NOT LISTED FOR SALE

700 E Lake Dr Unit 48 Orange, CA 92866

Estimated Value: $534,149 - $583,000

1 Bed
1 Bath
793 Sq Ft
$399/mo HOA Fee

Last Sold August 13, 2014

Last sale price $225,000 $284 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,570/month

9 Days on Market

Highlights

  • Private Pool
  • Open Floorplan
  • Traditional Architecture
  • Lake View
  • Deck
  • L-Shaped Dining Room

About This Home

As of August 2014

AWESOME LOCATION FOR THIS SINGLE STORY GROUND LEVEL HOME IN A GREAT LOCATION, NEAR THE PLAZA AND CHAPMAN UNIVERSITY. SIT OUT ON THE REAR WOOD DECK PATIO AND ENJOY THE RUNNING STREAMS W/DUCKS AND FABULOUS VIEWS OF WATERFALLS RIGHT OUTSIDE YOUR DOOR. THE COMMUNITY OF MORNINGSIDE ON THE LAKE FEATURES LAKES AND STREAMS SITUATED IN A MATURE TREE LANDSCAPED MOUNTAIN SETTING. THE KITCHEN FEATURES A GARDEN WINDOW AND CONVENIENT LAYOUT WITH BREAKFAST BAR THAT IS OPEN TO THE EATING AREA AND LIVING ROOM WITH FIREPLACE. A SLIDING GLASS DOOR OUT TO THE DECK AND LAKE PROVIDE THE GENTLE SOUNDS OF THE RELAXING WATER SETTING. THE MASTER BEDROOM HAS DUAL CLOSETS, ANOTHER GLASS DOOR OUT TO THE REAR DECK AND A PRIVATE BATH WITH A TUB/SHOWER AND LOTS OF STORAGE. A LAUNDRY AREA PROVIDES FOR A FULL SIZED WASHER AND DRYER, CENTRAL HEATING AND AIR CONDITIONING. THE ASSOCIATION PROVIDES A POOL AND SPA, PLENTY OF GUEST PARKING AND COVERED PARKING. ONLY 142 UNITS AND VERY FEW GROUND LEVEL UNITS WITH NO STAIRS. A TOUR OF THIS COMMUNITY WITH SHOW AN ONGOING PLAN TO REMODEL THE EXTERIOR OF THE UNITS IS CURRENTLY IN PROGRESS.

Last Agent to Sell the Property

Albert Ricci

Ricci Realty License #01011606 Listed on: 07/05/2014

Last Buyer's Agent

Heidi Bowser

Realty One Group Pacific License #01902265

Realty One Group Pacific

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1979

Lot Details

  • Two or More Common Walls
  • Steep Slope

HOA Fees

  • $399 Monthly HOA Fees

Property Views

  • Lake
  • Woods
  • Creek or Stream

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Common Roof
  • Stucco

Interior Spaces

  • 793 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Garden Windows
  • Sliding Doors
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Security Lights

Kitchen

  • Breakfast Bar
  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Dressing Area
  • Mirrored Closets Doors
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 1 Parking Space
  • 1 Carport Space
  • Parking Available
  • Circular Driveway

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Deck
  • Wood Patio

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • No Interior Steps
  • Suburban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 10566
  • Assessor Parcel Number 93060448

Community Details

Overview

  • 142 Units
  • Morningside Association

Amenities

  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Year Built

Built in 1979

Lot Details

0

HOA Fees

$399 per month

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Security Lights
  • Subdivision Name Other: Morningside On The Lake (MSLK)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93060448
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 793.00
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Ell
  • Entry Level: 1
  • Fireplace Features: Gas, Gas Starter, Living Room
  • Levels: One
  • Price Per Square Foot: 283.73
  • Room Type: Dressing Area, Living Room, Master Bedroom
  • Spa Features: Association
  • Window Features: Garden Window(s)

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Lake, Creek/Stream, Trees/Woods
  • Patio And Porch Features: Deck, Wood
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Composition, Common Roof
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Circular Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater, Range Hood
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, Inside, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly, Pool, Spa/Hot Tub, Trash
  • Association Fee: 399.00
  • Association Fee Frequency: Monthly
  • Association Name: MORNINGSIDE
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Steep Slope

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 142
  • Number Of Units Total: 142

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 10566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2014
Closed on
Aug 15, 2014
Sold by
Stephenson Robert F
Bought by
Stephenson Robert F and Stephenson Matthew Robert
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
Heidi Bowser
Realty One Group Pacific
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Current Estimated Value
$554,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,537
Avg. Annual Appreciation
8.24%
Original Mortgage
$180,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2014
Closed on
Jul 16, 2014
Sold by
Chavarria Donna
Bought by
Stephenson Robert F
Seller's Agent
Albert Ricci
Ricci Realty
Buyer's Agent
Heidi Bowser
Realty One Group Pacific
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 21, 2012
Closed on
Jan 7, 2013
Sold by
Mong Linette
Bought by
Chavarria Donna
Seller's Agent
Dave Csira
Cove Canyon Realty
Buyer's Agent
Dave Csira
Cove Canyon Realty
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.42%
Original Mortgage
$126,400
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2003
Sold by
Ramirez Ilian J
Bought by
Mong Linette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,400
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2000
Sold by
Orange Coast Title Company
Bought by
Ramirez Ilian J and Long Jamie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,964
Interest Rate
8.07%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 1996
Sold by
Conkey William L and Conkey Kathleen J
Bought by
Orange Coast Title Company
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
Stephenson Robert F -- Accommodation
Stephenson Robert F $225,000 Orange Coast Title
Chavarria Donna $158,000 First American Title Company
Mong Linette $225,500 Ticor Title Company
Ramirez Ilian J $125,000 Orange Coast Title
Orange Coast Title Company -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stephenson Robert F $180,000
Previous Owner Chavarria Donna $126,400
Previous Owner Mong Linette $180,400
Previous Owner Ramirez Ilian J $121,964
Closed Mong Linette $45,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2014 08/13/14 Sold $225,000 -6.2% $284 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
07/05/2014 07/05/14 For Sale $239,900 +49.9% $303 / Sq Ft
12/30/2012 12/30/12 Sold $160,000 0.0% $202 / Sq Ft View Prior Sale
09/21/2012 09/21/12 For Sale $160,000 -- $202 / 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 $3,190 $459,000 $372,158 $86,842
2024 $3,190 $265,110 $189,719 $75,391
2023 $3,117 $259,912 $185,999 $73,913
2022 $3,055 $254,816 $182,352 $72,464
2021 $2,973 $249,820 $178,776 $71,044
2020 $2,945 $247,259 $176,943 $70,316
2019 $2,911 $242,411 $173,473 $68,938
2018 $2,867 $237,658 $170,071 $67,587
2017 $2,754 $232,999 $166,737 $66,262
2016 $2,703 $228,431 $163,468 $64,963
2015 $2,663 $225,000 $161,012 $63,988
2014 $1,968 $158,717 $97,519 $61,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14141588

California Regional Multiple Listing Service (CRMLS)

APN: 930-604-48