$399,000
SOLD AUG 30, 2013

40 Tierra Montanosa Rancho Santa Margarita, CA 92688

2 Beds
2 Baths
1,261 Sq Ft
$330/mo HOA Fee

Recently Sold

$316 Per Sq Ft

7 Days on Market

Highlights

  • Private Pool
  • Primary Bedroom Suite
  • Property is near a park
  • Melinda Heights Elementary School Rated A-
  • City Lights View
  • Cathedral Ceiling

About This Home

As of December 2021

Cute as can be 2 bedroom PLUS LOFT with attached 2 car garage with direct access AND A VIEW!! One of the best locations in the neighborhood, one of the few carriage units with an eastern orientation. Private location on perimeter of tract allows for wonderful views of hills, trees & city lights. Enjoy watching the sunrise with a cup of coffee from your wrap around balcony. It even has high quality rolling shades on the sides for privacy when you want it. Inside is an adorable home with neutral décor & flooring, ready for your personalized touches. High ceilings with tons of windows and light. Roomy kitchen has dark cabinetry and a breakfast bar. Plantation shutters and decorator touches throughout. Loft area makes a perfect home office and stays cool with good AC venting! Brand new AC installed last month, so stay nice & cool this summer. Walk to award winning Melinda Heights Elementary, Altisima park, hiking trails. Close access to 241 tollroad, shopping & hotel. Motivated seller needs to get this in escrow today, so we priced this right. Lower price as smaller, non-view units!

Last Agent to Sell the Property

Lisa Dunn

Laurel Real Estate Resources License #01161749 Listed on: 07/17/2013

Last Buyer's Agent

Kayhan Kavoosi

Realty One Group West License #01298977

Realty One Group West

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,178

Year Built

  • Built in 1996

Lot Details

  • End Unit
  • Two or More Common Walls
  • Southeast Facing Home

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Guest Parking

Property Views

  • City Lights
  • Woods
  • Hills

Home Design

  • Spanish Architecture
  • Planned Development
  • Tile Roof

Interior Spaces

  • 1,261 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Plantation Shutters
  • Living Room with Fireplace
  • Family or Dining Combination
  • Den
  • Loft
  • Carpet
  • Breakfast Bar

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Wrap Around Porch
  • Patio

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 14552
  • Assessor Parcel Number 93812287

Community Details

Overview

  • 200 Units
  • Foothills

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,178

Year Built

Built in 1996

Lot Details

0

HOA Fees

$330 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Tierra Montanosa (TIEM)
  • View: Yes
  • Architectural Style: Spanish
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93812287
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1261.00
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Two Story Ceilings
  • Stories: 3
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Carpet
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, In Family Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 316.42
  • Room Type: All Bedrooms Up, Den, Loft, Living Room, Master Suite
  • Spa Features: Association
  • Window Features: Double Pane Windows, Plantation Shutters

Exterior Features

  • Patio: Yes
  • Direction Faces: Southeast
  • View: City Lights, Hills, Trees/Woods
  • Patio And Porch Features: Covered, Wrap Around
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Guest
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 275.00
  • Association #2 Fee: 55.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Foothills, Suburban

Schools

  • School District: Saddleback Valley Unified

Lot Info

  • Lot Features: Park Nearby, Planned Unit Development
  • Lot Size Sq Ft: 1000.00
  • Lot Size Acres: 0.0230

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1000.0000 Square Feet
  • Number Of Units In Community: 200
  • Number Of Units Total: 200

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 14552

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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $660,000 Ticor Title Riverside
Warranty Deed $475,000 Lawyers Title Company
Grant Deed $473,000 Ticor Title
Interfamily Deed Transfer -- Nextitle
Grant Deed $399,000 First American Title Company
Grant Deed $302,000 Lawyers Title
Grant Deed $475,000 California Title Company
Interfamily Deed Transfer -- Ticor Title Company
Grant Deed $150,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $450,000 New Conventional
Previous Owner $412,000 No Value Available
Previous Owner $449,350 New Conventional
Previous Owner $317,000 New Conventional
Previous Owner $318,000 New Conventional
Previous Owner $319,200 New Conventional
Previous Owner $290,870 FHA
Previous Owner $297,987 FHA
Previous Owner $47,500 Stand Alone Second
Previous Owner $380,000 Purchase Money Mortgage
Previous Owner $271,000 Purchase Money Mortgage
Previous Owner $260,000 Credit Line Revolving
Previous Owner $205,000 Credit Line Revolving
Previous Owner $113,629 Unknown
Previous Owner $115,003 Unknown
Previous Owner $33,700 Credit Line Revolving
Previous Owner $119,992 No Value Available
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: OC13141029

California Regional Multiple Listing Service (CRMLS)

APN: 938-122-87