NOT LISTED FOR SALE

40 Tierra Montanosa Rancho Santa Margarita, CA 92688

Estimated Value: $792,000 - $814,000

2 Beds
2 Baths
1,261 Sq Ft
$431/mo HOA Fee

Last Sold December 06, 2021

Last sale price $660,000 $523 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,407/month

8 Days on Market

Highlights

  • Filtered Pool
  • Primary Bedroom Suite
  • Open Floorplan
  • Melinda Heights Elementary School Rated A-
  • Updated Kitchen
  • Cathedral Ceiling

About This Home

As of December 2021

Welcome to Tierra Montanosa in the pleasant Melinda Heights neighborhood of Rancho Santa Margarita. This upgraded end-unit condominium is on the edge of the community, adjacent to a beautiful greenbelt that offers pleasing privacy and nature. This home includes 2 bedrooms and 2 full baths plus a loft perfect for an office or home gym. The large living room has soaring ceilings and a wall of windows that gives the room light and an airy feel. On cozy nights, the fireplace brings the warmth. Off the living room is a formal dining area and upgraded kitchen with stainless steel appliances, quartz countertops, farm sink and breakfast bar. You’ll even find a niche that’s perfect for homework or bill-paying station. The spacious master suite has ensuite with dual sinks, private toilet and walk-in closet. Wood flooring plus upgraded tile flooring in kitchen and baths. Plantation shutters throughout. But this is SoCal, and you have to appreciate the outdoors. … Enjoy evenings on the balcony with your favorite someone and beverage of choice, the sound of songbirds and a breeze wafting through the trees. It’s like living at your own retreat. The community swimming pool is just a block’s stroll away. And this home is conveniently located across the street from well-regarded Melinda Heights Elementary and HOA’s Altisima Park, which features large swimming pool, tennis court, basketball courts, baseball and soccer fields. Affordable HOA includes access to Rancho Santa Margarita Beach Club & Lagoon. Shopping, services and easy toll road access is nearby.

Last Agent to Sell the Property

Brian Bean

BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS License #01346382 Listed on: 10/21/2021

BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS

Co-Listed By

Tim Hardin

COLDWELL BANKER REALTY License #01771911

Last Buyer's Agent

Brittany Zamora

Mint Real Estate License #02083253

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,178

Year Built

  • Built in 1996

Lot Details

  • Two or More Common Walls
  • Wrought Iron Fence
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Guest Parking

Home Design

  • Turnkey
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 1,261 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Plantation Shutters
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Loft
  • Bonus Room
  • Park or Greenbelt Views

Kitchen

  • Galley Kitchen
  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Gas and Electric Range
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

Pool

  • Filtered Pool
  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Schools

  • Melinda Heights Elementary School
  • Rancho Santa Margarita Middle School
  • Trabuco Hills High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 14552
  • Assessor Parcel Number 93812287
  • $98 per year additional tax assessments

Community Details

Overview

  • 248 Units
  • Tierra Montanosa Association, Phone Number (949) 448-6000
  • Samlarc Association
  • First Service Residential HOA
  • Tierra Montanosa Subdivision
  • Greenbelt

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Banquet Facilities

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,178

Year Built

Built in 1996

Lot Details

0

HOA Fees

$431 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System
  • Subdivision Name Other: Tierra Montanosa (TIEM)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93812287
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1261.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Living Room Balcony, Living Room Deck Attached, Open Floorplan
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 523.39
  • Room Type: Bonus Room, Entry, Galley Kitchen, Kitchen, Living Room, Loft, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association, Community, In Ground
  • Window Features: Double Pane Windows, Plantation Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Master Bath, Exhaust Fan(s), Privacy Toilet Door
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Features: Association, Community, Filtered, In Ground
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Faces Side, Garage - Single Door, Garage Door Opener, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range
  • Heating Type: Central, Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: SAMLARC
  • Amenities: Pickleball, Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Tennis Court(s), Sport Court, Biking Trails, Hiking Trails, Banquet Facilities
  • Association Fee: 360.00
  • Association #2 Fee: 71.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Tierra Montanosa
  • Phone: 949-448-6000
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Hiking, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: First Service Residential

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Melinda Heights
  • Middle School: Rancho Santa Margarita
  • High School: Trabuco Hills
  • Elementary School: Melinda Heights
  • High School: Trabuco Hills
  • Middle Or Junior School: Rancho Santa Margarita
  • Elementary School #2: MELHEI
  • High School2: TRAHIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Greenbelt, Sprinkler System
  • Lot Size Sq Ft: 1.00
  • Latitude Manual: 33.65486800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1.0000 Square Feet
  • Number Of Units In Community: 248
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 320.49
  • Tax Lot: 4
  • Tax Tract Number: 14552
  • TaxOtherAnnualAssessmentAmount: 98.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Nov 3, 2021
Sold by
Cuevas Christian and Cueva Paola
Bought by
Ezri Idan Ben and Ezri Stefanie Brooke
Seller's Agent
Brian Bean
BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS
Buyer's Agent
Brittany Zamora
Mint Real Estate
List Price
$640,000
Sold Price
$660,000
Premium/Discount to List
$20,000
3.12%
Current Estimated Value
$803,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,519
Avg. Annual Appreciation
5.36%
Original Mortgage
$450,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2019
Closed on
Oct 29, 2019
Sold by
Malik Nadia and Malik Junaid
Bought by
Cuevas Christian and Cuevas Paola
Seller's Agent
Kamran Razmdjoo
Coldwell Banker Platinum Prop
Buyer's Agent
GREG BRETADO
AMERIPRIDE PROPERTIES INC.
List Price
$490,000
Sold Price
$475,000
Premium/Discount to List
-$15,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.78%
Original Mortgage
$412,000
Interest Rate
3.6%

Purchase Details

Listed on
Sep 4, 2017
Closed on
Sep 14, 2017
Sold by
Tulbure Cristian A
Bought by
Malik Nadia and Malik Junaid
Seller's Agent
Sharon Tansey Hughes
Hughes Realty Group
Buyer's Agent
Ruben Gonzales
NON-MEMBER/NBA or BTERM OFFICE
List Price
$475,000
Sold Price
$473,000
Premium/Discount to List
-$2,000
-0.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.20%
Original Mortgage
$449,350
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2015
Sold by
Tulbure Cristian A and Tulbure Dan C
Bought by
Tulbure Cristian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2013
Closed on
Jul 30, 2013
Sold by
Clunies Katherine Elizabeth
Bought by
Tulbure Christian A and Tulbure Dan C
Seller's Agent
Lisa Dunn
Laurel Real Estate Resources
Buyer's Agent
Kayhan Kavoosi
Realty One Group West
List Price
$398,900
Sold Price
$399,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%
Original Mortgage
$319,200
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2010
Sold by
Little Lance and Little Kimberly
Bought by
Clunies Katherine Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,987
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 2007
Sold by
Cioffari John and Cioffari Seth M
Bought by
Little Lance and Little Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
6.12%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 14, 2005
Sold by
Cioffari John
Bought by
Cioffari John and Cioffari Seth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 1997
Sold by
Tierra Ltd
Bought by
Cioffari John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,992
Interest Rate
7.33%
Source: Public Records

Range of Values:

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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
Ezri Idan Ben $660,000 Ticor Title Riverside
Cuevas Christian $475,000 Lawyers Title Company
Malik Nadia $473,000 Ticor Title
Tulbure Cristian A -- Nextitle
Tulbure Christian A $399,000 First American Title Company
Clunies Katherine Elizabeth $302,000 Lawyers Title
Little Lance $475,000 California Title Company
Cioffari John -- Ticor Title Company
Cioffari John $150,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuevas Christian $450,000
Previous Owner Cuevas Christian $412,000
Previous Owner Malik Nadia $449,350
Previous Owner Tulbure Cristian A $317,000
Previous Owner Tulbure Cristian A $318,000
Previous Owner Tulbure Christian A $319,200
Previous Owner Clunies Katherine Elizabeth $290,870
Previous Owner Clunies Katherine Elizabeth $297,987
Previous Owner Little Lance $47,500
Previous Owner Little Lance $380,000
Previous Owner Cioffari John $271,000
Previous Owner Cioffari John $260,000
Previous Owner Cioffari John $205,000
Previous Owner Cioffari John $113,629
Previous Owner Cioffari John $115,003
Previous Owner Cioffari John $33,700
Previous Owner Cioffari John $119,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $660,000 +3.1% $523 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $640,000 +34.7% $508 / Sq Ft
12/03/2019 12/03/19 Sold $475,000 -1.0% $377 / Sq Ft
10/15/2019 10/15/19 Price Changed $479,999 -0.4% $381 / Sq Ft
09/29/2019 09/29/19 Price Changed $482,000 -1.6% $382 / Sq Ft
09/10/2019 09/10/19 For Sale $490,000 +3.6% $389 / Sq Ft
10/19/2017 10/19/17 Sold $473,000 0.0% $375 / Sq Ft
09/09/2017 09/09/17 Pending -- -- --
09/05/2017 09/05/17 Price Changed $473,000 -0.4% $375 / Sq Ft
09/04/2017 09/04/17 For Sale $475,000 +19.0% $377 / Sq Ft
08/30/2013 08/30/13 Sold $399,000 0.0% $316 / Sq Ft
07/17/2013 07/17/13 For Sale $398,900 -- $316 / 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 $7,178 $700,397 $529,612 $170,785
2024 $7,178 $686,664 $519,227 $167,437
2023 $7,013 $673,200 $509,046 $164,154
2022 $6,898 $660,000 $499,064 $160,936
2021 $4,985 $479,921 $315,598 $164,323
2020 $4,975 $475,000 $312,361 $162,639
2019 $5,693 $482,460 $334,355 $148,105
2018 $6,109 $473,000 $327,799 $145,201
2017 $5,751 $421,441 $267,487 $153,954
2016 $5,783 $413,178 $262,242 $150,936
2015 $5,658 $406,972 $258,303 $148,669
2014 -- $399,000 $253,243 $145,757
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21225389

California Regional Multiple Listing Service (CRMLS)

APN: 938-122-87