NOT LISTED FOR SALE

Estimated Value: $813,713 - $903,000

2 Beds
2 Baths
1,130 Sq Ft
$421/mo HOA Fee

Last Sold January 04, 2017

Last sale price $499,000 $442 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $5,497/month

34 Days on Market

Highlights

  • Sauna
  • End Unit
  • Forced Air Heating and Cooling System
  • John Malcom Elementary School Rated A
  • Community Pool

About This Home

As of January 2017

Located in the highly sought-after community of Ritz Point, this beautifully remodeled and upgraded condo is within a short distance
to the Monarch Beach Resort and Spa, the exclusive Ritz Carlton, and Salt Creek Beach. This Ground-Level, 2-bedroom, 2-bath, End-Unit Condo has newly-installed wood laminate flooring throughout, all new plumbing fixtures, all new stainless steel appliances, new granite counters, cabinets, baseboards, and paint. This unit includes spacious walk-in closets, storage, a laundry room, and ample parking. Community amenities include direct access to Salt Creek Beach with trails through the Monarch Links Golf Course. There is an association clubhouse, pool, three spas and gym; one of the spas has a breathtaking panoramic ocean view! This condo is within a short distance to the Laguna Beach and Dana Point Trolley system that allows transportation to the Dana Point Harbor and downtown Laguna Beach, which offers many excellent restaurants, shopping, and attractions. Whether your desires are to hold for an investment or as your home, this property is a great value in a superb location...with Ocean Breezes year round!

Last Agent to Sell the Property

Susan Richter

First Team Real Estate License #01935181 Listed on: 10/27/2016

First Team Real Estate

Last Buyer's Agent

Susan Richter

First Team Real Estate License #01935181 Listed on: 10/27/2016

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1989

Lot Details

  • End Unit
  • Two or More Common Walls

HOA Fees

  • $421 Monthly HOA Fees

Home Design

  • Planned Development

Interior Spaces

  • 1,130 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13434
  • Assessor Parcel Number 93936618

Community Details

Overview

  • Monarch Hills Association, Phone Number (949) 838-3268

Amenities

  • Sauna

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1989

Lot Details

0

HOA Fees

$421 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Monarch Hills Condos (MHC)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93936618
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1130.00 Square Feet
  • Common Walls: 2+ Common Walls, End Unit
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 441.59
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna
  • Association Fee: 421.00
  • Association Fee Frequency: Monthly
  • Association Name: Monarch Hills
  • Phone: 949 838-3268
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Planned Unit Development

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • 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
Dec 6, 2021
Sold by
Hussain Monwar
Bought by
Hussain Monwar and Akter Kohinoor
Current Estimated Value
$870,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,290
Outstanding Balance
$316,783
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$553,895

Purchase Details

Listed on
Oct 27, 2016
Closed on
Dec 19, 2016
Sold by
Akter Kohinoor
Bought by
Hussain Monwar
Seller's Agent
Susan Richter
First Team Real Estate
Buyer's Agent
Susan Richter
First Team Real Estate
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$374,250
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2016
Closed on
Dec 8, 2016
Sold by
Richter Richter J and Richter Susan
Bought by
Hussain Monwar
Seller's Agent
Susan Richter
First Team Real Estate
Buyer's Agent
Susan Richter
First Team Real Estate
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,250
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 1998
Sold by
Lefever Kimberly
Bought by
Lefever Brian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.84%

Purchase Details

Closed on
Oct 9, 1998
Sold by
Lefever Brian J
Bought by
Richter J Cranor and Richter Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.84%

Purchase Details

Closed on
Mar 11, 1997
Sold by
Lee Sok Jae and Lee Young Sun
Bought by
Lefever Brian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
7.66%

Purchase Details

Closed on
Jul 22, 1996
Sold by
Monarch Beach Venture Ltd
Bought by
Lee Sok Jae and Lee Young Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.32%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hussain Monwar -- Orange Coast Title Company
Hussain Monwar -- Western Resources Title Co
Hussain Monwar $499,000 Western Resources Title Co
Lefever Brian J -- First American Title Ins Co
Richter J Cranor $162,000 First American Title Ins Co
Lefever Brian J $125,000 First American Title
Lee Sok Jae $122,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hussain Monwar $344,290
Closed Hussain Monwar $374,250
Previous Owner Richter J Cranor $121,500
Previous Owner Lefever Brian J $118,750
Previous Owner Lee Sok Jae $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2017 01/04/17 Sold $499,000 0.0% $442 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
10/27/2016 10/27/16 For Sale $499,000 -- $442 / 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 $6,327 $579,129 $449,937 $129,192
2024 $6,327 $567,774 $441,115 $126,659
2023 $6,145 $556,642 $432,466 $124,176
2022 $5,983 $545,728 $423,986 $121,742
2021 $5,849 $535,028 $415,673 $119,355
2020 $5,824 $529,542 $411,410 $118,132
2019 $5,705 $519,159 $403,343 $115,816
2018 $5,580 $508,980 $395,434 $113,546
2017 $2,618 $218,819 $88,596 $130,223
2016 $2,552 $214,529 $86,859 $127,670
2015 $2,400 $211,307 $85,554 $125,753
2014 $2,360 $207,168 $83,878 $123,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16725357

California Regional Multiple Listing Service (CRMLS)

APN: 939-366-18