NOT LISTED FOR SALE

1571 Rainbow Dr Santa Ana, CA 92705

Estimated Value: $1,438,000 - $1,530,385

3 Beds
2 Baths
1,640 Sq Ft
$905/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,060,000 $646 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $9,122/month

13 Days on Market

Highlights

  • In Ground Pool
  • Open Floorplan
  • Granite Countertops
  • Red Hill Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of April 2021

Welcome to prestigious North Tustin. 1571 Rainbow Drive is a single story Ranch Style home located in one of the most sought after communities. As soon as you open the front door, you will immediately notice the natural wood flooring that is in perfection and flows into the living room, kitchen and hallways. This property includes a formal living room, dining area, family room with fireplace, pantry, and gourmet kitchen with granite countertops and stainless steel appliances. The front windows are brand new double pane Bear Windows that allows natural light inside. Each bathroom has fully been upgraded with new vanities and massive glass showers. The private lush backyard is like an oasis that includes a sparkling pool and spa with a serenity spa feature for the ultimate relaxation, multiple fruit trees and also surrounded with multiple mature Perimeter Hedges for privacy. There is a non permitted 130 square foot laundry room that is a perfect space for opportunities such as a classroom for stay at home learning or a pool room to change in before entering the home. Located in Unincorporated North Tustin, there is no HOA or Mello-Roos. Perfectly situated within award winning Tustin Schools such as Red Hill Elementary and Foothill High School.

Last Agent to Sell the Property

AJ Hoover

Seven Gables Real Estate License #02040196 Listed on: 02/11/2021

Seven Gables Real Estate

Last Buyer's Agent

Dean O'Dell

Seven Gables Real Estate License #01060767

Seven Gables Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,428

Year Built

  • Built in 1958

Lot Details

  • 8,517 Sq Ft Lot
  • Fenced
  • Fence is in average condition

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Composition Roof

Interior Spaces

  • 1,640 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • French Doors
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Pots and Pans Drawers

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Mirrored Closets Doors
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Wood Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 3131
  • Assessor Parcel Number 10341303

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,428

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Ad Number: 7147852545
  • Other Phone Number: 7147852545
  • Property Attached: No
  • View: Yes
  • Zoning: R-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 10341303
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1640.00 Square Feet
  • Interior Amenities: Open Floorplan, Recessed Lighting, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors, Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Gas, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 646.34
  • Room Type: All Bedrooms Down, Laundry, Living Room, Master Bathroom, Master Bedroom
  • Spa Features: Private, In Ground
  • Window Features: Double Pane Windows
  • Bathroom Features: Shower, Shower In Tub
  • Room Kitchen Features: Granite Counters, Pots & Pan Drawers

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Patio And Porch Features: Wood
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Tustin Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8517.00
  • Lot Size Acres: 0.1955

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8517.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 756.03
  • Tax Lot: 4
  • Tax Tract Number: 3131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Feb 26, 2021
Sold by
Mccarthy Sara and The Sara Rae Living Trust
Bought by
Kamp Stephen Chester
Seller's Agent
AJ Hoover
Seven Gables Real Estate
Buyer's Agent
Dean O'Dell
Seven Gables Real Estate
List Price
$1,085,000
Sold Price
$1,060,000
Premium/Discount to List
-$25,000
-2.3%
Current Estimated Value
$1,484,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,096
Avg. Annual Appreciation
7.71%
Original Mortgage
$945,000
Outstanding Balance
$852,347
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$616,190

Purchase Details

Closed on
Jul 12, 2018
Sold by
Mccarthy Sara Rae
Bought by
Mccarthy Sara and The Sara Rae Living Trust

Purchase Details

Listed on
Mar 26, 2017
Closed on
Apr 12, 2017
Sold by
Farrell Brendan O
Bought by
Mccarthy Sara Rae
Seller's Agent
Karen Goldberg
Seven Gables Real Estate
Buyer's Agent
Michael Shank
Compass
List Price
$765,000
Sold Price
$775,000
Premium/Discount to List
$10,000
1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$545,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2016
Sold by
Farrell Brendan O
Bought by
Farrell Brendan O and Ofarrell Living Trust

Purchase Details

Closed on
Sep 27, 2001
Sold by
Rasaputra Chandima
Bought by
Ofarrell Brendan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.91%
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
Kamp Stephen Chester $1,060,000 First Amer Ttl Co Res Div
Mccarthy Sara -- None Available
Mccarthy Sara Rae $775,000 First American Title Company
Farrell Brendan O -- None Available
Ofarrell Brendan $360,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kamp Stephen Chester $224,000
Open Kamp Stephen Chester $945,000
Previous Owner Mccarthy Sara $511,400
Previous Owner Mccarthy Sara $516,625
Previous Owner Mccarthy Sara Rae $545,000
Previous Owner Ofarrell Brendan $274,000
Previous Owner Ofarrell Brendan $275,000
Previous Owner Rasaputra Chandima $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $1,060,000 -2.3% $646 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $1,085,000 +40.0% $662 / Sq Ft
05/21/2017 05/21/17 Sold $775,000 +1.3% $473 / Sq Ft
04/08/2017 04/08/17 For Sale $765,000 0.0% $466 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
03/26/2017 03/26/17 For Sale $765,000 -- $466 / 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 $12,428 $1,147,377 $1,045,004 $102,373
2024 $12,428 $1,124,880 $1,024,514 $100,366
2023 $12,138 $1,102,824 $1,004,425 $98,399
2022 $11,969 $1,081,200 $984,730 $96,470
2021 $9,277 $830,956 $740,581 $90,375
2020 $9,229 $822,436 $732,987 $89,449
2019 $8,997 $806,310 $718,614 $87,696
2018 $8,849 $790,500 $704,523 $85,977
2017 $5,296 $458,237 $365,806 $92,431
2016 $5,201 $449,252 $358,633 $90,619
2015 $5,264 $442,504 $353,246 $89,258
2014 $5,129 $433,836 $346,326 $87,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21025490

California Regional Multiple Listing Service (CRMLS)

APN: 103-413-03