NOT LISTED FOR SALE

Estimated Value: $866,000 - $1,358,000

3 Beds
3 Baths
2,252 Sq Ft
$469/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $760,000 $337 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,507/month

22 Days on Market

Highlights

  • Attached Guest House
  • Panoramic View
  • Cathedral Ceiling
  • Heated In Ground Pool
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of December 2021

SELLER IS ACCEPTING BACKUP OFFERS. This rare mid century-era (1957) Magnesia Falls Cove property, with its oversized lot, double mountain views, and resort-like backyard, represents a lot of value. It has broad and unusual features that are easily adaptable to multiple uses, with special appeal for people who love the outdoors or to entertain. The 2,252-square-foot house a 3/3, including an attached 1/1 casita with a kitchen AND an additional separate, freestanding potential casita (which could also be a studio/office, etc. behind the main house). This home has a front yard that features desert landscape and gorgeous mountain views, and dual pedestrian gates on either side of the home, custom made in Mexico. We'll save the stunning backyard for last. First, step inside the foyer of the 2/2 main house and into the living room area anchored by a mid century style slump stone fireplace below the wood vaulted ceiling. Note the fun, efficient gourmet kitchen with granite countertops. These common areas provide good distance between the bedrooms. The large master bedroom has French doors that open to majestic views of the Chocolate mountains beyond the pool, and features an en suite bathroom with walk-in shower. The second bedroom is large as is the second bathroom. The laundry and storage area is beyond that, along with another door to the outside and also another door with access to the attached 1-bedroom casita with a kitchen. This 1-bedroom casita with a kitchen is separately metered. It could be used as a longer term rental unit, which recently generated $1,100 a month as part of a 1-year lease. The kitchen in this attached casita has a newer water heater, wall unit A/C, refrigerator and stove. This unit also has its own entrance on the front, and also a back door, fostering privacy. Behind the house is a breezeway and the freestanding potential casita (no bath)/studio/office. This space is currently used as the owner's office and library, but it's near the pool and features a wet bar, and has also served as a fun game and party room. Indeed, it has numerous uses, from an art or music studio. Beyond this freestanding casita sits a custom-built shed. NOW TO THE the truly stunning, expansive backyard and its panoramic views of mountains and valley. This paradise is centered by a large, deep swimming pool and custom paver deck, with a large entertainment patio and living area on the far side of the pool. The Seller added some upgrades, completed in 2018 including resurfacing of the pool, new pavers, and doubling to 24 x 24 the size of the concrete patio on the far side of the pool, and leading gas, water and electric lines to this patio site. It creates the possibility for a gourmet grill or even an outdoor kitchen for the new Owner. Plumbing was also roughed in, allowing for many possibilities. You will want to see this truly rare property.

Last Agent to Sell the Property

Ginny Peacock

Coldwell Banker Realty License #00809811 Listed on: 10/22/2021

Coldwell Banker Realty

Co-Listed By

Carol Traylor

Coldwell Banker Realty License #01317956

Last Buyer's Agent

Beth Cummins

Compass License #01990421

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,881

Year Built

  • Built in 1957

Lot Details

  • 0.25 Acre Lot
  • West Facing Home
  • Fenced
  • Back and Front Yard
  • Property is zoned ESF

Parking

  • Driveway

Property Views

  • Panoramic
  • Mountain

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Clay Roof

Interior Spaces

  • 2,252 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Tile Flooring

Kitchen

  • Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Studio bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Heated In Ground Pool
  • Open Patio
  • Shed

Additional Homes

  • Attached Guest House

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Property is located within a water district

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 684-401-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,881

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Builders Tract Code: 2570
  • Living Area: 2252
  • Lot Acreage: 0.2500
  • Property Condition: Fixer, Repair Cosmetic
  • Stories: 1
  • Year Built: 1957
  • Builders Tract Name: Magnesia Falls Cove
  • Number Of Photos: 45
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings, High Ceilings (9 Feet+)
  • Fireplace Rooms: Living Room
  • Flooring: Tile
  • Appliances: Cooktop - Gas, Oven
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, Living Room
  • Kitchen Features: Granite Counters
  • Laundry: Room, Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Price Per S Q F T: 355.24
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Other Features: Sliding Glass Doors, High Ceilings (9 Feet+)
  • Other Structures: Shed(s), GuestHouse
  • Guest House: Attached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Roof: Clay
  • Spa Yn: No
  • View: Panoramic, Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Cooling: Air Conditioning, Central, Wall/Window
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Connected and Paid
  • Water: Water District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 684-401-006
  • Lot Description: Street Paved, Front Yard, Back Yard, Fenced
  • Lot Size Area: 10890

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 9, 2021
Sold by
Jordan Meredith T
Bought by
Pham Mai
Seller's Agent
Ginny Peacock
Coldwell Banker Realty
Buyer's Agent
Beth Cummins
Compass
List Price
$800,000
Sold Price
$760,000
Premium/Discount to List
-$40,000
-5%
Total Days on Market
22
Current Estimated Value
$1,055,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,359
Avg. Annual Appreciation
10.01%
Original Mortgage
$608,000
Outstanding Balance
$564,773
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$490,586

Purchase Details

Listed on
Jan 4, 2018
Closed on
Jan 26, 2018
Sold by
Newell Abigael
Bought by
Newell David A
Seller's Agent
Cynthia Muller
List Price
$443,000
Sold Price
$443,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.93%
Original Mortgage
$300,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 4, 2018
Closed on
Jan 9, 2018
Sold by
Newell David A
Bought by
Jordan Meredith T
Seller's Agent
Cynthia Muller
List Price
$443,000
Sold Price
$443,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2011
Sold by
Resolution Fund Management Series 12 1
Bought by
Newell David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2010
Sold by
Cardwell William E
Bought by
Resolution Fund Management Series 12 1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 6, 2000
Sold by
Operations Shoe String
Bought by
Cardwell William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.95%

Purchase Details

Closed on
Apr 21, 1998
Sold by
The Bank Of New York
Bought by
Operations Shoe String Inc

Purchase Details

Closed on
Jun 20, 1997
Sold by
Colclasure Neal E and Colclasure Carol
Bought by
The Bank Of New York

Purchase Details

Closed on
Jan 26, 1994
Sold by
Saluja Amarjit S and Saluja Jasbir K
Bought by
Abhyankar Shreedhar Ramesh P and Abhyankar Kalpena Shreedhar

Purchase Details

Closed on
Jul 11, 1993
Sold by
Salmon Patricia M
Bought by
Salmon Timothy and The Patricia Salmon Trust
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
Pham Mai $760,000 Orange Coast Title
Newell David A -- Stewart Title Of California
Jordan Meredith T $443,000 Stewart Title Of California
Newell David A $249,000 First American Title Company
Resolution Fund Management Series 12 1 $201,000 None Available
Cardwell William E $180,000 South Coast Title Company
Operations Shoe String Inc $106,000 First American Title Ins Co
The Bank Of New York $119,000 Northern Counties Title
Abhyankar Shreedhar Ramesh P $10,000 --
Salmon Timothy -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pham Mai $608,000
Previous Owner Jordan Meredith T $300,000
Previous Owner Newell David A $178,107
Previous Owner Newell David A $199,200
Previous Owner Resolution Fund Management Series 12 1 $1,500,000
Previous Owner Cardwell William E $170,000
Previous Owner Cardwell William E $273,000
Previous Owner Cardwell William E $200,000
Previous Owner Cardwell William E $50,000
Previous Owner Cardwell William E $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $760,000 -5.0% $337 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $800,000 +80.6% $355 / Sq Ft
02/01/2018 02/01/18 Sold $443,000 0.0% $217 / Sq Ft
01/04/2018 01/04/18 For Sale $443,000 -- $217 / Sq Ft
Source: The MLS

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
2023 $10,881 $775,200 $93,330 $681,870
2022 $10,834 $760,000 $91,500 $668,500
2021 $6,843 $465,671 $78,838 $386,833
2020 $6,521 $460,897 $78,030 $382,867
2019 $6,423 $451,860 $76,500 $375,360
2018 $4,294 $280,361 $84,106 $196,255
2017 $4,235 $274,864 $82,457 $192,407
2016 $4,127 $269,476 $80,841 $188,635
2015 $3,989 $265,430 $79,628 $185,802
2014 $3,974 $260,232 $78,069 $182,163
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-792240

The MLS

APN: 684-401-006