NOT LISTED FOR SALE

Estimated Value: $1,125,000 - $1,403,000

2 Beds
2 Baths
1,250 Sq Ft
$1,001/Sq Ft Est. Value

Last Sold May 09, 2014

Last sale price $555,000 $444 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $7,397/month

19 Days on Market

Highlights

  • Heated In Ground Pool
  • Clubhouse
  • Cathedral Ceiling
  • University Park Elementary Rated A
  • Traditional Architecture
  • Outdoor Cooking Area

About This Home

As of May 2014

A wonderful opportunity to purchase this one story, 2-Bed/2-Bath, 1250 SF home in the coveted Terrace Community of University Park in Irvine. A courtyard gated entrance leads to a sunny and open living room with cathedral ceiling and cozy fireplace. The living room opens through sliding glass doors to a private landscaped patio. The master bedroom has a walk-in closet and improved bathroom area. Home improvements include a newer roof, renovated kitchen and appliances. Additional improvements include vinyl clad windows and patio sliding glass door, water heater, air conditioning and roll-up garage door. The Terrace Association is landscaped with 1,000's of mature trees and lush greenery with facilities that include 2 pools/spas, BBQ's, tot lots, and a clubhouse. Nearby to the Terrace are shopping centers, golf courses, movie theaters, UC Irvine and Irvine Valley College, and easy access to the freeways and public transportation. The Terrace is in the highly acclaimed Irvine Unified School District with local schools University Elementary, San Joaquin Jr. High, and University High School. The association dues are $200.00 per month and there is no Mello Roos.

Last Agent to Sell the Property

Barry Marks

Berkshire Hathaway HomeService License #00907470 Listed on: 03/27/2014

Co-Listed By

Marsha Marks

Berkshire Hathaway HomeService License #01750263

Last Buyer's Agent

Marty Samuel

Realty One Group West License #00452321

Realty One Group West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,021

Year Built

  • Built in 1974

Lot Details

  • 3,049 Sq Ft Lot
  • Wrought Iron Fence
  • Block Wall Fence
  • Fence is in good condition
  • Landscaped
  • Sprinkler System
  • Back and Front Yard

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Guest Parking

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Plantation Shutters
  • Blinds
  • Sliding Doors
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 210
  • Tax Tract Number 8261
  • Assessor Parcel Number 45316226

Community Details

Overview

  • Terrace Community Association, Phone Number (949) 535-4510
  • Built by Standard Pacific
  • Cardiff

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room

Recreation

  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,021

Year Built

Built in 1974

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Terrace (TR)
  • View: No
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45316226
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1250.00
  • Interior Amenities: Cathedral Ceiling(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: In Living Room
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 444.00
  • Room Type: Living Room, Master Bedroom, Walk-In Closet
  • Spa Features: Association, Heated, In Ground
  • Window Features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows, Insulated Windows, Plantation Shutters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block, Good Condition, Wrought Iron
  • Builder Name: Standard Pacific
  • Patio And Porch Features: Concrete
  • Pool Features: Association, Community, Fenced, Heated, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Garage, Garage Door Opener, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Available, Phone Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Dues Paid Monthly, Meeting Room, Outdoor Cooking Area, Pool, Spa/Hot Tub
  • Association Fee: 200.00
  • Association Fee Frequency: Monthly
  • Association Name: Terrace Community
  • Phone: 949-535-4510
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Irvine Unified

Lot Info

  • Lot Features: Back Yard, Front Yard, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3049.0000 Square Feet
  • Number Of Units In Community: 507
  • Number Of Units Total: 507

Tax Info

  • Tax Lot: 210
  • Tax Tract Number: 8261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2014
Closed on
May 7, 2014
Sold by
Shaolian Samuel M and Shaolian Rozita
Bought by
Samuel M & Rozita Shaolin Family Trust
Seller's Agent
Barry Marks
Berkshire Hathaway HomeService
Buyer's Agent
Marty Samuel
Realty One Group West
List Price
$568,000
Sold Price
$555,000
Premium/Discount to List
-$13,000
-2.29%
Current Estimated Value
$1,250,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,759
Avg. Annual Appreciation
7.35%
Original Mortgage
$200,000
Outstanding Balance
$152,095
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$1,098,664

Purchase Details

Listed on
Mar 27, 2014
Closed on
Apr 16, 2014
Sold by
Montrella Anthony James and Montrella Beverly J
Bought by
Shaolian Samuel M and Shaolian Rozita
Seller's Agent
Barry Marks
Berkshire Hathaway HomeService
Buyer's Agent
Marty Samuel
Realty One Group West
List Price
$568,000
Sold Price
$555,000
Premium/Discount to List
-$13,000
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$152,095
Interest Rate
4.35%
Mortgage Type
New Conventional
Estimated Equity
$1,098,664

Purchase Details

Closed on
May 23, 2012
Sold by
Montrella Anthony James and Montrella Beverly J
Bought by
Montrella Anthony James and Montrella Beverly J

Purchase Details

Closed on
Aug 26, 1997
Sold by
Pulliam Steven D and Pulliam Karen H
Bought by
Elliott Kristyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,800
Interest Rate
7.44%
Source: Public Records

Range of Values:

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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
Samuel M & Rozita Shaolin Family Trust -- First American Title
Shaolian Samuel M $555,000 First American Title
Montrella Anthony James -- None Available
Montrella Anthony James -- None Available
Montrella Anthony James -- None Available
Elliott Kristyn A $170,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaolian Samuel M $200,000
Previous Owner Elliott Kristyn A $135,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2014 05/09/14 Sold $555,000 -2.3% $444 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
03/27/2014 03/27/14 For Sale $568,000 0.0% $454 / Sq Ft
03/10/2013 03/10/13 Rented $2,200 -4.3% --
03/09/2013 03/09/13 Under Contract -- -- --
01/12/2013 01/12/13 For Rent $2,300 -- --
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 $7,021 $680,347 $572,770 $107,577
2024 $7,021 $667,007 $561,539 $105,468
2023 $6,840 $653,929 $550,529 $103,400
2022 $6,718 $641,107 $539,734 $101,373
2021 $6,568 $628,537 $529,151 $99,386
2020 $6,531 $622,093 $523,726 $98,367
2019 $6,387 $609,896 $513,457 $96,439
2018 $6,274 $597,938 $503,389 $94,549
2017 $6,144 $586,214 $493,518 $92,696
2016 $5,869 $574,720 $483,841 $90,879
2015 $5,781 $566,088 $476,574 $89,514
2014 $2,318 $221,104 $132,675 $88,429
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14062686

California Regional Multiple Listing Service (CRMLS)

APN: 453-162-26