NOT LISTED FOR SALE

Estimated Value: $1,336,000 - $1,443,000

3 Beds
2 Baths
1,532 Sq Ft
$912/Sq Ft Est. Value

Last Sold October 12, 2017

Last sale price $737,000 $481 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $8,329/month

14 Days on Market

Highlights

  • Heated Spa
  • No Units Above
  • Contemporary Architecture
  • University Park Elementary Rated A
  • Primary Bedroom Suite
  • Wood Flooring

About This Home

As of October 2017

This Charming and well maintained single story 3-bedrooms / 2-bathroom home on a 5,450 lot is in a desirable location in the coveted Terrace Community of University Park. The Cambridge Model home of 1,538 Sq. Ft. is the largest model in the community. The living room has a cozy fireplace and sliding glass doors that open into a private patio surrounded by trees. A comfortable master suite, inside laundry room, formal dining room and attached two-car garage adds the finishing touches to this comfortable home. The Terrace Community neighborhood includes a large greenbelt, lighted pathways, and 2 playgrounds for children, two beautiful swimming pools and spas, outdoor BBQs as well as a new community clubhouse. Nearby to the Terrace are shopping centers, a golf course, movie theaters, UC Irvine and Irvine Valley College, and easy access to the 405 Freeways and public transportation. The Terrace is in the highly acclaimed Irvine Unified School District with local schools University Elementary, San Joaquin Jr. High, and University High School.

Last Agent to Sell the Property

Barry Marks

Berkshire Hathaway HomeService License #00907470 Listed on: 08/28/2017

Co-Listed By

Marsha Marks

Berkshire Hathaway HomeService License #01750263

Last Buyer's Agent

Jin Ro

Regency Real Estate Brokers License #01826936

Regency Real Estate Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,552

Year Built

  • Built in 1974

Lot Details

  • 5,450 Sq Ft Lot
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Block Wall Fence
  • Sprinklers Throughout Yard

HOA Fees

  • $209 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shake Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,532 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Coffered Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Sliding Doors
  • Family Room with Fireplace
  • Formal Dining Room
  • Park or Greenbelt Views

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Electric Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Makeup or Vanity Space
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps

Pool

  • Heated Spa
  • Heated Pool
  • Fence Around Pool

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • University Park Elementary School
  • Rancho San Joaquin Middle School
  • University High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Legal Lot and Block 182 / 8002
  • Tax Tract Number 8002
  • Assessor Parcel Number 45317358

Community Details

Overview

  • Terrace Community Terrace Community Association, Phone Number (949) 716-3998
  • Built by Cambridge

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Banquet Facilities
  • Recreation Room

Recreation

  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,552

Year Built

Built in 1974

Lot Details

0

HOA Fees

$209 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 949-552-1111
  • Other Phone Number: 949-294-4122
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Terrace (TR)
  • View: Yes
  • Zoning: Residential
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45317358
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1532.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Recessed Lighting, Stone Counters
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Dining Room, Separated
  • Fireplace Features: Family Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 481.07
  • Room Type: Family Room, Kitchen, Laundry, Master Suite
  • Spa Features: Association, Heated
  • Window Features: Skylight(s)
  • Bathroom Features: Shower, Shower In Tub, Exhaust Fan(s), Vanity Area
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Block
  • Builder Name: Cambridge
  • Patio And Porch Features: Enclosed, Patio, Stone
  • Pool Features: Association, Community, Fenced, Heated
  • Pool Private: No
  • Roof: Composition, Shake
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Garage Faces Front, Garage - Single Door, Garage Door Opener, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Free-Standing Range, Disposal, Gas Water Heater, Microwave, Self Cleaning Oven
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Forced Air, Natural Gas, Fireplace(s)
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Banquet Facilities, Recreation Room, Earthquake Insurance, Dues Paid Monthly, Pets Not Permitted, Management
  • Association Fee: 209.00
  • Association Fee Frequency: Monthly
  • Association Name: Terrace Community Terrace Community
  • Phone: 949-716-3998
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Irvine Unified
  • Elementary School: University Park
  • Middle School: Rancho San Joaquin
  • High School: University
  • Elementary School: University Park
  • High School: University
  • Middle Or Junior School: Rancho San Joaquin
  • Elementary School #2: UNIPAR
  • High School2: UNIVER

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side
  • Lot Size Sq Ft: 5450.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 8002
  • Tax Census Tract: 626.12
  • Tax Lot: 182
  • Tax Tract Number: 8002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2017
Closed on
Sep 6, 2017
Sold by
Thompson Joan C
Bought by
Kavoosian Parto and Firoozfard Behnam
Seller's Agent
Barry Marks
Berkshire Hathaway HomeService
Buyer's Agent
Jin Ro
Regency Real Estate Brokers
List Price
$729,000
Sold Price
$737,000
Premium/Discount to List
$8,000
1.1%
Current Estimated Value
$1,397,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$660,091
Avg. Annual Appreciation
8.30%
Original Mortgage
$537,000
Outstanding Balance
$447,466
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$949,625

Purchase Details

Closed on
Apr 26, 1999
Sold by
Thompson Harland B and Thompson Joan C
Bought by
Thompson Harland B and Thompson Joan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kavoosian Parto $737,000 California Title Co
Thompson Harland B -- United Title Company
Thompson Harland B -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kavoosian Parto $537,000
Previous Owner Thompson Harland B $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2017 10/12/17 Sold $737,000 +1.1% $481 / Sq Ft
09/05/2017 09/05/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $729,000 -- $476 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,552 $838,577 $721,339 $117,238
2024 $8,552 $822,135 $707,195 $114,940
2023 $8,331 $806,015 $693,328 $112,687
2022 $8,180 $790,211 $679,733 $110,478
2021 $7,997 $774,717 $666,405 $108,312
2020 $7,951 $766,774 $659,572 $107,202
2019 $7,774 $751,740 $646,640 $105,100
2018 $7,636 $737,000 $633,960 $103,040
2017 $3,879 $373,442 $258,113 $115,329
2016 $3,706 $366,120 $253,052 $113,068
2015 $3,649 $360,621 $249,251 $111,370
2014 $3,577 $353,557 $244,368 $109,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17198998

California Regional Multiple Listing Service (CRMLS)

APN: 453-173-58