$733,000
SOLD JAN 30, 2025

45558 Olympic Way Temecula, CA 92592

3 Beds
3 Baths
1,840 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$398 Per Sq Ft

2% Below List Price

32 Days on Market

Highlights

  • Updated Kitchen
  • Mountain View
  • Wood Flooring
  • Temecula Luiseno Elementary Rated A-
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of January 2025

A rare opportunity in the coveted community of Rainbow Canyon Villages & Estates, this immaculate home boasts a highly sought-after floorplan that sprawls across 1,840 SQFT with 3 bedrooms, 3 bathrooms, and a versatile den/office complete with a hallway-adjacent wardrobe closet that could potentially have the den act as a 4th bedroom. The upgrades and improvements done to this property are too many to list, but they're highlighted by granite countertops and LG Smart home appliances in the kitchen, along with a full remodel of the downstairs bathroom. Other major enhancements that must be noted include the replacing of windows and sliding doors with energy-efficient, dual pane vinyl windows, a top-of-the-line insulated garage door replacement, smart thermostat installation, modern insulation installed in both attic spaces, and a full exterior painting of the entire residence. The interior layout is ideal, with three bedrooms and two bathrooms upstairs, a large living room to greet you from the entry, and cozy family room off the kitchen and dining nook. Once you make your way to the rear yard through one of the two sliding doors, you're welcomed by a serene, natural setting that truly captures outdoor living in Temecula. Birds float between the mature landscaping and trees while you're able to relax in the covered patio area, shaded from the sun. Around the side in the backyard, you'll find a durable Tuffshed unit great for storage, along with easy access to the 2-car garage. Back out front, you'll be absolutely stunned with curb appeal of this house, as it matches the pride of ownership shown throughout the entire property. Only 2.3 miles to Old Town Temecula, 1.9 miles to Pechanga Resort, .7 miles to Temecula Creek Inn, and 5 miles from Promenade Shopping Mall. Homes like this don't come around often in this neighborhood, so don't miss out on making it yours!

Last Agent to Sell the Property

Joseph LaLiberte

Harcourts One Brokerage Phone: 619-459-0360 License #01986403 Listed on: 11/29/2024

Harcourts One

Last Buyer's Agent

Erin Poturich

Arrive Real Estate License #02152372

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Drip System Landscaping
  • Front and Back Yard Sprinklers
  • Lawn
  • Property is zoned R1

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 1,840 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Sliding Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Storage
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Gas Oven
  • Gas Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas Dryer Hookup

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Rainbow Canyon Villages & Estates Association, Phone Number (951) 699-2918
  • The Avalon Management Group HOA
  • Maintained Community

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 130
  • Assessor Parcel Number 922283007
  • $683 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Tuffshed storage unit, Ring camera above garage, Ring doorbell camera
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 922283007
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1840.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas Starter, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 398.37
  • Room Type: All Bedrooms Up, Den, Family Room, Formal Entry, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower, Shower In Tub, Double Sinks In Primary Bath, Exhaust Fan(s), Remodeled, Upgraded
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Shed(s)
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Tile
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Water Line to Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds
  • Association Fee: 42.00
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Canyon Villages & Estates
  • Phone: 951-699-2918
  • Senior Community: No
  • Community Features: Curbs, Sidewalks
  • Association Management: The Avalon Management Group

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Lot 6500-9999, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 432.54
  • Tax Lot: 38
  • Tax Tract Number: 130...
  • TaxOtherAnnualAssessmentAmount: 683.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Jan 17, 2025
Sold by
Frazier Family Revocable Trust and Frazier Curtis
Bought by
Chou Gary Nelson and Lin Chin Hui
Seller's Agent
Joseph LaLiberte
Harcourts One
Buyer's Agent
Erin Poturich
Arrive Real Estate
List Price
$749,900
Sold Price
$733,000
Premium/Discount to List
-$16,900
-2.25%
Views
75
Current Estimated Value
$737,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,385
Avg. Annual Appreciation
0.64%
Original Mortgage
$696,350
Outstanding Balance
$691,430
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$45,955

Purchase Details

Closed on
Jul 9, 2024
Sold by
Frazier Curtis and Frazier Gerelle
Bought by
Frazier Family Revocable Trust and Frazier

Purchase Details

Listed on
Jun 28, 2022
Closed on
Aug 2, 2022
Sold by
Opendoor Property Trust
Bought by
Frazier Curtis and Frazier Gerelle
Seller's Agent
Jacqueline Moore
OPENDOOR BROKERAGE INC.
Buyer's Agent
Joseph LaLiberte
Harcourts One
List Price
$670,000
Sold Price
$650,000
Premium/Discount to List
-$20,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.77%
Original Mortgage
$455,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2022
Sold by
Cameron Veatch
Bought by
Opendoor Property Trust I

Purchase Details

Closed on
Feb 11, 2015
Sold by
Veatch Philip H
Bought by
Veatch Cameron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Veatch Philip H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2010
Sold by
Gaitan Alex J and Gaitan Tanya G Deluca
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 4, 2005
Sold by
Gaitan Alex J and Gaitan Tanya G Deluca
Bought by
Gaitan Alex J and Gaitan Tanya G Deluca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $733,000 First American Title
Grant Deed -- None Listed On Document
Grant Deed $650,000 None Listed On Document
Grant Deed $655,500 None Listed On Document
Grant Deed $290,000 Ticor Title
Grant Deed $225,500 First American Title Ins Co
Trustee Deed $227,375 Servicelink
Interfamily Deed Transfer -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $696,350 New Conventional
Previous Owner $455,000 New Conventional
Previous Owner $232,000 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $348,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2025 01/30/25 Sold $733,000 -0.9% $398 / Sq Ft
12/31/2024 12/31/24 Pending -- -- --
12/12/2024 12/12/24 Price Changed $739,900 -1.3% $402 / Sq Ft
11/29/2024 11/29/24 For Sale $749,900 +15.4% $408 / Sq Ft
08/09/2022 08/09/22 Sold $650,000 -1.2% $353 / Sq Ft View Prior Sale
07/10/2022 07/10/22 Pending -- -- --
07/07/2022 07/07/22 Price Changed $658,000 -1.8% $358 / Sq Ft
06/28/2022 06/28/22 For Sale $670,000 -- $364 / 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 $4,332 $367,783 $70,727 $297,056
2023 $4,332 $353,504 $67,982 $285,522
2022 $4,063 $328,427 $62,286 $266,141
2021 $3,975 $321,988 $61,065 $260,923
2020 $3,930 $318,687 $60,439 $258,248
2019 $3,871 $312,439 $59,254 $253,185
2018 $3,793 $306,314 $58,093 $248,221
2017 $3,723 $300,308 $56,954 $243,354
2016 $3,652 $294,421 $55,838 $238,583
2015 $3,061 $240,380 $53,298 $187,082
2014 $2,967 $235,673 $52,255 $183,418
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24241565

California Regional Multiple Listing Service (CRMLS)

APN: 922-283-007