NOT LISTED FOR SALE

Estimated Value: $2,369,000 - $2,652,000

2 Beds
2 Baths
1,800 Sq Ft
$490/mo HOA Fee

Last Sold March 27, 2023

Last sale price $2,120,000 $1,178 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,318/month

60 Days on Market

Highlights

  • Ocean View
  • No Units Above
  • Ocean Side of Freeway
  • Spa
  • Active Adult
  • 2-minute walk to Buck Gully Trailhead

About This Home

As of March 2023

This Single Level (only 2 steps from garage!) highly sought after ocean view "Upper," with no interior steps, is located in the coveted Corona del Mar community, The Terraces. Enjoy hardwood like high end linoleum floors in the kitchen, laundry and bathrooms in this 2 bed, 2 bath single level home. Walk through your formal entry into your spacious living room which is complete with a cozy fireplace and opens up to your large deck - one of the many perks of living in an "upper" in the terraces, a lovely ocean breeze. Be entertained by peek-a-boo ocean and sunset views from the kitchen, living room, deck and primary bedroom! The light and bright kitchen has plenty of storage and cabinet space, a kitchen island, newer large built-in refrigerator, dishwasher and double oven. The primary bedroom has a beautiful en-suite with skylights providing lots of natural light, an upgraded seamless shower door and separate soaking tub, plus a large walk in closet that is built out with plenty of space for your wardrobe. The Terraces is a 55+ Senior Community with plenty of amenities including a community pool, spa, Clubhouse, bbq area, and monthly get-togethers. One resident must be 55 or better, although persons younger than 55 are allowed to purchase! This ideally located home is literally across the street from the wonderful Oasis Senior Center and moments from Corona del Mar Village with a variety of upscale shopping, dining, Farmers Market, then Newport Beach with Fashion Island and more. You are in the heart of Corona del Mar in this beautiful Condo!

Last Agent to Sell the Property

Brenda McCroskey

Compass License #01869273 Listed on: 12/12/2022

Compass

Last Buyer's Agent

Matthew Tutton

Compass License #02134226

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,589

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $490 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener

Property Views

  • Ocean
  • Catalina
  • City Lights

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Gas Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Den
  • Utility Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Electric Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Pots and Pans Drawers

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Separate Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • No Interior Steps
  • Low Pile Carpeting

Outdoor Features

  • Spa
  • Ocean Side of Freeway
  • Brick Porch or Patio
  • Exterior Lighting

Location

  • Property is near a clubhouse
  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11949
  • Assessor Parcel Number 93461079
  • $360 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Card Room

Recreation

  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,589

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$490 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Terraces (TCDM)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93461079
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1800.00 Square Feet
  • Interior Amenities: Built-in Features, Living Room Deck Attached, Unfurnished
  • Stories: 1
  • Entry Location: Ground
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Laminate
  • Accessibility Features: Low Pile Carpeting, No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook, Dining Room, In Living Room
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1177.78
  • Room Type: All Bedrooms Down, Den, Entry, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Utility Room, Walk-In Closet
  • Spa Features: Association
  • Bathroom Features: Bathtub, Shower, Closet In Bathroom, Double Sinks In Master Bath, Exhaust Fan(s), Main Floor Full Bath, Privacy Toilet Door, Remodeled, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Hookup, 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, Picnic Area, Clubhouse, Card Room, Management
  • Association Fee: 490.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 714 779-1300
  • Senior Community: Yes
  • Common Interest: Condominium
  • Community Features: Curbs, Hiking, Park, Sidewalks, Street Lights, Suburban
  • Association Management: Cardinal Management

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse, Near Public Transit, Park Nearby

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 100
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Census Tract: 626.42
  • Tax Lot: 1
  • Tax Tract Number: 11949
  • TaxOtherAnnualAssessmentAmount: 360.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
Feb 21, 2019
Sold by
Johnstone Michael Andrew and Johnstone Paul Frank
Bought by
Hoeffliger Melvin J and Hoeffliger Betty Don
Seller's Agent
Gordon Henry
Pacific Sotheby's Int'l Realty
Buyer's Agent
Brenda McCroskey
Compass
List Price
$1,595,000
Sold Price
$1,595,000
Current Estimated Value
$2,543,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$948,742
Avg. Annual Appreciation
7.33%

Purchase Details

Closed on
Nov 20, 2018
Sold by
Johnstone Peter and Johnstone Peter
Bought by
Johnstone Peter and The 1998 Johnstone Family Trust

Purchase Details

Listed on
Nov 20, 2014
Closed on
Feb 18, 2015
Sold by
Fullmer Leonard
Bought by
Johnstone Peter
Seller's Agent
Kendra Everett
Kendra Nicole Everett, Broker
Buyer's Agent
Ayres Boyd
Cembrus Inc
List Price
$1,395,000
Sold Price
$1,275,000
Premium/Discount to List
-$120,000
-8.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$650,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2001
Sold by
Pyka Dorothea K
Bought by
Fullmer Leonard and Fullmer Margaret E

Purchase Details

Closed on
Mar 1, 2000
Sold by
Griffith William D
Bought by
Pyka Dorothea K and Dorothea K Pyka Family Trust #1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5.75%

Purchase Details

Closed on
Feb 11, 1997
Sold by
Coleman Mark C and Coleman Joan A
Bought by
Griffith William D and William D Griffith Revocable Trust
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
Hoeffliger Melvin J $1,595,000 First American Title Company
Johnstone Peter -- None Available
Johnstone Peter $1,275,000 Usa National Title Co
Fullmer Leonard $639,000 Commonwealth Land Title
Pyka Dorothea K $595,000 Stewart Title
Griffith William D $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnstone Peter $650,000
Previous Owner Pyka Dorothea K $476,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2023 03/27/23 Sold $2,120,000 -1.4% $1,178 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
12/12/2022 12/12/22 For Sale $2,149,500 0.0% $1,194 / Sq Ft
09/21/2019 09/21/19 Rented $5,150 -20.8% --
06/11/2019 06/11/19 For Rent $6,500 0.0% --
03/12/2019 03/12/19 Sold $1,595,000 0.0% $886 / Sq Ft View Prior Sale
03/12/2019 03/12/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $1,595,000 +25.1% $886 / Sq Ft
03/27/2015 03/27/15 Sold $1,275,000 -1.9% $708 / Sq Ft View Prior Sale
02/10/2015 02/10/15 Pending -- -- --
01/07/2015 01/07/15 Price Changed $1,300,000 -6.8% $722 / Sq Ft
11/20/2014 11/20/14 For Sale $1,395,000 -- $775 / 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 $4,589 $414,360 $377,069 $37,291
2024 $4,589 $406,236 $369,676 $36,560
2023 $18,303 $1,710,161 $1,535,289 $174,872
2022 $17,998 $1,676,629 $1,505,185 $171,444
2021 $17,654 $1,643,754 $1,475,671 $168,083
2020 $17,485 $1,626,900 $1,460,540 $166,360
2019 $14,798 $1,595,000 $1,438,815 $156,185
2018 $14,430 $1,346,737 $1,187,626 $159,111
2017 $14,174 $1,320,331 $1,164,339 $155,992
2016 $13,856 $1,294,443 $1,141,509 $152,934
2015 $8,722 $801,158 $643,939 $157,219
2014 $8,516 $785,465 $631,325 $154,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22251121

California Regional Multiple Listing Service (CRMLS)

APN: 934-610-79