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851 Rainwater Lane

851 Rainwater Lane, Walnut, CA 91789
Property in Walnut
Sold Oct 08, 2020
$950,000
$658,000 by Jtl Business Group Inc
Mortgage Due Dec 01, 2051
Sold Jun 19, 2013
$630,000
Local assessors in Walnut, CA have categorized 851 Rainwater Lane as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 10,100 square feet. The linear feet between the front and back of the lot was measured at 1,310 ft and the front of the lot was measured at 770 ft. 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. If we look only at the heated or air conditioned part of the building, then 851 Rainwater Lane has a total of 2,199 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. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - C. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 851 Rainwater Lane sold most recently in Sep 14, 2020 for a total of $950,000. If you work out the math, that's approximately a cost of $432.01 per sqft. Before that, the property was also sold for $630,000 in Jun 11, 2013. 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 $12,069 in taxes each year. 851 Rainwater Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $988,379. If we break it down further, the land itself was valued at $604,992. Improvements to the property, however, were assessed at a total of $383,387. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,100
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 770
  • Total Building Area: 2,199
  • Building Area: 2,199
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,199
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 41685
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TR=41685 LOT/SEC 5

Ownership

  • Current Owner : IDAHO ACA KAI
  • Current Owner 2: WANG CHUNJIAO
  • Previous Owner : JIA GANG
  • Previous Owner 2: LIU LILI
  • Owner Before Previous Owner: WILLIAMS THEODORE
  • Owner Before Previous Owner 2: WILLIAMS COLLEEN T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Walnut Valley Unified School District
  • Census Tract: 403403

Zoning

  • Zoning: WARPD16800

Geography

  • Assessors Map Reference: 93-D5
  • Subdivision Tract Number: 41685
  • Parcel: 8709-067-005
  • Lot: 5
  • Municipality: EAST /WALNUT
  • Latitude: 34.0354
  • Longitude: -117.836

    Address

  • Full Address: 851 Rainwater Ln
  • Address - House Number: 851
  • Address - Street Name: Rainwater
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Walnut
  • Carrier Code: C024
  • 4-Digit Zip Code: 1426
  • Zip Code: 91789

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,069
  • Tax Rate Code Area: 08-564

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 71
  • Final Value: 1,307,468
  • High Value: 1,584,254
  • Low Value: 1,030,682

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $658,000
  • First Open Lien Mortgage Lender: JTL BUSINESS GROUP INC
  • First Open Lien Mortgage Recording Date: Nov 08, 2021
  • First Open Lien Mortgage Loan Amount: $658,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $988,379
  • Assessed Land Value: $604,992
  • Assessed Improvements Value: $383,387

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Transaction ID: 11790700747
  • Current Sale Price: $950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20-1248268
  • Previous Sale Recording Date: Jun 19, 2013
  • Previous Sale Contract Date: Jun 11, 2013
  • Previous Sale Amount: $630,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Oct 08, 2020
  • First Mortgage Loan Amount: $665,000
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Walnut



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206 Goldenrod Drive, Walnut, CA, 91789 Listing by Leah Duckworth

Frequently Asked Questions

What neighborhood is 851 Rainwater Lane located in?
The 851 Rainwater Lane is a located in the neighborhood of Walnut in Walnut, Walnut.
What is the average sales price for listings in 851 Rainwater Lane?
The average sales price for units in 851 Rainwater Lane is $0 currently.

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