NOT LISTED FOR SALE

28182 Palmada Mission Viejo, CA 92692

Estimated Value: $1,446,818 - $1,621,000

4 Beds
2.5 Baths
2,602 Sq Ft
$576/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $910,000 $350 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $8,808/month

54 Days on Market

Highlights

  • Primary Bedroom Suite
  • Community Lake
  • Cathedral Ceiling
  • Philip J. Reilly Elementary Rated A
  • Fireplace in Primary Bedroom
  • Great Room

About This Home

As of December 2020

This spacious and beautiful 2 story home of 2,602 sqft is located on the popular Madrid Del Lago neighborhood at the end of a private and elevated cul-de-sac. The lake is only a 5 minute walk away.

The home features 3 bedrooms plus a large study room, 2.5 baths, and 3 car garages. The large master bedroom with fireplace and balcony provides a cozy ambiance.
The living room is adjacent to the formal dining area and a family room with fireplace by the kitchen provides plenty of room for entertaining. House has a large laundry room with lots of storage making laundry day easy. New hi-efficiency 2 speed HVAC system was recently install. Home comes with a Lake membership which makes available boats, kayaks, paddleboards, etc. The lake has great fishing too.

Owner may allow new buyer to take over payments on the existing loan. Contact Broker for details.

Buyer’s agent must submit PEAD form prior to showing the property.

Last Agent to Sell the Property

Gerald A. Lemoine

The Lemoine Group, Inc License #01903356 Listed on: 10/08/2020

Last Buyer's Agent

Eric Chao

Pinnacle Real Estate Group License #01964792

Pinnacle Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,718

Year Built

  • Built in 1979

Lot Details

  • 5,520 Sq Ft Lot
  • Cul-De-Sac

HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 2,602 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Home Office
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Utilities

  • SEER Rated 16+ Air Conditioning Units
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 9895
  • Assessor Parcel Number 81139123

Community Details

Overview

  • Mission Viejo Environmental Association, Phone Number (949) 450-0202
  • Action Property Management HOA
  • Madrid Del Lago Subdivision
  • Community Lake

Recreation

  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,718

Year Built

Built in 1979

Lot Details

0

HOA Fees

$81 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: 562-879-0954
  • Property Attached: No
  • Subdivision Name Other: Madrid Del Lago (ML)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 81139123
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2602.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 349.73
  • Room Type: All Bedrooms Up, Den, Great Room, Kitchen, Laundry, Living Room, Master Suite, Office, Walk-In Closet

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Seer Rated 16+
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Biking Trails, Hiking Trails
  • Association Fee: 179.26
  • Association #2 Fee: 127.00
  • Association #2 Fee Frequency: Semi-Annually
  • Association Fee Frequency: Quarterly
  • Association Name: Mission Viejo Environmental
  • Phone: 949-450-0202
  • Senior Community: No
  • Community Features: Lake
  • Association Management: Action Property Management

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 5520.00
  • Lot Size Acres: 0.1267

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5520.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 320.35
  • Tax Lot: 19
  • Tax Tract Number: 9895

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Feb 11, 2021
Sold by
Gotch John Martin and Wei Kathy Sike
Bought by
Gotch John Martin and Wet Kathy Sike
Seller's Agent
Gerald A. Lemoine
The Lemoine Group, Inc
Buyer's Agent
Eric Chao
Pinnacle Real Estate Group
List Price
$899,900
Sold Price
$910,000
Premium/Discount to List
$10,100
1.12%
Current Estimated Value
$1,497,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$587,705
Avg. Annual Appreciation
10.91%

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 3, 2020
Sold by
Lemoine Gerald A and The Hunt Trust
Bought by
Wei Kathy Sike Tian and Gotch John Martin
Seller's Agent
Gerald A. Lemoine
The Lemoine Group, Inc
Buyer's Agent
Eric Chao
Pinnacle Real Estate Group
List Price
$899,900
Sold Price
$910,000
Premium/Discount to List
$10,100
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$588,645
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$909,060

Purchase Details

Closed on
Aug 29, 2016
Sold by
Hunt Patrick J and Hunt Kimberly R
Bought by
The Hunt Trust

Purchase Details

Closed on
Aug 10, 2005
Sold by
Desert Vacation Homes Llc
Bought by
Hunt Patrick J and Hunt Kimberly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2005
Sold by
Wheelock Kevin and Wheelock Kirsten
Bought by
Desert Vacation Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2003
Sold by
Bunker Mardee M
Bought by
Wheelock Kevin and Wheelock Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,600
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2003
Sold by
Bunker Donald D
Bought by
Bunker Mardee M
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
Gotch John Martin -- Ticor Title Company Of Ca
Wei Kathy Sike Tian $910,000 Ticor Title Company
The Hunt Trust $47,000 None Available
Hunt Patrick J $760,000 Equity Title
Desert Vacation Homes Llc -- Equity Title
Wheelock Kevin $562,000 Fidelity National Title Co
Bunker Mardee M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wei Kathy Sike Tian $660,000
Previous Owner Hunt Patrick J $608,000
Previous Owner Wheelock Kevin $449,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $910,000 +1.1% $350 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/15/2020 11/15/20 Price Changed $899,900 0.0% $346 / Sq Ft
11/15/2020 11/15/20 For Sale $899,900 -1.1% $346 / Sq Ft
10/20/2020 10/20/20 Off Market $910,000 -- --
10/08/2020 10/08/20 For Sale $949,000 0.0% $365 / Sq Ft
03/17/2017 03/17/17 Rented $3,600 -1.4% --
02/28/2017 02/28/17 For Rent $3,650 -- --
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 $9,718 $985,012 $768,243 $216,769
2024 $9,718 $965,699 $753,180 $212,519
2023 $9,511 $946,764 $738,412 $208,352
2022 $9,328 $928,200 $723,933 $204,267
2021 $9,218 $910,000 $709,738 $200,262
2020 $7,673 $756,933 $566,240 $190,693
2019 $7,522 $742,092 $555,138 $186,954
2018 $7,378 $727,542 $544,253 $183,289
2017 $7,234 $713,277 $533,581 $179,696
2016 $7,981 $786,818 $591,066 $195,752
2015 $7,877 $775,000 $582,188 $192,812
2014 $7,233 $711,000 $518,188 $192,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20212049

California Regional Multiple Listing Service (CRMLS)

APN: 811-391-23