NOT LISTED FOR SALE

8948 Palika Place Unit 16 Garden Grove, CA 92841

Estimated Value: $534,000 - $675,000

2 Beds
2 Baths
851 Sq Ft
$345/mo HOA Fee

Last Sold May 28, 2021

Last sale price $425,000 $499 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,880/month

2 Days on Market

Highlights

  • Spa
  • Gated Community
  • Terrace
  • Stanford Elementary School Rated A
  • Open Floorplan
  • Open to Family Room

About This Home

As of May 2021

Adorable 2 bedrooms 2 bath condo located in the gated community of Garden Grove for sale. This upper unit includes two spacious balconies with sliding doors, walk in closets, in house washer and dryer, an energy efficient AC condenser unit, a new dishwasher, fully automated smart home device installed. The property also includes 2 car detached garage. Villa Nova Manor Condo complex offers a pool, spa, paid water and trash from HOA and conveniently located near Freeways, shopping, restaurants, award winning schools and much more!!

Last Agent to Sell the Property

Duk Hee Kang

Duk Hee Kang, Broker License #01980843 Listed on: 04/23/2021

Last Buyer's Agent

Dharminder Dhunna

Enstone Investments Inc License #02037972

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,725

Year Built

  • Built in 1987

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Turnkey

Interior Spaces

  • 851 Sq Ft Home
  • Open Floorplan
  • Wired For Data
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room Balcony

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Spa
  • Enclosed Patio or Porch
  • Terrace

Schools

  • Stanford Elementary School
  • Alamitos Middle School

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • ENERGY STAR Qualified Equipment
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 12744
  • Assessor Parcel Number 93331052

Community Details

Overview

  • 25 Units
  • Villa Nova Manor Association, Phone Number (714) 891-8804

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,725

Year Built

Built in 1987

Lot Details

0

HOA Fees

$345 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 714-822-7799
  • Property Attached: Yes
  • Security: Gated Community
  • View: No
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93331052
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 851.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Living Room Balcony, Open Floorplan, Recessed Lighting, Tile Counters, Wired for Data
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 499.41
  • Room Type: Walk-In Closet
  • Spa Features: Community
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Enclosed, Terrace
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range
  • Heating Type: Central
  • Laundry Features: Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 345.00
  • Association Fee Frequency: Monthly
  • Association Name: Villa Nova Manor
  • Phone: 714-891-8804
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Urban
  • Association Management: Villa Nova Manor

Schools

  • School District: Garden Grove Unified
  • Elementary School: Stanford
  • Middle School: Alamitos
  • Elementary School: Stanford
  • Middle Or Junior School: Alamitos
  • Elementary School #2: STANFO

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 25
  • Number Of Units Total: 25

Tax Info

  • Tax Census Tract: 881.07
  • Tax Lot: 1
  • Tax Tract Number: 12744

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
May 21, 2021
Sold by
Paulson Brandon Jeffrey
Bought by
Tran Huu Dat and Tran Minh Hein
Seller's Agent
Duk Hee Kang
Duk Hee Kang, Broker
Buyer's Agent
Dharminder Dhunna
Enstone Investments Inc
List Price
$395,000
Sold Price
$425,000
Premium/Discount to List
$30,000
7.59%
Current Estimated Value
$579,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,059
Avg. Annual Appreciation
6.78%
Original Mortgage
$290,000
Outstanding Balance
$262,967
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$301,176

Purchase Details

Closed on
Mar 8, 2021
Sold by
Paulson Jung Ok
Bought by
Paulson Brandon Jeffrey

Purchase Details

Listed on
Aug 10, 2020
Closed on
Aug 27, 2020
Sold by
Carlson Stephen
Bought by
Paulson Jung Ok
Seller's Agent
Karyn Sontag
Keller Williams Realty
Buyer's Agent
Karyn Sontag
Keller Williams Realty
List Price
$357,000
Sold Price
$362,600
Premium/Discount to List
$5,600
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%

Purchase Details

Closed on
Mar 28, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Carlson Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2010
Sold by
Andersen Daniel R
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 30, 2004
Sold by
Lesman Erwin
Bought by
Andersen Daniel R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2002
Sold by
Ramirez Maria Delcarmen
Bought by
Ramirez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
8.87%

Purchase Details

Closed on
Jan 31, 2002
Sold by
Ramirez Jorge and Ramirez Julio
Bought by
Lesman Erwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
8.87%

Purchase Details

Closed on
Aug 19, 1997
Sold by
Ramirez Maria
Bought by
Ramirez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,100
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 23, 1997
Sold by
Schwab Ardath
Bought by
Ramirez Jorge and Ramirez Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,100
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 1997
Sold by
Ahmed Anis and Ahmed Attiya
Bought by
Schwab Ardath and Schwab Family Trust
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Tran Huu Dat $425,000 Ticor Title Oc
Paulson Brandon Jeffrey -- None Available
Paulson Jung Ok $363,000 Lawyers Title
Carlson Stephen $213,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation $227,000 Accommodation
Andersen Daniel R $275,000 Chicago Title
Ramirez Jorge -- Orange Coast Title
Ramirez Julio -- Orange Coast Title
Lesman Erwin $157,000 Orange Coast Title
Ramirez Jorge -- Chicago Title Co
Ramirez Jorge $86,000 Chicago Title Co
Schwab Ardath $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tran Huu Dat $290,000
Previous Owner Carlson Stephen $239,000
Previous Owner Carlson Stephen $40,000
Previous Owner Carlson Stephen $167,948
Previous Owner Carlson Stephen $6,388
Previous Owner Andersen Daniel R $259,250
Previous Owner Andersen Daniel R $230,000
Previous Owner Lesman Erwin $30,000
Previous Owner Lesman Erwin $151,000
Previous Owner Lesman Erwin $141,300
Previous Owner Ramirez Jorge $84,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $425,000 +7.6% $499 / Sq Ft
05/03/2021 05/03/21 For Sale $395,000 0.0% $464 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $395,000 -7.1% $464 / Sq Ft
04/25/2021 04/25/21 Off Market $425,000 -- --
04/23/2021 04/23/21 For Sale $395,000 +8.9% $464 / Sq Ft
09/04/2020 09/04/20 Sold $362,600 +1.6% $426 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $357,000 -- $420 / 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 $5,725 $460,033 $358,487 $101,546
2024 $5,725 $451,013 $351,458 $99,555
2023 $5,619 $442,170 $344,567 $97,603
2022 $5,500 $433,500 $337,810 $95,690
2021 $4,693 $362,000 $269,825 $92,175
2020 $3,341 $249,459 $151,511 $97,948
2019 $3,281 $244,568 $148,540 $96,028
2018 $3,217 $239,773 $145,627 $94,146
2017 $3,173 $235,072 $142,772 $92,300
2016 $3,022 $230,463 $139,972 $90,491
2015 $2,980 $227,002 $137,870 $89,132
2014 $2,910 $222,556 $135,169 $87,387
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21083784

California Regional Multiple Listing Service (CRMLS)

APN: 933-310-52