NOT LISTED FOR SALE

79 Mercantile Way Ladera Ranch, CA 92694

Estimated Value: $1,190,000 - $1,459,000

3 Beds
2.5 Baths
1,734 Sq Ft
$730/Sq Ft Est. Value

Last Sold February 22, 2012

Last sale price $400,000 $231 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $7,257/month

Highlights

  • In Ground Pool
  • Furnished
  • Laundry Room
  • Chaparral Elementary School Rated A
  • 2 Car Attached Garage
  • Community Barbecue Grill

About This Home

As of November 2018

Beautiful updated fully-furnished executive rental. Spacious eat-in kitchen with granite counters and stainless appliances. Travertine flooring throughout downstairs with newer carpeting up. Open floorplan with large living area and separate dining. Living room and kitchen offer access to spacious and cozy courtyard that features tropical plants, large outdoor dining area and separate sitting area with comfy cushioned furniture and firepit table. Master suite has the feel of a fine hotel with luxurious bedding and designer furnishings and views to the mountains. It features a walk-in closet and large master bath with split vanities and separate shower and tub. Two more bedrooms offer similar furnishings. Walking distance to pool, shops, restaurants and more. Perfect for the executive or vacation rental or anyone needing a short-term rental. Completely outfitted with everything you will need. Willing to consider shorter term at higher rent amount.

Last Agent to Rent the Property

Colleen Pestana

Rise Realty License #01372068 Listed on: 10/02/2018

Rise Realty

Last Renter's Agent

Colleen Pestana

Rise Realty License #01372068 Listed on: 10/02/2018

Rise Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,787

Year Built

  • Built in 2001

Lot Details

  • 2,392 Sq Ft Lot
  • Sprinkler System
  • Garden
  • Front Yard

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,734 Sq Ft Home
  • Furnished
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Outdoor Features

  • In Ground Pool
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Air
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $7,000
  • Rent includes association dues, trash collection
  • 12-Month Minimum Lease Term
  • Available 11/20/18
  • Tax Lot 55
  • Tax Tract Number 15886
  • Assessor Parcel Number 75946146

Community Details

Overview

  • Property has a Home Owners Association

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,787

Year Built

Built in 2001

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2018-11-20
  • Credit Check Paid By: Tenant
  • Deposit Key: 100
  • Deposit Pets: 500
  • Deposit Security: 7000
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Owner

Listing Details

  • Property Attached: No
  • Subdivision Name Other: The Gables (GABL)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 75946146
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1734.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2.02
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Features: Association, In Ground
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Schools

  • School District: Capistrano Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Garden, Sprinkler System
  • Lot Size Sq Ft: 2392.00
  • Lot Size Acres: 0.0549

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 2392.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Trash Collection

Tax Info

  • Tax Census Tract: 320.57
  • Tax Lot: 55
  • Tax Tract Number: 15886

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2017
Sold by
Watts Thomas M
Bought by
Watts Angelikda Dippold
Current Estimated Value
$1,265,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.9%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 14, 2014
Sold by
Watts Thomas M and Watts Angelika Dippold
Bought by
Watts Thomas M and Watts Angelika Dippold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Outstanding Balance
$225,994
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$1,039,673

Purchase Details

Listed on
Sep 6, 2011
Closed on
Jan 30, 2012
Sold by
Mcaleer James Edward
Bought by
Watts Thomas Martin and Watts Angelika Dippold
Seller's Agent
Chad Sherman
KMS Properties
Buyer's Agent
Colleen Pestana
Rise Realty
List Price
$429,000
Sold Price
$400,000
Premium/Discount to List
-$29,000
-6.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%

Purchase Details

Closed on
Aug 8, 2007
Sold by
Mcaleer James E
Bought by
Mcaleer James Edward and The James Edward Mcaleer Iii Trust

Purchase Details

Closed on
May 11, 2006
Sold by
Watson Erika Peterson and Watson Michael Kapono
Bought by
Mcaleer James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2004
Sold by
Garcia Christina Olivia
Bought by
Watson Erika Peterson and Watson Michael Kapono

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2002
Sold by
K Hovnanian At The Gables Llc
Bought by
Garcia Christina Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,500
Interest Rate
6.25%
Source: Public Records

Range of Values:

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Average Value
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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
Watts Angelikda Dippold -- None Available
Watts Thomas M -- Corinthian Title
Watts Thomas Martin $400,000 Orange Coast Title
Mcaleer James Edward -- None Available
Mcaleer James E $625,000 First American Title Co
Watson Erika Peterson $590,000 Gateway Title
Garcia Christina Olivia $329,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Watts Angelikda Dippold $70,000
Open Watts Thomas M $295,000
Previous Owner Mcaleer James E $500,000
Previous Owner Watson Erika Peterson $472,000
Previous Owner Garcia Christina Olivia $312,500
Closed Watson Erika Peterson $88,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2018 11/20/18 Rented $3,500 0.0% --
10/05/2018 10/05/18 Price Changed $3,500 -5.4% $2 / Sq Ft
10/02/2018 10/02/18 For Rent $3,700 +5.7% --
04/15/2016 04/15/16 Rented $3,500 0.0% --
04/04/2016 04/04/16 Price Changed $3,500 -4.1% $2 / Sq Ft
03/23/2016 03/23/16 Price Changed $3,650 -5.2% $2 / Sq Ft
03/03/2016 03/03/16 For Rent $3,850 +10.0% --
04/21/2014 04/21/14 Rented $3,500 0.0% --
03/22/2014 03/22/14 Under Contract -- -- --
03/19/2014 03/19/14 For Rent $3,500 0.0% --
07/01/2013 07/01/13 Rented $3,500 0.0% --
06/25/2013 06/25/13 Under Contract -- -- --
06/24/2013 06/24/13 For Rent $3,500 0.0% --
10/10/2012 10/10/12 Rented $3,500 0.0% --
10/10/2012 10/10/12 Under Contract -- -- --
09/08/2012 09/08/12 For Rent $3,500 +2.9% --
08/29/2012 08/29/12 Rented $3,400 0.0% --
07/30/2012 07/30/12 Under Contract -- -- --
06/18/2012 06/18/12 For Rent $3,400 0.0% --
02/22/2012 02/22/12 Sold $400,000 -4.5% $230 / Sq Ft View Prior Sale
09/06/2011 09/06/11 Price Changed $419,000 -2.3% $241 / Sq Ft
09/06/2011 09/06/11 For Sale $429,000 -- $246 / 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 $6,787 $502,418 $288,119 $214,299
2024 $6,787 $492,567 $282,469 $210,098
2023 $6,688 $482,909 $276,930 $205,979
2022 $6,586 $473,441 $271,500 $201,941
2021 $6,494 $464,158 $266,176 $197,982
2020 $6,397 $459,399 $263,447 $195,952
2019 $6,438 $450,392 $258,282 $192,110
2018 $6,402 $441,561 $253,217 $188,344
2017 $6,457 $432,903 $248,252 $184,651
2016 $6,391 $424,415 $243,384 $181,031
2015 $6,440 $418,040 $239,728 $178,312
2014 $6,473 $409,852 $235,032 $174,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18239606

California Regional Multiple Listing Service (CRMLS)

APN: 759-461-46