NOT LISTED FOR SALE

Estimated Value: $787,712 - $1,005,000

2 Beds
2 Baths
1,200 Sq Ft
$420/mo HOA Fee

Last Sold July 14, 2016

Last sale price $485,000 $404 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,587/month

Highlights

  • Fitness Center
  • Guarded Parking
  • Heated In Ground Pool
  • John Malcom Elementary School Rated A
  • 24-Hour Security
  • No Units Above

About This Home

As of July 2016

Situated in the prestigious community of Ritz Pointe within walking distance to Salt Creek Beach, St. Regis and Ritz Carton resorts. Rarely available one story two bedroom and two bath end unit condo with vaulted ceilings and NO STEPS entry location! Cozy fireplace in the living room, separate dining area, two master bedrooms each with a spacious walk-in closet. This unit has a separate storage and laundry room. This property is a perfect beach-close investor opportunity in an area of high vacation rental demand surrounded by multi-milion dollar homes and five star’s resorts. Community amenities include direct access to Salt Creek Beach with trails less than a mile walk or bike through the Monarch Beach links Golf Course. Association clubhouse, pool, spas and GYM; one of the spas has a breathtaking panoramic ocean view! This development is located in a guard gated community.

Last Agent to Sell the Property

Katarina Kuczera

First Team Real Estate License #01409555 Listed on: 06/02/2016

First Team Real Estate

Last Buyer's Agent

Katarina Kuczera

First Team Real Estate License #01409555 Listed on: 06/02/2016

First Team Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1989

Lot Details

  • Property fronts a private road
  • No Units Above
  • End Unit
  • 1 Common Wall
  • Sprinkler System

HOA Fees

Home Design

  • Contemporary Architecture
  • Planned Development
  • Slab Foundation
  • Fire Rated Drywall
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Skylights
  • Double Pane Windows
  • Window Screens
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Formal Dining Room

Kitchen

  • Electric Cooktop
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Parking Available
  • Covered Parking
  • Private Parking
  • Guest Parking
  • On-Site Parking
  • Parking Lot
  • Assigned Parking
  • Guarded Parking

Pool

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

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Wrap Around Porch

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 13434
  • Assessor Parcel Number 93936596

Community Details

Overview

  • 320 Units
  • Greenbelt

Amenities

  • Clubhouse
  • Meeting Room
  • Card Room
  • Recreation Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed with Restrictions

Security

  • 24-Hour Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1989

Lot Details

0

HOA Fees

$420 per month

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Private Road
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Monarch Hills Condos (MHC)
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93936596
  • Year Built: 1989
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1200.00
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Living Room Deck Attached, Open Floorplan, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Separated
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 404.17
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet, Two Masters
  • Spa Features: Association, Heated, In Ground
  • Window Features: Double Pane Windows, Screens, Skylight(s)

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Patio And Porch Features: Deck, Enclosed, Wrap Around
  • Pool Features: Association, Community, Fenced, Heated, In Ground
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Covered, Guarded, Guest, On Site, Parking Space, Private

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Water Line to Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Card Room, Guard, Gym/Ex Room, Meeting Room, Pet Rules, Pets Permitted, Pool, Recreation Room, Security, Spa/Hot Tub, Trash, Water
  • Association Fee: 349.00
  • Association #2 Fee: 71.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Greenbelt, Paved, Planned Unit Development, Sprinkler System

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 320
  • Number Of Units Total: 320

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 13434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2016
Closed on
Jun 7, 2016
Sold by
Henderson Walter R and Henderson Janice L
Bought by
Tehranchi Babak and Baniriah Katayoun
Seller's Agent
Katarina Kuczera
First Team Real Estate
Buyer's Agent
Katarina Kuczera
First Team Real Estate
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Current Estimated Value
$894,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,178
Avg. Annual Appreciation
6.62%
Original Mortgage
$388,000
Outstanding Balance
$309,707
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$584,471

Purchase Details

Listed on
May 24, 2013
Closed on
May 1, 2013
Sold by
Loiacono Felix Joseph and Loiacono Sally Ann
Bought by
Henderson Walter R and Henderson Janice L
Seller's Agent
Katarina Kuczera
First Team Real Estate
Buyer's Agent
Katarina Kuczera
First Team Real Estate
Sold Price
$1,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%

Purchase Details

Closed on
Apr 3, 2002
Sold by
Benveniste Glenn B and Benveniste Kim D
Bought by
Loiacono Felix Joseph and Loiacono Sally Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
7.13%

Purchase Details

Closed on
Aug 10, 2000
Sold by
Foster Kim D and Glenn Benveniste Glenn
Bought by
Benveniste Glenn B and Foster Kim D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,900
Interest Rate
8.64%

Purchase Details

Closed on
Dec 29, 1995
Sold by
Monarch Beach Venture Ltd
Bought by
Foster Kim D and Benveniste Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,100
Interest Rate
7.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tehranchi Babak $485,000 Western Resources Title
Henderson Walter R $400,000 First American Title Company
Loiacono Felix Joseph $269,000 Fidelity National Title Ins
Benveniste Glenn B -- Lawyers Title Company
Foster Kim D $137,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tehranchi Babak $388,000
Previous Owner Loiacono Felix Joseph $215,200
Previous Owner Benveniste Glenn B $140,900
Previous Owner Foster Kim D $132,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2016 07/14/16 Sold $485,000 -2.8% $404 / Sq Ft
06/04/2016 06/04/16 For Sale $499,000 0.0% $416 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $499,000 0.0% $416 / Sq Ft
08/06/2013 08/06/13 Rented $1,950 0.0% --
07/31/2013 07/31/13 Under Contract -- -- --
07/15/2013 07/15/13 For Rent $1,950 0.0% --
06/17/2013 06/17/13 Rented $1,950 -99.5% --
06/16/2013 06/16/13 Under Contract -- -- --
05/24/2013 05/24/13 Sold $399,900 0.0% $347 / Sq Ft View Prior Sale
05/24/2013 05/24/13 For Rent $2,000 0.0% --
04/30/2013 04/30/13 Pending -- -- --
04/25/2013 04/25/13 For Sale $399,900 -- $347 / 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 $6,166 $562,881 $430,080 $132,801
2024 $6,166 $551,845 $421,647 $130,198
2023 $5,987 $541,025 $413,379 $127,646
2022 $5,829 $530,417 $405,273 $125,144
2021 $5,697 $520,017 $397,326 $122,691
2020 $5,674 $514,685 $393,252 $121,433
2019 $5,558 $504,594 $385,542 $119,052
2018 $5,435 $494,700 $377,982 $116,718
2017 $5,310 $485,000 $370,570 $114,430
2016 $4,594 $415,989 $298,761 $117,228
2015 $4,421 $409,741 $294,273 $115,468
2014 $4,344 $401,715 $288,508 $113,207
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16120527

California Regional Multiple Listing Service (CRMLS)

APN: 939-365-96