NOT LISTED FOR SALE

7827 Montecito Ln Riverside, CA 92507

Estimated Value: $611,000 - $669,723

3 Beds
2 Baths
1,388 Sq Ft
$464/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $580,000 $418 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,287/month

8 Days on Market

Highlights

  • Mountain View
  • No HOA
  • 2 Car Attached Garage
  • Near a National Forest
  • Hiking Trails
  • Laundry Room

About This Home

As of February 2024

Welcome to your new home at 7827 Montecito Ln, Riverside! This exquisite property, crafted by KB Home, offers the perfect blend of comfort and style. Enjoy breathtaking mountain views right from your backyard, creating a serene and picturesque setting for your daily life.

Featuring a spacious lot size of 12,070 square feet, the backyard provides an ideal space for gatherings, entertaining, and creating lasting memories with family and friends. Whether you're hosting events or simply unwinding, this outdoor oasis is yours to personalize and enjoy.

Nestled within the Riverside Unified School District, this home ensures access to quality education for your family. The convenience of being close to the freeway intersection of 60 and 91 makes commuting a breeze, providing easy access to nearby amenities, shopping centers, and cultural attractions.

Don't miss the opportunity to call this Home yours, where comfort, stunning views, and convenience come together to create the perfect Riverside residence. Schedule your viewing today and imagine the possibilities that await in this inviting and well-located property!

Last Agent to Sell the Property

Alejandro Martinez Cansino

NEW HAVEN INVESTMENTS INC License #0790917 Listed on: 01/08/2024

Last Buyer's Agent

Alejandro Martinez Cansino

NEW HAVEN INVESTMENTS INC License #0790917 Listed on: 01/08/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,309

Year Built

  • Built in 2021

Lot Details

  • 0.28 Acre Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,388 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Kitchen Island
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 297
  • Assessor Parcel Number 2556500300000

Community Details

Overview

  • No Home Owners Association
  • Near a National Forest
  • Mountainous Community

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,309

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2556500300000
  • Year Built: 2021
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1388.00 Square Feet
  • Stories: 1
  • Entry Location: Frnt
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 417.87
  • Room Type: All Bedrooms Down
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Blm/National Forest, Hiking, Mountainous, Sidewalks

Schools

  • School District: Riverside Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 12070.00
  • Lot Size Acres: 0.2771

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12070.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 50
  • Tax Tract Number: 297...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2024
Closed on
Jan 17, 2024
Sold by
Lopez Servando
Bought by
Castorena Salas Ricardo and Castorena Jennifer Salas
Seller's Agent
Alejandro Martinez Cansino
NEW HAVEN INVESTMENTS INC
Buyer's Agent
Alejandro Martinez Cansino
NEW HAVEN INVESTMENTS INC
List Price
$630,000
Sold Price
$580,000
Premium/Discount to List
-$50,000
-7.94%
Views
57
Current Estimated Value
$643,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,431
Avg. Annual Appreciation
6.75%
Original Mortgage
$623,498
Outstanding Balance
$613,088
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$30,343

Purchase Details

Closed on
Aug 30, 2021
Sold by
Lopez Guadalupe
Bought by
Lopez Servando

Purchase Details

Closed on
May 28, 2021
Sold by
Kb Home Coastal Inc
Bought by
Lopez Servando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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
Castorena Salas Ricardo $317,500 Lawyers Title
Lopez Servando -- Fidelity Natl Ttl Builder Sv
Lopez Servando $551,000 Fidelity Natl Ttl Builder Sv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castorena Salas Ricardo $623,498
Previous Owner Lopez Servando $436,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2024 02/15/24 Sold $580,000 -7.9% $418 / Sq Ft
01/08/2024 01/08/24 For Sale $630,000 -- $454 / 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 $10,309 $647,700 $194,310 $453,390
2023 $10,309 $561,688 $127,500 $434,188
2022 $4,660 $76,886 $76,886 $0
2021 $4,570 $75,379 $75,379 $0
2020 $4,492 $74,607 $74,607 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24004031

California Regional Multiple Listing Service (CRMLS)

APN: 255-650-030