NOT LISTED FOR SALE

1545 Morro Way Lake Elsinore, CA 92530

Lake Edge Neighborhood

Estimated Value: $468,000 - $595,000

4 Beds
2 Baths
1,474 Sq Ft
$369/Sq Ft Est. Value

Last Sold January 13, 2021

Last sale price $370,000 $251 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,187/month

6 Days on Market

Highlights

  • Community Lake
  • No HOA
  • Laundry Room
  • Lawn
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of January 2021

Single story with large family room and kitchen area. Lake view from front of house. No homes behind, private. Large covered patio in back. Ready for immediate move-in. Home has tons of upgrades, including new windows, HVAC (only a year old) and solar panels. Solar panels will be paid off at closing. The kitchen was also recently remodeled with upgraded cabinets and new stainless-steel appliances. The home features a 2-car garage and RV parking. Easily Accessible to Ortega Highway as well as the 15 Freeway. Only 40 minutes to Orange County. No HOA and Low tax area.

Last Agent to Sell the Property

Lisa Riess

ALLISON JAMES EST. & HOMES License #01151407 Listed on: 12/01/2020

Last Buyer's Agent

Sandra Garcia

Sandra Garcia, Broker License #01366220

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,118

Year Built

  • Built in 1980

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Lawn
  • Front Yard
  • Property is zoned R3

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,474 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • Community Lake

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 11048
  • Assessor Parcel Number 381331008

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,118

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: R3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 381331008
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1474.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 251.02
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Lake, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street, Lot 6500-9999
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 464.01
  • Tax Lot: 4
  • Tax Tract Number: 11048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Jan 11, 2021
Sold by
Guillen Estela C
Bought by
Guillen Jose M
Seller's Agent
Lisa Riess
ALLISON JAMES EST. & HOMES
Buyer's Agent
Sandra Garcia
Sandra Garcia, Broker
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%
Current Estimated Value
$543,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,320
Avg. Annual Appreciation
8.35%
Original Mortgage
$357,651
Outstanding Balance
$319,205
Interest Rate
2.71%
Mortgage Type
FHA
Estimated Equity
$224,115

Purchase Details

Listed on
Dec 1, 2020
Closed on
Dec 9, 2020
Sold by
Sandstrom Jason Allen and Sandstrom Vanessa Jane
Bought by
Guillen Jose M and Guillen Miriam M
Seller's Agent
Lisa Riess
ALLISON JAMES EST. & HOMES
Buyer's Agent
Sandra Garcia
Sandra Garcia, Broker
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,651
Outstanding Balance
$319,205
Interest Rate
2.71%
Mortgage Type
FHA
Estimated Equity
$224,115

Purchase Details

Closed on
Jun 24, 2009
Sold by
Sandstrom Jason Allen and Sandstrom Vanessa Jane
Bought by
Sandstrom Jason Allen and Sandstrom Vanessa Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,314
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 4, 2008
Sold by
Avelo Mortgage Llc
Bought by
Sandstrom Jason Allen and Carpenter Vanessa Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,694
Interest Rate
6.51%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2008
Sold by
Echeverria Juan
Bought by
Avelo Mortgage Llc

Purchase Details

Closed on
Feb 15, 2006
Sold by
Okamoto Simeon Vavao and Okamoto Nichole L Vavao
Bought by
Echeverria Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2003
Sold by
Okamoto Simeon Vavao
Bought by
Okamoto Simeon Vavao and Okamoto Nichole L Vavao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,757
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2003
Sold by
Vavao Okamoto Nicole L
Bought by
Okamoto Simeon Vavao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,210
Interest Rate
7.5%

Purchase Details

Closed on
Feb 20, 2003
Sold by
Mazins John Rj and Mazins Wendy
Bought by
Vavao Okamoto Simeon and Vavao Okamoto Nichole L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,210
Interest Rate
7.5%

Purchase Details

Closed on
Mar 27, 2000
Sold by
Robertson Thomas A and Robertson Debra
Bought by
Mazins John Rj and Mazins Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,990
Interest Rate
8.27%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Guillen Jose M -- Orange Coast Title
Guillen Jose M $370,000 Lawyers Title
Sandstrom Jason Allen -- Fidelity National Title Co
Sandstrom Jason Allen $177,000 Lsi Title
Avelo Mortgage Llc $129,000 None Available
Echeverria Juan $380,000 Fidelity National Title Co
Okamoto Simeon Vavao -- Commerce Title Company
Okamoto Simeon Vavao -- Orange Coast Title Co
Vavao Okamoto Simeon $177,000 Orange Coast Title Company
Mazins John Rj $121,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guillen Jose M $357,651
Previous Owner Sandstrom Jason Allen $177,314
Previous Owner Sandstrom Jason Allen $174,694
Previous Owner Echeverria Juan $304,000
Previous Owner Okamoto Simeon Vavao $190,757
Previous Owner Vavao Okamoto Simeon $159,210
Previous Owner Mazins John Rj $119,990
Closed Mazins John Rj $6,050
Closed Vavao Okamoto Simeon $8,845
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2021 01/13/21 Sold $370,000 +5.7% $251 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $350,000 -- $237 / 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 $4,118 $400,496 $81,183 $319,313
2023 $4,118 $384,946 $78,032 $306,914
2022 $3,987 $377,399 $76,502 $300,897
2021 $2,259 $210,561 $65,425 $145,136
2020 $4,319 $208,403 $64,755 $143,648
2019 $4,277 $204,318 $63,486 $140,832
2018 $2,153 $200,313 $62,243 $138,070
2017 $2,112 $196,386 $61,023 $135,363
2016 $2,036 $192,536 $59,827 $132,709
2015 $2,012 $189,645 $58,929 $130,716
2014 $1,936 $185,000 $57,000 $128,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lisa Riess

    ALLISON JAMES EST. & HOMES

    Section Image

  • S

    Buyer's Agent in 2021

    Sandra Garcia

    Sandra Garcia, Broker

    (714) 451-9798

    1 in this area

    10 Total Sales

    Sandra Garcia
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV20249376

California Regional Multiple Listing Service (CRMLS)

APN: 381-331-008

California Riverside County Lake Elsinore 92530 Lake Edge

1545 Morro Way, Lake Elsinore, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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