NOT LISTED FOR SALE

16 Picazo Unit 73 Rancho Santa Margarita, CA 92688

Estimated Value: $483,547 - $521,000

2 Beds
1 Bath
618 Sq Ft
$310/mo HOA Fee

Last Sold January 16, 2020

Last sale price $318,000 $515 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,411/month

120 Days on Market

Highlights

  • Heated In Ground Pool
  • Community Lake
  • Mediterranean Architecture
  • Trabuco Mesa Elementary School Rated A
  • Main Floor Bedroom
  • 5-minute walk to Cielo Vista Park

About This Home

As of January 2020

WHAT A GREAT PLACE TO START!!! Take advantage of this end unit location. Experience the privacy and the security offered by an upper unit with no noise from above. This 2 bedroom, 1 bath charmer has a nearby carport and a brand new (8/2019) AC system. Enter through the living room and enjoy views in 2 directions through windows enhanced with faux wood blinds. The living room ceiling is both textured and vaulted. The dining room wall is adorned with a floor to ceiling mirror to create more light and more depth. The efficient kitchen has a stainless steel sink, tile counters, a dishwasher and a stainless steel microwave. The bathroom has a shower over tub with glass enclosure and corian counter. You will belong to the numerous city wide recreational facilities presented by SAMLARC including several pools, a lake and the nearby "Lagoon" area. Award winning Schools, convenient shopping, beautiful hiking/biking trails and a luxurious movie theater are all nearby.

Last Agent to Sell the Property

Steve Ruiz

Regency Real Estate Brokers License #01073207 Listed on: 08/29/2019

Regency Real Estate Brokers

Last Buyer's Agent

Jennifer Jones

Landmark Realtors License #01926130

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,581

Year Built

  • Built in 1987

Lot Details

  • Two or More Common Walls

HOA Fees

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof

Interior Spaces

  • 618 Sq Ft Home
  • Blinds
  • Window Screens
  • Living Room
  • Dining Room
  • Carpet
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Corian Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Parking

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

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Gunite Pool
  • Gunite Spa
  • Fence Around Pool

Outdoor Features

  • Patio
  • Rain Gutters
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 12716
  • Assessor Parcel Number 93195465

Community Details

Overview

  • Master Insurance
  • 200 Units
  • Powerstone Association, Phone Number (949) 716-3998
  • Samlarc Association, Phone Number (949) 709-0010
  • Maintained Community
  • Community Lake

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails

Pet Policy

  • Pet Restriction

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,581

Year Built

Built in 1987

Lot Details

0

HOA Fees

$310 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Las Flores (R2) (LF)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93195465
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 618.00 Square Feet
  • Interior Amenities: Tile Counters
  • Entry Location: top floor
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 514.56
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Spa Features: Association, Gunite, Heated, In Ground
  • Window Features: Blinds, Screens
  • Bathroom Features: Shower In Tub, Corian Counters
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Neighborhood
  • Patio And Porch Features: Front Porch
  • Pool Features: Association, Fenced, Gunite, Heated, Gas Heat, In Ground
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside, Stackable, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: SamLarc
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Insurance, Maintenance Grounds, Pet Rules
  • Association Fee: 255.00
  • Association #2 Fee: 55.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Powerstone
  • Phone: 949-716-3998
  • Association Phone #2: 949-709-0010
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Hiking, Gutters, Lake, Sidewalks, Storm Drains
  • Association Management: SAMLARC

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 200
  • Number Of Units Total: 1

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2019
Closed on
Dec 31, 2019
Sold by
Vetter William L and Vetter Rachel
Bought by
Sayin Sehnaz Ebru and Sayin Gurkan
Seller's Agent
Steve Ruiz
Regency Real Estate Brokers
Buyer's Agent
Jennifer Jones
Landmark Realtors
List Price
$339,900
Sold Price
$318,000
Premium/Discount to List
-$21,900
-6.44%
Current Estimated Value
$511,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,970
Avg. Annual Appreciation
8.47%

Purchase Details

Listed on
Jul 30, 2014
Closed on
Apr 21, 2015
Sold by
Hartmann Harold and Hartmann Georgia
Bought by
Vetter William L and Burke Rachel E
Seller's Agent
Stephen Miller
Jeffrey Stephen Miller, Broker
Buyer's Agent
Diane Kapitan
Diane Kapitan, Broker
List Price
$274,900
Sold Price
$262,400
Premium/Discount to List
-$12,500
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$247,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hartmann Harold and Hartmann Georgia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,550
Interest Rate
7.96%

Purchase Details

Closed on
Feb 13, 1997
Sold by
Gibbs Judith B
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 9, 1995
Sold by
Trust Of Judith B Gibbs
Bought by
Gibbs Judith B
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
Sayin Sehnaz Ebru $318,000 Orange Coast Title
Vetter William L $262,500 Title365
Hartmann Harold $59,500 Fidelity National Title Ins
Federal Home Loan Mortgage Corporation $50,000 Fidelity National Title Ins
Gibbs Judith B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vetter William L $247,000
Previous Owner Hartmann Harold $100,000
Previous Owner Hartmann Harold $90,000
Previous Owner Hartmann Harold $44,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2020 01/16/20 Sold $318,000 -3.6% $515 / Sq Ft
12/27/2019 12/27/19 Pending -- -- --
10/07/2019 10/07/19 Price Changed $329,900 -2.9% $534 / Sq Ft
08/29/2019 08/29/19 For Sale $339,900 +29.5% $550 / Sq Ft
06/03/2015 06/03/15 Sold $262,400 -0.9% $298 / Sq Ft
04/20/2015 04/20/15 Pending -- -- --
10/02/2014 10/02/14 Price Changed $264,900 -3.6% $300 / Sq Ft
07/30/2014 07/30/14 For Sale $274,900 -- $312 / 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 $3,581 $347,777 $291,866 $55,911
2024 $3,581 $340,958 $286,143 $54,815
2023 $3,501 $334,273 $280,532 $53,741
2022 $3,442 $327,719 $275,031 $52,688
2021 $3,013 $321,294 $269,639 $51,655
2020 $2,969 $288,360 $234,900 $53,460
2019 $3,383 $282,706 $230,294 $52,412
2018 $3,335 $277,163 $225,778 $51,385
2017 $3,393 $271,729 $221,351 $50,378
2016 $3,609 $266,401 $217,010 $49,391
2015 $1,284 $80,488 $32,163 $48,325
2014 -- $78,912 $31,533 $47,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19206086

California Regional Multiple Listing Service (CRMLS)

APN: 931-954-65