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40245 Balboa Drive

40245 Balboa Drive, Temecula, CA 92591
Property in Harveston
Sold May 31, 2005
$473,500
$303,912 by Home Point Financial Corp
Mortgage Due Sep 01, 2046
40245 Balboa Drive has been categorized by the local assessors in Temecula, 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 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 40245 Balboa Drive has 1,991 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 3,485 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 detached garage for those who require parking. The garage measured 427 sqft. According to our sources, there are a total of 2 available parking spaces. Love to swim? You'll be excited to find out that there is a pool on the property. 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. 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. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Apr 22, 2005 for $473,500. That's $213.38 per sqft. 40245 Balboa Drive was last assessed in 2023. The total value of the property was assessed at $647,056. Specifically, the land the property is located on was valued at $241,150. While improvements on the property were assessed at a total of $405,906. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $8,804. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

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: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 427
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 3,485
  • Total Building Area: 2,219
  • Gross Building Area: 2,219
  • Building Area: 1,991
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,991
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .08 ACRES M/L IN LOT 7 MB 355/060 TR 30669

Ownership

  • Current Owner : HANKE RUSSELL
  • Current Owner 2: HANKE LYNN
  • Previous Owner : U S HOME CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Temecula Valley Unified School District
  • Census Tract: 049600

Geography

  • Subdivision Tract Number: 30669
  • Parcel: 916-510-007
  • Lot: 7
  • Municipality: TEMECULA
  • Latitude: 33.5365
  • Longitude: -117.159

    Address

  • Full Address: 40245 Balboa Dr
  • Address - House Number: 40245
  • Address - Street Name: Balboa
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Temecula
  • Carrier Code: C031
  • 4-Digit Zip Code: 7513
  • Zip Code: 92591

Valuation

    Tax

  • Total Area: 1,991
  • Tax Year: 2023
  • Tax Amount: $8,804
  • Tax Rate Code Area: 013-004

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 80
  • Final Value: 728,058
  • High Value: 844,503
  • Low Value: 611,614

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $303,912
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Aug 29, 2016
  • First Open Lien Mortgage Loan Amount: $303,912
  • 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: Sep 01, 2046

    Market Valuation

  • Market Total Value: $575,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,056
  • Assessed Land Value: $241,150
  • Assessed Improvements Value: $405,906

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 22, 2005
  • Current Sale Recording Date: May 31, 2005
  • Current Sale Transaction ID: 1043810082
  • Current Sale Price: $473,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2005-0433532

    Last Sale Mortgage

  • First Mortgage Lender: CALIFORNIA EMPIRE FINANCIAL GR
  • First Mortgage Transaction Date: May 31, 2005
  • First Mortgage Loan Amount: $188,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Jun 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 40245 Balboa Drive located in?
The 40245 Balboa Drive is a located in the neighborhood of Harveston in Harveston, Temecula.
What is the average sales price for listings in 40245 Balboa Drive?
The average sales price for units in 40245 Balboa Drive is $0 currently.

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