NOT LISTED FOR SALE

2540 Rainbow Falls Cir Corona, CA 92881

South Corona Neighborhood

Estimated Value: $1,080,000 - $1,107,000

4 Beds
3 Baths
3,137 Sq Ft
$350/Sq Ft Est. Value

Last Sold October 07, 2024

Last sale price $1,130,000 $360 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,007/month

9 Days on Market

Highlights

  • In Ground Pool
  • Solar Power System
  • Open Floorplan
  • Susan B. Anthony Elementary School Rated A
  • Updated Kitchen
  • Contemporary Architecture

About This Home

As of October 2024

Welcome to 2540 Rainbow Falls Circle, a Beautifully Upgraded Home in South Corona, Offering Exceptional Features and Modern Amenities. Upon Entering, You are Greeted by a High-Ceiling Living Room Filled with Natural Light, Seamlessly Flowing into the Dining Room with Views of the Backyard. The Remodeled Kitchen Showcases Elegant White Cabinets, Granite Counters, Tile Backsplash, Recessed Lighting and New Blinds. Stainless Steel Appliances, Including a Cooktop/Oven, Microwave, Dishwasher and Sink, All Elevate the Kitchen's Functionality. The Island Provides Extra Storage, and an Additional Buffet Area Adds Even More. The Kitchen Opens to the Family Room, Where a Raised Hearth Gas Fireplace and Built-In Media Cabinet Create a Cozy Gathering Space. A Double-Door Down Stairs Bedroom with a Closet, a Full Bathroom, and a Laundry Room with Ample Storage and a Utility Sink Complete the Downstairs Layout. Upstairs, You'll Find a Large Bonus Room, a Full Bathroom, and Two Bedrooms with Blinds and Ceilings Fans- One of Which Features Charming Wainscoting. The Spacious Primary Bedroom Offers Serene Backyard Views and Leads to a Remodeled Bathroom with Extensive Counter Space, Dual Sinks, a Soaking Tub, a Glass Enclosed Shower with Extra Jets, a Privacy Toilet, and a Walk In and Secondary Closets. The Home Also Boasts Significant Owner Upgrades, Including Tesla Solar, Repiped Whole House Plumbing with PEX, New Window Screens on the Entire House, a New Upstairs A/C and Forced Air System, Rain Gutters, and a Freshly Painted Exterior. The Backyard is an Entertainer's Dream, with a Stunning Pool and Spa with Recently Added: New Heater, Booster Pump and Filter. the Expansive Wood Patio Cover Spans the Entire Back of the Home, Featuring a Cooking Island with a Built In Barbecue and Refrigerator, and the New Vinyl Fencing and Mature Landscape Create a Tropical Oasis. There is a Three Car Garage, Room fot RV Parking, Low Taxes and NO HOA Make This Home All You Need in a Property. Conveniently Located Near Award-Winning Schools, Shopping and Restaurants, this is a Must See. Call Today to Schedule Your Showing!

Last Agent to Sell the Property

Shelly Larez

Re/Max Partners Brokerage Phone: 951-847-5640 License #01960402 Listed on: 08/26/2024

Re/Max Partners

Last Buyer's Agent

Mariana Shenoda

Mariana Shenoda, Broker License #01959623

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2000

Lot Details

  • 8,276 Sq Ft Lot
  • Cul-De-Sac
  • Wrought Iron Fence
  • Vinyl Fence
  • Wood Fence
  • Block Wall Fence
  • New Fence
  • Drip System Landscaping
  • Corner Lot
  • Rectangular Lot
  • Gentle Sloping Lot
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway Up Slope From Street
  • RV Potential

Home Design

  • Contemporary Architecture
  • Patio Home
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,137 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Wainscoting
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Raised Hearth
  • Gas Fireplace
  • Shutters
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Panel Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Storage
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 3 Full Bathrooms
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System
  • Solar owned by a third party

Pool

  • In Ground Pool
  • In Ground Spa
  • Gas Heated Pool

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Schools

  • Susan B Anthony Elementary School
  • Citrus Hills Middle School
  • Santiago High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts For Spa
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 289
  • Assessor Parcel Number 120451014
  • $1,350 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Patio Shades, Outdoor Barbecue, Outdoor Refrigerator
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: .
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 120451014
  • Year Built: 2000
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3137.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Storage, Two Story Ceilings, Wainscoting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: Area, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Gas, Gas Starter, Raised Hearth
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 360.22
  • Room Type: Bonus Room, Family Room, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Office, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, In Ground
  • Window Features: Blinds, Drapes, Shutters
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower In Tub, Double Sinks In Bath(s), Double Sinks In Primary Bath, Exhaust Fan(s), Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Vanity Area
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, New Condition, Vinyl, Wood, Wrought Iron
  • Patio And Porch Features: Concrete, Patio, Patio Open
  • Pool Features: Private, Gas Heat, In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Glass, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, Garage - Two Door, Garage Door Opener, RV Potential
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Recirculated Exhaust Fan, Self Cleaning Oven, Tankless Water Heater, Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts For Spa, 220 Volts in Laundry, Electricity - On Property, Photovoltaics Third-Party Owned
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Street Lights, Suburban

Schools

  • Elementary School: Susan B Anthony
  • High School: Santiago
  • Middle Or Junior School: Citrus Hills
  • Elementary School #2: SUBAN
  • High School2: SANTIA

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Cul-De-Sac, Front Yard, Gentle Sloping, Landscaped, Lawn, Lot 6500-9999, Rectangular Lot, Patio Home, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8276.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 418.10
  • Tax Lot: 14
  • Tax Tract Number: 289...
  • TaxOtherAnnualAssessmentAmount: 1350.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Sep 5, 2024
Sold by
Tice Michael W
Bought by
Mousa Michael E and Mousa Marlene L
Seller's Agent
Shelly Larez
Re/Max Partners
Buyer's Agent
Mariana Shenoda
Mariana Shenoda, Broker
List Price
$1,100,000
Sold Price
$1,130,000
Premium/Discount to List
$30,000
2.73%
Views
29
Current Estimated Value
$1,054,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,312
Avg. Annual Appreciation
-2.13%
Original Mortgage
$847,500
Outstanding Balance
$837,955
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$260,398

Purchase Details

Closed on
Aug 7, 2019
Sold by
Tice Michael W and Tice Donna M
Bought by
Tice Michael W and Tice Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,100
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2019
Sold by
Tice Donna M and Tice Michael W
Bought by
Tice Michael W and Tice Donna M

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
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2017
Sold by
Tice Michael W and Tice Donna M
Bought by
Tice Michael W and Tice Donna M

Purchase Details

Closed on
May 31, 2000
Sold by
Corona 88/Af Xix Ltd
Bought by
Tice Michael W and Tice Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,400
Interest Rate
8.2%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mousa Michael E $1,130,000 Lawyers Title
Tice Michael W -- Accommodation
Tice Michael W -- Ticor Title Company Of Ca
Tice Michael W -- Accommodation
Tice Michael W -- Ticor Title
Tice Michael W -- None Available
Tice Michael W $288,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mousa Michael E $847,500
Previous Owner Tice Michael W $484,100
Previous Owner Tice Michael W $480,000
Previous Owner Tice Michael W $230,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2024 10/07/24 Sold $1,130,000 +2.7% $360 / Sq Ft
09/07/2024 09/07/24 For Sale $1,100,000 -2.7% $351 / Sq Ft
09/04/2024 09/04/24 Off Market $1,130,000 -- --
09/04/2024 09/04/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $1,100,000 -- $351 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,364 $1,130,000 $339,002 $790,998
2023 $6,364 $447,728 $94,125 $353,603
2022 $6,151 $438,950 $92,280 $346,670
2021 $6,032 $430,344 $90,471 $339,873
2020 $5,958 $425,933 $89,544 $336,389
2019 $5,825 $417,583 $87,789 $329,794
2018 $6,344 $409,396 $86,069 $323,327
2017 $6,408 $401,370 $84,382 $316,988
2016 $6,475 $393,501 $82,728 $310,773
2015 $6,367 $387,593 $81,487 $306,106
2014 $6,224 $380,003 $79,892 $300,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24173622

California Regional Multiple Listing Service (CRMLS)

APN: 120-451-014