $305,113 $82,463
2019 $4,262 $379,976 $299,130 $80,846
2018 $4,169 $372,526 $293,265 $79,261
2017 $4,095 $365,222 $287,515 $77,707
2016 $3,828 $358,060 $281,877 $76,183
2015 $3,752 $352,682 $277,643 $75,039
2014 $3,679 $345,773 $272,204 $73,569
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV24026671

California Regional Multiple Listing Service (CRMLS)

APN: 1053-251-03

Your Personal Tour Guide

Ask me questions while you tour the home.