NOT LISTED FOR SALE

21301 Balsam Ln Unit 2 Lake Forest, CA 92630

Estimated Value: $660,797 - $729,000

2 Beds
2 Baths
1,070 Sq Ft
$288/mo HOA Fee

Last Sold May 06, 2015

Last sale price $375,000 $350 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,574/month

22 Days on Market

Highlights

  • In Ground Pool
  • All Bedrooms Downstairs
  • Pool View
  • Rancho Canada Elementary School Rated A-
  • Open Floorplan
  • 1 Car Direct Access Garage

About This Home

As of May 2015

If you are looking for a exceptional opportunity for an investment property or a home for yourself, you have found it! This 2 bed 2 bath turnkey home is located in a beautiful and well maintained condo community in the wonderful city of Lake Forest. When the current owners purchased this home a few years ago they went through and put in all new flooring, New appliances, new paint and created a wonderful setting for one to live and relax. The current tenants have been in since that day, they have treated this home like it was their own. Now it is time to make this a wonderful home for someone new. If you are an investor, I can tell you that the current tenants would love to stay and have never been 1 day late on their rent. If you are looking for a home for yourself then come by and take a look. You will see we are in an interior location on the ground level with a wonderful view of the park like settings and the pool. Come experience all that Lake Forest and this wonderful community has to offer, you will be glad you did!

Last Listed By

David Stoll

Douglas Elliman of California License #01459152 Listed on: 02/23/2015

Douglas Elliman of California

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,585

Year Built

  • Built in 1986

Lot Details

  • 1 Common Wall

HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Unassigned Parking

Property Views

  • Pool
  • Courtyard

Interior Spaces

  • 1,070 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Living Room
  • Storage
  • Tile Flooring

Kitchen

  • Gas and Electric Range
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11907
  • Assessor Parcel Number 93994701

Community Details

Overview

  • 250 Units
  • Tierra Vista (Tv) Association

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,585

Year Built

Built in 1986

Lot Details

0

HOA Fees

$288 per month

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Tierra Vista (TV)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93994701
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1070.00
  • Interior Amenities: Open Floorplan, Recessed Lighting, Storage, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 350.47
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • View: Courtyard, Pool
  • Pool Features: Association, Community, In Ground
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Unassigned
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Dishwasher, Gas & Electric Range, Gas Water Heater
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pets Permitted, Pool, Spa/Hot Tub
  • Association Fee: 245.00
  • Association #2 Fee: 130.00
  • Association #2 Fee Frequency: Quarterly
  • Association Fee Frequency: Monthly
  • Association Name: Tierra Vista (TV)
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 1100.00
  • Lot Size Acres: 0.0250

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1100.0000 Square Feet
  • Number Of Units In Community: 250
  • Number Of Units Total: 250

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 11907

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2015
Closed on
Mar 31, 2015
Sold by
Patterson Michele S and Jackson Constance L
Bought by
Yoon Hong Suck and Yoon Mi Suk
Seller's Agent
David Stoll
Douglas Elliman of California
Buyer's Agent
Michelle Lee
Superior Real Estate Group
List Price
$375,000
Sold Price
$375,000
Total Days on Market
22
Current Estimated Value
$697,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,449
Avg. Annual Appreciation
6.36%
Original Mortgage
$340,000
Outstanding Balance
$265,395
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$432,054

Purchase Details

Closed on
Mar 12, 2009
Sold by
Draeger Birga
Bought by
Patterson Michele S and Jackson Constance L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,400
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2002
Sold by
Santoro Stephen J
Bought by
Draeger Birga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2001
Sold by
Santoro Stephen J
Bought by
Santoro Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.12%

Purchase Details

Closed on
Aug 29, 1997
Sold by
Cohen Michael J and Cohen Gail A
Bought by
Santoro Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,700
Interest Rate
7.54%
Mortgage Type
FHA

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
Yoon Hong Suck $375,000 First American Title Company
Patterson Michele S $223,000 Equity Title Orange County-I
Draeger Birga $220,000 --
Santoro Stephen J -- --
Santoro Stephen J -- First American Title Co
Santoro Stephen J $117,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yoon Hong Suck $340,000
Previous Owner Patterson Michele S $178,400
Previous Owner Draeger Birga $286,800
Previous Owner Draeger Birga $29,200
Previous Owner Draeger Birga $40,000
Previous Owner Draeger Birga $250,000
Previous Owner Draeger Birga $20,000
Previous Owner Draeger Birga $230,000
Previous Owner Draeger Birga $30,000
Previous Owner Draeger Birga $120,000
Previous Owner Santoro Stephen J $140,000
Previous Owner Santoro Stephen J $116,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2015 05/06/15 Sold $375,000 0.0% $350 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
02/23/2015 02/23/15 For Sale $375,000 -- $350 / 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
2024 $4,585 $441,851 $350,090 $91,761
2023 $4,476 $433,188 $343,226 $89,962
2022 $4,395 $424,695 $336,496 $88,199
2021 $4,306 $416,368 $329,898 $86,470
2020 $4,267 $412,099 $326,515 $85,584
2019 $4,180 $404,019 $320,113 $83,906
2018 $4,101 $396,098 $313,837 $82,261
2017 $4,018 $388,332 $307,683 $80,649
2016 $3,950 $380,718 $301,650 $79,068
2015 $2,526 $238,938 $151,734 $87,204
2014 -- $234,258 $148,762 $85,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15038919

California Regional Multiple Listing Service (CRMLS)

APN: 939-947-01