NOT LISTED FOR SALE

9370 Lofty Ln Cherry Valley, CA 92223

Estimated Value: $692,495 - $1,008,000

4 Beds
3 Baths
2,241 Sq Ft
$359/Sq Ft Est. Value

Last Sold November 10, 2016

Last sale price $390,000 $174 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,864/month

Highlights

  • Horse Property
  • Panoramic View
  • No HOA
  • Brookside Elementary School Rated 9+
  • 1.16 Acre Lot
  • Laundry Room

About This Home

As of September 2019

Don't miss out on this gorgeous custom home in the foothills of Cherry Valley! This beautifully mastered horse property sits on over an acre of landscaped land with gorgeous views! Gardener Included!! This home has been remodeled with an outstanding chefs kitchen, beautiful wood floors and large windows that overlook beautiful mountain views!

Last Agent to Rent the Property

TIM ADAMS

MYSMARTLEASE.COM License #01351212 Listed on: 04/29/2019

Last Renter's Agent

TIM ADAMS

MYSMARTLEASE.COM License #01351212 Listed on: 04/29/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,729

Year Built

  • Built in 1980

Lot Details

  • 1.16

Parking

  • 2 Car Garage

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills
  • Valley

Interior Spaces

  • 2,241 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

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

Utilities

  • Central Heating and Cooling System
  • Shared Well
  • Septic Type Unknown

Additional Features

  • Horse Property
  • 1.16 Acre Lot

Listing and Financial Details

  • Security Deposit $2,250
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 5/1/19
  • Tax Lot E
  • Tax Tract Number 3898
  • Assessor Parcel Number 407350011

Community Details

Overview

  • No Home Owners Association
  • Foothills

Recreation

  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,729

Year Built

Built in 1980

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: Security Deposit
  • Available Date: 2019-05-01
  • Credit Check Paid By: Tenant
  • Deposit Pets: 250
  • Deposit Security: 2250
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Yes
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 407350011
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2241.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1.05
  • Room Type: Kitchen, Living Room, Master Bedroom

Exterior Features

  • View: City Lights, Hills, Mountain(s), Panoramic, Trees/Woods, Valley
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Septic Type Unknown
  • Water Source: Shared Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Horse Trails

Schools

  • School District: Beaumont

Lot Info

  • Additional Parcels: No
  • Lot Features: Horse Property, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 50530.00
  • Lot Size Acres: 1.1600

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 50530.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener

Tax Info

  • Tax Census Tract: 438.11
  • Tax Lot: E
  • Tax Tract Number: 3898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2016
Closed on
Oct 14, 2016
Sold by
Magenheim Hermann
Bought by
Wiley Michael
Seller's Agent
Mitchell Weisberg
KELLER WILLIAMS REALTY
Buyer's Agent
David Sperry
The Sperry Team, Inc
List Price
$420,000
Sold Price
$390,000
Premium/Discount to List
-$30,000
-7.14%
Current Estimated Value
$805,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,124
Avg. Annual Appreciation
8.59%
Original Mortgage
$370,500
Outstanding Balance
$298,244
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$506,880

Purchase Details

Closed on
Oct 19, 2005
Sold by
Magenheim Hermann
Bought by
Magenheim Hermann and The Hermann Magenheim Revocable Living T

Purchase Details

Closed on
Dec 9, 1998
Sold by
Hermann Magenheim
Bought by
Magenheim Hermann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,600
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1994
Sold by
Magenheim Hermann
Bought by
Magenheim Herman
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
Wiley Michael $390,000 Lawyers Title
Magenheim Hermann -- None Available
Magenheim Hermann -- First American Title Co
Magenheim Herman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiley Michael $370,500
Previous Owner Magenheim Hermann $54,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2019 09/23/19 Rented $2,350 0.0% --
08/29/2019 08/29/19 Under Contract -- -- --
08/19/2019 08/19/19 Price Changed $2,350 -11.3% $1 / Sq Ft
07/22/2019 07/22/19 For Rent $2,650 0.0% --
07/16/2019 07/16/19 Under Contract -- -- --
04/29/2019 04/29/19 For Rent $2,650 0.0% --
11/10/2016 11/10/16 Sold $390,000 -2.5% $145 / Sq Ft
09/19/2016 09/19/16 Price Changed $399,900 -4.6% $149 / Sq Ft
08/04/2016 08/04/16 Price Changed $419,000 -0.2% $156 / Sq Ft
06/25/2016 06/25/16 For Sale $420,000 0.0% $156 / Sq Ft
06/25/2016 06/25/16 Price Changed $420,000 -6.7% $156 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $450,000 -- $167 / 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 $5,729 $452,624 $81,238 $371,386
2023 $5,729 $435,050 $78,085 $356,965
2022 $5,638 $426,520 $76,554 $349,966
2021 $5,528 $418,157 $75,053 $343,104
2020 $5,471 $413,870 $74,284 $339,586
2019 $5,384 $405,756 $72,828 $332,928
2018 $5,362 $397,800 $71,400 $326,400
2017 $5,277 $390,000 $70,000 $320,000
2016 $2,674 $200,411 $27,714 $172,697
2015 $2,628 $197,402 $27,299 $170,103
2014 $2,628 $193,537 $26,765 $166,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19097646

California Regional Multiple Listing Service (CRMLS)

APN: 407-350-011