NOT LISTED FOR SALE

Estimated Value: $590,000 - $614,788

1 Bed
1 Bath
835 Sq Ft
$413/mo HOA Fee

Last Sold November 28, 2022

Last sale price $534,500 $640 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,272/month

53 Days on Market

Highlights

  • City Lights View
  • 0.6 Acre Lot
  • Mediterranean Architecture
  • Madison Elementary School Rated A+
  • Wood Flooring
  • 2-minute walk to Mathews Parkette

About This Home

As of November 2022

55+ complex. Now is your opportunity to own this beautiful TOP FLOOR one bedroom PLUS den/office condo located only 1.5 miles from the beach. This home features: high ceilings, large windows, and arched doorways, shiny wood & carpeted floors, a private balcony, air conditioning, inside laundry, a lovely kitchen with granite countertops, stainless steel appliances, and upgraded drawer oranizers. The bedroom features a spacious walk-in closet that was upgraded by Closet World. The tiled bathroom has a large shower with a bench. This particular condo comes with a storage unit located above the parking space. The Montecito has common patios with fireplaces and an elevator. ONE parking space in a secured underground structure. Two pets are allowed. Earthquake insurance and water is included in the HOA fee. Non smoking complex. Common elevator. Common area sitting area with a fireplace. This building is in a fantastic location. Close to shops, restaurants, fitness clubs, and library, and the ocean. One occupant must be 55+ but ANY age can buy. FHA approved complex. Now is your opportunity to own this wonderful condo.

Last Agent to Sell the Property

Lynn O'Donnell

Vista Sotheby's International Realty License #01350661 Listed on: 08/31/2022

Vista Sotheby's International Realty

Co-Listed By

CURTIS DRAYTON

RE/MAX LAKESIDE License #02188745

Last Buyer's Agent

Luisa Marchini

RE/MAX Executive License #01261680

RE/MAX Executive

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,307

Year Built

  • Built in 2008

Lot Details

  • 0.6

HOA Fees

  • $413 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Garage Space

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 835 Sq Ft Home
  • 4-Story Property
  • Track Lighting
  • Living Room
  • Dining Area
  • Den
  • City Lights Views

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • Balcony
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 4155-030-097

Community Details

Overview

  • Association fees include water, trash
  • 51 Units
  • Horizon Management Association

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,307

Year Built

Built in 2008

Lot Details

0

HOA Fees

$413 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mediterranean
  • Street Number Display: Yes
  • Complex Name: Montecito Homes
  • Disability Access: Grab Bars In Bathroom(s)
  • Entry Floor: 4
  • Living Area: 835
  • Lot Acreage: 0.5961
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 4
  • Unit Floor In Building: 4
  • Year Built: 2008
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator, Laundry - Closet Stacked, Track Lighting
  • Number Of Remote Controls: 1
  • Flooring: Wood, Tile
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters
  • Laundry: In Unit, Inside, Laundry Area
  • Total Bathrooms: 1.00
  • Den: 1
  • Equipment: Dishwasher, Dryer, Elevator, Garbage Disposal, Washer, Microwave, Refrigerator
  • Price Per S Q F T: 645.51

Exterior Features

  • Balcony: Yes
  • Direction Faces: South
  • Other Features: Balcony
  • Exposure: South
  • Pool: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Community Garage
  • Total Parking: 1

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning
  • Earth Quake Ins: 1
  • Heating: Forced Air
  • Security: Fire Sprinklers, Smoke Detector

Association/Amenities

  • Amenities: Elevator
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water, Trash
  • HOA Fees: 413.00
  • Management Company: Horizon Management
  • Mgmt Co Phone: 3105431995|
  • HOA: Yes

Schools

  • School District: Redondo Unified

Lot Info

  • Assessor Parcel Number: 4155-030-097
  • Lot Size Area: 25968

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 51

MLS Schools

  • School District: Redondo Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2023
Sold by
Francesconi Shelley
Bought by
Shelley Ann Francesconi Trust
Current Estimated Value
$603,447

Purchase Details

Listed on
Aug 31, 2022
Closed on
Nov 10, 2022
Sold by
Patricia A Reagan Living Trust
Bought by
Francesconi Shelley
Seller's Agent
Lynn O'Donnell
Vista Sotheby's International Realty
Buyer's Agent
Luisa Marchini
RE/MAX Executive
List Price
$599,000
Sold Price
$534,500
Premium/Discount to List
-$64,500
-10.77%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$427,600
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2019
Sold by
Reagan Patricia A
Bought by
Reagan Patricia A and The Patricia A Reagan Living Trust

Purchase Details

Closed on
Nov 22, 2011
Sold by
Watt Communities At The Montecito Llc
Bought by
Reagan Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,403
Interest Rate
3.75%
Mortgage Type
FHA
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
Shelley Ann Francesconi Trust -- None Listed On Document
Francesconi Shelley $534,500 Chicago Title Company
Reagan Patricia A -- None Available
Reagan Patricia A $250,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Francesconi Shelley $427,600
Previous Owner Reagan Patricia A $323,000
Previous Owner Reagan Patricia A $35,000
Previous Owner Reagan Patricia A $281,900
Previous Owner Reagan Patricia A $279,000
Previous Owner Reagan Patricia A $252,000
Previous Owner Reagan Patricia A $243,403
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2022 11/28/22 Sold $534,500 -0.8% $640 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
10/14/2022 10/14/22 Price Changed $539,000 -5.3% $646 / Sq Ft
10/04/2022 10/04/22 Price Changed $569,000 -5.0% $681 / Sq Ft
08/31/2022 08/31/22 For Sale $599,000 -- $717 / Sq Ft
Source: The MLS

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
2024 $6,307 $545,190 $473,790 $71,400
2023 $6,192 $534,500 $464,500 $70,000
2022 $3,591 $295,893 $100,602 $195,291
2021 $3,505 $290,092 $98,630 $191,462
2019 $3,437 $281,489 $95,705 $185,784
2018 $3,358 $275,971 $93,829 $182,142
2016 $3,257 $265,257 $90,187 $175,070
2015 $3,197 $261,274 $88,833 $172,441
2014 $3,127 $256,157 $87,093 $169,064
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-193867

The MLS

APN: 4155-030-097