NOT LISTED FOR SALE

Estimated Value: $662,000 - $699,000

1 Bed
1 Bath
735 Sq Ft
$515/mo HOA Fee

Last Sold November 12, 2021

Last sale price $610,000 $830 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,743/month

3 Days on Market

Highlights

  • 24-Hour Security
  • Spa
  • Clubhouse
  • John Malcom Elementary School Rated A
  • Golf Course View
  • Main Floor Primary Bedroom

About This Home

As of November 2021

RARELY ON THE MARKET – Single Level, No Stairs with Vaulted Ceilings. No one above you. Newer windows, patio doors and air conditioning. Live your dream. Live at the beach. If living less than 5,000 feet from the world-famous Southern California Salt Creek beach is your dream, then this is the property for you. Don't miss the chance to live in a home with golf course views and a walking path directly to the Pacific Ocean. Fabulous one-bedroom Ritz Point penthouse condo featuring a bright, open floor plan with vaulted ceilings and no one above you. Fireplace with gas log, newer windows, and patio doors. The kitchen offers stainless steel appliances, a greenhouse window, while the living room boast a sizable balcony that is ideal for entertaining. Enjoy a master bedroom with a large walk-in closet with plenty of storage space, and a balcony with peek golf course views. The laundry room is located in the balcony closet. Move-in condition, just bring your love for the beach! It is virtually impossible to get this close to the beach at this low affordable price. Surrounded by multi-million-dollar custom estates this home is located behind the 24 hour guarded gates of Ritz Point. Escape to the beach, feel the ocean’s negative ions as you lounge at the beach & rejuvenate your soul. Then awake from the paradise of living at the beach & return the hustle & bustle of your busy work schedule. Just a short walk to the world-famous Waldorf Astoria, Ritz Carlton Resort and the Monarch Beach Golf Links.

Last Agent to Sell the Property

John Rennie

RE/MAX One License #01269397 Listed on: 10/09/2021

Last Buyer's Agent

John Rennie

RE/MAX One License #01269397 Listed on: 10/09/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,004

Year Built

  • Built in 1989

HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 735 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Golf Course Views
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available

Schools

  • Malcom Elementary School
  • Marco Forester Middle School
  • Dana Hills High School

Additional Features

  • Spa
  • Two or More Common Walls
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 93936483

Community Details

Overview

  • 325 Units
  • Monarch Hills Condo Association, Phone Number (949) 215-5000
  • Total Property Management Association, Phone Number (949) 261-8282
  • Keystone Pacific HOA
  • Monarch Hills Condos Subdivision

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,004

Year Built

Built in 1989

Lot Details

0

HOA Fees

$515 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Ad Number: 949-215-5000
  • Property Attached: Yes
  • Security: 24 Hour Security, Gated with Attendant
  • Subdivision Name Other: Monarch Hills Condos (MHC)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93936483
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 735.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 829.93
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom
  • Spa Features: Association

Exterior Features

  • View: Golf Course
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Corniche Master Association
  • Amenities: Pool, Spa/Hot Tub, Clubhouse, Trash, Sewer, Water
  • Association Fee: 415.00
  • Association #2 Fee: 100.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Monarch Hills Condo Association
  • Phone: 949-215-5000
  • Association Phone #2: 949-261-8282
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs
  • Association Management: Keystone Pacific
  • Association Management 2: Total Property Management

Schools

  • School District: Capistrano Unified
  • Elementary School: Malcom
  • Middle School: Marco Forester
  • High School: Dana Hills
  • Elementary School: Malcom
  • High School: Dana Hills
  • Middle Or Junior School: Marco Forester
  • Elementary School #2: MALCOM
  • High School2: DANHIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Latitude Manual: 33.48883400

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 325
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2021
Closed on
Oct 14, 2021
Sold by
Colombo Jack P and Colombo June D
Bought by
Arend Peter J Vander and Arend Annette C
Seller's Agent
John Rennie
RE/MAX One
Buyer's Agent
John Rennie
RE/MAX One
List Price
$599,900
Sold Price
$610,000
Premium/Discount to List
$10,100
1.68%
Current Estimated Value
$684,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,100
Avg. Annual Appreciation
4.23%
Original Mortgage
$400,000
Outstanding Balance
$367,400
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$348,025

Purchase Details

Closed on
Dec 30, 2014
Sold by
Colombo Jack P and Colombo June D
Bought by
Colombo Jack and Irrevocable Colombo Irrevocable

Purchase Details

Closed on
Dec 17, 2013
Sold by
Colombo Jack P and Colombo June D
Bought by
Colombo Joseph and Mcgowan Melissa

Purchase Details

Closed on
Dec 31, 2008
Sold by
Miller Bradford H and Miller Kathleen Clary
Bought by
Colombo Jack P and Colombo June D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2007
Sold by
Delano Kathleen Clary
Bought by
Miller Bradford H and Miller Kathleen Clary

Purchase Details

Closed on
Jun 3, 1997
Sold by
Wohlers Jane Lindermann
Bought by
Wohlers Albert Harry

Purchase Details

Closed on
May 13, 1994
Sold by
Monarch Beach Venture Ltd
Bought by
Wohlers Albert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
8.53%
Source: Public Records

Range of Values:

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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
Arend Peter J Vander $610,000 Chicago Title Company
Colombo Jack -- None Available
Colombo Joseph -- None Available
Colombo Jack P $280,000 Fidelity National Title Co
Miller Bradford H -- None Available
Wohlers Albert Harry -- First American Title Ins Co
Wohlers Albert H $102,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arend Peter J Vander $400,000
Previous Owner Colombo Jack P $250,000
Previous Owner Colombo Jack P $200,700
Previous Owner Colombo Jack P $224,000
Previous Owner Wohlers Albert H $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $610,000 +1.7% $830 / Sq Ft
10/09/2021 10/09/21 For Sale $599,900 -- $816 / 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 $7,004 $647,336 $550,955 $96,381
2024 $7,004 $634,644 $540,152 $94,492
2023 $6,807 $622,200 $529,560 $92,640
2022 $6,633 $610,000 $519,176 $90,824
2021 $3,808 $333,107 $227,694 $105,413
2020 $3,804 $329,692 $225,359 $104,333
2019 $3,725 $323,228 $220,940 $102,288
2018 $3,637 $316,891 $216,608 $100,283
2017 $3,547 $310,678 $212,361 $98,317
2016 $3,465 $304,587 $208,197 $96,390
2015 $3,304 $300,012 $205,069 $94,943
2014 $3,247 $294,136 $201,052 $93,084
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21223504

California Regional Multiple Listing Service (CRMLS)

APN: 939-364-83