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29220 Gateway Drive

29220 Gateway Drive, Lake Elsinore, CA 92530
Sold Jan 13, 2021
$615,000
$315,000 by Axia Financial Llc
Mortgage Due Feb 01, 2051
Sold May 31, 2016
$425,000
Local assessors in Lake Elsinore, CA have categorized 29220 Gateway Drive as a residential type of property. The home was built in 2009 and is 15 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 20,473 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 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 29220 Gateway Drive has a total of 2,595 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 water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 702 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 wood 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 and it is being fueled with gas. 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. According to our sources, 29220 Gateway Drive sold most recently in Dec 7, 2020 for a total of $615,000. If you work out the math, that's approximately a cost of $186.53 per sqft. Before that, the property was also sold for $425,000 in May 12, 2016. 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 $7,204 in taxes each year. The initial year of tax delinquency occurred in 2022. 29220 Gateway Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $639,846. If we break it down further, the land itself was valued at $114,444. Improvements to the property, however, were assessed at a total of $525,402. 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.

Building Features

Exterior

Stucco Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 702
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 20,473
  • Total Building Area: 3,297
  • Gross Building Area: 3,297
  • Building Area: 2,595
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,595
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 32337 2
  • Land Acres: 0.47
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .47 ACRES M/L IN LOT 41 MB 417/065 TR 32337-2

Ownership

  • Current Owner : FRUTOS JOSE LUIS
  • Previous Owner : CLEMENTS FRED
  • Previous Owner 2: CLEMENTS DINA
  • Owner Before Previous Owner: YAP EDUARDO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: M3

Geography

  • Subdivision Tract Number: 32337-2
  • Parcel: 394-191-001
  • Lot: 41
  • Municipality: LAKE ELSINORE
  • Latitude: 33.6928
  • Longitude: -117.414

    Address

  • Full Address: 29220 Gateway Dr
  • Address - House Number: 29220
  • Address - Street Name: Gateway
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Lake Elsinore
  • Carrier Code: C005
  • 4-Digit Zip Code: 7275
  • Zip Code: 92530

Valuation

    Tax

  • Total Area: 2,595
  • Tax Year: 2023
  • Tax Amount: $7,204
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 005-084

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 79
  • Final Value: 778,139
  • High Value: 906,556
  • Low Value: 649,723

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,000
  • First Open Lien Mortgage Lender: AXIA FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: Jan 13, 2021
  • First Open Lien Mortgage Loan Amount: $315,000
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $542,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $639,846
  • Assessed Land Value: $114,444
  • Assessed Improvements Value: $525,402

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Jan 13, 2021
  • Current Sale Transaction ID: 11813611571
  • Current Sale Price: $615,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0021453
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Contract Date: May 12, 2016
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: AXIA FINANCIAL LLC
  • First Mortgage Transaction Date: Jan 13, 2021
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

About Lake View District



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Frequently Asked Questions

What neighborhood is 29220 Gateway Drive located in?
The 29220 Gateway 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 29220 Gateway Drive?
The average sales price for units in 29220 Gateway Drive is $0 currently.

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