NOT LISTED FOR SALE

25538 Azalea Unit 66 Lake Forest, CA 92630

Estimated Value: $594,000 - $636,000

2 Beds
2 Baths
953 Sq Ft
$335/mo HOA Fee

Last Sold August 10, 2021

Last sale price $450,000 $472 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,994/month

10 Days on Market

Highlights

  • Heated Spa
  • Primary Bedroom Suite
  • Cathedral Ceiling
  • Rancho Canada Elementary School Rated A-
  • View of Trees or Woods
  • Balcony

About This Home

As of August 2021

Looking for a nice, affordable home? This one, at Serrano Sand Castle, is a must see! Lovely 2 bedroom, 2 bathroom, end-unit, condominium on the upper floor. Premium location on an elevated portion of the property (above most of the Sand Castle community), with a separate entry resulting in less traffic and a more serene environment. This home has been very well kept by the current tenants of 6 years. Terrific floor plan, with the kitchen open to the dining area and living room. The living room is enhanced by the vaulted ceiling and a cozy fireplace. The king size master suite features a very large closet and it's own intimate balcony. In the 2nd bedroom there is plenty of room for a queen size bed, and ample closet space. The 2nd bathroom is located off a central hallway, as is the laundry closet (with stacked washer and dryer included). There is a covered carport, close by, as well as ample guest parking. Highly rated public schools. (Saddleback Valley USD) No Mello-Roos (Property tax rate is approximately 1.05%) Great first time buyer home, or investment property. 6.5% CAP RATE potential, at pro-forma rent.

Last Agent to Sell the Property

Christopher Kenmore

Kenmore Realty Group License #01146873 Listed on: 07/09/2021

Last Buyer's Agent

Vickie Sun

Trustige Realty Group, Inc. License #02041988

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,934

Year Built

  • Built in 1987

HOA Fees

  • $335 Monthly HOA Fees

Property Views

  • Woods
  • Neighborhood

Home Design

  • Fire Rated Drywall
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 953 Sq Ft Home
  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available
  • Guest Parking
  • Assigned Parking

Pool

  • Heated Spa
  • In Ground Spa

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

Additional Features

  • Balcony
  • Two or More Common Walls
  • Suburban Location

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 10931
  • Assessor Parcel Number 93995305

Community Details

Overview

  • 76 Units
  • Serrano Sand Castle Association, Phone Number (949) 716-3998
  • Powerstone HOA
  • Sand Castle Subdivision

Recreation

  • Community Spa

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,934

Year Built

Built in 1987

Lot Details

0

HOA Fees

$335 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Washer and dryer
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Sand Castle (SAC)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93995305
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 953.00 Square Feet
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Tile Counters, Unfurnished
  • Entry Location: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 472.19
  • Room Type: Kitchen, Living Room, Master Suite
  • Spa Features: Association, Heated, In Ground
  • Window Features: Blinds
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Tile Counters

Exterior Features

  • View: Neighborhood, Trees/Woods
  • Fence: No
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Guest
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave
  • Heating Type: Central, Natural Gas
  • Laundry Features: In Closet, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Spa/Hot Tub
  • Association Fee: 335.00
  • Association Fee Frequency: Monthly
  • Association Name: Serrano Sand Castle
  • Phone: 949-716-3998
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Suburban
  • Association Management: Powerstone

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
  • Latitude Manual: 33.65575700

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 76
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 524.25
  • Tax Lot: 10
  • Tax Tract Number: 10931

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 6, 2021
Sold by
Wu Hsiu Ling
Bought by
Wu Jay Y
Seller's Agent
Christopher Kenmore
Kenmore Realty Group
Buyer's Agent
Vickie Sun
Trustige Realty Group, Inc.
List Price
$439,900
Sold Price
$450,000
Premium/Discount to List
$10,100
2.3%
Current Estimated Value
$612,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,785
Avg. Annual Appreciation
7.72%
Original Mortgage
$337,500
Outstanding Balance
$307,350
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$305,435

Purchase Details

Listed on
Jul 9, 2021
Closed on
Jul 21, 2021
Sold by
Rice George
Bought by
Wu Jay Y
Seller's Agent
Christopher Kenmore
Kenmore Realty Group
Buyer's Agent
Vickie Sun
Trustige Realty Group, Inc.
List Price
$439,900
Sold Price
$450,000
Premium/Discount to List
$10,100
2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Outstanding Balance
$307,350
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$305,435

Purchase Details

Closed on
Aug 6, 2002
Sold by
Wisener Joann F
Bought by
Rice George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.11%
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
Wu Jay Y -- Lawyers Title
Wu Jay Y $450,000 Lawyers Title
Rice George $190,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Jay Y $337,500
Closed Wu Jay Y $337,500
Previous Owner Rice George $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $450,000 +2.3% $472 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $439,900 0.0% $462 / Sq Ft
02/24/2015 02/24/15 Rented $1,700 -4.2% --
01/25/2015 01/25/15 Under Contract -- -- --
01/14/2015 01/14/15 For Rent $1,775 -- --
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 $4,934 $477,543 $382,752 $94,791
2024 $4,934 $468,180 $375,247 $92,933
2023 $4,818 $459,000 $367,889 $91,111
2022 $4,733 $450,000 $360,675 $89,325
2021 $2,664 $254,218 $149,963 $104,255
2020 $2,641 $251,612 $148,426 $103,186
2019 $2,588 $246,679 $145,516 $101,163
2018 $2,540 $241,843 $142,663 $99,180
2017 $2,489 $237,101 $139,865 $97,236
2016 $2,448 $232,452 $137,122 $95,330
2015 $2,419 $228,961 $135,062 $93,899
2014 $2,366 $224,476 $132,416 $92,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21135438

California Regional Multiple Listing Service (CRMLS)

APN: 939-953-05