Current Value Assessment
PREPARED EXCLUSIVELY FOR:
Sandy --
The following is a Current Value Assessment of your home based on current market conditions, comparable homes in Lake Hills, what I believe your home could sell for if my marketing strategy were implemented, and a little info about me and my team.
The next page is your Tax Record followed by the comparables I used in this analysis to come up with my assessment followed by what the Top 4 real estate websites have your home estimated at. 949-294-2506
TAX RECORD
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Original
Original
Lien
THE COMPARATIVE MARKET ANALYSIS
No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That's where the Comparative Market Analysis, or CMA, is most useful.
What is a CMA?
The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data such as type of home, number of bedrooms, number of baths, lot size, neighborhood, property condition and features, and many other factors. The purpose is to show estimated market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.
How is the CMA created?
CMAs are generated by using property information from your real estate agent's Multiple Listing Service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service's public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer's agents create them for their buyers so both sides know what current market conditions are for the homes they're interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing — new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge and skill of the person creating the CMA as well as the number and type of data fields that are chosen.
How can CMAs vary?
CMAs can vary widely, depending on the knowledge and expertise of the person inputting the search parameters. They also may vary between identical homes in that one property may simply offer better “curb appeal” or is in better condition that the other. Lastly, buyer and seller motivation can’t be quantified. It is typically impossible to say why a seller agreed to take less for their home or why a buyer paid more for another home. Family problems, corporate relocations and other reasons all play a role. What you can learn from the CMA is how long a home took to sell. If it was quick, the seller was highly motivated. If it didn’t, it was probably overpriced.
THE COMPARATIVE MARKET ANALYSIS
Is a CMA the same as an Appraisal?
No. Although the CMA is used to help determine current market value, it does not establish the seller's home value. A bank appraisal, on the other hand, is a professional determination of a home's value. The appraisal is completed by a licensed Appraiser, using guidelines established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac. An appraisal is a comprehensive look at a home's location, condition, and eligibility for federal guarantees. For example, a home that doesn't meet safety requirements such as handrails on steps will not be eligible for FHA or VA loans until the handrail is installed or repaired. Appraisers use the same data in their market research to find comparable homes as real estate agents. While they are also members of the MLS, they also have additional guidelines from the bank to follow that minimize risk to the bank. They will take into consideration — and can adjust values to reflect — the speed of the market and whether prices are rising or falling. When the appraisal is finished, the bank makes the decision to fund the loan, or it may require the seller to fix certain items and show proof that the repairs have been made before letting the loan proceed. If the loan doesn't meet lending guidelines, the bank will decline the loan.
And is my home worth what the Internet says?
In short — maybe? Many homeowners like to visit sites like Zillow, REDFIN, etc., to see what their home is worth. What they fail to understand is that most of those sites have an 8% - 12% margin of error which means a home worth $400,000 could be worth anywhere between $360,000 and $440,000 and that’s if we only use a 10% margin of error. That is quite the large window!
Estimating a home’s market value is far from an exact science. These sites contract with major title companies to obtain county tax roll data which they combine with data obtained from the MLS, push it through their algorithm and bingo! You have your “Zestimate”!!
On February 29, 2016, then Zillow CEO Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.75 million shown on its property page a day later.
YOUR COMPARATIVE MARKET ANALYSIS
Comparative Market Analysis
Chris Taylor
Keller Williams Luxury International
Map of Comparable Listings
Summary of Comparable Properties
P PENDING LISTINGS
B BACKUP OFFER LISTINGS
S SOLD LISTINGS
Analysis
Chris Taylor
Keller Williams Luxury International
Comparable homes sold for an average of $333 / sq. ft. Many factors such as location, use of space, condition, quality, and amenities determine the market value per square foot, so reviewing each comp carefully is important.
Listings
Chris Taylor
Keller Williams Luxury International
Riverside, CA 92503
MLS
$745,000 4 Beds 3.00 Baths 2,627.0 Sq. Ft. ($284 / sqft)
PENDING 3/4/25
Details
Prop Type: Single Family
Residence
County: Riverside
Area: 252 - Riverside
Full baths: 3.0
Acres: 0.35
Features
Association Name: Lake Hills HOA
Association Y N: Yes
Attached Garage Y/N: Y
Community Features: Biking, Curbs, Foothills, Hiking, Park, Sidewalks, Storm Drains, Street Lights
Contract Status Change
Date: 2025-03-04T00:00:00
Lot Size (sqft): 15,246
Garages: 3
List date: 7/17/24
Pending date: 3/4/25
Off-market date: 3/4/25
Year Built 1987 Days on market: 206
Updated: Mar 4, 2025 1:14 PM
List Price: $745,000
Orig list price: $765,000
Assoc Fee: $109
School District: Alvord
Unified
High: Hillcrest
Middle: Villegas
Elementary: Lake Hills
Cooling: Central Air
Elevation Units: Feet
Heating: Central
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash To New Loan
Lot Features: 0-1 Unit/Acre
Main Level Bedrooms: 1
Parking Total: 3
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Room Type: Den, Family Room, Kitchen, Laundry
Senior Community Yes/No: No
Sewer: Public Sewer
Special Listing Conditions: Standard
View: Hills, Peek-A-Boo
Water Source: Public
Year Built Source: Assessor Zoning: R-1
Remarks
PRICE REDUCED! Discover this charming 4-bedroom, 3-bath home in the highly desirable Lake Hills neighborhood. Boasting breathtaking front yard views and low HOA fees, this home offers a spacious layout designed for comfortable living and entertaining. The versatile den can easily be transformed into a fifth bedroom with a simple addition of a closet. Located in a community known for its excellent schools and welcoming atmosphere, this is your chance to own a gem! Recently appraised at $800,000, this home is an absolute steal at its current price. Dont waitschedule your showing today!
Courtesy of FMichael Clark, Broker Information is deemed reliable but not guaranteed.
Chris Taylor
$745,000 Baths
PENDING 3/4/25
16286 Sun Summit Drive
Riverside, CA 92503
MLS
$944,700 5 Beds 4.00 Baths 2,705.0 Sq. Ft. ($349 / sqft)
ACTIVE UNDER CONTRACT 11/18/24
Details
Prop Type: Single Family Residence
County: Riverside
Area: 252 - Riverside
Full baths: 3.0
Features
Association Name: Lake Hills
Association Y N: Yes
Attached Garage Y/N: Y
Community Features: Foothills, Sidewalks
Construction Materials: Stucco
Contract Status Change
Date: 2024-11-18T00:00:00
Cooling: Central Air
Elevation Units: Feet
Flooring: Carpet, Tile
Half baths: 1.0
Acres: 0.3
Lot Size (sqft): 13,068 Garages: 3
Heating: Central, Fireplace(s), Forced Air
Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash, Cash To New Loan, Conventional
Year Built 1995 Days on market: 124
List date: 10/25/24
Backup Offer date: 11/18/24
Updated: Feb 26, 2025 3:59 AM
List Price: $944,700
Orig list price: $979,000
Assoc Fee: $108
School District: Riverside Unified
Lot Features: Landscaped, Lot 10000-19999 Sqft, Walkstreet
Main Level Bedrooms: 1
Parking Total: 3
Pool Features: Private, In Ground
Pool Private Y N: Yes
Property Attached Yes/No: No
Roof: Tile
Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open to Family Room, Remodeled Kitchen, Walk-In Pantry
Room Type: Bonus Room, Den, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: Private, In
Ground
Special Listing Conditions:
Standard
Remarks
Utilities: Cable Available
View: Bluff, Canyon, City Lights, Hills, Mountain(s), Panoramic
Virtual Tour: View
Water Source: Public
Window Features: Blinds
Year Built Source: Assessor Zoning: R-1
Welcome to your dream home! This luxurious 5-bedroom retreat sits on a sprawling lot, offering panoramic city and mountain views that will take your breath away. Inside, you'll find soaring high ceilings, newer carpet, and a remodeled kitchen featuring sleek granite counters, Euro white cabinetry, stainless steel appliances, and double ovens, perfect for the home chef! The separate living and formal dining rooms create an inviting space for gatherings, while the spacious primary suite is your private sanctuary. The bathroom boasts double vanity sinks, a separate tub, and a walk-in shower for ultimate relaxation. Another great feature, A versatile "man cave" with its own sink and cabinets, perfect as a game room or separate living quarters! Step outside to your own private paradise, where a sparkling pool and spa await, set against a backdrop of city lights and mountain vistas. Whether you're relaxing in the pool or hosting an evening under the stars, this home is a rare gem that has it all.
Courtesy of POWER 1 PROPERTIES
Information is deemed reliable but not guaranteed.
16295 Sun Summit Drive
Riverside, CA 92503
MLS
$825,000 4 Beds 4.00 Baths 2,705.0 Sq. Ft. ($305 / sqft)
CLOSED 1/23/25
Details
Prop Type: Single Family Residence
County: Riverside
Area: 252 - Riverside
Full baths: 3.0
Features
Association Name: Lake Hills Maintenance Corp
Association Y N: Yes
Attached Garage Y/N: Y
Community Features: Park, Sidewalks
Contract Status Change
Date: 2025-01-23T00:00:00
Cooling: Central Air
Elevation Units: Feet
Heating: Central
Year Built 1995 Days on market: 154
3/4 Baths: 1.0
Acres: 0.19
Lot Size (sqft): 8,276 Garages: 3
List date: 7/9/24
Sold date: 1/23/25
Off-market date: 12/16/24
Updated: Jan 25, 2025 5:23 AM
List Price: $850,000
Orig list price: $880,000
Assoc Fee: $109
School District: Alvord Unified
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash, Cash To New Loan
Lot Features: Back Yard, Corner Lot, Front Yard, Lot 6500-9999, Park Nearby, Sprinklers In Front Parking Total: 3
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Kitchen Features: Granite Counters, Kitchen Open to Family Room
Room Type: All Bedrooms Up, Bonus Room, Family Room, Laundry, Living Room
Senior Community Yes/No: No
Sewer: Public Sewer
Special Listing Conditions: Standard, Trust
View: City Lights, Mountain(s), Neighborhood, Panoramic
Water Source: Public
Year Built Source: Assessor Zoning: R-1
Remarks
BACK ON THE MARKET with upgraded new flooring on stairs and all upstair rooms and hallway, also new epoxy flooring in the garage. VIEW, VIEW, VIEW. Not all homes on Lake Hills are the same and this one is definitely one of the best view. This is an end unit with full view of the city lights from the back yard, side yard, kitchen, living room, dining room and master bedroom. The view is absolutely breathtaking. Upper level consists of the master suite, junior suite with it's own bathroom, two more spacious bedroom sharing one bathroom and the laundry room. Beautiful double door entrance that leads to a vaulted ceiling living and dining room. Open kitchen with center island that faces the family room. An office/den which can be use as another bedroom. Three cars attached garages. With the huge price reduction and upgrades, this is a dream home that one should not miss.
Courtesy of BLUE DIAMOND HOME REALTY, INC. Information is deemed reliable but not guaranteed.
Chris Taylor
16478 Sun Summit Drive
Riverside, CA 92503
$830,000 4 Beds 3.00 Baths 2,626.0 Sq. Ft. ($316 / sqft)
CLOSED 2/5/25
Details
Prop Type: Single Family Residence
County: Riverside
Area: 252 - Riverside
Full baths: 3.0
Features
Association Name: Lake Hills Reserve
Association Y N: Yes
Attached Garage Y/N: Y
Community Features: Curbs, Sidewalks
Contract Status Change
Date: 2025-02-05T00:00:00
Cooling: Central Air
Elevation Units: Feet
Flooring: Carpet, Tile
Acres: 0.26
Lot Size (sqft): 11,326
Garages: 3
List date: 1/1/25
Heating: Central
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash, Conventional
Lot Features: Front Yard, Lawn, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear, Yard
Main Level Bedrooms: 1
Parking Total: 3
Year Built 1996 Days on market: 8
Sold date: 2/5/25
Off-market date: 1/9/25
Updated: Feb 5, 2025 4:37 AM
List Price: $845,000
Orig list price: $845,000
Assoc Fee: $109
School District: Riverside Unified
Pool Features: None
Pool Private Y N: No
Property Attached Yes/No: No
Kitchen Features: Granite Counters
Room Type: Bonus Room, Den, Entry, Family Room, Galley Kitchen, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bedroom, Walk-In Closet
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: None
Special Listing Conditions: Standard
View: Hills, Mountain(s)
Water Source: Public
Year Built Source: Assessor Zoning: R-1
Remarks
Honey Stop the Car. Lets look at this Entertainers Dream located in the well sought after Community of Lake Hills. OMG, Pride of ownership explains the beauty that youre about to experience. With 4 bedrooms and 3 bathrooms, including one bedroom and 1 bathroom downstairs, this home is perfect for a growing or multigenerational family. As you enter the home, the first thing youll notice are the vaulted ceilings and the plantation shutters throughout. The formal living and dining room are perfect for sitting and reading after a hard day at the office. Lets move into the kitchen. The open floor plan allows you to cook while others relax in the family room. Notice the granite counters and ample amount of cabinetry space. Working remote has never been easier, with an office or optional 5th bedroom located on the first floor. Lets peek upstairs. Get ready. Get ready. Get ready. I can guarantee you will not be disappointed. Lets go. Whats the first thing you see. Is it the Mancave or SheShed? Is it the enormous master bedroom? Is it the amount of space that accommodates the family? You tell me. The mancave with mounted TVs with built in wet bar, and surround sound are, lets say it together, an entertainers dream. Its ready for Sunday and Monday night football, Hulu, Amazon, or anything you choose to binge watch. Its totally up to you. The enormous master bedroom with Jacuzzi tub is exactly whats needed to relieve the pain and stress after one of those days. The plantation shutters and ceiling fans are a theme of the home. Can we say, Ive saved the best for last. Lets go into the backyard. Say it with me. An entertainers Dream, an Oasis Paradise. Get ready football fans, you can close escrow, just in time for the NFL and College Football season. So much to truly put into words, but Ill give it a shot. Built in Outdoor BBQ, Tiki Bar, Fridge stocked with your beverage of choice, dual mounted TVs to watch your favorite shows, beautifully landscaped with mature palm trees, patio cover, water fountain, lush green grass with automatic sprinkler system, 3 car garage, and mountain views. I can go on and on and on. Schedule an appointment and discover the loveliness, the splendor, and the magnificence for yourself. One thing I know, this property will not last.
Courtesy of CALIFORNIA 5 STAR REALTY Information is deemed reliable but not guaranteed.
Chris Taylor
16730 Lake Knoll
Riverside, CA 92503
$937,000 5 Beds 3.00 Baths
CLOSED 1/29/25
2,489.0 Sq. Ft. ($376 / sqft)
Year Built 1988 Days on market: 75
Details
Prop Type: Single Family
Residence
County: Riverside
Area: 252 - Riverside
Style: Spanish
Full baths: 3.0
Features
Association Name: Lake Hills HOA
Association Y N: Yes
Attached Garage Y/N: Y
Community Features: Curbs, Gutters, Sidewalks, Storm
Drains, Street Lights, Suburban
Contract Status Change
Date: 2025-01-29T00:00:00
Cooling: Central Air
Elevation Units: Feet
Heating: Central
Acres: 0.76
Lot Size (sqft): 33,106
Garages: 4
List date: 10/10/24
Sold date: 1/29/25
Off-market date: 12/25/24
Updated: Jan 30, 2025 9:33 AM
List Price: $937,000
Orig list price: $950,000
Assoc Fee: $109
School District: Alvord
Unified
High: Hillcrest
Middle: Villegas
Elementary: Lake Hills
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash To New Loan
Lot Features: 0-1 Unit/Acre, Landscaped
Main Level Bedrooms: 1
Parking Total: 4
Patio And Porch Features: Concrete, Patio, Slab
Pool Features: Private, In Ground, Pebble, Permits
Pool Private Y N: Yes
Possession: Close Plus 3 Days
Property Attached Yes/No: No
Property Condition: Turnkey
Road Surface Type: Paved
Roof: Spanish Tile
Room Type: Family Room, Main Floor Bedroom
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: Private, In Ground, Permits
Special Listing Conditions: Standard
View: Canyon, City Lights
Water Source: Public
Year Built Source: Public Records
Zoning: R-1-20000
Remarks
LAKE HILLS MAGNIFICENT SPANISH STYLE ESTATE ON 33,106 SQ FT LOT - Who said you cant have it All!! Gorgeous 5 bedroom 3 full bathroom estate with amazing views, and a resort for a backyard! Gourmet kitchen, stainless steel appliances, 3 car garage with work room space, 6 car driveway, 1 bedroom and bathroom downstairs with first floor laundry room. Backyard has access to hill with an amazing view of city lights and mountains. Everything inside and out of this home has been given great attention to detail. There is just too much to list, which makes this IMMACULATE two story home a must see if you are looking for the ultimate entertaining home with the feel of being at a resort!! YES, Solar is all paid for!
LAKE HILLS MAGNFICO ESTILO ESPAOL ESTATE EN 33,106 PIES CUADRADOS LOTE - Quin dijo que no se puede tener todo! Magnfica finca de 5 dormitorios y 3 baos completos con impresionantes vistas, y un complejo para un patio trasero! Cocina gourmet, electrodomsticos de acero inoxidable, garaje para 3 coches con espacio de sala de trabajo, 6 coches de entrada, 1 dormitorio y bao en la planta baja con lavadero primer piso. Patio trasero tiene acceso a la colina con una vista increble de las luces de la ciudad y las montaas. Todo dentro y fuera de esta casa se ha prestado gran atencin al detalle. Hay demasiado a la lista, lo que hace que este INMACULADA casa de dos pisos una visita obligada si usted est buscando la ltima casa de entretenimiento con la sensacin de estar en un complejo de.
Courtesy of REALTY MASTERS & ASSOCIATES
Information is deemed reliable but not guaranteed.
Chris Taylor
SO WHAT DOES THE INTERNET SAY ABOUT YOUR HOME?
$788,500 $782,978 $800,300 $1,145,940
Not a typo. Just goes to show how messed up these algorithms can get.
National Association of REALTORS (NAR)
California Association of REALTORS (CAR)
Orange County Association of REALTORS (OCAR)
#1 Producing Agent in Lake Hills since 2012
(Data compiled from the MLS as of 1/9/25)
Luxury Home Sales Designated
Contingency Sale Specialist
Certified New Home Co-Broker
Certified Divorce Expert
Top 1.5% of Individual REALTORS in the nation
Team Lead for Taylor Realty Group with offices in Corona, Huntington Beach, and Palm Springs
Meet Chris…
A true Californian through and through, realtor Chris Taylor was born and raised in South Orange County and has resided with his family in Lake Hills Reserve since 2008. His lifelong experience in the region and many years living in L.H.R. has given him unparalleled knowledge about Lake Hills which provides an invaluable advantage for his clientele here on the hill and one he cites as a very big reason for achieving record-setting sales again and again. (3 of the 5 highest sales in Lake Hills HISTORY were represented by Chris).
Over his career, which began in 2003, Chris has enjoyed time as a realtor, new home sales agent, and mortgage consultant, providing him with a thorough understanding of every facet of the real estate business. As a result, he can personally guide his clients through each stage of the buying or selling process. Chris knows that communication and integrity are key to a successful transaction, and he is dedicated to always being available to his clients while offering professionalism, commitment and attentiveness that never fail to exceed expectations.
Chris is a fourth-generation Southern Californian with a love for surfing, screenwriting, and the movies. Prior to real estate, he worked in front of and behind the camera in the entertainment industry, concluding as a talent agent with the prestigious William Morris Agency. Chris lives with his wife, Terry, their disabled grandson, David, for whom he is the primary caregiver, and a menagerie of two dogs and three cats. He has made frequent real estate-related appearances on on Fox 11 News, Good Day L.A., and Inside Edition.
Meet the Team
Tracie Albert
Operations Director
DRE# 01432850
With a high regard for the overall client experience, Tracie oversees the Operations for Taylor Residential Real Estate. A licensed Real Estate Agent herself since 2004 with experience in Residential, Investment and Luxury Sales as well as Short Sales, REOs and House Flipping, Tracie possesses a comprehensive level of Real Estate-related expertise that is largely unsurpassed. As a key component to Taylor Residential Real Estate’s success, Tracie has access to a variety of tools and resources designed to foster the most rewarding experiences for clients with even the most complex goals at hand in addition to cutting edge marketing techniques and strategies and innovative resources.
Brenda Listana Administration
With over 5 years of experience and having worked for some of the biggest e-commerce companies in the world, Brenda has established herself as a strong Customer Support Representative. She takes great pride in her exceptional computer skills, organization, planning, and administrative abilities and her experience has taught her the importance of attention to detail, resilience, and flexibility. Brenda commits herself fully to any task and embraces the responsibility.
Anthony Zervas Lead Agent
DRE# 02047324
Valerie Alicajic
Marketing Director
Anthony Zervas views architecture with a genuine passion that he is eager to share with buyers who are seeking a home that ideally suits and even exceeds their personal and financial goals. With a broad spectrum of experience, know-how, determination, and dedication, Anthony has rapidly built a following of clients who appreciate his down-toearth approach and unyielding commitment to unparalleled service. An avid traveler and snowboarder, Anthony is a genuine family man and spends much of his free time with his wife, Mel, and their daughter, Avie. He is also an award-winning chef with experience with high-end restaurants, five-diamond hotels, and as a personal with celebrity clienteles.
Valerie’s passion for design began at an early age, culminating in earning her Bachelor of Arts degree with an emphasis in graphic design at California State University Long Beach, and most recently, a Multi-Media Certificate in Web Design from Golden West College. Today, Val spearheads our design strategies and executes creative concepts that ensure maximum exposure. By conceptualizing and designing projects from start to finish, she creates a cohesive message portrayed through color, art and photography, all while meeting intense deadlines.
Brooke Fetzer
Property Designer
DRE# 01432850
Brooke Fetzer, "The Property Stylist", is a Certified Feng Shui Practitioner with YEARS of experience in the art of Home Staging. With over 1500 homes to her credit, Brooke is detail-oriented and works seamlessly with Sellers to prepare their homes for sale with careful attention paid to the individual marketing needs of each home so they can stand out from the rest online.
