NOT LISTED FOR SALE

1 Padre Place Ladera Ranch, CA 92694

Estimated Value: $2,946,000 - $3,521,558

5 Beds
6 Baths
4,639 Sq Ft
$699/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $1,800,000 $388 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $19,738/month

Highlights

  • Main Floor Primary Bedroom
  • Neighborhood Views
  • Community Fire Pit
  • Oso Grande Elementary School Rated A
  • Community Pool
  • Hiking Trails

About This Home

As of June 2020

Welcome to your new home in the exclusive and gate guarded neighborhood of Covenant Hills. This sophisticated Semi-Custom Spanish Revival contains privacy from nearly every room in the home with 20ft Vaulted ceilings, multiple sets of French Doors, and preferred sunset facing exposure. Enjoy a modern, refreshed open floorplan that is prime for entertaining large groups of guests as well as intimate family gatherings. This home contains newly upgraded White Oak flors, exterior and interior paint, new carpeting, landscape and more! The chef calibur kitchen is complete with a 48in Thermador Range, double oven, and built refridgerator, and gorgeous marble countertops. Downstairs there is an unrivaled master bedroom with a luxerious spa like bathroom with custom mirrors, and an elegant soaking tub. There are 2 additional en suite bedrooms plus a flex room that creates expansive single level living.Upstairs are 2 oversized ensuite bedrooms plus a large loft for comfortable living space. This home is situated on an expansive nearly 10,000sqft lot with broad space and built in entertaining areas including outdoor BBQ area and private courtyard. Additionally, this home comes with plans for a backyard pool, spa and hardscape. Additional features include newly PEX re-piping, plantation shutters, built in entertaining center, barn door in master, custom garage storage and more!

Last Agent to Sell the Property

Melissa Sorensen

Compass License #02008375 Listed on: 05/20/2020

Compass

Last Buyer's Agent

Ashley Larsen

Compass License #02079036

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,295

Year Built

  • Built in 2006

Lot Details

  • 9,670 Sq Ft Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $431 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Planned Development

Interior Spaces

  • 4,639 Sq Ft Home
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Neighborhood Views
  • Six Burner Stove
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 6 Full Bathrooms
  • Bathtub

Schools

  • Oso Grande Elementary School
  • Ladera Ranch Middle School
  • San Juan Hills High School

Additional Features

  • Exterior Lighting
  • Two cooling system units

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 15985
  • Assessor Parcel Number 74126219

Community Details

Overview

  • Fsresidential Association, Phone Number (949) 218-0900
  • Larmac HOA

Amenities

  • Community Fire Pit

Recreation

  • Community Pool
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,295

Year Built

Built in 2006

Lot Details

0

HOA Fees

$431 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Covenant Hills Custom Homes (COVC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 74126219
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4639.00 Square Feet
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace Features: Dining Room, Family Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 388.01
  • Room Type: Main Floor Master Bedroom
  • Bathroom Features: Bathtub

Exterior Features

  • View: Neighborhood
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Fire Pit
  • Association Fee: 431.00
  • Association Fee Frequency: Monthly
  • Association Name: FsResidential
  • Phone: 9492180900
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Hiking, Street Lights
  • Association Management: larmac

Schools

  • School District: Capistrano Unified
  • Elementary School: Oso Grande
  • Middle School: Ladera Ranch
  • High School: San Juan Hills
  • Elementary School: Oso Grande
  • High School: San Juan Hills
  • Middle Or Junior School: Ladera Ranch
  • Elementary School #2: OSOGRA
  • High School2: SAJUHI

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9670.00
  • Lot Size Acres: 0.2220

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9670.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 320.58
  • Tax Lot: 1
  • Tax Tract Number: 15985

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Bruce Tracy
Bought by
Bruce Leland and Bruce Tracy
Current Estimated Value
$3,099,074

Purchase Details

Listed on
May 20, 2020
Closed on
May 26, 2020
Sold by
Bgrs Llc
Bought by
Bruce Leland and Bruce Tracy
Seller's Agent
Melissa Sorensen
Compass
Buyer's Agent
Ashley Larsen
Compass
List Price
$1,800,000
Sold Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Original Mortgage
$1,000,000
Outstanding Balance
$904,389
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$2,100,516

Purchase Details

Listed on
May 20, 2020
Closed on
May 15, 2020
Sold by
Frost John R and Frost Martha S
Bought by
Bgrs Llc
Seller's Agent
Melissa Sorensen
Compass
Buyer's Agent
Ashley Larsen
Compass
List Price
$1,800,000
Sold Price
$1,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$904,389
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$2,100,516

Purchase Details

Listed on
Mar 21, 2018
Closed on
May 12, 2018
Sold by
Arora Sanjiv and Arora Sanjula
Bought by
Frost John R and Frost Martha S
Seller's Agent
CaLee McManus
Monarch Real Estate
Buyer's Agent
Carissa Fetters
Veranda Realty
List Price
$1,649,999
Sold Price
$1,585,000
Premium/Discount to List
-$64,999
-3.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$1,347,250
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 14, 2011
Sold by
Jakubowski J David and Jakubowski Cara E
Bought by
Arora Sanjiv and Arora Sanjula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2008
Sold by
Cole Gabriel and Cole Chadnie
Bought by
Jakubowski J David and Jakubowski Cara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2006
Sold by
Wl Homes Llc
Bought by
Cole Gabriel and Cole Chadnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,292,100
Interest Rate
1.25%
Mortgage Type
Negative Amortization
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
Bruce Leland -- None Available
Bruce Leland -- None Available
Bruce Leland -- None Available
Bruce Leland -- None Available
Bruce Leland $1,800,000 Fidelity National Title
Bgrs Llc $1,800,000 Fidelity National Title Co
Frost John R $1,585,000 Equity Title
Arora Sanjiv $1,180,000 Fnt
Jakubowski J David $1,590,000 California Title Company
Cole Gabriel $1,615,500 Fidelity National Title-Buil
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruce Leland $1,000,000
Previous Owner Frost John R $1,347,250
Previous Owner Arora Sanjiv $400,000
Previous Owner Jakubowski John D $50,000
Previous Owner Jakubowski J David $1,000,000
Previous Owner Cole Gabriel G $227,600
Previous Owner Cole Gabriel $1,292,100
Previous Owner Cole Gabriel $161,513
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2020 06/18/20 Sold $1,800,000 0.0% $388 / Sq Ft
05/20/2020 05/20/20 For Sale $1,800,000 +13.6% $388 / Sq Ft
06/28/2018 06/28/18 Sold $1,585,000 -0.9% $337 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/01/2018 05/01/18 Price Changed $1,599,999 -1.5% $340 / Sq Ft
04/09/2018 04/09/18 Price Changed $1,624,999 -1.5% $346 / Sq Ft
03/21/2018 03/21/18 For Sale $1,649,999 -- $351 / 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
2024 $26,295 $1,967,208 $648,390 $1,318,818
2023 $25,798 $1,928,636 $635,677 $1,292,959
2022 $25,608 $1,890,820 $623,213 $1,267,607
2021 $24,830 $1,818,648 $610,994 $1,207,654
2020 $23,037 $1,649,034 $550,025 $1,099,009
2019 $22,892 $1,616,700 $539,240 $1,077,460
2018 $19,683 $1,302,608 $292,048 $1,010,560
2017 $19,522 $1,277,067 $286,321 $990,746
2016 $19,458 $1,252,027 $280,707 $971,320
2015 $19,595 $1,233,221 $276,491 $956,730
2014 $19,673 $1,209,064 $271,075 $937,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20096240

California Regional Multiple Listing Service (CRMLS)

APN: 741-262-19