NOT LISTED FOR SALE

1 Palmera Unit 58 Rancho Santa Margarita, CA 92688

Estimated Value: $840,000 - $920,000

2 Beds
2.5 Baths
1,306 Sq Ft
$670/Sq Ft Est. Value

Last Sold November 07, 2022

Last sale price $749,500 $574 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,765/month

8 Days on Market

Highlights

  • Access To Lake
  • Spa
  • Updated Kitchen
  • Trabuco Mesa Elementary School Rated A
  • Across the Road from Lake or Ocean
  • 3-minute walk to Rancho Santa Margarita Lake Park

About This Home

As of November 2022

Welcome to your next home! Where do I begin with the description? Should we start with the fact that you are about a three-minute walk to the Santa Margarita Lake and Beach Club and can enjoy all the benefits of lake living? Or should I start with the fact that you have over 1,300 square feet of living space and TWO enclosed outdoor living spaces? So much to share! This Floramar beauty feels like a single-family home and even has a charming white fence around it! This amazing two-story, 2 bedroom and 2.5 bathroom home has been nicely upgraded featuring upgraded kitchen with granite counters, shaker cabinets with upgraded brushed nickel hardware, pull-out storage in cabinets, decorative paneled ceiling, recessed lighting and a large walk-in pantry. Separate eating area next to the kitchen with plenty of light and ambiance that will invite you to sit down with your loved ones and chat about the day. The spacious living room offers a cozy fireplace with ice fire glass, surround sound ready, recessed and artwork lighting, and crown moldings. Upstairs enjoy dual primary suites with private bathrooms and walk-in closets with organizers. The main primary suite additionally offers vaulted ceilings, balcony and dual vanity in the bathroom. Throughout you’ll find Brazilian cherry wood floors, multiple ceiling fans, plus newer vinyl dual-paned windows and sliders. Moving to the outdoors, we have the first outdoor living area located next to the kitchen and eating area. This is truly a private quaint area that could be used for gardening, exercise, meditation, relaxing or just enjoying the beautiful California weather. The second very large outdoor area is off the main living area on the other side of the home and this is where I imagine the BBQing would happen with a nice lounge area and even a table for eating. Or maybe you could make it a game area with a ping pong table! The two-car garage has plenty of storage with rafter access for extra storage and a driveway that can fit two cars as well. Washer, Dryer & Fridge included! Samlarc Parks & Recreation offer resort-inspired community with private access to features such as pristine landscaped grounds, 5 sparkling pools/spas, gym, playgrounds, luxury clubrooms, barbecues, picnic areas, boating, fishing & kayaking and more. Super close proximity to Award Winning Schools, Shopping, 241 Toll Road, Restaurants and more. FHA & VA approved and No Mello Roos.

Last Agent to Sell the Property

Jennifer Castaneda

Berkshire Hathaway HomeService License #01357971 Listed on: 09/28/2022

Berkshire Hathaway HomeService

Last Buyer's Agent

Kurt Hagel

First Team Real Estate License #01867915

First Team Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,007

Year Built

  • Built in 1986

Lot Details

  • 1 Common Wall
  • Wood Fence
  • Pipe Fencing
  • Fence is in good condition
  • Back Yard

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Spanish Architecture
  • Turnkey

Interior Spaces

  • 1,306 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Walk-In Pantry
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Self-Closing Drawers
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Remodeled Bathroom
  • Makeup or Vanity Space
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Access To Lake
  • Lake Privileges
  • Enclosed Patio or Porch
  • Exterior Lighting

Schools

  • Trabuco Mesa Elementary School
  • Rancho Santa Margarita Middle School
  • Trabucco Hills High School

Additional Features

  • Across the Road from Lake or Ocean
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 12459
  • Assessor Parcel Number 93188508
  • $16 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails
  • Bike Trail

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,007

Year Built

Built in 1986

Lot Details

0

HOA Fees

$339 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: washer, dryer, refrigerator
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Floramar (FM)
  • View: No
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 93188508
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1306.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Separated
  • Fireplace Features: Gas, Gas Starter
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 573.89
  • Room Type: All Bedrooms Up, Kitchen
  • Spa Features: Community
  • Window Features: Blinds, Double Pane Windows, Drapes
  • Bathroom Features: Bidet, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Privacy Toilet Door, Remodeled, Vanity Area
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Good Condition, Pipe, Wood
  • Patio And Porch Features: Enclosed, Front Porch, Rear Porch
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Disposal, Ice Maker, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, In Garage, Washer Included
  • 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, Playground, Sport Court, Biking Trails, Hiking Trails, Clubhouse, Maintenance Grounds, Call for Rules
  • 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: Curbs, Lake, Park, Sidewalks, Street Lights
  • Association Management: Powerstone

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Trabuco Mesa
  • Middle School: Rancho Santa Margarita
  • High School: Trabucco Hills
  • Elementary School: Trabuco Mesa
  • High School: Trabucco Hills
  • Middle Or Junior School: Rancho Santa Margarita
  • Elementary School #2: TRAMES
  • High School2: TRAHIL2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 112
  • Number Of Units Total: 1
  • Waterfront Features: Across the Road from Lake/Ocean, Lake, Lake Privileges

Tax Info

  • Tax Census Tract: 320.51
  • Tax Lot: 3
  • Tax Tract Number: 12459
  • TaxOtherAnnualAssessmentAmount: 15.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Oct 14, 2022
Sold by
Dicaprio John
Bought by
Heidari Nader
Seller's Agent
Jennifer Castaneda
Berkshire Hathaway HomeService
Buyer's Agent
Kurt Hagel
First Team Real Estate
List Price
$749,000
Sold Price
$749,500
Premium/Discount to List
$500
0.07%
Views
5
Current Estimated Value
$875,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,590
Avg. Annual Appreciation
5.67%
Original Mortgage
$599,600
Outstanding Balance
$579,173
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$295,917

Purchase Details

Listed on
Aug 22, 2019
Closed on
Sep 27, 2019
Sold by
Dempsey Kevin M and Dempsey Donna Margaret
Bought by
Dicaprio John
Seller's Agent
Lisa Wood-Russo
First Team Real Estate
Buyer's Agent
Cheryl Newton
Berkshire Hathaway HomeService
List Price
$569,900
Sold Price
$550,000
Premium/Discount to List
-$19,900
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.68%

Purchase Details

Closed on
Feb 11, 2014
Sold by
Dempsey Kevin M
Bought by
Dempsey Private Trust

Purchase Details

Closed on
May 31, 2013
Sold by
Dempsey Kevin M and Dempsey Donna Margaret
Bought by
Dempsey Donna Margaret and Dempsey Kevin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2012
Sold by
Dempsey Kevin M
Bought by
Dempsey Donna Margaret and Dempsey Kevin M

Purchase Details

Listed on
Feb 27, 2012
Closed on
Apr 10, 2012
Sold by
Dempsey Donna Margaret
Bought by
Dempsey Kevin M
Seller's Agent
Amy Mosley
Coldwell Banker Realty
Buyer's Agent
Betty Drader
Realty One Group West
List Price
$305,000
Sold Price
$316,000
Premium/Discount to List
$11,000
3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.92%
Original Mortgage
$284,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 27, 2012
Closed on
Mar 8, 2012
Sold by
Ralston Sarah J and Ralston Max C
Bought by
Dempsey Kevin M
Seller's Agent
Amy Mosley
Coldwell Banker Realty
Buyer's Agent
Betty Drader
Realty One Group West
List Price
$305,000
Sold Price
$316,000
Premium/Discount to List
$11,000
3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2010
Sold by
Wilmoth Deborah S
Bought by
Ralston Sarah J and Ralston Max C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,367
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2001
Sold by
Wilmoth Deborah S and Ex Deborah
Bought by
Wilmoth Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,250
Interest Rate
6.84%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 11, 2000
Sold by
Wynns John G and Wynns Dorothy F
Bought by
Ex Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.11%
Mortgage Type
Stand Alone First
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
Heidari Nader $749,500 Lawyers Title
Dicaprio John $550,000 Western Resources Title Co
Dempsey Private Trust -- None Available
Dempsey Donna Margaret -- Ticor Title Co Of California
Dempsey Kevin M -- Ticor Title Company Of Ca
Dempsey Donna Margaret -- None Available
Dempsey Kevin M -- None Available
Dempsey Kevin M $316,000 California Title Company
Ralston Sarah J $311,000 Chicago Title Company
Wilmoth Deborah S -- Fidelity National Title Ins
Ex Deborah $216,500 Commonwealth Land Title
Ex Deborah -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heidari Nader $599,600
Previous Owner Dempsey Kevin M $312,000
Previous Owner Dempsey Kevin M $284,000
Previous Owner Ralston Sarah J $305,367
Previous Owner Wilmoth Deborah S $50,000
Previous Owner Wilmoth Deborah S $50,000
Previous Owner Wilmoth Deborah S $357,000
Previous Owner Wilmoth Deborah S $297,000
Previous Owner Wilmoth Deborah S $250,000
Previous Owner Wilmoth Deborah S $228,000
Previous Owner Wilmoth Deborah S $12,000
Previous Owner Wilmoth Deborah S $256,250
Previous Owner Ex Deborah $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2022 11/07/22 Sold $749,500 +0.1% $574 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/28/2022 09/28/22 For Sale $749,000 +36.2% $574 / Sq Ft
10/21/2019 10/21/19 Sold $550,000 -1.8% $421 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/18/2019 09/18/19 Price Changed $560,000 -1.7% $429 / Sq Ft
08/22/2019 08/22/19 For Sale $569,900 +80.3% $436 / Sq Ft
04/20/2012 04/20/12 Sold $316,000 +3.6% $243 / Sq Ft
03/07/2012 03/07/12 Pending -- -- --
02/27/2012 02/27/12 For Sale $305,000 -- $234 / 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 $8,007 $779,779 $636,775 $143,004
2024 $8,007 $764,490 $624,290 $140,200
2023 $7,826 $749,500 $612,049 $137,451
2022 $5,861 $566,811 $434,109 $132,702
2021 $5,134 $555,698 $425,598 $130,100
2020 $5,706 $550,000 $421,234 $128,766
2019 $4,130 $355,808 $228,675 $127,133
2018 $4,068 $348,832 $224,191 $124,641
2017 $4,110 $341,993 $219,795 $122,198
2016 $4,483 $335,288 $215,486 $119,802
2015 $4,615 $330,252 $212,249 $118,003
2014 $4,529 $323,783 $208,091 $115,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22207861

California Regional Multiple Listing Service (CRMLS)

APN: 931-885-08