NOT LISTED FOR SALE

7 Olive St Ladera Ranch, CA 92694

Estimated Value: $1,953,000 - $2,061,000

4 Beds
3 Baths
2,773 Sq Ft
$723/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $1,699,000 $613 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,758/month

8 Days on Market

Highlights

  • Above Ground Spa
  • Solar Power System
  • Updated Kitchen
  • Oso Grande Elementary School Rated A
  • Primary Bedroom Suite
  • 3-minute walk to Poet's Park

About This Home

As of August 2022

THIS LUXURY VIEW HOME NESTLED IN THE HEART OF LADERA RANCH IS A 10+. Location is everything, and this home is ideally located on a prime cul de sac street, boasting a 6700 sq ft lot with enough space to entertain all your friends! When you enter the meticulously appointed home you instantly see the designer touches. Stylish grey plank flooring accent the home that offers an open floor plan throughout.The Chef in the family will love this beautifully designed kitchen starting with white shaker cabinetry, stainless appliances, built in refrigerator, unique stone counters and a large island that is the centerpiece of the room. Dine inside or open the french doors to an outdoor covered dining area and experience your own piece of paradise. This Entertainer's yard has it all... Built in BBQ/Island with seating, A secondary entertaining area with a sparkling water feature and cozy fire pit for cool summer evenings. Relax in the above ground spa and witness amazing sunset views or test your golf skills with your own personal putting green. The entire yard is low maintenance with artificial grass. Back inside the large family room will be the place your friends and family gather. Visiting guests will enjoy the downstairs bedroom with adjacent private full bath. The room doubles as a den with a murphy bed that conveniently disappears when not in use. Escape upstairs to the Master Suite surrounded by windows that provide more stunning views and make the room light and bright. An adjoining retreat (shown as an option for a bedroom in the floor plan) is perfect for a gym or office space. The spa like master bath has a soaking tub, frameless shower, dual vanity and a walk in designer closet. Two additional bedrooms upstairs share a jack and jill bath and one has a large walk out private balcony. The home has solar power saving you thousands in electric bills. Enjoy all the amenities Ladera has to offer including parks, multiple pools, splash parks, tennis, hiking/biking trails, sports courts, blue ribbon schools and a library. Close to shopping, local restaurants and toll road access. Experience the difference in Ladera!

Last Agent to Sell the Property

Susan Stoker

Bullock Russell RE Services License #01738521 Listed on: 07/04/2022

Bullock Russell RE Services

Co-Listed By

Brock Stoker

Bullock Russell RE Services License #02042566

Last Buyer's Agent

Timothy Wolter

Ladera Realty License #01384317

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,660

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 6,702 Sq Ft Lot
  • Cul-De-Sac
  • Wrought Iron Fence
  • Back Yard

HOA Fees

  • $197 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Turnkey
  • Planned Development
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,773 Sq Ft Home
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • Recessed Lighting
  • Shutters
  • French Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Library
  • Views of Hills

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Quartz Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Above Ground Spa
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 16115
  • Assessor Parcel Number 74110123
  • $2,753 per year additional tax assessments

Community Details

Overview

  • Larmac Association, Phone Number (949) 218-0900
  • Canopy Lane Subdivision

Amenities

  • Outdoor Cooking Area
  • Picnic Area

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,660

Year Built

Built in 2002 | Remodeled

Lot Details

0

HOA Fees

$197 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Canopy Lane (CANL)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 74110123
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2773.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Open Floorplan, Quartz Counters, Recessed Lighting, Wired for Sound
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Dining Room, In Kitchen
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 612.69
  • Room Type: Family Room, Library, Living Room, Main Floor Bedroom, Master Bedroom, Master Suite, Retreat, Walk-In Closet
  • Spa Features: Private, Above Ground
  • Window Features: Shutters
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Main Floor Full Bath, Remodeled, Soaking Tub, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: Hills
  • Fence: Yes
  • Fencing: Wrought Iron
  • Patio And Porch Features: Covered, Patio
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Outdoor Cooking Area, Picnic Area, Playground, Tennis Court(s), Sport Court, Biking Trails, Hiking Trails
  • Association Fee: 196.50
  • Association Fee Frequency: Monthly
  • Association Name: LARMAC
  • Phone: 949-218-0900
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Curbs, Hiking, Sidewalks, Street Lights
  • Association Management: LARMAC

Schools

  • School District: Capistrano Unified

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Lot 6500-9999
  • Lot Size Sq Ft: 6702.00
  • Lot Size Acres: 0.1539
  • Latitude Manual: 33.54434800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6702.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 320.59
  • Tax Lot: 33
  • Tax Tract Number: 16115
  • TaxOtherAnnualAssessmentAmount: 2752.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2022
Closed on
Jul 18, 2022
Sold by
Faulk Family Trust
Bought by
Andrew David P and Andrew Karly K
Seller's Agent
Susan Stoker
Bullock Russell RE Services
Buyer's Agent
Timothy Wolter
Ladera Realty
List Price
$1,799,000
Sold Price
$1,699,000
Premium/Discount to List
-$100,000
-5.56%
Current Estimated Value
$2,004,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,692
Avg. Annual Appreciation
4.76%
Original Mortgage
$1,359,200
Outstanding Balance
$1,290,351
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$671,935

Purchase Details

Closed on
Feb 19, 2021
Sold by
Faulk John Forrest and Faulk Sheryl Denise
Bought by
Faulk John Forrest and Faulk Sheryl Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$751,941
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Closed on
Nov 3, 2020
Sold by
Faulk John Forrest and Faulk Sheryl Denise
Bought by
Faulk John Forrest and Faulk Sheryl Denise

Purchase Details

Closed on
May 5, 2003
Sold by
Standard Pacific Corp
Bought by
Faulk John Forrest and Faulk Sheryl Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage
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
Andrew David P $1,699,000 Wfg National Title
Faulk John Forrest -- California Title Company
Faulk John Forrest -- California Title Company
Faulk John Forrest -- None Available
Faulk John Forrest $612,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrew David P $1,359,200
Previous Owner Faulk John Forrest $751,941
Previous Owner Faulk John Forrest $758,775
Previous Owner Faulk John Forrest $755,910
Previous Owner Faulk John Forrest $554,000
Previous Owner Faulk John Forrest $567,000
Previous Owner Faulk John Forrest $225,000
Previous Owner Faulk John Forrest $150,000
Previous Owner Faulk John Forrest $430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2022 08/03/22 Sold $1,699,000 -5.6% $613 / Sq Ft
07/04/2022 07/04/22 For Sale $1,799,000 -- $649 / 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 $20,660 $1,767,639 $1,238,369 $529,270
2024 $20,660 $1,732,980 $1,214,087 $518,893
2023 $20,277 $1,699,000 $1,190,281 $508,719
2022 $11,301 $842,755 $390,550 $452,205
2021 $11,119 $826,231 $382,892 $443,339
2020 $10,943 $817,760 $378,966 $438,794
2019 $10,998 $801,726 $371,535 $430,191
2018 $10,957 $786,006 $364,250 $421,756
2017 $11,043 $770,595 $357,108 $413,487
2016 $10,922 $755,486 $350,106 $405,380
2015 $10,982 $744,138 $344,847 $399,291
2014 $10,955 $729,562 $338,092 $391,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22137689

California Regional Multiple Listing Service (CRMLS)

APN: 741-101-23