NOT LISTED FOR SALE

2555 Terrace Sands Ln Oceano, CA 93445

Oceano Neighborhood

Estimated Value: $925,859 - $1,002,000

4 Beds
2.5 Baths
2,042 Sq Ft
$467/Sq Ft Est. Value

Last Sold July 08, 2019

Last sale price $635,000 $311 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,239/month

92 Days on Market

Highlights

  • Newly Remodeled
  • City Lights View
  • Spanish Architecture
  • Arroyo Grande High School Rated A-
  • Property is near public transit
  • High Ceiling

About This Home

As of July 2019

NEW HOMES IN PICTURESQUE SETTING 3 MILES FROM PISMO STATE BEACH...May have to use Original Address -1560 S. Elm Street- for Most Map Apps. Large Master Suite With Views on the borderline of Arroyo Grande, Grover Beach and Oceano depicts One of 12 New Homes being built in the Ocean Ridge Subdivision Lot 6 Plan B "The Point". Featuring an Exclusive Private Entrance to Terrace Sands Lane, a Cul-de-Sac Bordering the Old Avocado Ranch and Overlooking the Rutiz Family Farm with North Westerly Views to the Santa Lucia Mountain Range, Pismo Heights, and Port San Luis Point. Spanish Mission Style, Tile Roof, Rain Gutters with Underground Drainage, Front Yard Landscaping, with Fenced Side & Backyard; Energy Efficient with Low-Flow Water Fixtures and Tankless Re-Circ Water Heater, Insulated Interior Walls, Ceilings, and Garage. Reverse Osmosis and Water Softener Plumbed in Garage, Solid Core Doors, 9' Ceilings; Indoor Laundry Includes Cabinets and Finished Utility Sink, Well Appointed Kitchen With Stainless Samsung Appliances and Peninsula, Low-Maintenance Caesar Stone Quartz Countertops Throughout Home, Mannington Luxury Vinyl Tile Flooring, Soft-Close Shaker Style Cabinets with Maple Drawers and Roll-Out Trash Bins, Wall Plumbed for Ice Maker; Master Bath Includes a Separate Shower, Soaking Tub, Large Walk-in Closet, Porcelain Tile Finish with Quartz Countertops. Purchase Includes a 2-10 Buyers Home Warranty. Preferred Lender offering $3000 toward closing costs.

Last Agent to Sell the Property

Lois Trompeter

Premier Realty Associates License #01225655 Listed on: 01/30/2019

Premier Realty Associates

Last Buyer's Agent

Mandy McMahon

Coastal Connection Real Estate License #01927614

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,418

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 3,825 Sq Ft Lot
  • Cul-De-Sac
  • South Facing Home
  • Privacy Fence
  • Wood Fence
  • New Fence
  • Drip System Landscaping
  • Level Lot
  • Front and Back Yard Sprinklers
  • Back and Front Yard

HOA Fees

  • $118 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Guest Parking

Property Views

  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • Spanish Architecture
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 2,042 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Living Room with Fireplace
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Microwave
  • Quartz Countertops
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Quartz Bathroom Countertops
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Low Flow Toliet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Location

  • Property is near public transit

Schools

  • Arroyo Grande High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater

Community Details

  • Ocean Ridge Association, Phone Number (805) 712-3334
  • Built by Mike Bogle Construction, Inc.
  • The Point "B"
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number 062074025

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,418

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$118 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Smoke Detector(s)
  • Subdivision Name Other: Ocean Ridge
  • View: Yes
  • Architectural Style: Spanish
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 062074025
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2042.00 Square Feet
  • Interior Amenities: High Ceilings, Recessed Lighting
  • Stories: 2
  • Entry Location: Main Level
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 310.97
  • Room Type: All Bedrooms Up
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Linen Closet/Storage, Privacy Toilet Door, Quartz Counters, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Built-In Trash/Recycling, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: City Lights, Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: New Condition, Privacy, Wood
  • Builder Name: Mike Bogle Construction, Inc.
  • Patio And Porch Features: Concrete, Covered, Front Porch
  • Pool Private: No
  • Roof: Spanish Tile
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Front, Garage Door Opener, Guest, Private
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Microwave, Tankless Water Heater
  • Electric: Standard
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds
  • Association Fee: 118.47
  • Association Fee Frequency: Monthly
  • Association Name: Ocean Ridge
  • Phone: 8057123334
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Schools

  • School District: Lucia Mar Unified
  • High School: Arroyo Grande
  • High School: Arroyo Grande
  • High School2: ARRGR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Level with Street, Near Public Transit, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 3825.00
  • Lot Size Acres: 0.0878
  • Latitude Manual: 35.10254700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3825.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2019
Closed on
Jul 3, 2019
Sold by
Cal Projects Llc
Bought by
Schmidt Julianne and Schmidt Michael
Seller's Agent
Lois Trompeter
Premier Realty Associates
Buyer's Agent
Mandy McMahon
Coastal Connection Real Estate
List Price
$649,900
Sold Price
$635,000
Premium/Discount to List
-$14,900
-2.29%
Current Estimated Value
$1,004,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,983
Avg. Annual Appreciation
7.29%
Original Mortgage
$508,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2019
Sold by
Cal Projects Llc
Bought by
Ocean Ridge Homeowners Association
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
Schmidt Julianne $635,000 First American Title Company
Ocean Ridge Homeowners Association -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Julianne $505,000
Closed Schmidt Julianne $506,000
Closed Schmidt Julianne $508,000
Previous Owner Cal Projects Llc $436,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $635,000 -0.8% $311 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/04/2019 04/04/19 Price Changed $639,900 -1.5% $313 / Sq Ft
01/30/2019 01/30/19 For Sale $649,900 -- $318 / 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 $7,418 $694,460 $246,068 $448,392
2024 $7,335 $680,844 $241,244 $439,600
2023 $7,335 $667,495 $236,514 $430,981
2022 $7,227 $654,408 $231,877 $422,531
2021 $7,212 $641,578 $227,331 $414,247
2020 $7,132 $635,000 $225,000 $410,000
2019 $6,935 $630,222 $155,222 $475,000
2018 $1,416 $127,669 $127,669 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP19022650

California Regional Multiple Listing Service (CRMLS)

APN: 062-074-025