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58 Magnolia

58 Magnolia, Lake Forest, CA 92630
Sold Aug 09, 2017
$1,179,500
Buyer
$530,000 by Ctbc Bank Corp Usa
Mortgage Due Sep 01, 2047
Local assessors in Lake Forest, CA have categorized 58 Magnolia as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 8,206 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, 5 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 4 full bathrooms. There are also 5 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 58 Magnolia has a total of 2,907 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 470 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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, 58 Magnolia sold most recently in Jul 27, 2017 for a total of $1,179,500. If you work out the math, that's approximately a cost of $405.74 per sqft. 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 $13,566 in taxes each year. The initial year of tax delinquency occurred in 2023. 58 Magnolia was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,289,932. If we break it down further, the land itself was valued at $679,989. Improvements to the property, however, were assessed at a total of $609,943. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 470
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,206
  • Total Building Area: 2,907
  • Building Area: 2,907
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,907
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE TRAILS AT BAKER RANCH
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 17540 BLK LOT 25

Ownership

  • Current Owner : DENG WEI
  • Previous Owner : TOLL CA VII LP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Saddleback Valley Unified School District
  • Census Tract: 052422

Geography

  • Subdivision Tract Number: 17540
  • Parcel: 610-651-25
  • Lot: 25
  • Latitude: 33.6746
  • Longitude: -117.685

    Address

  • Full Address: 58 Magnolia
  • Address - House Number: 58
  • Address - Street Name: Magnolia
  • State: CA
  • City Name: Lake Forest
  • Carrier Code: C064
  • 4-Digit Zip Code: 1458
  • Zip Code: 92630

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,566
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 30-180

    Appraisal Valuation

  • Standard Deviation: 0.206
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 1,959,281
  • High Value: 2,362,962
  • Low Value: 1,555,600

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $530,000
  • First Open Lien Mortgage Lender: CTBC BANK CORP USA
  • First Open Lien Mortgage Recording Date: Aug 09, 2017
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $530,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,289,932
  • Assessed Land Value: $679,989
  • Assessed Improvements Value: $609,943

    Sales

  • Current Sale Contract Date: Jul 27, 2017
  • Current Sale Recording Date: Aug 09, 2017
  • Current Sale Transaction ID: 1732096905
  • Current Sale Price: $1,179,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017000336346

    Last Sale Mortgage

  • First Mortgage Lender: CTBC BANK CORP USA
  • First Mortgage Transaction Date: Aug 09, 2017
  • First Mortgage Loan Amount: $530,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 58 Magnolia located in?
The 58 Magnolia is a located in the neighborhood of Orange County Great Park in Orange County Great Park, Lake Forest.
What is the average sales price for listings in 58 Magnolia?
The average sales price for units in 58 Magnolia is $0 currently.

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