NOT LISTED FOR SALE

Estimated Value: $851,089 - $954,000

2 Beds
2 Baths
1,200 Sq Ft
$453/mo HOA Fee

Last Sold October 25, 2019

Last sale price $500,000 $417 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,711/month

41 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Clubhouse
  • John Malcom Elementary School Rated A
  • Spa
  • Mediterranean Architecture

About This Home

As of October 2019

Live your dream. Live at the beach! This stunning, secluded ground floor, updated Monarch Beach condo offers a light and bright floor plan with two over size bedrooms, two full baths, and recessed LED lighting throughout. Formal living room has a cozy fireplace to keep you warm on those breezy coastal nights. Separate formal dining room for elegant entertaining. Enjoy a sunny galley kitchen with granite counter tops and stainless appliances. Newer heat pump and vanities to complete this hidden treasure property. This profound condo is located in the prestigious guard gated community of Ritz Pointe which boasts of resort-like amenities that will make you feel like you are on vacation all year around!! They include sparkling swimming pool, THREE spas (one with beautiful ocean view), fitness center and clubhouse. Walk, bike or jog to beaches, shops and one of two luxury hotels!!

Last Agent to Sell the Property

John Rennie

RE/MAX One License #01269397 Listed on: 07/16/2019

Last Buyer's Agent

Tilak Chopra

CAL Top Realty & Investments License #00865458

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,007

Year Built

  • Built in 1989

HOA Fees

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,200 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available

Outdoor Features

  • Spa
  • Patio

Schools

  • Malcolm Elementary School
  • Marco Forester Middle School
  • Dana Hills High School

Utilities

  • Cooling Available
  • Air Source Heat Pump

Additional Features

  • No Interior Steps
  • Two or More Common Walls

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13434
  • Assessor Parcel Number 93933615

Community Details

Overview

  • 325 Units
  • Monarch Hills Condo Association, Phone Number (949) 833-2600
  • Corniche Master Association
  • Keystone Pacific HOA

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,007

Year Built

Built in 1989

Lot Details

0

HOA Fees

$453 per month

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Monarch Hills Condos (MHC)
  • View: No
  • Architectural Style: Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93933615
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1200.00 Square Feet
  • Interior Amenities: Ceiling Fan(s)
  • Entry Location: Ground level
  • Common Walls: 2+ Common Walls
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 416.67
  • Room Type: All Bedrooms Down
  • Spa Features: Association
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Granite Counters

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Patio
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Heating Type: Heat Pump
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Corniche Master Association
  • Amenities: Pool, Spa/Hot Tub, Picnic Area, Gym/Ex Room, Clubhouse, Trash, Water, Guard, Controlled Access
  • Association Fee: 363.00
  • Association #2 Fee: 90.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Monarch Hills Condo Association
  • Phone: 9498332600
  • Senior Community: No
  • Community Features: Curbs
  • Association Management: Keystone Pacific

Schools

  • School District: Capistrano Unified
  • Elementary School: Malcolm
  • Middle School: Marco Forester
  • High School: Dana Hills
  • Elementary School: Malcolm
  • High School: Dana Hills
  • Middle Or Junior School: Marco Forester
  • Elementary School #2: MALCOL
  • High School2: DANHIL

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 Lot: 1
  • Tax Tract Number: 13434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Sep 3, 2019
Sold by
Misri Nader E and Misri Margaret L
Bought by
Singh Inderjit and Singh Happy
Seller's Agent
John Rennie
RE/MAX One
Buyer's Agent
Tilak Chopra
CAL Top Realty & Investments
List Price
$509,900
Sold Price
$500,000
Premium/Discount to List
-$9,900
-1.94%
Current Estimated Value
$897,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,272
Avg. Annual Appreciation
10.23%
Original Mortgage
$375,000
Outstanding Balance
$328,519
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$562,548

Purchase Details

Closed on
Jul 19, 2005
Sold by
Galardo Angela M
Bought by
Misri Nader E and Misri Margaret L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Callahan Mary F
Bought by
Galardo Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 1996
Sold by
Monarch Beach Venture Ltd
Bought by
Callahan Mary F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,300
Interest Rate
6.98%
Source: Public Records

Range of Values:

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Average Value
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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
Singh Inderjit $500,000 Chicago Title Company
Misri Nader E $475,000 Alliance Title
Galardo Angela M $333,000 United Title Company
Callahan Mary F $128,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Inderjit $375,000
Previous Owner Misri Nader E $305,000
Previous Owner Galardo Angela M $266,400
Previous Owner Callahan Mary F $102,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $500,000 -1.9% $417 / Sq Ft
07/16/2019 07/16/19 For Sale $509,900 0.0% $425 / Sq Ft
07/25/2017 07/25/17 Rented $2,200 -12.0% --
07/19/2017 07/19/17 Price Changed $2,500 +13.6% $2 / Sq Ft
07/18/2017 07/18/17 Price Changed $2,200 -12.0% $2 / Sq Ft
06/21/2017 06/21/17 For Rent $2,500 -- --
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 $6,007 $546,820 $409,251 $137,569
2024 $6,007 $536,099 $401,227 $134,872
2023 $5,831 $525,588 $393,360 $132,228
2022 $5,676 $515,283 $385,647 $129,636
2021 $5,547 $505,180 $378,085 $127,095
2020 $5,525 $500,000 $374,208 $125,792
2019 $5,633 $512,000 $383,281 $128,719
2018 $5,610 $512,000 $383,281 $128,719
2017 $5,583 $512,000 $383,281 $128,719
2016 $4,939 $450,000 $321,281 $128,719
2015 $4,190 $387,000 $258,281 $128,719
2014 $3,663 $335,000 $206,281 $128,719
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19167709

California Regional Multiple Listing Service (CRMLS)

APN: 939-366-15