The following is a Current Value Assessment of your property based on current market conditions, a standard level property condition, comparable homes in your neighborhood, and what I believe your home could sell for with the implementation of a high-end marketing strategy.
The next page is your Tax Record followed by the comparables I used in this analysis to come up with my assessment, what the Internet believes your home to be worth, and finally what I believe your home could possibly sell for. I’ve also included some info about me and my team if you’d like to know more about us.
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TAX RECORD
OWNER INFORMATION
Owner Name Krishnareddy Divakar
Owner Name 2 Krishnareddy 2004 Living Tr
Tax Billing Address 6231 Oakbrook Cir
MLS Orig Listing Price
MLS Close Date
MLS Listing Close Price
$1,195,000 $1,245,000
MLS Listing Cancellation Date 11/17/2000
MLS Source History CRM CRM
LAST MARKET SALE & SALES HISTORY
Recording Date 06/16/1992
Sale Type
Sale Date Deed Type Deed (Reg)
Sale Price Owner Name Krishnareddy Divakar
Price Per Square Feet Owner Name 2 Krishnareddy 2004 Living Tr Multi/Split Sale Seller Owner Record Document Number 403487
Recording Date 08/04/2020 06/16/1992 08/05/1988
Sale Date 07/29/2020 04/1988
Sale Price $779,500
Nominal Y
Buyer Name Krishnareddy 2004 Living Trust Krishnareddy Divakar Krishnareddy Divakar & Nageswa
Seller Name Krishnareddy Divakar & Nageswari Owner Record Seacliff Estates Document Number 380856 403487 382143
Document Type Quit Claim Deed Deed (Reg) Grant Deed
MORTGAGE
HISTORY
Mortgage Lender Jp Morgan Chase Bk Jp Morgan Chase Bk Jp Morgan Chase Bk Chase Manhattan Mtg Chase Manhattan Mtg Mortgage Code Conventional Conventional Conventional Conventional Conventional
Mortgage Date 02/14/2002 08/05/1988
Mortgage Amount $650,000 $623,600
Mortgage Lender Washington Mutual Bk Fa Far West S&L Mortgage Code Conventional Conventional
FORECLOSURE HISTORY
Document Type
Default Date
Foreclosure Filing Date
Recording Date
Document Number
Book Number
Page Number
Default Amount
Final Judgment Amount
Original Doc Date
Original Document Number
Original Book Page
Lien Type
THE COMPARATIVE MARKET ANALYSIS
No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That's where the Comparative Market Analysis, or CMA, is most useful.
What is a CMA?
The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data such as type of home, number of bedrooms, number of baths, lot size, neighborhood, property condition and features, and many other factors. The purpose is to show estimated market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.
How is the CMA created?
CMAs are generated by using property information from your real estate agent's Multiple Listing Service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service's public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer's agents create them for their buyers so both sides know what current market conditions are for the homes they're interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing — new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge and skill of the person creating the CMA as well as the number and type of data fields that are chosen.
How can CMAs vary?
CMAs can vary widely, depending on the knowledge and expertise of the person inputting the search parameters. They also may vary between identical homes in that one property may simply offer better “curb appeal” or is in better condition that the other. Lastly, buyer and seller motivation can’t be quantified. It is typically impossible to say why a seller agreed to take less for their home or why a buyer paid more for another home. Family problems, corporate relocations and other reasons all play a role. What you can learn from the CMA is how long a home took to sell. If it was quick, the seller was highly motivated. If it didn’t, it was probably overpriced.
THE COMPARATIVE MARKET ANALYSIS
Is a CMA the same as an Appraisal?
No. Although the CMA is used to help determine current market value, it does not establish the seller's home value. A bank appraisal, on the other hand, is a professional determination of a home's value. The appraisal is completed by a licensed Appraiser, using guidelines established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac. An appraisal is a comprehensive look at a home's location, condition, and eligibility for federal guarantees. For example, a home that doesn't meet safety requirements such as handrails on steps will not be eligible for FHA or VA loans until the handrail is installed or repaired. Appraisers use the same data in their market research to find comparable homes as real estate agents. While they are also members of the MLS, they also have additional guidelines from the bank to follow that minimize risk to the bank. They will take into consideration — and can adjust values to reflect — the speed of the market and whether prices are rising or falling. When the appraisal is finished, the bank makes the decision to fund the loan, or it may require the seller to fix certain items and show proof that the repairs have been made before letting the loan proceed. If the loan doesn't meet lending guidelines, the bank will decline the loan.
And is my home worth what the Internet says?
In short — maybe? Many homeowners like to visit sites like Zillow, REDFIN, etc., to see what their home is worth. What they fail to understand is that most of those sites have an 8% - 12% margin of error which means a home worth $400,000 could be worth anywhere between $360,000 and $440,000 and that’s if we only use a 10% margin of error. That is quite the large window!
Estimating a home’s market value is far from an exact science. These sites contract with major title companies to obtain county tax roll data which they combine with data obtained from the MLS, push it through their algorithm and bingo! You have your “Zestimate”!!
On February 29, 2016, then Zillow CEO Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.75 million shown on its property page a day later.
YOUR COMPARATIVE MARKET ANALYSIS
Comparative Market Analysis
Chris Taylor
Keller Williams Luxury International
Summary of Comparable Properties
A ACTIVE LISTINGS
S SOLD LISTINGS
Analysis
Chris Taylor
Keller Williams Luxury International
Sqft.
Comparable homes sold for an average of $1,157 / sq. ft. Many factors such as location, use of space, condition, quality, and amenities determine the market value per square foot, so reviewing each comp carefully is important.
Listings
Chris Taylor
Keller Williams Luxury International
6162 Morningside Drive
Huntington Beach, CA 92648
$2,699,900 5 Beds 4.00 Baths
ACTIVE 8/7/24
Details
Prop Type: Single Family Residence
County: Orange
Area: 15 - West Huntington Beach
Features
Association Name: ESTATES AT SEACLIFF
Association Y N: Yes
Attached Garage Y/N: Y
Community Features:
Sidewalks, Street Lights
Contract Status Change
Date: 2024-08-07T00:00:00
Cooling: Central Air, Electric, Gas
Elevation Units: Feet
Heating: Central
MLS
3,269.0 Sq. Ft. ($826 / sqft)
Year Built 1995 Days on market: 63
Subdivision: Huntington
Seacliff (HSEA)
Full baths: 4.0
Acres: 0.1653
Lot Size (sqft): 7,200
Garages: 3
List date: 8/7/24
Off-market date: 8/9/24
Updated: Oct 11, 2024 1:09 PM
List Price: $2,699,900
Orig list price: $3,123,000
Assoc Fee: $287
School District: Huntington Beach Union High
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash, Cash To New Loan, Contract, Conventional
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Golf Course, Neighborhood
Water Source: Public
Window Features: Shutters
Year Built Source: Assessor
Remarks
09/24 ANOTHER MAJOR REDUCTION..MAJOR PRICE REDUCTION! Welcome to the Estate Cliff in Huntington Beach City, the 24-hour private gate community, and The World Class Surf City in Socal where every day feels like a vacation spot. The property features 5 bedrooms and 4 bathrooms, a cathedral ceiling, a family room, and a living room that has fireplaces, a granite countertop, a dining room, and a breakfast nook, the bedroom on the first floor has been converted into an office or den. The upstairs, master bedrooms boast an open concept with a high ceiling, double French doors entry, fireplace, walk-in closets, private room toilet, standing shower, granite countertop for double sinks and a jacuzzi, private balcony, and overlook the golf course, two of the bedrooms also has their private balcony, a convenience laundry room on the second floor. Enjoy this gorgeous swimming and spa in your backyard, built-in BBQ in the back, and very spacious backyards, or relax in the private resort-style pool and spa with the ocean breezes from the Pacific Ocean. corner lots with over 7000 sq. ft. Its a walking distance of the ocean and the park: award-winning schools, outdoor activities, dining, shops, and nearby nightlife.
Courtesy of Financial Choice Services Information is deemed reliable but not guaranteed.
Community Features: Curbs, Dog Park, Golf, Park, Sidewalks, Street Lights
Contract Status Change
Date: 2024-09-24T00:00:00
Cooling: Central Air, Dual Elevation Units: Feet
Flooring: Carpet, Wood
Chris Taylor
Keller
Full baths: 3.0
3/4 Baths: 1.0
Half baths: 1.0
Acres: 0.1607
Lot Size (sqft): 7,000 Garages: 3
Heating: Central, Forced Air
Interior Features: Cathedral
Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
Land Fee/Land Lease: Fee
Levels: Two
Listing Terms: Cash, Cash To New Loan
Lot Features: Back Yard, Front Yard, Zero Lot Line
Main Level Bedrooms: 1
Year Built 1987 Days on market: 11
List date: 9/24/24
Updated: Oct 6, 2024 10:20 AM
List Price: $3,199,900
Orig list price: $3,199,900 Assoc Fee: $400
School District: Huntington Beach Union High
High: Huntington Beach
Middle: Dwyer
Elementary: Seacliff
Parking Total: 3
Patio And Porch Features: Concrete, Patio, Front Porch
Pool Features: Private, In Ground
Pool Private Y N: Yes
Property Attached Yes/No: No
Roof: Spanish Tile
Bathroom Features: Double Sinks in Primary Bath, Granite Counters, Remodeled, Separate tub and shower, Soaking Tub, Upgraded, Vanity area, Walkin shower
Kitchen Features: Granite Counters, Kitchen Open to Family Room
Room Type: Bonus Room, Den, Entry, Family Room, Great Room, Kitchen, Laundry, Library, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Office, Separate Family Room, Utility Room, Walk-In Closet
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: Private
Special Listing Conditions: Standard View: Park/Greenbelt, Pool, Trees/Woods
Virtual Tour: View
Water Source: Public
Year Built Source: Assessor
Remarks
Discover the allure of this exquisite Estate Series gem nestled within the gated community of SeaCliff on the Greens! This recently transformed residence boasts 5 spacious bedrooms and 4.5 bathrooms, standing as one of the most popular floorplans in the neighborhood. With 1 bedroom and 1.5 bathrooms conveniently located on the ground floor, this home welcomes you with soaring ceilings and a harmonious open layout. Step into the chef's paradise of the freshly remodeled kitchen, adorned with a new Sub-Zero refrigerator, double ovens, double microwaves, new double-freezer drawers, a separate icemaker, a new sink, and a majestic 48" Wolf stovetop featuring 6 burners and a griddle! Rich granite counters, stunning hardwood floors, and elegant Travertine tiles grace the downstairs, enhancing its charm. This enchanting abode features four fireplaces, each nestled in cozy retreats: one in the library, another in the family room, one in the living room, and a final warm embrace in the primary suite! Revel in the gentle ocean breezes and breathtaking sunsets from the lush backyard, complete with a sparkling pool and spa. The home is equipped with two new air conditioning units and a stateof-the-art water-filtration system. Ascend to the upper level, where a spacious primary bedroom awaits, boasting a private retreat area and a west-facing balcony that overlooks the pool and verdant greenbelt. The primary bathroom has been remodeled, featuring dual vanities, new granite counters, a soaking tub, a shower enclosure, and an abundance of closet space, including two walk-in closets and an additional third closet, along with two separate toilet areas and exquisite stone tile flooring. New plush carpeting blankets the second floor, where you'll find three additional upper-level bedrooms and two more bathrooms. The enchanting 19375 Woodlands also offers a laundry room with a sink, a three-car garage, and a driveway. Ideally situated, this home is within biking or walking distance to the sun-kissed sands of the Pacific Ocean, the Huntington Club Golf Course for golf and tennis, delightful shopping, acclaimed schools, and the renowned dining and entertainment of Downtown Huntington Beach, complete with its iconic pier
Courtesy of Sharp Homes
Information is deemed reliable but not guaranteed.
Bathroom Features: Bathtub, Shower, Shower in Tub, Closet in bathroom, Double Sinks in Primary Bath, Exhaust fan(s), Main Floor Full Bath, Quartz Counters, Separate tub and shower, Soaking Tub, Upgraded, Vanity area, Walk-in shower
Kitchen Features: Kitchen Island, Pots & Pan Drawers, Quartz Counters, Remodeled Kitchen
Photo
Room Type: Entry, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Office, Walk-In Closet
Remarks
Sold Before Processing.
Senior Community Yes/No: No
Sewer: Public Sewer
Spa Features: Private, In Ground
Special Listing Conditions: Standard
Courtesy of Coldwell Banker Realty Information is deemed reliable but not guaranteed.
View: Golf Course
Water Source: Public
Year Built Source: Estimated
Chris Taylor
SO WHAT DOES THE INTERNET SAY ABOUT YOUR HOME?
$3,391,000 $3,235,673 $3,194,700 $2,825,000
WHAT DO I THINK?
This is really a case of needing to see the home and any upgrades it might have, but based on current market conditions, comparable homes in The Greens (ESPECIALLY 19421 Foxdale Circle which is also on the green and had a pool, but was also 860 SqFt smaller and sold for $4.210M) coupled with your lot size/location, and what I believe your home could sell for with the implementation of a high-end marketing strategy, my Current Value Assessment for your home would be:
$4.175M - $4.25M
To get a more accurate assessment of property value, a physical inspection would be required.
National Association of REALTORS (NAR)
California Association of REALTORS (CAR)
Orange County Association of REALTORS (OCAR)
Luxury Home Sales Designated
Contingency Sale Specialist
Certified New Home Co-Broker
Certified Divorce Real Estate Expert
Top 1.5% of Individual REALTORS in the nation
Team Lead for Taylor Realty Group with offices in Corona, Huntington Beach, and Palm Springs
Meet Chris…
A true Californian through and through, realtor Chris Taylor was born and raised in South Orange County and has spent his life in Southern California from Huntington Beach to Palm Springs and just about everywhere in between. His lifelong experience in the region has given him unparalleled knowledge about its cities, communities, and neighborhoods from the coast to the desert, providing an invaluable advantage for his clientele.
Over his career, which began in 2003, Chris has enjoyed time as a realtor, new home sales agent, and mortgage consultant, providing him with a thorough understanding of every facet of the real estate business. As a result, he can personally guide his clients through each stage of the buying or selling process. Chris knows that communication and integrity are key to a successful transaction, and he is dedicated to always being available to his clients while offering professionalism, commitment and attentiveness that never fail to exceed expectations.
Chris is a fourth-generation Southern Californian with a love for surfing, screenwriting, and the movies. Prior to real estate, he worked in front of and behind the camera in the entertainment industry, concluding as a talent agent with the prestigious William Morris Agency. Chris lives in Huntington Beach with his wife, Terry, their disabled grandson, David, for whom he is the primary caregiver and a menagerie of two dogs and two cats. He has also made real estate-related appearances on Fox 11 News, Good Day L.A., and Inside Edition.
Meet the Team
Tracie Albert
Operations Director
DRE# 01432850
With a high regard for the overall client experience, Tracie oversees the Operations for Taylor Residential Real Estate. A licensed Real Estate Agent herself since 2004 with experience in Residential, Investment and Luxury Sales as well as Short Sales, REOs and House Flipping, Tracie possesses a comprehensive level of Real Estate-related expertise that is largely unsurpassed. As a key component to Taylor Residential Real Estate’s success, Tracie has access to a variety of tools and resources designed to foster the most rewarding experiences for clients with even the most complex goals at hand in addition to cutting edge marketing techniques and strategies and innovative resources.
Brenda Listana Administration
With over 5 years of experience and having worked for some of the biggest e-commerce companies in the world, Brenda has established herself as a strong Customer Support Representative. She takes great pride in her exceptional computer skills, organization, planning, and administrative abilities and her experience has taught her the importance of attention to detail, resilience, and flexibility. Brenda commits herself fully to any task and embraces the responsibility.
Anthony Zervas Lead Agent
DRE# 02047324
Valerie Alicajic
Marketing Director
Anthony Zervas views architecture with a genuine passion that he is eager to share with buyers who are seeking a home that ideally suits and even exceeds their personal and financial goals. With a broad spectrum of experience, know-how, determination, and dedication, Anthony has rapidly built a following of clients who appreciate his down-toearth approach and unyielding commitment to unparalleled service. An avid traveler and snowboarder, Anthony is a genuine family man and spends much of his free time with his wife, Mel, and their daughter, Avie. He is also an award-winning chef with experience with high-end restaurants, five-diamond hotels, and as a personal with celebrity clienteles.
Valerie’s passion for design began at an early age, culminating in earning her Bachelor of Arts degree with an emphasis in graphic design at California State University Long Beach, and most recently, a Multi-Media Certificate in Web Design from Golden West College. Today, Val spearheads our design strategies and executes creative concepts that ensure maximum exposure. By conceptualizing and designing projects from start to finish, she creates a cohesive message portrayed through color, art and photography, all while meeting intense deadlines.
Brooke Fetzer
Property Designer
DRE# 01432850
Brooke Fetzer, "The Property Stylist", is a Certified Feng Shui Practitioner with YEARS of experience in the art of Home Staging. With over 1500 homes to her credit, Brooke is detail-oriented and works seamlessly with Sellers to prepare their homes for sale with careful attention paid to the individual marketing needs of each home so they can stand out from the rest online.
