NOT LISTED FOR SALE

1515 Morro Way Lake Elsinore, CA 92530

Lake Edge Neighborhood

Estimated Value: $470,000 - $551,000

3 Beds
2 Baths
1,474 Sq Ft
$341/Sq Ft Est. Value

Last Sold March 18, 2013

Last sale price $141,000 $96 Per Sq Ft

Est. 256% increase in value since last sale

Current estimated payment $2,781/month

18 Days on Market

About This Home

As of March 2013

***ATTENTION INVESTORS*** This property is for you! Located off Grand just one block from the entry to the Ortega Highway, this property makes a great rental for commuters. This property has 3 bedrooms, 2 baths, over 1,400 sqft of living space and a covered patio in the backyard. This property is perfect for a buyer looking to purchase and make their own upgrades an repairs.

Last Agent to Sell the Property

Jason Harper

Harper Home Company License #01295882 Listed on: 02/16/2013

Last Buyer's Agent

RYAN COOK

RYAN COOK, BROKER License #01197109

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,829

Year Built

  • Built in 1980

Lot Details

  • 6,098

Parking

  • 2 Car Garage

Home Design

  • 1,474 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 6,098 Sq Ft Lot
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11048
  • Assessor Parcel Number 381331006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,829

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 381331006
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1474.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Price Per Square Foot: 95.66
  • Room Type: Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 11048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2018
Sold by
Tah 2015 1 Borrower Llc
Bought by
Tah 2018 1 Borrower Llc
Current Estimated Value
$502,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,965,000
Outstanding Balance
$292,364,185
Interest Rate
4.44%
Mortgage Type
Commercial
Estimated Equity
-$291,861,962

Purchase Details

Closed on
May 12, 2015
Sold by
Mckinley Holding I Lp
Bought by
Tah 2015-1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 16, 2013
Closed on
Mar 8, 2013
Sold by
Morequity Inc
Bought by
Mckinely Holding I Lp
Seller's Agent
Jason Harper
Harper Home Company
Buyer's Agent
RYAN COOK
RYAN COOK, BROKER
List Price
$135,000
Sold Price
$141,000
Premium/Discount to List
$6,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%

Purchase Details

Closed on
Sep 11, 2012
Sold by
Bardill Brett Alan
Bought by
Morequity Inc

Purchase Details

Closed on
Oct 30, 2006
Sold by
Bardill Brett Alan and Bardill Rita Marie
Bought by
Bardill Brett Alan

Purchase Details

Closed on
Nov 13, 2003
Sold by
Bardill Brett Alan and Bardill Rita Marie
Bought by
Bardill Brett Alan and Bardill Rita Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,750
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 1998
Sold by
Lillard Clinton R and Lillard Elizabeth F
Bought by
Bardill Brett Alan and Bardill Rita Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,820
Interest Rate
7.18%
Mortgage Type
VA

Purchase Details

Closed on
Jul 28, 1994
Sold by
Reichard Lori L
Bought by
Lillard Clinton R and Lillard Elizabeth F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.58%
Mortgage Type
Assumption

Purchase Details

Closed on
Sep 22, 1993
Sold by
Reichard Kenneth
Bought by
Reichard Kenneth and Reichard Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
7.13%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Tah 2018 1 Borrower Llc -- Os National Llc
Tah 2015-1 Borrower Llc -- None Available
Mckinely Holding I Lp $141,000 Fatco
Morequity Inc $130,000 None Available
Bardill Brett Alan -- United Title Company
Bardill Brett Alan -- United Title Company
Bardill Brett Alan -- Commonwealth Title
Bardill Brett Alan $91,000 Orange Coast Title
Lillard Clinton R $84,000 Orange Coast Title
Reichard Kenneth -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tah 2018 1 Borrower Llc $339,965,000
Previous Owner Tah 2015-1 Borrower Llc $380,274,000
Previous Owner Bardill Brett Alan $189,750
Previous Owner Bardill Brett Alan $92,820
Previous Owner Lillard Clinton R $84,000
Previous Owner Reichard Kenneth $87,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2013 03/18/13 Sold $141,000 +4.4% $96 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
02/16/2013 02/16/13 For Sale $135,000 -4.3% $92 / Sq Ft
02/09/2013 02/09/13 Off Market $141,000 -- --
01/31/2013 01/31/13 For Sale $135,000 -- $92 / 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 $1,829 $173,616 $49,250 $124,366
2023 $1,829 $166,877 $47,339 $119,538
2022 $1,772 $163,606 $46,411 $117,195
2021 $1,739 $160,399 $45,501 $114,898
2020 $1,722 $158,755 $45,035 $113,720
2019 $1,689 $155,643 $44,152 $111,491
2018 $1,658 $152,592 $43,287 $109,305
2017 $1,627 $149,601 $42,439 $107,162
2016 $1,569 $146,668 $41,607 $105,061
2015 $1,552 $144,467 $40,983 $103,484
2014 -- $141,639 $40,181 $101,458
Source: Public Records

Agents Affiliated with this Home

  • Jason Harper

    Seller's Agent in 2013

    Jason Harper

    Harper Home Company

    (619) 850-0330

    69 Total Sales

    Jason Harper
    Section Image

  • R

    Buyer's Agent in 2013

    RYAN COOK

    RYAN COOK, BROKER

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13013597

California Regional Multiple Listing Service (CRMLS)

APN: 381-331-006

California Riverside County Lake Elsinore 92530 Lake Edge

1515 Morro Way, Lake Elsinore, CA

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