NOT LISTED FOR SALE

261 Lanai Ln Placentia, CA 92870

Estimated Value: $635,000 - $667,325

2 Beds
1.5 Baths
1,276 Sq Ft
$320/mo HOA Fee

Last Sold January 10, 2018

Last sale price $387,500 $304 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,106/month

125 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Creek or Stream View
  • Community Pool
  • Morse Avenue Elementary School Rated A-
  • Lawn
  • Tennis Courts

About This Home

As of January 2018

Gated community, Placentia Lakes. Association includes swimming pool, spa, sauna, and tennis court. Townhouse setting surrounded by lakes and streams. Large 2 Bedroom with 1.5 bathrooms. Spacious open kitchen. Open living room with brick fireplace. Vaulted ceiling and skylights upstairs. One big bedroom with walk-in closet and guest bedroom has custom bookcase. Peaceful view overlooks running streams. Laundry room off the back patio. One car garage plus one permitted parking space.

Last Agent to Sell the Property

Diana Yan

Sunyan Properties, Inc License #01212194 Listed on: 08/03/2017

Co-Listed By

Samuel Wu

IDEAL REALTY License #00943726

Last Buyer's Agent

Melinda Ting

A + Realty & Mortgage License #01782249

A + Realty & Mortgage

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1983

Lot Details

  • Two or More Common Walls
  • Lawn

HOA Fees

  • $320 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available

Interior Spaces

  • 1,276 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Creek or Stream Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down

Outdoor Features

  • Exterior Lighting

Schools

  • Morse Elementary School
  • Kraemer Middle School
  • Valencia High School

Utilities

  • Central Heating and Cooling System
  • Private Water Source

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 9961
  • Assessor Parcel Number 34031724

Community Details

Overview

  • 50 Units
  • The Placentia Lakes Association, Phone Number (909) 981-4131

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1983

Lot Details

0

HOA Fees

$320 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Placentia Lakes I (PLL1)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 34031724
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1276.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 303.68
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Creek/Stream, Water
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 320.00
  • Association Fee Frequency: Monthly
  • Association Name: The Placentia Lakes
  • Phone: 909-981-4131
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • Elementary School: Morse
  • High School: Valencia
  • Middle Or Junior School: Kraemer
  • Elementary School #2: MORSE
  • High School2: VALENC

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 860.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 50
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 117.21
  • Tax Lot: 44
  • Tax Tract Number: 9961

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Dec 8, 2017
Sold by
Wu Wen Jong
Bought by
Mao Meng
Seller's Agent
Diana Yan
Sunyan Properties, Inc
Buyer's Agent
Melinda Ting
A + Realty & Mortgage
List Price
$390,000
Sold Price
$387,500
Premium/Discount to List
-$2,500
-0.64%
Current Estimated Value
$645,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,081
Avg. Annual Appreciation
6.57%
Original Mortgage
$232,500
Outstanding Balance
$193,474
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$452,108

Purchase Details

Closed on
May 10, 2017
Sold by
Wu Wen Jong
Bought by
Wu Wen Jong and The Wu Family Trust

Purchase Details

Listed on
Feb 22, 2013
Closed on
Mar 11, 2013
Sold by
Lanai Trust #261
Bought by
Wu Jesse
Seller's Agent
Julie Skordas
Harcourts Prime Properties
Buyer's Agent
Emily Hu
Wetrust Realty
List Price
$259,900
Sold Price
$275,000
Premium/Discount to List
$15,100
5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%

Purchase Details

Listed on
Oct 8, 2012
Closed on
Oct 31, 2012
Sold by
Young Gloria M
Bought by
Lanai Trust #261 and Pdq Investments Llc
Seller's Agent
Corey Condit
eXp Realty of California Inc
Buyer's Agent
Corey Condit
eXp Realty of California Inc
List Price
$210,950
Sold Price
$210,000
Premium/Discount to List
-$950
-0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
138.66%

Purchase Details

Closed on
Apr 26, 2006
Sold by
Young Gloria M
Bought by
Young Gloria and The Gloria Young Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,600
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2006
Sold by
Patel Pravin K
Bought by
Young Gloria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,600
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2004
Sold by
Patel Pravin
Bought by
Patel Pravin K and The Patel Living Trust

Purchase Details

Closed on
May 7, 2003
Sold by
Patel Pravin K
Bought by
Patel Pravin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.71%

Purchase Details

Closed on
Apr 10, 2002
Sold by
Mohan Amy
Bought by
Patel Pravin K and Patel Living Trust

Purchase Details

Closed on
Jun 16, 1999
Sold by
Dennis Cramlet and Dennis M
Bought by
Mohan Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
7%

Purchase Details

Closed on
Mar 18, 1998
Sold by
Gillian John B
Bought by
Cramlet Dennis Bruce and Susan Cramlet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,797
Interest Rate
7.15%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mao Meng $387,500 Fidelity National Title Co
Wu Wen Jong -- None Available
Wu Jesse $275,000 First American Title Company
Lanai Trust #261 -- None Available
Young Gloria -- Accommodation
Young Gloria M $387,000 Security Union Title
Patel Pravin K -- --
Patel Pravin K -- --
Patel Pravin K -- --
Mohan Amy $145,000 Orange Coast Title
Cramlet Dennis Bruce $130,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mao Meng $232,500
Previous Owner Young Gloria M $309,600
Previous Owner Patel Pravin K $175,000
Previous Owner Mohan Amy $116,000
Previous Owner Cramlet Dennis Bruce $133,797
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2018 01/10/18 Sold $387,500 -0.6% $304 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
11/24/2017 11/24/17 For Sale $390,000 +0.6% $306 / Sq Ft
10/30/2017 10/30/17 Off Market $387,500 -- --
08/03/2017 08/03/17 For Sale $400,000 +45.5% $313 / Sq Ft
03/22/2013 03/22/13 Sold $275,000 0.0% $216 / Sq Ft View Prior Sale
02/25/2013 02/25/13 Price Changed $274,900 +5.8% $215 / Sq Ft
02/22/2013 02/22/13 For Sale $259,900 +23.8% $204 / Sq Ft
11/28/2012 11/28/12 Sold $210,000 -0.5% $165 / Sq Ft View Prior Sale
11/28/2012 11/28/12 For Sale $210,950 +0.5% $165 / Sq Ft
11/27/2012 11/27/12 Off Market $210,000 -- --
10/08/2012 10/08/12 For Sale $210,950 -- $165 / 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 $4,920 $440,906 $334,140 $106,766
2024 $4,920 $432,261 $327,588 $104,673
2023 $4,836 $423,786 $321,165 $102,621
2022 $4,797 $415,477 $314,868 $100,609
2021 $4,717 $407,331 $308,694 $98,637
2020 $4,727 $403,155 $305,529 $97,626
2019 $4,564 $395,250 $299,538 $95,712
2018 $3,609 $297,619 $204,733 $92,886
2017 $3,552 $291,784 $200,719 $91,065
2016 $3,483 $286,063 $196,783 $89,280
2015 $3,440 $281,767 $193,828 $87,939
2014 $3,340 $276,248 $190,031 $86,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17177685

California Regional Multiple Listing Service (CRMLS)

APN: 340-317-24