NOT LISTED FOR SALE

101 Tierra Plano Unit 5 Rancho Santa Margarita, CA 92688

Estimated Value: $790,000 - $826,000

2 Beds
2 Baths
1,261 Sq Ft
$379/mo HOA Fee

Last Sold July 02, 2020

Last sale price $520,000 $412 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,248/month

2 Days on Market

Highlights

  • Spa
  • No Units Above
  • View of Trees or Woods
  • Melinda Heights Elementary School Rated A-
  • Primary Bedroom Suite
  • Updated Kitchen

About This Home

As of July 2020

Welcome to this model perfect 2 bedroom, 2 bath condo + Loft located in the highly desirable Melinda Heights. As you enter the main level you are greeted by an abundance of windows and soaring vaulted ceilings providing ample natural light. The upgraded contemporary kitchen is like a showroom featuring granite countertops, and beautiful stainless steel appliances. Upgraded bathroom with newer vanities and fixture. Direct access oversized two car garage with plenty of storage cabinets and a large added storage area under the stairwell. Entertain on the expansive wrap around balcony with room for a large table and BBQ. Walk to award winning Melinda Heights Elementary School, Solano and Altisima Parks.

Last Agent to Sell the Property

Matthew Mattera

Allison James Estates & Homes License #02042429 Listed on: 05/20/2020

Allison James Estates & Homes

Last Buyer's Agent

Mark Torres

Empire Realty License #01731959

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,766

Year Built

  • Built in 1996

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Woods
  • Park or Greenbelt

Interior Spaces

  • 1,261 Sq Ft Home
  • Open Floorplan
  • Dual Staircase
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Loft
  • Storage

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Convection Oven
  • Gas Oven
  • Gas Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Pots and Pans Drawers
  • Built-In Trash or Recycling Cabinet
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Spa
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Schools

  • Melinda Heights Elementary School
  • Trabuco Hills High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 14764
  • Assessor Parcel Number 93812240

Community Details

Overview

  • 205 Units
  • Tierra Montanosa Association, Phone Number (800) 428-5588
  • Samlarc Association
  • First Service Residential HOA
  • Community Lake
  • Mountainous Community

Amenities

  • Banquet Facilities

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa
  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,766

Year Built

Built in 1996

Lot Details

0

HOA Fees

$379 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Tierra Montanosa (TIEM)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93812240
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1261.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Storage
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Gas
  • Levels: Three Or More
  • Price Per Square Foot: 412.37
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Loft, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s)
  • Room Kitchen Features: Built-In Trash/Recycling, Granite Counters, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Park/Greenbelt, Trees/Woods
  • Patio And Porch Features: Covered, Deck
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Line to Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: SAMLARC
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s), Banquet Facilities
  • Association Fee: 313.00
  • Association #2 Fee: 66.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Tierra Montanosa
  • Phone: 800-428-5588
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters, Lake, Park, Mountainous, Storm Drains, Street Lights, Suburban
  • Association Management: First Service Residential

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Melinda Heights
  • High School: Trabuco Hills
  • Elementary School: Melinda Heights
  • High School: Trabuco Hills
  • Elementary School #2: MELHEI
  • High School2: TRAHIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 205
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 14764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2021
Sold by
Arce Victor M
Bought by
Arce Victor M and Lopez Myrna E
Current Estimated Value
$805,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,500
Outstanding Balance
$467,132
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$314,020

Purchase Details

Listed on
May 20, 2020
Closed on
Jun 18, 2020
Sold by
Lopez Myrna Elizabeth
Bought by
Arce Victor M
Seller's Agent
Matthew Mattera
Allison James Estates & Homes
Buyer's Agent
Mark Torres
Empire Realty
List Price
$509,999
Sold Price
$520,000
Premium/Discount to List
$10,001
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$504,400
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 20, 2020
Closed on
Jun 1, 2020
Sold by
Shapiro Amanda Kay and The Amanda Kay Shapiro Trust
Bought by
Arce Victor M
Seller's Agent
Matthew Mattera
Allison James Estates & Homes
Buyer's Agent
Mark Torres
Empire Realty
List Price
$509,999
Sold Price
$520,000
Premium/Discount to List
$10,001
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,400
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2019
Sold by
Shapiro Amanda Kay and Amanda Kay Shapiro Trust
Bought by
Shapiro Matthew A and Shapiro Amanda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
3.6%

Purchase Details

Closed on
Nov 5, 2019
Sold by
Shapiro Matthew A and Shapiro Amanda K
Bought by
Shapiro Amanda Kay and Amanda Kay Shapiro Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
3.6%

Purchase Details

Closed on
Oct 18, 2019
Sold by
Shapiro Matthew A
Bought by
Shapiro Matthew and Ninja Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
3.6%

Purchase Details

Listed on
Mar 16, 2017
Closed on
Mar 28, 2017
Sold by
Montoya Vincent and Montoya Bianca
Bought by
Shapiro Matthew A and Wilson Amanda
Seller's Agent
Justin VanLeeuwen
Landmark Realtors
Buyer's Agent
Michelle Mattera
Allison James Estates & Homes
List Price
$465,000
Sold Price
$475,000
Premium/Discount to List
$10,000
2.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$451,250
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2015
Sold by
Montoya Vincent and Montoya Bianca
Bought by
Montoya Vincent and Montoya Bianca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2007
Sold by
Remm Steven and Remm Jan
Bought by
Montoya Vince and Montoya Bianca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
7.87%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 21, 2004
Sold by
Stevenson Robert L
Bought by
Remm Steven and Remm Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2001
Sold by
Steveson Debbie A
Bought by
Stevenson Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.87%

Purchase Details

Closed on
Jun 7, 1995
Sold by
Tierra Ltd
Bought by
Stevenson Robert L and Stevenson Debbie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,157
Interest Rate
8.36%
Mortgage Type
Assumption
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
Arce Victor M -- Ticor Title
Arce Victor M -- Stewart Title
Arce Victor M $520,000 Stewart Title
Shapiro Matthew A -- Wfg National Title Co Of Ca
Shapiro Amanda Kay -- Wfg Title Company Of Ca
Shapiro Matthew -- None Available
Shapiro Amanda Kay -- None Available
Shapiro Matthew A $475,000 Fidelity National Title
Montoya Vincent -- Ortc
Montoya Vince $460,000 First American Title Co
Remm Steven $430,000 Alliance Title
Stevenson Robert L -- American Title Co
Stevenson Robert L $139,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arce Victor M $511,500
Closed Arce Victor M $504,400
Previous Owner Shapiro Matthew A $436,000
Previous Owner Shapiro Matthew A $451,250
Previous Owner Montoya Vincent $354,400
Previous Owner Montoya Vincent $328,500
Previous Owner Montoya Vince $69,000
Previous Owner Montoya Vince $368,000
Previous Owner Remm Steven $322,500
Previous Owner Stevenson Robert L $214,400
Previous Owner Stevenson Robert L $170,000
Previous Owner Stevenson Robert L $142,157
Closed Remm Steven $107,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2020 07/02/20 Sold $520,000 +2.0% $412 / Sq Ft
05/20/2020 05/20/20 For Sale $509,999 +7.4% $404 / Sq Ft
05/02/2017 05/02/17 Sold $475,000 +2.2% $377 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $465,000 -- $369 / 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 $5,766 $562,864 $395,939 $166,925
2024 $5,766 $551,828 $388,176 $163,652
2023 $5,633 $541,008 $380,564 $160,444
2022 $5,540 $530,400 $373,101 $157,299
2021 $5,408 $520,000 $365,785 $154,215
2020 $5,285 $504,073 $355,991 $148,082
2019 $5,773 $494,190 $349,011 $145,179
2018 $6,187 $484,500 $342,167 $142,333
2017 $5,858 $432,480 $265,262 $167,218
2016 $5,888 $424,000 $260,060 $163,940
2015 $5,158 $373,000 $209,060 $163,940
2014 $5,180 $347,800 $183,860 $163,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20094958

California Regional Multiple Listing Service (CRMLS)

APN: 938-122-40