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516 Orchid Avenue

516 Orchid Avenue, Corona Del Mar, CA 92625
Property in Corona del Mar
Sold Jun 24, 2020
$1,200,000
$975,000 by First Republic Bank
Mortgage Due Oct 01, 2051
Sold Jun 13, 2007
$1,485,000
$950,000 by Washington Mutual Bank Fa
Mortgage Due Jul 01, 2037
516 Orchid Avenue in Corona Del Mar, CA was first built in 1972 and is 52 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, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 516 Orchid Avenue has 1,530 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 218 sqft. There is one available parking space. The property was last sold in May 19, 2020 for $1,200,000. That's $784.31 per sqft. Prior to that sales transaction, the property was also sold in May 31, 2007 for $1,485,000. 516 Orchid Avenue was last assessed in 2023. The total value of the property was assessed at $1,514,234. Specifically, the land the property is located on was valued at $1,317,257. While improvements on the property were assessed at a total of $196,977. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $16,249. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Condo
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 218
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,530
  • Building Area: 1,530
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,530
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARCEL MAP 2005-261
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: P BK 355 PG 14 PAR 1 UN 1 PM 355-14, PAR 1 OF PROJECT 938-01 LOCATED ON

Ownership

  • Current Owner : VALERIANO DEAN
  • Current Owner 2: VALERIANO DIANE
  • Previous Owner : VALERIANO JOHN SISTO
  • Previous Owner 2: VALERIANO FAMILY 2011 TRUST
  • Owner Before Previous Owner: ST HILAIRE MICHAEL
  • Owner Before Previous Owner 2: ST HILAIRE AMY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062702

Geography

  • Parcel: 938-016-10
  • Lot: 1
  • Latitude: 33.5962
  • Longitude: -117.867

    Address

  • Full Address: 516 Orchid Ave
  • Address - House Number: 516
  • Address - Street Name: Orchid
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Corona Del Mar
  • Carrier Code: C005
  • 4-Digit Zip Code: 2423
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,249
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 75
  • Final Value: 2,296,749
  • High Value: 2,719,468
  • Low Value: 1,874,030

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $975,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Sep 01, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $975,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,514,234
  • Assessed Land Value: $1,317,257
  • Assessed Improvements Value: $196,977

    Sales

  • Current Sale Contract Date: May 19, 2020
  • Current Sale Recording Date: Jun 24, 2020
  • Current Sale Transaction ID: 11769787329
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000293973
  • Previous Sale Recording Date: Jun 13, 2007
  • Previous Sale Contract Date: May 31, 2007
  • Previous Sale Amount: $1,485,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Jun 24, 2020
  • First Mortgage Loan Amount: $960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Jun 13, 2007
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $950,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Negative Amortization
  • Previous Mortgage Loan Due Date: Jul 01, 2037

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Frequently Asked Questions

What neighborhood is 516 Orchid Avenue located in?
The 516 Orchid Avenue is a located in the neighborhood of Corona del Mar in Corona del Mar, Corona Del Mar.
What is the average sales price for listings in 516 Orchid Avenue?
The average sales price for units in 516 Orchid Avenue is $0 currently.

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