NOT LISTED FOR SALE

700 E Lake Dr Unit 40 Orange, CA 92866

Estimated Value: $534,456 - $721,000

1 Bed
1 Bath
810 Sq Ft
$350/mo HOA Fee

Last Sold August 07, 2019

Last sale price $350,500 $433 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,791/month

17 Days on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Panoramic View
  • Koi Pond
  • Home fronts a pond
  • Open Floorplan

About This Home

As of August 2019

Come check out this charming end unit condo in Morningside on the Lake and make it your own! Unparalleled views of the trees and lake from every room! The lake wraps around the unit and is filled with koi, ducks and lily pads; perfect for your morning coffee or afternoon glass of wine. Experience your own private patio overlooking the lake from one of the very best locations in Morningside, one of Old Town Orange’s best kept secrets! New flooring and carpet; fresh paint and scraped ceilings make this unit move-in ready. Enjoy the covered gazebo next to the community pool and spa maintained by the HOA. Steps away from Hart Park; featuring over 40 acres with tot-lots, reservable picnic areas, baseball fields, riding and walking paths and even concerts in the park in the summer! Close to the 5, 22 and 55 Freeways. Don’t miss out on this unique opportunity!

Last Agent to Sell the Property

Shelley Willner

First Team Real Estate North Tustin License #01964582 Listed on: 06/16/2019

Last Buyer's Agent

Tony Trabucco

Orange Realty, Inc. License #00982321

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • Home fronts a pond
  • Home fronts a stream
  • Lake Front
  • 1 Common Wall
  • Landscaped

HOA Fees

  • $350 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic
  • Woods
  • Pool

Interior Spaces

  • 810 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Loft

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Oven

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Access To Lake
  • Deck
  • Patio
  • Koi Pond

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 10566
  • Assessor Parcel Number 93060440

Community Details

Overview

  • 142 Units
  • Morningside On The Lake Association, Phone Number (714) 508-9070
  • Optimum Professional Property Mgmt HOA
  • Community Lake

Amenities

  • Picnic Area

Recreation

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

Property Details

Home Type

Condominium

Year Built

Built in 1979 | Remodeled

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93060440
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 810.00 Square Feet
  • Interior Amenities: Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Fireplace Features: Living Room, Gas Starter, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 432.72
  • Room Type: All Bedrooms Up, Great Room, Living Room, Loft
  • Bathroom Features: Bathtub, Shower In Tub
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Koi Pond
  • View: Lake, Panoramic, Pool, Trees/Woods, Water
  • Patio And Porch Features: Deck, Patio
  • Pool Features: Association, Community, In Ground
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Guest
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Phone Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Outside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Picnic Area
  • Association Fee: 350.00
  • Association Fee Frequency: Monthly
  • Association Name: Morningside on the Lake
  • Phone: 7145089070
  • Senior Community: No
  • Community Features: Biking, Hiking, Lake, Park
  • Association Management: Optimum Professional Property Mgmt

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Latitude Manual: 33.77806300

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 142
  • Number Of Units Total: 1
  • Waterfront Features: Lake, Lake Front, Pond, Stream

Tax Info

  • Tax Census Tract: 759.02
  • Tax Lot: 1
  • Tax Tract Number: 10566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2023
Sold by
Molloy Paul and Molloy Svetla
Bought by
Molloy/Kibota Living Trust and Molloy
Current Estimated Value
$587,364

Purchase Details

Listed on
Jun 16, 2019
Closed on
Jul 12, 2019
Sold by
Landry Jacquelyn D
Bought by
Molloy Paul and Kibota Svetla
Seller's Agent
Shelley Willner
First Team Real Estate North Tustin
Buyer's Agent
Tony Trabucco
Orange Realty, Inc.
List Price
$350,000
Sold Price
$350,500
Premium/Discount to List
$500
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Original Mortgage
$262,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2000
Sold by
Allen Kandel and Allen Colleen
Bought by
Duncan Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Molloy/Kibota Living Trust -- None Listed On Document
Molloy Paul $350,500 Western Resources Title Co
Duncan Richard A $123,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Molloy Paul $262,500
Previous Owner Duncan Richard A $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2019 08/07/19 Sold $350,500 +0.1% $433 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
06/16/2019 06/16/19 For Sale $350,000 -- $432 / 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 $4,361 $383,321 $317,542 $65,779
2024 $4,361 $375,805 $311,315 $64,490
2023 $4,263 $368,437 $305,211 $63,226
2022 $4,179 $361,213 $299,226 $61,987
2021 $4,065 $354,131 $293,359 $60,772
2020 $4,027 $350,500 $290,351 $60,149
2019 $2,033 $166,142 $96,591 $69,551
2018 $2,001 $162,885 $94,697 $68,188
2017 $1,924 $159,692 $92,841 $66,851
2016 $1,887 $156,561 $91,020 $65,541
2015 $1,859 $154,210 $89,653 $64,557
2014 $1,818 $151,190 $87,897 $63,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19122914

California Regional Multiple Listing Service (CRMLS)

APN: 930-604-40