NOT LISTED FOR SALE

Estimated Value: $424,000 - $434,731

3 Beds
2.5 Baths
1,477 Sq Ft
$243/mo HOA Fee

Last Sold September 27, 2022

Last sale price $405,000 $274 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,904/month

7 Days on Market

Highlights

  • Spa
  • 2 Car Attached Garage
  • Community Playground
  • Mountain View
  • Walk-In Closet
  • Laundry Room

About This Home

As of September 2022

Beautiful Lake Pointe condo in Lake Elsinore. This home features 3 bedrooms, 2.5 bathrooms, open floor plan, new carpet flooring, spacious kitchen that's open to the family room with a fireplace, living and dining room, and indoor stackable laundry. Master bedroom includes walk in closet and bathroom with dual sinks. Community includes swimming pool, spa, and playground. Located minutes away from the 15 freeway, restaurants, Storm Stadium, mountain views, and much more! Low property tax rate!

Last Agent to Sell the Property

Alice Xu

IRN Realty License #01349656 Listed on: 08/15/2022

IRN Realty

Last Buyer's Agent

Janie Crisafi

Coldwell Banker Assoc Brkr/Red License #01067663

Coldwell Banker Assoc Brkr/Red

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,466

Year Built

  • Built in 2006

Lot Details

  • 1,307

HOA Fees

  • $243 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,477 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spa
  • Exterior Lighting

Additional Features

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

Listing and Financial Details

  • Tax Lot 74
  • Tax Tract Number 32670
  • Assessor Parcel Number 373226033
  • $274 per year additional tax assessments

Community Details

Overview

  • 141 Units
  • Balcaro Association, Phone Number (858) 495-0900

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,466

Year Built

Built in 2006

Lot Details

0

HOA Fees

$243 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 373226033
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1477.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 274.20
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
  • Spa Features: Association

Exterior Features

  • View: Mountain(s)
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Playground, Trash
  • Association Fee: 243.00
  • Association Fee Frequency: Monthly
  • Association Name: Balcaro
  • Phone: 8584950900
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Balcaro

Schools

  • School District: Lake Elsinore Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 1307.00
  • Lot Size Acres: 0.0300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1307.0000 Square Feet
  • Number Of Units In Community: 141
  • Number Of Units Total: 141

Tax Info

  • Tax Census Tract: 430.01
  • Tax Lot: 74
  • Tax Tract Number: 32670
  • TaxOtherAnnualAssessmentAmount: 274.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2022
Closed on
Sep 21, 2022
Sold by
Chi Sean Shao Xiang and Chen Min Zhen
Bought by
Drake William M and Chen Min Zhen
Seller's Agent
Alice Xu
IRN Realty
Buyer's Agent
Janie Crisafi
Coldwell Banker Assoc Brkr/Red
List Price
$398,000
Sold Price
$405,000
Premium/Discount to List
$7,000
1.76%
Views
18
Current Estimated Value
$429,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,683
Avg. Annual Appreciation
2.01%
Original Mortgage
$265,000
Outstanding Balance
$253,471
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$176,212

Purchase Details

Listed on
Aug 15, 2022
Closed on
Sep 12, 2022
Sold by
Drake Adelina Melendez
Bought by
Drake William M
Seller's Agent
Alice Xu
IRN Realty
Buyer's Agent
Janie Crisafi
Coldwell Banker Assoc Brkr/Red
List Price
$398,000
Sold Price
$405,000
Premium/Discount to List
$7,000
1.76%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Outstanding Balance
$253,471
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$176,212

Purchase Details

Listed on
Jun 5, 2013
Closed on
May 14, 2013
Sold by
Li Boning and Gao Emily Yuan
Bought by
Chi Sean Shao Xiang and Chen Min Zhen
Seller's Agent
Alice Xu
IRN Realty
Buyer's Agent
Michelle Wallis
Real Estate eBroker
Sold Price
$1,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
Sep 29, 2011
Sold by
Gorham Kenneth J
Bought by
Li Boning and Gao Emily Yuan

Purchase Details

Closed on
May 6, 2010
Sold by
Sims Priscilla J
Bought by
Gorham Kenneth J

Purchase Details

Closed on
Mar 13, 2006
Sold by
D R Horton Los Angeles Holding Co Inc
Bought by
Sims Priscilla J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,956
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Drake William M $405,000 Ticor Title
Drake William M -- None Listed On Document
Chi Sean Shao Xiang $178,000 Nations Title
Li Boning $125,000 Stewart Title Company
Gorham Kenneth J $110,000 Equity Title Orange County-I
Sims Priscilla J $317,500 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drake William M $265,000
Previous Owner Sims Priscilla J $253,956
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Sold $405,000 +1.8% $274 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $398,000 0.0% $269 / Sq Ft
07/18/2014 07/18/14 Rented $995 -26.3% --
07/18/2014 07/18/14 For Rent $1,350 0.0% --
06/17/2013 06/17/13 Rented $1,350 0.0% --
06/17/2013 06/17/13 Under Contract -- -- --
06/05/2013 06/05/13 For Rent $1,350 0.0% --
05/31/2013 05/31/13 Sold $178,000 -1.0% $121 / Sq Ft
04/25/2013 04/25/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $179,888 -- $122 / 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 $4,466 $421,362 $52,020 $369,342
2023 $4,466 $405,000 $50,000 $355,000
2022 $2,418 $206,540 $58,013 $148,527
2021 $2,371 $202,491 $56,876 $145,615
2020 $2,346 $200,415 $56,293 $144,122
2019 $2,301 $196,487 $55,190 $141,297
2018 $2,256 $192,635 $54,109 $138,526
2017 $2,213 $188,859 $53,049 $135,810
2016 $2,135 $185,157 $52,009 $133,148
2015 $2,106 $182,378 $51,229 $131,149
2014 $2,037 $178,808 $50,227 $128,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22180150

California Regional Multiple Listing Service (CRMLS)

APN: 373-226-033