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40460 Reseda Springs Road

40460 Reseda Springs Road, Hemet, CA 92544
Property in Riverside
Sold Dec 06, 2021
Transfer
Seller
$837,000 by Pennymac Loan Services Llc
Mortgage Due Jan 01, 2052
Sold Dec 06, 2021
$837,000
$837,000 by Pennymac Loan Services Llc
Mortgage Due Jan 01, 2052
Local assessors in Hemet, CA have categorized 40460 Reseda Springs Road as a residential type of property. The home was built in 1989 and is 35 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 304,920 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 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 is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 40460 Reseda Springs Road has a total of 2,376 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 912 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. 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. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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. Before that, the property was also sold for $837,000 in Nov 9, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $9,680 in taxes each year. The initial year of tax delinquency occurred in 2022. 40460 Reseda Springs Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $853,740. If we break it down further, the land itself was valued at $76,500. Improvements to the property, however, were assessed at a total of $777,240. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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!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: 1989
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Contemporary
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 912
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 304,920
  • Total Building Area: 2,376
  • Gross Building Area: 2,376
  • Building Area: 2,376
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,376
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 7
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: 7.00 ACRES IN POR NE 1/4 OF SEC 35 T6S R1W FOR TOTAL DESCRIPTION SEE ASSESSORS MAPS

Ownership

  • Current Owner : REGAN CANDICE
  • Previous Owner : REGAN SHANE
  • Owner Before Previous Owner: MURRAY MICHAEL JOSEPH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • School District Name: Hemet Unified School District
  • Census Tract: 043293

Zoning

  • Zoning: RR

Geography

  • Parcel: 470-230-021
  • Meridian: SEC 35 TWN 06S RNG 01W
  • Municipality: HEMET UNIFIED
  • Latitude: 33.6106
  • Longitude: -116.951

    Address

  • Full Address: 40460 Reseda Springs Rd
  • Address - House Number: 40460
  • Address - Street Name: Reseda Springs
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Hemet
  • Carrier Code: R003
  • 4-Digit Zip Code: 8902
  • Zip Code: 92544

Valuation

    Tax

  • Total Area: 2,376
  • Tax Year: 2023
  • Tax Amount: $9,680
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 071-109

    Appraisal Valuation

  • Standard Deviation: 0.1684
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 875,423
  • High Value: 1,022,869
  • Low Value: 727,976

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $837,000
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Dec 06, 2021
  • First Open Lien Mortgage Loan Amount: $837,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $734,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $853,740
  • Assessed Land Value: $76,500
  • Assessed Improvements Value: $777,240

    Sales

  • Current Sale Contract Date: Dec 01, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11872937679
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2021-0717397
  • Previous Sale Recording Date: Dec 06, 2021
  • Previous Sale Contract Date: Nov 09, 2021
  • Previous Sale Amount: $837,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Dec 06, 2021
  • First Mortgage Loan Amount: $837,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • Previous Mortgage Transaction Date: Dec 06, 2021
  • Previous Mortgage Loan Amount: $837,000
  • Previous Mortgage Loan Due Date: Jan 01, 2052

About Riverside



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Frequently Asked Questions

What neighborhood is 40460 Reseda Springs Road located in?
The 40460 Reseda Springs Road is a located in the neighborhood of Riverside in Riverside, Hemet.
What is the average sales price for listings in 40460 Reseda Springs Road?
The average sales price for units in 40460 Reseda Springs Road is $0 currently.

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