NOT LISTED FOR SALE

940 W Rainbow Falls Way Orange, CA 92865

Estimated Value: $979,000 - $1,027,000

3 Beds
2.5 Baths
1,669 Sq Ft
$596/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $865,000 $518 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,525/month

15 Days on Market

Highlights

  • High Ceiling
  • Granite Countertops
  • Neighborhood Views
  • Fletcher Mandarin Language & Gate Academy Rated A-
  • Lawn
  • Community Pool

About This Home

As of August 2023

This 3-bedroom River Trail home (near the Santa Ana River Trail) features a carefully planned design, with an impressive entrance leading into a sizable first floor. With a new roof, automatic sprinkler system, and new windows, this house is a must see! The first thing you'll notice when you arrive is its reserved cul-de-sac location and large, deep driveway. From a private side path, you'll enter through an exquisitely painted blue door into a lovely living room, with striking high vaulted ceilings. The living room flows across into the quaint dining room area, which has great natural lighting due to its sliding double-door access to the back patio. The dining room leads into the upgraded kitchen, with beautiful granite counters, modern appliances, and up-to-date fixtures, as well as a cute nearby half bath. The kitchen conveniently leads to a cozy family room, which boasts a charming large stone fireplace, and a second set of sliding doors, giving access to an attractive back patio. From the family room, it’s easy to mosey on to the upstairs main bedroom, with its ensuite bathroom. Two other bedrooms and a second full bath complete the upstairs ensemble. The smaller bedroom can easily double as a home office. This well-loved, friendly, safe, and highly sought after community has a pool, jacuzzi, and beautifully maintained common green spaces, which are attractive for morning or evening walks. All of this at an exceptionally low HOA rate! As a bonus, it has proximity to Orange County’s favorite attractions, 3 major freeways, Santiago Canyon College, and Chapman University. It is in the much-desired Villa Park HS district and close to the highly rated Fletcher Mandarin Immersion Public School. Don’t miss this incredible opportunity to get so much living space in an excellent location, and the chance to make it your very own!

Last Agent to Sell the Property

Mac Morante

Keller Williams Realty License #01762808 Listed on: 07/19/2023

Keller Williams Realty

Last Buyer's Agent

Alicia Graham

Circa Properties, Inc. License #01903645

Circa Properties, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1983

Lot Details

  • 3,450 Sq Ft Lot
  • Lawn
  • Front Yard

HOA Fees

  • $137 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Parking Available

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,669 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Home Office
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Bathtub
  • Walk-in Shower

Schools

  • Fletcher Elementary School
  • Villa Park High School

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 10539
  • Assessor Parcel Number 37474204
  • $367 per year additional tax assessments

Community Details

Overview

  • River Trail Association, Phone Number (626) 967-7921
  • Lordon Management HOA
  • River Trail Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 1983

Lot Details

0

HOA Fees

$137 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: River Trail (RIVT)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 37474204
  • Year Built: 1983
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1669.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 518.27
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Office
  • Bathroom Features: Bathtub, Shower

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Patio
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 137.00
  • Association Fee Frequency: Monthly
  • Association Name: River trail
  • Phone: 6269677921
  • Senior Community: No
  • Community Features: Sidewalks
  • Association Management: Lordon Management

Schools

  • Elementary School: Fletcher
  • High School: Villa Park
  • Elementary School #2: FLETCH
  • High School2: VILPAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 3450.00
  • Lot Size Acres: 0.0792

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3450.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 762.04
  • Tax Lot: 35
  • Tax Tract Number: 10539
  • TaxOtherAnnualAssessmentAmount: 367.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2023
Closed on
Aug 8, 2023
Sold by
Debra R Loveall Revocable Trust and Loveall Debra R
Bought by
Wright Gregory J and Wright Jana E
Seller's Agent
Mac Morante
Keller Williams Realty
Buyer's Agent
Alicia Graham
Circa Properties, Inc.
List Price
$925,000
Sold Price
$865,000
Premium/Discount to List
-$60,000
-6.49%
Views
90
Current Estimated Value
$1,053,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,841
Avg. Annual Appreciation
5.96%
Original Mortgage
$908,912
Outstanding Balance
$885,383
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
$109,129

Purchase Details

Closed on
May 9, 2019
Sold by
Loveall Debra Rae
Bought by
Debra R Loveall Revocable Trust

Purchase Details

Closed on
Jul 8, 2005
Sold by
Loveall Gerald Raymond and Loveall Deborah Rae
Bought by
Loveall Gerald Raymond and Loveall Debra Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.55%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wright Gregory J $865,000 First American Title
Debra R Loveall Revocable Trust -- None Available
Loveall Gerald Raymond -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Gregory J $908,912
Previous Owner Loveall Gerald Raymond $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $865,000 -1.7% $518 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
07/31/2023 07/31/23 Price Changed $880,000 -4.9% $527 / Sq Ft
07/19/2023 07/19/23 For Sale $925,000 -- $554 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,538 $882,300 $701,235 $181,065
2024 $9,538 $865,000 $687,485 $177,515
2023 $3,777 $322,022 $132,737 $189,285
2022 $3,703 $315,708 $130,134 $185,574
2021 $3,602 $309,518 $127,582 $181,936
2020 $3,569 $306,345 $126,274 $180,071
2019 $3,526 $300,339 $123,798 $176,541
2018 $3,473 $294,450 $121,370 $173,080
2017 $3,334 $288,677 $118,990 $169,687
2016 $3,271 $283,017 $116,657 $166,360
2015 $3,223 $278,766 $114,904 $163,862
2014 $3,154 $273,306 $112,653 $160,653
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23122200

California Regional Multiple Listing Service (CRMLS)

APN: 374-742-04