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262 Cultivate

262 Cultivate, Irvine, CA 92618
Sold Oct 22, 2015
$1,270,000
$750,000 by Universal American Mortgage Co
Mortgage Due Nov 01, 2045
Local assessors in Irvine, CA have categorized 262 Cultivate as a residential type of property. The home was built in 2015 and is 9 years old. The property's lot size has been calculated to be 6,519 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 6 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 262 Cultivate has a total of 3,250 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 463 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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, 262 Cultivate sold most recently in Oct 11, 2015 for a total of $1,270,000. If you work out the math, that's approximately a cost of $390.77 per sqft. 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 $25,470 in taxes each year. 262 Cultivate was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,445,027. If we break it down further, the land itself was valued at $771,141. Improvements to the property, however, were assessed at a total of $673,886. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 463
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,519
  • Total Building Area: 3,250
  • Building Area: 3,250
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,250
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 17730
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 17730 BLK LOT 62

Ownership

  • Current Owner : THE MEHTA FAMILY TRUST
  • Previous Owner : LENNAR HOMES OF CALIFORNIA INC
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Irvine Unified School District
  • Census Tract: 052439

Geography

  • Subdivision Tract Number: 17730
  • Parcel: 580-532-04
  • Lot: 62
  • Latitude: 33.6911
  • Longitude: -117.732

    Address

  • Full Address: 262 Cultivate
  • Address - House Number: 262
  • Address - Street Name: Cultivate
  • State: CA
  • City Name: Irvine
  • Carrier Code: C102
  • 4-Digit Zip Code: 1029
  • Zip Code: 92618

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $25,470
  • Tax Rate Code Area: 26-248

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 2,364,760
  • High Value: 2,850,525
  • Low Value: 1,878,995

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,420,000
  • First Open Lien Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Oct 22, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $750,000
  • 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, 2045
  • Second Open Lien Mortgage Lender: CF BANK
  • Second Open Lien Mortgage Recording Date: Nov 09, 2020
  • Second Open Lien Mortgage Loan Amount: $670,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,445,027
  • Assessed Land Value: $771,141
  • Assessed Improvements Value: $673,886

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 11, 2015
  • Current Sale Recording Date: Oct 22, 2015
  • Current Sale Transaction ID: 1336687181
  • Current Sale Price: $1,270,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2015000552135

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSAL AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: Oct 22, 2015
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Nov 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Orange County Great Park



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Frequently Asked Questions

What neighborhood is 262 Cultivate located in?
The 262 Cultivate is a located in the neighborhood of Orange County Great Park in Orange County Great Park, Irvine.
What is the average sales price for listings in 262 Cultivate?
The average sales price for units in 262 Cultivate is $0 currently.

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