40238 Valley of the Falls Dr
Forest Falls, CA 92339
2 bd 1 ba 792 sqft Built 1922 Lot 8,100 sqft single_family
Most recent sale
$275,000
Jan 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 14, 2022 | Sold | $275,000 | MLS #EV21244186 |
| Nov 10, 2021 | Listed | $272,500 | MLS #EV21244186 |
| Jul 26, 2013 | Sold | $65,000 | Public Record |
| Jul 10, 2013 | Listing removed | $65,600 | CRMLS |
| Jul 4, 2013 | Listed | $65,600 | MLS #EV13130242 |
| May 30, 2013 | Sold | $57,500 | Public Record |
| May 29, 2013 | Listing removed | $57,500 | ITECH |
| Apr 26, 2013 | Listing removed | $57,500 | CRMLS |
| Apr 24, 2013 | Listed | $57,500 | MLS #EV13073004 |
| Apr 23, 2013 | Listed | $57,500 | MLS #EV13073004 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $218,875 | $72,959 | $291,834 | $3,470 |
| 2024 | $218,875 | $72,959 | $291,834 | $3,230 |
| 2023 | $210,375 | $70,125 | $280,500 | $3,199 |
| 2022 | $55,968 | $18,656 | $74,624 | $975 |
| 2021 | $54,871 | $18,290 | $73,161 | $988 |
| 2020 | $54,308 | $18,102 | $72,410 | $962 |
| 2019 | $53,243 | $17,747 | $70,990 | $939 |
| 2018 | $52,199 | $17,399 | $69,598 | $754 |
| 2017 | $51,175 | $17,058 | $68,233 | $749 |
| 2016 | $50,172 | $16,724 | $66,896 | $735 |
| 2015 | $49,418 | $16,473 | $65,891 | $725 |
| 2014 | $48,450 | $16,150 | $64,600 | $712 |
| 2013 | $40,828 | $7,544 | $48,372 | $536 |
| 2012 | $40,027 | $7,396 | $47,423 | $528 |
| 2011 | $39,242 | $7,251 | $46,493 | $511 |
| 2010 | $38,949 | $7,197 | $46,146 | $513 |
| 2009 | $39,042 | $7,214 | $46,256 | $502 |
| 2008 | $38,276 | $7,073 | $45,349 | $497 |
| 2007 | $37,525 | $6,934 | $44,459 | $466 |
Property facts
Year built
1922
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
792 sqft
Lot size
8,100 sqft
ZIP code
92339
City
Forest Falls
Street
Valley of the Falls Dr
Coordinates
34.08728, -116.92619
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,534
Gross rental yield
11.06%
Implied cap rate
7.19%
Trend-extrapolated value
—
Frequently asked questions
When did 40238 Valley of the Falls Dr last sell?
40238 Valley of the Falls Dr most recently sold on Jan 14, 2022 for $275,000.
What is the current tax assessment for 40238 Valley of the Falls Dr?
The most recent total assessment for 40238 Valley of the Falls Dr (year 2025) is $291,834 with $3,470 in property tax.
How does 40238 Valley of the Falls Dr's assessment compare to its last sale price?
The current assessment is 6.1% above the last sale price of $275,000.
When was 40238 Valley of the Falls Dr built?
40238 Valley of the Falls Dr was built in 1922.
How does 40238 Valley of the Falls Dr compare to others on Valley of the Falls Dr?
We track 8 other properties on Valley of the Falls Dr. Browse the list under "Other properties on Valley of the Falls Dr" to compare beds, baths, and sale history.
What are the property facts for 40238 Valley of the Falls Dr?
40238 Valley of the Falls Dr is a 2 bed, 1 bath, 792 sqft, 8,100 sqft lot single_family.
Is 40238 Valley of the Falls Dr a flip candidate?
No — 40238 Valley of the Falls Dr does not appear in our flips dataset.
Is 40238 Valley of the Falls Dr a tax-appeal candidate?
No — 40238 Valley of the Falls Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.7%
Implied 1-yr
+2.9%
2026 Q3
$312.4K
2026 Q4
$314.5K