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1517 Margarita Drive

1517 Margarita Drive, Redlands, CA 92373
Property in South Redlands
Refi Oct 16, 2020
Transfer
$284,000 by Pacific Lending Llc
Mortgage Due Nov 01, 2035
Local assessors in Redlands, CA have categorized 1517 Margarita Drive as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 20,088 square feet. The linear feet between the front and back of the lot was measured at 2,480 ft and the front of the lot was measured at 810 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1517 Margarita Drive has a total of 2,614 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 484 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $4,522 in taxes per year. The property on 1517 Margarita Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $386,682. To break that down further, the land itself was valued at $120,124. While improvements to the property were assessed at a total of $266,558. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Modern
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 20,088
  • Lot Size Depth Feet: 2,480
  • Lot Size Frontage Feet: 810
  • Total Building Area: 3,098
  • Gross Building Area: 3,098
  • Building Area: 2,614
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,614
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SUNSET RIDGE
  • Land Acres: 0.461
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: TRACT 4942 LOT 6 SUNSET RIDGE EX MNL RTS

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Redlands Unified School District
  • Census Tract: 008501

Geography

  • Assessors Map Reference: 29-F5
  • District: 12
  • Subdivision Tract Number: 4942
  • Parcel: 0176-222-06-0000
  • Lot: 6
  • Municipality: SAN BERNARDINO
  • Latitude: 34.0329
  • Longitude: -117.149

    Address

  • Full Address: 1517 Margarita Dr
  • Address - House Number: 1517
  • Address - Street Name: Margarita
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Redlands
  • Carrier Code: C034
  • 4-Digit Zip Code: 6413
  • Zip Code: 92373

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,522
  • Tax Rate Code Area: 005-000

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 801,165
  • High Value: 959,163
  • Low Value: 643,167

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $284,000
  • First Open Lien Mortgage Lender: PACIFIC LENDING LLC
  • First Open Lien Mortgage Recording Date: Oct 16, 2020
  • First Open Lien Mortgage Loan Amount: $284,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $386,682
  • Assessed Land Value: $120,124
  • Assessed Improvements Value: $266,558

    Exemptions

  • Homeowner Exemption: Yes

About South Redlands



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Frequently Asked Questions

What neighborhood is 1517 Margarita Drive located in?
The 1517 Margarita Drive is a located in the neighborhood of South Redlands in South Redlands, Redlands.
What is the average sales price for listings in 1517 Margarita Drive?
The average sales price for units in 1517 Margarita Drive is $0 currently.

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