NOT LISTED FOR SALE

Estimated Value: $1,175,534 - $1,248,000

2 Beds
2 Baths
1,224 Sq Ft
$991/Sq Ft Est. Value

Last Sold September 13, 2016

Last sale price $595,000 $486 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $7,121/month

73 Days on Market

Highlights

  • Heated In Ground Pool
  • No Units Above
  • Clubhouse
  • University Park Elementary Rated A
  • Primary Bedroom Suite
  • Contemporary Architecture

About This Home

As of September 2016

A light and bright single story 1,224 SF (Cardiff Model) 2 bedroom & 2 bathroom home in a interior location within the Terrace Community of University Park. A gated landscaped courtyard entrance leads to a sunny and open living room with cathedral ceiling and cozy fireplace. The living room sliding glass doors open to a private landscaped patio. The master suite looks out into the patio and has a walk-in closet and improved bathroom area. Home improvements include recent exterior paint, stainless steel kitchen appliances and granite counter tops, vinyl clad windows & patio sliding glass door, Carrier HVAC, vents and Electronic Air Cleaner and much more. The Terrace Association is landscaped with 1,000's of mature trees and lush greenery with facilities that include 2 pools/spas, clubhouse, BBQ's and 2 tot lots. Nearby to the community are shopping centers, golf courses, movie theaters, UC Irvine and Irvine Valley College and easy access to the freeways and public transportation. The Terrace is in the highly acclaimed Irvine Unified School District with local schools University Elementary, San Joaquin Jr. High, and University High School.

Last Agent to Sell the Property

Barry Marks

Berkshire Hathaway HomeService License #00907470 Listed on: 05/31/2016

Last Buyer's Agent

Phil Potter

South Coast Realty License #01911057

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 2,756 Sq Ft Lot
  • No Units Located Below
  • Two or More Common Walls
  • Stone Wall
  • Privacy Fence
  • Paved or Partially Paved Lot
  • Front and Back Yard Sprinklers

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Planned Development
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Plantation Shutters
  • Custom Window Coverings
  • Roller Shields
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Electric Oven
  • Electric Range
  • Free-Standing Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Energy-Efficient Exposure or Shade

Listing and Financial Details

  • Tax Lot 220
  • Tax Tract Number 8261
  • Assessor Parcel Number 45316236

Community Details

Overview

  • Terrace Community Association, Phone Number (949) 716-3998
  • Built by Standard Pacific
  • Cardiff

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities
  • Meeting Room

Recreation

  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Terrace (TR)
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45316236
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1224.00
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Granite Counters, Recessed Lighting, Tile Counters, Wet Bar
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: In Living Room
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 486.11
  • Room Type: All Bedrooms Down, Living Room, Master Suite, Walk-In Closet
  • Spa Features: Association, Heated, In Ground
  • Window Features: Custom Covering, Drapes, Double Pane Windows, ENERGY STAR Qualified Windows, Plantation Shutters, Roller Shields, Screens, Shutters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Privacy, Stone
  • Builder Name: Standard Pacific
  • Patio And Porch Features: Concrete, Enclosed
  • Pool Features: Association, Community, Fenced, Heated, In Ground
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage Faces Front, Garage, Garage Door Opener, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Phone Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Free-Standing Range, Disposal, Gas Water Heater, Range Hood, Microwave, Recirculated Exhaust Fan
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Banquet Facilities, Clubhouse, Dues Paid Monthly, Meeting Room, Management, Pet Rules, Pets Permitted, Picnic Area, Pool, Spa/Hot Tub
  • Association Fee: 200.00
  • Association Fee Frequency: Monthly
  • Association Name: Terrace Community
  • Phone: 949-716-3998
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Green Features

  • Efficiency: Exposure/Shade, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Planned Unit Development, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 2756.00
  • Price Per Lot Square Foot: 223.15

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 220
  • Tax Model: B
  • Tax Tract Number: 8261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2016
Closed on
Aug 16, 2016
Sold by
Echenique Elaine M
Bought by
Stratton Aaron A
Seller's Agent
Barry Marks
Berkshire Hathaway HomeService
Buyer's Agent
Phil Potter
South Coast Realty
List Price
$615,000
Sold Price
$595,000
Premium/Discount to List
-$20,000
-3.25%
Current Estimated Value
$1,212,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,384
Avg. Annual Appreciation
7.95%
Original Mortgage
$400,000
Outstanding Balance
$319,153
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$893,231

Purchase Details

Closed on
Jan 17, 2006
Sold by
Echenique Elaine M
Bought by
Echenique Elaine M and The Elaine M Echenique Trust

Purchase Details

Closed on
Mar 14, 2005
Sold by
Echenique Elaine M
Bought by
Echenique Elaine M and Elaine M Echenique Living Trust

Purchase Details

Closed on
Jun 16, 1999
Sold by
Miremadi Seyed and Miremadi Minoo
Bought by
Echenique Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.64%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stratton Aaron A $595,000 First American Title
Echenique Elaine M -- None Available
Echenique Elaine M -- --
Echenique Elaine M $216,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stratton Aaron A $400,000
Previous Owner Echenique Elaine M $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2016 09/13/16 Sold $595,000 -3.3% $486 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $615,000 0.0% $502 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $615,000 -- $502 / 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 $7,052 $690,546 $587,120 $103,426
2024 $7,052 $677,006 $575,607 $101,399
2023 $6,869 $663,732 $564,321 $99,411
2022 $6,745 $650,718 $553,256 $97,462
2021 $6,593 $637,959 $542,408 $95,551
2020 $6,555 $631,418 $536,846 $94,572
2019 $6,409 $619,038 $526,320 $92,718
2018 $6,294 $606,900 $516,000 $90,900
2017 $6,163 $595,000 $505,882 $89,118
2016 $2,348 $230,884 $84,890 $145,994
2015 $2,312 $227,416 $83,614 $143,802
2014 $2,266 $222,962 $81,976 $140,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16115924

California Regional Multiple Listing Service (CRMLS)

APN: 453-162-36