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78 Ritz Cove Drive

78 Ritz Cove Drive, Dana Point, CA 92629
Property in Orange
Sold Sep 11, 2015
$4,950,000
$3,960,000 by Morgan Stanley Private Bank Na
Mortgage Due Oct 01, 2045
Sold Aug 30, 2012
$3,300,000
$2,774,543 by Legend Capital Management Co
Mortgage Due Sep 30, 2015
Local assessors in Dana Point, CA have categorized 78 Ritz Cove Drive as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 9,000 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 6 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 78 Ritz Cove Drive has a total of 7,585 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 3,008 sqft. There are 10 available parking spaces so it's a great situation for those with more than one car. In addition, there is a both a pool and a spa on the property. Perfect for those who want to host pool parties over the summer. Residents rely on central air conditioning for their cooling system. The home's a gas heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 78 Ritz Cove Drive was last sold in Jul 10, 2015 for $4,950,000. According to our calculations, that's $652.60 per sqft. Prior to that sales transaction, the property was sold for $3,300,000 in Aug 23, 2012. Current property owners are expected to pay $61,256 in taxes per year. The property on 78 Ritz Cove Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,850,604. To break that down further, the land itself was valued at $3,472,581. While improvements to the property were assessed at a total of $2,378,023. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 3,008
  • Parking Space Count: 10
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 7,585
  • Building Area: 7,585
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Gas
  • Heated Square Feet: 7,585
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SAN JUAN HILLS THE GREENS
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 13103 BLK LOT 54

Ownership

  • Current Owner : FORMAN DON
  • Current Owner 2: FORMAN LORIE
  • Previous Owner : 2 EAGLES LANDING LANE LLC
  • Owner Before Previous Owner: 78 RITZ COVE DRIVE LLC
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 23, 2023

Neighborhood

  • School District Name: Capistrano Unified School District
  • Census Tract: 042323

Geography

  • Assessors Map Reference: 37-D3
  • Subdivision Tract Number: 13103
  • Parcel: 672-471-15
  • Lot: 54
  • Latitude: 33.4803
  • Longitude: -117.721

    Address

  • Full Address: 78 Ritz Cove Dr
  • Address - House Number: 78
  • Address - Street Name: Ritz Cove
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Dana Point
  • Carrier Code: C015
  • 4-Digit Zip Code: 4230
  • Zip Code: 92629

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $61,256
  • Tax Rate Code Area: 28-114

    Appraisal Valuation

  • Standard Deviation: 0.2218
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 69
  • Final Value: 3,202,341
  • High Value: 3,912,937
  • Low Value: 2,491,744

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,960,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 11, 2015
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,960,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,850,604
  • Assessed Land Value: $3,472,581
  • Assessed Improvements Value: $2,378,023

    Sales

  • Current Sale Contract Date: Jul 10, 2015
  • Current Sale Recording Date: Sep 11, 2015
  • Current Sale Transaction ID: 1292323771
  • Current Sale Price: $4,950,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2015000470691
  • Previous Sale Recording Date: Aug 30, 2012
  • Previous Sale Contract Date: Aug 23, 2012
  • Previous Sale Amount: $3,300,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Sep 11, 2015
  • First Mortgage Loan Amount: $3,960,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Oct 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: LEGEND CAPITAL MANAGEMENT CO
  • Previous Mortgage Transaction Date: Aug 30, 2012
  • Previous Mortgage Loan Amount: $2,774,543
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 30, 2015

About Dana Point



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Nearby Rentals

Unit for rent at

$5,900 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,000 ft²
Listing by Ghazal Shahbazi

Frequently Asked Questions

What neighborhood is 78 Ritz Cove Drive located in?
The 78 Ritz Cove Drive is a located in the neighborhood of Orange in Dana Point, Dana Point.
What is the average sales price for listings in 78 Ritz Cove Drive?
The average sales price for units in 78 Ritz Cove Drive is $0 currently.

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