tomo logo

$961,908Estimated home value

Beds
3
Baths
2.5
sq ft
1,754

54 Melrose Dr, Mission Viejo, CA 92692

54 Melrose Dr

Mission Viejo, CA 92692

  • Sold On 6/4/2017
Beautiful DETACHED home in the pristine Melrose community of Mission Viejo! 3 bedrooms, 2 1/2 baths. Open floor plan with vaulted ceilings, french door, and loft. The loft can be converted into a 4th bedroom. Upgraded, lovely home! Bright eat-in kitchen area with features including spacious counters, stainless steels appliances, fixtures, faucets, hardware. Kitchen opens to a generous family room! An abundance of windows allows for tons of natural lighting. This family-friendly neighborhood offers top ranked schools. Peacefully located in a gated community. Community association has lovely pools and patio area that residents may share with visiting guests! Adjacent to several exciting amenities including nearby Lake Mission Viejo!

Details

Property type

Condominium

Est. home value

$961,908

Lot size

Unknown

Price per sq ft

$365

Year built

1995

Monthly HOA fee

$176

Price History

01/26/2025
CRMLS

CRMLS #OC24207462

Removed
$1,192,000
01/02/2025
CRMLS

CRMLS #OC24207462

Price change
$1,192,000
-0.5%
10/06/2024
CRMLS

CRMLS #OC24207462

Listed
$1,198,000
+87.19%

Schools & Community

Elementary school: 

Bathgate

Middle school: 

Newhart

High school: 

Capistrano Valley

Community features: 

Suburban

High school district: 

Saddleback Valley Unified

Number of units in community: 

1

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

$250,636
Asking price
$640,000
Closing costs (~8% of asking)
-$51,200
Est. remaining loan balance
-$338,164
Cash to seller
$250,636

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

Seller’s Loan History

Lender

Interbank Mortgage Co

Loan start date

January 2015

Original loan amount

$430,250

Est. remaining balance

$338,164

Interest rate

3.93%

Loan type

New Conventional, 30 year

Seller

Nazanin Madjd and Amir Madjd

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?

Similar Homes Nearby

CRMLS
$1,049,000
3 bd
|
2.5 ba
|
1,743 sq ft
|
Condo

53 Encantado Cyn Unit 26, Rancho Santa Margarita, CA 92688

Price drop
CRMLS
$1,075,000
3 bd
|
2.75 ba
|
1,678 sq ft
|
Townhouse

58 Regato, Rancho Santa Margarita, CA 92688

CRMLS
$1,049,000
3 bd
|
2.5 ba
|
1,678 sq ft
|
Townhouse

85 Fuente, Rancho Santa Margarita, CA 92688

Status: Off Market

Tomo last checked: 01/30/2025 at 12:25 AM

Listing updated: 07/19/2024 at 9:33 AM

Listed by: Kelvin Zee, KZ Lending Phone #: (714) 465-9034

MLS: CRMLS #CV17097047

CRMLS logo

Recently listed in Mission Viejo

listing placeholder
images coming soon