NOT LISTED FOR SALE

21 Palmera Unit 50 Rancho Santa Margarita, CA 92688

Estimated Value: $737,000 - $930,000

2 Beds
2.5 Baths
1,306 Sq Ft
1986 Built

Last Sold February 27, 2012

Last sale price $275,000 $211 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $4,692/month

Highlights

  • Lake View
  • Breakfast Area or Nook
  • Hiking Trails
  • Trabuco Mesa Elementary School Rated A
  • Walk-In Pantry
  • 2 Car Direct Access Garage

About This Home

As of May 2024

Welcome to 21 Palmera, a fully remodeled 2 bedroom 2.5 bathroom corner unit property with incredible panoramic views of the RSM lake. Located at the end of a private cul de sac, this home offers ultimate privacy, beautiful vinyl flooring throughout, spacious private courtyard and backyard that faces the lake. As soon as you enter you are greeted by a spacious living room with fireplace and direct backyard access. Kitchen boasts quartz countertops, stainless steel appliances, gas oven, soft-close drawers and breakfast counter with bar seating. Upstairs master bedroom boasts high ceilings with fan and private balcony to enjoy the beauty of nature that surrounds you. Master bath offer quartz counter tops with double sinks and spacious walk-in closet. Secondary bedroom features en suite bath and walk-in closet. Walking distance to the many amenities Rancho Santa Margarita has to offer like the Lago Santa Margarita Beach Club, shopping centers and dining. Don't miss this amazing opportunity and call today to schedule a private showing!

Last Agent to Rent the Property

Roxanne Ellison

Re/Max Real Estate Group License #02012293 Listed on: 04/02/2024

Re/Max Real Estate Group

Co-Listed By

Donald A. Bowen

Re/Max Real Estate Group License #01317912

Last Renter's Agent

Roxanne Ellison

Re/Max Real Estate Group License #02012293 Listed on: 04/02/2024

Re/Max Real Estate Group

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,591

Year Built

  • Built in 1986

Lot Details

  • 1 Common Wall
  • Cul-De-Sac

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • Lake
  • Woods
  • Hills

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,306 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Vinyl Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Air
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Security Deposit $5,000
  • Rent includes association dues, gardener
  • 24-Month Minimum Lease Term
  • Available 5/15/24
  • Tax Lot 4
  • Tax Tract Number 12459
  • Assessor Parcel Number 93188500

Community Details

Overview

  • Property has a Home Owners Association
  • 125 Units
  • Floramar Subdivision

Recreation

  • Hiking Trails
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $300

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,591

Year Built

Built in 1986

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2024-05-15
  • Credit Check Paid By: Tenant
  • Deposit Pets: 300
  • Deposit Security: 5000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • Subdivision Name Other: Floramar (FM)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93188500
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1306.00 Square Feet
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2.95
  • Room Type: All Bedrooms Up, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Primary Bath
  • Room Kitchen Features: Walk-In Pantry

Exterior Features

  • View: Hills, Lake, Trees/Woods
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Biking, Curbs, Hiking, Sidewalks, Street Lights, Suburban

Schools

  • School District: Saddleback Valley Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 24 Months
  • Number Of Units In Community: 125
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener

Tax Info

  • Tax Census Tract: 320.51
  • Tax Lot: 4
  • Tax Tract Number: 12459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2024
Sold by
Turner Kevin M and Turner Perrin M
Bought by
Turner Family Trust and Turner
Current Estimated Value
$824,363

Purchase Details

Listed on
Aug 21, 2011
Closed on
Feb 16, 2012
Sold by
Wood Ricky A
Bought by
Turner Kevin M and Turner Perrin
Seller's Agent
Dean Lob
Realty OC Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%

Purchase Details

Closed on
Jun 4, 1998
Sold by
Turner Kevin M and Turner Perrin M
Bought by
Wood Ricky A and Wood Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
6.9%
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
Turner Family Trust -- None Listed On Document
Turner Family Trust -- None Listed On Document
Turner Kevin M $279,000 Stewart Title
Wood Ricky A $194,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wood Ricky A $62,400
Previous Owner Wood Ricky A $450,000
Previous Owner Wood Ricky A $44,800
Previous Owner Wood Ricky A $280,000
Previous Owner Wood Ricky A $151,000
Previous Owner Wood Ricky A $155,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Rented $3,850 0.0% --
05/13/2024 05/13/24 Off Market $3,850 -- --
04/02/2024 04/02/24 For Rent $3,850 +1.3% --
02/14/2023 02/14/23 Rented $3,800 +5.6% --
02/09/2023 02/09/23 Off Market $3,600 -- --
01/06/2023 01/06/23 For Rent $3,600 -5.3% --
10/26/2022 10/26/22 Rented $3,800 +2.7% --
10/06/2022 10/06/22 Off Market $3,700 -- --
10/04/2022 10/04/22 For Rent $3,700 +12.1% --
04/15/2021 04/15/21 Rented $3,300 +1.5% --
04/03/2021 04/03/21 For Rent $3,250 +12.1% --
04/11/2020 04/11/20 Rented $2,900 0.0% --
04/10/2020 04/10/20 Under Contract -- -- --
03/23/2020 03/23/20 Price Changed $2,900 -9.2% $2 / Sq Ft
03/14/2020 03/14/20 For Rent $3,195 0.0% --
02/27/2012 02/27/12 Sold $275,000 -1.8% $312 / Sq Ft
12/13/2011 12/13/11 For Sale $279,900 0.0% $317 / Sq Ft
12/13/2011 12/13/11 Price Changed $279,900 +1.8% $317 / Sq Ft
11/29/2011 11/29/11 Off Market $275,000 -- --
11/29/2011 11/29/11 For Sale $250,000 -9.1% $283 / Sq Ft
09/26/2011 09/26/11 Off Market $275,000 -- --
09/26/2011 09/26/11 For Sale $250,000 -9.1% $283 / Sq Ft
09/12/2011 09/12/11 Off Market $275,000 -- --
08/31/2011 08/31/11 Price Changed $250,000 -9.1% $283 / Sq Ft
08/24/2011 08/24/11 Price Changed $275,000 -8.0% $312 / Sq Ft
08/21/2011 08/21/11 For Sale $299,000 -- $339 / 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 $3,591 $350,431 $210,174 $140,257
2024 $3,591 $343,560 $206,053 $137,507
2023 $3,509 $336,824 $202,013 $134,811
2022 $3,450 $330,220 $198,052 $132,168
2021 $2,768 $323,746 $194,169 $129,577
2020 $3,358 $320,427 $192,178 $128,249
2019 $3,680 $314,145 $188,410 $125,735
2018 $3,625 $307,986 $184,716 $123,270
2017 $3,656 $301,948 $181,095 $120,853
2016 $4,033 $296,028 $177,544 $118,484
2015 $4,161 $291,582 $174,877 $116,705
2014 $4,088 $285,871 $171,452 $114,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24064088

California Regional Multiple Listing Service (CRMLS)

APN: 931-885-00