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40568 Village Drive

40568 Village Drive, Big Bear Lake, CA 92315
Property in San Bernardino
40568 Village Drive in Big Bear Lake, CA was first built in 1980 and is 44 years old. This has been categorized as a commercial property type. In total, the area measurement of the land is 23,656 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. 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 B. 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, 40568 Village Drive sold most recently in Apr 3, 2019 for a total of $850,000. If you work out the math, that's approximately a cost of $159.77 per sqft. Before that, the property was also sold for $1,550,000 in Aug 9, 2016. 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 $22,700 in taxes each year. The initial year of tax delinquency occurred in 2020. 40568 Village Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,636,685. If we break it down further, the land itself was valued at $557,652. Improvements to the property, however, were assessed at a total of $1,079,033. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 23,656
  • Total Building Area: 5,320
  • Gross Building Area: 5,320
  • Building Area: 5,320
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Commercial
  • Subdivision: BIG BEAR CENTRAL PARK
  • Land Acres: 0.543
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: PTN SE 1/4 SEC 19 TP 2N R 1E COM SW COR LOT 88 TR NO 2820 TH S 89 DEG 20 MIN E 101 FT TH CONT ALG S LI SD LOT 48 FT TH S 197.29 FT TO PT ON NELY LI 40 FT WIDE BIG BEAR BLVD SD PT LYING ON A CURVE CONCAVE TO SW WHOSE RADIUS IS 1657.10 FT AND WHOSE INI

Ownership

  • Current Owner : SOLOMON GERALD I
  • Current Owner 2: GERLAD I SOLOMON SEPARATE PROPERTY TRUST
  • Previous Owner : SCOTT ELLIOT A
  • Owner Before Previous Owner: SMITH GARY D
  • Owner Before Previous Owner 2: SMITH SUZANNE S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bear Valley Unified School District
  • Census Tract: 011205

Geography

  • Assessors Map Reference: 98-B5
  • District: 15
  • Subdivision Tract Number: 2820
  • Parcel: 0308-144-17-0000
  • Lot: 88
  • Meridian: SEC 19 TWP 2N RNG 1E
  • Municipality: BIG BEAR
  • Latitude: 34.2415
  • Longitude: -116.917

    Address

  • Full Address: 40568 Village Dr
  • Address - House Number: 40568
  • Address - Street Name: Village
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Big Bear Lake
  • Carrier Code: R777
  • 4-Digit Zip Code: 2163
  • Zip Code: 92315

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,700
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 017-018

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: CALPRIVATE BANK
  • First Open Lien Mortgage Recording Date: Apr 08, 2019
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,636,685
  • Assessed Land Value: $557,652
  • Assessed Improvements Value: $1,079,033

    Sales

  • Current Sale Contract Date: Apr 03, 2019
  • Current Sale Recording Date: Apr 08, 2019
  • Current Sale Transaction ID: 11596620423
  • Current Sale Price: $850,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019-0107520
  • Previous Sale Recording Date: Aug 24, 2016
  • Previous Sale Contract Date: Aug 09, 2016
  • Previous Sale Amount: $1,550,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALPRIVATE BANK
  • First Mortgage Transaction Date: Apr 08, 2019
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Big Bear Lake



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$1,950 /mo

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560 Edgemoor #5, Big Bear Lake, CA, 92315 Listing by Thomas Kadar

Frequently Asked Questions

What neighborhood is 40568 Village Drive located in?
The 40568 Village Drive is a located in the neighborhood of San Bernardino in Big Bear Lake, Big Bear Lake.
What is the average sales price for listings in 40568 Village Drive?
The average sales price for units in 40568 Village Drive is $0 currently.

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