NOT LISTED FOR SALE

Estimated Value: $1,157,661 - $1,283,000

2 Beds
2 Baths
1,224 Sq Ft
$981/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $625,000 $511 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $7,158/month

9 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Property is near a park
  • University Park Elementary Rated A
  • Clubhouse
  • Cathedral Ceiling

About This Home

As of November 2016

Completely Remodeled Single Story home is well situated in the quiet Terrace Community of University Park. This gorgeous home is meticulously remodeled throughout the house with new wood/granite floors, double pane windows, custom blinds, and new brick walls. As you enter the home through private courtyard, you will see one of the best 2 bedroom floor plans in Irvine. Sophisticated granite floors in the entryway flow into the light and airy living room with high vaulted ceiling, fireplace, and mini bar with mirrored backsplash. The sliding doors from living room open to the cozy back patio, which is beautifully landscaped with rustic red brick pavers and new Kitchen Aid built-in BBQ grill for your family to entertain and relax. Upgraded gourmet kitchen boasts granite countertops, travertine backsplash, GE Stainless Steel appliances, induction cooktop, and stylish cherry oak cabinetry. Master bedroom feels bright and comfortable with a big window with custom blackout roller shade and a ceiling fan. Master bathroom is fully upgraded with granite dual vanity and travertine shower with tub. Built-in closet storages in all bedrooms. This community offers tranquil walkways and tree-lined greenbelts in addition to 2 pools, parks, BBQ area, clubhouse and 2 tot lots. Conveniently Located close to UCI, Awards winning University High school, shopping, restaurants, golf course, and easy access freeways. Seeing is believing with this great value home and location!!!

Last Agent to Sell the Property

Jay Jung

Coldwell Banker Platinum Prop. License #01871184 Listed on: 10/05/2016

Coldwell Banker Platinum Prop.

Last Buyer's Agent

Raymond Wang

Keller Williams Realty Irvine License #01726696

Keller Williams Realty Irvine

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,367

Year Built

  • Built in 1974

Lot Details

  • 3,183 Sq Ft Lot
  • Property fronts a private road
  • Brick Fence
  • Fence is in excellent condition
  • Front Yard Sprinklers

HOA Fees

  • $200 Monthly HOA Fees

Parking

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

Home Design

  • Turnkey
  • Composition Roof
  • Stone Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Roller Shields
  • Blinds
  • Garden Windows
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Park or Greenbelt Views
  • Termite Clearance

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Cooktop
  • Indoor Grill
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Spa
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near a park
  • Urban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 236
  • Tax Tract Number 8002
  • Assessor Parcel Number 45317474

Community Details

Overview

  • The Terrace Association, Phone Number (949) 786-1221

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,367

Year Built

Built in 1974

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: Sarah
  • Other Phone Number: 7146209904
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name Other: Terrace (TR)
  • View: Yes
  • Property Condition: Termite Clearance, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45317474
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1224.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Nook
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 510.62
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom
  • Spa Features: Association
  • Window Features: Blinds, Double Pane Windows, Garden Window(s), Roller Shields

Exterior Features

  • Patio: Yes
  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Brick, Excellent Condition
  • Patio And Porch Features: Brick, Enclosed, Patio, Front Porch
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stone

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Electric Cooktop, Free-Standing Range, Disposal, Indoor Grill, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Playground, Clubhouse, Dues Paid Monthly
  • Association Fee: 200.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terrace
  • Phone: 9497861221
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Schools

  • School District: Irvine Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Sprinklers In Front
  • Lot Size Sq Ft: 3183.00

Tax Info

  • Tax Lot: 236
  • Tax Tract Number: 8002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2020
Sold by
Zeng Wenqi and Zhou Hongyu
Bought by
Zeng Wenqi and Zhou Hongyu
Current Estimated Value
$1,200,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$235,493
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$964,672

Purchase Details

Listed on
Oct 5, 2016
Closed on
Oct 31, 2016
Sold by
Jun Hyun Duck and Jun Suk Hee
Bought by
Zeng Wenqi and Zhou Hongyu
Seller's Agent
Jay Jung
Coldwell Banker Platinum Prop.
Buyer's Agent
Raymond Wang
Keller Williams Realty Irvine
List Price
$619,000
Sold Price
$625,000
Premium/Discount to List
$6,000
0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$417,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2007
Sold by
Williams Ingrid Skulstad
Bought by
Jun Hyun Duck and Jun Suk Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2005
Sold by
Williams Ingrid Skulstad
Bought by
Williams Ingrid Skulstad and Ingrid Skulstad Williams Revocable Trust

Purchase Details

Closed on
Oct 3, 1996
Sold by
David Glabman Brian
Bought by
Williams Ingrid S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
8.3%

Purchase Details

Closed on
Sep 18, 1996
Sold by
Glabman Marla I
Bought by
Glabman Brian David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
8.3%
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
Zeng Wenqi -- Provident Title Company
Zeng Wenqi $625,000 Lawyers Title
Jun Hyun Duck $520,000 Lawyers Title
Williams Ingrid Skulstad -- None Available
Williams Ingrid S $186,000 Fidelity National Title Ins
Glabman Brian David -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeng Wenqi $330,000
Closed Zeng Wenqi $417,000
Previous Owner Jun Hyun Duck $416,000
Previous Owner Williams Ingrid S $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $625,000 +1.0% $511 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $619,000 -- $506 / 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 $7,367 $721,644 $621,555 $100,089
2024 $7,367 $707,495 $609,368 $98,127
2023 $7,176 $693,623 $597,420 $96,203
2022 $7,046 $680,023 $585,706 $94,317
2021 $6,888 $666,690 $574,222 $92,468
2020 $6,883 $663,255 $571,263 $91,992
2019 $6,730 $650,250 $560,061 $90,189
2018 $6,610 $637,500 $549,079 $88,421
2017 $6,472 $625,000 $538,312 $86,688
2016 $5,892 $576,979 $465,237 $111,742
2015 $5,403 $528,383 $427,674 $100,709
2014 $5,401 $528,383 $427,674 $100,709
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16716604

California Regional Multiple Listing Service (CRMLS)

APN: 453-174-74