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16562 Lorelei Ln, Tustin, CA 92780
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16562 Lorelei Ln Tustin, CA 92780

$1,275,000 Sold Price as of 12/28/2023
  • 5 Beds
  • 4.25 Baths
  • 2,631 Sq.Ft.
Sold
$1,275,000 Sold Price as of 12/28/2023 Refinance Your Mortgage
Map preview of 16562 Lorelei Ln, Tustin, CA 92780

Property Overview: 16562 Lorelei Ln Tustin, CA has 5 bedrooms, 4.25 bathrooms, 2,631 living square feet and 6,970 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to own this beautiful Tustin duplex. One unit is 3 bedrooms with 2 and a half baths, fireplace, private patio and 2 car garage. The second unit is 2 bedrooms, 2 baths, fireplace, patio and two car garage. Location is ideal with access to the 5 and 55 interchange!

Listed by Johnny Lucero | BRE #01757716 | Rise Mortgage & Real Estate
Last checked: 10 minutes ago | Last updated: December 29th, 2023 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
6,970
HOA Dues
$0/mo
Year built
1978
Garage
4 Car
Property Type:
Duplex
Status
Sold
MLS#
PW23200597
City
Tustin
County
Orange
Time on Site
187 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,899
  • Total Rent: $34,788
  • Pro Forma/Market Rent: $3,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $34,788
  • Net Operating Income: $33,588
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,200
  • Trash: $0
  • Insurance: $1,500
  • Water/Sewer: $0

Property Details for 16562 Lorelei Ln

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Kitchen, Primary Bedroom, Outside, Patio, Gas
Room Information
  • All Bedrooms Down, All Bedrooms Up
Interior Features
  • Ceramic Counters, Copper Plumbing Full, Storage
  • Levels: Two
  • Window Features: Blinds
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 40227112
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: off E MainSt and Williams St
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
View more facts & features

Local Tustin Agent

Sale History for 16562 Lorelei Ln

Last sold for $1,275,000 on December 28th, 2023

  • December, 2023

  • Dec 28, 2023

    Date

    Sold

    CRMLS: PW23200597

    $1,275,000

    Price

  • Oct 27, 2023

    Date

    Active

    CRMLS: PW23200597

    $1,399,000

    Price

  • July, 1999

  • Jul 16, 1999

    Date

    Sold (Public Records)

    Public Records

    $240,000

    Price

Show More

Tax History for 16562 Lorelei Ln

Assessed Value (2020): $337,141
Year Land Value Improved Value Assessed Value
2020 $150,882 $186,259 $337,141

Home Value Compared to the Market

This property vs the competition

16562 Lorelei Ln sold on December 28, 2023 for 52.07% higher than the current median sold price for the city of Tustin which is $920,000. The median sold price per/sqft for Tustin is $650 and this home is sold at $531.74 per/sqft which puts the price per square foot 18.19% lower than the current median sale per square foot for the city of Tustin.

About 16562 Lorelei Ln

Detailed summary of property

16562 Lorelei Ln is a duplex that recently sold in Tustin, CA 92780. This duplex offered 5 bedrooms, 4.25 bathrooms, roughly 2,631 living square feet, and sits on an approximately 6,970 square foot lot. 16562 Lorelei Ln was first listed on ArdentRealEstateGroup.com on October 27, 2023. The homeowner sold the property for $1,275,000. Home in Tustin are selling for a median price of $920,000 and a median price per square foot of $650. Based on Ardent Real Estate Group's Tustin Market Data, this home is sold 52.07% higher than the current median priced home. Local homes that are currently for sale include 7161 Main St, 7122 Natal Dr and 7122 Natal Dr. While the average home in Tustin, CA is selling in 22 days, 16562 Lorelei Ln has a days on market of 35 days. There are currently 75 homes for sale in the Tustin real estate market and 33 of them are single family homes while 28 of them are condos and 14 are townhomes. For more information on this home for sale at 16562 Lorelei Ln Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 16562 Lorelei Ln

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
2,631
Lot Size
7,165
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
402-271-12

The source for these homes facts are from public records.

92780 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$780,000
Median List Price/Sq.Ft.
$590
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$624
Total Inventory
40
Median Sale to List Price %
101.27%
Avg Days on Market
16
Loan Type
Conventional (57.14%), FHA (9.52%), VA (0%), Cash (14.29%), Other (19.05%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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