NOT LISTED FOR SALE

51 Mercantile Way Ladera Ranch, CA 92694

Estimated Value: $1,213,583 - $1,263,000

3 Beds
2.5 Baths
1,800 Sq Ft
$691/Sq Ft Est. Value

Last Sold May 19, 2016

Last sale price $675,000 $375 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $7,975/month

41 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • High Ceiling
  • Chaparral Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Town Green

About This Home

As of May 2016

Absolutely incredible home! Close walk to award winning elementary school, Chaparral, dining and shops. SPECTACULAR WHITE KITCHEN WITH BRAND NEW QUARTZ countertops, upgraded stainless steel appliances, designer hood, stone backsplash & farm sink. Double French doors open from the kitchen to one of the largest yards in The Gables tract, with globe lights, making this home perfect for entertaining. All doors leading to the outside have retractable screens. Venetian plaster in family room with stone fireplace and mantel. Crown molding and upgraded base boards throughout the home. Completely re-piped with PEX. Built in tool bench, cabinets, and above head storage in garage. Convenient laundry room upstairs. Exterior painted less than 2 years. Have to see it to believe it!

Last Agent to Sell the Property

Gary SanFilippo

Fountainhead Real Estate Group License #01514727 Listed on: 02/24/2016

Last Buyer's Agent

Steve Widner

Bullock Russell RE Services License #00680027

Bullock Russell RE Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,958

Year Built

  • Built in 2001

Lot Details

  • 2,470

HOA Fees

  • $215 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Patio Home

Interior Spaces

  • 1,800 Sq Ft Home
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Six Burner Stove
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Additional Features

  • 2,470 Sq Ft Lot
  • Suburban Location

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 15888
  • Assessor Parcel Number 75936212

Community Details

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Recreation Room

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,958

Year Built

Built in 2001

Lot Details

0

HOA Fees

$215 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: The Gables (GABL)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 75936212
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1800.00
  • Interior Amenities: Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 375.00
  • Room Type: All Bedrooms Up
  • Spa Features: Association

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Concrete
  • Pool Features: Association
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher
  • Heating Type: Forced Air
  • Laundry Features: Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Biking Trails, Clubhouse, Hiking Trails, Picnic Area, Playground, Pool, Recreation Room, Spa/Hot Tub
  • Association Fee: 215.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Schools

  • School District: Capistrano Unified

Lot Info

  • Lot Features: Patio Home
  • Lot Size Sq Ft: 2470.00
  • Price Per Lot Square Foot: 273.28
  • Lot Size Acres: 0.0570

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2470.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 15888

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Johnson Thomas William and Johnson Angela Natale
Bought by
Johnson Thomas William and Johnson Angela Natale
Current Estimated Value
$1,244,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,500
Outstanding Balance
$520,467
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$723,679

Purchase Details

Listed on
Feb 24, 2016
Closed on
Apr 12, 2016
Sold by
Vallez Jeffrey C and Vallez Lindsay A
Bought by
Johnson Tom and Johnson Angela
Seller's Agent
Gary SanFilippo
Fountainhead Real Estate Group
Buyer's Agent
Steve Widner
Bullock Russell RE Services
List Price
$685,000
Sold Price
$675,000
Premium/Discount to List
-$10,000
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$607,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2013
Sold by
Neuman Russell A and Neuman Lori
Bought by
Vallez Jeffrey C and Vallez Lindsay A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2012
Sold by
Neuman Russell A and Neuman Lori
Bought by
Neuman Russell A and Neuman Lori

Purchase Details

Closed on
Oct 13, 2011
Sold by
Shelton Dustin and Shelton Cheri
Bought by
Neuman Russell A and Neuman Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,600
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Madden Marcus Jess and Madden Tiffanie Rae
Bought by
Shelton Dustin and Shelton Cheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,600
Interest Rate
4.17%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 10, 2004
Sold by
Madden Marcus J and Madden Tiffanie R
Bought by
Madden Marcus Jess and Madden Tiffanie Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,600
Interest Rate
4.17%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 12, 2001
Sold by
Hovnanian At The Gables Llc
Bought by
Madden Marcus J and Madden Tiffanie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,600
Interest Rate
6.37%
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 Buyer Sale Price Title Company
Johnson Thomas William -- Wfg Title Insurance Company
Johnson Tom $675,000 Ticor Title
Vallez Jeffrey C -- None Available
Neuman Russell A -- Accommodation
Neuman Russell A $422,000 Fnt
Shelton Dustin $632,000 First American Title Company
Madden Marcus Jess -- --
Madden Marcus J $322,500 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Thomas William $567,500
Closed Johnson Tom $607,500
Previous Owner Vallez Jeffrey C $337,000
Previous Owner Neuman Russell A $337,600
Previous Owner Shelton Dustin $205,000
Previous Owner Shelton Dustin $88,000
Previous Owner Shelton Dustin $505,600
Previous Owner Madden Marcus J $348,000
Previous Owner Madden Marcus J $344,000
Previous Owner Madden Marcus J $67,000
Previous Owner Madden Marcus J $257,600
Closed Madden Marcus J $48,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2016 05/19/16 Sold $675,000 -1.5% $375 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $685,000 -- $381 / 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
2024 $9,958 $783,393 $571,098 $212,295
2023 $9,796 $768,033 $559,900 $208,133
2022 $9,642 $752,974 $548,922 $204,052
2021 $9,499 $738,210 $538,159 $200,051
2020 $9,376 $730,641 $532,641 $198,000
2019 $9,491 $716,315 $522,197 $194,118
2018 $9,411 $702,270 $511,958 $190,312
2017 $9,492 $688,500 $501,919 $186,581
2016 $6,741 $447,758 $263,791 $183,967
2015 $6,794 $441,033 $259,829 $181,204
2014 $6,833 $432,394 $254,739 $177,655
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16038059

California Regional Multiple Listing Service (CRMLS)

APN: 759-362-12