NOT LISTED FOR SALE

Estimated Value: $808,211 - $1,053,000

2 Beds
2 Baths
1,130 Sq Ft
$422/mo HOA Fee

Last Sold June 02, 2016

Last sale price $461,000 $408 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $5,756/month

114 Days on Market

Highlights

  • 24-Hour Security
  • In Ground Pool
  • End Unit
  • John Malcom Elementary School Rated A
  • Clubhouse
  • Central Air

About This Home

As of June 2016

No stairs located on street level with nice patio, this condo has 2 large bedrooms, one with a walk in closet in the master. Large second bedroom and bath. Spacious kitchen with tons of cabinets and plenty of counter space. Amazing location less than 5,000 feet from the Salt Creek Beach. This home provides 24 hour guarded security at Ritz Point. The Amenities are beautiful with a club house, pool walking trails. STREET LEVEL ENTRY with no flights of stairs. This unit has wood tile floors in the living areas and Granite Tile in the bathrooms and kitchen. All the Windows have plantation shutters. This is an excellent opportunity for affordable living at a world famous beach environment. HOA has updated the community facilities. Pool area, spa areas, work-out area and clubhouse have all been renovated. Spa areas have ocean views. Living the Dream!!! You too can live at the BEACH at a affordable price!!!

Last Agent to Sell the Property

Cooper Hanning

Harcourts Prime Properties License #01438603 Listed on: 01/09/2016

Harcourts Prime Properties

Last Buyer's Agent

Jacob Raabe

eXp Realty of Greater Los Angeles, Inc. License #01909672

eXp Realty of Greater Los Angeles, Inc.

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1988

Lot Details

  • End Unit
  • No Units Located Below
  • 1 Common Wall

HOA Fees

Interior Spaces

  • 1,130 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Carport
  • Parking Available
  • Automatic Gate

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13434
  • Assessor Parcel Number 93936559

Community Details

Overview

  • 325 Units
  • Keystone Professional Property Management Association
  • Action "Gate" Association

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • 24-Hour Security

Property Details

Home Type

Condominium

Year Built

Built in 1988

Lot Details

0

HOA Fees

$422 per month

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Automatic Gate, Gated with Guard
  • Subdivision Name Other: Monarch Hills Condos (MHC)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93936559
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1130.00
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall, End Unit, No One Below
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 407.96
  • Room Type: All Bedrooms Down, Family Room, Main Floor Master Bedroom
  • Spa Features: Association

Exterior Features

  • Pool Features: Association, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Utilities: Sewer Available, Water Available
  • Appliances: Dishwasher, Electric Cooktop
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Action - "Gate"
  • Amenities: Clubhouse, Pool, Security, Spa/Hot Tub, Water
  • Association Fee: 345.00
  • Association #2 Fee: 77.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Keystone Professional Property Management
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 325
  • Number Of Units Total: 325

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 13434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2020
Sold by
Raabe Donald C and Becker Raabe Wendy
Bought by
Raabe Donald C and Becker Raabe Wendy
Current Estimated Value
$933,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$305,597
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$627,956

Purchase Details

Listed on
Jan 9, 2016
Closed on
May 25, 2016
Sold by
Fuller Elena Alexandrovna
Bought by
Becker Raabe Family Trust
Seller's Agent
Cooper Hanning
Harcourts Prime Properties
Buyer's Agent
Jacob Raabe
eXp Realty of Greater Los Angeles, Inc.
List Price
$479,000
Sold Price
$461,000
Premium/Discount to List
-$18,000
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$368,800
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2013
Closed on
Sep 23, 2013
Sold by
Fuller Jerry
Bought by
Fuller Elena Alexandrovna
Seller's Agent
Ginger Sherman
Ginger Sherman Realty
Buyer's Agent
Fredda Trehub
Mouw, Michael H.
List Price
$435,000
Sold Price
$403,500
Premium/Discount to List
-$31,500
-7.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%

Purchase Details

Listed on
Jul 20, 2013
Closed on
Sep 11, 2013
Sold by
Hermosillo Jaime J and Hermosillo Elizabeth A
Bought by
Fuller Elena Alexandrovna
Seller's Agent
Ginger Sherman
Ginger Sherman Realty
Buyer's Agent
Fredda Trehub
Mouw, Michael H.
List Price
$435,000
Sold Price
$403,500
Premium/Discount to List
-$31,500
-7.24%

Purchase Details

Closed on
Jul 8, 2006
Sold by
Hermosillo Jaime J and Hermosillo Elizabeth A
Bought by
Hermosillo Jaime J and Hermosillo Elizabeth A

Purchase Details

Closed on
Jan 10, 2003
Sold by
Olhoffer Cynthia A
Bought by
Hermosillo Jaime J and Hermosillo Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.88%

Purchase Details

Closed on
Aug 24, 1998
Sold by
Olhoffer Richard C and Olhoffer Margaret S
Bought by
Olhoffer Cynthia A

Purchase Details

Closed on
Dec 13, 1994
Sold by
Olhoffer Cynthia A and Olhoffer Richard C
Bought by
Olhoffer Margaret S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,900
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Raabe Donald C -- Fidelity National Title Co
Becker Raabe Family Trust $461,000 Lawyers Title Insurance Corp
Fuller Elena Alexandrovna -- Chicago Title Company
Fuller Elena Alexandrovna $403,500 Chicago Title Company
Hermosillo Jaime J -- None Available
Hermosillo Jaime J $290,000 Equity Title Company
Olhoffer Cynthia A -- --
Olhoffer Margaret S $125,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raabe Donald C $345,000
Closed Becker Raabe Family Trust $368,800
Previous Owner Hermosillo Jaime J $232,000
Previous Owner Olhoffer Margaret S $99,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2016 06/02/16 Sold $461,000 -3.8% $408 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
03/13/2016 03/13/16 For Sale $479,000 0.0% $424 / Sq Ft
02/14/2016 02/14/16 Pending -- -- --
01/09/2016 01/09/16 For Sale $479,000 +18.7% $424 / Sq Ft
10/08/2013 10/08/13 Sold $403,500 -0.4% $336 / Sq Ft View Prior Sale
08/24/2013 08/24/13 Price Changed $405,000 -6.9% $338 / Sq Ft
07/20/2013 07/20/13 For Sale $435,000 -- $363 / 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 $5,996 $545,727 $410,270 $135,457
2024 $5,996 $535,027 $402,226 $132,801
2023 $5,821 $524,537 $394,339 $130,198
2022 $5,665 $514,252 $386,606 $127,646
2021 $5,537 $504,169 $379,025 $125,144
2020 $5,515 $499,000 $375,139 $123,861
2019 $5,403 $489,216 $367,783 $121,433
2018 $5,283 $479,624 $360,572 $119,052
2017 $5,161 $470,220 $353,502 $116,718
2016 $4,613 $417,837 $301,138 $116,699
2015 $4,440 $411,561 $296,614 $114,947
2014 $4,362 $403,500 $290,804 $112,696
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16004942

California Regional Multiple Listing Service (CRMLS)

APN: 939-365-59