Sold for $485,000

Listed by: eXp Realty of California Inc • Jessica Nieto • Contact: 562-714-2176

Bought with: eXp Realty of California, Inc.

$485,000

22960 Penasco Cir, Nuevo, CA 92567

3beds

1,989sqft

Single Family Residence

Built in 2003

6,970 Square Feet Lot

$488,200 Zestimate^®

$244/sqft

$2,951 Estimated rent

Home value

$488,200

$444,000 - $537,000

$2,951/mo

Zestimate^® history

Owner options

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$2,951/mo

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$2,951/mo

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$3,161/mo

Est. payment

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$3,161/mo

Est. payment

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What's special

Two-car garageFunctional single-story layoutDesirable floor plan

Opportunity awaits at 22960 Penasco Circle in Nuevo. This 4 bedroom, 2 bathroom home offers 1,989 square feet of living space on a 6,970 square foot lot and was built in 2003. With a functional single-story layout, spacious living areas, and a large kitchen that opens to the main living space, the home has solid bones and strong upside potential. The property is in cosmetic fixer condition and is ready for updates, making it ideal for an investor looking for their next project or an end user who wants to renovate and create value with their own vision. The backyard features a wide concrete patio and hillside backdrop, offering privacy and room to enhance outdoor living. With nearly 2,000 square feet, a two-car garage, and a desirable floor plan, this is a value-add opportunity in an established neighborhood with strong rental and resale demand. Bring your contractor and imagination. Call your Realtor to schedule a tour and make an offer today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 4

Rooms

Room types: Kitchen, Living Room

Heating

Central

Cooling

Central Air

Appliances

Laundry: Inside

Features

Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 1,989 sqft

Property

Parking

Total spaces: 4
Parking features: Door-Multi, Garage
Attached garage spaces: 2
Uncovered spaces: 2

Features

Levels: One
Stories: 1
Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 6,970 Square Feet
Features: Back Yard

Details

Parcel number: 309410012
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 2003

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Sidewalks

HOA

Has HOA: Yes
Amenities included: Call for Rules, Management
HOA fee: $49 monthly
HOA name: Nuevo Ranch, Inc.
HOA phone: 800-665-2149

Location

Region: Nuevo

Financial & listing details

Price per square foot: $244/sqft
Tax assessed value: $357,272
Annual tax amount: $4,733
Date on market: 2/26/2026
Cumulative days on market: 6 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
3/26/2026	Sold	$485,000+4.3%$244/sqft
Source: CRMLS #OC26041327 Report a problem
3/4/2026	Pending sale	$464,950$234/sqft
Source: CRMLS #OC26041327 Report a problem
2/26/2026	Listed for sale	$464,950+220.7%$234/sqft
Source: eXp Realty #OC26041327 Report a problem
2/17/2026	Listing removed	$2,745$1/sqft
Source: Zillow Rentals Report a problem
2/1/2026	Listed for rent	$2,745$1/sqft
Source: Zillow Rentals Report a problem
2/20/2013	Sold	$145,000-59.7%$73/sqft
Source: Public Record Report a problem
12/4/2006	Sold	$360,000+67.8%$181/sqft
Source: Public Record Report a problem
2/20/2004	Sold	$214,500$108/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,733 +1.9%	$357,272 +2%
2024	$4,643 +0.4%	$350,268 +2%
2023	$4,625 +1.5%	$343,401 +2%
2022	$4,555 +19.5%	$336,668 +23.1%
2021	$3,811 +1.4%	$273,408 +1%
2020	$3,760 +2.3%	$270,606 +2%
2019	$3,676 +4.7%	$265,301 +2%
2018	$3,512 +1.8%	$260,100 +2%
2017	$3,450	$255,000 +69.1%
2016	$3,450 +54.1%	$150,828 +1.5%
2015	$2,239 +25.4%	$148,565 +2%
2014	$1,785	$145,657 +4.8%
2013	--	$139,000 +2.2%
2012	--	$136,000 +0.7%
2011	--	$135,000 -9.4%
2010	--	$149,000 -2%
2009	--	$152,000 -38.2%
2008	--	$246,000 -31.7%
2007	--	$360,000 +61.3%
2006	--	$223,165 +2%
2005	--	$218,790 +3902%
2003	--	$5,467