NOT LISTED FOR SALE

65 Tierra Montanosa Rancho Santa Margarita, CA 92688

Estimated Value: $775,000 - $818,000

2 Beds
2.5 Baths
1,241 Sq Ft
1996 Built

Last Sold April 04, 2019

Last sale price $489,900 $395 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,834/month

Highlights

  • Spa
  • Updated Kitchen
  • 2 Car Direct Access Garage
  • Melinda Heights Elementary School Rated A-
  • Hiking Trails
  • Shutters

About This Home

As of March 2023

Welcome to 65 Tierra Montanosa, a beautifully upgraded move-in ready condo in the fantastic community of Melinda Heights. Enter the home from a spacious outdoor private patio great for entertaining. The open-concept living area offers a family room, kitchen and dining room. Stainless steel appliances, quartz countertops, a peninsula with bar seating and custom white cabinetry complete the kitchen. Also on the main floor is a powder room, spacious laundry room and access to a 2-car garage. On the second floor, you will find a Primary Suite with an oversized mirrored closet, dual vanity, custom shower and private balcony. A secondary bedroom with an en-suite and large mirrored closet complete the upper level. The community offers a pool and spa, and this property is close to parks, schools, and additional SAMLARC pools, spas and sports courts. You will love all this fantastic home has to offer!

Last Agent to Rent the Property

Ken E. Bowen

Re/Max Real Estate Group License #00935116 Listed on: 02/23/2023

Re/Max Real Estate Group

Last Renter's Agent

Tania Urbano

Bullock Russell RE Services License #01437274

Bullock Russell RE Services

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,596

Year Built

  • Built in 1996

Lot Details

  • Two or More Common Walls

Parking

  • 2 Car Direct Access Garage
  • Parking Available

Home Design

  • Turnkey

Interior Spaces

  • 1,241 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Shutters
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Enclosed Patio or Porch
  • Exterior Lighting

Schools

  • Melinda Heights Elementary School
  • Rancho Santa Margarita Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $4,000
  • Rent includes association dues
  • 12-Month Minimum Lease Term
  • Available 3/1/23
  • Tax Lot 1
  • Tax Tract Number 14552
  • Assessor Parcel Number 93812262

Community Details

Overview

  • Property has a Home Owners Association
  • 205 Units

Recreation

  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails

Pet Policy

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

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,596

Year Built

Built in 1996

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: Pet Deposit, Security Deposit
  • Available Date: 2023-03-01
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 4000
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • View: No
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93812262
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1241.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2.62
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Master Bathroom, Master Bedroom
  • Spa Features: Association
  • Window Features: Shutters
  • Bathroom Features: Remodeled
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Enclosed, Front Porch
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Curbs, Hiking, Park, Street Lights

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Melinda Heights
  • Middle School: Rancho Santa Margarita
  • Elementary School: Melinda Heights
  • Middle Or Junior School: Rancho Santa Margarita
  • Elementary School #2: MELHEI

Lot Info

  • Additional Parcels: No

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Number Of Units In Community: 205
  • Number Of Units Total: 1
  • Rent Includes: Association Dues

Tax Info

  • Tax Census Tract: 320.49
  • Tax Lot: 1
  • Tax Tract Number: 14552

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2019
Closed on
Mar 21, 2019
Sold by
Desrosiers Michael C and Desrosiers Jane
Bought by
Lambert Mary Lou and Mary Lou Lambert 2005 Trust
Seller's Agent
Monica Brower
Cal State Realty Services
Buyer's Agent
Steve Ruiz
Regency Real Estate Brokers
List Price
$489,900
Sold Price
$489,900
Current Estimated Value
$801,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,730
Avg. Annual Appreciation
7.48%

Purchase Details

Closed on
Jun 26, 2017
Sold by
Desrosiers Michael C and Desrosiers Jane M
Bought by
Desrosiers Michael C and Desrosiers Jane

Purchase Details

Listed on
Jun 23, 2016
Closed on
Jun 29, 2016
Sold by
Bourbon Holdings Llc
Bought by
Desrosiers Michael C and Desrosiers Jane M
Seller's Agent
JOSEPH PEREZ
NEW FRONTIER CAPITAL
Buyer's Agent
Monica Brower
Cal State Realty Services
List Price
$439,999
Sold Price
$442,500
Premium/Discount to List
$2,501
0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$331,875
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2013
Sold by
Kull David M
Bought by
Bourbon Holdings Llc

Purchase Details

Closed on
Jan 21, 2013
Sold by
Kull David M
Bought by
Metcalf Greg

Purchase Details

Closed on
Sep 3, 1997
Sold by
Tierra Ltd
Bought by
Kull David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
7.42%
Mortgage Type
FHA
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
Lambert Mary Lou $490,000 Fidelity National Title Co
Desrosiers Michael C -- None Available
Desrosiers Michael C $442,500 First American Title Company
Bourbon Holdings Llc -- None Available
Metcalf Greg $4,703 Stewart Title
Kull David M $136,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Desrosiers Michael C $331,875
Previous Owner Kull David M $199,500
Previous Owner Kull David M $178,000
Previous Owner Kull David M $129,000
Previous Owner Kull David M $130,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2023 03/08/23 Rented $3,250 +1.6% --
03/05/2023 03/05/23 Under Contract -- -- --
02/23/2023 02/23/23 For Rent $3,200 0.0% --
04/04/2019 04/04/19 Sold $489,900 0.0% $395 / Sq Ft
03/15/2019 03/15/19 For Sale $489,900 +10.7% $395 / Sq Ft
07/26/2016 07/26/16 Sold $442,500 +0.6% $357 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $439,999 -- $355 / 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 $5,596 $546,601 $365,530 $181,071
2024 $5,596 $535,884 $358,363 $177,521
2023 $5,467 $525,377 $351,336 $174,041
2022 $5,377 $515,076 $344,447 $170,629
2021 $5,247 $504,977 $337,693 $167,284
2020 $5,236 $499,800 $334,231 $165,569
2019 $5,405 $460,377 $305,884 $154,493
2018 $5,824 $451,350 $299,886 $151,464
2017 $6,114 $442,500 $294,005 $148,495
2016 $5,050 $353,679 $197,221 $156,458
2015 $4,931 $348,367 $194,259 $154,108
2014 $5,209 $341,543 $190,453 $151,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23030409

California Regional Multiple Listing Service (CRMLS)

APN: 938-122-62