NOT LISTED FOR SALE

16797 Olive St Fountain Valley, CA 92708

Estimated Value: $1,410,000 - $1,717,000

4 Beds
3 Baths
1,865 Sq Ft
$813/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $1,316,000 $706 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,206/month

8 Days on Market

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Bonus Room
  • Plavan (Urbain H.) Elementary School Rated A
  • Main Floor Primary Bedroom
  • Quartz Countertops

About This Home

As of June 2023

“Olive” this house and your buyers will too! Marinate in the beauty of this completely remodeled 4 bedroom, 3 bathroom home. This home functions like a single story but offers a studio upstairs for an additional master bedroom, a game room, or office. Downstairs there are 3 bedrooms and two remodeled bathrooms. Upon entering, you'll be greeted by luxury vinyl plank wood-look floors that offer timeless beauty. They are waterproof and practically maintenance free. The spacious living room overlooks the backyard. An updated fireplace accents the room and has been refreshed with a custom mantle and marble hearth. The beautifully remodeled kitchen and large dining room have been opened to allow views to the backyard. New white, shaker cabinets, quartz counters and a peninsula for informal dining beg you to begin cooking a gourmet meal. Gleaming tile backsplash with floating wood shelves add a modern and elegant design that seamlessly blends style and functionality. State-of-the-art stainless appliances with a microwave are included. The inside laundry room has a full-size pantry and a laundry-folding counter. The first floor boasts 3 bedrooms, including a master suite with an en-suite remodeled bathroom. Views of the newly landscaped front courtyard can be found just outside the sliding glass door. Remodeled hall bathroom offers a big bathtub for soaking. New door hardware, closet doors and recessed lights can be found in most rooms. Upstairs, you'll find a redesigned bonus room that is truly a hidden gem. This room features a kitchenette, with new sink, cabinets and quartz counter, floating shelves, and a refrigerator. The modern barn door leads to the 3rd bathroom with subway tiles in the shower, new vanity, plus linen storage. A huge walk-in closet completes the space, making it perfect to use as a second master, a guest suite, home office, or even a rental space for additional income. The home's overall design offers a comfortable floor plan with recessed lighting and newer double-pane windows that provide plenty of natural light, creating a warm and inviting atmosphere. The large backyard is perfect for hosting gatherings, with plenty of space for outdoor activities and relaxation. Located in the excellent Fountain Valley School District. With its stunning modern design, ample living space, and convenient location, this home is sure to impress.

Last Agent to Sell the Property

Kristina Lightman

Seven Gables Real Estate License #00942615 Listed on: 05/24/2023

Seven Gables Real Estate

Co-Listed By

Nickolas White

Seven Gables Real Estate License #01767819

Last Buyer's Agent

Michelle Nguyen

HomeSmart, Evergreen Realty License #01768531

HomeSmart, Evergreen Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,771

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 7,210 Sq Ft Lot
  • Block Wall Fence
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,865 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room

Kitchen

  • Kitchenette
  • Updated Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Quartz Bathroom Countertops
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters

Schools

  • Plavan Elementary School
  • Masuda Middle School
  • Fountain Valley High School

Utilities

  • Central Heating
  • Vented Exhaust Fan

Community Details

  • No Home Owners Association
  • Westmont Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 4638
  • Assessor Parcel Number 14332368

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,771

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Westmont (WMON)
  • View: No
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 14332368
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1865.00 Square Feet
  • Interior Amenities: Pantry, Quartz Counters, Recessed Lighting, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, Breakfast Nook, Family Kitchen, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas, Gas Starter, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 705.63
  • Room Type: Bonus Room, Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Two Masters, Walk-In Closet
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Exhaust Fan(s), Main Floor Full Bath, Quartz Counters, Remodeled, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Kitchenette, Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Vented Exhaust Fan, Water Line to Refrigerator
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: Plavan
  • High School: Fountain Valley
  • Middle Or Junior School: Masuda
  • Elementary School #2: PLAVAN
  • High School2: FOUVAL

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 7210.00
  • Lot Size Acres: 0.1655

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7210.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 4638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Jun 6, 2023
Sold by
Joseph N Lightman N and Joseph Kristina L
Bought by
Liu Christopher and Liu Amy Linh
Seller's Agent
Kristina Lightman
Seven Gables Real Estate
Buyer's Agent
Michelle Nguyen
HomeSmart, Evergreen Realty
List Price
$1,250,000
Sold Price
$1,316,000
Premium/Discount to List
$66,000
5.28%
Views
150
Current Estimated Value
$1,515,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,977
Avg. Annual Appreciation
6.20%
Original Mortgage
$726,000
Outstanding Balance
$652,684
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$863,293

Purchase Details

Closed on
Mar 10, 2023
Sold by
Fred Karcher 2018 Family Trust
Bought by
Joseph N Lightman And Kristina L Lightman Dec

Purchase Details

Closed on
Dec 3, 2018
Sold by
Karcher Fred
Bought by
Karcher Fred and The Fred Karcher 2018 Family Trust
Source: Public Records

Range of Values:

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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
Liu Christopher $1,308,000 First American Title
Joseph N Lightman And Kristina L Lightman Dec $960,000 --
Karcher Fred -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Christopher $726,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2023 06/23/23 Sold $1,316,000 -0.7% $706 / Sq Ft
06/06/2023 06/06/23 Price Changed $1,325,000 +6.0% $710 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $1,250,000 -- $670 / 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 $14,771 $1,360,843 $1,244,120 $116,723
2024 $14,771 $1,334,160 $1,219,725 $114,435
2023 $3,101 $260,446 $128,157 $132,289
2022 $3,051 $255,340 $125,644 $129,696
2021 $2,993 $250,334 $123,181 $127,153
2020 $2,974 $247,768 $121,918 $125,850
2019 $2,916 $242,910 $119,527 $123,383
2018 $2,860 $238,148 $117,184 $120,964
2017 $2,814 $233,479 $114,886 $118,593
2016 $2,698 $228,901 $112,633 $116,268
2015 $2,656 $225,463 $110,941 $114,522
2014 $2,602 $221,047 $108,768 $112,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23089858

California Regional Multiple Listing Service (CRMLS)

APN: 143-323-68