NOT LISTED FOR SALE

41 Michael Rd Ladera Ranch, CA 92694

Estimated Value: $2,391,955 - $2,687,000

4 Beds
4.5 Baths
3,291 Sq Ft
$765/Sq Ft Est. Value

Last Sold September 26, 2017

Last sale price $1,220,000 $371 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $14,916/month

Highlights

  • Primary Bedroom Suite
  • Canyon View
  • Loft
  • Oso Grande Elementary School Rated A
  • Main Floor Primary Bedroom
  • 2-minute walk to Arroyo Park

About This Home

As of November 2017

Brilliant English Country home in the guard-gated community of Covenant Hills. This single family residence is offering a suburban relaxing lifestyle at its finest. The main floor is featured with 3 bedroom suites, including the master suites, living room, formal dining room, family room, and a breakfast area with stunning canyon views. Quality features include new paint throughout, gourmet kitchen with large kitchen island, stainless steel appliances including Sub Zero refrigerator and Wolf six burner range and hood. Other amenities include stunning tile flooring, upgraded cabinetry, crown molding, hardwood flooring, fireplace, French doors, and surround sound. The second floor has a spacious loft, and another bedroom suite. The outdoor features are equally exciting – outdoor furnace on the side yard, and the backyard offers custom BBQ island, fire pit, putting zone and a breathe-taking sunset view in the evening.

Last Agent to Rent the Property

Miles Zhao

Keller Williams Realty Irvine License #01942635 Listed on: 10/06/2017

Keller Williams Realty Irvine

Last Renter's Agent

Arlen Raubach

Compass License #01890023

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 10,010 Sq Ft Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 3,291 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Loft
  • Canyon Views

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $4,950
  • Rent includes gardener
  • 12-Month Minimum Lease Term
  • Available 10/9/17
  • Tax Lot 1
  • Tax Tract Number 15990
  • Assessor Parcel Number 74152101

Community Details

Overview

  • Property has a Home Owners Association
  • Foothills

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2017-10-09
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 200
  • Deposit Security: 4950
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Covenant Hills Custom Homes (COVC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 74152101
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3291.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1.50
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Loft, Main Floor Master Bedroom, Master Suite, Walk-In Closet

Exterior Features

  • View: Canyon
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Foothills, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10010.00

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Rent Includes: Gardener

Tax Info

  • Tax Census Tract: 320.61
  • Tax Lot: 1
  • Tax Tract Number: 15990

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2017
Closed on
Aug 14, 2017
Sold by
Fu Zhigeng and Su Zhan
Bought by
Zhang Xuelin
Seller's Agent
Carrie Gilmore
Compass
Buyer's Agent
Miles Zhao
Keller Williams Realty Irvine
List Price
$1,299,000
Sold Price
$1,220,000
Premium/Discount to List
-$79,000
-6.08%
Current Estimated Value
$2,544,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,324,274
Avg. Annual Appreciation
9.15%
Original Mortgage
$793,325
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 21, 2017
Closed on
Aug 11, 2017
Sold by
Pang Hngjian
Bought by
Zhang Xuelin
Seller's Agent
Carrie Gilmore
Compass
Buyer's Agent
Miles Zhao
Keller Williams Realty Irvine
List Price
$1,299,000
Sold Price
$1,220,000
Premium/Discount to List
-$79,000
-6.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$793,325
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 1, 2013
Sold by
Ferrise James R and Ferrise Sandra M
Bought by
Fu Zhigeng and Su Zhan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2006
Sold by
William Lyon Homes Inc
Bought by
Ferrise James R and Ferrise Sandra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$973,800
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Zhang Xuelin $1,220,500 North American Title Co
Zhang Xuelin -- North American Title Co
Fu Zhigeng -- Lawyers Title
Ferrise James R $1,217,500 Fidelity National Title-Buil
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhang Xuelin $793,325
Previous Owner Fu Zhigeng $690,000
Previous Owner Ferrise James R $973,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2017 11/10/17 Rented $4,950 0.0% --
10/17/2017 10/17/17 Under Contract -- -- --
10/06/2017 10/06/17 For Rent $4,950 0.0% --
09/26/2017 09/26/17 Sold $1,220,000 -2.3% $371 / Sq Ft View Prior Sale
07/28/2017 07/28/17 Price Changed $1,249,000 -3.8% $380 / Sq Ft
06/21/2017 06/21/17 For Sale $1,299,000 0.0% $395 / Sq Ft
07/09/2014 07/09/14 Rented $5,600 0.0% --
07/09/2014 07/09/14 For Rent $5,600 -- --
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 $19,029 $1,388,718 $730,264 $658,454
2024 $19,029 $1,361,489 $715,945 $645,544
2023 $18,683 $1,334,794 $701,907 $632,887
2022 $18,581 $1,308,622 $688,144 $620,478
2021 $18,282 $1,282,963 $674,651 $608,312
2020 $18,047 $1,269,808 $667,733 $602,075
2019 $18,049 $1,244,910 $654,640 $590,270
2018 $17,982 $1,220,500 $641,803 $578,697
2017 $18,165 $1,220,196 $626,080 $594,116
2016 $18,094 $1,196,271 $613,804 $582,467
2015 $18,103 $1,178,302 $604,584 $573,718
2014 $18,207 $1,155,221 $592,741 $562,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17231304

California Regional Multiple Listing Service (CRMLS)

APN: 741-521-01