NOT LISTED FOR SALE

8 Pantano Unit 88 Rancho Santa Margarita, CA 92688

Estimated Value: $771,000 - $936,000

2 Beds
2.5 Baths
1,397 Sq Ft
$305/mo HOA Fee

Last Sold August 06, 2015

Last sale price $450,000 $322 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,232/month

20 Days on Market

Highlights

  • In Ground Spa
  • Across the Road from Lake or Ocean
  • Wood Flooring
  • Trabuco Mesa Elementary School Rated A
  • View of Trees or Woods
  • 1-minute walk to Rancho Santa Margarita Lake Park

About This Home

As of August 2015

This stunning condominium is located just a few homes away from RSM lake. Floramar is a beautiful community that provides resort style living for it's homeowners with it's own private pool and spa. Private locked gate access to the RSM lake offers a few steps away from a scenic evening stroll around the 1 mile lake, or beach club access. RSM offers access to 5 pools, tennis courts, baseball fields, parks and BBQ's. This private corner lot home has two patios to enjoy extended outdoor living. Upgraded light and bright with great flooring and newly remodeled kitchen and appliances. Two master suite bedrooms upstairs each with private bath. Spacious open family room with fireplace, opens to patio. Detached 2 car garage with laundry, gated private courtyard from garage to home.

Last Agent to Sell the Property

Jeana Keough

Coldwell Banker Realty License #01208463 Listed on: 06/24/2015

Coldwell Banker Realty

Last Buyer's Agent

Peyman Heydari

Blue Star Realty License #01719632

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,466

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • Property fronts an alley
  • 1 Common Wall
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • Woods
  • Mountain
  • Neighborhood

Home Design

  • Mediterranean Architecture
  • Patio Home
  • Planned Development
  • Slab Foundation

Interior Spaces

  • 1,397 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Custom Window Coverings
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms

Home Security

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Patio
  • Wrap Around Porch

Location

  • Across the Road from Lake or Ocean
  • Property is near a park
  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • 220 Volts in Garage
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 12459
  • Assessor Parcel Number 93188538

Community Details

Overview

  • 112 Units
  • Floramar Association, Phone Number (949) 716-3998
  • Samlarc Association, Phone Number (949) 709-0010

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

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

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,466

Year Built

Built in 1986 | Remodeled

Lot Details

0

HOA Fees

$305 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Floramar (FM)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93188538
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1397.00
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Family Kitchen
  • Fireplace Features: Family Room, Gas Starter, Living Room
  • Levels: Two
  • Price Per Square Foot: 322.12
  • Room Type: All Bedrooms Up, Family Room
  • Spa Features: Association, In Ground
  • Window Features: Custom Covering

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Mountain(s), Neighborhood, Trees/Woods
  • Patio And Porch Features: Wrap Around
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Underground Utilities
  • Heating: Yes
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Samlarc
  • Amenities: Barbecue, Biking Trails, Dues Paid Monthly, Hiking Trails, Pets Permitted, Picnic Area, Playground, Pool, Spa/Hot Tub, Sport Court, Tennis Court(s)
  • Association Fee: 250.00
  • Association #2 Fee: 55.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Floramar
  • Phone: 949-716-3998
  • Association Phone #2: 949-709-0010
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Schools

  • School District: Saddleback Valley Unified

Lot Info

  • Lot Features: Patio Home, Park Nearby, Corner Lot, Planned Unit Development, Sprinkler System, Near Public Transit

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 112
  • Number Of Units Total: 112
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 12459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2015
Closed on
Jul 15, 2015
Sold by
Ballstaedt Benjamin and Ballstaedt Elizabeth
Bought by
Varzgah Bahar
Seller's Agent
Jeana Keough
Coldwell Banker Realty
Buyer's Agent
Peyman Heydari
Blue Star Realty
List Price
$449,000
Sold Price
$450,000
Premium/Discount to List
$1,000
0.22%
Current Estimated Value
$839,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,061
Avg. Annual Appreciation
5.77%
Original Mortgage
$356,000
Outstanding Balance
$279,164
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$514,517

Purchase Details

Closed on
Mar 22, 2011
Sold by
Hong Byung S
Bought by
Ballstaedt Benjamin and Ballstaedt Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2007
Sold by
Hong Byung S
Bought by
Hong Byung S and The Byung S Hong Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 2, 2007
Sold by
Hong Byung S
Bought by
Hong Byung S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 21, 2004
Sold by
Hong Byung S
Bought by
Hong Byung S and The Byung S Hong Revocable Trust

Purchase Details

Closed on
Mar 3, 2004
Sold by
Delavega Alma Delia
Bought by
Hong Byung S

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
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2002
Sold by
Delavega Karina
Bought by
Delavega Alma Delia

Purchase Details

Closed on
Sep 22, 2000
Sold by
Delavega Alma Delia
Bought by
Delavega Karina

Purchase Details

Closed on
Sep 15, 2000
Sold by
Richard Mcelwee and Mcelwee Family Trust
Bought by
Delavega Alma Delia

Purchase Details

Closed on
Jul 27, 1998
Sold by
Richard Mcelwee
Bought by
Mcelwee Richard and Mcelwee Sandra Gale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 1994
Sold by
Mcelwee Richard
Bought by
Mcelwee Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
7.16%

Purchase Details

Closed on
Jan 7, 1993
Sold by
Mcelwee Sandra A
Bought by
Mcelwee Richard
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
Varzgah Bahar $450,000 Orange Coast Title Company
Ballstaedt Benjamin $285,000 Lsi
Hong Byung S -- None Available
Hong Byung S -- Chicago Title Co
Hong Byung S -- --
Hong Byung S $380,000 Fidelity National Title
Delavega Alma Delia -- --
Delavega Karina -- Orange Coast Title Company
Delavega Alma Delia $220,000 First Southwestern Title Co
Mcelwee Richard -- --
Mcelwee Richard -- Guardian Title Company
Mcelwee Richard -- Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varzgah Bahar $356,000
Previous Owner Ballstaedt Benjamin $227,500
Previous Owner Hong Byung S $240,000
Previous Owner Hong Byung S $180,000
Previous Owner Mcelwee Richard $133,000
Previous Owner Mcelwee Richard $125,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2015 08/06/15 Sold $450,000 +0.2% $322 / Sq Ft
07/14/2015 07/14/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $449,000 -- $321 / 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 $5,466 $532,705 $392,782 $139,923
2024 $5,466 $522,260 $385,080 $137,180
2023 $5,342 $512,020 $377,529 $134,491
2022 $5,252 $501,981 $370,127 $131,854
2021 $4,538 $492,139 $362,870 $129,269
2020 $5,115 $487,093 $359,149 $127,944
2019 $5,740 $477,543 $352,107 $125,436
2018 $5,658 $468,180 $345,203 $122,977
2017 $5,738 $459,000 $338,434 $120,566
2016 $6,098 $450,000 $331,798 $118,202
2015 $4,172 $297,853 $180,172 $117,681
2014 $4,096 $292,019 $176,643 $115,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15136889

California Regional Multiple Listing Service (CRMLS)

APN: 931-885-38