NOT LISTED FOR SALE

Estimated Value: $1,090,000 - $1,333,000

2 Beds
2 Baths
1,204 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold February 26, 2016

Last sale price $570,000 $473 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $7,175/month

24 Days on Market

Highlights

  • Heated In Ground Pool
  • No Units Above
  • Traditional Architecture
  • University Park Elementary Rated A
  • Property is near public transit
  • Cathedral Ceiling

About This Home

As of February 2016

Excellent opportunity to own recently renovated 1,204 SF single story home with 2-car attached garage in a good location with 2-bed/2-bath in the Terrace Community of University Park. Recent upgrades include new paint, laminate wood floors, recessed lighting, bathroom tile floors, vanities, and tiled fireplace. Other improvements include Pella windows, Plantations shutters, roof, garage door and hot water heater. Enter home through a gated courtyard into a warm and inviting living room with vaulted ceiling and cozy fireplace. The large sunny kitchen with sliding Pella glass doors opens to an enclosed private patio surrounded by trees and foliage. Enjoy pleasant walks along a sprawling tree lined greenbelt. The community offers two swimming pools with Jacuzzi’s, BBQ’s and a community clubhouse. Nearby are shopping centers, three golf courses, Mason Park, UC Irvine and easy access to the 405 Freeways and public transportation. The Terrace is in the highly acclaimed Irvine Unified School District - local schools are University Elementary, San Joaquin Jr. High, and University High school.

Last Agent to Sell the Property

Barry Marks

Berkshire Hathaway HomeService License #00907470 Listed on: 01/04/2016

Co-Listed By

Marsha Marks

Berkshire Hathaway HomeService License #01750263

Last Buyer's Agent

Alisha Chen

Cornerstone Group License #01358495

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,964

Year Built

  • Built in 1977

Lot Details

  • 2,912 Sq Ft Lot
  • No Units Located Below
  • Two or More Common Walls
  • Stone Wall
  • Wrought Iron Fence

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,204 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Window Screens
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

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

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 220 Volts in Kitchen
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 211
  • Tax Tract Number 8261
  • Assessor Parcel Number 45316227

Community Details

Overview

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

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Banquet Facilities
  • Meeting Room
  • Recreation Room

Recreation

  • Community Pool
  • Community Spa

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,964

Year Built

Built in 1977

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Terrace (TR)
  • View: No
  • Architectural Style: Modern, Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45316227
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1204.00
  • Interior Amenities: Cathedral Ceiling(s), Copper Plumbing Partial, Recessed Lighting, Tile Counters
  • Stories: 1
  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Wood
  • 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 Kitchen
  • Entry Level: 1
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 473.42
  • Room Type: Family Room
  • Spa Features: Association, Heated, In Ground
  • Window Features: Double Pane Windows, Plantation Shutters, Screens

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Stone, Wrought Iron
  • Builder Name: Standard Pacific
  • Patio And Porch Features: Concrete, Patio
  • Pool Features: Association, Fenced, Heated, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage Faces Front, Direct Garage Access, Garage Door Opener, On Site, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Sewer Available, Phone Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave
  • Electric: 220 Volts in Kitchen, Electricity - On Property
  • Heating Type: Central, Fireplace(s), Natural Gas
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Irvine Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Planned Unit Development, Near Public Transit
  • Lot Size Sq Ft: 2912.00
  • Price Per Lot Square Foot: 195.74
  • Lot Size Acres: 0.0670

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2912.0000 Square Feet
  • Number Of Units In Community: 507
  • Number Of Units Total: 507

Tax Info

  • Tax Lot: 211
  • Tax Tract Number: 8261

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Feb 18, 2016
Sold by
Quon Lawrence
Bought by
Quon Jayne Hua
Seller's Agent
Barry Marks
Berkshire Hathaway HomeService
Buyer's Agent
Alisha Chen
Cornerstone Group
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%
Current Estimated Value
$1,209,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$639,915
Avg. Annual Appreciation
8.10%
Original Mortgage
$160,000
Outstanding Balance
$127,425
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,082,490

Purchase Details

Listed on
Jan 4, 2016
Closed on
Jan 26, 2016
Sold by
Johnson Jeanne Ragus
Bought by
Lai Renee Nicole and Quon Jayne Hua
Seller's Agent
Barry Marks
Berkshire Hathaway HomeService
Buyer's Agent
Alisha Chen
Cornerstone Group
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$127,425
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,082,490

Purchase Details

Closed on
Oct 10, 2003
Sold by
Gersten Robert L and Gersten Barbara
Bought by
Kermek John

Purchase Details

Closed on
Oct 27, 2002
Sold by
Gersten Robert L
Bought by
Gersten Robert L and Gersten Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
5.99%

Purchase Details

Closed on
May 3, 2001
Sold by
Kyle Patricia Elizabeth
Bought by
Gersten Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,650
Interest Rate
7.15%

Purchase Details

Closed on
Mar 4, 1999
Sold by
Cherry Mark A and Cherry Connie K
Bought by
Cherry Mark A and Cherry Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,920
Interest Rate
6.91%

Purchase Details

Closed on
Oct 2, 1996
Sold by
Cherry Mark A and Cherry Connie K
Bought by
Cherry Mark and Cherry Connie
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
Quon Jayne Hua -- Fidelity National Title
Lai Renee Nicole -- Fidelity National Title
Lai Renee Nicole $570,000 Fidelity National Title
Kermek John $399,000 Ticor Title
Gersten Robert L -- Southland Title Corporation
Gersten Robert L $265,000 North American Title Co
Cherry Mark A -- Orange Coast Title
Kyle Patricia Elizabeth $190,000 Orange Coast Title
Cherry Mark -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lai Renee Nicole $160,000
Previous Owner Gersten Robert L $283,000
Previous Owner Gersten Robert L $251,650
Previous Owner Kyle Patricia Elizabeth $151,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2016 02/26/16 Sold $570,000 -0.9% $473 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $575,000 -- $478 / 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 $6,964 $674,760 $578,353 $96,407
2024 $6,964 $661,530 $567,013 $94,517
2023 $6,785 $648,559 $555,895 $92,664
2022 $6,664 $635,843 $544,995 $90,848
2021 $6,515 $623,376 $534,309 $89,067
2020 $6,478 $616,985 $528,831 $88,154
2019 $6,335 $604,888 $518,462 $86,426
2018 $6,223 $593,028 $508,296 $84,732
2017 $6,095 $581,400 $498,329 $83,071
2016 $5,144 $502,433 $416,038 $86,395
2015 $5,067 $472,013 $386,109 $85,904
2014 $4,743 $462,767 $378,545 $84,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16001314

California Regional Multiple Listing Service (CRMLS)

APN: 453-162-27