NOT LISTED FOR SALE

Estimated Value: $664,000 - $851,000

1 Bed
1 Bath
755 Sq Ft
$479/mo HOA Fee

Last Sold July 30, 2021

Last sale price $519,900 $689 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,807/month

5 Days on Market

Highlights

  • Ocean View
  • Spa
  • Security Guard
  • John Malcom Elementary School Rated A
  • Balcony
  • Laundry Room

About This Home

As of July 2021

Nestled in the private 24-hour guard gated community within the exclusive Ritz Pointe community. From the living room of this very lightly occupied beach gem, the ocean is within sight. This open and airy home was mostly used as a beach getaway for the current owners on weekends and holidays. The owners have supervised many upgrades during their 16 years of loving ownership - upgraded crown molding, designer paint, travertine entry and fireplace, new water heater, newer custom shutters throughout, mirrored dining room wall, and full gourmet kitchen remodel with granite countertops were done under their care. Large en-suite walk-in closet. The home has a gas fireplace, recessed art accent light and included washer and dryer in laundry room off the private balcony deck. Enjoy a TON of storage with two storage closets adjacent to the unit plus additional storage in the laundry room. Don’t forget the included storm door to take in the fresh ocean breeze! Talk about location! This immaculate home is walking distance to Salt Creek Beach, the Waldorf Astoria Monarch Beach and Golf Links is a 5 minute walk, the Ritz-Carlton is a 10 minute walk, and the Montage Resort in Laguna Beach is a short drive. Close to ocean, harbor, 5-star restaurants, shopping, schools and more. Enjoy resort style living with large swimming pool and three community spas – one with breathtaking sunset and ocean views. Ritz Pointe also offers a private community clubhouse and gym. Where else are you going to find location, amenities and prestige for under $500k?!?!

Last Agent to Sell the Property

Kartik Subramaniam

ADHI Real Estate Incorporated License #01356544 Listed on: 06/10/2021

Last Buyer's Agent

Sean Stanfield

Pacific Sotheby's Int'l Realty License #01024996

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,056

Year Built

  • Built in 1990

Lot Details

  • Two or More Common Walls

HOA Fees

Interior Spaces

  • 755 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Carport
  • Parking Available
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Spa
  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13434
  • Assessor Parcel Number 93936674

Community Details

Overview

  • 325 Units
  • Monarch Hills Condominium Association, Phone Number (949) 838-3202
  • Corniche Master Association
  • Keystone Pacific Property Management HOA
  • Monarch Hills Condos Subdivision

Recreation

  • Community Pool
  • Community Spa

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,056

Year Built

Built in 1990

Lot Details

0

HOA Fees

$479 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93936674
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 755.00 Square Feet
  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 688.61
  • Room Type: Living Room
  • Spa Features: Community

Exterior Features

  • View: Ocean
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Carport, Parking Space

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Sewer: Unknown
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Corniche Master Association
  • Amenities: Pool, Spa/Hot Tub, Management, Guard, Security
  • Association Fee: 380.66
  • Association #2 Fee: 98.00
  • Association Fee Frequency: Monthly
  • Association Name: Monarch Hills Condominium Association
  • Phone: (949) 838-3202
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights
  • Association Management: Keystone Pacific Property Management

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 325
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 423.23
  • Tax Lot: 1
  • Tax Tract Number: 13434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2025
Sold by
Sassaman Stacey L
Bought by
Stacey Sassaman Revocable Trust and Sassaman
Current Estimated Value
$721,062

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 19, 2021
Sold by
Lal Rakesh C and Lal Lori
Bought by
Sassaman Stacey
Seller's Agent
Kartik Subramaniam
ADHI Real Estate Incorporated
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$499,900
Sold Price
$519,900
Premium/Discount to List
$20,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$389,925
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2004
Sold by
Macke James E
Bought by
Lal Rakesh C and Lal Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,920
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 21, 1998
Sold by
Monarch Beach Venture Ltd
Bought by
Macke James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,900
Interest Rate
6.89%
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
Stacey Sassaman Revocable Trust -- None Listed On Document
Sassaman Stacey $520,000 Usa National Title Company
Lal Rakesh C $370,000 Lawyers Title
Macke James E $120,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sassaman Stacey $389,925
Previous Owner Lal Rakesh C $295,920
Previous Owner Macke James E $95,900
Closed Lal Rakesh C $36,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $519,900 +4.0% $689 / Sq Ft
06/16/2021 06/16/21 For Sale $499,900 -3.8% $662 / Sq Ft
06/15/2021 06/15/21 Off Market $519,900 -- --
06/15/2021 06/15/21 For Sale $499,900 -3.8% $662 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/14/2021 06/14/21 Off Market $519,900 -- --
06/10/2021 06/10/21 For Sale $499,900 -- $662 / 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 $6,056 $551,721 $453,132 $98,589
2024 $6,056 $540,903 $444,247 $96,656
2023 $5,879 $530,298 $435,537 $94,761
2022 $5,722 $519,900 $426,997 $92,903
2021 $5,172 $468,000 $350,085 $117,915
2020 $4,967 $444,720 $340,678 $104,042
2019 $4,865 $436,000 $333,998 $102,002
2018 $4,518 $404,000 $301,998 $102,002
2017 $3,844 $340,000 $237,998 $102,002
2016 $3,824 $340,000 $237,998 $102,002
2015 $3,375 $307,000 $204,998 $102,002
2014 $2,919 $262,025 $160,023 $102,002
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21122747

California Regional Multiple Listing Service (CRMLS)

APN: 939-366-74