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$749,995

Beds
2
Baths
2.5
sq ft
1,306

248 Montana del Lago Dr, Rancho Santa Margarita, CA 92688

248 Montana del Lago Dr

Rancho Santa Margarita, CA 92688

  • 19 days on market
Welcome to 248 Montana Del Lago Drive, a beautifully updated 2-bedroom, 2.5-bathroom condo nestled in the heart of Rancho Santa Margarita. This 1,439 square-foot residence offers an open floor plan featuring dual master suites, each with its own full bathroom, and a convenient half bath on the main living level. Recent upgrades enhance the home's appeal, including new sinks, countertops, wood flooring, and fresh interior paint. The light-filled living and dining areas boast a cozy fireplace and newer laminate wood flooring, creating a warm and inviting atmosphere. The kitchen, equipped with updated faucets and appliances, features an eat-in nook and a balcony where you can enjoy natural light and a refreshing breeze. Additional improvements include new tile and trim in the second bathroom, water-efficient toilets in all bathrooms, new blinds on all windows, child tamper-proof outlets downstairs, bug-proof screens upstairs and on the sliding door, a remodeled master bathroom, and a recently replaced water heater. The attached 2-car tandem garage provides ample storage space, and with no neighbors above or below, you'll enjoy added privacy. The community offers resort-style amenities, including a pool, spa, and access to the Beach Club with fun activities. Located just steps away from the pool, lake, restaurants, and shopping centers, and close to Tijeras Creek Golf Course and hiking and biking trails, this home provides the perfect blend of comfort and convenience. Belonging to the highly-rated Saddleback Valley Unified School District and with no Mello Roos, this property is a must-see. Fire place decorative.

Details

Property type

Condominium

Est. home value

$741,762

Lot size

0.9652 acres

Price per sq ft

$575

Year built

1992

Monthly HOA fee

$510

Price History

02/05/2025
CRMLS

CRMLS #OC25025814

Listed
$749,995
+30.66%
05/20/2021
CRMLS

CRMLS #OC21053246

Sold
$574,000
+22.91%
04/16/2019
CRMLS

CRMLS #OC19001036

Sold
$467,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Curbs, Lake

High school district: 

Saddleback Valley Unified

Number of units in community: 

124

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$269,335
Asking price
$749,995
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$420,660
Cash to seller
$269,335

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

April 2021

Original loan amount

$459,200

Est. remaining balance

$420,660

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Alexander Kaye

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/24/2025 at 8:10 AM

Listing updated: 02/22/2025 at 3:49 PM

Listed by: Max Lindenberger, Max Lindenberger, HomeSmart, Evergreen RealtyHomeSmart, Evergreen Realty Phone #: (949) 365-1888

MLS: CRMLS #OC25025814

CRMLS logo

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