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16031 Lake Mathews Drive

16031 Lake Mathews Drive, Perris, CA 92570
Property in Riverside
Sold May 14, 2019
$500,000
$450,000 by Kamaaina Mortgage Group Inc
Mortgage Due Jun 01, 2049
Sold Nov 05, 2014
$306,000
Buyer
Seller
$229,500 by Golden Empire Mortgage Inc
Mortgage Due Nov 01, 2044
16031 Lake Mathews Drive has been categorized by the local assessors in Perris, CA as a residential type of property. The building on the property was first built in 1981 and is 43 years old. However, we must point out that the home was most recently renovated and altered in 1982. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 5 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 16031 Lake Mathews Drive has 3,198 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 229,126 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 336 sqft. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a pool on the property. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. The roof of the building is made of gravel/rock. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16031 Lake Mathews Drive was last sold in Apr 29, 2019 for $500,000. According to our calculations, that's $135.06 per sqft. Prior to that sales transaction, the property was sold for $306,000 in Sep 23, 2014. Current property owners are expected to pay $6,264 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2018. The property on 16031 Lake Mathews Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $536,097. To break that down further, the land itself was valued at $160,832. While improvements to the property were assessed at a total of $375,265. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1981
  • Effective Year Built: 1982
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 5
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 229,126
  • Total Building Area: 3,702
  • Gross Building Area: 3,702
  • Building Area: 3,198
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,198
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 5.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 5.26 ACRES M/L IN POR SW 1/4 OF SEC 26 T4S R5W FOR TOTAL DESCRIPTION SEE ASSESSORS MAPS

Ownership

  • Current Owner : TRAN DANIEL
  • Current Owner 2: TRAN CASEY HIEN
  • Previous Owner : DEWANG XIAN DE
  • Owner Before Previous Owner: FRAUSTO JESSE

Neighborhood

  • School District Name: Perris Elementary School District
  • Census Tract: 042007

Zoning

  • Zoning: RA5

Geography

  • Parcel: 289-410-001
  • Meridian: SEC 26 TWN 04S RNG 05W
  • Municipality: PERRIS ELEM
  • Latitude: 33.7877
  • Longitude: -117.38

    Address

  • Full Address: 16031 Lake Mathews Dr
  • Address - House Number: 16031
  • Address - Street Name: Lake Mathews
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Perris
  • Carrier Code: R011
  • 4-Digit Zip Code: 7924
  • Zip Code: 92570

Valuation

    Tax

  • Total Area: 1,674
  • Tax Year: 2023
  • Tax Amount: $6,264
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 087-021

    Appraisal Valuation

  • Standard Deviation: 0.0759
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 94
  • Final Value: 697,622
  • High Value: 750,620
  • Low Value: 644,624

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $450,000
  • First Open Lien Mortgage Lender: KAMAAINA MORTGAGE GROUP INC
  • First Open Lien Mortgage Recording Date: May 14, 2019
  • First Open Lien Mortgage Loan Amount: $450,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $536,097
  • Assessed Land Value: $160,832
  • Assessed Improvements Value: $375,265

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: May 14, 2019
  • Current Sale Transaction ID: 11607130551
  • Current Sale Price: $500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019-0167536
  • Previous Sale Recording Date: Nov 05, 2014
  • Previous Sale Contract Date: Sep 23, 2014
  • Previous Sale Amount: $306,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: KAMAAINA MORTGAGE GROUP INC
  • First Mortgage Transaction Date: May 14, 2019
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: GOLDEN EMPIRE MORTGAGE INC
  • Previous Mortgage Transaction Date: Nov 05, 2014
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $229,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 01, 2044

About Riverside



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Frequently Asked Questions

What neighborhood is 16031 Lake Mathews Drive located in?
The 16031 Lake Mathews Drive is a located in the neighborhood of Riverside in Riverside, Perris.
What is the average sales price for listings in 16031 Lake Mathews Drive?
The average sales price for units in 16031 Lake Mathews Drive is $0 currently.

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