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1506 Terra Bella

1506 Terra Bella, Irvine, CA 92602
Property in Terra Bella
Sold Nov 09, 2016
$435,000
$282,750 by Cathay Bank
Mortgage Due Nov 01, 2046
Sold Jun 29, 2016
$420,750
1506 Terra Bella in Irvine, CA was first built in 2000 and is 24 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1506 Terra Bella has 1,080 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 534 sqft. There are a total of 2 available parking spaces. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1506 Terra Bella sold most recently in Sep 13, 2016 for a total of $435,000. If you work out the math, that's approximately a cost of $402.78 per sqft. Before that, the property was also sold for $420,750 in Jun 27, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,666 in taxes each year. 1506 Terra Bella was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $485,249. If we break it down further, the land itself was valued at $334,366. Improvements to the property, however, were assessed at a total of $150,883. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Condo
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 534
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PHASE 4 FOR TERRA BELLA
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: N TR 15739 BLK LOT 4 UN 1506 TRACT 15739, LOT 4 OF PROJECT 935-53 LOCATED ON

Ownership

  • Current Owner : SUO JINGRUI
  • Current Owner 2: ZHANG MEI
  • Previous Owner : BANK OF NEW YORK MELLON
  • Owner Before Previous Owner: HINOJOSA REBECA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Tustin Unified School District
  • Census Tract: 052435

Geography

  • Subdivision Tract Number: 15739
  • Parcel: 935-536-88
  • Lot: 4
  • Latitude: 33.7291
  • Longitude: -117.774

    Address

  • Full Address: 1506 Terra Bella
  • Address - House Number: 1506
  • Address - Street Name: Terra Bella
  • State: CA
  • City Name: Irvine
  • Carrier Code: C058
  • 4-Digit Zip Code: 2025
  • Zip Code: 92602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,666
  • Tax Rate Code Area: 26-216

    Appraisal Valuation

  • Standard Deviation: 0.0506
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 99
  • Final Value: 690,740
  • High Value: 725,712
  • Low Value: 655,769

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $282,750
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Nov 09, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $282,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $485,249
  • Assessed Land Value: $334,366
  • Assessed Improvements Value: $150,883

    Sales

  • Current Sale Contract Date: Sep 13, 2016
  • Current Sale Recording Date: Nov 09, 2016
  • Current Sale Transaction ID: 1855271895
  • Current Sale Price: $435,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2016000568848
  • Previous Sale Recording Date: Jun 29, 2016
  • Previous Sale Contract Date: Jun 27, 2016
  • Previous Sale Amount: $420,750
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Nov 09, 2016
  • First Mortgage Loan Amount: $282,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Nov 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1506 Terra Bella located in?
The 1506 Terra Bella is a located in the neighborhood of Terra Bella in Lower Peters Canyon, Irvine.
What is the average sales price for listings in 1506 Terra Bella?
The average sales price for units in 1506 Terra Bella is $0 currently.

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