NOT LISTED FOR SALE

10 Picazo Unit 70 Rancho Santa Margarita, CA 92688

Estimated Value: $517,000 - $680,000

2 Beds
1.5 Baths
658 Sq Ft
$521/mo HOA Fee

Last Sold May 31, 2023

Last sale price $520,000 $790 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,936/month

9 Days on Market

Highlights

  • Updated Kitchen
  • Main Floor Bedroom
  • Neighborhood Views
  • Trabuco Mesa Elementary School Rated A
  • Quartz Countertops
  • 5-minute walk to Cielo Vista Park

About This Home

As of May 2023

This gorgeous condo located in the desirable Las Flores II community of Rancho Santa Margarita features two bedrooms, one and one-half bathrooms and has been extensively remodeled. Recent upgrades include newer Milgard windows, a fully upgraded kitchen with quartz countertops and a stylish backsplash, recessed lighting, appliances, soft-close cabinets and upgraded bathrooms. Other upgrades include five-inch baseboards, two-panel doors, luxury vinyl flooring, a tankless water heater, the AC condenser replaced in 2021, a newer dishwasher, closet doors, retractable screen door and a Pristine Hydro water system. This property is close to the community pool and spa and just down the street from the popular RSM lake. As a homeowner, you can also enjoy all the benefits of SAMLARC amenities available to you; including multiple pools, clubhouse and lake events, tennis/sports courts, playgrounds, parks, trails and so much more!

Last Agent to Sell the Property

Jay Hopping

Coldwell Banker Realty License #02027072 Listed on: 05/01/2023

Coldwell Banker Realty

Last Buyer's Agent

Amy Chang

Anvil Real Estate License #02145228

Anvil Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,496

Year Built

  • Built in 1987

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 658 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Living Room
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Quartz Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 1 Parking Space
  • 1 Detached Carport Space
  • Parking Available
  • Assigned Parking

Schools

  • Cielo Vista Elementary School
  • Rancho Santa Margarita Middle School
  • Trabuco Hills High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Water Purifier

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 12716
  • Assessor Parcel Number 93195462
  • $100 per year additional tax assessments

Community Details

Overview

  • 172 Units
  • Las Flores II Association, Phone Number (949) 716-3998
  • Samlarc Association
  • Powerstone HOA
  • Las Flores Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,496

Year Built

Built in 1987

Lot Details

0

HOA Fees

$521 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Refrigerator, Washer, Dryer, Water Filtration System
  • Property Attached: Yes
  • Subdivision Name Other: Las Flores (R2) (LF)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93195462
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 658.00 Square Feet
  • Interior Amenities: Quartz Counters, Stone Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 790.27
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Quartz Counters
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

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

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Water Purifier
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Stackable, 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
  • Association Fee: 440.00
  • Association #2 Fee: 81.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Las Flores II
  • Phone: 949-716-3998
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Hiking, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Powerstone

Schools

  • Elementary School: Cielo Vista
  • High School: Trabuco Hills
  • Middle Or Junior School: Rancho Santa Margarita
  • Elementary School #2: CIEVIS
  • High School2: TRAHIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Latitude Manual: 33.64739300

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 172
  • Number Of Units Total: 172

Tax Info

  • Tax Census Tract: 320.51
  • Tax Lot: 7
  • Tax Tract Number: 12716
  • TaxOtherAnnualAssessmentAmount: 100.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
May 23, 2023
Sold by
Deguire Laura D Hosking
Bought by
Stevenson Brian and Winchel Johanna
Seller's Agent
Jay Hopping
Coldwell Banker Realty
Buyer's Agent
Amy Chang
Anvil Real Estate
List Price
$520,000
Sold Price
$520,000
Views
46
Current Estimated Value
$562,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,101
Avg. Annual Appreciation
3.28%
Original Mortgage
$280,000
Outstanding Balance
$272,214
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$289,887

Purchase Details

Listed on
May 6, 2022
Closed on
May 26, 2022
Sold by
Deguire John E
Bought by
Deguire Laura D Hosking
Seller's Agent
Nada Vuksic
Coldwell Banker Realty
Buyer's Agent
Jay Hopping
Coldwell Banker Realty
List Price
$495,000
Sold Price
$520,000
Premium/Discount to List
$25,000
5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$360,000
Interest Rate
5%
Mortgage Type
Balloon

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 7, 2021
Sold by
Palaniappan Jasmin G
Bought by
Palaniappan Annamalai S
Seller's Agent
Danielle Corliss
Corliss Realty Inc
Buyer's Agent
Nada Vuksic
Coldwell Banker Realty
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.69%
Original Mortgage
$360,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2021
Closed on
Apr 26, 2021
Sold by
Steed William J and The Bill Steed Family Trust
Bought by
Palaniappan Annamalai S
Seller's Agent
Danielle Corliss
Corliss Realty Inc
Buyer's Agent
Nada Vuksic
Coldwell Banker Realty
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2020
Sold by
Steed William J and Steed Living Trust
Bought by
Steed William J and Bill Steed Family Trust

Purchase Details

Closed on
Dec 17, 2012
Sold by
Steed William J and Steed Carol A
Bought by
Steed William J and Steed Carol A

Purchase Details

Closed on
May 12, 2010
Sold by
Mendoza Andres
Bought by
Steed William J and Steed Carol A

Purchase Details

Closed on
May 13, 2005
Sold by
Case Kay
Bought by
Mendoza Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 1999
Sold by
Hud
Bought by
Case Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,900
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 1998
Sold by
Pnc Mtg Corp Of America
Bought by
Hud

Purchase Details

Closed on
Jul 8, 1998
Sold by
Janet Valentovich
Bought by
Pnc Mtg Corp Of America and Sears Mtg Corp
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
Stevenson Brian $520,000 Ticor Title
Deguire Laura D Hosking -- Equity Title
Palaniappan Annamalai S -- Fidelity Natl Ttl Orange Cnt
Palaniappan Annamalai S $400,000 Fidelity Natl Ttl Orange Cnt
Steed William J -- None Available
Steed William J -- None Available
Steed William J $155,000 California Title Company
Mendoza Andres $335,000 United Title Company
Case Kay $93,500 First American Title Ins Co
Hud -- --
Pnc Mtg Corp Of America $83,235 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stevenson Brian $280,000
Previous Owner Deguire Laura D Hosking $360,000
Previous Owner Palaniappan Annamalai S $360,000
Previous Owner Mendoza Andres $268,000
Previous Owner Case Kay $92,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2023 05/31/23 Sold $520,000 0.0% $790 / Sq Ft
05/11/2023 05/11/23 For Sale $520,000 0.0% $790 / Sq Ft
05/10/2023 05/10/23 Off Market $520,000 -- --
05/10/2023 05/10/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $520,000 0.0% $790 / Sq Ft
05/31/2022 05/31/22 Sold $520,000 +5.1% $790 / Sq Ft View Prior Sale
05/10/2022 05/10/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $495,000 +23.8% $752 / Sq Ft
05/17/2021 05/17/21 Sold $400,000 0.0% $608 / Sq Ft View Prior Sale
04/19/2021 04/19/21 Pending -- -- --
04/19/2021 04/19/21 Off Market $400,000 -- --
04/15/2021 04/15/21 For Sale $399,000 -- $606 / 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 $5,496 $541,008 $480,055 $60,953
2024 $5,496 $530,400 $470,642 $59,758
2023 $1,652 $157,580 $101,547 $56,033
2022 $4,285 $408,000 $355,154 $52,846
2021 $1,640 $190,799 $134,231 $56,568
2020 $1,991 $188,843 $132,855 $55,988
2019 $2,220 $185,141 $130,250 $54,891
2018 $2,188 $181,511 $127,696 $53,815
2017 $2,216 $177,952 $125,192 $52,760
2016 $2,441 $174,463 $122,737 $51,726
2015 $2,528 $171,843 $120,893 $50,950
2014 $2,483 $168,477 $118,525 $49,952
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23072471

California Regional Multiple Listing Service (CRMLS)

APN: 931-954-62