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24462 Preston Court

24462 Preston Court, Lake Elsinore, CA 92532
Sold Apr 26, 2022
$675,000
$646,500 by Freedom Mortgage Corporation
Mortgage Due Oct 01, 2053
Sold Oct 19, 2020
$500,000
$475,000 by Primestone Mortgage
Mortgage Due Nov 01, 2050
24462 Preston Court has been categorized by the local assessors in Lake Elsinore, CA as a residential type of property. The building on the property was first built in 2018 and is 6 years old. However, we must point out that the home was most recently renovated and altered in 2019. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 24462 Preston Court has 3,254 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 3,484 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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 attached garage for those who require parking. The garage measured 580 sqft. According to our sources, there are a total of 2 available parking spaces. 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of tile. 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 24462 Preston Court was last sold in Mar 30, 2022 for $675,000. According to our calculations, that's $173.61 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Aug 31, 2020. Current property owners are expected to pay $12,295 in taxes per year. The property on 24462 Preston Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $688,500. To break that down further, the land itself was valued at $96,900. While improvements to the property were assessed at a total of $591,600. 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: 2018
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Condo
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 580
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,484
  • Total Building Area: 3,888
  • Gross Building Area: 3,888
  • Building Area: 3,254
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,254
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT MAP NO 36117
  • Land Acres: 0.08
  • Standard Land Use Code: Condominium unit (residential)
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: UNIT 134 CM 243/052 INT COMMON IN LOT 2-P OF TR 36117 MB 450/020

Ownership

  • Current Owner : PEDRO JOSE ANTONIO
  • Current Owner 2: GARCIA RUBELISSE QUINONES
  • Previous Owner : PATRICE WALLER
  • Owner Before Previous Owner: SMITH MARK
  • Owner Before Previous Owner 2: SMITH PAMELA WALTON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Lake Elsinore Unified School District
  • Census Tract: 042748

Zoning

  • Zoning: RR

Geography

  • Subdivision Tract Number: 36117
  • Parcel: 363-932-013
  • Lot: 2-P
  • Municipality: LAKE ELSINORE
  • Latitude: 33.6677
  • Longitude: -117.268

    Address

  • Full Address: 24462 Preston Ct
  • Address - House Number: 24462
  • Address - Street Name: Preston
  • Address - Suffix Type: Ct
  • State: CA
  • City Name: Lake Elsinore
  • Carrier Code: R017
  • 4-Digit Zip Code: 2747
  • Zip Code: 92532

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,295
  • Tax Rate Code Area: 005-052

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 76
  • Final Value: 692,199
  • High Value: 817,851
  • Low Value: 566,546

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $646,500
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Sep 26, 2023
  • First Open Lien Mortgage Loan Amount: $646,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $561,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $688,500
  • Assessed Land Value: $96,900
  • Assessed Improvements Value: $591,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Apr 26, 2022
  • Current Sale Transaction ID: 11886012603
  • Current Sale Price: $675,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 194395
  • Previous Sale Recording Date: Oct 19, 2020
  • Previous Sale Contract Date: Aug 31, 2020
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST LENDING SOLUTIONS
  • First Mortgage Transaction Date: Apr 26, 2022
  • First Mortgage Loan Amount: $525,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: May 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PRIMESTONE MORTGAGE
  • Previous Mortgage Transaction Date: Oct 19, 2020
  • Previous Mortgage Loan Amount: $475,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 24462 Preston Court located in?
The 24462 Preston Court is a house located in the neighborhood of Lake Elsinore Hills District in Lake Elsinore Hills District, Lake Elsinore.
What is the average sales price for listings in 24462 Preston Court?
The average sales price for units in 24462 Preston Court is $0 currently.

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