NOT LISTED FOR SALE

281 Downs Rd Tustin, CA 92782

Estimated Value: $2,538,000 - $3,149,000

6 Beds
4.5 Baths
4,448 Sq Ft
$646/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $1,830,000 $411 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $17,908/month

11 Days on Market

Highlights

  • Spa
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • Heritage Elementary Rated A
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of July 2021

Barely lived in and in flawless condition. This home is perfectly located in between the 405, 5 and 55 freeway and near the Market Place. Featuring a downstairs ensuite bedroom, a separate entry large guest quarters with private full bath and kitchenette, fitness room and large bonus room. Open floor plan with huge kitchen and center island, separate formal dining room, folding pocket doors, 5 wine coolers, office nook, and upstairs private laundry room. Expansive master bedroom/bathroom with his and her walk-in closets and private deck. Upstairs also features a kitchenette in the bonus room. This community has the Legacy Magnet Academy school which just open in 2020, has a huge field, basketball courts, resort-style swimming pool and desirable gated park for children, this gourmet estate welcomes a sizeable family and conveniently accommodates outdoor activity. With too many upgrades to list, this home has it all and more.

Last Agent to Sell the Property

George Hanold

Times Real Estate CA License #01446306 Listed on: 04/30/2021

Co-Listed By

Regan Beegle

Times Real Estate CA License #01736778

Last Buyer's Agent

Colby Marceau

Times Real Estate CA License #02080970

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,699

Year Built

  • Built in 2016

Lot Details

  • 5,200 Sq Ft Lot
  • Landscaped

HOA Fees

  • $330 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Planned Development

Interior Spaces

  • 4,448 Sq Ft Home
  • High Ceiling
  • Recessed Lighting
  • Family Room Off Kitchen
  • Dining Room
  • Home Office
  • Bonus Room
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Spa
  • Exterior Lighting

Schools

  • Heritage Elementary School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 169
  • Tax Tract Number 17507
  • Assessor Parcel Number 43042110

Community Details

Overview

  • Greenwood Association, Phone Number (949) 367-9430

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Sport Court
  • Bocce Ball Court
  • Community Playground
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,699

Year Built

Built in 2016

Lot Details

0

HOA Fees

$330 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Tustin Legacy / Greenwood
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 43042110
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 4448.00 Square Feet
  • Interior Amenities: High Ceilings, Recessed Lighting
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Eating Area: Family Kitchen, Dining Room, In Kitchen
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 411.42
  • Room Type: Bonus Room, Exercise Room, Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Office, Walk-In Closet
  • Spa Features: Association

Exterior Features

  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Range, Ice Maker, Microwave
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Bocce Ball Court, Sport Court, Clubhouse
  • Association Fee: 330.00
  • Association Fee Frequency: Monthly
  • Association Name: Greenwood
  • Phone: 949-367-9430
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Street Lights
  • Association Management: Greenwood

Schools

  • School District: Tustin Unified
  • Elementary School: Heritage
  • Elementary School: Heritage
  • Elementary School #2: HERITA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5200.00
  • Lot Size Acres: 0.1194

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5200.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 169
  • Tax Tract Number: 17507

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2023
Sold by
Lin Christopher and Vy V
Bought by
Lin Family Trust
Current Estimated Value
$2,749,758

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 13, 2021
Sold by
Lee Sheng Chih
Bought by
Lin Christopher and Lin Vy
Seller's Agent
George Hanold
Times Real Estate CA
Buyer's Agent
Colby Marceau
Times Real Estate CA
List Price
$2,000,000
Sold Price
$1,830,000
Premium/Discount to List
-$170,000
-8.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$1,189,500
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2016
Sold by
Calatlantic Group Inc
Bought by
Lee Sheng Chih

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,169,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 7, 2016
Sold by
Kishimoto Tomoko
Bought by
Lee Sheng Chih

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,169,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Lin Family Trust -- None Listed On Document
Lin Christopher -- None Listed On Document
Lin Christopher $1,830,000 Lawyers Title Company
Lee Sheng Chih $1,799,000 First American Title Hsd
Lee Sheng Chih -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin Christopher $1,189,500
Previous Owner Lin Christopher $1,189,500
Previous Owner Lee Jim $621,000
Previous Owner Lee Sheng Chih $1,169,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $1,830,000 -8.0% $411 / Sq Ft
05/05/2021 05/05/21 Price Changed $1,990,000 -0.5% $447 / Sq Ft
04/30/2021 04/30/21 For Sale $2,000,000 -- $450 / 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 $28,699 $1,903,932 $986,444 $917,488
2023 $28,132 $1,866,600 $967,101 $899,499
2022 $27,774 $1,830,000 $948,138 $881,862
2021 $28,795 $1,928,369 $1,115,342 $813,027
2020 $28,596 $1,908,596 $1,103,905 $804,691
2019 $27,799 $1,871,173 $1,082,260 $788,913
2018 $27,490 $1,834,484 $1,061,039 $773,445
2017 $17,014 $922,936 $157,730 $765,206
2016 $8,412 $154,638 $154,638 $0
2015 $6,838 $152,316 $152,316 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21089815

California Regional Multiple Listing Service (CRMLS)

APN: 430-421-10