NOT LISTED FOR SALE

21302 Balsam Ln Unit 1 Lake Forest, CA 92630

Estimated Value: $689,000 - $708,356

2 Beds
2 Baths
1,022 Sq Ft
$361/mo HOA Fee

Last Sold August 18, 2023

Last sale price $625,000 $612 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,630/month

5 Days on Market

Highlights

  • In Ground Pool
  • View of Trees or Woods
  • Open Floorplan
  • Rancho Canada Elementary School Rated A-
  • Updated Kitchen
  • Property is near a park

About This Home

As of August 2023

Welcome to beautiful Tierra Vista, one of the most desirable hilltop communities within Lake Forest. This lower level, end unit, with attached direct access single car garage, is privately positioned on the northeast side of the community, minutes away from the lush greenbelts of the neighboring Peachwood Park. A level cement walkway or short stairwell exterior access brings you to the beautiful arched front porch area with room to accentuate using your own personal décor and taste. Enter through the front door and the tasteful designer paint tones, crown moulding, recessed lighting, new LVP flooring, and open kitchen concept give the home a larger than life feel. An upgraded kitchen with rich wood cabinetry and stainless steel appliances are complimented by gorgeous marbled granite countertops and tear drop accent lighting above the kitchen bar seating completing its tasteful design. The dining area, living area, and additional bar seating easily accommodates intimate gatherings and the expansive sliding glass door allows you to bring the private outdoor patio setting inside on those beautiful days and nights Orange County is known for. Guest parking is also just a short walk away from this unit which is extremely nice. The bedrooms are located on opposite sides of the main living area, close enough to each other yet far enough way for privacy. The master bedroom does have its own bath area and walk-in closet. Each bedroom has direct access to the beautiful back courtyard setting with large cement patio area, new planter bed design, exterior shed, and surrounded by block wall for the extra sense of privacy. This back courtyard environment has a lanai feel to it created by the positioning of the upstairs overhead balcony. A separate laundry room area separates the kitchen from the direct access door to the single car garage making it very nice to transport groceries to and from the car or avoiding challenging weather conditions. This home is located within close proximity to major retail and business districts; close to Irvine Spectrum, Lake Forest Sports and Recreation Center, and JFK Airport; and the major arteries of I5, 405, and 241 easily accessible for commuting purposes. What a wonderful opportunity to own this beautiful lower end unit!

Last Agent to Sell the Property

Jamie DePauw

CENTURY 21 Affiliated License #01803044 Listed on: 07/18/2023

CENTURY 21 Affiliated

Last Buyer's Agent

Jeffrey Weisberger

Keller Williams Realty License #02107210

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,517

Year Built

  • Built in 1987

Lot Details

  • Property fronts a private road
  • End Unit
  • Two or More Common Walls
  • Block Wall Fence
  • Fence is in fair condition
  • Level Lot
  • Backyard Sprinklers
  • Back Yard
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Shared Driveway
  • Guest Parking
  • Assigned Parking

Property Views

  • Woods
  • Neighborhood

Home Design

  • Spanish Architecture
  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Fire Rated Drywall
  • Spanish Tile Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,022 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Window Screens
  • Sliding Doors
  • Panel Doors
  • Entryway
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Vinyl Flooring
  • Pest Guard System

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Formica Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Formica Counters In Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Accessible Home Design

  • Doors swing in
  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Pool

  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Schools

  • Rancho Canada Elementary School
  • Serrano Intermediate
  • El Toro High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11907
  • Assessor Parcel Number 93994694
  • $128 per year additional tax assessments

Community Details

Overview

  • Front Yard Maintenance
  • 166 Units
  • Tierra Vista HOA, Phone Number (714) 285-2626
  • Management Trust Of So Cal Association, Phone Number (714) 285-2626
  • Tierra Vista Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,517

Year Built

Built in 1987

Lot Details

0

HOA Fees

$361 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, Washer/Dryer, Two (2) Exterior Adirondack Chairs, Two (2) Kitchen Barstools; Exterior Backyard Shed
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Tierra Vista (TV)
  • View: Yes
  • Architectural Style: Mediterranean, Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93994694
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1022.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Formica Counters, Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Vinyl
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, No Interior Steps, Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Living Room
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 611.55
  • Room Type: All Bedrooms Down, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Walk-In Closet
  • Spa Features: Association, Community, In Ground
  • Window Features: Blinds, Screens
  • Bathroom Features: Shower In Tub, Exhaust Fan(s), Formica Counters, Main Floor Full Bath
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Neighborhood, Trees/Woods
  • Fence: Yes
  • Fencing: Block, Fair Condition
  • Patio And Porch Features: Concrete, Covered, Patio Open, Front Porch, Slab
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Glass, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Assigned, Covered, Direct Garage Access, Paved, Garage Faces Rear, Garage - Single Door, Guest, Shared Driveway, Uncovered
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Serrano Highlands
  • Amenities: Pool, Spa/Hot Tub, Pest Control, Trash, Pet Rules, Call for Rules, Management, Maintenance Front Yard
  • Association Fee: 310.00
  • Association #2 Fee: 152.00
  • Association #2 Fee Frequency: Quarterly
  • Association Fee Frequency: Monthly
  • Association Name: Tierra Vista HOA
  • Phone: 714-285-2626
  • Association Phone #2: 714-285-2626
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: Management Trust of So Cal
  • Association Management 2: Management Trust of So Cal

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Rancho Canada
  • Middle School: Serrano Intermediate
  • High School: El Toro
  • Elementary School: Rancho Canada
  • High School: El Toro
  • Middle Or Junior School: Serrano Intermediate
  • Elementary School #2: RANCAN
  • High School2: ELTOR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Level, Near Public Transit, Park Nearby, Paved, Sprinkler System, Sprinklers In Rear

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 166
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 524.22
  • Tax Lot: 1
  • Tax Tract Number: 11907
  • TaxOtherAnnualAssessmentAmount: 128.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Jul 31, 2023
Sold by
Cipperly Brett A and Cipperly Rebecca D
Bought by
Olson Zhiyi Ren
Seller's Agent
Jamie DePauw
CENTURY 21 Affiliated
Buyer's Agent
Jeffrey Weisberger
Keller Williams Realty
List Price
$599,999
Sold Price
$625,000
Premium/Discount to List
$25,001
4.17%
Views
50
Current Estimated Value
$700,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,089
Avg. Annual Appreciation
5.47%
Original Mortgage
$551,812
Outstanding Balance
$539,238
Interest Rate
6.81%
Mortgage Type
VA
Estimated Equity
$160,851

Purchase Details

Closed on
Mar 30, 2020
Sold by
Johnson Susan I
Bought by
Westmoreland Rebecca D and Cipperly Brett A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,700
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2020
Sold by
Johnson Susan I
Bought by
Westmoreland Rebecca D and Cipperly Brett A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,700
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2005
Sold by
Steinbach Nanette and Cebuma Nanette
Bought by
Johnson Susan I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,400
Interest Rate
5.67%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 9, 2004
Sold by
Cebuma Guillermo N
Bought by
Cebuma Nanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,400
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 1999
Sold by
Gregory Utz Steven
Bought by
Utz Steven Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,350
Interest Rate
6.9%
Mortgage Type
VA
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
Olson Zhiyi Ren $625,000 Wfg National Title
Westmoreland Rebecca D $473,000 Stewart Title
Westmoreland Rebecca D $473,000 Stewart Title
Johnson Susan I $438,000 First American Title Co
Cebuma Nanette -- First American Title Co
Cebuma Nanette $338,000 First American Title Co
Utz Steven Gregory -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Zhiyi Ren $551,812
Previous Owner Westmoreland Rebecca D $425,700
Previous Owner Westmoreland Rebecca D $425,700
Previous Owner Johnson Susan I $350,400
Previous Owner Cebuma Nanette $270,400
Previous Owner Utz Steven Gregory $147,350
Closed Cebuma Nanette $67,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $625,000 +4.2% $612 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $599,999 -- $587 / 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 $6,517 $637,500 $537,767 $99,733
2024 $6,517 $625,000 $527,222 $97,778
2023 $5,221 $497,207 $407,875 $89,332
2022 $5,128 $487,458 $399,877 $87,581
2021 $5,026 $477,900 $392,036 $85,864
2020 $5,253 $505,920 $410,412 $95,508
2019 $5,147 $496,000 $402,364 $93,636
2018 $4,878 $470,000 $376,364 $93,636
2017 $4,327 $418,000 $324,364 $93,636
2016 $3,843 $371,000 $277,364 $93,636
2015 $3,578 $345,000 $251,364 $93,636
2014 $3,239 $313,725 $220,089 $93,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23131255

California Regional Multiple Listing Service (CRMLS)

APN: 939-946-94