NOT LISTED FOR SALE

1 Floramar Unit 110 Rancho Santa Margarita, CA 92688

Estimated Value: $821,000 - $897,000

3 Beds
2.5 Baths
1,303 Sq Ft
$662/Sq Ft Est. Value

Last Sold September 21, 2022

Last sale price $737,500 $566 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,697/month

5 Days on Market

Highlights

  • Access To Lake
  • Spa
  • Fishing
  • Trabuco Mesa Elementary School Rated A
  • Home fronts a lagoon or estuary
  • 2-minute walk to Rancho Santa Margarita Lake Park

About This Home

As of September 2022

Gorgeous townhome offering 2 bedrooms, plus a 3rd room or office, and 2.5 bathrooms with a beautiful mountain view. Walking distance to private keyed gate leading to RSM lake and Beach Lagoon. Attached 2 car garage with an additional 2 car spaces in driveway, washer and dryer hook ups, spacious back patio, and vaulted ceiling in living room. This property feels like a Single Family Home! New vinyl flooring and new paint throughout, added recessed lighting, window coverings, and epoxy garage. Kitchen offers new quartz countertops, subway tile backsplash, farmhouse sink, and new microwave oven combo. HOA offers private, refinished hot tub and pool. Convenient location being able to walk to lake front coffee and restaurants. Close to the 241 Toll Road, Tijeras Creek, Coto De Caza, and O'Neil Regional Park. Located at the base of the Saddleback Mountains. No Mello Roos. If you're looking for a quiet and safe neighborhood with award winning schools, look no further!

Last Agent to Sell the Property

Joey Finrow

Keller Williams Realty Irvine License #01944968 Listed on: 08/24/2022

Keller Williams Realty Irvine

Last Buyer's Agent

Bryan Feltman

CENTURY 21 Affiliated License #02037659

CENTURY 21 Affiliated

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,879

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • Home fronts a lagoon or estuary
  • Two or More Common Walls
  • Vinyl Fence
  • New Fence
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Spanish Architecture
  • Spanish Tile Roof

Interior Spaces

  • 1,303 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Vinyl Flooring

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Spa
  • Access To Lake
  • Balcony
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 12459
  • Assessor Parcel Number 93188560
  • $15 per year additional tax assessments

Community Details

Overview

  • 112 Units
  • Floramar Association, Phone Number (949) 716-3998
  • Samlarc Association
  • Floramar Subdivision
  • Community Lake

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Sport Court
  • Community Pool
  • Community Spa
  • Fishing
  • Park
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,879

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$339 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Floramar (FM)
  • View: No
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 93188560
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1303.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), High Ceilings
  • Stories: 2
  • Entry Location: ground
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Family Kitchen, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 566.00
  • Room Type: All Bedrooms Up
  • Spa Features: Association
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: New Condition, Vinyl
  • Patio And Porch Features: Patio
  • Pool Features: Association
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Water Heater
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: SAMLARC
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Sport Court
  • Association Fee: 265.00
  • Association #2 Fee: 74.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Floramar
  • Phone: 949 716 3998
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Fishing, Lake, Park, Sidewalks, Street Lights
  • Association Management: Samlarc

Schools

  • School District: Saddleback Valley Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 112
  • Number Of Units Total: 112
  • Waterfront Features: Lagoon, Lake

Tax Info

  • Tax Census Tract: 320.51
  • Tax Lot: 5
  • Tax Tract Number: 12459
  • TaxOtherAnnualAssessmentAmount: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Sep 1, 2022
Sold by
Finrow Joseph A and Finrow Blaire K
Bought by
Tanyi Lanston and Tanyi Rachel
Seller's Agent
Joey Finrow
Keller Williams Realty Irvine
Buyer's Agent
Bryan Feltman
CENTURY 21 Affiliated
List Price
$694,999
Sold Price
$737,500
Premium/Discount to List
$42,501
6.12%
Views
36
Current Estimated Value
$862,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,269
Avg. Annual Appreciation
3.46%
Original Mortgage
$622,500
Outstanding Balance
$593,799
Interest Rate
4.88%
Mortgage Type
New Conventional
Estimated Equity
$221,017

Purchase Details

Closed on
Jan 18, 2017
Sold by
Parish David Ashley
Bought by
Finrow Joseph A and Finrow Blaire K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,400
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2007
Sold by
Parish Barbara
Bought by
Parish David Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,750
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2007
Sold by
Salgado Roberto
Bought by
Parish David Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,750
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 27, 2004
Sold by
Lopez Anabel
Bought by
Salgado Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,300
Interest Rate
4.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2004
Sold by
The Lankford Family Trust
Bought by
Salgado Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,300
Interest Rate
4.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2000
Sold by
Wilbert Lankford and Wilbert Marlene
Bought by
Lankford Wilbert Glenn and Lankford Marlene Ohare

Purchase Details

Closed on
May 16, 1994
Sold by
Mangus Thomas W and Mangus Serena C
Bought by
Lankford Wilbert and Lankford Marlene O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
6.12%

Purchase Details

Closed on
Mar 19, 1993
Sold by
Mangus Thomas W and Mangus Serena C
Bought by
Mangus Thomas W and Mangus Serena C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.74%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tanyi Lanston $737,500 Fidelity National Title
Finrow Joseph A $545,000 Ticor Title
Parish David Ashley -- Old Republic Title Company
Parish David Ashley $438,000 Old Republic Title Company
Salgado Roberto -- Old Republic Title
Salgado Roberto $457,000 Old Republic Title
Lankford Wilbert Glenn -- --
Lankford Wilbert $146,500 Orange Coast Title Company
Mangus Thomas W -- Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tanyi Lanston $622,500
Previous Owner Finrow Joseph A $513,750
Previous Owner Finrow Joseph A $323,800
Previous Owner Finrow Joseph A $126,000
Previous Owner Finrow Joseph A $328,400
Previous Owner Parish David Ashley $223,600
Previous Owner Parish David Ashley $227,750
Previous Owner Salgado Roberto $490,500
Previous Owner Salgado Roberto $411,300
Previous Owner Lankford Wilbert Glenn $380,000
Previous Owner Lankford Wilbert Glenn $208,000
Previous Owner Lankford Wilbert G $117,400
Previous Owner Lankford Wilbert $118,000
Previous Owner Mangus Thomas W $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2022 09/21/22 Sold $737,500 +6.1% $566 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $694,999 +27.5% $533 / Sq Ft
01/31/2018 01/31/18 Sold $545,000 +0.4% $418 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
01/12/2018 01/12/18 Price Changed $543,000 +1.5% $417 / Sq Ft
01/02/2018 01/02/18 For Sale $535,000 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,879 $767,295 $628,258 $139,037
2024 $7,879 $752,250 $615,939 $136,311
2023 $7,701 $737,500 $603,861 $133,639
2022 $6,117 $584,349 $455,182 $129,167
2021 $5,388 $572,892 $446,257 $126,635
2020 $5,958 $567,018 $441,681 $125,337
2019 $6,733 $555,900 $433,020 $122,880
2018 $6,057 $505,628 $351,386 $154,242
2017 $6,133 $495,714 $344,496 $151,218
2016 $6,063 $451,000 $317,385 $133,615
2015 $5,617 $401,850 $268,235 $133,615
2014 $5,608 $401,850 $268,235 $133,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22184672

California Regional Multiple Listing Service (CRMLS)

APN: 931-885-60