NOT LISTED FOR SALE

Estimated Value: $1,085,000 - $1,191,000

3 Beds
2.5 Baths
1,804 Sq Ft
$444/mo HOA Fee

Last Sold August 17, 2021

Last sale price $715,000 $396 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,174/month

36 Days on Market

Highlights

  • Spa
  • Fireplace in Primary Bedroom
  • Stone Countertops
  • Paularino Elementary School Rated A-
  • Contemporary Architecture
  • 4-minute walk to Paularino Park

About This Home

As of August 2021

Light and Airy through, this 2 stories home with 3 balcony each of bedroom, master suite with high ceiling , large walking in closet and mirrored wardrobes, due vanities, sunken tub, skylight. The home is tucked away in a quiet private interior location of Summerset Citihome Community. Short distant to South Costa Plaza, shopping, Superstorm Arts Center, Orange County Performing Arts Center and short drive to State Park Beaches..
https://youtu.be/Zz-6Fsk2xvM

Last Agent to Sell the Property

Kim King

Pinnacle Real Estate Group License #01330313 Listed on: 06/11/2021

Pinnacle Real Estate Group

Last Buyer's Agent

Bob Braun

Coldwell Banker Realty License #01095290

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1979

Lot Details

  • Two or More Common Walls
  • Back Yard

HOA Fees

  • $444 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1,804 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Convection Oven
  • Gas and Electric Range
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Spa
  • Balcony

Additional Features

  • Doors swing in
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 66
  • Tax Tract Number 10445
  • Assessor Parcel Number 41808311

Community Details

Overview

  • 104 Units
  • Sommerset Citihomes Association, Phone Number (949) 966-8080
  • La Perla Property Management HOA

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1979

Lot Details

0

HOA Fees

$444 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: south coast metro
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 41808311
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1804.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 396.34
  • Room Type: All Bedrooms Up
  • Spa Features: Community
  • Bathroom Features: Bathtub, Shower In Tub
  • Room Kitchen Features: Kitchen Island, Stone Counters

Exterior Features

  • Foundation: Slab
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Gas & Electric Range, Range Hood
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 444.00
  • Association Fee Frequency: Monthly
  • Association Name: sommerset Citihomes
  • Phone: 94996680800
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs
  • Association Management: La Perla Property Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 1780.00
  • Lot Size Acres: 0.0409

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1780.0000 Square Feet
  • Number Of Units In Community: 104
  • Number Of Units Total: 104

Tax Info

  • Tax Census Tract: 639.03
  • Tax Lot: 66
  • Tax Tract Number: 10445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jul 21, 2021
Sold by
Okolo Ladunni and Okolo Chukwuka
Bought by
Gregory Michael and Gregory Donna
Seller's Agent
Kim King
Pinnacle Real Estate Group
Buyer's Agent
Bob Braun
Coldwell Banker Realty
List Price
$700,000
Sold Price
$715,000
Premium/Discount to List
$15,000
2.14%
Current Estimated Value
$1,143,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,882
Avg. Annual Appreciation
11.41%
Original Mortgage
$607,750
Outstanding Balance
$547,839
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$596,043

Purchase Details

Closed on
Sep 23, 2020
Sold by
Okolo Ladunni and Ososami Oladunni
Bought by
Okolo Ladunni and Okolo Chukwuka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2013
Sold by
Gbodi Olusola and Ososami Oladunni
Bought by
Ososami Oladunni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,500
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2010
Sold by
Fones Monty and Fones Nancy
Bought by
Gbodi Olusola and Ososami Oladunni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,500
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2000
Sold by
Hing Hung
Bought by
Fones Monty and Fones Nancy

Purchase Details

Closed on
Oct 16, 1998
Sold by
Hing Hung
Bought by
Hung Hing Tsun and Hing Tsun Hung Trust

Purchase Details

Closed on
Oct 3, 1994
Sold by
Western Financial Svgs Bank
Bought by
Hung Hing Tsun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
5.75%
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

Purchase History

Date Buyer Sale Price Title Company
Gregory Michael $715,000 Stewart Title
Okolo Ladunni -- Title365
Ososami Oladunni -- Lsi
Gbodi Olusola $410,000 Stewart Title
Fones Monty $256,000 Orange Coast Title
Hung Hing Tsun -- --
Hung Hing Tsun $178,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregory Michael $607,750
Previous Owner Okolo Ladunni $300,500
Previous Owner Ososami Oladunni $374,500
Previous Owner Gbodi Olusola $389,500
Previous Owner Hung Hing Tsun $142,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2021 08/17/21 Sold $715,000 +2.1% $396 / Sq Ft
07/18/2021 07/18/21 For Sale $700,000 -2.1% $388 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
07/16/2021 07/16/21 Off Market $715,000 -- --
07/01/2021 07/01/21 For Sale $700,000 -2.1% $388 / Sq Ft
06/20/2021 06/20/21 Off Market $715,000 -- --
06/11/2021 06/11/21 For Sale $700,000 0.0% $388 / Sq Ft
04/27/2014 04/27/14 Rented $2,450 0.0% --
04/27/2014 04/27/14 For Rent $2,450 +2.1% --
02/15/2013 02/15/13 Rented -- -- --
02/13/2013 02/13/13 Under Contract -- -- --
12/09/2012 12/09/12 For Rent $2,400 -- --
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 $8,838 $758,763 $588,770 $169,993
2024 $8,838 $743,886 $577,226 $166,660
2023 $8,563 $729,300 $565,907 $163,393
2022 $8,311 $715,000 $554,810 $160,190
2021 $5,818 $485,277 $318,903 $166,374
2020 $5,749 $480,302 $315,633 $164,669
2019 $5,626 $470,885 $309,444 $161,441
2018 $5,514 $461,652 $303,376 $158,276
2017 $5,423 $452,600 $297,427 $155,173
2016 $5,309 $443,726 $291,595 $152,131
2015 $5,259 $437,061 $287,215 $149,846
2014 $5,141 $428,500 $281,589 $146,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21126556

California Regional Multiple Listing Service (CRMLS)

APN: 418-083-11