NOT LISTED FOR SALE

45559 Olympic Way Temecula, CA 92592

Estimated Value: $783,000 - $817,000

4 Beds
2.5 Baths
2,361 Sq Ft
$338/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $700,000 $296 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,907/month

1 Day on Market

Highlights

  • Mountain View
  • Deck
  • Corner Lot
  • Temecula Luiseno Elementary Rated A-
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of November 2021

Location, Location, Location.. with Extremely Low Taxes... This South Temecula home is on a corner lot, has quick and easy freeway access, and is zoned for some of the top rated schools in the nation. Other things to note that are close by include: retail shopping, Pechanga Casino, a sports complex, restaurants, Temecula Valley Hospital, easy access to the valley's wineries, Old Town Temecula, and so much more. This home has a pool-sized lot, vaulted ceilings with natural lighting galore, and upgraded lighting throughout. The A/C and heating was updated 5 years ago, and the hot water heater was replaced 4 years ago. There is new Luxury Vinyl Plank flooring throughout. In the kitchen you'll love the granite counter tops, tiled backsplash, automatic closing drawers, double ovens, and stainless steel appliances. In the family room you'll find upgraded surround sound, a tiled fireplace with a grand mantle, and a walk up bar that can hold the bottles of wine from the local wineries. Other upgrades and amenities include: Front door deadbolt with fingerprint reader, Ring doorbell, smart thermostat, vinyl fencing, French doors off of the dinning area, French doors off the main bedroom that lead onto the upstairs deck giving you a view of the local mountains.

Last Agent to Sell the Property

Bradley Thorne

Active Realty License #02061359 Listed on: 10/02/2021

Last Buyer's Agent

Jenny Bae

New Star Realty & Investment License #01958689

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot
  • Property is zoned R1

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Concrete Roof
  • Stucco

Interior Spaces

  • 2,361 Sq Ft Home
  • 2-Story Property
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Mountain Views
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System

Community Details

  • Rainbow Canyon Association, Phone Number (951) 698-4030

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 130
  • Assessor Parcel Number 922282014
  • $598 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

HOA Fees

$36 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 922282014
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2361.00 Square Feet
  • Interior Amenities: Bar, Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 296.48
  • Room Type: All Bedrooms Up
  • Window Features: Blinds

Exterior Features

  • Patio: Yes
  • View: Mountain(s)
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Concrete
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Oven, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 36.00
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Canyon
  • Phone: 9516984030
  • Senior Community: No
  • Community Features: Curbs, Sidewalks
  • Association Management: Rainbow Canyon

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8712.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 432.54
  • Tax Lot: 50
  • Tax Tract Number: 130...
  • TaxOtherAnnualAssessmentAmount: 598.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2021
Closed on
Oct 7, 2021
Sold by
Vallin Ricardo M and Vallin Esperanza
Bought by
Yun Steve J and Yun Hee S
Seller's Agent
Bradley Thorne
Active Realty
Buyer's Agent
Jenny Bae
New Star Realty & Investment
List Price
$674,999
Sold Price
$700,000
Premium/Discount to List
$25,001
3.7%
Current Estimated Value
$797,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,567
Avg. Annual Appreciation
3.20%
Original Mortgage
$200,000
Outstanding Balance
$182,593
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$614,974

Purchase Details

Closed on
Nov 7, 2011
Sold by
Palermo Jason and Palermo Melinda D
Bought by
Vallin Ricardo M and Vallin Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,204
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2004
Sold by
Palermo Melinda Deanne
Bought by
Palermo Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2004
Sold by
Palermo Jason
Bought by
Palermo Jason and Palermo Melinda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 1996
Sold by
Krahn Kenneth G and Krahn Doris J
Bought by
Brown Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.98%
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
Yun Steve J $700,000 First American Title Company
Vallin Ricardo M $240,000 Chicago Title Inland Empire
Palermo Jason -- First American Title Co
Palermo Jason -- First American Title Co
Palermo Jason $450,000 First American Title Co
Brown Barbara L $165,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yun Steve J $200,000
Previous Owner Vallin Ricardo M $257,204
Previous Owner Palermo Jason $352,000
Previous Owner Brown Barbara L $122,000
Closed Palermo Jason $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2021 11/05/21 Sold $700,000 +3.7% $296 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
10/02/2021 10/02/21 For Sale $674,999 +181.4% $286 / Sq Ft
02/10/2012 02/10/12 Sold $239,900 +1.3% $102 / Sq Ft View Prior Sale
09/29/2011 09/29/11 Pending -- -- --
09/23/2011 09/23/11 Price Changed $236,900 -1.3% $100 / Sq Ft
09/08/2011 09/08/11 For Sale $239,900 -- $102 / 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 $8,303 $742,845 $132,651 $610,194
2023 $8,303 $714,000 $127,500 $586,500
2022 $8,050 $700,000 $125,000 $575,000
2021 $3,535 $280,689 $58,012 $222,677
2020 $3,495 $277,812 $57,418 $220,394
2019 $3,442 $272,366 $56,293 $216,073
2018 $3,372 $267,027 $55,191 $211,836
2017 $3,310 $261,792 $54,109 $207,683
2016 $3,174 $256,660 $53,049 $203,611
2015 $3,115 $252,806 $52,253 $200,553
2014 $3,017 $247,856 $51,231 $196,625
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21207984

California Regional Multiple Listing Service (CRMLS)

APN: 922-282-014