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8671 Festival Street

8671 Festival Street, Chino, CA 91708
Property in San Bernardino
Sold Oct 31, 2018
$509,500
$331,168 by Cathay Bank
Mortgage Due Nov 01, 2048
8671 Festival Street in Chino, CA was first built in 2018 and is 6 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a modern style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 8671 Festival Street has 1,961 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1 square feet.

Learn more about the property and building on this page. There is a porch. The roof of the home is made of tile. 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. For those who need parking, there is a attached garage. The garage is 445 sqft. There are a total of 2 available parking spaces. 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 frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 8671 Festival Street was last sold in Sep 18, 2018 for $509,500. According to our calculations, that's $211.76 per sqft. Current property owners are expected to pay $9,939 in taxes per year. The property on 8671 Festival Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $535,565. To break that down further, the land itself was valued at $183,956. While improvements to the property were assessed at a total of $351,609. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. 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!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: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Modern
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 445
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 1
  • Total Building Area: 2,406
  • Gross Building Area: 2,406
  • Building Area: 1,961
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,961
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.038
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 19949 LOT 1 UNIT 15 BOOK 347 PAGE 30 AND INTEREST IN COMMON AREA AS DESCRIBED IN CONDO PLAN 2017-0385718 MODULE 6

Ownership

  • Current Owner : ZHUANG HONG
  • Current Owner 2: XU XIAOQING
  • Previous Owner : LENNAR HOMES OF CALIFORNIA INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chino Valley Unified School District
  • Census Tract: 001907

Geography

  • Subdivision Tract Number: 19949
  • Parcel: 1055-583-10-0000
  • Lot: 1
  • Municipality: ONTARIO
  • Latitude: 33.9611
  • Longitude: -117.615

    Address

  • Full Address: 8671 Festival St
  • Address - House Number: 8671
  • Address - Street Name: Festival
  • Address - Suffix Type: St
  • State: CA
  • City Name: Chino
  • Carrier Code: R063
  • 4-Digit Zip Code: 8882
  • Zip Code: 91708

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,939
  • Tax Rate Code Area: 001-164

    Appraisal Valuation

  • Standard Deviation: 0.1894
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 75
  • Final Value: 669,049
  • High Value: 795,811
  • Low Value: 542,286

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $331,168
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Oct 31, 2018
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $331,168
  • 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: Nov 01, 2048

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $535,565
  • Assessed Land Value: $183,956
  • Assessed Improvements Value: $351,609

    Sales

  • Current Sale Contract Date: Sep 18, 2018
  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Transaction ID: 11528203489
  • Current Sale Price: $509,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2018-0398129

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Oct 31, 2018
  • First Mortgage Loan Amount: $331,168
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Nov 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 8671 Festival Street located in?
The 8671 Festival Street is a located in the neighborhood of San Bernardino in Chino, Chino.
What is the average sales price for listings in 8671 Festival Street?
The average sales price for units in 8671 Festival Street is $0 currently.

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