NOT LISTED FOR SALE

Estimated Value: $2,600,000 - $2,895,046

2 Beds
2 Baths
1,800 Sq Ft
$467/mo HOA Fee

Last Sold February 19, 2021

Last sale price $1,850,000 $1,028 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $16,762/month

4 Days on Market

Highlights

  • Ocean View
  • Clubhouse
  • Outdoor Cooking Area
  • Active Adult
  • Community Pool
  • 3-minute walk to Buck Gully Trailhead

About This Home

As of February 2021

3521 Lilac is a Turn-Key Dream Condo Located in the Highly Sought-After Terraces 55+ Community in Corona Del Mar. This single level newly remodeled condo offers custom upgrades and a peek at the ocean from the spacious deck. Graced with classic Cape Cod-inspired architecture, guests enter a gated courtyard that is ideal for outdoor entertaining. Indoors, a 2-bedroom, 2-bath floorplan is distinguished by a den, a formal living room complete with fireplace and deck access with a view. An elegant dining room, and a kitchen also compliment the home. The kitchen features white cabinetry, stainless steel appliances, an island and breakfast nook. For added style and convenience, the residence features plantation shutters, mirrored wardrobe doors, built-in closet organizers, an attached 2-car garage plus an interior laundry room with sink. Residents at The Terraces enjoy access to a private recreation center with pool and spa. The Oasis Senior Center is located next door, and Corona del Mar’s village shops and restaurants, Fashion Island, golf, and miles of beaches are mere minutes from home.

Last Agent to Sell the Property

Pallie Jones

Arbor Real Estate License #01918002 Listed on: 02/05/2021

Arbor Real Estate

Co-Listed By

Pam Duley

Compass License #00899324

Last Buyer's Agent

Ramzi Ataya

Engel & Völkers Newport Beach License #01265136

Engel & Völkers Newport Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,972

Year Built

  • Built in 1986

HOA Fees

  • $467 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Property Views

  • Ocean
  • Peek-A-Boo

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Enclosed Patio or Porch

Schools

  • Corona Del Mar High School

Additional Features

  • 1 Common Wall
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11949
  • Assessor Parcel Number 93461075

Community Details

Overview

  • Active Adult
  • 100 Units
  • Terraces Association, Phone Number (714) 779-1300
  • Cardinal Property Management HOA
  • Terraces Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,972

Year Built

Built in 1986

Lot Details

0

HOA Fees

$467 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Washer, Dryer, Refrigerator
  • Property Attached: Yes
  • Subdivision Name Other: Terraces (TCDM)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93461075
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1800.00 Square Feet
  • Interior Amenities: Balcony, Living Room Balcony
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Nook
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1027.78
  • Room Type: Main Floor Master Bedroom
  • Bathroom Features: Double Sinks In Master Bath, Separate Tub And Shower
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • View: Ocean, Peek-A-Boo
  • Patio And Porch Features: Enclosed, Front Porch
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Clubhouse, Maintenance Grounds
  • Association Fee: 467.00
  • Association Fee Frequency: Monthly
  • Association Name: Terraces
  • Phone: 714-779-1300
  • Senior Community: Yes
  • Common Interest: Condominium
  • Community Features: Curbs
  • Association Management: Cardinal Property Management

Schools

  • School District: Newport Mesa Unified
  • High School: Corona Del Mar
  • High School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

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

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
Nov 29, 2021
Sold by
Nachman Franklin A and Nachman Martha S
Bought by
Nachman Franklin A and Nachman Martha S
Current Estimated Value
$2,773,762

Purchase Details

Listed on
Feb 5, 2021
Closed on
Feb 10, 2021
Sold by
Diller James V and James V Duller Jr Trust
Bought by
Nachman Franklin A and Nachman Martha S
Seller's Agent
Pallie Jones
Arbor Real Estate
Buyer's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
List Price
$1,700,000
Sold Price
$1,850,000
Premium/Discount to List
$150,000
8.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%

Purchase Details

Listed on
Aug 2, 2019
Closed on
Aug 16, 2019
Sold by
Olson Robert D
Bought by
Cox William L and Cox Joan W
Seller's Agent
Kevin Smith
Arbor Real Estate
Buyer's Agent
Pam Duley
Compass
List Price
$1,595,000
Sold Price
$1,595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%

Purchase Details

Listed on
Mar 20, 2013
Closed on
Mar 29, 2013
Sold by
Watson James C
Bought by
Olson Robert D and The Robert D Olson Separate Property Tru
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Cassie Hammond
Surterre Properties Inc.
List Price
$1,225,000
Sold Price
$1,150,000
Premium/Discount to List
-$75,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$750,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 1993
Sold by
Watson Jess D and Watson Jacqueline H
Bought by
Watson Jess D and Watson Jacqueline H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nachman Franklin A -- None Available
Nachman Franklin A $1,850,000 Fidelity Natl Ttl Orange Cnt
Cox William L $1,595,000 Fidelity Natl Ttl Orange Cnt
Olson Robert D $1,150,000 Equity Title Orange
Watson Jess D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olson Robert D $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/19/2021 02/19/21 Sold $1,850,000 +8.8% $1,028 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $1,700,000 +6.6% $944 / Sq Ft
08/30/2019 08/30/19 Sold $1,595,000 0.0% $891 / Sq Ft View Prior Sale
08/02/2019 08/02/19 For Sale $1,595,000 +38.7% $891 / Sq Ft
05/08/2013 05/08/13 Sold $1,150,000 -6.1% $642 / Sq Ft View Prior Sale
03/25/2013 03/25/13 Pending -- -- --
03/20/2013 03/20/13 For Sale $1,225,000 -- $684 / 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 $20,972 $2,002,498 $1,825,887 $176,611
2024 $20,972 $1,963,234 $1,790,085 $173,149
2023 $20,479 $1,924,740 $1,754,986 $169,754
2022 $20,137 $1,887,000 $1,720,574 $166,426
2021 $17,315 $1,611,524 $1,446,736 $164,788
2020 $17,149 $1,595,000 $1,431,901 $163,099
2019 $13,702 $1,269,490 $1,109,527 $159,963
2018 $13,431 $1,244,599 $1,087,772 $156,827
2017 $13,194 $1,220,196 $1,066,444 $153,752
2016 $12,899 $1,196,271 $1,045,533 $150,738
2015 $12,777 $1,178,302 $1,029,828 $148,474
2014 $12,476 $1,155,221 $1,009,655 $145,566
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21022643

California Regional Multiple Listing Service (CRMLS)

APN: 934-610-75