NOT LISTED FOR SALE

36 Rainbow Ridge Unit 43 Irvine, CA 92603

Turtle Rock Neighborhood

Estimated Value: $1,125,000 - $1,389,000

2 Beds
2 Baths
1,600 Sq Ft
$769/Sq Ft Est. Value

Last Sold March 25, 2024

Last sale price $985,000 $616 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,264/month

5 Days on Market

Highlights

  • Spa
  • Primary Bedroom Suite
  • Contemporary Architecture
  • Turtle Rock Elementary Rated A+
  • Open Floorplan
  • Main Floor Bedroom

About This Home

As of March 2024

Nestled in the heart of Irvine, the residence at 36 Rainbow Ridge beckons with the promise of a comfortable lifestyle in an exclusive neighborhood. This 1,600 sqft, 2 bedroom + den/living room, condo situated on the first level is a haven of comfortable living, complemented by the convenience of a private 2-car garage. Set in a community comprising only 44 homes, arranged in a simple loop, 36 Rainbow Ridge epitomizes the serenity and elegance synonymous with Turtle Rock.

The community itself is a testament to thoughtful living, where residents find solace in a well-defined blend of exclusivity and connection. An association-only swimming pool, 2 spas, tennis and basketball courts, a tot lot, and a vast grassy field serve as exclusive amenities, fostering a sense of unity among residents. More than a residence, this community becomes a shared space for recreation, socialization, and the creation of lasting memories. A home with many opportunities to update and make your own.

Irvine, acclaimed for its educational excellence through the Irvine Unified School District (IUSD), boasts the expansive Great Park. Home to sports fields, the thrilling Wild Rivers water park, museums, a charming carousel, and the iconic Giant Balloon, this locale offers endless entertainment options for residents of all ages.

Strategically positioned between Los Angeles and San Diego, with easy access to the 5, 405, 55 & 73 freeways, residents can effortlessly explore the coastal gems of Newport Beach and Laguna Beach. The allure of sun, sand, and surf is just a short drive away, creating the perfect balance between convenience and retreat.

For those seeking quintessential retail therapy, world-class shopping destinations such as Fashion Island, South Coast Plaza, and the Irvine Spectrum await.All showcasing an array of upscale stores, including Nordstrom, Bloomingdales, Saks Fifth Avenue, and Crate and Barrel, and providing shopping experiences that rival the best in the world.

Adding to the appeal of this exceptional property is its Low Tax Rate and the absence of Mello Roos, offering a significant financial advantage to its fortunate owner. 36 Rainbow Ridge stands as a testament to the seamless combination of luxury, convenience, and community. It is more than an address; it is an invitation to experience the pinnacle of Southern California living. Embrace this opportunity to make 36 Rainbow Ridge your home and indulge in all that Irvine has to offer.

Last Agent to Sell the Property

Adrienne Oranges

First Team Real Estate Brokerage Phone: 949-939-2150 License #00668394 Listed on: 02/02/2024

First Team Real Estate

Co-Listed By

Lawrence Guzzetta

First Team Real Estate Brokerage Phone: 949-939-2150 License #01138205

First Team Real Estate

Last Buyer's Agent

Lawrence Guzzetta

First Team Real Estate Brokerage Phone: 949-939-2150 License #01138205

First Team Real Estate

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1979

Lot Details

  • Property fronts a private road
  • End Unit
  • No Units Located Below
  • Two or More Common Walls
  • Fenced
  • Lawn
  • Density is 11-15 Units/Acre

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Utility Room
  • Center Hall
  • Eat-In Kitchen
  • Property Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

Outdoor Features

  • Spa
  • Open Patio
  • Exterior Lighting
  • Rear Porch

Schools

  • Bonita Canyon Elementary School
  • Rancho San Joaquin Middle School
  • University High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Phone System
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 10497
  • Assessor Parcel Number 93016443
  • $229 per year additional tax assessments

Community Details

Overview

  • 44 Units
  • Sunset Ridge Association, Phone Number (714) 220-5920
  • Keystone Association
  • Built by Akins
  • Ridge Townhomes Akins Subdivision, Laurel Floorplan

Amenities

  • Picnic Area

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1979

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Washer, Dryer, Refrigerator
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Ridge Townhomes Akins (RA)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 93016443
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1600.00 Square Feet
  • Interior Amenities: Open Floorplan, Phone System, Recessed Lighting, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls, End Unit, No One Below
  • Accessibility Features: No Interior Steps
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 615.62
  • Room Type: Center Hall, Den, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Utility Room
  • Spa Features: Association
  • Bathroom Features: Bathtub, Shower, Walk-In Shower

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Fence: Yes
  • Builder Name: Akins
  • Patio And Porch Features: Patio Open, Rear Porch
  • Pool Features: Association
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry, Electricity - On Property, Standard
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Keystone
  • Amenities: Pool, Spa/Hot Tub, Picnic Area, Tennis Court(s)
  • Association Fee: 450.00
  • Association #2 Fee: 120.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Sunset Ridge
  • Phone: 714 220 5920
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights, Suburban
  • Association Management: Sunset Ridge

Schools

  • Elementary School: Bonita Canyon
  • High School: University
  • Middle Or Junior School: Rancho San Joaquin
  • Elementary School #2: BONCAN
  • High School2: UNIVER

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: 11-15 Units/Acre, Lawn

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 44
  • Number Of Units Total: 44

Tax Info

  • Tax Census Tract: 626.30
  • Tax Lot: 1
  • Tax Tract Number: 10497
  • TaxOtherAnnualAssessmentAmount: 229.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2024
Sold by
Juanita Moynihan 2023 Trust
Bought by
Zhu Yuhe and Li Ao
Current Estimated Value
$1,230,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,750
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2023
Sold by
Moynihan Juanita R
Bought by
Juanita Moynihan 2023 Trust

Purchase Details

Closed on
Feb 22, 2023
Sold by
Lois Y Bissey Trust
Bought by
Moynihan Juanita R

Purchase Details

Closed on
Aug 16, 1999
Sold by
Bissey Lois Y
Bought by
Bissey Lois Y and Lois Y Bissey Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zhu Yuhe $985,000 Ticor Title
Juanita Moynihan 2023 Trust -- None Listed On Document
Moynihan Juanita R -- --
Bissey Lois Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhu Yuhe $738,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2024 03/25/24 Sold $985,000 +10.8% $616 / Sq Ft
02/08/2024 02/08/24 For Sale $888,888 -9.8% $556 / Sq Ft
02/07/2024 02/07/24 Off Market $985,000 -- --
02/07/2024 02/07/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $888,888 -- $556 / 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 $3,202 $1,004,700 $837,823 $166,877
2024 $3,202 $293,995 $156,729 $137,266
2023 $3,118 $288,231 $153,656 $134,575
2022 $3,052 $282,578 $150,643 $131,935
2021 $2,979 $277,038 $147,689 $129,349
2020 $2,961 $274,198 $146,175 $128,023
2019 $2,895 $268,822 $143,309 $125,513
2018 $2,841 $263,551 $140,499 $123,052
2017 $2,781 $258,384 $137,744 $120,640
2016 $2,661 $253,318 $135,043 $118,275
2015 $2,621 $249,513 $133,014 $116,499
2014 $2,570 $244,626 $130,409 $114,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24016395

California Regional Multiple Listing Service (CRMLS)

APN: 930-164-43