NOT LISTED FOR SALE

387 Draft Way Placentia, CA 92870

Estimated Value: $605,479 - $696,000

2 Beds
2 Baths
1,075 Sq Ft
1998 Built

Last Sold July 09, 2012

Last sale price $238,000 $221 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $3,670/month

32 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Wood Flooring
  • Van Buren Elementary School Rated A
  • Contemporary Architecture
  • Breakfast Area or Nook

About This Home

As of July 2012

NO OFFER AS OF 1/18/2012. Perfect condo in Gated Altura complex. Awesome location in the city of Placentia. 2 Bedrooms, 2 Full Baths, 1075 approx. square feet. 1 Car Garage with direct access and parking spot if needed. Granite in the kitchen, hardwood laminate flooring, balcony, indoor laundry, all on one level (top level). Entering from the garage, laundry on the right, as you walk up stairs to your living space, you'll find 'Great Room' feel with kitchen opening up to living room w/ fireplace, and informal dining. Master Bedroom w/ private bath and separate bedroom + full bath down the hall. Community offers Pool, Spa, Clubhouse, Gym. Close to the 91 and 57 Freeways.

Last Agent to Sell the Property

Dominic Petrossi

T.N.G. Real Estate Consultants License #01511008 Listed on: 12/22/2011

T.N.G. Real Estate Consultants

Last Buyer's Agent

Lena Duan

Homequest Real Estate License #01707400

Homequest Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1998

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Parking Lot

Home Design

  • Contemporary Architecture
  • Tile Roof
  • Concrete Roof
  • Wood Siding
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,075 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • 220 Volts In Laundry

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 15015
  • Assessor Parcel Number 93449477

Community Details

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Property has a Home Owners Association
  • Clubhouse

Property Details

Home Type

Condominium

Year Built

Built in 1998

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Altura
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93449477
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1075.00
  • Interior Amenities: Balcony, Copper Plumbing Full
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Nook
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: One
  • Price Per Square Foot: 221.40
  • Room Type: All Bedrooms Up, Walk-In Closet
  • Spa Features: Association

Exterior Features

  • Patio: No
  • Fence: No
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Concrete, Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pool, Spa/Hot Tub
  • Association Fee: 219.00
  • Senior Community: No

Lot Info

  • Land Lease Purchase: No

Multi Family

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

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 15015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2013
Sold by
Lu Tao and Cheng Hsiao Ying
Bought by
Cheng Hsiao Ying Llc
Current Estimated Value
$643,870

Purchase Details

Listed on
Dec 22, 2011
Closed on
Jun 1, 2012
Sold by
Omahony Michael Peter and Omahony Jennifer Dawn
Bought by
Lu Tao and Cheng Hsiao Ying
Seller's Agent
Dominic Petrossi
T.N.G. Real Estate Consultants
Buyer's Agent
Lena Duan
Homequest Real Estate
List Price
$239,000
Sold Price
$238,000
Premium/Discount to List
-$1,000
-0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$166,600
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2008
Sold by
Smith Jason and Smith Sandra
Bought by
Omahony Michael Peter and Omahony Jennifer Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,747
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 2003
Sold by
Burandt Timothy Arthur and Burandt Erin Elizabeth
Bought by
Smith Jason and Smith Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1998
Sold by
Ridgegate Estates
Bought by
Burandt Thimothy Arthur and Burandt Erin Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,200
Interest Rate
6.42%
Mortgage Type
FHA
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
Cheng Hsiao Ying Llc -- None Available
Lu Tao $238,000 Fidelity National Title Co
Omahony Michael Peter $340,000 Landwood Title
Smith Jason $295,000 First American Title Co
Burandt Thimothy Arthur $120,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lu Tao $166,600
Previous Owner Omahony Michael Peter $334,747
Previous Owner Smith Jason $160,000
Previous Owner Burandt Thimothy Arthur $117,200
Closed Smith Jason $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2012 07/09/12 Sold $238,000 +2.6% $221 / Sq Ft
01/18/2012 01/18/12 Price Changed $232,000 -2.1% $216 / Sq Ft
01/13/2012 01/13/12 Price Changed $237,000 -0.8% $220 / Sq Ft
12/22/2011 12/22/11 For Sale $239,000 -- $222 / 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 $3,564 $293,073 $159,969 $133,104
2024 $3,564 $287,327 $156,832 $130,495
2023 $3,504 $281,694 $153,757 $127,937
2022 $3,475 $276,171 $150,742 $125,429
2021 $3,420 $270,756 $147,786 $122,970
2020 $3,427 $267,980 $146,270 $121,710
2019 $3,317 $262,726 $143,402 $119,324
2018 $3,279 $257,575 $140,590 $116,985
2017 $3,229 $252,525 $137,833 $114,692
2016 $3,169 $247,574 $135,130 $112,444
2015 $3,132 $243,856 $133,101 $110,755
2014 $3,937 $239,080 $130,494 $108,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P806660

California Regional Multiple Listing Service (CRMLS)

APN: 934-494-77