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29148 Ocotillo Drive

29148 Ocotillo Drive, Lake Elsinore, CA 92530
Sold Jul 12, 2021
$530,000
$485,601 by Finance Of America Mortgage Ll
Mortgage Due Aug 01, 2051
Sold Jan 22, 2010
$195,000
$191,468 by Sierra Pacific Mortgage Compan
Mortgage Due Feb 01, 2040
29148 Ocotillo Drive 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 2004 and is 20 years old. However, we must point out that the home was most recently renovated and altered in 2005. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 29148 Ocotillo Drive has 1,771 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 12,632 square feet.

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 426 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 C 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 and being fueled with gas. 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, 29148 Ocotillo Drive was last sold in Jun 16, 2021 for $530,000. According to our calculations, that's $236.61 per sqft. Prior to that sales transaction, the property was sold for $195,000 in Jan 11, 2010. Current property owners are expected to pay $6,516 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 29148 Ocotillo Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $540,600. To break that down further, the land itself was valued at $112,200. While improvements to the property were assessed at a total of $428,400. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 426
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,240
  • Gross Building Area: 2,240
  • Building Area: 1,771
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,771
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 30788
  • Land Acres: 0.29
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .29 ACRES M/L IN LOT 40 MB 338/033 TR 30788

Ownership

  • Current Owner : RICHARDSON CHARLIE M
  • Current Owner 2: RICHARDSON YEN HOANG
  • Previous Owner : MCCROSSIN STUART
  • Previous Owner 2: MCCROSSIN ROSALIE
  • Owner Before Previous Owner: PHOENIX REALTY INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lake Elsinore Unified School District
  • Census Tract: 043008

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 30788
  • Parcel: 394-300-040
  • Lot: 40
  • Municipality: LAKE ELSINORE
  • Latitude: 33.6903
  • Longitude: -117.397

    Address

  • Full Address: 29148 Ocotillo Dr
  • Address - House Number: 29148
  • Address - Street Name: Ocotillo
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Lake Elsinore
  • Carrier Code: C012
  • 4-Digit Zip Code: 7244
  • Zip Code: 92530

Valuation

    Tax

  • Total Area: 1,771
  • Tax Year: 2023
  • Tax Amount: $6,516
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 005-062

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 73
  • Final Value: 631,443
  • High Value: 755,235
  • Low Value: 507,652

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $485,601
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $485,601
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $467,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $540,600
  • Assessed Land Value: $112,200
  • Assessed Improvements Value: $428,400

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Transaction ID: 11842809103
  • Current Sale Price: $530,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0417316
  • Previous Sale Recording Date: Jan 22, 2010
  • Previous Sale Contract Date: Jan 11, 2010
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Jul 12, 2021
  • First Mortgage Loan Amount: $485,601
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SIERRA PACIFIC MORTGAGE COMPAN
  • Previous Mortgage Transaction Date: Jan 22, 2010
  • Previous Mortgage Loan Amount: $191,468
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2040

About Lake View District



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Frequently Asked Questions

What neighborhood is 29148 Ocotillo Drive located in?
The 29148 Ocotillo Drive is a house located in the neighborhood of Lake View District in Lake View District, Lake Elsinore.
What is the average sales price for listings in 29148 Ocotillo Drive?
The average sales price for units in 29148 Ocotillo Drive is $0 currently.

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