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40890 Cebu Drive

40890 Cebu Drive, Temecula, CA 92591
Property in Riverside
Sold Aug 08, 2016
$430,000
Sold Oct 09, 2003
$358,500
$286,500 by Shea Mortgage Inc
Mortgage Due Nov 01, 2033
Local assessors in Temecula, CA have categorized 40890 Cebu Drive as a residential type of property. The home was built in 2003 and is 21 years old. It was most recently renovated and altered in 2004. The property's lot size has been calculated to be 10,454 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, 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 are 3 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 40890 Cebu Drive has a total of 2,983 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 485 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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. 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, 40890 Cebu Drive was last sold in Jun 30, 2016 for $430,000. According to our calculations, that's $121.92 per sqft. Prior to that sales transaction, the property was sold for $358,500 in Oct 3, 2003. Current property owners are expected to pay $7,076 in taxes per year. The property on 40890 Cebu Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $479,670. To break that down further, the land itself was valued at $111,550. While improvements to the property were assessed at a total of $368,120. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 485
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,527
  • Gross Building Area: 3,527
  • Building Area: 2,983
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,983
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: .24 ACRES M/L IN LOT 47 MB 320/079 TR 23209

Ownership

  • Current Owner : MEHRI SHAHRAM
  • Previous Owner : HENEGAR BRAD D
  • Previous Owner 2: HENEGAR SUSAN E
  • Owner Before Previous Owner: SHEA HOMES LP
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Temecula Valley Unified School District
  • Census Tract: 043267

Geography

  • Subdivision Tract Number: 23209
  • Parcel: 957-580-016
  • Lot: 47
  • Municipality: TEMECULA
  • Latitude: 33.5262
  • Longitude: -117.103

    Address

  • Full Address: 40890 Cebu Dr
  • Address - House Number: 40890
  • Address - Street Name: Cebu
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Temecula
  • Carrier Code: R061
  • 4-Digit Zip Code: 2131
  • Zip Code: 92591

Valuation

    Tax

  • Total Area: 3,042
  • Tax Year: 2023
  • Tax Amount: $7,076
  • Tax Rate Code Area: 013-109

    Appraisal Valuation

  • Standard Deviation: 0.1744
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 77
  • Final Value: 762,005
  • High Value: 894,947
  • Low Value: 629,063

    Market Valuation

  • Market Total Value: $635,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $479,670
  • Assessed Land Value: $111,550
  • Assessed Improvements Value: $368,120

    Sales

  • Current Sale Contract Date: Jun 30, 2016
  • Current Sale Recording Date: Aug 08, 2016
  • Current Sale Transaction ID: 1689180340
  • Current Sale Price: $430,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016-0336140
  • Previous Sale Recording Date: Oct 09, 2003
  • Previous Sale Contract Date: Oct 03, 2003
  • Previous Sale Amount: $358,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROYAL PACIFIC FUNDING CORP
  • First Mortgage Transaction Date: Aug 08, 2016
  • First Mortgage Loan Amount: $322,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: SHEA MORTGAGE INC
  • Previous Mortgage Transaction Date: Oct 09, 2003
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $286,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2033

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Frequently Asked Questions

What neighborhood is 40890 Cebu Drive located in?
The 40890 Cebu Drive is a located in the neighborhood of Riverside in Temecula, Temecula.
What is the average sales price for listings in 40890 Cebu Drive?
The average sales price for units in 40890 Cebu Drive is $0 currently.

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