NOT LISTED FOR SALE

7 Bormes Irvine, CA 92614

Westpark Neighborhood

Estimated Value: $1,708,000 - $1,918,000

4 Beds
3 Baths
2,068 Sq Ft
$881/Sq Ft Est. Value

About This Home

This home is located at 7 Bormes, Irvine, CA 92614 and is currently estimated at $1,821,940, approximately $881 per square foot. 7 Bormes is a home located in Orange County with nearby schools including Westpark Elementary School, Culverdale Elementary School, and South Lake Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 6, 2020
Sold by
Lam Larry Kit
Bought by
Lam Larry Kit and Lam Family Trust
Current Estimated Value
$1,774,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2017
Sold by
Lam Larry Kit
Bought by
Lam Larry Kit and Lam Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 24, 2011
Sold by
Lam Larry Kit
Bought by
Lam Larry Kit and Lam Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2005
Sold by
Lam Kit and Lam Catherine C
Bought by
Lam Larry Kit and Lam Catherine C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Lam Larry Kit -- Amrock Inc
Lam Larry Kit -- Amrock Inc
Lam Larry Kit -- None Available
Lam Larry Kit -- None Available
Lam Larry Kit -- Provident Title Company
Lam Larry Kit -- Provident Title Company
Lam Larry Kit -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lam Larry Kit $700,000
Closed Lam Larry Kit $598,000
Closed Lam Larry Kit $165,000
Closed Lam Larry Kit $417,000
Closed Lam Kit $100,000
Source: Public Records

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
2024 $5,320 $492,137 $278,600 $213,537
2023 $5,181 $482,488 $273,138 $209,350
2022 $5,079 $473,028 $267,782 $205,246
2021 $4,960 $463,753 $262,531 $201,222
2020 $4,931 $458,998 $259,839 $199,159
2019 $5,506 $449,999 $254,745 $195,254
2018 $5,418 $441,176 $249,750 $191,426
2017 $5,319 $432,526 $244,853 $187,673
2016 $5,117 $424,046 $240,052 $183,994
2015 $4,997 $417,677 $236,446 $181,231
2014 $4,982 $409,496 $231,815 $177,681
Source: Public Records

Map

California Orange County Irvine 92614 Westpark

7 Bormes, Irvine, CA

This home is located at 7 Bormes, Irvine, CA 92614 and is currently estimated at $1,821,940, approximately $881 per square foot. 7 Bormes is a home located in Orange County with nearby schools including Westpark Elementary School, Culverdale Elementary School, and South Lake Middle School.

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