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62 Derby

62 Derby, Irvine, CA 92602
Property in Orchard Hills
Sold Nov 10, 2021
$1,533,000
$1,216,000 by Citibank Na
Mortgage Due Dec 01, 2051
Sold Jun 19, 2020
$2,665,000
Local assessors in Irvine, CA have categorized 62 Derby as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 4,851 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, 4 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 4 full bathrooms. There are also 5 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 62 Derby has a total of 2,957 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 425 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, 62 Derby sold most recently in Nov 1, 2021 for a total of $1,533,000. If you work out the math, that's approximately a cost of $518.43 per sqft. Before that, the property was also sold for $2,665,000 in Jun 17, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $21,532 in taxes each year. 62 Derby was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,563,155. If we break it down further, the land itself was valued at $846,863. Improvements to the property, however, were assessed at a total of $716,292. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 425
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,851
  • Total Building Area: 2,957
  • Building Area: 2,957
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,957
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 17767
  • Land Acres: 0.111
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 17767 BLK LOT 86

Ownership

  • Current Owner : KANG JOHN
  • Current Owner 2: KANG SUSAN
  • Previous Owner : SHEA HOMES LIMITED PARTNERSHIP
  • Owner Before Previous Owner: IRVINE COMMUNITY DEVELOPMENT COMPANY LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Tustin Unified School District
  • Census Tract: 052437

Geography

  • Subdivision Tract Number: 17767
  • Parcel: 527-331-29
  • Lot: 86
  • Latitude: 33.7518
  • Longitude: -117.761

    Address

  • Full Address: 62 Derby
  • Address - House Number: 62
  • Address - Street Name: Derby
  • State: CA
  • City Name: Irvine
  • Carrier Code: C066
  • 4-Digit Zip Code: 1854
  • Zip Code: 92602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $21,532
  • Tax Rate Code Area: 26-323

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 2,774,279
  • High Value: 3,344,167
  • Low Value: 2,204,392

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,366,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Nov 10, 2021
  • First Open Lien Mortgage Loan Amount: $1,216,000
  • 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: Dec 01, 2051
  • Second Open Lien Mortgage Lender: FINANCIAL PARTNERS CREDIT UNIO
  • Second Open Lien Mortgage Recording Date: Dec 19, 2022
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,563,155
  • Assessed Land Value: $846,863
  • Assessed Improvements Value: $716,292

    Sales

  • Current Sale Contract Date: Nov 01, 2021
  • Current Sale Recording Date: Nov 10, 2021
  • Current Sale Transaction ID: 11865980715
  • Current Sale Price: $1,533,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000693843
  • Previous Sale Recording Date: Jun 19, 2020
  • Previous Sale Contract Date: Jun 17, 2020
  • Previous Sale Amount: $2,665,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Nov 10, 2021
  • First Mortgage Loan Amount: $1,216,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: IRVINE COMMUNITY DEVELOPMENT C
  • Previous Mortgage Transaction Date: Jun 19, 2020
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 62 Derby located in?
The 62 Derby is a located in the neighborhood of Orchard Hills in Orchard Hills, Irvine.
What is the average sales price for listings in 62 Derby?
The average sales price for units in 62 Derby is $0 currently.

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