RENTED AUG 14, 2025

Estimated Value: $202,000 - $391,000

3 Beds
3 Baths
1,599 Sq Ft
13,068 Sq Ft Lot

Last Sold November 24, 2015

Last sale price $183,000 $114 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,999/month

Highlights

  • Fitness Center
  • No Units Above
  • Gated Parking
  • Rancho Verde High School Rated A-
  • Primary Bedroom Suite
  • 4-minute walk to Victoriano Park

About This Home

As of August 2025

Welcome to this beautifully updated two-story condo located in the desirable gated community of Palacio de Oro South in Rancho Belago. Updated two-story condo with fresh paint and brand-new LVP flooring throughout. Features include 3 bedrooms, 3 full bathrooms, a two-car garage, and a small fenced patio. The kitchen has a pantry, and there's extra storage under the stairs. Refrigerator, washer, and dryer included (no warranty). Located in a gated community with access to Moreno Valley Ranch amenities: lake, pool, fitness center, and park. Walkable to shopping & dining. Very close to Kaiser and RUHS. Rancho Belago is a sought-after area known for its newer developments, community feel, and proximity to major roadways, schools, and parks. Ideal tenant will have income 3X rent amount, good credit, no evictions/BK, bank statement to show first month and security deposit. This is a non-smoking/vaping property. Pet's will be considered on a case by case basis.

Last Agent to Rent the Property

Adrienne Markes

Adrienne P. Markes, Broker Brokerage Phone: 714-396-2819 License #01808009 Listed on: 06/09/2025

Last Renter's Agent

Adrienne Markes

Adrienne P. Markes, Broker Brokerage Phone: 714-396-2819 License #01808009 Listed on: 06/09/2025

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2006

Lot Details

  • No Units Above
  • Two or More Common Walls
  • West Facing Home

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Gated Parking
  • Guest Parking
  • Parking Permit Required

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,599 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Alarm System

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Additional Features

  • Doors swing in
  • Energy-Efficient Appliances
  • Enclosed Patio or Porch
  • Property is near park and public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $2,750
  • Rent includes association dues, trash collection
  • 12-Month Minimum Lease Term
  • Available 6/6/25
  • Tax Lot 40C
  • Tax Tract Number 32145
  • Assessor Parcel Number 486532010

Community Details

Overview

  • Property has a Home Owners Association
  • 100 Units

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Sport Court
  • Fitness Center
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Year Built

Built in 2006

Lot Details

0.3 Acres

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-06-06
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 2750
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Call
  • Total Move In Costs: 5500.00
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: HOA, trash
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Gated Community, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Palacio de Oro South
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 486532010
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1599.00 Square Feet
  • Interior Amenities: Open Floorplan, Pantry, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Tile
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1.72
  • Room Type: Living Room, Main Floor Bedroom, Primary Bedroom, Primary Suite, Walk-In Closet
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Patio And Porch Features: Enclosed, Patio
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Door Opener, Gated, Guest, Permit Required
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Ice Maker, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Upper Level, Washer Included
  • Sewer: Other
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Barbecue, Sport Court, Gym/Ex Room, Clubhouse
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Green Features

  • Efficiency: Appliances

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street, Near Public Transit, Park Nearby

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Number Of Units In Community: 100
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Trash Collection

Tax Info

  • Tax Lot: 40C
  • Tax Tract Number: 32145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2025
Sold by
Gardner Robert and Gardner Heather P
Bought by
2006 Markes Family Trust and Markes
Current Estimated Value
$325,248

Purchase Details

Listed on
Oct 21, 2015
Closed on
Nov 9, 2015
Sold by
Penrice Tonya
Bought by
The 2006 Markes Family Trust
Seller's Agent
Jonathan Petersen
Taravo Realty
Buyer's Agent
Adrienne Markes
Adrienne P. Markes, Broker
List Price
$179,900
Sold Price
$183,000
Premium/Discount to List
$3,100
1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
Nov 6, 2009
Sold by
Hadland Bjarne
Bought by
Penrice Tonya

Purchase Details

Closed on
Nov 4, 2009
Sold by
Pacific Trend Properties Lp
Bought by
Penrice Tonya

Purchase Details

Closed on
Sep 24, 2009
Sold by
Dewett Lawrence
Bought by
Pacific Trend Properties Lp

Purchase Details

Closed on
Apr 12, 2006
Sold by
K Hovnanian Forecast Homes Inc
Bought by
Dewett Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,949
Interest Rate
7.95%
Mortgage Type
Fannie Mae Freddie Mac
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
2006 Markes Family Trust $200,000 California Title Company
The 2006 Markes Family Trust $183,000 First American Title Company
Penrice Tonya -- First American Title Company
Penrice Tonya $125,000 First American Title Company
Pacific Trend Properties Lp $72,800 None Available
Dewett Lawrence $327,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dewett Lawrence $293,949
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2025 08/14/25 Rented $2,750 0.0% --
08/13/2025 08/13/25 Under Contract -- -- --
06/09/2025 06/09/25 For Rent $2,750 +19.8% --
04/16/2021 04/16/21 Rented $2,295 0.0% --
04/13/2021 04/13/21 For Rent $2,295 0.0% --
04/07/2021 04/07/21 Under Contract -- -- --
03/30/2021 03/30/21 For Rent $2,295 0.0% --
03/23/2021 03/23/21 Off Market $2,295 -- --
03/23/2021 03/23/21 Price Changed $2,295 +9.3% $1 / Sq Ft
03/22/2021 03/22/21 For Rent $2,100 +16.7% --
03/08/2019 03/08/19 Rented $1,800 0.0% --
02/25/2019 02/25/19 For Rent $1,800 +5.9% --
03/11/2017 03/11/17 Rented $1,700 0.0% --
02/22/2017 02/22/17 For Rent $1,700 +6.3% --
02/18/2016 02/18/16 Rented $1,600 0.0% --
12/14/2015 12/14/15 For Rent $1,600 0.0% --
11/24/2015 11/24/15 Sold $183,000 0.0% $114 / Sq Ft View Prior Sale
10/26/2015 10/26/15 Pending -- -- --
10/24/2015 10/24/15 Off Market $183,000 -- --
10/21/2015 10/21/15 For Sale $179,900 -- $113 / 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 $3,132 $216,627 $41,427 $175,200
2023 $3,132 $208,217 $39,819 $168,398
2022 $3,078 $204,136 $39,039 $165,097
2021 $3,010 $200,134 $38,274 $161,860
2020 $2,963 $198,083 $37,882 $160,201
2019 $2,842 $194,200 $37,140 $157,060
2018 $2,795 $190,393 $36,414 $153,979
2017 $2,725 $186,660 $35,700 $150,960
2016 $2,689 $183,000 $35,000 $148,000
2015 $2,146 $134,249 $21,478 $112,771
2014 $2,107 $131,621 $21,058 $110,563
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25127591

California Regional Multiple Listing Service (CRMLS)

APN: 486-532-010

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