NOT LISTED FOR SALE

700 E Lake Dr Unit 54 Orange, CA 92866

Estimated Value: $532,000 - $584,000

1 Bed
1 Bath
810 Sq Ft
$681/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $342,000 $422 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,661/month

45 Days on Market

Highlights

  • Filtered Pool
  • View of Trees or Woods
  • Property is near park
  • No Units Above
  • Open Floorplan
  • Loft

About This Home

As of March 2019

Your private oasis at Morningside on the Lake awaits you! This highly sought-after community offers its residents an unparalleled living experience with lush landscaping that includes soaring trees surrounding a serene lake, waterfalls, meandering pathways, and bridges over ponds and streams. This beautifully maintained end unit with brand-new natural stone tile, new carpeting, and freshly painted walls, sits nestled by the lake with breathtaking views in one of the most desirable locations in the community. With a patio to enjoy the peaceful setting and only one shared wall, this exquisite home is virtually surrounded by the sights and sounds of a secluded sanctuary. Towering high-rise ceilings and massive windows offer an abundance of natural light, illuminating the entire home. The upstairs loft bedroom features large windows overlooking the tranquil surroundings. The community pool and spa are just steps away as is the beautiful Hart Park, which provides walking paths, sports fields and the annual Concerts in the Park series. One car covered carport and plenty of guest parking allow family and friends to visit this hidden community, just one mile from Old Towne and Chapman University with easy access to all Orange County freeways. This home has it all – quick access to the hustle bustle of daily life and a welcoming escape.

Last Agent to Sell the Property

David Chase

First Team Real Estate License #01384481 Listed on: 11/27/2018

First Team Real Estate

Last Buyer's Agent

David Chase

First Team Real Estate License #01384481 Listed on: 11/27/2018

First Team Real Estate

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • Home fronts a stream
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $350 Monthly HOA Fees

Property Views

  • Woods
  • Creek or Stream

Home Design

  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Stucco

Interior Spaces

  • 810 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Beamed Ceilings
  • High Ceiling
  • Gas Fireplace
  • Sliding Doors
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Loft
  • Storage

Kitchen

  • Breakfast Bar
  • Convection Oven
  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces
  • 1 Detached Carport Space
  • Parking Available
  • Guest Parking
  • Assigned Parking

Pool

  • Filtered Pool
  • Heated In Ground Pool
  • Fence Around Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch

Location

  • Property is near park
  • Suburban Location

Schools

  • Palmyra Elementary School
  • Orange High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1056
  • Tax Tract Number 10566
  • Assessor Parcel Number 93060454

Community Details

Overview

  • 142 Units
  • Optimum Professional Property Management Association, Phone Number (714) 508-9070

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Year Built

Built in 1979 | Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$350 per month

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Morningside On the Lake (MSLK)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Parcel Number: 93060454
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 810.00 Square Feet
  • Interior Amenities: Beamed Ceilings, High Ceilings, Living Room Deck Attached, Open Floorplan, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Ell
  • Fireplace Features: Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 422.22
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Loft, Master Bathroom
  • Spa Features: Association, Heated, In Ground
  • Bathroom Features: Bathtub, Shower In Tub, Privacy Toilet Door

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Creek/Stream, Trees/Woods, Water
  • Patio And Porch Features: Covered, Patio, Rear Porch
  • Pool Features: Association, Fenced, Filtered, Heated, In Ground
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Guest
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Closet, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Trash, Dues Paid Monthly, Pets Permitted, Call for Rules
  • Association Fee: 350.00
  • Association Fee Frequency: Monthly
  • Association Name: Optimum Professional Property Management
  • Phone: 714-508-9070
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Schools

  • Elementary School: Palmyra
  • High School: Orange
  • Elementary School #2: PALMYR
  • High School2: ORANGE3

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Park Nearby

Multi Family

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

Tax Info

  • Tax Lot: 1056
  • Tax Tract Number: 10566

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2018
Closed on
Jan 15, 2019
Sold by
Hansen Nancy Susan
Bought by
Martin Jennifer V
Seller's Agent
David Chase
First Team Real Estate
Buyer's Agent
David Chase
First Team Real Estate
List Price
$345,000
Sold Price
$342,000
Premium/Discount to List
-$3,000
-0.87%
Current Estimated Value
$551,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,995
Avg. Annual Appreciation
7.00%
Original Mortgage
$272,000
Outstanding Balance
$236,690
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$315,305
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
Martin Jennifer V $342,000 Western Resources Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Jennifer V $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $342,000 -0.9% $422 / Sq Ft
11/27/2018 11/27/18 For Sale $345,000 -- $426 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,342 $381,505 $311,828 $69,677
2024 $4,342 $374,025 $305,714 $68,311
2023 $4,244 $366,692 $299,720 $66,972
2022 $4,161 $359,502 $293,843 $65,659
2021 $4,047 $352,453 $288,081 $64,372
2020 $4,010 $348,840 $285,128 $63,712
2019 $1,863 $143,025 $74,388 $68,637
2018 $1,835 $140,221 $72,929 $67,292
2017 $1,767 $137,472 $71,499 $65,973
2016 $1,735 $134,777 $70,097 $64,680
2015 $1,709 $132,753 $69,044 $63,709
2014 $1,673 $130,153 $67,691 $62,462
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18279688

California Regional Multiple Listing Service (CRMLS)

APN: 930-604-54

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