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16211 Magnolia Way

16211 Magnolia Way, Fontana, CA 92336
Property in Sierra Lakes
Sold Sep 03, 2021
Transfer
$485,347 by Hometown Equity Mortgage, Llc
Mortgage Due Oct 01, 2051
Sold Sep 03, 2021
$760,000
$485,347 by Hometown Equity Mortgage, Llc
Mortgage Due Oct 01, 2051
Local assessors in Fontana, CA have categorized 16211 Magnolia Way as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 6,881 square feet. 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 11 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 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16211 Magnolia Way has a total of 3,683 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 590 sqft. There are 3 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. 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 tile. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $760,000 in Aug 4, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,996 in taxes each year. 16211 Magnolia Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $775,200. If we break it down further, the land itself was valued at $193,800. Improvements to the property, however, were assessed at a total of $581,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Modern
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 590
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 6,881
  • Total Building Area: 4,273
  • Gross Building Area: 4,273
  • Building Area: 3,683
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,683
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 16095
  • Land Acres: 0.158
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: TRACT 16095 LOT 65 BOOK 289 PAGE 16

Ownership

  • Current Owner : FAVELA JOSE LUIS MARTINEZ
  • Previous Owner : ALVARADO NANCY MARLEN RODRIGUEZ
  • Owner Before Previous Owner: J & S KIMS FAMILY LIMITED PARTNERSHIP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fontana Unified School District
  • Census Tract: 002708

Geography

  • District: 08
  • Subdivision Tract Number: 16095
  • Parcel: 1119-021-40-0000
  • Lot: 65
  • Municipality: FONTANA
  • Latitude: 34.1451
  • Longitude: -117.451

    Address

  • Full Address: 16211 Magnolia Way
  • Address - House Number: 16211
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Fontana
  • Carrier Code: R013
  • 4-Digit Zip Code: 5692
  • Zip Code: 92336

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,996
  • Tax Rate Code Area: 010-066

    Appraisal Valuation

  • Standard Deviation: 0.1932
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 851,774
  • High Value: 1,016,354
  • Low Value: 687,195

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $485,347
  • First Open Lien Mortgage Lender: HOMETOWN EQUITY MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Sep 03, 2021
  • First Open Lien Mortgage Loan Amount: $485,347
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,200
  • Assessed Land Value: $193,800
  • Assessed Improvements Value: $581,400

    Sales

  • Current Sale Contract Date: Sep 01, 2021
  • Current Sale Recording Date: Sep 03, 2021
  • Current Sale Transaction ID: 11854680252
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2021-0403261
  • Previous Sale Recording Date: Sep 03, 2021
  • Previous Sale Contract Date: Aug 04, 2021
  • Previous Sale Amount: $760,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMETOWN EQUITY MORTGAGE
  • First Mortgage Transaction Date: Sep 03, 2021
  • First Mortgage Loan Amount: $485,347
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: HOMETOWN EQUITY MORTGAGE, LLC
  • Previous Mortgage Transaction Date: Sep 03, 2021
  • Previous Mortgage Loan Amount: $485,347
  • Previous Mortgage Loan Due Date: Oct 01, 2051

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Frequently Asked Questions

What neighborhood is 16211 Magnolia Way located in?
The 16211 Magnolia Way is a located in the neighborhood of Sierra Lakes in Sierra Lakes, Fontana.
What is the average sales price for listings in 16211 Magnolia Way?
The average sales price for units in 16211 Magnolia Way is $0 currently.

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