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5215 Thorn Tree Lane

5215 Thorn Tree Lane, Irvine, CA 92612
Property in Terrace
Sold Jul 15, 2021
$815,000
$592,000 by Broker Solutions Inc
Mortgage Due Aug 01, 2051
Sold Mar 26, 2007
$565,000
Local assessors in Irvine, CA have categorized 5215 Thorn Tree Lane as a residential type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 3,052 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5215 Thorn Tree Lane has a total of 1,224 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 467 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5215 Thorn Tree Lane was last sold in Jun 22, 2021 for $815,000. According to our calculations, that's $665.85 per sqft. Prior to that sales transaction, the property was sold for $565,000 in Feb 27, 2007. Current property owners are expected to pay $8,663 in taxes per year. The property on 5215 Thorn Tree Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $831,300. To break that down further, the land itself was valued at $737,231. While improvements to the property were assessed at a total of $94,069. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: C
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 467
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,052
  • Total Building Area: 1,224
  • Gross Building Area: 1,224
  • Building Area: 1,224
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,224
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 8261
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 8261 BLK LOT 189

Ownership

  • Current Owner : KIM HYUNG SEOK
  • Current Owner 2: LEE HEE JU
  • Previous Owner : MCCREARY MICHELE KAY
  • Previous Owner 2: THE KATHLEEN K RIDER TRUST
  • Owner Before Previous Owner: RUSSELL FRANCES LEE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Irvine Unified School District
  • Census Tract: 062651

Geography

  • Assessors Map Reference: 29-B5
  • Subdivision Tract Number: 8261
  • Parcel: 453-162-05
  • Lot: 189
  • Latitude: 33.6617
  • Longitude: -117.803

    Address

  • Full Address: 5215 Thorn Tree Ln
  • Address - House Number: 5215
  • Address - Street Name: Thorn Tree
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Irvine
  • Carrier Code: C012
  • 4-Digit Zip Code: 2346
  • Zip Code: 92612

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,663
  • Tax Rate Code Area: 26-007

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 74
  • Final Value: 1,135,830
  • High Value: 1,351,818
  • Low Value: 919,842

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $592,000
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Jul 15, 2021
  • First Open Lien Mortgage Loan Amount: $592,000
  • 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: Aug 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $831,300
  • Assessed Land Value: $737,231
  • Assessed Improvements Value: $94,069

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Transaction ID: 11843456244
  • Current Sale Price: $815,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000456444
  • Previous Sale Recording Date: Mar 26, 2007
  • Previous Sale Contract Date: Feb 27, 2007
  • Previous Sale Amount: $565,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Jul 15, 2021
  • First Mortgage Loan Amount: $592,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

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Frequently Asked Questions

What neighborhood is 5215 Thorn Tree Lane located in?
The 5215 Thorn Tree Lane is a located in the neighborhood of Terrace in University Park, Irvine.
What is the average sales price for listings in 5215 Thorn Tree Lane?
The average sales price for units in 5215 Thorn Tree Lane is $0 currently.

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