Check Availability

2579 Palomino Drive

2579 Palomino Drive, Covina, CA 91724
Property in East Hills
Sold Mar 26, 2021
$3,710,000
2579 Palomino Drive in Covina, CA was first built in 1991 and is 33 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 5 full bathrooms. There are 5 partial bathrooms. 2579 Palomino Drive has 4,035 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,170 ft and the linear feet between the front and back of the lot is 5,480. In total, the area measurement of the land is 63,868 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2579 Palomino Drive sold most recently in Mar 17, 2021 for a total of $3,710,000. If you work out the math, that's approximately a cost of $919.45 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $13,439 in taxes each year. 2579 Palomino Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,090,559. If we break it down further, the land itself was valued at $560,728. Improvements to the property, however, were assessed at a total of $529,831. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 63,868
  • Lot Size Depth Feet: 5,480
  • Lot Size Frontage Feet: 1,170
  • Total Building Area: 4,035
  • Building Area: 4,035
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,035
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 41505
  • Land Acres: 1.466
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR=41505A LOT 5

Ownership

  • Current Owner : PRODUCER WAY BP LLC
  • Previous Owner : BROWN LYNN
  • Previous Owner 2: BROWN WARREN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Covina-Valley Unified School District
  • Census Tract: 403500

Zoning

  • Zoning: LCA1

Geography

  • Assessors Map Reference: 93-B2
  • Subdivision Tract Number: 41505A
  • Parcel: 8710-015-040
  • Lot: 5
  • Municipality: EAST /W. COVINA HILLS
  • Latitude: 34.0613
  • Longitude: -117.854

    Address

  • Full Address: 2579 Palomino Dr
  • Address - House Number: 2579
  • Address - Street Name: Palomino
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Covina
  • Carrier Code: C052
  • 4-Digit Zip Code: 3805
  • Zip Code: 91724

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,439
  • Tax Rate Code Area: 13-044

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,756,983
  • High Value: 2,162,183
  • Low Value: 1,351,783

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,090,559
  • Assessed Land Value: $560,728
  • Assessed Improvements Value: $529,831

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Transaction ID: 11827995802
  • Current Sale Price: $3,710,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0486889

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN BUSINESS BANK
  • First Mortgage Transaction Date: Mar 26, 2021
  • First Mortgage Loan Amount: $2,561,081
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About East Hills



Similar Buildings

Property at 2579 Palomino Drive,

1478 East Holt Avenue

  • 1 Unit for Sale
1478 East Holt Avenue, Covina, CA 91724
Property at 2579 Palomino Drive,

19778 East Golden Bough Drive

  • 1 Unit for Sale
19778 East Golden Bough Drive, Covina, CA 91724
Property at 2579 Palomino Drive,

20355 East Holt Avenue

  • 1 Unit for Sale
20355 East Holt Avenue, Covina, CA 91724
Property at 2579 Palomino Drive,

19742 Cameron Avenue

  • 1 Unit for Sale
19742 Cameron Avenue, Covina, CA 91724
Property at 2579 Palomino Drive,

3700 East Garvey Avenue South

  • 1 Unit for Sale
3700 East Garvey Avenue South, West Covina, CA 91791
Property at 2579 Palomino Drive,

3070 North Roycove Drive

  • 1 Unit for Sale
3070 North Roycove Drive, Covina, CA 91724
Property at 2579 Palomino Drive,

20430 East Covina Hills Road

  • 1 Unit for Sale
20430 East Covina Hills Road, Covina, CA 91724
Property at 2579 Palomino Drive,

19643 East Golden Bough Drive

  • 1 Unit for Sale
19643 East Golden Bough Drive, Covina, CA 91724
Property at 2579 Palomino Drive,

1059 Holiday Drive

  • 1 Unit for Sale
1059 Holiday Drive, West Covina, CA 91791

Nearby Rentals

Unit for rent at 1764 Paseo Verano, San Dimas, CA, 91773

$4,800 /mo

  • 5 Beds
  • 3 Baths
  • 2,662 ft²
1764 Paseo Verano, San Dimas, CA, 91773 Listing by Irma Maturino
Unit for rent at 20835 Apache Way, Walnut, CA, 91789

$4,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,614 ft²
20835 Apache Way, Walnut, CA, 91789 Listing by Simon Dong

Frequently Asked Questions

What neighborhood is 2579 Palomino Drive located in?
The 2579 Palomino Drive is a located in the neighborhood of East Hills in East Hills, Covina.
What is the average sales price for listings in 2579 Palomino Drive?
The average sales price for units in 2579 Palomino Drive is $0 currently.

Quantcast