NOT LISTED FOR SALE

Estimated Value: $938,000 - $1,229,000

2 Beds
2 Baths
1,402 Sq Ft
2006 Built

Last Sold November 08, 2018

Last sale price $590,000 $421 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,214/month

Highlights

  • Community Pool
  • 2 Car Attached Garage
  • Laundry Room
  • Westpark Elementary School Rated A
  • Park
  • Central Air

About This Home

As of June 2024

This home is located at 701 Silk Tree, Irvine, CA 92606 since 27 May 2024 and is currently priced at $1,058,303. This property was built in 2006. 701 Silk Tree is a home located in Orange County with nearby schools including Westpark Elementary School, Culverdale Elementary School, and Lakeside Middle School.

Last Agent to Rent the Property

Qingyan Li

Pinnacle Real Estate Group Brokerage Phone: 949-308-5136 License #02173214 Listed on: 05/27/2024

Pinnacle Real Estate Group

Last Renter's Agent

Qingyan Li

Pinnacle Real Estate Group Brokerage Phone: 949-308-5136 License #02173214 Listed on: 05/27/2024

Pinnacle Real Estate Group

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2006

Lot Details

  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,402 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • All Upper Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Air

Listing and Financial Details

  • Security Deposit $4,000
  • 12-Month Minimum Lease Term
  • Available 5/25/24
  • Tax Lot 6
  • Tax Tract Number 16666
  • Assessor Parcel Number 93382327

Community Details

Overview

  • Property has a Home Owners Association
  • 180 Units
  • Savannah Subdivision

Recreation

  • Community Pool
  • Park
  • Dog Park
  • Bike Trail

Condo Details

Home Type

Condominium

Year Built

Built in 2006

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-05-25
  • Credit Check Paid By: Tenant
  • Deposit Security: 4000
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • Subdivision Name Other: Savannah (SAVA)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93382327
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1402.00 Square Feet
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2.57
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Park

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Latitude Manual: 33.69174300

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Number Of Units In Community: 180
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 525.30
  • Tax Lot: 6
  • Tax Tract Number: 16666

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Oct 11, 2018
Sold by
Snider Scott D and Donegan Ryan
Bought by
Tang Shuiquan and Xu Liqin
Seller's Agent
Edward Eyerman
Trusted Realty Group
Buyer's Agent
Yanli Qu
REALTY ONE GROUP WEST
List Price
$588,000
Sold Price
$590,000
Premium/Discount to List
$2,000
0.34%
Current Estimated Value
$1,058,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,303
Avg. Annual Appreciation
8.44%
Original Mortgage
$501,500
Outstanding Balance
$439,190
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$619,114

Purchase Details

Listed on
Aug 12, 2015
Closed on
Aug 19, 2015
Sold by
Penson Stephen Douglas and Penson Julie Anne
Bought by
Snider Scott D and Donegan Ryan
Seller's Agent
shari moretti
O'Donnell Real Estate
Buyer's Agent
Edward Eyerman
Trusted Realty Group
List Price
$474,500
Sold Price
$486,000
Premium/Discount to List
$11,500
2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$388,800
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 17, 2012
Closed on
Nov 29, 2012
Sold by
2855 Properties Llc
Bought by
Penson Stephen Douglas and Penson Julie Anne
Seller's Agent
Blake Nicolai
Re/Max R. E. Specialists
Buyer's Agent
shari moretti
O'Donnell Real Estate
List Price
$439,900
Sold Price
$420,000
Premium/Discount to List
-$19,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$378,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2012
Sold by
Krogstad Kevin Dayton
Bought by
2855 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2007
Sold by
Lennar Homes Of California Inc
Bought by
Krogstad Kevin Dayton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,700
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2024 06/14/24 Rented $3,600 0.0% --
05/27/2024 05/27/24 For Rent $3,600 -99.4% --
05/26/2024 05/26/24 Under Contract -- -- --
11/08/2018 11/08/18 Sold $590,000 +0.3% $421 / Sq Ft View Prior Sale
10/07/2018 10/07/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $588,000 +21.0% $419 / Sq Ft
09/18/2015 09/18/15 Sold $486,000 +2.4% $402 / Sq Ft View Prior Sale
08/21/2015 08/21/15 Pending -- -- --
08/12/2015 08/12/15 For Sale $474,500 +13.0% $392 / Sq Ft
12/27/2012 12/27/12 Sold $420,000 -1.2% $347 / Sq Ft View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
11/20/2012 11/20/12 Price Changed $425,000 -3.4% $352 / Sq Ft
10/17/2012 10/17/12 For Sale $439,900 -- $364 / 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 $8,814 $658,152 $422,288 $235,864
2024 $8,814 $645,248 $414,008 $231,240
2023 $8,631 $632,597 $405,891 $226,706
2022 $8,506 $620,194 $397,933 $222,261
2021 $8,339 $608,034 $390,131 $217,903
2020 $8,308 $601,800 $386,131 $215,669
2019 $8,182 $590,000 $378,559 $211,441
2018 $7,314 $505,634 $299,444 $206,190
2017 $7,171 $495,720 $293,572 $202,148
2016 $6,934 $486,000 $287,815 $198,185
2015 $6,227 $430,335 $243,541 $186,794
2014 $6,152 $421,906 $238,771 $183,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24106929

California Regional Multiple Listing Service (CRMLS)

APN: 933-823-27