NOT LISTED FOR SALE

12842 Palm St Unit 4 Garden Grove, CA 92840

Estimated Value: $680,356 - $705,000

2 Beds
2.5 Baths
1,326 Sq Ft
$560/mo HOA Fee

Last Sold October 11, 2022

Last sale price $575,000 $434 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,973/month

51 Days on Market

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • 2 Car Attached Garage
  • Earl Warren Elementary School Rated A-
  • Community Pool
  • Walk-In Closet

About This Home

As of October 2022

This Beautiful Two-Story Penthouse Located on The Top Floor is a Must-See! Located in the beautiful gated community of Lotus Walk, it is an upgraded 2 bedroom 2.5 bathrooms modern condo with new tile flooring. This home is turnkey with 9-foot ceilings, recess lighting, and built-in speakers in the living room, kitchen, and master bedroom. Pre-wired with cable connections, and a large walk-in closet in the master bedroom. This home has charming and collectible light fixtures and newly installed luxury faucets. The entryway is lined with an elegant tile floor. The fully upgraded kitchen is fitted with granite counters, stainless steel appliances (included), and dark-stained cabinetry. It opens to the living room and dining room. The living room contains a balcony that allows for an outdoor seating area with a Penthouse city light view! There is an indoor laundry room (washer & dryer included). The master bedroom also leads out to a balcony through double doors that provide a gorgeous view of city lights. This penthouse has a total of 3 parking spaces with room for storage and additional community parking space is already included until the end of Oct. and it can be extended. It is conveniently located near the 22, 5, and 57 freeways. The monthly HOA includes water and trash. The wonderful community amenities include an abundance of guest parking, a well-maintained private pool and spa, a lush green courtyard, and an outdoor seating area. Disneyland Resort, Anaheim Stadium, The Great Wolf Lodge, and various dining, entertainment, and shopping are just minutes away from the prime Garden Grove location! Check this beauty out at the open house and appointments are always available.

Last Agent to Sell the Property

Seon Yun

California Bridge Realty License #02037889 Listed on: 07/26/2022

Last Buyer's Agent

Jason Lowery

Compass License #01817345

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,334

Year Built

  • Built in 2007

HOA Fees

  • $560 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,326 Sq Ft Home
  • Family Room
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Additional Features

  • Exterior Lighting
  • Two or More Common Walls
  • Central Air

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 16856
  • Assessor Parcel Number 93017447
  • $388 per year additional tax assessments

Community Details

Overview

  • 78 Units
  • Lotus Walk Association, Phone Number (949) 450-0202
  • Action Property Management HOA

Recreation

  • Community Pool
  • Community Spa

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,334

Year Built

Built in 2007

Lot Details

0

HOA Fees

$560 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: washer, dryer, refrigerator
  • Property Attached: Yes
  • Subdivision Name Other: lotus walk
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93017447
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1326.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 433.63
  • Room Type: Family Room, Kitchen, Master Bedroom, Master Suite, Walk-In Closet

Exterior Features

  • View: City Lights
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Trash, Water, Security
  • Association Fee: 560.00
  • Association Fee Frequency: Monthly
  • Association Name: lotus Walk
  • Phone: 949.450.0202
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Action Property Management

Schools

  • School District: Garden Grove Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 78
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 16856
  • TaxOtherAnnualAssessmentAmount: 388.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Sep 19, 2022
Sold by
Shin Jieun
Bought by
Chan Danion
Seller's Agent
Seon Yun
California Bridge Realty
Buyer's Agent
Jason Lowery
Compass
List Price
$635,000
Sold Price
$575,000
Premium/Discount to List
-$60,000
-9.45%
Views
29
Current Estimated Value
$688,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,339
Avg. Annual Appreciation
6.64%
Original Mortgage
$475,000
Outstanding Balance
$458,466
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$229,873

Purchase Details

Closed on
Feb 24, 2015
Sold by
Ha Kyung Tae
Bought by
Shin Jieun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2015
Sold by
Brunton Dennis S and Blair Heather D
Bought by
Shin Jieun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2012
Sold by
Brunton Dennis S and Blair Heather D
Bought by
Brunton Dennis S and Blair Heather D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2008
Sold by
In Town Communities Llc
Bought by
Brunton Dennis S and Blair Heather D
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Chan Danion $575,000 Lawyers Title
Shin Jieun -- Western Resources Title Co
Shin Jieun $380,000 Western Resources Title Co
Brunton Dennis S -- Ticor Title Company
Brunton Dennis S $382,500 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Danion $475,000
Previous Owner Shin Jieun $278,500
Previous Owner Shin Jieun $304,000
Previous Owner Brunton Dennis S $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2022 10/11/22 Sold $575,000 -4.0% $434 / Sq Ft
08/24/2022 08/24/22 Price Changed $599,000 -3.2% $452 / Sq Ft
08/18/2022 08/18/22 Price Changed $619,000 -2.5% $467 / Sq Ft
07/26/2022 07/26/22 For Sale $635,000 -- $479 / 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 $7,334 $586,500 $364,073 $222,427
2023 $7,200 $575,000 $356,934 $218,066
2022 $5,531 $430,359 $223,310 $207,049
2021 $5,455 $421,921 $218,931 $202,990
2020 $5,390 $417,595 $216,686 $200,909
2019 $5,317 $409,407 $212,437 $196,970
2018 $5,187 $401,380 $208,272 $193,108
2017 $5,134 $393,510 $204,188 $189,322
2016 $4,878 $385,795 $200,185 $185,610
2015 $4,581 $360,000 $167,614 $192,386
2014 $4,558 $360,000 $167,614 $192,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG22164681

California Regional Multiple Listing Service (CRMLS)

APN: 930-174-47