NOT LISTED FOR SALE

22734 Madrid Dr Lake Forest, CA 92630

Estimated Value: $597,000 - $828,000

2 Beds
1.5 Baths
1,020 Sq Ft
$360/mo HOA Fee

Last Sold February 09, 2022

Last sale price $565,000 $554 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,323/month

3 Days on Market

Highlights

  • No Units Above
  • Updated Kitchen
  • Community Pool
  • Serrano Intermediate School Rated A-
  • Quartz Countertops
  • Covered Patio or Porch

About This Home

As of February 2022

Beautiful two story Lake Forest condo for under $500,000. This home features 2 large bedrooms located upstairs with remodeled bathrooms featuring quartz counter tops. This lovely home features a remodeled kitchen with white shaker cabinets and quartz counter tops. One of the best features of this home is the attached single car garage with direct access which is a rarity in this community. You also have 1 driveway parking spot and one assigned parking spot right next to the home. This is an extremely rare scenario. Come see one of the lowest price condos available in Lake Forest. You have to hurry this won't last.

Last Agent to Sell the Property

Sergio Olvera

Innovate Realty, Inc. Brokerage Phone: 951-660-3195 License #01784239 Listed on: 01/15/2022

Last Buyer's Agent

Mark Lorico

Circle Real Estate License #01796968

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Wood Fence
  • 61405315

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Turnkey

Interior Spaces

  • 1,020 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dining Room

Kitchen

  • Updated Kitchen
  • Quartz Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Remodeled Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • El Toro High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 7056
  • Assessor Parcel Number 93343075
  • $103 per year additional tax assessments

Community Details

Overview

  • 92 Units
  • Rancho Viejo HOA, Phone Number (949) 330-6350
  • Platinum Management Group HOA
  • Rancho Viejo Condos II Subdivision

Recreation

  • Community Pool

Security

  • Carbon Monoxide Detectors

Property Details

Home Type

Condominium

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$360 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Rancho Viejo Condos II (RV2)
  • View: No
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93343075
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1020.00 Square Feet
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 553.92
  • Room Type: All Bedrooms Up
  • Bathroom Features: Shower In Tub, Remodeled
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Covered, Patio
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Association Name: Rancho Viejo HOA
  • Phone: 949-330-6350
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: Platinum Management Group

Schools

  • High School: El Toro
  • High School2: ELTOR

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 61405315
  • Land Lease: No
  • Latitude Manual: 33.63292600

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 92
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 524.16
  • Tax Lot: 1
  • Tax Tract Number: 7056
  • TaxOtherAnnualAssessmentAmount: 103.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Jan 21, 2022
Sold by
Kersten Brett M and Kersten Jeannine Katherine
Bought by
Amit Kevin
Seller's Agent
Sergio Olvera
Innovate Realty, Inc.
Buyer's Agent
Mark Lorico
Circle Real Estate
List Price
$499,900
Sold Price
$565,000
Premium/Discount to List
$65,100
13.02%
Current Estimated Value
$662,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,978
Avg. Annual Appreciation
4.12%
Original Mortgage
$452,000
Outstanding Balance
$418,968
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$244,011

Purchase Details

Listed on
Jan 11, 2017
Closed on
Jan 23, 2017
Sold by
Canaris Thomas and Canaris Maria Dolores
Bought by
Kersten Brett M and Christman Katherine Jeannine
Seller's Agent
Wendy Rawley
Circa Properties, Inc.
Buyer's Agent
Sandi Munoz
Seven Gables Real Estate
List Price
$374,000
Sold Price
$350,000
Premium/Discount to List
-$24,000
-6.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.18%
Original Mortgage
$343,660
Interest Rate
4.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 2004
Sold by
Canaris Thomas and Canaris Maria Dolores
Bought by
Canaris Thomas and Canaris Maria Dolores
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Amit Kevin $565,000 First American Title
Kersten Brett M $350,000 First American Title Company
Canaris Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amit Kevin $452,000
Previous Owner Kersten Brett M $343,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2022 02/09/22 Sold $565,000 0.0% $554 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
01/17/2022 01/17/22 Off Market $565,000 -- --
01/15/2022 01/15/22 For Sale $499,900 +42.8% $490 / Sq Ft
03/03/2017 03/03/17 Sold $350,000 -6.4% $343 / Sq Ft View Prior Sale
01/18/2017 01/18/17 Pending -- -- --
01/11/2017 01/11/17 For Sale $374,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,204 $599,582 $526,741 $72,841
2024 $6,204 $587,826 $516,413 $71,413
2023 $6,058 $576,300 $506,287 $70,013
2022 $3,960 $382,774 $318,967 $63,807
2021 $3,880 $375,269 $312,713 $62,556
2020 $3,844 $371,422 $309,507 $61,915
2019 $3,766 $364,140 $303,439 $60,701
2018 $3,695 $357,000 $297,489 $59,511
2017 $2,017 $198,828 $113,778 $85,050
2016 $1,982 $194,930 $111,547 $83,383
2015 $1,957 $192,002 $109,871 $82,131
2014 $1,914 $188,241 $107,718 $80,523
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG22008125

California Regional Multiple Listing Service (CRMLS)

APN: 933-430-75