NOT LISTED FOR SALE

93 Mercantile Way Ladera Ranch, CA 92694

Estimated Value: $1,285,000 - $1,470,000

4 Beds
2.5 Baths
1,880 Sq Ft
$711/Sq Ft Est. Value

Last Sold February 22, 2017

Last sale price $675,000 $359 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $8,129/month

128 Days on Market

Highlights

  • Heated Spa
  • Primary Bedroom Suite
  • Open Floorplan
  • Chaparral Elementary School Rated A
  • View of Trees or Woods
  • Craftsman Architecture

About This Home

As of February 2017

Absolutely stunning 3 bedroom + Office home with wrap-around porch situated on a corner lot offering lots of privacy! Located in The Gables community of Ladera Ranch, and enriched with an abundance of natural light, this gorgeous home has been recently upgraded throughout. First floor highlights include custom travertine flooring, plantation shutters, designer paint, and upgraded lighting. The recently remodeled gourmet kitchen has been accented with newer cabinets, granite countertops, new stainless appliances, LED lighting, and separate eating area. Family room with remodeled fireplace that is encased with modern stone looks out onto the side patio, providing the perfect flow for entertaining. Upstairs features 2 secondary bedrooms and a large bonus room that can be easily converted to a fourth bedroom. The master suite offers a walk-in closet, dual vanity sinks, large soaking tub, and separate shower. Laundry room is also conveniently located on the second level. This home is also equipped with leased Solar Panels to save on electricity costs, and a oversized 2 car garage. Ladera Ranch amenities include high speed internet, award winning schools, pools, clubhouses, tennis, water parks, skate park, community events, and miles of biking & hiking trails.

Last Agent to Sell the Property

Lorrie White

First Team Real Estate License #01871545 Listed on: 09/11/2016

Co-Listed By

Jeffrey White

First Team Real Estate License #01739535

Last Buyer's Agent

Steven Mino

Coldwell Banker Realty License #01856243

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,928

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 3,156 Sq Ft Lot
  • Masonry wall
  • Wood Fence
  • Paved or Partially Paved Lot

HOA Fees

  • $236 Monthly HOA Fees

Parking

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

Home Design

  • Craftsman Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Flat Tile Roof
  • Concrete Roof
  • Wood Siding
  • Metal Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,880 Sq Ft Home
  • Open Floorplan
  • Wired For Data
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Blinds
  • Window Screens
  • Insulated Doors
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Views of Woods

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Self-Cleaning Oven
  • Gas and Electric Range
  • Free-Standing Range
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Heated Spa
  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Chaparral Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • Sewer on Bond

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 15886
  • Assessor Parcel Number 75946112

Community Details

Overview

  • Larmac Association, Phone Number (800) 428-5588
  • Built by K Hovnanian Homes

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,928

Year Built

Built in 2001 | Remodeled

Lot Details

0

HOA Fees

$236 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerator, Washer & Dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: The Gables (GABL)
  • View: Yes
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 75946112
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1880.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Wired for Data, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting
  • 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
  • Door Features: Insulated Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Price Per Square Foot: 359.04
  • Room Type: All Bedrooms Up, Bonus Room, Family Room, Living Room, Master Suite, Walk-In Closet
  • Spa Features: Association, Heated
  • Window Features: Blinds, Double Pane Windows, Plantation Shutters, Screens

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Trees/Woods
  • Fence: Yes
  • Fencing: Masonry, Wood
  • Builder Name: K Hovnanian Homes
  • Patio And Porch Features: Covered, Concrete, Patio
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Concrete, Flat Tile
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Metal Siding, Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Range, Disposal, Gas & Electric Range, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Water Heater, Water Line to Refrigerator
  • Heating Type: Forced Air, Fireplace(s), Natural Gas
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Individual Room, Upper Level, Washer Included
  • Sewer: Sewer On Bond
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Dues Paid Monthly, Hiking Trails, Picnic Area, Playground, Pool, Sewer, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 236.00
  • Association Fee Frequency: Monthly
  • Association Name: Larmac
  • Phone: 800-428-5588
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Schools

  • School District: Capistrano Unified
  • Elementary School: Chaparral
  • Elementary School: Chaparral
  • Elementary School #2: CHAPAR2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 3156.00
  • Price Per Lot Square Foot: 213.88

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 15886

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2016
Closed on
Jan 19, 2017
Sold by
Shelmandine James and Shelmandine Sarah
Bought by
Mclaughlin Mark D and Mclaughlin Kathryn M
Seller's Agent
Lorrie White
First Team Real Estate
Buyer's Agent
Steven Mino
Coldwell Banker Realty
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$1,336,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$661,680
Avg. Annual Appreciation
8.21%
Original Mortgage
$665,288
Outstanding Balance
$549,506
Interest Rate
4.2%
Mortgage Type
VA
Estimated Equity
$787,174

Purchase Details

Listed on
May 16, 2014
Closed on
Apr 16, 2014
Sold by
Tennant Michael F and Tennant Margaret H
Bought by
Shelmandine James and Shelmandine Sarah
Seller's Agent
Rita Tayenaka
Coast to Canyon Real Estate
Buyer's Agent
Cathie Berlin
Coast to Canyon Real Estate
List Price
$635,000
Sold Price
$635,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.25%
Original Mortgage
$558,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 22, 2012
Closed on
Feb 21, 2012
Sold by
Property Sales Ii Llc
Bought by
Tennant Michael F and Tennant Margaret H
Seller's Agent
Gary Koch
Coldwell Banker Realty
Buyer's Agent
Rita Tayenaka
Coast to Canyon Real Estate
List Price
$460,000
Sold Price
$470,000
Premium/Discount to List
$10,000
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%
Original Mortgage
$453,550
Interest Rate
3.83%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 21, 2011
Sold by
Lydon Joseph John
Bought by
Property Sales Ii Llc

Purchase Details

Closed on
Dec 2, 2011
Sold by
Lydon Andrea Maher
Bought by
Lydon Joseph John

Purchase Details

Closed on
Dec 1, 2011
Sold by
Shahinian Sooren and Shahinian Victoria Susie
Bought by
Lydon Joseph John

Purchase Details

Closed on
Nov 19, 2004
Sold by
Fenelli Amy
Bought by
Shahinian Sooren and Shahinian Victoria Susie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2004
Sold by
Ciftcikara Oz
Bought by
Fenelli Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,700
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2001
Sold by
K Hovnanian At The Gables Llc
Bought by
Fenelli Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,350
Interest Rate
6.88%
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
Mclaughlin Mark D $675,000 Western Resources Title Comp
Shelmandine James $635,000 Title 365
Tennant Michael F $470,000 Chicago Title Company
Property Sales Ii Llc -- None Available
Lydon Joseph John -- Chicago Title Company
Lydon Joseph John $360,000 Chicago Title Company
Shahinian Sooren $622,500 First American Title Co
Fenelli Amy -- Multiple
Fenelli Amy $343,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Mark D $665,288
Previous Owner Shelmandine James $558,000
Previous Owner Tennant Michael F $453,550
Previous Owner Shahinian Sooren $498,000
Previous Owner Fenelli Amy $471,700
Previous Owner Fenelli Amy $274,350
Closed Shahinian Sooren $124,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/22/2017 02/22/17 Sold $675,000 0.0% $359 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
01/09/2017 01/09/17 For Sale $675,000 0.0% $359 / Sq Ft
09/19/2016 09/19/16 Off Market $675,000 -- --
09/11/2016 09/11/16 For Sale $675,000 +6.3% $359 / Sq Ft
05/29/2014 05/29/14 Sold $635,000 0.0% $334 / Sq Ft View Prior Sale
05/16/2014 05/16/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $635,000 +35.1% $334 / Sq Ft
03/19/2012 03/19/12 Sold $470,000 0.0% $247 / Sq Ft View Prior Sale
03/01/2012 03/01/12 Price Changed $470,000 +2.2% $247 / Sq Ft
02/22/2012 02/22/12 For Sale $460,000 -- $242 / 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 $9,928 $783,393 $551,199 $232,194
2024 $9,928 $768,033 $540,391 $227,642
2023 $9,770 $752,974 $529,795 $223,179
2022 $9,618 $738,210 $519,407 $218,803
2021 $9,477 $723,736 $509,223 $214,513
2020 $9,351 $716,315 $504,001 $212,314
2019 $9,455 $702,270 $494,119 $208,151
2018 $9,382 $688,500 $484,430 $204,070
2017 $9,408 $670,715 $464,662 $206,053
2016 $9,309 $657,564 $455,551 $202,013
2015 $9,318 $647,687 $448,708 $198,979
2014 $7,614 $481,576 $297,155 $184,421
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16200047

California Regional Multiple Listing Service (CRMLS)

APN: 759-461-12