NOT LISTED FOR SALE

45521 Olympic Way Temecula, CA 92592

Estimated Value: $713,000 - $820,000

4 Beds
3 Baths
2,602 Sq Ft
$298/Sq Ft Est. Value

Last Sold January 16, 2018

Last sale price $445,000 $171 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,556/month

28 Days on Market

Highlights

  • Peek-A-Boo Views
  • Deck
  • Cathedral Ceiling
  • Temecula Luiseno Elementary Rated A-
  • Contemporary Architecture
  • Main Floor Bedroom

About This Home

As of January 2018

Welcome to your new South Temecula home!! This beautiful Estates home is located in the wonderful community of Rainbow Canyon
Villages & Estates. As you walk into this home, you enter into a spacious formal living room with fireplace. Step down into the formal
dining room to enjoy your meals in style. The kitchen is a cook's dream with ample counter and storage space with a center island
that makes meal preparation a snap. A breakfast nook just off the kitchen makes enjoying your favorite morning beverage a delight!
Relax in the family room with fireplace which features wood laminate flooring and French doors that open out onto a covered patio.
A large downstairs bedroom and full bathroom offer your guests a great place to stay if its needed.The master suite features french
doors that open out onto a private deck. The master bath has a roman style tub to relax in after a long, tiring day. This unique floor
plan has a bonus room with a built in wet bar just outside the two guest bedrooms. A park like backyard is great for entertaining
and enjoying our pleasant weather. Located just minutes away from shopping, dining, entertainment, 1-15 Freeway, golf and
Temecula's Award Winning Wine Country, this home is a must see to appreciate!!!

Last Agent to Sell the Property

Judy Haines

eXp Realty of California Inc License #01815601 Listed on: 11/02/2017

eXp Realty of California Inc

Last Buyer's Agent

Mary Barney

Century 21 Masters License #01302977

Century 21 Masters

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Fence is in excellent condition
  • Sprinkler System
  • Back and Front Yard
  • Property is zoned R1

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Tile Roof

Interior Spaces

  • 2,602 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Custom Window Coverings
  • French Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Peek-A-Boo Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • Jack-and-Jill Bathroom
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Separate Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Temecula Luiseno Elementary School
  • Erle Stanley Gardner Middle School
  • Great Oak High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Rainbow Canyon Villiages & Estates Association, Phone Number (951) 698-4030
  • Built by Jostri Inc

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 13060
  • Assessor Parcel Number 922282005

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 922282005
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2602.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 171.02
  • Room Type: Bonus Room, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Separate Family Room, Walk-In Closet
  • Window Features: Custom Covering, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Double Sinks In Master Bath, Hollywood Bathroom (Jack&Jill), Separate Tub And Shower
  • Room Kitchen Features: Kitchen Island, Tile Counters

Exterior Features

  • Patio: Yes
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Excellent Condition
  • Builder Name: Jostri Inc
  • Patio And Porch Features: Concrete, Covered, Deck
  • Pool Private: No
  • Roof: Tile
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly
  • Association Fee: 30.00
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Canyon Villiages & Estates
  • Phone: 951-698-4030
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • Elementary School: Temecula Luiseno
  • High School: Great Oak
  • Middle Or Junior School: Erle Stanley Gardner
  • Elementary School #2: TEMLUI
  • High School2: GREOAK2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System
  • Lot Size Sq Ft: 9583.00

Multi Family

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

Tax Info

  • Tax Census Tract: 432.54
  • Tax Lot: 59
  • Tax Tract Number: 13060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2020
Sold by
Desilva Brett Logan and Desilva Kimberly Louise
Bought by
Desilva Brett Logan and Desilva Kimberly Louise
Current Estimated Value
$774,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,500
Outstanding Balance
$342,080
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$432,576

Purchase Details

Listed on
Nov 2, 2017
Closed on
Dec 6, 2017
Sold by
Harkess Thomas L
Bought by
Desilva Brett Logan and Randall Kimberly Louise
Seller's Agent
Judy Haines
eXp Realty of California Inc
Buyer's Agent
Mary Barney
Century 21 Masters
List Price
$469,000
Sold Price
$445,000
Premium/Discount to List
-$24,000
-5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$400,400
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2013
Sold by
Harkess Thomas L
Bought by
Harkess Thomas L and The Thomas L Harkess Revocable Trust

Purchase Details

Closed on
Aug 15, 2005
Sold by
Davis William R and Davis Anna M
Bought by
Davis William Robert and Davis Anna Morris

Purchase Details

Closed on
May 21, 1996
Sold by
Mihelic Thomas R and Mihelic Jo Anne
Bought by
Davis William R and Davis Anna M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Desilva Brett Logan -- North American Title Co
Desilva Brett Logan $445,000 Orange Coast Title Company
Harkess Thomas L -- None Available
Harkess Thomas L $201,000 None Available
Davis William Robert -- --
Davis William R $178,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desilva Brett Logan $386,500
Closed Desilva Brett Logan $400,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2018 01/16/18 Sold $445,000 -5.1% $171 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $469,000 -- $180 / 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 $6,042 $506,326 $151,896 $354,430
2023 $6,042 $486,667 $145,999 $340,668
2022 $5,855 $477,126 $143,137 $333,989
2021 $5,732 $467,772 $140,331 $327,441
2020 $5,669 $462,977 $138,893 $324,084
2019 $5,584 $453,900 $136,170 $317,730
2018 $3,973 $324,672 $54,109 $270,563
2017 $3,901 $318,307 $53,049 $265,258
2016 $3,826 $312,066 $52,009 $260,057
2015 $3,757 $307,380 $51,229 $256,151
2014 $3,642 $301,362 $50,227 $251,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW17250911

California Regional Multiple Listing Service (CRMLS)

APN: 922-282-005