NOT LISTED FOR SALE

5748 Playa Way Cypress, CA 90630

Estimated Value: $683,000 - $721,888

2 Beds
2 Baths
929 Sq Ft
$380/mo HOA Fee

Last Sold December 30, 2022

Last sale price $660,000 $710 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,806/month

34 Days on Market

Highlights

  • Filtered Pool
  • Gated Community
  • Contemporary Architecture
  • Juliet Morris Elementary School Rated A
  • Updated Kitchen
  • Property is near a park

About This Home

As of December 2022

Location, Location, Location! Single-story end unit with nobody above or below. You have arrived at the gated community of Cypress Monterey, a wonderful development with 8 pools, 8 spas, and lighted tennis courts. Remodeled in the most current style with recessed lighting brighten the homes appearance. High-end laminate flooring is accented by the neutral color palette that this turn-key home is ready for your personality. The all-new kitchen features attractive shaker cabinetry with quartz countertops, stainless-steel sink with new disposal and fixtures including brand new appliances. Master bedroom with private has a walk-in closet and a private bath. Both bathrooms continue with the quartz highlighting the new vanities. Handsome tile design in the tub and shower adds to the exquisite style. Located in one of the most desirable areas of West Orange County, this home is amongst top-rated Cypress Schools, in addition to Oxford Academy(with testing and entrance requirements), Cypress High School(rated 9 on the GreatSchools site) Morris Elementary(8 rating), and even the option to go year round at Landell Elementary(also a 10 rating, subject to available space). This townhouse also includes central heating and air-conditioning, dual-pane windows, two-car garage, with laundry appliances, and a private patio. Conveniently located to schools, shopping, parks, and transportation.

Last Agent to Sell the Property

Dave Pedneault

First Team Real Estate License #01031974 Listed on: 11/04/2022

First Team Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,794

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • End Unit
  • 1 Common Wall
  • South Facing Home
  • Fenced
  • Stucco Fence
  • Fence is in excellent condition
  • Landscaped

HOA Fees

  • $380 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Common Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 929 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Window Screens
  • Sliding Doors
  • Combination Dining and Living Room
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Free-Standing Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower
  • Low Flow Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

Pool

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

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Schools

  • Morris Elementary School
  • Lexington/Oxford Middle School
  • Cypress/Oxford High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 8303
  • Assessor Parcel Number 93345078

Community Details

Overview

  • Front Yard Maintenance
  • 187 Units
  • Cypress Monterey Showcase Villas Association, Phone Number (949) 450-0220
  • Action Property Management HOA
  • Cypress Monterey Subdivision
  • Greenbelt

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Controlled Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,794

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$380 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Cypress Monterey (CYPM)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93345078
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 929.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Quartz Counters, Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall, End Unit
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Nook, Dining Room, In Kitchen, In Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 710.44
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Walk-In Closet
  • Spa Features: Association, Gunite, Heated, In Ground
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower, Shower In Tub, Exhaust Fan(s), Quartz Counters, Remodeled
  • Room Kitchen Features: Built-In Trash/Recycling, Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Excellent Condition, Stucco Wall
  • Patio And Porch Features: Concrete, Enclosed, Patio Open
  • Pool Features: Association, Fenced, Filtered, Gunite, In Ground
  • Pool Private: No
  • Roof: Common Roof, Flat
  • Spa: Yes
  • Construction Materials: Drywall Walls, Glass, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Private, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Free-Standing Range, Disposal, Gas Water Heater, Microwave, Water Line to Refrigerator
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, Electricity - On Property, Standard
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Tennis Court(s), Trash, Pet Rules, Pets Permitted, Controlled Access, Maintenance Front Yard
  • Association Fee: 380.00
  • Association Fee Frequency: Monthly
  • Association Name: Cypress Monterey Showcase Villas
  • Phone: 949-450-0220
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Park, Sidewalks, Street Lights, Suburban
  • Association Management: Action Property Management

Schools

  • School District: Anaheim Union High
  • Elementary School: Morris
  • Middle School: Lexington/Oxford
  • High School: Cypress/Oxford
  • Elementary School: Morris
  • High School: Cypress/Oxford
  • Middle Or Junior School: Lexington/Oxford
  • Elementary School #2: MORRIS2
  • High School2: CYPOXF

Lot Info

  • Land Lease: No
  • Lot Features: Greenbelt, Landscaped, Near Public Transit, Park Nearby
  • Latitude Manual: 33.81830100

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 187
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 8303

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 22, 2022
Sold by
Colosimo Trust
Bought by
Char Virat and Char Aissa
Seller's Agent
Dave Pedneault
First Team Real Estate
List Price
$679,000
Sold Price
$660,000
Premium/Discount to List
-$19,000
-2.8%
Views
82
Current Estimated Value
$708,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,472
Avg. Annual Appreciation
1.33%
Original Mortgage
$330,000
Outstanding Balance
$321,525
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$362,054

Purchase Details

Closed on
Dec 9, 2006
Sold by
Colosimo Ronald A
Bought by
Colosimo Ronald A and Colosimo Steven M

Purchase Details

Closed on
Mar 3, 2006
Sold by
Colosimo Ron A
Bought by
Colosimo Ronald A and The Colosimo Trust

Purchase Details

Closed on
Sep 7, 1994
Sold by
Weerheim Everett and Weerheim Harriet Phyllis
Bought by
Colosimo Ron A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8.54%
Mortgage Type
Seller Take Back
Source: Public Records

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 Buyer Sale Price Title Company
Char Virat $660,000 Ticor Title
Colosimo Ronald A -- None Available
Colosimo Ronald A -- None Available
Colosimo Ron A $155,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Char Virat $330,000
Previous Owner Colosimo Ron A $59,000
Previous Owner Colosimo Ron A $21,000
Previous Owner Colosimo Ron A $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $660,000 -1.3% $710 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
12/01/2022 12/01/22 Price Changed $669,000 -1.5% $720 / Sq Ft
11/04/2022 11/04/22 For Sale $679,000 -- $731 / 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 $6,794 $608,981 $531,230 $77,751
2024 $6,794 $597,041 $520,814 $76,227
2023 $6,638 $585,335 $510,602 $74,733
2022 $2,969 $245,326 $145,433 $99,893
2021 $2,929 $240,516 $142,581 $97,935
2020 $2,915 $238,050 $141,119 $96,931
2019 $2,837 $233,383 $138,352 $95,031
2018 $2,798 $228,807 $135,639 $93,168
2017 $2,705 $224,321 $132,979 $91,342
2016 $2,681 $219,923 $130,372 $89,551
2015 $2,659 $216,620 $128,414 $88,206
2014 $2,523 $212,377 $125,898 $86,479
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22232751

California Regional Multiple Listing Service (CRMLS)

APN: 933-450-78