NOT LISTED FOR SALE

40 Rainbow Lake Unit 16 Irvine, CA 92614

Woodbridge Neighborhood

Estimated Value: $1,574,000 - $1,886,000

3 Beds
2.5 Baths
2,320 Sq Ft
$385/mo HOA Fee

Last Sold October 23, 2020

Last sale price $995,000 $429 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $10,490/month

10 Days on Market

Highlights

  • Spa
  • Fishing
  • Primary Bedroom Suite
  • Springbrook Elementary School Rated A
  • No Units Above
  • 5-minute walk to Wintermist Park

About This Home

As of October 2020

Enter through a private gated courtyard and step through the front door of this amazingly upgraded home with its sought-after floor plan. Located Inside the Loop, in the desirable Lakeside neighborhood, the home is steps to South Lake, tennis courts, pools, playgrounds, parks and schools. Plenty of natural light flows throughout the open and airy layout. Stunning hardwood flooring and plush carpeting blend charmingly with the paint tones found throughout the home. The vaulted ceilings in the living and dining room add dimension and beauty. White brick-accented fireplace in the living room. The dining room doors open to the backyard. The white, light & bright upgraded gourmet kitchen with island, quartz counter-tops, and stainless steel appliances opens to the breakfast nook which looks onto the low-maintenance tastefully-paved yard, where family and friends will make good use of the built-in BBQ and fire-pit. The family room is the place where everyone will love to gather. You will appreciate the magnificent staircase with its overhead skylight! The master bedroom with its retreat, is about twice the size of an average master bedroom, and the huge walk-in closet and soaking tub, dual vanities are sure to delight. The two spacious upstairs secondary bedrooms share an upgraded bathroom. Convenient inside laundry with storage space. Plantation shutters. Recessed lighting. Ceiling fans. As a Woodbridge resident, will have access to all the resort-like amenities. No Mello-Roos.

Last Agent to Sell the Property

Debbie Sagorin

Coldwell Banker Realty License #01411020 Listed on: 08/29/2020

Coldwell Banker Realty

Last Buyer's Agent

Brian Reschke

SD Properties Group License #01424554

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,270

Year Built

  • Built in 1985

Lot Details

  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wood Fence
  • Private Yard
  • Back Yard

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Turnkey
  • Stucco

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Plantation Shutters
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Neighborhood Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Mirrored Closets Doors
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Exterior Lighting

Location

  • Property is near a park
  • Suburban Location

Schools

  • Springbrook Elementary School
  • South Lake Middle School
  • Woodbridge High School

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 12068
  • Assessor Parcel Number 93884426

Community Details

Overview

  • 132 Units
  • Woodbridge Village Association, Phone Number (949) 786-1800
  • Lakeside Maintenance Association, Phone Number (949) 334-6025
  • Wva HOA
  • Built by Standard Pacific
  • Lakeside Subdivision, Lucerne Floorplan
  • Community Lake

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Fishing
  • Park

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,270

Year Built

Built in 1985

Lot Details

0

HOA Fees

$385 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Washer & dryer
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Lakeside (LK)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93884426
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2320.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room, In Kitchen
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 428.88
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Retreat, Walk-In Closet
  • Spa Features: Association
  • Window Features: Plantation Shutters, Skylight(s)
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Builder Name: Standard Pacific
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Range Hood
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Lakeside Maintenance Association
  • Amenities: Pool, Playground, Tennis Court(s), Sport Court
  • Association Fee: 105.00
  • Association #2 Fee: 280.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Woodbridge Village Association
  • Phone: 949-786-1800
  • Association Phone #2: 949-334-6025
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Fishing, Lake, Park, Sidewalks, Street Lights, Suburban
  • Association Management: WVA

Schools

  • School District: Irvine Unified
  • Elementary School: Springbrook
  • Middle School: South Lake
  • High School: Woodbridge
  • Elementary School: Springbrook
  • High School: Woodbridge
  • Middle Or Junior School: South Lake
  • Elementary School #2: SPRING
  • High School2: WOODBR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Park Nearby, Paved, Yard

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 132
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 525.14
  • Tax Lot: 2
  • Tax Tract Number: 12068

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2020
Closed on
Sep 15, 2020
Sold by
Dicostanzo Anthony Zenas and Dicostanzo Alysha Carol
Bought by
Reschke Keith and Okamoto Michelle
Seller's Agent
Debbie Sagorin
Coldwell Banker Realty
Buyer's Agent
Brian Reschke
SD Properties Group
List Price
$999,900
Sold Price
$995,000
Premium/Discount to List
-$4,900
-0.49%
Current Estimated Value
$1,733,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$738,986
Avg. Annual Appreciation
11.77%
Original Mortgage
$796,000
Outstanding Balance
$706,397
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,027,589

Purchase Details

Closed on
May 25, 2011
Sold by
Dicostanzo Anthony Z and Dicostanzo Alysha C
Bought by
Dicostanzo Anthony Zenas and Dicostanzo Alysha Carol

Purchase Details

Closed on
Oct 23, 2001
Sold by
Dicostanzo Anthony Z and Dicostanzo Alysha C
Bought by
Dicostanzo Anthony Z and Dicostanzo Alysha C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.63%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 25, 1998
Sold by
Jakusik Bruce E and Jakusik Mary
Bought by
Dicostanzo Anthony Z and Straub Alysha C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
7.06%

Purchase Details

Closed on
May 28, 1996
Sold by
Scott Riddles Paul and Kay Susan Kay
Bought by
Jakusik Bruce E and Jakusik Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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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
Reschke Keith $995,000 First American Title Company
Dicostanzo Anthony Zenas -- None Available
Dicostanzo Anthony Z -- None Available
Dicostanzo Anthony Z -- Fidelity National Title Ins
Dicostanzo Anthony Z $345,000 --
Jakusik Bruce E $320,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reschke Keith $796,000
Previous Owner Dicostanzo Anthony Z $245,000
Previous Owner Dicostanzo Anthony Z $226,000
Previous Owner Jakusik Bruce E $256,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $995,000 -0.5% $429 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $999,900 -- $431 / 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 $11,270 $1,077,019 $850,671 $226,348
2024 $11,270 $1,055,901 $833,991 $221,910
2023 $10,982 $1,035,198 $817,639 $217,559
2022 $10,785 $1,014,900 $801,606 $213,294
2021 $10,546 $995,000 $785,888 $209,112
2020 $5,305 $503,703 $258,693 $245,010
2019 $5,187 $493,827 $253,621 $240,206
2018 $5,093 $484,145 $248,648 $235,497
2017 $4,987 $474,652 $243,772 $230,880
2016 $4,764 $465,346 $238,993 $226,353
2015 $4,692 $458,357 $235,404 $222,953
2014 $4,600 $449,379 $230,793 $218,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20178088

California Regional Multiple Listing Service (CRMLS)

APN: 938-844-26