NOT LISTED FOR SALE

9 Palmera Unit 54 Rancho Santa Margarita, CA 92688

Estimated Value: $826,000 - $878,000

2 Beds
2.5 Baths
1,408 Sq Ft
$332/mo HOA Fee

Last Sold August 27, 2021

Last sale price $635,000 $451 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,402/month

6 Days on Market

Highlights

  • In Ground Pool
  • No Units Above
  • Property is near a clubhouse
  • Trabuco Mesa Elementary School Rated A
  • Community Lake
  • Mediterranean Architecture

About This Home

As of August 2021

Walk to the Rancho Santa Margarita Lake from this Great 2 Bedroom / 3 Bathroom Condo. This Floramar home feels more like a single family house with its long driveway and attached 2 car garage. The downstairs has a living room with a cozy fireplace, spacious kitchen, family room with vaulted ceilings, and powder room. Upstairs you'll find 2 bedrooms and 2 bathrooms. The master bedroom has a balcony that looks over the private patio. It also has a walk in closet & large master bathroom with a tub/shower combo. The second bedroom has built in cabinets & a Murphy bed. The third bathroom has a remodeled tub/shower combo. There is a large private patio that has a pretty fountain as well as palm trees, roses, & shrubs. The home is close to the gated Floramar community pool and just steps away from the Santa Margarita Lake Beach Club. Enjoy the SAMLARC community parks & pools. There are nearby schools, shopping, dining, biking & hiking trails. It's a great home!

Last Agent to Sell the Property

Vicki Sommers

ERA North Orange County License #01827935 Listed on: 07/16/2021

Last Buyer's Agent

Linda Danahy

Regency Real Estate Brokers License #01003668

Regency Real Estate Brokers

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,845

Year Built

  • Built in 1986

Lot Details

  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Garden

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,408 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Window Screens
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Ceramic Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Mirrored Closets Doors
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Home Security

Pool

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

Outdoor Features

  • Balcony
  • Brick Porch or Patio
  • Exterior Lighting

Location

  • Property is near a clubhouse
  • Suburban Location

Schools

  • Trabuco Mesa Elementary School
  • Rancho Santa Margarita Middle School
  • Trabucco Hills High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 12459
  • Assessor Parcel Number 93188504

Community Details

Overview

  • 112 Units
  • Floramar Association, Phone Number (949) 716-3998
  • Samlarc Association, Phone Number (949) 709-0010
  • Powerstone HOA
  • Maintained Community
  • Community Lake

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park
  • Dog Park
  • Hiking Trails

Pet Policy

  • Pet Restriction

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,845

Year Built

Built in 1986

Lot Details

0

HOA Fees

$332 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Refrigerator, Washer & Dryer
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93188504
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1408.00 Square Feet
  • Interior Amenities: Balcony, Ceramic Counters, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, In Family Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 450.99
  • Room Type: All Bedrooms Up, Family Room, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
  • Spa Features: Association, In Ground
  • Window Features: Blinds, Screens
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s)
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Patio And Porch Features: Brick, Concrete, Patio, Patio Open
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Concrete, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: SAMLARC
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Picnic Area, Playground, Dog Park, Maintenance Grounds, Pet Rules
  • Association Fee: 266.00
  • Association #2 Fee: 66.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Floramar
  • Phone: 9497163998
  • Association Phone #2: 9497090010
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Dog Park, Hiking, Lake, Park, Sidewalks, Street Lights, Suburban
  • Association Management: Powerstone
  • Association Management 2: SAMLARC

Schools

  • School District: Saddleback Valley Unified
  • Elementary School: Trabuco Mesa
  • Middle School: Rancho Santa Margarita
  • High School: Trabucco Hills
  • Elementary School: Trabuco Mesa
  • High School: Trabucco Hills
  • Middle Or Junior School: Rancho Santa Margarita
  • Elementary School #2: TRAMES
  • High School2: TRAHIL2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Close to Clubhouse, Corner Lot, Garden

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 112
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 320.51
  • Tax Lot: 3
  • Tax Tract Number: 12459

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2021
Sold by
Fidopiastis Niki
Bought by
Hall Barbara A
Current Estimated Value
$844,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2018
Sold by
Fidopiastis Niki
Bought by
Fidopiastis Niki and The Niki Fidopiastis Living Trust

Purchase Details

Closed on
Nov 18, 2010
Sold by
Fidopiastis Niki
Bought by
Fidopiastis Niki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,880
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2003
Sold by
Lamarre Joseph W and Lamarre Nicole A
Bought by
Fidopiastis Niki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2002
Sold by
Quezada Maria Delsocorro
Bought by
Lamarre Joseph W and Lamarre Nicole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.28%
Source: Public Records

Range of Values:

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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
Hall Barbara A $635,000 Equity Title Company
Fidopiastis Niki -- Equity Title Company
Fidopiastis Niki -- None Available
Fidopiastis Niki -- Lawyers Title
Fidopiastis Niki $372,500 Security Union Title
Lamarre Joseph W $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hall Barbara A $508,000
Previous Owner Fidopiastis Niki $323,000
Previous Owner Fidopiastis Niki $344,880
Previous Owner Fidopiastis Niki $364,000
Previous Owner Fidopiastis Niki $20,000
Previous Owner Fidopiastis Niki $24,000
Previous Owner Fidopiastis Niki $360,000
Previous Owner Fidopiastis Niki $298,000
Previous Owner Lamarre Joseph W $300,700
Previous Owner Quezada Maria Delsocorro $175,000
Previous Owner Quezada Maria Delsocorro $25,000
Closed Fidopiastis Niki $55,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $635,000 +15.5% $451 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $550,000 -13.4% $391 / Sq Ft
07/19/2021 07/19/21 Off Market $635,000 -- --
07/16/2021 07/16/21 For Sale $550,000 -- $391 / 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 $6,845 $673,867 $526,916 $146,951
2024 $6,845 $660,654 $516,584 $144,070
2023 $6,688 $647,700 $506,454 $141,246
2022 $6,647 $635,000 $496,523 $138,477
2021 $4,427 $489,276 $324,358 $164,918
2020 $5,004 $484,260 $321,033 $163,227
2019 $5,552 $474,765 $314,738 $160,027
2018 $5,469 $465,456 $308,566 $156,890
2017 $5,531 $456,330 $302,516 $153,814
2016 $5,890 $447,383 $296,584 $150,799
2015 $5,649 $410,075 $274,166 $135,909
2014 $5,640 $410,075 $274,166 $135,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21151607

California Regional Multiple Listing Service (CRMLS)

APN: 931-885-04