NOT LISTED FOR SALE

Estimated Value: $1,094,014 - $1,184,000

2 Beds
2 Baths
1,184 Sq Ft
$948/Sq Ft Est. Value

Sale Details

Date Sold: August 9, 2022

Last sale price $835,000 $705 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,942 / mo

32 Days on Market

Highlights

  • Spa
  • Clubhouse
  • Main Floor Bedroom
  • University Park Elementary Rated A
  • Traditional Architecture
  • L-Shaped Dining Room

About This Home

As of August 2022

Easy living single level 2 bedroom 2 bath home in the Terraces community is centrally located in the University Park section of the city of Irvine. Features include a gated and private courtyard at the entrance, an open floor plan, a spacious kitchen and dining area with sliding glass doors opening to a private fenced rear patio perfect for entertaining guests, a living room with a gas fireplace, plantation shutters throughout the home, newer HVAC and a 2 car garage. Community amenities include 2 pools, spas, BBQs, playgrounds, lighted walking paths, and a clubhouse. Conveniently located near shopping, freeway access, award-winning schools, HOAG hospital, and UC Irvine. No Mello-Roos, and a low tax rate. Clean and bright, ready for someone to add their own upgrades and style. Located in the University Park section of the city of Irvine close to UCI and the great park, The Terrace is a premier community comprised of 507 homes.

Last Agent to Sell the Property

Michael Mackenbach

Estate Properties License #02131183 Listed on: 07/02/2022

Estate Properties

Co-Listed By

Heidi Mackenbach

Estate Properties License #01071319

Last Buyer's Agent

Stephen Jeong

Keller Williams Realty Irvine License #01967125

Keller Williams Realty Irvine

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 2,912 Sq Ft Lot
  • Density is 16-20 Units/Acre
  • Property is zoned PUD

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Driveway Level

Home Design

  • Traditional Architecture
  • Planned Development

Interior Spaces

  • 1,184 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Entryway
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Storage

Kitchen

  • Electric Cooktop
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Spa
  • Patio
  • Exterior Lighting
  • Front Porch

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 84
  • Tax Tract Number 8261
  • Assessor Parcel Number 45316113
  • $115 per year additional tax assessments

Community Details

Overview

  • Terrace Association, Phone Number (949) 786-1221
  • Terrace Community Association
  • Terrace Subdivision

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

2,912 Sq Ft Lot

HOA Fees

$250 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Terrace (TR)
  • View: No
  • Zoning: PUD
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45316113
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1184.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Storage
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 705.24
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room, Main Floor Bedroom
  • Spa Features: Community

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Brick, Concrete, Front Porch, Rear Porch
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Driveway Level, Garage, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Free-Standing Range, Disposal, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Clubhouse, Earthquake Insurance
  • Association Fee: 250.00
  • Association Fee Frequency: Monthly
  • Association Name: Terrace
  • Phone: (949)786-1221
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Suburban
  • Association Management: Terrace Community Association

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 2912.00
  • Lot Size Acres: 0.0669

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2912.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.51
  • Tax Lot: 84
  • Tax Tract Number: 8261
  • TaxOtherAnnualAssessmentAmount: 115.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
Jul 29, 2022
Sold by
Alleman Jr Robert P
Bought by
Choi Yoon Jae
Seller's Agent
Michael Mackenbach
Estate Properties
Buyer's Agent
Stephen Jeong
Keller Williams Realty Irvine
List Price
$895,000
Sold Price
$835,000
Premium/Discount to List
-$60,000
-6.7%
Views
5
Current Estimated Value
$1,123,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,004
Avg. Annual Appreciation
8.34%
Original Mortgage
$647,000
Outstanding Balance
$620,009
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$502,995

Purchase Details

Listed on
Sep 21, 2015
Closed on
Dec 7, 2015
Sold by
Down William
Bought by
Alleman Robert P
Seller's Agent
Marsha Marks
Berkshire Hathaway HomeService
Buyer's Agent
Marsha Marks
Berkshire Hathaway HomeService
Sold Price
$2,300

Purchase Details

Closed on
Aug 15, 2001
Sold by
Alleman Gwen
Bought by
Alleman Gwen and Gwen Alleman 2001 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Choi Yoon Jae $835,000 First American Title
Alleman Robert P -- None Available
Alleman Gwen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Yoon Jae $647,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2022 08/09/22 Sold $835,000 -1.6% $705 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/10/2022 07/10/22 Price Changed $849,000 -5.1% $717 / Sq Ft
07/02/2022 07/02/22 For Sale $895,000 0.0% $756 / Sq Ft
10/03/2015 10/03/15 Rented $2,300 -4.2% --
09/21/2015 09/21/15 Under Contract -- -- --
09/21/2015 09/21/15 For Rent $2,400 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,858 $868,734 $766,748 $101,986
2024 $8,858 $851,700 $751,713 $99,987
2023 $8,629 $835,000 $736,973 $98,027
2022 $1,107 $96,011 $31,833 $64,178
2021 $1,082 $94,129 $31,209 $62,920
2020 $1,075 $93,164 $30,889 $62,275
2019 $1,052 $91,338 $30,284 $61,054
2018 $1,029 $89,548 $29,691 $59,857
2017 $1,007 $87,793 $29,109 $58,684
2016 $966 $86,072 $28,538 $57,534
2015 $881 $84,780 $28,110 $56,670
2014 $863 $83,120 $27,560 $55,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22144881

California Regional Multiple Listing Service (CRMLS)

APN: 453-161-13

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