NOT LISTED FOR SALE

45640 Olympic Way Temecula, CA 92592

Estimated Value: $646,000 - $727,000

4 Beds
2 Baths
1,946 Sq Ft
$358/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $580,000 $298 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,328/month

10 Days on Market

Highlights

  • Heated Spa
  • Updated Kitchen
  • Mountain View
  • Temecula Luiseno Elementary Rated A-
  • Open Floorplan
  • Wood Burning Stove

About This Home

As of March 2021

This charmer single story home featuring 4 BDR/2 BA, 1,946 sq.ft. Turnkey home with tons of upgrades throughout: freshly painted interior, tiled flooring, upgraded new windows and sliding doors, remodeled bathrooms, new water heater 2018, newer A/C replaced in 2015. Recently replaced pool equipment 2017. Delightful completely remodeled kitchen, corian counter tops, stainless steel appliances open to a family room with wood burning stove and wet bar. Entertainers delight huge backyard with low maintenance landscaping, large Alumawood patio cover and sparkling pool/spa with slider and storage shed. Enjoy this home and all the amenities it has to offer! This is a home where memories were meant to be created, shared & treasured for years to come! This house located in Rainbow Canyon Village Community, just minutes from the I-15 freeway and walking distance to Award Winning schools. Low HOA Fees and Low property tax!

Last Agent to Sell the Property

Tatyana Mitchiner

Allison James Estates & Homes License #01423394 Listed on: 02/11/2021

Allison James Estates & Homes

Last Buyer's Agent

Joe Gonzalez

Direct Realty License #01385924

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 8,276 Sq Ft Lot
  • Wood Fence
  • Level Lot
  • Front Yard Sprinklers
  • Lawn
  • Value in Land
  • On-Hand Building Permits

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Single Garage Door

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Turnkey
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,946 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Stove
  • Fireplace With Gas Starter
  • Plantation Shutters
  • Blinds
  • Window Screens
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Corian Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Luiseno Elementary School
  • Gardner Middle School
  • Great Oak High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Community Details

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

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 13060
  • Assessor Parcel Number 922283013

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

0

HOA Fees

$36 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: TV at backyard
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Property Condition: Building Permit, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 922283013
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1946.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Corian Counters, High Ceilings, Open Floorplan, Recessed Lighting, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area
  • Fireplace Features: Living Room, Gas Starter
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 298.05
  • Room Type: All Bedrooms Down, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
  • Spa Features: Private, Heated, In Ground
  • Window Features: Blinds, Plantation Shutters, Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Remodeled, Upgraded
  • Room Kitchen Features: Corian Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Shed(s)
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Patio
  • Pool Features: Private, Heated, Gas Heat
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Microwave
  • Heating Type: Forced Air, Wood Stove
  • Laundry Features: Individual Room, Inside
  • 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 Village
  • Phone: 951-699-2918
  • Senior Community: No
  • Community Features: Curbs, Sidewalks
  • Association Management: Avalon Management

Schools

  • Elementary School: Luiseno
  • High School: Great Oak
  • Middle Or Junior School: Gardner
  • Elementary School #2: LUISEN
  • High School2: GREOAK2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level, Sprinkler System, Sprinklers In Front, Value In Land
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900
  • Latitude Manual: 33.46795700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8276.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 432.54
  • Tax Lot: 44
  • Tax Tract Number: 13060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Feb 24, 2021
Sold by
Keith Mickey H and Keith Madeline M
Bought by
Schmitt Barry Peter and Schmitt Amanda L
Seller's Agent
Tatyana Mitchiner
Allison James Estates & Homes
Buyer's Agent
Joe Gonzalez
Direct Realty
List Price
$600,000
Sold Price
$580,000
Premium/Discount to List
-$20,000
-3.33%
Current Estimated Value
$705,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,869
Avg. Annual Appreciation
3.95%
Original Mortgage
$580,000
Outstanding Balance
$520,193
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$177,328
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
Schmitt Barry Peter $580,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitt Barry Peter $580,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2021 03/25/21 Sold $580,000 -3.3% $298 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/16/2021 02/16/21 Price Changed $600,000 0.0% $308 / Sq Ft
02/16/2021 02/16/21 For Sale $600,000 +3.4% $308 / Sq Ft
02/16/2021 02/16/21 Off Market $580,000 -- --
02/11/2021 02/11/21 For Sale $549,900 0.0% $283 / Sq Ft
01/03/2012 01/03/12 Rented $1,895 0.0% --
01/03/2012 01/03/12 Under Contract -- -- --
11/15/2011 11/15/11 For Rent $1,895 -- --
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 $7,133 $627,808 $129,890 $497,918
2023 $7,133 $603,432 $124,848 $478,584
2022 $6,913 $206,627 $57,211 $149,416
2021 $2,642 $202,577 $56,090 $146,487
2020 $2,610 $200,500 $55,515 $144,985
2019 $2,569 $196,570 $54,427 $142,143
2018 $3,440 $192,716 $53,360 $139,356
2017 $3,372 $188,938 $52,314 $136,624
2016 $3,325 $185,235 $51,289 $133,946
2015 $3,289 $182,454 $50,519 $131,935
2014 $2,297 $178,881 $49,530 $129,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW21020056

California Regional Multiple Listing Service (CRMLS)

APN: 922-283-013