NOT LISTED FOR SALE

Estimated Value: $1,140,000 - $1,290,000

2 Beds
2 Baths
1,224 Sq Ft
$971/Sq Ft Est. Value

Last Sold January 05, 2021

Last sale price $712,500 $582 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,171/month

6 Days on Market

Highlights

  • Heated In Ground Pool
  • View of Trees or Woods
  • Open Floorplan
  • University Park Elementary Rated A
  • Updated Kitchen
  • Cathedral Ceiling

About This Home

As of January 2021

Welcome Home to your modern, fully upgraded 2 bedroom plus loft home. This home is located in a very desirable neighborhood and features rich engineered hardwood flooring, cathedral ceilings and a light and bright, open floor plan. The spacious kitchen is well equipped with butcher block countertops, designer tile backsplash, and stainless steel appliances. The spacious Great Room flows from the kitchen and features soaring ceilings, hardwood flooring, and a cozy fireplace with access to the large private patio. Both bedrooms and bathrooms are located on the main floor with loft access via a spiral staircase. Washer and dryer in the garage along with a second refrigerator are also included in sale. This home is conveniently located within walking distance to nearby shopping centers and top rated schools.

Last Agent to Sell the Property

Gabrielle Lopez

HCM Real Estate License #01728648 Listed on: 11/21/2020

Last Buyer's Agent

Anne Kwak

Realty One Group West License #01940412

Realty One Group West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,877

Year Built

  • Built in 1975

Lot Details

  • 3,859 Sq Ft Lot
  • Front Yard Sprinklers
  • Back Yard

HOA Fees

  • $229 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • Woods
  • Neighborhood

Home Design

  • Patio Home
  • Turnkey
  • Planned Development
  • Tile Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Electric Oven
  • Electric Cooktop
  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan

Listing and Financial Details

  • Tax Lot 244
  • Tax Tract Number 8002
  • Assessor Parcel Number 45317482

Community Details

Overview

  • The Terrace Community Association, Phone Number (949) 716-1221
  • Powerstone Professional Property Management HOA
  • Terrace Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,877

Year Built

Built in 1975

Lot Details

0

HOA Fees

$229 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 949 338 1727
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Subdivision Name Other: Terrace (TR)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45317482
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1224.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Partial, Open Floorplan, Pantry, Recessed Lighting, Unfurnished, Wired for Data, Wired for Sound
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 582.11
  • Room Type: All Bedrooms Down, Loft, Walk-In Closet
  • Spa Features: Community, Heated, In Ground
  • Bathroom Features: Shower, Shower In Tub, Double Sinks In Master Bath, Linen Closet/Storage, Stone Counters
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • View: Neighborhood, Trees/Woods
  • Patio And Porch Features: Patio
  • Pool Features: Community, Heated, In Ground
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Free-Standing Range, Disposal, Range Hood, Refrigerator, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Garage, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 229.00
  • Association Fee Frequency: Monthly
  • Association Name: The Terrace Community
  • Phone: 949-716-1221
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Hiking, Gutters, Park, Sidewalks
  • Association Management: Powerstone Professional Property Management

Schools

  • School District: Irvine Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Patio Home, Sprinklers In Front
  • Lot Size Sq Ft: 3859.00
  • Lot Size Acres: 0.0886

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3859.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.12
  • Tax Lot: 244
  • Tax Tract Number: 8002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2020
Closed on
Dec 4, 2020
Sold by
Choo Sue Y
Bought by
Cho Hye Ryeon
Seller's Agent
Gabrielle Lopez
HCM Real Estate
Buyer's Agent
Anne Kwak
Realty One Group West
List Price
$695,000
Sold Price
$712,500
Premium/Discount to List
$17,500
2.52%
Current Estimated Value
$1,189,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,614
Avg. Annual Appreciation
11.29%
Original Mortgage
$567,200
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2016
Closed on
May 19, 2016
Sold by
Mccowin Colleen G
Bought by
Choo Sue Y
Seller's Agent
Tony Coil
Alta Realty Group CA, Inc
Buyer's Agent
Stephen Polito
Redfin
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%
Original Mortgage
$330,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 2, 2009
Sold by
Serrano Robert and Serrano Laura E
Bought by
Mccowin Colleen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2006
Sold by
Meyer Frieda M
Bought by
Serrano Robert and Serrano Laura E

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
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Cho Hye Ryeon $712,500 Wfg National Title
Choo Sue Y $580,000 Chicago Title Company
Mccowin Colleen G $450,000 Equity Title Company
Serrano Robert $525,000 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cho Hye Ryeon $567,200
Previous Owner Choo Sue Y $330,000
Previous Owner Mccowin Colleen G $350,000
Previous Owner Serrano Robert $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2021 01/05/21 Sold $712,500 +2.5% $582 / Sq Ft
11/27/2020 11/27/20 Pending -- -- --
11/21/2020 11/21/20 For Sale $695,000 +19.8% $568 / Sq Ft
07/18/2016 07/18/16 Sold $580,000 -0.8% $474 / Sq Ft View Prior Sale
05/12/2016 05/12/16 Pending -- -- --
04/14/2016 04/14/16 Price Changed $584,900 -2.5% $478 / Sq Ft
04/09/2016 04/09/16 For Sale $599,900 0.0% $490 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
04/02/2016 04/02/16 For Sale $599,900 -- $490 / 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 $7,877 $771,232 $666,379 $104,853
2024 $7,877 $756,110 $653,312 $102,798
2023 $7,673 $741,285 $640,502 $100,783
2022 $7,534 $726,750 $627,943 $98,807
2021 $6,434 $621,876 $528,931 $92,945
2020 $6,397 $615,500 $523,508 $91,992
2019 $6,254 $603,432 $513,243 $90,189
2018 $6,141 $591,600 $503,179 $88,421
2017 $6,013 $580,000 $493,312 $86,688
2016 $4,949 $489,519 $390,544 $98,975
2015 $4,874 $482,166 $384,677 $97,489
2014 $4,778 $472,722 $377,142 $95,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20244420

California Regional Multiple Listing Service (CRMLS)

APN: 453-174-82