$660,000
SOLD OCT 23, 2024

45574 Olympic Way Temecula, CA 92592

4 Beds
2 Baths
1,604 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$411 Per Sq Ft

1% Below List Price

30 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Lawn
  • Temecula Luiseno Elementary Rated A-
  • Main Floor Bedroom
  • Covered patio or porch

About This Home

As of October 2024

SINGLE story POOL home in the GREAT OAK high school boundary! Welcome to 45574 Olympic Way located in the Rainbow Canyon Villages community. Located near Temecula Creek Inn golf course and the Pechanga casino, this lovely home has plenty to offer. As you come inside, you will be greeted by the vaulted ceilings, newer luxury vinyl plank flooring along with the spacious formal living room and family rooms. The kitchen features tile counter tops, stainless steel stove and microwave, recessed lighting and windows looking out to the refreshing pool. This home also comes equipped with updated double paned windows, HVAC system, solar system, and water heater. Throughout the rest of the house you will find the 3 bedrooms, 2 bathrooms, and a 4th bonus room with a closet. Inside the primary bedroom you will find vaulted ceilings, ceiling fan, carpet, sliding closet, and updated walk in shower. Enjoy the large backyard equipped with a sparkling pool and spa, and fire pit area for entertaining. The surrounding neighborhood is set with mature trees and stunning views of the nearby mountain. Commuting to San Diego is a breeze! This home embodies the epitome of convenience, being just minutes away from the 15 freeway, Rainbow Canyon Road, Wine Country, Old Town, Pechanga Casino, shopping centers, dining spots, hospitals, and golf courses. Don't miss out on this opportunity to enjoy the Temecula lifestyle and everything it has to offer.

Last Agent to Sell the Property

Ashley Cooper

Cooper Real Estate Group Brokerage Phone: 951-514-7854 License #01898439 Listed on: 08/12/2024

Cooper Real Estate Group

Co-Listed By

Chad Andersen

Cooper Real Estate Group Brokerage Phone: 951-514-7854 License #02096976

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,761

Year Built

  • Built in 1986

Lot Details

  • 7,405 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Level Lot
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Cosmetic Repairs Needed
  • Planned Development
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 1,604 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Vinyl Flooring
  • Mountain Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Tile Bathroom Countertop
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Schools

  • Temecula Luiseno Elementary School
  • Great Oak High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Accessibility Features
  • Suburban Location

Community Details

  • Rainbow Canyon Villages Association, Phone Number (951) 699-2918
  • Avalon HOA

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 130
  • Assessor Parcel Number 922283008
  • $4,213 per year additional tax assessments
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,761

Year Built

Built in 1986

Lot Details

0

HOA Fees

$46 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R1
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 922283008
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1604.00 Square Feet
  • Interior Amenities: Tile Counters
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: Disability Features
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: In Kitchen, In Living Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 411.47
  • Room Type: All Bedrooms Down, Entry, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
  • Spa Features: Private, In Ground
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s), Tile Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Patio
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Glass, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Water Heater
  • Electric: 220 Volts, Standard
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 46.00
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Canyon Villages
  • Phone: 951-699-2918
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Avalon

Schools

  • School District: Temecula Unified
  • Elementary School: Temecula Luiseno
  • High School: Great Oak
  • Elementary School: Temecula Luiseno
  • High School: Great Oak
  • Elementary School #2: TEMLUI
  • High School2: GREOAK2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999
  • 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: 39
  • Tax Tract Number: 130...
  • TaxOtherAnnualAssessmentAmount: 4213.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2024
Closed on
Oct 16, 2024
Sold by
Griffin Alanna
Bought by
Perez Mario Gascon
Seller's Agent
Ashley Cooper
Cooper Real Estate Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$669,900
Sold Price
$660,000
Premium/Discount to List
-$9,900
-1.48%
Total Days on Market
30
Views
150
Current Estimated Value
$686,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,842
Avg. Annual Appreciation
6.75%
Original Mortgage
$648,045
Outstanding Balance
$644,378
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$42,464

Purchase Details

Listed on
Aug 12, 2024
Closed on
Oct 8, 2024
Sold by
Wetzel Family Trust and Davis Jenifer Bernice
Bought by
Perez Mario Omar Gascon
Seller's Agent
Ashley Cooper
Cooper Real Estate Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$669,900
Sold Price
$660,000
Premium/Discount to List
-$9,900
-1.48%
Views
150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,045
Outstanding Balance
$644,378
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$42,464

Purchase Details

Closed on
Jul 17, 2015
Sold by
Wetzel Daniel and Wetzel Dorene
Bought by
Wetzel Family Trust
Source: Public Records

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Range of Values:

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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
Deed -- First American Title
Grant Deed $660,000 First American Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $648,045 FHA
Previous Owner $254,000 New Conventional
Previous Owner $207,750 New Conventional
Previous Owner $244,495 Fannie Mae Freddie Mac
Previous Owner $195,000 Unknown
Previous Owner $25,100 Credit Line Revolving
Previous Owner $140,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $660,000 -1.5% $411 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
08/12/2024 08/12/24 For Sale $669,900 +1.5% $418 / Sq Ft
06/24/2024 06/24/24 Off Market $660,000 -- --
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
2023 $3,761 $288,396 $81,458 $206,938
2022 $7,129 $282,742 $79,861 $202,881
2021 $7,049 $277,199 $78,296 $198,903
2020 $6,964 $274,358 $77,494 $196,864
2019 $6,911 $268,979 $75,975 $193,004
2018 $6,835 $263,706 $74,487 $189,219
2017 $4,580 $258,536 $73,027 $185,509
2016 $4,517 $253,468 $71,596 $181,872
2015 $4,467 $249,662 $70,521 $179,141
2014 $4,369 $244,774 $69,141 $175,633
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW24110545

California Regional Multiple Listing Service (CRMLS)

APN: 922-283-008