NOT LISTED FOR SALE

492 N Olive St Orange, CA 92866

Estimated Value: $880,724 - $1,022,000

2 Beds
1 Bath
860 Sq Ft
$1,110/Sq Ft Est. Value

Last Sold July 21, 2014

Last sale price $515,000 $599 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,770/month

10 Days on Market

Highlights

  • Updated Kitchen
  • Craftsman Architecture
  • Corner Lot
  • Open Floorplan
  • Wood Flooring
  • Granite Countertops

About This Home

As of July 2014

CLASSIC 1918 CRAFTSMAN BUNGALOW THAT HAS THE CHARM OF YESTERYEAR BUT REMODELED FOR TODAY'S LIFESTYLE. THE FRONT LAWN IS ENCLOSED BY A PICKETT FENCE WHICH PROTECTS THE CALIFORNIA NATIVE DROUGHT-TOLERANT VEGETATION. ONCE INSIDE, ORIGINAL VERTICAL GRAIN DOUGLAS FIR FLOORS ACCENT THE ROOMS. THE LIVING ROOM OPENS TO THE KITCHEN CREATING A "GREAT ROOM" THAT IS PERFECT FOR ENTERTAINING. THE KITCHEN FEATURES SHAKER STYLE CHERRY CABINETS W/SELF CLOSING DRAWERS AND HANDY PULLOUT SHELVES AND DUAL PANTRIES. THE CENTER ISLAND DESIGN HAS A BREAKFAST BAR AND A JENN AIR STAINLESS GAS STOVE AND CONVECTION OVEN VENTED BY A EURO LINE JETAIR MADE IN ITALY. A STAINLESS BOSCH DISHWASHER AND STAINLESS SINK. THE COUNTER TOPS ARE CUSTOM SANTA CECELIA GRANITE WHICH ADD ELEGANCE TO THE ROOM. NEWER COPPER PLUMBING AND UPGRADED ELECTRICAL SERVICE. THE 2 CAR DETACHED GARAGE HAS AN AUTOMATIC DOOR OPENER AND A LAUNDRY AREA. THE REAR YARD HAS RAISED GARDEN AREAS AND MULTIPLE POMEGRANATE OR RUBY RED GRAPEFRUIT TREES. FRONT AND REAR SPRINKLERS MAKE IT EASY TO EXPAND THE GARDENS. ONE BLOCK FROM CHAPMAN UNIVERSITY, 5 BLOCKS TO THE PLAZA.

Last Agent to Sell the Property

Albert Ricci

Ricci Realty License #01011606 Listed on: 06/09/2014

Last Buyer's Agent

Douglas Willits

Seven Gables Real Estate License #01787611

Seven Gables Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,808

Year Built

  • Built in 1919

Lot Details

  • 4,792 Sq Ft Lot
  • Wood Fence
  • Corner Lot
  • Sprinkler System
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • RV Potential

Home Design

  • Craftsman Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Copper Plumbing

Interior Spaces

  • 860 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 1 / B
  • Tax Tract Number 1
  • Assessor Parcel Number 03914328

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,808

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: OLD TOWN ORANGE
  • View: No
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 03914328
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 860.00
  • Interior Amenities: Copper Plumbing Full, Granite Counters, Open Floorplan, Pantry
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 598.84
  • Room Type: Living Room
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener, RV Potential, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Heating Type: Floor Furnace
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Orange Unified

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 4792.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4792.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: B
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2014
Closed on
Jun 25, 2014
Sold by
Raker Daniel K
Bought by
Chapman University
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
Douglas Willits
Seven Gables Real Estate
List Price
$499,900
Sold Price
$515,000
Premium/Discount to List
$15,100
3.02%
Current Estimated Value
$954,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,931
Avg. Annual Appreciation
5.60%

Purchase Details

Closed on
May 6, 2005
Sold by
Nordmeyer Susan
Bought by
Raker Daniel K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 19, 2003
Sold by
Recinos Rodezno Orlando Alberto and Castro Maria G
Bought by
Nordmeyer Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,550
Interest Rate
5.82%

Purchase Details

Closed on
Apr 18, 1997
Sold by
Hud
Bought by
Recinos Rodezno Orlando Alberto and Castro Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,141
Interest Rate
8.15%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 1996
Sold by
Estela Isaias M
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Aug 23, 1996
Sold by
Countrywide Home Loans Inc
Bought by
Hud
Source: Public Records

Range of Values:

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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
Chapman University $515,000 Orange Coast Title
Raker Daniel K -- Orange Coast Title
Raker Daniel K $510,000 Southland Title Corporation
Nordmeyer Susan $289,000 First American Title Co
Recinos Rodezno Orlando Alberto $105,000 California Counties Title Co
Countrywide Home Loans Inc $111,241 Landsafe Title
Hud -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raker Daniel K $59,000
Previous Owner Raker Daniel K $400,000
Previous Owner Nordmeyer Susan L $40,500
Previous Owner Nordmeyer Susan $283,500
Previous Owner Nordmeyer Susan $274,550
Previous Owner Recinos Rodezno Orlando Alberto $103,000
Previous Owner Recinos Rodezno Orlando Alberto $104,141
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2014 07/21/14 Sold $515,000 +3.0% $599 / Sq Ft
06/19/2014 06/19/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $499,900 -- $581 / 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 $6,808 $618,950 $595,469 $23,481
2024 $6,808 $606,814 $583,793 $23,021
2023 $6,658 $594,916 $572,346 $22,570
2022 $6,529 $583,251 $561,123 $22,128
2021 $6,347 $571,815 $550,120 $21,695
2020 $6,289 $565,952 $544,479 $21,473
2019 $6,210 $554,855 $533,803 $21,052
2018 $6,116 $543,976 $523,336 $20,640
2017 $5,862 $533,310 $513,074 $20,236
2016 $5,749 $522,853 $503,013 $19,840
2015 $5,666 $515,000 $495,458 $19,542
2014 $4,122 $374,035 $355,323 $18,712
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14121484

California Regional Multiple Listing Service (CRMLS)

APN: 039-143-28