NOT LISTED FOR SALE

Estimated Value: $694,000 - $769,000

2 Beds
2 Baths
1,128 Sq Ft
$436/mo HOA Fee

Last Sold March 15, 2024

Last sale price $685,000 $607 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,397/month

6 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Primary Bedroom Suite
  • Rancho Santa Margarita Intermediate School Rated A
  • No Units Above
  • Community Lake

About This Home

As of March 2024

Welcome to the resort style community of Corte Melina. Adorable Tri level, 2 bedrooms (master bedroom on top Floor, 2nd bedroom on main floor) 2 baths, 1 car oversized attached garage with storage cabinets and handyman workbench/desk, double wide entertainers balcony with one side covered, vaulted ceiling, gorgeous community pool, spa and gym. Freshly painted interior Sherwin-Williams Accessible Beige & Whisper White, new light colored carpet, upgraded baseboards, luxury vinyl plank floors, brand new stainless steel appliances, fireplace, new switches and plugs, new lighting & more. Walk to shops, restaurants and more! Rancho Santa Margarita residents enjoy the beautiful RSM lake, beach club, 13 parks, playgrounds, community pools, sports courts, hiking and biking trails. Just a few minutes away from O’Neill Regional Park, nearby top rated schools and easy access to the 241 Foothill Transportation Corridor.

Last Agent to Sell the Property

Christina Ford

Ford Realty, Inc. Brokerage Phone: 949-922-3673 License #00917868 Listed on: 02/14/2024

Last Buyer's Agent

Juanita Inzunza

Inzunza Partners License #01881564

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,075

Year Built

  • Built in 1994 | Remodeled

Lot Details

  • No Units Above
  • Two or More Common Walls
  • Northwest Facing Home
  • Wrought Iron Fence
  • Stucco Fence

HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Oversized Parking
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • No Driveway
  • Guest Parking
  • On-Street Parking

Property Views

  • Neighborhood
  • Courtyard

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,128 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Window Screens
  • Sliding Doors
  • Formal Entry
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Dressing Area
  • Mirrored Closets Doors
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Suburban Location

Schools

  • Cielo Vista Elementary School
  • Rancho Santa Margarita Middle School
  • Trabucco Hills High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 14612
  • Assessor Parcel Number 93543679
  • $23 per year additional tax assessments

Community Details

Overview

  • 129 Units
  • Corte Melina Association, Phone Number (949) 448-6000
  • First Service Association, Phone Number (949) 448-6000
  • Built by San Juan Group
  • Corte Melina Subdivision, Seville Floorplan
  • Maintained Community
  • Community Lake

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,075

Year Built

Built in 1994 | Remodeled

Lot Details

0

HOA Fees

$436 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Corte Melina (CM)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93543679
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1128.00 Square Feet
  • Interior Amenities: Balcony, Cathedral Ceiling(s), High Ceilings, Living Room Balcony, Living Room Deck Attached, Recessed Lighting
  • Stories: 3
  • Entry Location: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 607.27
  • Room Type: Dressing Area, Entry, Formal Entry, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Primary Suite
  • Spa Features: Association, Community, Heated, In Ground
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Primary Bath, Exhaust Fan(s), Remodeled, Soaking Tub, Upgraded, Vanity Area
  • Room Kitchen Features: Pots & Pan Drawers, Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: Northwest
  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Courtyard, Neighborhood
  • Fence: Yes
  • Fencing: Stucco Wall, Wrought Iron
  • Builder Name: San Juan Group
  • Patio And Porch Features: Covered, Front Porch
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Guest, No Driveway, Oversized, Street
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Microwave, Water Heater
  • Heating Type: Central, Fireplace(s), Forced Air
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: SAMLARC
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Dog Park, Tennis Court(s), Sport Court, Biking Trails, Hiking Trails, Gym/Ex Room, Maintenance Grounds, Trash, Sewer
  • Association Fee: 355.00
  • Association #2 Fee: 81.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Corte Melina
  • Phone: 949-448-6000
  • Association Phone #2: 949-448-6000
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Dog Park, Hiking, Gutters, Lake, Park, Sidewalks, Street Lights, Suburban
  • Association Management: First Service
  • Association Management 2: First Service

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Cielo Vista
  • Middle School: Rancho Santa Margarita
  • High School: Trabucco Hills
  • Elementary School: Cielo Vista
  • High School: Trabucco Hills
  • Middle Or Junior School: Rancho Santa Margarita
  • Elementary School #2: CIEVIS
  • High School2: TRAHIL2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 129
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 320.54
  • Tax Lot: 5
  • Tax Model: E
  • Tax Tract: Corte Melina
  • Tax Tract Number: 14612
  • TaxOtherAnnualAssessmentAmount: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Feb 23, 2024
Sold by
Gruber Kim
Bought by
Vaddakkekkara Ratheesh and Prakasan Tintu Palakkassery
Seller's Agent
Christina Ford
Ford Realty, Inc.
Buyer's Agent
Juanita Inzunza
Inzunza Partners
List Price
$680,000
Sold Price
$685,000
Premium/Discount to List
$5,000
0.74%
Views
96
Current Estimated Value
$717,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,355
Avg. Annual Appreciation
3.64%
Original Mortgage
$650,750
Outstanding Balance
$643,041
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$80,181

Purchase Details

Closed on
Jan 15, 1998
Sold by
Robert Raschke and Robert Valerie
Bought by
Gruber Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.95%

Purchase Details

Closed on
Dec 15, 1994
Sold by
Corte Melina Partners Ltd
Bought by
Raschke Robert A and Raschke Valerie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,400
Interest Rate
9.1%
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
Vaddakkekkara Ratheesh $685,000 Lawyers Title Company
Vaddakkekkara Ratheesh $685,000 Lawyers Title Company
Gruber Kim $127,500 First American Title Ins Co
Raschke Robert A $134,500 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaddakkekkara Ratheesh $650,750
Closed Vaddakkekkara Ratheesh $650,750
Previous Owner Gruber Kim $102,000
Previous Owner Raschke Robert A $107,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $685,000 +0.7% $607 / Sq Ft
02/14/2024 02/14/24 For Sale $680,000 -- $603 / 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 $2,075 $698,700 $517,180 $181,520
2024 $2,075 $199,585 $31,315 $168,270
2023 $2,026 $195,672 $30,701 $164,971
2022 $1,991 $191,836 $30,099 $161,737
2021 $1,571 $188,075 $29,509 $158,566
2020 $1,935 $186,147 $29,206 $156,941
2019 $1,956 $182,498 $28,634 $153,864
2018 $1,921 $178,920 $28,072 $150,848
2017 $1,899 $175,412 $27,521 $147,891
2016 $2,118 $171,973 $26,981 $144,992
2015 $2,184 $169,390 $26,575 $142,815
2014 $2,149 $166,072 $26,054 $140,018
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24025434

California Regional Multiple Listing Service (CRMLS)

APN: 935-436-79