NOT LISTED FOR SALE

Estimated Value: $2,843,338 - $3,040,000

2 Beds
2 Baths
1,800 Sq Ft
$648/mo HOA Fee

Last Sold March 04, 2024

Last sale price $2,800,000 $1,556 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $16,818/month

Highlights

  • Ocean View
  • Active Adult
  • Open Floorplan
  • Spa
  • Updated Kitchen
  • 3-minute walk to Buck Gully Trailhead

About This Home

As of March 2024

Sold before input. This gorgeous upper corner unit is in the vibrant and sought-after 55 and better community of The Terraces in the heart of Corona del Mar. This home has been completely remodeled in recent years with the finest, exclusive materials. This corner unit sits on an elevated lot with easy access to the Oasis senior center, the Flower streets, Farmer’s market, world-class beaches and all the fun that the Newport Beach area has to offer. The serene gated front courtyard features beautiful landscaping and a water feature. This desirable single level unit is open and bright with classy seagrass flooring, custom paint and elegant window coverings. The large and open gourmet kitchen is a delight to cook and entertain from with oak wood floors, custom cabinetry, gas stove, double-wide fridge, and an ocean view breakfast nook with bench seating. The ocean-view main bedroom boasts high beamed ceilings and a spa-like bathroom with a walk-in closet, dual sinks and a separate tub and spacious shower. In addition to the two large bedrooms, there is a functional and roomy office with ocean views and a Murphy bed for your guests. The living room is the heart of this home with a custom fireplace, separate dining area and it opens to the ocean view deck with fantastic sunsets. This immaculately maintained community offers a pool and spa, clubhouse and nearby Buck Gully hiking trails. Easy access to the Freeways, John Wayne Airport and Fashion Island!

Last Agent to Sell the Property

Eliisa Stowell

Surterre Properties Inc. License #01397481 Listed on: 03/04/2024

Surterre Properties Inc.

Last Buyer's Agent

Brandon Goethals

Compass License #02004301

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,828

Year Built

  • Built in 1986 | Remodeled

HOA Fees

  • $648 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Traditional Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room with Fireplace
  • Formal Dining Room
  • Laundry Room

Kitchen

  • Country Kitchen
  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Self-Closing Drawers

Flooring

  • Bamboo
  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower
  • Closet In Bathroom

Outdoor Features

  • Spa
  • Deck
  • Patio

Additional Features

  • Two or More Common Walls
  • Urban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11949
  • Assessor Parcel Number 93461085

Community Details

Overview

  • Active Adult
  • 100 Units
  • Terraces Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa
  • Hiking Trails

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,828

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$648 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Terraces (TCDM)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93461085
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1800.00 Square Feet
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Bamboo, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook, In Living Room, Separated, Country Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1555.56
  • Room Type: Walk-In Closet
  • Spa Features: Association, Community
  • Bathroom Features: Closet In Bathroom, Double Sinks In Primary Bath, Remodeled, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Remodeled Kitchen, Self-Closing Drawers, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Neighborhood, Ocean, Panoramic, Water
  • Patio And Porch Features: Deck, Patio
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Clubhouse, Pet Rules
  • Association Fee: 648.00
  • Association Fee Frequency: Monthly
  • Association Name: On File
  • Phone: On file
  • Senior Community: Yes
  • Common Interest: Condominium
  • Community Features: Hiking, Urban
  • Association Management: On File

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Latitude Manual: 33.59903700

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 100
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.42
  • Tax Lot: 1
  • Tax Tract Number: 11949

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2023
Sold by
May Family Trust
Bought by
Howard L Sandberg And Tammy J Sandberg Family and Sandberg
Current Estimated Value
$2,927,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2009
Sold by
May Carolyn J
Bought by
May Robert D

Purchase Details

Closed on
Oct 18, 2005
Sold by
May Eleanor L
Bought by
May Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2000
Sold by
May Robert D and May Eleanor L
Bought by
May Robert D and May Eleanor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.2%

Purchase Details

Closed on
Jul 27, 1999
Sold by
May Carolyn J
Bought by
May Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
7.7%

Purchase Details

Closed on
Jul 16, 1999
Sold by
Charlton Bonnie A
Bought by
May Robert D and May Eleanor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
7.7%

Purchase Details

Closed on
Dec 20, 1995
Sold by
Brown Elmer L and Brown Peggyann B
Bought by
Brown Elmer L and Brown Peggyann B
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
Howard L Sandberg And Tammy J Sandberg Family $2,800,000 Chicago Title Company
May Robert D -- Accommodation
May Robert D -- Fidelity National Title Co
May Robert D -- United Title Company
May Robert D -- Lawyers Title Company
May Robert D $600,000 Lawyers Title Company
Brown Elmer L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard L Sandberg And Tammy J Sandberg Family $2,240,000
Previous Owner May Robert D $400,000
Previous Owner May Robert D $400,000
Previous Owner May Robert D $342,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2024 03/04/24 Sold $2,800,000 0.0% $1,556 / Sq Ft
03/04/2024 03/04/24 For Sale $2,800,000 -- $1,556 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
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 $9,828 $2,856,000 $2,655,496 $200,504
2024 $9,828 $904,098 $727,718 $176,380
2023 $9,667 $886,371 $713,449 $172,922
2022 $9,504 $868,992 $699,460 $169,532
2021 $9,324 $851,953 $685,745 $166,208
2020 $9,234 $843,218 $678,714 $164,504
2019 $9,047 $826,685 $665,406 $161,279
2018 $8,869 $810,476 $652,359 $158,117
2017 $8,713 $794,585 $639,568 $155,017
2016 $8,519 $779,005 $627,027 $151,978
2015 $8,438 $767,304 $617,608 $149,696
2014 $8,240 $752,274 $605,510 $146,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24022558

California Regional Multiple Listing Service (CRMLS)

APN: 934-610-85