NOT LISTED FOR SALE

3338 E Penzance Ln Unit C Orange, CA 92869

Estimated Value: $840,000 - $887,000

3 Beds
2.5 Baths
1,383 Sq Ft
$260/mo HOA Fee

Last Sold November 13, 2023

Last sale price $795,000 $575 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,472/month

11 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Gated Community
  • High Ceiling
  • El Modena High School Rated A-
  • Open Floorplan
  • Granite Countertops

About This Home

As of November 2023

Stunning three-bedroom, two-and-a-half bathroom condominium situated within the prestigious gated community of Cambridge. The kitchen boasts elegant granite countertops and flows seamlessly to the inviting living room and patio areas, creating an ideal space for entertaining friends and family. The ground floor has higher ceilings and also offers a half bathroom with ample storage space. Upstairs, the master suite includes a spacious walk-in closet, dual sinks, and a ceiling fan for added comfort. A laundry area, two more bedrooms and an additional full bath are also located on the second level of the home. Situated in the heart of the complex, this property enjoys a peaceful setting away from any busy streets. It's just a short walk to the community pool, conveniently situated around the corner. This home is centrally located near schools, shopping centers, restaurants, and major freeways, including the 55, 22, and 91, providing easy access to all your daily needs. In just a few minutes, you can reach the vibrant Orange Circle. Plus, Grijalva Park, right across the street, offers an ideal space for outdoor activities such as walking, jogging, family outings, and picnics. Additionally, there is an attached two-car garage and guest parking right in front of the home.

Last Agent to Sell the Property

Katrina Smith

Pinpoint Properties License #01740623 Listed on: 10/12/2023

Co-Listed By

Laura Hamann

Coldwell Banker Realty License #02076150

Last Buyer's Agent

Reilly Beezer

First Team Real Estate License #02134802

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1998 | Remodeled

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 1,383 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Family Room Off Kitchen
  • Storage
  • Laundry Room
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • Bathtub
  • Walk-in Shower

Home Security

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Schools

  • Prospect Elementary School
  • Santiago Middle School
  • El Modena High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 14680
  • Assessor Parcel Number 93921651
  • $363 per year additional tax assessments

Community Details

Overview

  • 131 Units
  • Cambridge Association, Phone Number (949) 508-1614
  • Powerstone Property Management HOA

Recreation

  • Community Pool
  • Community Spa

Security

  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1998 | Remodeled

Lot Details

0

HOA Fees

$260 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: /
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93921651
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1383.00 Square Feet
  • Interior Amenities: Granite Counters, High Ceilings, Open Floorplan, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 574.84
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Concrete, Patio, Patio Open
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Faces Rear, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Controlled Access
  • Association Fee: 260.00
  • Association Fee Frequency: Monthly
  • Association Name: Cambridge
  • Phone: 949-508-1614
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
  • Association Management: Powerstone Property Management

Schools

  • Elementary School: Prospect
  • High School: El Modena
  • Middle Or Junior School: Santiago
  • Elementary School #2: PROSPE
  • High School2: ELMOD2

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 131
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 219.13
  • Tax Lot: 24
  • Tax Tract Number: 14680
  • TaxOtherAnnualAssessmentAmount: 363.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Oct 28, 2023
Sold by
Anderson Julie Lynne
Bought by
Perez Melissa Jo and Perez Adrian
Seller's Agent
Katrina Smith
Pinpoint Properties
Buyer's Agent
Reilly Beezer
First Team Real Estate
List Price
$775,000
Sold Price
$795,000
Premium/Discount to List
$20,000
2.58%
Views
233
Current Estimated Value
$857,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,363
Avg. Annual Appreciation
3.57%
Original Mortgage
$755,250
Outstanding Balance
$742,399
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$114,964

Purchase Details

Listed on
Sep 3, 2020
Closed on
Sep 14, 2020
Sold by
Han William and Han Jane Jin
Bought by
Anderson Julie Lynne
Seller's Agent
Amy Lais
Exit Alliance Realty
Buyer's Agent
Charisse Okamoto
Caliber Real Estate Group
List Price
$549,999
Sold Price
$576,129
Premium/Discount to List
$26,130
4.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Original Mortgage
$460,903
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2014
Closed on
Nov 17, 2014
Sold by
Rubalcaba John R and Rubalcaba Joanna A
Bought by
Han William and Han Jane Jin
Seller's Agent
Joan Befort
First Team Real Estate
Buyer's Agent
Bruce Kwon
IRN Realty
List Price
$435,000
Sold Price
$430,000
Premium/Discount to List
-$5,000
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$408,500
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2012
Closed on
Jun 15, 2012
Sold by
Penzance Trust #3338
Bought by
Rubalcaba John R and Rubalcaba Joanna A
Seller's Agent
David Khanh Dao
Southland Homes
Buyer's Agent
Joan Befort
First Team Real Estate
List Price
$345,000
Sold Price
$340,000
Premium/Discount to List
-$5,000
-1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Original Mortgage
$306,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2011
Sold by
Rodriguez Deeanna
Bought by
Penzance Trust #3338 & C and Southland Homes Real Estate & Investment

Purchase Details

Closed on
Feb 10, 2006
Sold by
Herrera Rudolph
Bought by
Rodriguez Deeanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2006
Sold by
Urquidez James F and Urquidez Jodi L
Bought by
Rodriguez Deeanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 1998
Sold by
Beazer Homes Holdings Corp
Bought by
Urquidez James F and Urquidez Jodi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,450
Interest Rate
6.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Perez Melissa Jo $795,000 California Title Company
Anderson Julie Lynne $576,500 Lawyers Title Company
Han William $430,000 Western Resources Title Co
Rubalcaba John R $340,000 First American Title Company
Penzance Trust #3338 & C $274,500 None Available
Rodriguez Deeanna -- Landwood Title
Rodriguez Deeanna $525,000 Landwood Title
Urquidez James F $171,500 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Melissa Jo $755,250
Previous Owner Anderson Julie Lynne $460,903
Previous Owner Han William $408,500
Previous Owner Rubalcaba John R $306,000
Previous Owner Rodriguez Deeanna $420,000
Previous Owner Urquidez James F $163,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2023 11/13/23 Sold $795,000 +2.6% $575 / Sq Ft
10/23/2023 10/23/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $775,000 +34.5% $560 / Sq Ft
10/06/2020 10/06/20 Sold $576,129 +4.8% $417 / Sq Ft View Prior Sale
09/03/2020 09/03/20 For Sale $549,999 +27.9% $398 / Sq Ft
12/12/2014 12/12/14 Sold $430,000 -1.1% $315 / Sq Ft View Prior Sale
11/13/2014 11/13/14 Pending -- -- --
11/06/2014 11/06/14 For Sale $435,000 +27.9% $319 / Sq Ft
06/19/2012 06/19/12 Sold $340,000 -1.4% $249 / Sq Ft View Prior Sale
02/28/2012 02/28/12 Pending -- -- --
02/24/2012 02/24/12 For Sale $345,000 -- $253 / 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 $8,793 $810,900 $606,007 $204,893
2024 $8,793 $795,000 $594,124 $200,876
2023 $6,627 $599,404 $415,862 $183,542
2022 $6,497 $587,651 $407,707 $179,944
2021 $6,315 $576,129 $399,713 $176,416
2020 $5,306 $472,541 $288,507 $184,034
2019 $5,240 $463,276 $282,850 $180,426
2018 $5,161 $454,193 $277,304 $176,889
2017 $4,948 $445,288 $271,867 $173,421
2016 $4,854 $436,557 $266,536 $170,021
2015 $4,783 $430,000 $262,532 $167,468
2014 $3,854 $348,374 $188,184 $160,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23183567

California Regional Multiple Listing Service (CRMLS)

APN: 939-216-51