$985,000
SOLD NOV 7, 2024

40539 Koa Ct Temecula, CA 92591

5 Beds
3 Baths
2,985 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$330 Per Sq Ft

1% Below List Price

94 Days on Market

Highlights

  • Golf Course Community
  • Heated In Ground Pool
  • Panoramic View
  • Nicolas Valley Elementary School Rated A-
  • Automatic Gate
  • Gated Community

About This Home

As of November 2024

5.125% rate opportunity and fixed electric cost for 23 years...!!! Temecula spool home with a view!!! Over 2900 sqft, 5 bedroom 3 bath smart home is located in the gated community of Nicholas heights Temecula. Beautiful bright white kitchen with ample storage and top of the line black stainless appliances. Walk-in pantry & designer lighting really set off the mood throughout this space. This homes upgrades include a complete smart home package, custom shutters & blinds, upgraded flooring, and baseboards. There is a downstairs bedroom & full bathroom, plus a 3 car tandem garage. An oversized 10x15 laundry room with built-in storage at the top of the stairs leads to a bonus room. Enjoy the stunning master bedroom with gorgeous sunset views from your private balcony overlooking the pool. Three other spacious rooms upstairs and a full bathroom are strategically located down the hall. This wonderful home includes solar with a fixed energy cost for 23 years. Enjoy your backyard view with custom fire pit feature, a built in kitchen, and an oversized patio cover... all of this surrounded by that amazing view! The famous Temecula Wineries are only 4 miles away!!! Pechanga Casino and resort along with a championship PGA golf course are also down the road for your enjoyment.

Last Agent to Sell the Property

Jim Racine

Racine Properties Brokerage Phone: 949-355-5369 License #01231487 Listed on: 07/16/2024

Last Buyer's Agent

Mindi Landry

AARE License #00588950

AARE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,178

Year Built

  • Built in 2018

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Tandem Garage
  • Automatic Gate

Home Design

  • Entry on the 1st floor
  • Tile Roof

Interior Spaces

  • 2,985 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Family Room with Fireplace
  • Bonus Room
  • Storage
  • Panoramic Views
  • Attic Fan

Kitchen

  • Breakfast Bar
  • Double Convection Oven
  • Built-In Range
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Home Security System
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating
  • Solar Heating System

Pool

  • Heated In Ground Pool
  • Waterfall Pool Feature

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • High Efficiency Air Conditioning
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 73
  • Tax Tract Number 36479
  • Assessor Parcel Number 919520024

Community Details

Overview

  • Nicholas Heights Association, Phone Number (888) 203-9170
  • Community Lake
  • Mountainous Community

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,178

Year Built

Built in 2018

Lot Details

0

HOA Fees

$250 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Security System, Smoke Detector(s)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 919520024
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2985.00 Square Feet
  • Interior Amenities: Attic Fan, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Home Automation System, Pantry, Recessed Lighting, Storage
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 329.98
  • Room Type: Bonus Room

Exterior Features

  • Patio: Yes
  • View: Panoramic
  • Patio And Porch Features: Covered
  • Pool Features: Private, Heated, In Ground, Waterfall
  • Pool Private: Yes
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Gated, Tandem Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Convection Oven, Dishwasher, Double Oven
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Solar
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Biking Trails, Hiking Trails
  • Association Fee: 250.00
  • Association Fee Frequency: Monthly
  • Association Name: nicholas heights
  • Phone: 8882039170
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Hiking, Lake, Park, Mountainous, Sidewalks, Street Lights
  • Association Management: nicholas heights

Schools

  • School District: Temecula Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5663.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 432.18
  • Tax Lot: 73
  • Tax Tract Number: 36479

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Oct 29, 2024
Sold by
Rene Brown Family Trust and Brown Rene
Bought by
Joshua Albarracin Irrevocable Trust and Albarracin
Seller's Agent
Jim Racine
Racine Properties
Buyer's Agent
Mindi Landry
AARE
List Price
$999,999
Sold Price
$985,000
Premium/Discount to List
-$14,999
-1.5%
Views
78
Current Estimated Value
$1,002,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,379
Avg. Annual Appreciation
1.94%

Purchase Details

Closed on
Aug 24, 2023
Sold by
Brown Rene
Bought by
Rene Brown Family Trust and Brown

Purchase Details

Listed on
Jul 18, 2020
Closed on
Aug 14, 2020
Sold by
Bruce Robert Martin and Bruce Stephanie
Bought by
Brown Rene
Seller's Agent
Jacqueline Steed
Jackie Steed, Broker
Buyer's Agent
Nicoletta Smith
Maximum Realty & Property Mgn.
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$510,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2019
Sold by
Lennar Homes Of California Inc
Bought by
Bruce Robert Martin and Bruce Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,563
Interest Rate
4.3%
Mortgage Type
VA
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 Type Sale Price Title Company
Grant Deed $985,000 Lawyers Title
Deed -- None Listed On Document
Grant Deed $685,000 Lawyers Title
Grant Deed $540,000 Calatlantic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $510,400 New Conventional
Previous Owner $542,563 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2024 11/07/24 Sold $985,000 -1.5% $330 / Sq Ft
10/24/2024 10/24/24 For Sale $999,999 0.0% $335 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
10/15/2024 10/15/24 Price Changed $999,999 -6.4% $335 / Sq Ft
10/07/2024 10/07/24 Price Changed $1,068,888 +0.9% $358 / Sq Ft
10/07/2024 10/07/24 Price Changed $1,058,888 -4.5% $355 / Sq Ft
07/16/2024 07/16/24 For Sale $1,108,800 +61.9% $371 / Sq Ft
08/14/2020 08/14/20 Sold $685,000 -1.4% $229 / Sq Ft View Prior Sale
08/06/2020 08/06/20 For Sale $695,000 0.0% $233 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/18/2020 07/18/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $695,000 -- $233 / 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 $11,178 $985,000 $246,251 $738,749
2023 $11,178 $712,674 $187,272 $525,402
2022 $11,075 $698,700 $183,600 $515,100
2021 $10,968 $685,000 $180,000 $505,000
2020 $9,089 $564,779 $76,498 $488,281
2019 $9,142 $513,788 $113,788 $400,000
2018 $1,529 $111,557 $111,557 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24145201

California Regional Multiple Listing Service (CRMLS)

APN: 919-520-024