NOT LISTED FOR SALE

21785 Michigan Ln Lake Forest, CA 92630

Estimated Value: $1,319,719 - $1,573,000

3 Beds
2 Baths
1,356 Sq Ft
$1,049/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $1,148,000 $847 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,247/month

52 Days on Market

Highlights

  • Lake Front
  • Boat Dock
  • Fitness Center
  • Rancho Canada Elementary School Rated A-
  • Parking available for a boat
  • Lap Pool

About This Home

As of February 2023

RARE OPPORTUNITY! BEAUTIFULLY LOCATED LAKEFRONT PROPERTY!! Enjoy resort style living with this nicely upgraded single family residence located in the coveted Lake Forest Keys. Relax on the quiet waterfront patio with private boat dock and enjoy the bright upgraded kitchen with island and large open dining and living area with views of the water. 3 bedrooms, 1.75 bathroom, including a larger primary bedroom with 3/4 bath. Inside Laundry and attached 2 car garage. This property has been impeccably maintained and is move in ready with room for upgrades as the new owner sees fit. This opportunity won't last! Great place to call home!

Last Agent to Sell the Property

David Sanford

David Sanford, Broker License #00826382 Listed on: 12/09/2022

Co-Listed By

Gaston Sanford

David Sanford, Broker License #02023145

Last Buyer's Agent

James Oronoz

Circa Properties, Inc. License #02056694

Circa Properties, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,941

Year Built

  • Built in 1975

Lot Details

  • 3,600 Sq Ft Lot
  • Lake Front
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway
  • Parking available for a boat

Property Views

  • Lake
  • Mountain

Interior Spaces

  • 1,356 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Additional Features

  • Lap Pool
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 356
  • Tax Tract Number 7197
  • Assessor Parcel Number 61419823
  • $29 per year additional tax assessments

Community Details

Overview

  • Lake Forest Keys Association, Phone Number (949) 586-0860
  • Lake Forest Keys Subdivision
  • Community Lake

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Clubhouse

Recreation

  • Boat Dock
  • Tennis Courts
  • Pickleball Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,941

Year Built

Built in 1975

Lot Details

0

HOA Fees

$308 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Lake Forest Keys (LK)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 61419823
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1356.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 846.61
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • View: Lake, Mountain(s)
  • Pool Features: Association, Community, Lap
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Boat, Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Sauna, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Dock, Tennis Court(s), Gym/Ex Room, Clubhouse
  • Association Fee: 235.00
  • Association #2 Fee: 73.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Lake Forest Keys
  • Phone: 9495860860
  • Senior Community: No
  • Community Features: Biking, Lake, Park
  • Association Management: Lake Forest Keys

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3600.00
  • Lot Size Acres: 0.0826

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3600.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Lake Front

Tax Info

  • Tax Census Tract: 524.08
  • Tax Lot: 356
  • Tax Tract Number: 7197
  • TaxOtherAnnualAssessmentAmount: 29.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
Feb 13, 2023
Sold by
Farrage Revocable Trust
Bought by
Armeson Eric and Armeson Adriana
Seller's Agent
David Sanford
David Sanford, Broker
Buyer's Agent
James Oronoz
Circa Properties, Inc.
List Price
$1,269,900
Sold Price
$1,148,000
Premium/Discount to List
-$121,900
-9.6%
Views
45
Current Estimated Value
$1,422,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,180
Avg. Annual Appreciation
8.35%
Original Mortgage
$918,400
Outstanding Balance
$889,584
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$532,596

Purchase Details

Closed on
Apr 21, 2003
Sold by
Farrage David J and Farrage Frieda
Bought by
Farrage David J and Farrage Frieda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.6%

Purchase Details

Closed on
Apr 4, 2003
Sold by
Robertson Brian C and Robertson Lori H
Bought by
Farrage David J and Farrage Frieda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.6%

Purchase Details

Closed on
Dec 6, 2002
Sold by
Bray Peter Robert and Bray Peta
Bought by
Robertson Brian C and Robertson Lori H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,600
Interest Rate
6.06%

Purchase Details

Closed on
Jun 4, 2001
Sold by
Bray Peter Robert and Bray Peta
Bought by
Bray Peter R and Bray Peta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.26%

Purchase Details

Closed on
Feb 17, 1999
Sold by
Suc Northern Trust Bank Of California N
Bought by
Sevigny Jacques P and Sevigny Jeaninne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.95%

Purchase Details

Closed on
May 14, 1997
Sold by
Trust Services Of America Inc
Bought by
Northern Trust Bank Of California Na
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
Armeson Eric $1,148,000 First American Title
Farrage David J -- --
Farrage David J $505,000 Fidelity National Title
Robertson Brian C $537,000 Fidelity National Title
Bray Peter R -- Fidelity National Title Ins
Bray Peter Robert $400,000 --
Sevigny Jacques P $306,000 Fidelity National Title Ins
Northern Trust Bank Of California Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armeson Eric $918,400
Previous Owner Farrage David J $160,000
Previous Owner Robertson Brian C $429,600
Previous Owner Bray Peter Robert $275,000
Previous Owner Sevigny Jacques P $260,000
Closed Bray Peter Robert $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $1,148,000 -2.3% $847 / Sq Ft
01/22/2023 01/22/23 Price Changed $1,175,000 -7.5% $867 / Sq Ft
12/09/2022 12/09/22 For Sale $1,269,900 -- $937 / 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 $5,941 $580,484 $516,469 $64,015
2024 $5,941 $569,102 $506,342 $62,760
2023 $954 $97,227 $34,301 $62,926
2022 $936 $95,321 $33,628 $61,693
2021 $915 $93,452 $32,968 $60,484
2020 $907 $92,494 $32,630 $59,864
2019 $888 $90,681 $31,990 $58,691
2018 $870 $88,903 $31,362 $57,541
2017 $851 $87,160 $30,747 $56,413
2016 $836 $85,451 $30,144 $55,307
2015 $824 $84,168 $29,691 $54,477
2014 $804 $82,520 $29,110 $53,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22248113

California Regional Multiple Listing Service (CRMLS)

APN: 614-198-23