NOT LISTED FOR SALE

63 Tierra Montanosa Rancho Santa Margarita, CA 92688

Estimated Value: $861,000 - $925,000

3 Beds
3 Baths
1,500 Sq Ft
1996 Built

Last Sold October 23, 2019

Last sale price $575,000 $383 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,396/month

Highlights

  • Golf Course Community
  • Spa
  • Community Lake
  • Melinda Heights Elementary School Rated A-
  • Updated Kitchen
  • Main Floor Bedroom

About This Home

As of December 2023

Welcome to 63 Tierra Montanosa in Melinda Heights. Recently renovated 3-bedroom, 3-bathroom, 1,500 sqft with attached 2-car garage, with main floor bedroom and bathroom condo is centrally located near schools, parks, trails and shopping areas. Upstairs boasts two suites, each with own bathroom. This condo offers an open floor plan with high ceilings and many upgrades recently completed to create a luxurious environment for you to call home. Upgrades include luxury vinyl floors throughout, new primary bathroom walk-in shower, granite countertops, renovated kitchen with custom shelf for coffee mugs, purified water at kitchen sink, whole house water softener, new custom hall cabinets with quartz countertop, upgraded kitchen and bathroom fixtures, Ecobee smart home thermostat with 3 smart switches, newer HVAC system and ducts. Unit comes with refrigerator and washer/dryer.

Last Agent to Rent the Property

Matthew Olson

Berkshire Hathaway HomeServices California Properties License #01881378 Listed on: 12/03/2023

Berkshire Hathaway HomeServices California Properties

Last Renter's Agent

Matthew Olson

Berkshire Hathaway HomeServices California Properties License #01881378 Listed on: 12/03/2023

Berkshire Hathaway HomeServices California Properties

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,365

Year Built

  • Built in 1996

Lot Details

  • Two or More Common Walls

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Parking Permit Required

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Family Room with Fireplace
  • Dining Room

Kitchen

  • Updated Kitchen
  • Walk-In Pantry
  • Gas Range
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Exterior Lighting

Schools

  • Melinda Heights Elementary School
  • Trabuco Hills High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Water Purifier
  • Water Softener

Listing and Financial Details

  • Security Deposit $5,000
  • 12-Month Minimum Lease Term
  • Available 1/1/24
  • Tax Lot 1
  • Tax Tract Number 14552
  • Assessor Parcel Number 93812261

Community Details

Overview

  • Property has a Home Owners Association
  • 205 Units
  • Tierra Montanosa Association
  • Community Lake
  • Foothills
  • Mountainous Community

Recreation

  • Golf Course Community
  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,365

Year Built

Built in 1996

Lot Details

0

Parking

2

Rental Info

  • Additional Rent For Pets: Yes
  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2024-01-01
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 5000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93812261
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1500.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.43
  • Room Type: Main Floor Bedroom
  • Spa Features: Association
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower In Tub, Double Sinks In Primary Bath, Granite Counters, Main Floor Full Bath, Remodeled, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Permit Required
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater, Water Purifier, Water Softener
  • Heating Type: Central
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Name: Tierra Montanosa
  • Senior Community: No
  • Community Features: Biking, Foothills, Golf, Hiking, Lake, Park, Mountainous, Sidewalks, Street Lights

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Melinda Heights
  • High School: Trabuco Hills
  • Elementary School: Melinda Heights
  • High School: Trabuco Hills
  • Elementary School #2: MELHEI
  • High School2: TRAHIL

Lot Info

  • Additional Parcels: No

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Number Of Units In Community: 205
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 14552

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2019
Closed on
Oct 2, 2019
Sold by
Hart Milledge B and Hart Evelyn A
Bought by
Olson Matthew and Olson Jennifer
Seller's Agent
Janna Mooney
Coldwell Banker Realty
Buyer's Agent
Matthew Olson
Berkshire Hathaway HomeServices California Properties
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$892,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,919
Avg. Annual Appreciation
7.93%
Original Mortgage
$484,350
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 5, 2013
Closed on
Mar 14, 2013
Sold by
Thomason Dennis Kelly and Thomason Cheryl Gilbert
Bought by
Hart Milledge B and Hart Evelyn A
Seller's Agent
Brian O'Neil
Elevate Real Estate Agency
Buyer's Agent
Matthew Eckl
First Team Real Estate
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.40%
Original Mortgage
$255,200
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2005
Sold by
Thomason Dennis K and Thomason Cheryl G
Bought by
Thomason Dennis Kelly and Thomason Cheryl Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2003
Sold by
Thomason Dennis Kelly and Thomason Cheryl Gilbert
Bought by
Thomason Dennis Kelly and Thomason Cheryl Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,500
Interest Rate
5.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 2, 2002
Sold by
Tierra Montanosa Trust #63
Bought by
Thomason Dennis Kelly and Thomason Cheryl Gilbert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,750
Interest Rate
6.78%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 31, 2001
Sold by
Mcgraw Michael V
Bought by
Tierra Montanosa Trust #63

Purchase Details

Closed on
Sep 16, 1997
Sold by
Tierra Ltd
Bought by
Mcgraw Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,517
Interest Rate
7.34%
Mortgage Type
FHA
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
Olson Matthew $575,000 Equity Title Orange County
Hart Milledge B $319,000 Lawyers Title
Thomason Dennis Kelly -- --
Thomason Dennis K -- United Title Company
Thomason Dennis Kelly -- --
Thomason Dennis Kelly $285,000 First American Title Co
Tierra Montanosa Trust #63 $216,000 --
Mcgraw Michael $162,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Matthew $548,000
Closed Olson Matthew $479,000
Closed Olson Matthew $487,000
Closed Olson Matthew $484,350
Previous Owner Hart Milledge B $255,200
Previous Owner Thomason Dennis K $404,000
Previous Owner Thomason Dennis Kelly $100,000
Previous Owner Thomason Dennis Kelly $273,500
Previous Owner Thomason Dennis Kelly $270,400
Previous Owner Thomason Dennis Kelly $42,750
Previous Owner Thomason Dennis Kelly $228,000
Previous Owner Mcgraw Michael $35,000
Previous Owner Mcgraw Michael $154,517
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Rented $3,650 0.0% --
12/10/2023 12/10/23 Under Contract -- -- --
12/03/2023 12/03/23 For Rent $3,650 0.0% --
10/23/2019 10/23/19 Sold $575,000 0.0% $383 / Sq Ft
08/15/2019 08/15/19 For Sale $575,000 +80.3% $383 / Sq Ft
04/04/2013 04/04/13 Sold $319,000 0.0% $213 / Sq Ft
01/08/2013 01/08/13 Pending -- -- --
01/05/2013 01/05/13 For Sale $319,000 -- $213 / 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 $6,365 $628,845 $423,416 $205,429
2024 $6,365 $616,515 $415,114 $201,401
2023 $6,217 $604,427 $406,975 $197,452
2022 $6,112 $592,576 $398,995 $193,581
2021 $5,968 $580,957 $391,171 $189,786
2020 $5,950 $575,000 $387,160 $187,840
2019 $3,920 $352,143 $166,636 $185,507
2018 $4,414 $345,239 $163,369 $181,870
2017 $4,652 $338,470 $160,166 $178,304
2016 $4,687 $331,834 $157,026 $174,808
2015 $4,568 $326,850 $154,667 $172,183
2014 $4,846 $320,448 $151,637 $168,811
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23220200

California Regional Multiple Listing Service (CRMLS)

APN: 938-122-61