$240,000
SOLD AUG 23, 2012

2960 Champion Way Unit 1506 Tustin, CA 92782

Tustin Ranch Neighborhood
1 Bed
1 Bath
883 Sq Ft
$266/mo HOA Fee

Recently Sold

$272 Per Sq Ft

2% Above List Price

7 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Main Floor Primary Bedroom
  • Ladera Elementary School Rated A
  • Contemporary Architecture
  • Covered patio or porch

About This Home

As of November 2020

Nice, upper end unit in the heart of Tustin Ranch in the Rancho Veracruz Community. Vaulted ceilings, indoor laundry (stacked washer and dryer). Unit has private entry staircase to the front porch with plenty of room for patio furniture. Light laminate flooring throughout. Rancho Veracruz is a very well cared for community close to freeway, toll road, shopping and entertainment.

Last Agent to Sell the Property

Frank Gibson

Frank Gibson Realty License #00835339 Listed on: 07/13/2012

Last Buyer's Agent

Keith Thomas

Redfin License #01835843

Redfin

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,680

Year Built

  • Built in 1992

HOA Fees

  • $266 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Spanish Tile Roof
  • Common Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 883 Sq Ft Home
  • Fireplace
  • Laminate Flooring
  • Tile Countertops
  • Laundry closet

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Carport Space

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 13824
  • Assessor Parcel Number 93813351

Community Details

Overview

  • Association Phone (714) 508-9070

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,680

Year Built

Built in 1992

Lot Details

0

HOA Fees

$266 per month

Listing Details

  • Assessments: Yes
  • Other Phone Description: Preferred
  • Other Phone Number: 714-514-6231
  • Property Attached: Yes
  • Subdivision Name Other: Rancho Veracruz
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93813351
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 883.00
  • Interior Amenities: Tile Counters
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: Two
  • Price Per Square Foot: 271.80
  • Room Type: Main Floor Master Bedroom
  • Spa Features: Association

Exterior Features

  • Patio: Yes
  • Fence: No
  • Patio And Porch Features: Covered
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Clay, Common Roof, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: No
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse Paid, Pool, Spa/Hot Tub
  • Association Fee: 266.00
  • Association Fee Frequency: Monthly
  • Phone: 714-508-9070
  • Senior Community: No

Schools

  • School District: Tustin Unified

Lot Info

  • Land Lease Purchase: No

Multi Family

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

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 13824

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Nov 2, 2020
Sold by
Helou Bassam
Bought by
Hanna Sandy
Seller's Agent
Bassam Helou
Pellego, Inc.
Buyer's Agent
Ki Jeong Park
Newcastle Realty, Inc.
List Price
$423,000
Sold Price
$414,000
Premium/Discount to List
-$9,000
-2.13%
Current Estimated Value
$638,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,809
Avg. Annual Appreciation
9.50%
Original Mortgage
$375,000
Outstanding Balance
$337,481
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$294,343

Purchase Details

Listed on
Sep 10, 2020
Closed on
Oct 29, 2020
Sold by
Hanna Haitham
Bought by
Hanna Sandy
Seller's Agent
Bassam Helou
Pellego, Inc.
Buyer's Agent
Ki Jeong Park
Newcastle Realty, Inc.
List Price
$423,000
Sold Price
$414,000
Premium/Discount to List
-$9,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$337,481
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$294,343

Purchase Details

Listed on
Sep 10, 2020
Closed on
Oct 26, 2020
Sold by
Hanna Sandy
Bought by
Um Thomas and Pak Yeun Hee
Seller's Agent
Bassam Helou
Pellego, Inc.
Buyer's Agent
Ki Jeong Park
Newcastle Realty, Inc.
List Price
$423,000
Sold Price
$414,000
Premium/Discount to List
-$9,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$337,481
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$294,343

Purchase Details

Closed on
Mar 7, 2020
Sold by
Hanna Haitham
Bought by
Hanna Sandy

Purchase Details

Listed on
Oct 30, 2014
Closed on
Dec 2, 2014
Sold by
Barjoud Sahar
Bought by
Hanna Haitham M
Seller's Agent
Angela Creech
Redfin
Buyer's Agent
Wafa Hanna
CENTURY 21 Affiliated
List Price
$319,900
Sold Price
$319,000
Premium/Discount to List
-$900
-0.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%

Purchase Details

Listed on
Oct 30, 2014
Closed on
Nov 18, 2014
Sold by
Ngo Sherwin
Bought by
Hanna Haitham M
Seller's Agent
Angela Creech
Redfin
Buyer's Agent
Wafa Hanna
CENTURY 21 Affiliated
List Price
$319,900
Sold Price
$319,000
Premium/Discount to List
-$900
-0.28%

Purchase Details

Listed on
Jul 13, 2012
Closed on
Jul 23, 2012
Sold by
Federal National Mortgage Association
Bought by
Ngo Sherwin
Seller's Agent
Frank Gibson
Frank Gibson Realty
Buyer's Agent
Keith Thomas
Redfin
List Price
$234,900
Sold Price
$240,000
Premium/Discount to List
$5,100
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.17%
Original Mortgage
$192,000
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2012
Sold by
Kazerooni Parvaneh
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 21, 2003
Sold by
Kazerooni Parvaneh
Bought by
Kazerooni Parvaneh and Kazerooni Gerda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 20, 2003
Sold by
Kazerooni Gerda M and Kazerooni Nick
Bought by
Kazerooni Parvaneh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 25, 2000
Sold by
Kazerooni Parvaneh
Bought by
Kazerooni Parvaneh and Kazerooni Gerda M
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 Type Sale Price Title Company
Interfamily Deed Transfer -- First American Title
Interfamily Deed Transfer -- First American Title
Grant Deed $414,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- California Title Company
Grant Deed $319,000 California Title Company
Grant Deed $240,000 Servicelink
Trustee Deed $262,048 Landsafe Title
Interfamily Deed Transfer -- Gateway Title Company
Interfamily Deed Transfer -- Gateway Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 New Conventional
Previous Owner $192,000 New Conventional
Previous Owner $99,000 Credit Line Revolving
Previous Owner $258,000 Negative Amortization
Previous Owner $162,000 Credit Line Revolving
Previous Owner $122,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $91,802 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2020 11/21/20 Sold $414,000 -0.2% $469 / Sq Ft
10/16/2020 10/16/20 Price Changed $415,000 -1.9% $470 / Sq Ft
09/10/2020 09/10/20 For Sale $423,000 +32.6% $479 / Sq Ft
12/12/2014 12/12/14 Sold $319,000 -0.3% $361 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
10/30/2014 10/30/14 For Sale $319,900 +33.3% $362 / Sq Ft
08/23/2012 08/23/12 Sold $240,000 +2.2% $272 / Sq Ft
07/20/2012 07/20/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $234,900 -- $266 / 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 $4,680 $439,339 $332,379 $106,960
2023 $4,573 $430,725 $325,862 $104,863
2022 $4,943 $422,280 $319,473 $102,807
2021 $4,832 $414,000 $313,208 $100,792
2020 $4,146 $350,558 $242,719 $107,839
2019 $4,066 $343,685 $237,960 $105,725
2018 $3,978 $336,947 $233,295 $103,652
2017 $3,864 $330,341 $228,721 $101,620
2016 $3,794 $323,864 $224,236 $99,628
2015 $3,752 $319,000 $220,868 $98,132
2014 $2,885 $241,089 $147,883 $93,206
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P828522

California Regional Multiple Listing Service (CRMLS)

APN: 938-133-51