NOT LISTED FOR SALE

Estimated Value: $1,523,000 - $1,787,000

4 Beds
3 Baths
2,720 Sq Ft
$593/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $1,505,000 $553 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,164/month

10 Days on Market

Highlights

  • View of Catalina
  • Private Yard
  • Hiking Trails
  • William E. Fanning Elementary School Rated A
  • Den
  • Cul-De-Sac

About This Home

As of July 2023

Welcome to 981 Forbes Drive! A beautiful JM Peters Gallery Executive Home located on a cul-de-sac! This spacious home features 4 Bedrooms and 3 Baths. Open floorplan and bright vaulted ceilings, marble flooring, stunning circular stairway and a spacious formal living and dining room with the Kitchen of a chef’s dream! Downstairs bedroom is currently being used as an office and can be converted to a bedroom with a full bathroom. Upstairs you will find 3 more spacious bedrooms with the large master suite that features cathedral ceilings. You'll be amazed by the alluring layer of golden waves along the Pacific coast and the gorgeous views of Catalina Island. On the rare misty days, Brea will vanish right before your eyes. Enjoy the peaceful, lovely sunsets in an organic garden.

Last Agent to Sell the Property

Jordan Wang

Keller Williams Realty Irvine License #01993587 Listed on: 05/26/2023

Keller Williams Realty Irvine

Co-Listed By

Hyung Kang

Keller Williams Realty Irvine License #02093178

Last Buyer's Agent

Jordan Wang

Keller Williams Realty Irvine License #01993587 Listed on: 05/26/2023

Keller Williams Realty Irvine

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 6,500 Sq Ft Lot
  • Cul-De-Sac
  • Private Yard

HOA Fees

  • $308 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Catalina
  • Neighborhood

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,720 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Separate Family Room
  • Living Room
  • Den

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 12562
  • Assessor Parcel Number 31934207
  • $367 per year additional tax assessments

Community Details

Overview

  • Brea Village Association, Phone Number (949) 450-1515
  • Gallery Collection Subdivision
  • Maintained Community

Recreation

  • Hiking Trails

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

HOA Fees

$308 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Gallery Collection (GALC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 31934207
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2720.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 553.31
  • Room Type: Den, Family Room, Living Room, Separate Family Room

Exterior Features

  • View: Catalina, Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Management
  • Association Fee: 308.00
  • Association Fee Frequency: Monthly
  • Association Name: Brea Village
  • Phone: 949-450-1515
  • Senior Community: No
  • Community Features: Hiking
  • Association Management: unknown

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Yard
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6500.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 15.06
  • Tax Lot: 37
  • Tax Tract Number: 12562
  • TaxOtherAnnualAssessmentAmount: 367.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2004
Sold by
Vandervelde Catrinus and Vandervelde Alke
Bought by
Scott Paul A and Yuan Yihua
Current Estimated Value
$1,612,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.85%
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

Purchase History

Date Buyer Sale Price Title Company
Scott Paul A $840,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Scott Paul A $333,700
Closed Scott Paul A $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2023 07/05/23 Sold $1,505,000 +0.3% $553 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $1,500,000 -- $551 / 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 $16,887 $1,535,100 $1,192,600 $342,500
2024 $16,887 $1,505,000 $1,169,215 $335,785
2023 $12,788 $1,147,923 $818,071 $329,852
2022 $12,674 $1,125,415 $802,030 $323,385
2021 $12,434 $1,103,349 $786,304 $317,045
2020 $12,352 $1,092,036 $778,241 $313,795
2019 $12,011 $1,070,624 $762,981 $307,643
2018 $11,829 $1,049,632 $748,021 $301,611
2017 $11,603 $1,029,051 $733,353 $295,698
2016 $9,644 $852,000 $595,850 $256,150
2015 $9,651 $852,000 $595,850 $256,150
2014 $8,387 $745,382 $489,232 $256,150
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23092406

California Regional Multiple Listing Service (CRMLS)

APN: 319-342-07