NOT LISTED FOR SALE

73 Mercantile Way Ladera Ranch, CA 92694

Estimated Value: $1,302,000 - $1,321,000

4 Beds
2.5 Baths
2,003 Sq Ft
$655/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $710,000 $354 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $8,008/month

17 Days on Market

Highlights

  • Heated In Ground Pool
  • Clubhouse
  • Cathedral Ceiling
  • Chaparral Elementary School Rated A
  • Property is near a clubhouse
  • Granite Countertops

About This Home

As of October 2016

Wonderful four bedroom home located in "The Gables" of Ladara Ranch. As you walk through the front gate you will notice the beautiful hardscape with a nice sitting area in the front entry. You will enter into the living room and dinning room with lots of windows letting in the daylight. The kitchen with the large island / breakfast bar that is topped with granite along with the counter tops finished with a full back splash. Upstairs features the master bedroom with walk in closet, double sink vanity, large bathtub and shower area. The secondary rooms are located down the hall with adjoining shared bathroom. Another great feature is the laundry room located upstairs, also new water heater and new home Furnace . Enjoy all that Ladara Ranch has to offer with 12 pools, 5 clubhouses, parks, tennis, biking and hiking trails, great community events and a short walk to town center and Chaparral Elementary School.

Last Agent to Sell the Property

Christopher Reid

Bullock Russell RE Services License #01422996 Listed on: 07/15/2016

Bullock Russell RE Services

Last Buyer's Agent

Christopher Reid

Bullock Russell RE Services License #01422996 Listed on: 07/15/2016

Bullock Russell RE Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,113

Year Built

  • Built in 2001

Lot Details

  • 2,465 Sq Ft Lot
  • Wrought Iron Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

  • $232 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Interior Spaces

  • 2,003 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Storage
  • Neighborhood Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

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

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Property is near a clubhouse
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 52
  • Tax Tract Number 15886
  • Assessor Parcel Number 75946149

Community Details

Overview

  • Larmac Association
  • Built by K. Hovanian

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities
  • Recreation Room

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,113

Year Built

Built in 2001

Lot Details

0

HOA Fees

$232 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: The Gables (GABL)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 75946149
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2003.00
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Storage
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Price Per Square Foot: 354.47
  • Room Type: All Bedrooms Up, Family Room, Living Room, Master Bedroom, Walk-In Closet
  • Spa Features: Association, Heated, In Ground
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Builder Name: K. Hovanian
  • Patio And Porch Features: Covered, Porch
  • Pool Features: Association, Fenced, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Disposal, Gas Cooktop
  • Heating Type: Central, ENERGY STAR Qualified Equipment
  • Laundry Features: Individual Room, Upper Level
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Biking Trails, Banquet Facilities, Clubhouse, Hiking Trails, Outdoor Cooking Area, Playground, Pool, Recreation Room, Spa/Hot Tub, Sport Court, Tennis Court(s)
  • Association Fee: 232.00
  • Association Fee Frequency: Monthly
  • Association Name: LARMAC
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse, Landscaped, Paved, Sprinkler System
  • Lot Size Sq Ft: 2465.00
  • Price Per Lot Square Foot: 279.88

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 52
  • Tax Model: 4
  • Tax Tract Number: 15886

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Oct 11, 2016
Sold by
Musal Bhavna
Bought by
Musal Rana
Seller's Agent
Christopher Reid
Bullock Russell RE Services
Buyer's Agent
Christopher Reid
Bullock Russell RE Services
List Price
$685,000
Sold Price
$710,000
Premium/Discount to List
$25,000
3.65%
Current Estimated Value
$1,311,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$601,598
Avg. Annual Appreciation
7.05%
Original Mortgage
$636,446
Outstanding Balance
$508,769
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$802,829

Purchase Details

Listed on
Jul 15, 2016
Closed on
Oct 10, 2016
Sold by
Musal Urua Jay
Bought by
Musal Jay
Seller's Agent
Christopher Reid
Bullock Russell RE Services
Buyer's Agent
Christopher Reid
Bullock Russell RE Services
List Price
$685,000
Sold Price
$710,000
Premium/Discount to List
$25,000
3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,446
Outstanding Balance
$508,769
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$802,829

Purchase Details

Listed on
Jul 15, 2016
Closed on
Aug 31, 2016
Sold by
Raskulinecz Chris and Raskulinecz Kristen
Bought by
Musal Karan R and Musal Darshna K
Seller's Agent
Christopher Reid
Bullock Russell RE Services
Buyer's Agent
Christopher Reid
Bullock Russell RE Services
List Price
$685,000
Sold Price
$710,000
Premium/Discount to List
$25,000
3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,446
Outstanding Balance
$508,769
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$802,829

Purchase Details

Closed on
Sep 7, 2006
Sold by
Santos Honorio and Santos Concepcion B
Bought by
Raskulinecz Chris and Raskulinecz Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2005
Sold by
Santos Honorio and Santos Concepcion B
Bought by
Santos Honorio and Santos Concepcion B

Purchase Details

Closed on
Dec 5, 2001
Sold by
K Hovnanian At The Gables Llc
Bought by
Santos Honorio A and Santos Concepcion B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6%
Source: Public Records

Range of Values:

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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
Musal Rana -- Western Resources Title Co
Musal Jay -- Western Resources Title Co
Musal Karan R $685,000 Western Resources Title Co
Raskulinecz Chris $670,000 Ticor Title
Santos Honorio -- --
Santos Honorio -- --
Santos Honorio A $354,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musal Jay $636,446
Previous Owner Raskulinecz Chris $536,000
Previous Owner Santos Honorio A $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $710,000 +2.9% $354 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
07/15/2016 07/15/16 Price Changed $689,900 +0.7% $344 / Sq Ft
07/15/2016 07/15/16 For Sale $685,000 -- $342 / 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 $10,113 $794,998 $560,735 $234,263
2024 $10,113 $779,410 $549,740 $229,670
2023 $9,953 $764,128 $538,961 $225,167
2022 $9,798 $749,146 $528,394 $220,752
2021 $9,655 $734,457 $518,033 $216,424
2020 $9,523 $726,927 $512,722 $214,205
2019 $9,630 $712,674 $502,669 $210,005
2018 $9,559 $698,700 $492,812 $205,888
2017 $9,647 $685,000 $483,149 $201,851
2016 $9,617 $673,000 $462,588 $210,412
2015 $9,098 $615,648 $405,236 $210,412
2014 $9,275 $615,648 $405,236 $210,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16154201

California Regional Multiple Listing Service (CRMLS)

APN: 759-461-49