NOT LISTED FOR SALE

Estimated Value: $1,979,000 - $2,712,000

2 Beds
2 Baths
1,471 Sq Ft
$444/mo HOA Fee

Last Sold July 10, 2017

Last sale price $1,265,000 $860 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $13,211/month

21 Days on Market

Highlights

  • Spa
  • Updated Kitchen
  • Clubhouse
  • Active Adult
  • Cape Cod Architecture
  • 3-minute walk to Buck Gully Trailhead

About This Home

As of July 2017

Stunning single level two bedrooms, two bath condominium located in the beachside community of The Terraces in Corona del Mar. This pristine gem has been completely upgraded and is model perfect! Improvements include: all new double paned Milgard windows, Fiber-glass French doors and front, wood replica tile flooring, crown molding, custom fireplace, LED custom lighting, custom paint, new electrical, plumbing and furnace and "smart" temperature control. Remodeled kitchen with granite counters, custom ceiling, subway backsplash, self-closing cabinets, all new stainless steel GE Profile appliances including: wine refrigerator and trash compactor. Master suite includes: a luxurious bathroom with double vanities, spacious shower with seating, dual heads and attractive tiling, modern soak tub, artisan crafted barn door and a customized walk-in closet. Second bedroom includes: a built-in executive office. Gorgeous second bath includes: frameless sink with custom ceramic tile shower. Open living and dining room with a wrap-around brick patio perfect for outdoor entertaining. Spacious laundry room with sink, 2 car attached garage and built- in cabinets. Close to the community club house, pool & spa with canyon/golf course views. One block from the Oasis Senior Center and just a few blocks to Corona Del Mar Village featuring boutique shopping and restaurants. This is perfect for investors, as owners can be any age with only one of the occupants required to be 55.

Last Agent to Sell the Property

Patricia Presson

Surterre Properties Inc. License #01382806 Listed on: 05/08/2017

Surterre Properties Inc.

Last Buyer's Agent

Roger McKinnon

Seven Gables Real Estate License #00513613

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,272

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 1 Common Wall
  • Wood Fence

HOA Fees

  • $444 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Patio Home
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 1,471 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Blinds
  • French Doors
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Corian Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Utility Sink
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

Accessible Home Design

  • No Interior Steps

Pool

  • Spa
  • Fence Around Pool

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Wrap Around Porch

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 100
  • Tax Tract Number 11949
  • Assessor Parcel Number 93461112

Community Details

Overview

  • Active Adult
  • The Terraces Association, Phone Number (714) 779-1300

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,272

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$444 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: TV in living room
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Fire and Smoke Detection System
  • Subdivision Name Other: Terraces (TCDM)
  • View: Yes
  • Well Report: No
  • Architectural Style: Cape Cod
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93461112
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1471.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Corian Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 859.96
  • Room Type: All Bedrooms Down, Entry, Laundry, Living Room, Walk-In Closet
  • Spa Features: Association
  • Window Features: Blinds, Double Pane Windows, Plantation Shutters
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Jetted Tub, Remodeled, Separate Tub And Shower, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Utility Sink

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Brick, Enclosed, Patio, Wrap Around
  • Pool Features: Association, Community, Fenced
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Microwave, Trash Compactor
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Clubhouse, Dues Paid Monthly
  • Association Fee: 444.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 714.779.1300
  • Senior Community: Yes
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home
  • Lot Size Sq Ft: 1471.00

Multi Family

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

Tax Info

  • Tax Block: 100
  • Tax Census Tract: 626.42
  • Tax Lot: 2
  • Tax Tract Number: 11949

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2017
Closed on
Jun 7, 2017
Sold by
Dimeglio Tony
Bought by
Benedict Harold E and Benedict Judith H
Seller's Agent
Patricia Presson
Surterre Properties Inc.
Buyer's Agent
Roger McKinnon
Seven Gables Real Estate
List Price
$1,285,000
Sold Price
$1,265,000
Premium/Discount to List
-$20,000
-1.56%
Current Estimated Value
$2,318,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,053,684
Avg. Annual Appreciation
7.58%

Purchase Details

Listed on
Jul 18, 2013
Closed on
Oct 3, 2013
Sold by
Sowell Steven C
Bought by
Dimeglio Tony
Seller's Agent
Burr Baldwin
CALI DREAM HOMES
Buyer's Agent
Marlynn Howe
Surterre Properties Inc.
List Price
$1,100,000
Sold Price
$850,000
Premium/Discount to List
-$250,000
-22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$250,000
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2010
Sold by
Lauer Mary C
Bought by
Sowell Steven C and 2008 Steven C Sowell Revocable Trust

Purchase Details

Closed on
Sep 22, 2008
Sold by
Lauer Mary C
Bought by
Lauer Mary C and Mc Gann 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
Benedict Harold E $1,265,000 Wfg Title Company Of Califor
Dimeglio Tony $850,000 Lawyers Title Company
Sowell Steven C -- None Available
Lauer Mary C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dimeglio Tony $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2017 07/10/17 Sold $1,265,000 -1.6% $860 / Sq Ft
05/08/2017 05/08/17 For Sale $1,285,000 +51.2% $874 / Sq Ft
10/17/2013 10/17/13 Sold $850,000 -5.6% $578 / Sq Ft View Prior Sale
09/12/2013 09/12/13 Pending -- -- --
09/04/2013 09/04/13 Price Changed $900,000 -9.6% $612 / Sq Ft
08/15/2013 08/15/13 Price Changed $996,000 -9.5% $677 / Sq Ft
07/18/2013 07/18/13 For Sale $1,100,000 -- $748 / 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 $7,272 $674,374 $532,600 $141,774
2024 $7,272 $661,151 $522,156 $138,995
2023 $7,097 $648,188 $511,918 $136,270
2022 $6,974 $635,479 $501,880 $133,599
2021 $6,841 $623,019 $492,039 $130,980
2020 $6,848 $616,631 $486,994 $129,637
2019 $6,712 $604,541 $477,445 $127,096
2018 $6,580 $592,688 $468,084 $124,604
2017 $9,726 $897,808 $767,924 $129,884
2016 $9,508 $880,204 $752,866 $127,338
2015 $9,416 $866,983 $741,557 $125,426
2014 $9,268 $850,000 $727,030 $122,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17101131

California Regional Multiple Listing Service (CRMLS)

APN: 934-611-12