NOT LISTED FOR SALE

Estimated Value: $2,507,000 - $3,066,000

4 Beds
4 Baths
3,695 Sq Ft
$758/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $2,068,888 $560 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $17,759/month

7 Days on Market

Highlights

  • 24-Hour Security
  • Primary Bedroom Suite
  • Dual Staircase
  • Ladera Elementary School Rated A
  • Updated Kitchen
  • Fireplace in Primary Bedroom

About This Home

As of October 2021

Do you live for dinner parties? If you're happiest when hosting the party at your house then que up the guest list because 2355 Pieper is an entertainer’s dream.
Great energy, abundant natural light and a terrific flow make this home very inviting so open the front door and let the magic begin….An extensive remodel replaced or improved virtually every surface in this home which beautifully blends modern and classic design elements. Remodel Highlights Include: Porcelain and richly colored engineered wood flooring throughout, chandeliers, refaced cabinets, granite counters, stainless appliances, gorgeous backsplash, neutral color scheme, custom wrought iron staircase, recessed LED lighting, ceiling fans, wood casings framing every window, and a whole house re-pipe. All bathrooms are remodeled with Toto toilets, newer fixtures, counters and stonework. For those that like a good workout, the 3rd car garage is a must see.
The water heater, garage doors, garage door openers were all replaced, a new variable speed waterfall pump was just added in the backyard. Brass lighting illuminates the low maintenance exterior which is a great place to relax with a fireplace, bbq, covered patio, serene waterfall and meandering stream. This corner lot home is located behind Township Gate, the 24 Hour Guard Gated Community of Madrid across from Tustin Ranch Golf Course. Great TUSD Schools: Ladera, Pioneer, Beckman

Last Agent to Sell the Property

Linda Beck

Keller Williams Realty Irvine License #01212185 Listed on: 08/26/2021

Keller Williams Realty Irvine

Last Buyer's Agent

Michael Mitani

Prism Link Properties License #01957829

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,548

Year Built

  • Built in 1999 | Remodeled

Lot Details

  • 7,538 Sq Ft Lot
  • Block Wall Fence
  • Drip System Landscaping
  • Corner Lot
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Planned Development
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,695 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Crown Molding
  • Coffered Ceiling
  • Brick Wall or Ceiling
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Casement Windows
  • Window Screens
  • French Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Dining Room
  • Bonus Room
  • Home Gym
  • Wood Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Built-In Trash or Recycling Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • Jack-and-Jill Bathroom
  • 4 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Ladera Elementary School
  • Pioneer Middle School
  • Beckman High School

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 15420
  • Assessor Parcel Number 50127140
  • $1,697 per year additional tax assessments

Community Details

Overview

  • Madrid Association, Phone Number (714) 692-1670
  • Lordon Mgmt Association, Phone Number (800) 729-5673
  • Encore Mgmt HOA
  • Built by John Laing
  • Madrid Subdivision

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,548

Year Built

Built in 1999 | Remodeled

Lot Details

0

HOA Fees

$163 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Madrid (MADR)
  • View: No
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 50127140
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3695.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Brick Walls, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Two Story Ceilings
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors, Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 559.92
  • Room Type: All Bedrooms Up, Bonus Room, Entry, Exercise Room, Family Room, Foyer, Jack & Jill, Laundry, Master Bedroom, Master Suite, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Window Features: Casement Windows, Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Bidet, Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Privacy Toilet Door, Remodeled, Separate Tub And Shower, Upgraded
  • Room Kitchen Features: Built-In Trash/Recycling, Butler's Pantry, Granite Counters, Kitchen Island, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Builder Name: John Laing
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Freezer, Disposal, Gas Cooktop, Microwave, Range Hood, Refrigerator
  • Electric: Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: TRCA III
  • Amenities: Pet Rules, Guard, Security
  • Association Fee: 75.00
  • Association #2 Fee: 88.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Madrid
  • Phone: 714-692-1670
  • Association Phone #2: 800-729-5673
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Encore Mgmt
  • Association Management 2: Lordon Mgmt

Schools

  • School District: Tustin Unified
  • Elementary School: Ladera
  • Middle School: Pioneer
  • High School: Beckman
  • Elementary School: Ladera
  • High School: Beckman
  • Middle Or Junior School: Pioneer
  • Elementary School #2: LADERA
  • High School2: BECKMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Sprinklers Drip System, Yard
  • Lot Size Sq Ft: 7538.00
  • Lot Size Acres: 0.1730

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7538.0000 Square Feet
  • Number Of Units In Community: 75
  • Number Of Units Total: 75

Tax Info

  • Tax Census Tract: 756.06
  • Tax Lot: 20
  • Tax Tract Number: 15420
  • TaxOtherAnnualAssessmentAmount: 1697.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Sep 10, 2021
Sold by
Favakehi Ramin and Rajaeeyan Modj
Bought by
Wong Philip and Wong Connie
Seller's Agent
Linda Beck
Keller Williams Realty Irvine
Buyer's Agent
Michael Mitani
Prism Link Properties
List Price
$1,988,000
Sold Price
$2,068,888
Premium/Discount to List
$80,888
4.07%
Total Days on Market
7
Current Estimated Value
$2,799,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,076
Avg. Annual Appreciation
8.59%
Original Mortgage
$1,344,000
Outstanding Balance
$1,236,192
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,563,772

Purchase Details

Closed on
Aug 23, 2016
Sold by
Rajaeeyan Modj
Bought by
The Favakehi Rajaeeyan Family Trust

Purchase Details

Closed on
Apr 15, 2011
Sold by
Favakehi Ramin
Bought by
Rajaeeyan Modj

Purchase Details

Closed on
Nov 12, 2004
Sold by
Rahaeeyan Modj
Bought by
Favakehi Ramin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 3, 2004
Sold by
Jo Eung Joon
Bought by
Favakehi Ramin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 9, 2002
Sold by
Jo Yungsun
Bought by
Jo Eung Joon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.13%

Purchase Details

Closed on
Apr 1, 2002
Sold by
Xie Zhong Sheng and Yao Suhua
Bought by
Jo Eung Joon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.13%

Purchase Details

Closed on
Nov 8, 1999
Sold by
Wl Homes Llc
Bought by
Xie Zhong Sheng and Yao Suhua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.68%
Mortgage Type
Stand Alone First
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 Buyer Sale Price Title Company
Wong Philip $2,069,000 Fidelity Natl Ttl Orange Cnt
The Favakehi Rajaeeyan Family Trust -- None Available
Rajaeeyan Modj -- None Available
Favakehi Ramin -- Orange Coast Title
Favakehi Ramin $1,000,000 Orange Coast Title
Jo Eung Joon -- American Title
Jo Eung Joon $800,000 American Title
Xie Zhong Sheng $615,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Philip $1,344,000
Previous Owner Favakehi Ramin $1,148,000
Previous Owner Favakehi Ramin $1,175,000
Previous Owner The Favakehi Rajaeeyan Family Trust $425,000
Previous Owner The Favakehurajaeeyan Family Trust $744,000
Previous Owner Rajaeeyan Modj $737,500
Previous Owner Favakehi Ramin $250,000
Previous Owner Favakehi Ramin $500,000
Previous Owner Jo Eung Joon $480,000
Previous Owner Xie Zhong Sheng $70,000
Previous Owner Xie Zhong Sheng $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $2,068,888 +4.1% $560 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $1,988,000 -- $538 / 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 $22,548 $2,152,470 $1,468,446 $684,024
2023 $22,036 $2,110,265 $1,439,653 $670,612
2022 $23,126 $2,068,888 $1,411,425 $657,463
2021 $14,819 $1,287,760 $738,950 $548,810
2020 $14,618 $1,274,556 $731,373 $543,183
2019 $14,334 $1,249,565 $717,032 $532,533
2018 $14,028 $1,225,064 $702,972 $522,092
2017 $13,633 $1,201,044 $689,189 $511,855
2016 $13,453 $1,177,495 $675,676 $501,819
2015 $13,301 $1,159,808 $665,526 $494,282
2014 $13,138 $1,137,089 $652,489 $484,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21185860

California Regional Multiple Listing Service (CRMLS)

APN: 501-271-40