NOT LISTED FOR SALE

Estimated Value: $831,205 - $893,000

2 Beds
2 Baths
1,130 Sq Ft
$502/mo HOA Fee

Last Sold October 09, 2020

Last sale price $525,000 $465 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $5,545/month

30 Days on Market

Highlights

  • Spa
  • Laundry Room
  • Central Heating and Cooling System
  • John Malcom Elementary School Rated A

About This Home

As of October 2020

Tired of lugging groceries up flights of stairs? Look no further, this serene, ground floor unit, is just what you have been looking for. With vaulted ceilings and no neighbors above, 16 Corniche is a sought-after two-bedroom, two-bath condo in the community of Monarch Hills. This prime unit is a blank slate just waiting for a buyer with a keen sense of design and detail to make it their own. Open floor plan, living room fireplace, walk-in closets and lush greenbelt views make it easy for any buyer to call home. Whether you are looking for a permanent residence or vacation get-away, the community of Monarch Beach is sure to please. Enjoy a leisurely stroll to the beach, dine in some of Orange Counties most fabulous eateries or enjoy "Yappy Hour" with your pooch at the local Ritz Carlton. Feel like staying close to home? Monarch Hills Community boasts 24-hour manned gate, with a completely renovated pool, spa, workout room and club house.

Last Agent to Sell the Property

John Rennie

RE/MAX One License #01269397 Listed on: 08/06/2020

RE/MAX One

Last Buyer's Agent

Sean Jarne

First Team Real Estate License #01447010

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1989

HOA Fees

Interior Spaces

  • 1,130 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 1 Parking Space
  • 1 Carport Space

Schools

  • Malcom Elementary School
  • Marco Forester Middle School
  • Dana Hills High School

Additional Features

  • Spa
  • Two or More Common Walls
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13434
  • Assessor Parcel Number 93936412

Community Details

Overview

  • 325 Units
  • Monarch Hills Condo Association, Phone Number (949) 883-2600
  • Action Property Management Association
  • Keystone Pacific HOA
  • Monarch Hills Condos Subdivision

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1989

Lot Details

0

HOA Fees

$502 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Monarch Hills Condos (MHC)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93936412
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1130.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 464.60
  • Room Type: Living Room
  • Spa Features: Association

Exterior Features

  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Corniche Master Association
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 407.00
  • Association #2 Fee: 95.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Monarch Hills Condo Association
  • Phone: 9498832600
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs
  • Association Management: Keystone Pacific
  • Association Management 2: Action Property Management

Schools

  • Elementary School: Malcom
  • High School: Dana Hills
  • Middle Or Junior School: Marco Forester
  • Elementary School #2: MALCOM
  • High School2: DANHIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 325
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 423.23
  • Tax Lot: 1
  • Tax Tract Number: 13434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2020
Closed on
Sep 28, 2020
Sold by
Sydow Ernest H
Bought by
Smith Nancy A
Seller's Agent
John Rennie
RE/MAX One
Buyer's Agent
Sean Jarne
First Team Real Estate
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%
Current Estimated Value
$866,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$341,301
Avg. Annual Appreciation
10.03%

Purchase Details

Closed on
Jul 29, 1996
Sold by
Mckibben Zelma A
Bought by
Sydow Ernest H and Sydow Marilynn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.33%

Purchase Details

Closed on
May 12, 1994
Sold by
Monarch Beach Venture Ltd
Bought by
Mckibben Zelma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.53%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Nancy A $525,000 Chicago Title Company
Sydow Ernest H $125,000 Old Republic Title Company
Mckibben Zelma A $127,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sydow Ernest H $100,000
Previous Owner Mckibben Zelma A $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $525,000 -4.5% $465 / Sq Ft
08/18/2020 08/18/20 Price Changed $549,900 0.0% $487 / Sq Ft
08/18/2020 08/18/20 For Sale $549,900 0.0% $487 / Sq Ft
08/06/2020 08/06/20 For Sale $549,900 0.0% $487 / Sq Ft
06/27/2017 06/27/17 Rented $2,200 0.0% --
05/24/2017 05/24/17 For Rent $2,200 -- --
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 $6,220 $568,276 $418,934 $149,342
2024 $6,220 $557,134 $410,720 $146,414
2023 $6,039 $546,210 $402,666 $143,544
2022 $5,880 $535,500 $394,770 $140,730
2021 $5,748 $525,000 $387,029 $137,971
2020 $2,352 $186,147 $48,176 $137,971
2019 $2,302 $182,498 $47,232 $135,266
2018 $2,242 $178,920 $46,306 $132,614
2017 $2,179 $175,412 $45,398 $130,014
2016 $2,120 $171,973 $44,508 $127,465
2015 $1,973 $169,390 $43,839 $125,551
2014 $1,941 $166,072 $42,980 $123,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20156144

California Regional Multiple Listing Service (CRMLS)

APN: 939-364-12