$2,540,000
SOLD NOV 30, 2017
4 Beds
2.5 Baths
1,956 Sq Ft
8,600 Sq Ft Lot

Recently Sold

$1,299 Per Sq Ft

6% Below List Price

16 Days on Market

Highlights

  • Community Playground
  • Laundry Room
  • 2-minute walk to Irvine Terrace Park
  • Abraham Lincoln Elementary School Rated A
  • 1-Story Property

About This Home

As of November 2024

Fantastic opportunity to do a total remodel or rebuild in the coveted Irvine Terrace community. Current structure is approximately 2000 square feet on an 8600 square foot lot. Located just one house away from Irvine Terrace Park and close to shopping, Balboa Island and beaches. Good developer opportunity.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 10/20/2017

Compass

Co-Listed By

Robert Pfeif

Pfeif Group, Inc. License #01292044

Last Buyer's Agent

Jodi DiTolla

EDWARD ALLAN REAL ESTATE License #01969994

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,617

Year Built

  • Built in 1958

Lot Details

  • 8,600 Sq Ft Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,956 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 2813
  • Assessor Parcel Number 05032113

Community Details

Overview

  • First Service Residential Association, Phone Number (800) 428-5588

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,617

Year Built

Built in 1958

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05032113
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1956.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1298.57
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground
  • Association Fee: 50.00
  • Association Fee Frequency: Monthly
  • Association Name: first Service Residential
  • Phone: 800-428-5588
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8600.00

Multi Family

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

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 9
  • Tax Tract Number: 2813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Oct 31, 2024
Sold by
Ispas Family Revocable Trust and Ispas Mihai Dan
Bought by
Solhpour Saghari Trust and Solhpour
Seller's Agent
Pierce Kar
The Oppenheim Group
Buyer's Agent
Pierce Kar
The Oppenheim Group
List Price
$7,995,000
Sold Price
$6,950,000
Premium/Discount to List
-$1,045,000
-13.07%
Views
147
Current Estimated Value
$7,711,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$761,790
Avg. Annual Appreciation
16.79%
Original Mortgage
$950,000
Outstanding Balance
$942,620
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$6,769,170

Purchase Details

Listed on
Mar 6, 2020
Closed on
Jun 17, 2020
Sold by
Stonewood Luxury Homes Llc
Bought by
Ispas Mihai Dan and Ispas Anca
Seller's Agent
Jodi DiTolla
DiTolla Real Estate
Buyer's Agent
Vivian Caravia
HOME SOURCE REAL ESTATE
List Price
$5,895,000
Sold Price
$5,400,000
Premium/Discount to List
-$495,000
-8.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%

Purchase Details

Listed on
Oct 20, 2017
Closed on
Nov 13, 2017
Sold by
Bear Dayna Ann
Bought by
Stonewood Luxury Homes Llc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Jodi DiTolla
EDWARD ALLAN REAL ESTATE
List Price
$2,695,000
Sold Price
$2,540,000
Premium/Discount to List
-$155,000
-5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.51%
Original Mortgage
$350,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 1, 2010
Sold by
Williamson Patricia C
Bought by
Williamson Patricia C and Patricia C Williamson Family Trust

Purchase Details

Closed on
Mar 31, 2008
Sold by
Williamson B W
Bought by
Williamson B W and B W Williamson Trust Living Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,950,000 Lawyers Title
Grant Deed $6,950,000 Lawyers Title
Grant Deed $5,400,000 Lawyers Title Company
Grant Deed $2,540,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $950,000 New Conventional
Closed $950,000 New Conventional
Previous Owner $0 No Value Available
Previous Owner $1,270,000 Construction
Previous Owner $255,000 Unknown
Previous Owner $350,000 Future Advance Clause Open End Mortgage
Previous Owner $1,900,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Sold $6,950,000 -13.1% $1,544 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $7,995,000 +15.0% $1,777 / Sq Ft
10/18/2024 10/18/24 Off Market $6,950,000 -- --
08/01/2024 08/01/24 For Sale $7,995,000 +48.1% $1,777 / Sq Ft
07/10/2020 07/10/20 Sold $5,400,000 -8.4% $1,200 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $5,895,000 +132.1% $1,310 / Sq Ft
11/30/2017 11/30/17 Sold $2,540,000 -5.8% $1,299 / Sq Ft
10/20/2017 10/20/17 For Sale $2,695,000 -- $1,378 / 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 $60,617 $5,730,523 $4,132,096 $1,598,427
2023 $59,202 $5,618,160 $4,051,074 $1,567,086
2022 $58,226 $5,508,000 $3,971,641 $1,536,359
2021 $57,106 $5,400,000 $3,893,765 $1,506,235
2020 $42,657 $4,017,317 $2,496,611 $1,520,706
2019 $26,093 $2,447,658 $2,447,658 $0
2018 $27,047 $2,540,000 $2,399,665 $140,335
2017 $2,606 $221,134 $142,699 $78,435
2016 $2,549 $216,799 $139,901 $76,898
2015 $2,522 $213,543 $137,800 $75,743
2014 $2,462 $209,360 $135,100 $74,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17240165

California Regional Multiple Listing Service (CRMLS)

APN: 050-321-13