NOT LISTED FOR SALE

Estimated Value: $6,209,000 - $6,489,000

5 Beds
4.5 Baths
4,550 Sq Ft
$1,397/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $4,020,000 $884 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $38,379/month

6 Days on Market

Highlights

  • Fitness Center
  • Private Pool
  • 0.3 Acre Lot
  • Vista Verde Rated A+
  • View of Trees or Woods
  • Clubhouse

About This Home

As of April 2021

Set on an expansive lot spanning more than 13,000 square feet, 24 Crest Terrace offers city light and canyon side views from what is arguably one of the most desirable backyards in all of Turtle Ridge. Outdoor spaces include a private courtyard, pool, and spa, small grassland, built-in BBQ with bar-style seating and large dining area, plus an oversized fireplace perfect for taking in the sunsets while entertaining friends and family. Inside you will enjoy a versatile floor plan with quality design features, five bedrooms, four- and one-half baths, a professionally appointed kitchen, and approximately 4,550 square feet of living space including a bonus room and main level office casita. Additional luxuries consist of beautiful French doors melding indoor-outdoor living, formal living room with vaulted ceilings, formal dining room, four-car garage, Solar and Tesla charger. Conveniently located to award-winning Vista Verde Elementary and the renowned University High with a wealth of community amenities, this combination of privacy and generous lot size are seldom available within the community.

Last Agent to Sell the Property

Jim Watson

Real Broker License #01196080 Listed on: 03/01/2021

Real Broker

Co-Listed By

TJ Romano

Real Broker License #02003373

Last Buyer's Agent

Jim Watson

Real Broker License #01196080 Listed on: 03/01/2021

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,845

Year Built

  • Built in 2004

Lot Details

  • 0.3 Acre Lot
  • Back and Front Yard

HOA Fees

  • $478 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Woods
  • Hills

Home Design

  • Planned Development

Interior Spaces

  • 4,550 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Pool

  • Private Pool
  • Spa

Schools

  • Vista Verde Elementary And Middle School
  • University High School

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 173
  • Tax Tract Number 16312
  • Assessor Parcel Number 47837114

Community Details

Overview

  • The Summit At Turtle Ridge Association, Phone Number (949) 854-1373
  • Seabreeze HOA
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities
  • Meeting Room
  • Recreation Room

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,845

Year Built

Built in 2004

Lot Details

0

HOA Fees

$478 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47837114
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4550.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 883.52
  • Room Type: Family Room, Living Room, Main Floor Bedroom
  • Spa Features: Private, Association, Community

Exterior Features

  • View: Hills, Trees/Woods
  • Pool Features: Private, Association, Community
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Hiking Trails, Gym/Ex Room, Clubhouse, Banquet Facilities, Recreation Room, Meeting Room, Maintenance Grounds, Management, Guard, Security, Controlled Access
  • Association Fee: 478.00
  • Association Fee Frequency: Monthly
  • Association Name: The Summit at Turtle Ridge
  • Phone: 949.854.1373
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Park, Street Lights
  • Association Management: Seabreeze

Schools

  • School District: Irvine Unified
  • Elementary School: Vista Verde
  • Middle School: Vista Verde
  • High School: University
  • Elementary School: Vista Verde
  • High School: University
  • Middle Or Junior School: Vista Verde
  • Elementary School #2: VISVER
  • High School2: UNIVER

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 13031.00
  • Lot Size Acres: 0.2992

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13031.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.04
  • Tax Lot: 173
  • Tax Tract Number: 16312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Mar 10, 2021
Sold by
Yang Donald K and Yang Elaine Y
Bought by
Foster Craig Lynn and Foster Angela Lin
Seller's Agent
Jim Watson
Real Broker
Buyer's Agent
Jim Watson
Real Broker
List Price
$4,188,000
Sold Price
$4,020,000
Premium/Discount to List
-$168,000
-4.01%
Current Estimated Value
$6,355,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,335,893
Avg. Annual Appreciation
10.74%
Original Mortgage
$1,020,000
Outstanding Balance
$917,427
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$5,438,466

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 25, 2018
Sold by
Sadeghi Bahman and Sadeghi Suzan
Bought by
Yang Donald K and Yang Elaine Y
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Jim Watson
Real Broker
List Price
$3,595,000
Sold Price
$3,395,000
Premium/Discount to List
-$200,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$2,376,500
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 8, 2006
Sold by
Mehr Steven O
Bought by
Sadeghi Bahman and Sadeghi Suzan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 13, 2004
Sold by
Standard Pacific Corp
Bought by
Mehr Steven O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$909,029
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
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
Foster Craig Lynn $4,020,000 California Title Company
Yang Donald K $3,395,000 North American Title
Sadeghi Bahman -- Equity Title Company
Mehr Steven O $1,584,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Craig Lynn $1,020,000
Previous Owner Yang Donald K $2,376,500
Previous Owner Sadeghi Bahman $1,980,000
Previous Owner Mehr Steven O $909,029
Closed Mehr Steven O $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2021 04/13/21 Sold $4,020,000 -4.0% $884 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $4,188,000 +23.4% $920 / Sq Ft
06/07/2018 06/07/18 Sold $3,395,000 -5.6% $746 / Sq Ft View Prior Sale
04/02/2018 04/02/18 For Sale $3,595,000 -- $790 / 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 $48,845 $4,351,377 $3,120,745 $1,230,632
2024 $48,845 $4,266,056 $3,059,554 $1,206,502
2023 $47,945 $4,182,408 $2,999,562 $1,182,846
2022 $47,041 $4,100,400 $2,940,747 $1,159,653
2021 $41,562 $3,568,751 $2,531,777 $1,036,974
2020 $41,164 $3,532,158 $2,505,816 $1,026,342
2019 $40,445 $3,462,900 $2,456,682 $1,006,218
2018 $38,832 $3,302,000 $2,278,843 $1,023,157
2017 $36,279 $3,058,000 $2,034,843 $1,023,157
2016 $36,253 $3,058,000 $2,034,843 $1,023,157
2015 $36,153 $3,058,000 $2,034,843 $1,023,157
2014 $34,298 $2,840,292 $1,817,135 $1,023,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21026650

California Regional Multiple Listing Service (CRMLS)

APN: 478-371-14