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$640,000

Beds
2
Baths
2.0
sq ft
1,054

85 Timbre, Rancho Santa Margarita, CA 92688

85 Timbre

Rancho Santa Margarita, CA 92688

  • 4 days on market
    • Open house Jul 07
Located at 85 Timbre in Rancho Santa Margarita, this ground-floor end unit in the private Los Portillos community offers 2 bedrooms and 2 bathrooms. With a spacious floor plan spanning 1,054 square feet, the residence maximizes both space and quality. Highlights include a master bedroom with a ceiling fan and ensuite bathroom featuring dual sinks, a bathtub, and a separate shower. The home includes desirable features such as two enclosed private covered back patios, recessed lighting throughout, and updated amenities including a new hot water heater, new HVAC, epoxy flooring, freshly painted kitchen cabinets and new garage door opener. Residents enjoy access to community amenities including a pool, spa, and proximity to parks, playgrounds, sports courts, and hiking and biking trails. Located near the SAMLARC community park and just minutes away from O’Neill Regional Park, the property offers convenient access to the 241 Foothill Transportation Corridor. This property is ideal for those seeking a vibrant community with outstanding local schools, access to a community lake, beach club, shops, and restaurants, making it one of the premier locations in Orange County.

Details

Property type

Condominium

Est. home value

$621,993

Lot size

Unknown

Price per sq ft

$608

Year built

1992

Monthly HOA fee

$412

Price History

07/03/2024
CRMLS

CRMLS #OC24134202

Listed
$640,000
+26.73%
10/25/2021
CRMLS

CRMLS #PW21190887

Sold
$505,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Curbs

High school district: 

Capistrano Unified

Number of units in community: 

192

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

$138,236
Asking price
$640,000
Closing costs (~8% of asking)
-$51,200
Est. remaining loan balance
-$450,564
Cash to seller
$138,236

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

Seller’s Loan History

Lender

E Mortgage Capital Inc

Loan start date

September 2021

Original loan amount

$479,750

Est. remaining balance

$450,564

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Jason Alvarado and Frances Dunivin

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: 07/07/2024 at 1:45 PM

Listing updated: 07/06/2024 at 7:18 PM

Listed by: Elisabeth Luna, Front Street Realty and Mtg Phone #: (877) 452-3372

MLS: CRMLS #OC24134202

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