$1,769,000
SOLD AUG 29, 2014
5 Beds
3 Baths
3,550 Sq Ft
0.32 Acres

Recently Sold

$498 Per Sq Ft

4% Below List Price

31 Days on Market

Highlights

  • 24-Hour Security
  • Filtered Pool
  • Updated Kitchen
  • Ladera Elementary School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of August 2017

Luxurious single story estate in the 24hr guard gated Madrid community across from Tustin Ranch golf course. This masterpiece is set on a lushly landscaped premium interior cul-de-sac lot. Exquisite detail & thought were put into re-designing this work of art. As you approach you are welcomed by an expansive long driveway, custom iron gates, stone walkways, fountains & gorgeous landscaping. The architectural detail will amaze you as you enter this stunning home. Four spacious bedrooms +large office w/custom built-in cabinetry (could be 5th Br). The private backyard offers a beautiful custom designed salt water pool & spa, travertine & glass tile insets & waterfalls. The covered outdoor logia is a great place to unwind. Custom BBQ island w/natural stone & gas grill. Exquisite center island kitchen w/espresso finished cabinetry, stainless appliances, granite counters, glass tile backsplash, built-in refrigerator & built in breakfast niche. Family rm offers a stone fireplace, media center w/55" Sony TV, wet bar & wine fridge. Luxurious spa-like master suite w/fireplace, stone hearth, custom closet system, custom vanities w/Silestone, Italian porcelain & glass tile surfaces. Step downs from entry to BR's & Lvng Rm. Walk to award winning schools/parks

Last Agent to Sell the Property

Rosemary Kral

First Team Real Estate License #01208091 Listed on: 06/10/2014

First Team Real Estate

Co-Listed By

Jennifer Palmquist

Coldwell Banker Realty License #01243459

Last Buyer's Agent

Ghattas Khoury

Premier Realty And Lending License #01447197

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,015

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener
  • Driveway

Home Design

  • Spanish Architecture
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 3,550 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • Panel Doors
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Office
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Filtered Pool
  • In Ground Spa

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer Paid

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 15420
  • Assessor Parcel Number 50127112

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,015

Year Built

Built in 1998 | Remodeled

Lot Details

0

HOA Fees

$148 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s), Security System
  • Subdivision Name Other: Madrid (MADR)
  • View: No
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 50127112
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3550.00
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Panel Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 498.31
  • Room Type: All Bedrooms Down, Entry, Family Room, Formal Entry, Jack & Jill, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Office
  • Spa Features: In Ground, Private
  • Window Features: Blinds, Custom Covering, Drapes, Double Pane Windows, Screens
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Covered, Patio, Stone
  • Pool Features: Filtered, Heated, Private
  • Pool Private: Yes
  • Roof: Concrete, Spanish Tile, Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage, Garage Door Opener, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Double Oven, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Guard
  • Association Fee: 68.00
  • Association #2 Fee: 80.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Schools

  • School District: Tustin Unified

Lot Info

  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Level, Lot 10000-19999 Sqft, Paved, Sprinkler System, Yard
  • Lot Size Sq Ft: 14000.00
  • Lot Size Acres: 0.3210

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14000.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 48
  • Tax Tract Number: 15420

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2024
Sold by
Patel Prakash C and Patel Sushila
Bought by
Patel Living Trust and Patel
Current Estimated Value
$2,903,958

Purchase Details

Listed on
Feb 16, 2017
Closed on
Jun 20, 2017
Sold by
Shirkhande Anil J and Shirkhande Bannu A
Bought by
Patel Viren P and Patel Shritin J
Seller's Agent
JEFFREY STEARMAN
Keller Williams OC Coastal Realty
Buyer's Agent
Beverly Cota
First Team Real Estate
List Price
$1,815,000
Sold Price
$1,711,000
Premium/Discount to List
-$104,000
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$75,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 10, 2014
Closed on
Jul 16, 2014
Sold by
Katz Deidre Cohen
Bought by
The Shrikhande Family 2002 Trust
Seller's Agent
Rosemary Kral
First Team Real Estate
Buyer's Agent
Ghattas Khoury
Premier Realty And Lending
List Price
$1,849,000
Sold Price
$1,769,000
Premium/Discount to List
-$80,000
-4.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.12%
Original Mortgage
$880,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2012
Sold by
Katz Deidre Cohen
Bought by
Katz Deidre Cohen and The Deidre Cohen Katz 2008 Trust

Purchase Details

Closed on
Mar 8, 2012
Sold by
Katz Norman T and Cohen Deidre F
Bought by
Katz Deidre Cohen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2012
Sold by
Katz Deidre Cohen
Bought by
Katz Deidre Cohen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2010
Sold by
Katz Norman T and Katz Deidre Cohen
Bought by
Katz Norman T and Katz Deidre Cohen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2005
Sold by
Pastore Stephen and Yorba Monte
Bought by
Katz Norman T and Cohen Deidre F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 1998
Sold by
Wl Homes Llc
Bought by
Pastore Stephen and Yorba Monte
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,711,000 First American Title Co
Grant Deed $1,769,000 Ticor Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lsi Title
Interfamily Deed Transfer -- Equity Title Orange County-I
Grant Deed $1,530,000 --
Grant Deed $611,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Credit Line Revolving
Previous Owner $1,357,500 New Conventional
Previous Owner $147,500 Credit Line Revolving
Previous Owner $1,295,000 New Conventional
Previous Owner $1,260,000 Adjustable Rate Mortgage/ARM
Previous Owner $75,000 Adjustable Rate Mortgage/ARM
Previous Owner $866,900 New Conventional
Previous Owner $880,000 New Conventional
Previous Owner $1,100,000 New Conventional
Previous Owner $729,750 New Conventional
Previous Owner $395,000 Credit Line Revolving
Previous Owner $200,000 Unknown
Previous Owner $1,000,000 New Conventional
Previous Owner $62,000 Credit Line Revolving
Previous Owner $126,500 Credit Line Revolving
Previous Owner $801,500 Unknown
Previous Owner $736,000 Unknown
Previous Owner $92,000 Credit Line Revolving
Previous Owner $650,000 Unknown
Previous Owner $97,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2017 08/11/17 Sold $1,711,000 -3.6% $482 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
05/17/2017 05/17/17 Price Changed $1,775,000 -2.2% $500 / Sq Ft
02/16/2017 02/16/17 For Sale $1,815,000 +2.6% $511 / Sq Ft
08/29/2014 08/29/14 Sold $1,769,000 -4.3% $498 / Sq Ft
07/11/2014 07/11/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $1,849,000 -- $521 / 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
2024 $20,015 $1,908,651 $1,328,449 $580,202
2023 $19,560 $1,871,227 $1,302,401 $568,826
2022 $20,695 $1,834,537 $1,276,864 $557,673
2021 $20,239 $1,798,566 $1,251,827 $546,739
2020 $19,985 $1,780,124 $1,238,991 $541,133
2019 $19,596 $1,745,220 $1,214,697 $530,523
2018 $19,190 $1,711,000 $1,190,879 $520,121
2017 $20,214 $1,831,896 $1,269,629 $562,267
2016 $19,833 $1,795,977 $1,244,734 $551,243
2015 $19,590 $1,769,000 $1,226,037 $542,963
2014 $14,784 $1,294,507 $811,151 $483,356
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14120925

California Regional Multiple Listing Service (CRMLS)

APN: 501-271-12