Property Details
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This lovely property at 16 Riveroaks in Irvine, CA 92602 boasts a spacious lot size of 5,423 square feet and a well-maintained home with a total of 1,986 square feet of living space. The residential property was built in 2002 and features 3 bedrooms and 3 bathrooms, as well as a convenient attached garage with 406 square feet. According to historical records, the property was last sold for $820,000 in 2011 and is currently assessed at a total value of $989,970, with $286,304 for improvements and $703,666 for the land. Taxes of $11,731.50 were billed for this property, which is designated as TR 16079 BLK LOT 23 or Lot Number 1: 23 in the legal records.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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