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40 Rainbow Lake #16, Irvine, CA 92614
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40 Rainbow Lake #16 Irvine, CA 92614

$995,000 Sold Price as of 10/23/2020
  • 3 Beds
  • 2.5 Baths
  • 2,320 Sq.Ft.
Sold
$995,000 Sold Price as of 10/23/2020 Refinance Your Mortgage
Map preview of 40 Rainbow Lake #16, Irvine, CA 92614

Property Overview: 40 Rainbow Lake #16 Irvine, CA has 3 bedrooms, 2.5 bathrooms, 2,320 living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Enter through a private gated courtyard and step through the front door of this amazingly upgraded home with its sought-after floor plan. Located Inside the Loop, in the desirable Lakeside neighborhood, the home is steps to South Lake, tennis courts, pools, playgrounds, parks and schools. Plenty of natural light flows throughout the open and airy layout. Stunning hardwood flooring and plush carpeting blend charmingly with the paint tones found throughout the home. The vaulted ceilings in the living and dining room add dimension and beauty. White brick-accented fireplace in the living room. The dining room doors open to the backyard. The white, light & bright upgraded gourmet kitchen with island, quartz counter-tops, and stainless steel appliances opens to the breakfast nook which looks onto the low-maintenance tastefully-paved yard, where family and friends will make good use of the built-in BBQ and fire-pit. The family room is the place where everyone will love to gather. You will appreciate the magnificent staircase with its overhead skylight! The master bedroom with its retreat, is about twice the size of an average master bedroom, and the huge walk-in closet and soaking tub, dual vanities are sure to delight. The two spacious upstairs secondary bedrooms share an upgraded bathroom. Convenient inside laundry with storage space. Plantation shutters. Recessed lighting. Ceiling fans. As a Woodbridge resident, will have access to all the resort-like amenities. No Mello-Roos.

Listed by Debbie Sagorin | BRE #01411020 | Coldwell Banker Realty
Last checked: 10 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
--
HOA Dues
$385/mo
Year built
1985
Garage
2 Car
Property Type:
Condominium
Status
Sold
MLS#
OC20178088
City
Irvine
County
Orange
Time on Site
1490 days

Virtual Tour

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Property Details for 40 Rainbow Lake #16

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Inside, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room, In Kitchen
  • All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Retreat, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Cooktop, Range Hood
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 1
Interior Features
  • Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting
  • Levels: Two
  • Window Features: Plantation Shutters, Skylight(s)
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Mirror Closet Door(s), Sliding Doors
Exterior Features
Exterior Information
  • Has Fence
  • Wood
  • Has Spa
  • Spa Features: Association
Exterior Features
  • No Pool
  • Pool Features: Association
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
  • Has Attached Garage
Lot Information
  • Lot Features: Back Yard, Park Nearby, Paved, Yard
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 1
  • Parcel Number: 93884426
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Property is Attached
  • Offered With Property: Washer & dryer
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Woodbridge Village Association
  • Association Fee: $105 (Monthly)
  • Second Association Name: Lakeside Maintenance Association
  • Second Association Fee: $280 (Monthly)
  • Association Amenities: Pool, Playground, Tennis Court(s), Sport Court
  • Total Average Monthly Fee: $385
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • Elementary School: Springbrook
  • Elementary School: SPRING
  • Middle/Junior High School: South Lake
  • Middle/Junior High School: SOULAK
  • High School: Woodbridge
  • High School: WOODBR
  • High School District: Irvine Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Lakeside (LK)
  • Directions: From Jeffrey, turn onto Alton Pkwy, then take the first left onto E Yale Loop. Right onto Springbrook S, then left onto Summerlake. Left at Rainbow Lk
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Fishing, Lake, Park, Sidewalks, Street Lights, Suburban
View more facts & features

Local Irvine Agent

Sale History for 40 Rainbow Lake #16

Last sold for $995,000 on October 23rd, 2020

  • October, 2020

  • Oct 26, 2020

    Date

    Sold

    CRMLS: OC20178088

    $995,000

    Price

  • Oct 10, 2020

    Date

    Pending

    CRMLS: OC20178088

    $999,900

    Price

  • Sep 14, 2020

    Date

    Active Under Contract

    CRMLS: OC20178088

    $999,900

    Price

  • Aug 29, 2020

    Date

    Active

    CRMLS: OC20178088

    $999,900

    Price

  • October, 2020

  • Oct 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $995,000

    Price

  • March, 1998

  • Mar 27, 1998

    Date

    Sold (Public Records)

    Public Records

    $345,000

    Price

Show More

Tax History for 40 Rainbow Lake #16

Assessed Value (2020): $503,703
Year Land Value Improved Value Assessed Value
2020 $258,693 $245,010 $503,703

Home Value Compared to the Market

This property vs the competition

40 Rainbow Lake #16 sold on October 23, 2020 for 34.65% lower than the current median sold price for the city of Irvine which is $1,530,000. The median sold price per/sqft for Irvine is $843 and this home is sold at $430.99 per/sqft which puts the price per square foot 48.87% lower than the current median sale per square foot for the city of Irvine.

About 40 Rainbow Lake #16

Detailed summary of property

40 Rainbow Lake #16 is a condominium that recently sold in Irvine, CA 92614. This condo offered 3 bedrooms, 2.5 bathrooms, roughly 2,320 living square feet, and sits on an approximately -- square foot lot. 40 Rainbow Lake #16 was first listed on ArdentRealEstateGroup.com on August 29, 2020. The homeowner sold the property for $995,000. Home in Irvine are selling for a median price of $1,530,000 and a median price per square foot of $843. Based on Ardent Real Estate Group's Irvine Market Data, this home is sold 34.65% lower than the current median priced home. Local homes that are currently for sale include 206 Marinella Aisle, 6 Arese Aisle and 1 Palmieri Aisle. This home does have a Homeowners Association and the monthly fee is $385 per month. While the average home in Irvine, CA is selling in 61 days, 40 Rainbow Lake #16 has a days on market of 10 days. There are currently 654 homes for sale in the Irvine real estate market and 275 of them are single family homes while 328 of them are condos and 51 are townhomes. For more information on this home for sale at 40 Rainbow Lake #16 Irvine, CA 92614 contact Ardent Real Estate Group and we will put you in touch with one of our Irvine agents.

Public Facts for 40 Rainbow Lake #16

Public county record property details
Beds
3
Baths
2
Year built
1985
Sq. Ft.
2,320
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
2
APN
938-844-26

The source for these homes facts are from public records.

92614 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,315,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$888,000
Median Sold Price/Sq.Ft.
$796
Total Inventory
51
Median Sale to List Price %
98.89%
Avg Days on Market
26
Loan Type
Conventional (42.86%), FHA (0%), VA (7.14%), Cash (50%), Other (0%)

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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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