NOT LISTED FOR SALE

Estimated Value: $2,044,000 - $2,269,000

2 Beds
2 Baths
1,425 Sq Ft
$467/mo HOA Fee

Last Sold May 18, 2021

Last sale price $1,525,000 $1,070 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $12,405/month

5 Days on Market

Highlights

  • Spa
  • Cape Cod Architecture
  • Granite Countertops
  • Active Adult
  • Wood Flooring
  • 2-minute walk to Buck Gully Trailhead

About This Home

As of May 2021

Perfectly positioned in the heart of the Village of Corona Del Mar this charming single level residence conveniently located to the
to best shops, restaurants, and beach activities. The beautifully designed interior greets you with many windows
highlighting a bright and open floor plan with garden views from the living room, dining room, kitchen, and eating nook.
The living room is appointed with ample room for seating, cozy fireplace, and access to garden patio. Adjacent to living
room is dining room for formal gatherings while the kitchen offers eating nook overlooking the courtyard. A master chef
will enjoy the ease of preparations in kitchen with upgrades including granite counters, tile backsplash, wine cooler, and
high-end stainless cooktop with oven. Recent upgrades include air conditioning, bathroom refresh, laundry room upgrade and
additional garage storage. The Terraces amenities include pool, clubhouse and direct access to hiking trails.
The Terraces is a 55 and older community.

Last Agent to Sell the Property

Rebecca Anderson

Surterre Properties Inc. License #01913892 Listed on: 04/22/2021

Surterre Properties Inc.

Last Buyer's Agent

Jim Kline

Surterre Properties Inc. License #01171319

Surterre Properties Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,074

Year Built

  • Built in 1986 | Remodeled

HOA Fees

  • $467 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Cape Cod Architecture
  • Slab Foundation

Interior Spaces

  • 1,425 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Spa
  • Enclosed Patio or Porch
  • Exterior Lighting

Schools

  • Corona Del Mar High School

Additional Features

  • Grab Bar In Bathroom
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11949
  • Assessor Parcel Number 93461116

Community Details

Overview

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

Amenities

  • Community Barbecue Grill

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,074

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$467 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: 9494331943
  • Property Attached: Yes
  • Subdivision Name Other: Terraces (TCDM)
  • View: No
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93461116
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1425.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: Grab Bars In Bathroom(s)
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1070.18
  • Room Type: All Bedrooms Down, Main Floor Master Bedroom, Walk-In Closet
  • Spa Features: Association
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Privacy Toilet Door, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Patio And Porch Features: Enclosed, 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
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: Dryer Included, 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, Barbecue, Pets Permitted, Call for Rules
  • Association Fee: 467.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 714-779-1300
  • Senior Community: Yes
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Cardinal

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: 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 11949

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2025
Sold by
Penhollow Trust and Penhollow Carol A
Bought by
Penhollow Trust and Gordon
Current Estimated Value
$2,147,843

Purchase Details

Closed on
Apr 29, 2024
Sold by
Penhollow Trust and Penhollow Carol A
Bought by
Survivors Trust and Penhollow

Purchase Details

Listed on
Apr 22, 2021
Closed on
Apr 30, 2021
Sold by
Sharratt Rebecca A and The Rebecca Sharratt Trust
Bought by
Penhollow John S and Penhollow Carol A
Seller's Agent
Rebecca Anderson
Surterre Properties Inc.
Buyer's Agent
Jim Kline
Surterre Properties Inc.
List Price
$1,525,000
Sold Price
$1,525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%

Purchase Details

Closed on
Jan 18, 2018
Sold by
Phillips Layn R and Phillips Kathryn H
Bought by
Sharratt Rebecca A and The Rebecca Sharratt Trust

Purchase Details

Closed on
Dec 9, 2004
Sold by
Burt Robert A and Burt Donna C
Bought by
Phillips Layn R and Phillips Kathryn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2002
Sold by
Johnson E Cooper
Bought by
Burt Robert A and Burt Donna C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
5.12%

Purchase Details

Closed on
Mar 31, 1997
Sold by
Messenger Ann
Bought by
Johnson E Cooper and E Cooper Johnson Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.98%

Purchase Details

Closed on
Oct 25, 1996
Sold by
Tutton Judith G
Bought by
Messenger Ann and The Tutton Revocable Living 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
Penhollow Trust -- None Listed On Document
Survivors Trust -- None Listed On Document
Penhollow John S $1,550,000 Fidelity Natl Ttl Orange Cnt
Sharratt Rebecca A $1,208,000 California Title Co
Phillips Layn R $825,000 Equity Title Company
Burt Robert A $525,000 Equity Title Company
Johnson E Cooper $296,000 Guardian Title Company
Messenger Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Layn R $660,000
Previous Owner Burt Robert A $472,500
Previous Owner Johnson E Cooper $110,000
Closed Phillips Layn R $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2021 05/18/21 Sold $1,525,000 0.0% $1,070 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $1,525,000 -- $1,070 / 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 $8,074 $752,122 $459,737 $292,385
2024 $8,074 $737,375 $450,723 $286,652
2023 $7,880 $722,917 $441,885 $281,032
2022 $7,745 $1,581,000 $1,439,926 $141,074
2021 $13,720 $1,269,823 $1,130,725 $139,098
2020 $13,588 $1,256,803 $1,119,131 $137,672
2019 $13,310 $1,232,160 $1,097,187 $134,973
2018 $10,972 $1,010,674 $846,719 $163,955
2017 $10,779 $990,857 $830,116 $160,741
2016 $10,539 $971,429 $813,839 $157,590
2015 $10,439 $956,838 $801,615 $155,223
2014 $9,465 $868,750 $726,720 $142,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21079511

California Regional Multiple Listing Service (CRMLS)

APN: 934-611-16