NOT LISTED FOR SALE

Estimated Value: $1,210,000 - $1,411,000

3 Beds
2.5 Baths
2,081 Sq Ft
$221/mo HOA Fee

Last Sold May 08, 2020

Last sale price $820,000 $394 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,384/month

34 Days on Market

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Loft
  • Gated Community
  • Traditional Architecture
  • High Ceiling

About This Home

As of May 2020

Welcome to Cornerstone Lane, a collection of 37 homes built in 2006 designed with a focus on upscale coastal living. The beautifully manicured and gated community is centrally located just minutes from The Upper Newport Bay (Back Bay), Mesa Verde Country Club, Costa Mesa Country Club, The Camp, The Lab, SoCo Collection, South Coast Plaza, The Segerstrom Center for the Arts, and less than 4 miles to the beach. 2540 is a pristinely kept turnkey home with 3 bedrooms, 2.5 bathrooms, and a large loft upstairs that was originally a builder option to be a 4th bedroom. Downstairs you have a spacious living room with a gas fireplace, an open kitchen with stainless steel appliances and granite counters, an open dining area and a family room. The large master suite has a walk-in shower, a large soaking tub, dual vanities, a walk-in closet and a separate water closet. The home includes all of the amenities you would expect in a newer home such as 9’ ceilings, inside laundry room upstairs, recessed lighting, dual pane windows, central heat and A/C, a newer hot water heater, 2 car garage, recently painted interior, and a nicely hardscaped back patio. The home is zoned as a condo but it is fully detached, no shared walls, just like a single-family home. Welcome home to 2540 Cornerstone Lane.

Last Listed By

Jeremiah Secrest

First Team Real Estate License #01784726 Listed on: 02/19/2020

First Team Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,271

Year Built

  • Built in 2006

Lot Details

  • No Common Walls
  • South Facing Home
  • Vinyl Fence
  • Block Wall Fence

HOA Fees

  • $221 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door

Home Design

  • Traditional Architecture
  • Turnkey
  • Planned Development
  • Brick Exterior Construction
  • Slab Foundation
  • Tile Roof
  • Flat Tile Roof
  • Concrete Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,081 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Loft
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Gas Dryer Hookup

Home Security

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Schools

  • Adams Elementary School
  • Tewinkle Middle School
  • Estancia High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 16937
  • Assessor Parcel Number 93207178

Community Details

Overview

  • 37 Units
  • Cornerstone Association, Phone Number (949) 833-2600
  • Built by Richmond America

Recreation

  • Community Playground

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,271

Year Built

Built in 2006

Lot Details

0

HOA Fees

$221 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Refrigerator
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Cornerstone
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93207178
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2081.00 Square Feet
  • Interior Amenities: Copper Plumbing Full, Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Tile Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 394.04
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Loft, Master Bathroom, Master Bedroom, Master Suite, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Window Features: Blinds, Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Privacy Toilet Door, Separate Tub And Shower, Tile Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Vinyl
  • Builder Name: Richmond America
  • Patio And Porch Features: Concrete, Patio, Front Porch
  • Pool Private: No
  • Roof: Concrete, Flat Tile, Tile
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Range Hood, Refrigerator, Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central, Natural Gas, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground
  • Association Fee: 221.00
  • Association Fee Frequency: Monthly
  • Association Name: Cornerstone
  • Phone: 949-833-2600
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Cornerstone

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Adams
  • Middle School: Tewinkle
  • High School: Estancia
  • Elementary School: Adams
  • High School: Estancia
  • Middle Or Junior School: Tewinkle
  • Elementary School #2: ADAMS
  • High School2: ESTANC

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 3500.00
  • Lot Size Acres: 0.0803
  • Latitude Manual: 33.66580100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3500.0000 Square Feet
  • Number Of Units In Community: 37
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 638.07
  • Tax Lot: 5
  • Tax Tract Number: 16937

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2020
Sold by
Bathan Jeffrey B and Vo Monique N
Bought by
Huq Mary Samuel and Huq Saiful
Total Days on Market
34
Current Estimated Value
$1,305,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2012
Sold by
Vo Monique and Bathan Jeffrey B
Bought by
Bathan Jeffrey B and Vo Monique N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2012
Sold by
Bathan Jeffrey B and Vo Monique
Bought by
Vo Monique and Barhan Jeffrey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2007
Sold by
Richmond American Homes Of Ca Inc
Bought by
Bathan Jeffrey B and Vo Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.29%
Mortgage Type
New Conventional

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
Huq Mary Samuel $820,000 Ticor Title Company
Bathan Jeffrey B -- None Available
Vo Monique -- Calcounties Title Nation
Bathan Jeffrey B $620,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huq Mary Samuel $656,000
Previous Owner Vo Monique $367,000
Previous Owner Bathan Jeffrey B $383,600
Previous Owner Bathan Jeffrey B $390,000
Previous Owner Bathan Jeffrey B $405,000
Previous Owner Bathan Jeffrey B $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2020 05/08/20 Sold $820,000 -1.1% $394 / Sq Ft
02/19/2020 02/19/20 For Sale $829,000 -- $398 / 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 $10,271 $879,204 $475,617 $403,587
2023 $9,943 $861,965 $466,291 $395,674
2022 $9,628 $845,064 $457,148 $387,916
2021 $9,353 $828,495 $448,185 $380,310
2020 $8,455 $744,643 $305,899 $438,744
2019 $8,275 $730,043 $299,901 $430,142
2018 $8,108 $715,729 $294,021 $421,708
2017 $7,970 $701,696 $288,256 $413,440
2016 $7,797 $687,938 $282,604 $405,334
2015 $7,578 $664,000 $272,906 $391,094
2014 $7,542 $664,000 $272,906 $391,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20036990

California Regional Multiple Listing Service (CRMLS)

APN: 932-071-78