NOT LISTED FOR SALE

Estimated Value: $786,000 - $982,561

2 Beds
1.5 Baths
1,204 Sq Ft
$370/mo HOA Fee

Last Sold July 10, 2020

Last sale price $490,000 $407 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,563/month

168 Days on Market

Highlights

  • Water Views
  • Community Lake
  • Community Pool
  • Santiago Hills Elementary School Rated A
  • End Unit
  • Tennis Courts

About This Home

As of July 2020

The home is located in an amazing community, with plenty of amenities and the competitive price makes this home a rare investment
opportunity for Irvine. This home features 2 bedrooms and multiple bathrooms making this layout perfect for a family or even single
residents. The home also features an ADDITIONAL LOFT for extra living space. The home is roomy and spacious and features a wonderful
fireplace in the living room. This home is minutes walk away from elementary, middle, and high school. This home is also located close to
shopping, the freeways, entertainment, and much more! Come see this home today!!!

Last Agent to Sell the Property

Amy Chen

Re/Max Premier Realty License #01847630 Listed on: 01/03/2020

Re/Max Premier Realty

Last Buyer's Agent

Aboush Abaii

MORI Properties International License #01479874

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,523

Year Built

  • Built in 1977

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $370 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 1,204 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Water Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 224
  • Tax Tract Number 9423
  • Assessor Parcel Number 53014534

Community Details

Overview

  • 100 Units
  • The Lake Association, Phone Number (949) 716-3998
  • The Lakes HOA
  • Community Lake

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,523

Year Built

Built in 1977

Lot Details

0

HOA Fees

$370 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: The Lakes (LK)
  • View: Yes
  • Zoning: PUD
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 53014534
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1204.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 406.98
  • Room Type: All Bedrooms Up, Family Room, Master Bathroom, Walk-In Closet

Exterior Features

  • View: Water
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 370.00
  • Association Fee Frequency: Monthly
  • Association Name: The lake
  • Phone: 949-716-3998
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Lake
  • Association Management: The Lakes

Schools

  • School District: Irvine Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 902.00
  • Lot Size Acres: 0.0207

Multi Family

  • Lease Considered: No
  • Lot Size Area: 902.0000 Square Feet
  • Number Of Units In Community: 100
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 524.21
  • Tax Lot: 224
  • Tax Tract Number: 9423

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 3, 2021
Sold by
Truong Deborah Lee and Truong Anthony Quoc
Bought by
Truong Deborah Lee and Truong Anthony Quoc
Current Estimated Value
$868,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Outstanding Balance
$417,515
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$443,375

Purchase Details

Listed on
Jun 20, 2018
Closed on
Aug 31, 2018
Sold by
Yan Lei
Bought by
Lin Jean
Seller's Agent
Richard Wamsat
Coldwell Banker Realty
Buyer's Agent
Amy Chen
Re/Max Premier Realty
List Price
$510,000
Sold Price
$515,000
Premium/Discount to List
$5,000
0.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$360,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2017
Sold by
Yan Lei
Bought by
Yan Lei and The Lei Van Living Trust

Purchase Details

Closed on
Dec 18, 2008
Sold by
Federal National Mortgage Association
Bought by
Yan Lei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2008
Sold by
Hwang Hyun Sik
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 28, 2004
Sold by
Scott Susan G
Bought by
Hwang Hyun Sik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 1997
Sold by
Anthony Michael J and Anthony Michelle D
Bought by
Scott Susan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,300
Interest Rate
7.54%

Purchase Details

Closed on
Jan 10, 1997
Sold by
Hofseth David K
Bought by
Anthony Michael J and Anthony Michelle D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,200
Interest Rate
7.86%
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
Truong Deborah Lee -- Western Resources Title
Lin Jean $515,000 North American Title Coc
Yan Lei -- None Available
Yan Lei $300,000 Commonwealth Land Title Co
Federal National Mortgage Association $369,738 None Available
Hwang Hyun Sik $385,000 First American Title Co
Scott Susan G $123,000 South Coast Title Company
Anthony Michael J $116,500 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truong Deborah Lee $160,000
Open Truong Deborah Lee $457,500
Closed Lin Jean $360,500
Previous Owner Yan Lei $225,000
Previous Owner Yan Lei $240,000
Previous Owner Hwang Hyun Sik $344,000
Previous Owner Hwang Hyun Sik $86,000
Previous Owner Hwang Hyun Sik $308,000
Previous Owner Scott Susan G $160,000
Previous Owner Scott Susan G $100,000
Previous Owner Truong Deborah Lee $0
Previous Owner Scott Susan G $119,300
Previous Owner Anthony Michael J $76,200
Closed Hwang Hyun Sik $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $490,000 -8.9% $407 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
04/12/2020 04/12/20 Price Changed $538,000 0.0% $447 / Sq Ft
04/12/2020 04/12/20 For Sale $538,000 +9.8% $447 / Sq Ft
04/02/2020 04/02/20 Off Market $490,000 -- --
01/03/2020 01/03/20 For Sale $585,000 0.0% $486 / Sq Ft
11/06/2018 11/06/18 Rented $3,350 +40.5% --
10/10/2018 10/10/18 Price Changed $2,385 -6.5% $2 / Sq Ft
09/13/2018 09/13/18 For Rent $2,550 0.0% --
09/11/2018 09/11/18 Sold $515,000 +1.0% $422 / Sq Ft
07/07/2018 07/07/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $510,000 -- $418 / 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 $5,523 $530,390 $435,504 $94,886
2024 $5,523 $519,991 $426,965 $93,026
2023 $5,379 $509,796 $418,594 $91,202
2022 $5,345 $499,800 $410,386 $89,414
2021 $5,222 $490,000 $402,339 $87,661
2020 $5,609 $525,300 $438,074 $87,226
2019 $5,484 $515,000 $429,484 $85,516
2018 $3,610 $339,526 $238,468 $101,058
2017 $3,534 $332,869 $233,792 $99,077
2016 $3,380 $326,343 $229,208 $97,135
2015 $3,275 $321,442 $225,766 $95,676
2014 $3,210 $315,146 $221,344 $93,802
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20001466

California Regional Multiple Listing Service (CRMLS)

APN: 530-145-34