$473,000
SOLD OCT 19, 2017

40 Tierra Montanosa Rancho Santa Margarita, CA 92688

2 Beds
2 Baths
1,261 Sq Ft
$361/mo HOA Fee

Recently Sold

$375 Per Sq Ft

5 Days on Market

Highlights

  • Primary Bedroom Suite
  • View of Trees or Woods
  • Property is near a park
  • Melinda Heights Elementary School Rated A-
  • Open Floorplan
  • Cathedral Ceiling

About This Home

As of December 2021

Light, bright, private, spacious 2 bedroom plus LOFT with wrap-around balcony. Serene views of lush, mature trees on landscaped hillside. Location, location, location of this Condo is Amazing! This highly desirable end unit feels more like a detached home with ideal privacy and park-like surroundings. Over sized, chic windows bring in abundance amount of natural light all day long. Open floor plan provides inviting features such as, family room off kitchen, breakfast bar and 2 story high ceilings. Designer upgrades include dark maple cabinets, beautiful flooring, and wood plantation shutters throughout. Dual vanity in master suite bath, spacious walk-in closet, and attached 2 car garage with access to inside of condo. 2 Full Baths - master suite AND second bath. The association dues include a pool and spa, exterior paint and roof maintenance. HOA also includes access to numerous pools and clubhouses in the Rancho Santa Margarita community and access to the beach club at the Rancho Santa Margarita Lake. Award winning school, Malinda Heights Elementary across near by.

Last Agent to Sell the Property

Sharon Tansey Hughes

Hughes Realty Group License #01863981 Listed on: 09/04/2017

Last Buyer's Agent

Ruben Gonzales

NON-MEMBER/NBA or BTERM OFFICE License #01251707

NON-MEMBER/NBA or BTERM OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,178

Year Built

  • Built in 1996

Lot Details

  • Two or More Common Walls
  • Landscaped
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • Woods
  • Hills
  • Park or Greenbelt

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 1,261 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Shutters
  • French Doors
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Bonus Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Sewer Paid
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 793
  • Assessor Parcel Number 93812287

Community Details

Overview

  • Tierra Montanosa Association, Phone Number (949) 448-6000
  • Foothills
  • Greenbelt

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,178

Year Built

Built in 1996

Lot Details

0

HOA Fees

$361 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Tierra Montanosa (TIEM)
  • View: Yes
  • Architectural Style: Mediterranean
  • 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, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters, Two Story Ceilings
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 375.10
  • Room Type: All Bedrooms Down, Bonus Room, Family Room, Kitchen, Loft, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Window Features: Double Pane Windows, Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Linen Closet/Storage
  • Room Kitchen Features: Stone Counters

Exterior Features

  • View: Hills, Park/Greenbelt, Trees/Woods
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Picnic Area, Playground, Tennis Court(s)
  • Association Fee: 306.00
  • Association #2 Fee: 55.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Tierra Montanosa
  • Phone: 949-448-6000
  • Senior Community: No
  • Community Features: Curbs, Foothills, Sidewalks, Street Lights

Schools

  • School District: Saddleback Valley Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Greenbelt, Landscaped, Park Nearby

Multi Family

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

Tax Info

  • Tax Lot: 26
  • Tax Tract Number: 793

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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Range of Values:

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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: OC17204597

California Regional Multiple Listing Service (CRMLS)

APN: 938-122-87