NOT LISTED FOR SALE

Estimated Value: $2,195,000 - $2,496,000

4 Beds
2.5 Baths
2,898 Sq Ft
$811/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $1,275,000 $440 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $14,082/month

2 Days on Market

Highlights

  • Spa
  • Gated Community
  • Wood Flooring
  • Ladera Elementary School Rated A
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of June 2018

2620 Palmetto is a Must See Dream Home Located in the Gated Community of Montecito in Tustin Ranch. This Move-In Ready Home Enjoys a Premium Interior Location and Showcases Four Bedrooms and Two and a Half Bathrooms. The Gorgeous Formal Living Room Connects to the Dining Room and Boasts Soaring Ceilings. The Gourmet Kitchen Enjoys Ample Counter and Cabinet Space, Granite Counter Tops, Large Center Island, Stainless Steel Appliances, Double Oven and Kitchen Nook with Direct Backyard Access. The Kitchen Opens Directly to the Family Room, Perfect for Entertaining. The Family Room with Cozy Fireplace Enjoys Views of the Backyard. The Main Floor Master Suite Includes a Remodeled Master Bathroom, Walk-In Closet, Dual Vanities, Shower and Separate Bathtub. The Backyard Features a Lattice Covered Patio, Lush Green Landscaping and Grass. Attached Three Car Garage with Direct Access. Indoor Laundry Room with Built-In Cabinets and Sink. Recessed Lighting and Plantation Shutters throughout the Home. Community Features Include: Gated Community, Resort Style Pool and Spa, Grass Picnic Area, and Tennis Court. Steps Away From Award Winning Tustin Ranch Schools, Tustin Ranch Golf Course, Tustin/Irvine Marketplace, Peters Canyon Park, Irvine Regional Park, and Numerous Hiking and Biking Trails. Excellent Location with Easy Access to the 5 and 55 Freeways as well as 133, 241, and 261 Toll Roads. 2620 Palmetto is a Must See!

Last Agent to Sell the Property

John Katnik

Katnik Brothers R.E. Services License #01881694 Listed on: 05/23/2018

Last Buyer's Agent

Rebecca Baker

First Team Real Estate License #01809683

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,885

Year Built

  • Built in 1994

Lot Details

  • 6,490 Sq Ft Lot
  • Back Yard

HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available

Interior Spaces

  • 2,898 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Recessed Lighting
  • Shutters
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Spa
  • Covered Patio or Porch

Schools

  • Ladera Elementary School
  • Pioneer Middle School
  • Beckman High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 13902
  • Assessor Parcel Number 50109617

Community Details

Overview

  • Montecito Association, Phone Number (714) 634-0611
  • Tustin Ranch 2 Association, Phone Number (714) 634-0611

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,885

Year Built

Built in 1994

Lot Details

0

HOA Fees

$129 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: KB SHOW PHONE
  • Other Phone Number: 714-853-5088
  • Property Attached: No
  • Security: Gated Community
  • Subdivision Name Other: Montecito
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 50109617
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2898.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 439.96
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Walk-In Closet
  • Spa Features: Association
  • Window Features: Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Covered, Patio
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Microwave
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Tustin Ranch 2
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 85.00
  • Association #2 Fee: 44.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Montecito
  • Phone: 714-634-0611
  • Association Phone #2: 714-634-0611
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Tustin Unified
  • Elementary School: Ladera
  • Middle School: Pioneer
  • High School: Beckman
  • Elementary School: Ladera
  • High School: Beckman
  • Middle Or Junior School: Pioneer
  • Elementary School #2: LADERA
  • High School2: BECKMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6490.00

Multi Family

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

Tax Info

  • Tax Census Tract: 756.07
  • Tax Lot: 18
  • Tax Tract Number: 13902

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
May 29, 2018
Sold by
Harris Steven Glenn and Harris Rita Anne Brennan
Bought by
Arakawn Scott Takeshi
Seller's Agent
John Katnik
Katnik Brothers R.E. Services
Buyer's Agent
Rebecca Baker
First Team Real Estate
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$2,351,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,076,487
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
May 22, 2002
Sold by
Laws Dan
Bought by
Harris Steven Glenn and Brennan Harris Rita Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.69%

Purchase Details

Closed on
Jan 29, 1999
Sold by
Lewis Dan and Ditchey Sterling D
Bought by
Laws Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 17, 1998
Sold by
Dan Laws and Dan Sterling
Bought by
Laws Dan and Ditchey Sterling D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.37%

Purchase Details

Closed on
Jul 9, 1998
Sold by
Dan Laws
Bought by
Laws Dan and Ditchey Sterling

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.37%

Purchase Details

Closed on
Jun 16, 1998
Sold by
Laws Becky Lynn and Buell Becky L
Bought by
Laws Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.37%

Purchase Details

Closed on
Jan 9, 1996
Sold by
Laws Dan David and Laws Dan
Bought by
Laws Dan David and Buell Becky L

Purchase Details

Closed on
Dec 7, 1995
Sold by
Laws Linda M
Bought by
Laws Dan

Purchase Details

Closed on
Jun 23, 1994
Sold by
Baycrest Associates
Bought by
Laws Dan and Laws Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.75%
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
Arakawn Scott Takeshi $1,275,000 First American Title Co
Harris Steven Glenn $655,000 Fidelity National Title
Laws Dan -- Orange Coast Title
Laws Dan -- Old Republic Title Company
Laws Dan -- --
Laws Dan -- --
Laws Dan David -- American Title
Laws Dan -- American Title Insurance
Laws Dan $385,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harris Steven Glenn $257,000
Previous Owner Harris Steven Glenn $299,500
Previous Owner Harris Steven Glenn $300,700
Previous Owner Harris Steven Glenn $300,700
Previous Owner Laws Dan $522,400
Previous Owner Laws Dan $65,300
Previous Owner Laws Dan $350,000
Previous Owner Laws Dan $84,000
Previous Owner Laws Dan $448,000
Previous Owner Laws Dan $64,500
Previous Owner Laws Dan $344,000
Previous Owner Laws Dan $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $1,275,000 0.0% $440 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $1,275,000 -- $440 / 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 $14,885 $1,450,730 $1,046,194 $404,536
2024 $14,885 $1,422,285 $1,025,681 $396,604
2023 $14,545 $1,394,398 $1,005,570 $388,828
2022 $15,768 $1,367,057 $985,853 $381,204
2021 $15,418 $1,340,252 $966,522 $373,730
2020 $15,210 $1,326,510 $956,612 $369,898
2019 $14,915 $1,300,500 $937,854 $362,646
2018 $9,981 $833,741 $498,528 $335,213
2017 $9,673 $817,394 $488,753 $328,641
2016 $9,500 $801,367 $479,169 $322,198
2015 $9,404 $789,330 $471,971 $317,359
2014 $9,318 $773,869 $462,726 $311,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18121972

California Regional Multiple Listing Service (CRMLS)

APN: 501-096-17