NOT LISTED FOR SALE

41686 Cape Ridge Ave Unit 2 Murrieta, CA 92562

Estimated Value: $415,000 - $440,000

2 Beds
2 Baths
1,072 Sq Ft
$152/mo HOA Fee

Last Sold August 13, 2012

Last sale price $105,000 $98 Per Sq Ft

Est. 303% increase in value since last sale

Current estimated payment $2,578/month

177 Days on Market

Highlights

  • Private Pool
  • 1 Car Attached Garage
  • Central Heating and Cooling System
  • Thompson Middle School Rated A-
  • Living Room

About This Home

As of August 2012

**APPROVED SHORT SALE** Great 2 bedroom, 2 bath condo located in the Meadowlane Community.

Last Agent to Sell the Property

Jim Holbrook

Performance Estates & Homes License #01709606 Listed on: 12/06/2011

Last Buyer's Agent

Jim Holbrook

Performance Estates & Homes License #01709606 Listed on: 12/06/2011

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,288

Year Built

  • Built in 2005

Lot Details

  • 871

HOA Fees

  • $152 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,072 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 29820
  • Assessor Parcel Number 909021081

Community Details

Overview

  • 166 Units
  • Elite Management Association, Phone Number (888) 354-8322

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,288

Year Built

Built in 2005

Lot Details

0

HOA Fees

$152 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Meadowlane Community
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 909021081
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1072.00
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: Two
  • Price Per Square Foot: 97.95
  • Room Type: Living Room

Exterior Features

  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00

Utilities

  • Heating: Yes
  • Heating Type: Central
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 152.00
  • Association Fee Frequency: Monthly
  • Association Name: Elite Management
  • Phone: 888-354-8322
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 1034.00
  • Lot Size Acres: 0.0200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1034.0000 Square Feet
  • Number Of Units In Community: 166
  • Number Of Units Total: 166

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 29820

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2018
Sold by
Madson Mark
Bought by
Madson Mark and Mark Madson Living Trust
Current Estimated Value
$422,860

Purchase Details

Listed on
Dec 6, 2011
Closed on
Aug 17, 2012
Sold by
Lawa Matthew A and Lawa Susan
Bought by
Newell Deborah L
Seller's Agent
Jim Holbrook
Performance Estates & Homes
Buyer's Agent
Jim Holbrook
Performance Estates & Homes
List Price
$104,900
Sold Price
$105,000
Premium/Discount to List
$100
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$70,000
Outstanding Balance
$48,172
Interest Rate
3.53%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$374,688

Purchase Details

Listed on
Dec 6, 2011
Closed on
Jul 26, 2012
Sold by
Kennedy Jillian
Bought by
Madson Mark
Seller's Agent
Jim Holbrook
Performance Estates & Homes
Buyer's Agent
Jim Holbrook
Performance Estates & Homes
List Price
$104,900
Sold Price
$105,000
Premium/Discount to List
$100
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Outstanding Balance
$48,172
Interest Rate
3.53%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$374,688

Purchase Details

Closed on
Aug 9, 2005
Sold by
Continental Residential Inc
Bought by
Kennedy Jillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,579
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Madson Mark -- None Available
Newell Deborah L $119,000 Fidelity National Title Ie
Madson Mark $105,000 Fidelity National Title Ib
Kennedy Jillian $282,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newell Deborah L $70,000
Previous Owner Kennedy Jillian $267,579
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2012 08/13/12 Sold $105,000 +0.1% $98 / Sq Ft
05/31/2012 05/31/12 For Sale $104,900 -0.1% $98 / Sq Ft
05/30/2012 05/30/12 Off Market $105,000 -- --
05/29/2012 05/29/12 Price Changed $104,900 -12.5% $98 / Sq Ft
03/07/2012 03/07/12 Price Changed $119,900 +14.3% $112 / Sq Ft
12/06/2011 12/06/11 For Sale $104,900 -- $98 / 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 $2,288 $129,284 $49,250 $80,034
2023 $2,288 $124,266 $47,339 $76,927
2022 $2,255 $121,830 $46,411 $75,419
2021 $2,238 $119,442 $45,501 $73,941
2020 $2,245 $118,218 $45,035 $73,183
2019 $2,219 $115,901 $44,152 $71,749
2018 $2,202 $113,630 $43,287 $70,343
2017 $2,226 $111,403 $42,439 $68,964
2016 $2,216 $109,219 $41,607 $67,612
2015 $2,356 $107,581 $40,983 $66,598
2014 $2,299 $105,476 $40,181 $65,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: T11157133

California Regional Multiple Listing Service (CRMLS)

APN: 909-021-081