NOT LISTED FOR SALE

8408 Chino Ave Ontario, CA 91761

Ontario Ranch Neighborhood

Estimated Value: $1,828,034

13.78 Acres
$132,658 Price per Acre
600,257 Sq Ft Lot

Last Sold December 07, 2020

Last sale price $3,350,000 $2,213 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $11,712/month

90 Days on Market

Highlights

  • 13.78 Acre Lot
  • No HOA
  • Agricultural

About This Lot

As of December 2020

Two Adjacent Parcels of Land for Sale. 8408 Chino Avenue(APN: 0216-172-12) & 13158 South Walker Avenue(APN: 0216-172-14). Totaling Approx. 13.78 Acres for both parcels. Ontario Ranch Master Plan. Zoned for Low Density Residential(4.6 Dwelling Units per Acre) and Agricultural. Williamson Act expired in 2015. Excellent opportunity for developers, investors, owner users, and land banking. NWC of Chino Avenue and South Walker Avenue. Easy Access to 60, 71, 15 Freeways.

Last Agent to Sell the Property

Jun Choi

Berkshire Hathaway HomeServices California Properties Listed on: 06/18/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Nasser Mustafa

ASG Development Advisors License #01035315

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $25,157

Lot Details

  • 13.78 Acre Lot
  • Density is 2-5 Units/Acre

Additional Features

  • Suburban Location
  • Agricultural
  • Well

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0216172120000

Property Details

Property Type

Land

Est. Annual Taxes

$25,157

Lot Details

0

Listing Details

  • View: No
  • Zoning: Residential
  • Property Type: Land
  • Parcel Number: 0216172120000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 5.58

Utilities

  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Agricultural
  • Lot Size Sq Ft: 600256.80
  • Lot Size Acres: 13.7800

Multi Family

  • Lot Size Area: 13.7800 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Oct 23, 2020
Sold by
Park Mimi H
Bought by
Park Jay Hong
Seller's Agent
Jun Choi
Coldwell Banker Envision
Buyer's Agent
Nasser Mustafa
ASG Development Advisors
List Price
$4,500,000
Sold Price
$3,350,000
Premium/Discount to List
-$1,150,000
-25.56%
Current Estimated Value
$1,828,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,521,966

Purchase Details

Listed on
Jun 18, 2019
Closed on
Oct 8, 2020
Sold by
Park Jay Hong and Won Adrian Y
Bought by
Redlands Re Holdings Llc
Seller's Agent
Jun Choi
Coldwell Banker Envision
Buyer's Agent
Nasser Mustafa
ASG Development Advisors
List Price
$4,500,000
Sold Price
$3,350,000
Premium/Discount to List
-$1,150,000
-25.56%

Purchase Details

Closed on
Oct 30, 2018
Sold by
Chung Carnie
Bought by
Chung Carnie

Purchase Details

Closed on
Jan 7, 2011
Sold by
Chung David
Bought by
Chung Carnie

Purchase Details

Closed on
May 18, 2004
Sold by
Chung Kyungho
Bought by
Lee Oh Young and Lee Eunhee M

Purchase Details

Closed on
Dec 19, 2003
Sold by
Chung U Kyong
Bought by
Chung Kyungho

Purchase Details

Closed on
Mar 31, 1999
Sold by
Im Won Daniel Chi Joon
Bought by
Won Adrian Y and Won Sylvia J

Purchase Details

Closed on
Feb 27, 1995
Sold by
Chung U Kyong
Bought by
Chung Kyungho
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
Park Jay Hong -- Ticor Title
Redlands Re Holdings Llc $3,350,000 Title365
Chung Carnie -- None Available
Chung Carnie -- None Available
Lee Oh Young $100,000 --
Chung Kyungho -- --
Won Adrian Y -- --
Chung Kyungho -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $3,350,000 -25.6% $2,213 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $4,500,000 0.0% $2,972 / Sq Ft
01/23/2012 01/23/12 Rented $900 -28.0% --
01/23/2012 01/23/12 Under Contract -- -- --
01/17/2012 01/17/12 For Rent $1,250 -- --
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 $25,157 $2,321,817 $2,056,621 $265,196
2024 $25,157 $2,276,291 $2,016,295 $259,996
2023 $24,460 $2,231,658 $1,976,760 $254,898
2022 $24,315 $2,187,900 $1,938,000 $249,900
2021 $23,936 $2,145,000 $1,900,000 $245,000
2020 $15,572 $1,400,668 $1,277,270 $123,398
2019 $15,300 $1,373,203 $1,252,225 $120,978
2018 $15,938 $1,346,278 $1,227,672 $118,606
2017 $14,842 $1,319,880 $1,203,600 $116,280
2016 $12,169 $1,145,420 $1,060,332 $85,088
2015 $11,926 $1,128,215 $1,044,405 $83,810
2014 $12,217 $1,073,945 $991,777 $82,168
Source: Public Records

Agents Affiliated with this Home

  • Jun Choi

    Seller's Agent in 2020

    Jun Choi

    Berkshire Hathaway HomeServices California Properties

    (951) 833-8333

    2 in this area

    3 Total Sales

    Jun Choi
    Section Image
  • Nasser Mustafa

    Buyer's Agent in 2020

    Nasser Mustafa

    ASG Development Advisors

    (714) 553-9595

    2 in this area

    6 Total Sales

    Nasser Mustafa
    Section Image
  • Adam Ahmed

    Seller's Agent in 2012

    Adam Ahmed

    (760) 699-7979

    36 Total Sales

    Adam Ahmed
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19144465

California Regional Multiple Listing Service (CRMLS)

APN: 0216-172-12

California San Bernardino County Ontario 91761 Ontario Ranch

8408 Chino Ave, Ontario, CA

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