NOT LISTED FOR SALE

Estimated Value: $9,523,000 - $16,434,175

7 Beds
7.5 Baths
7,524 Sq Ft
$1,632/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $6,000,000 $797 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $71,953/month

34 Days on Market

Highlights

  • Gated with Attendant
  • Home Theater
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • In Ground Pool
  • 0.49 Acre Lot

About This Home

As of April 2017

This extraordinary estate is one of the only custom corner lot homes in the private gated community of Pelican Ridge sitting on a 21,500 sqft lot situated in a cul-de-sac street. The timeless elegance's of this beauty is evident from the moment you walk in. This recently updated 7 bedroom 7.5 baths home features a grand staircase foyer that leads to the formal living room accompanied by a bar. Over sized gourmet kitchen with informal dinning room and great room which looks out to the expansive yard. On the main level you will find 2 guests suites, home theater, gym, laundry room and an executive office suite. The upper level is home to 3 beautiful secondary suites with a glorious master suite offering a sitting area, fireplace, wet bar and an over sized balcony. Master bathroom consists of over sized sunken bathtub, dual showers, dual vanities and a large custom closet. The exterior grounds are beautifully adorned with well appointed hardscape surrounded by a pool, jacuzzi,fountain and barbecue.

Last Agent to Sell the Property

Lena Ghezel

Compass License #01252003 Listed on: 02/08/2017

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Sean Brown

MZ BROKERAGE INC. License #02001454

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $83,735

Year Built

  • Built in 1998

Lot Details

  • 0.49 Acre Lot
  • Cul-De-Sac
  • Corner Lot
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Copper Plumbing

Interior Spaces

  • 7,524 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Wired For Sound
  • Built-In Features
  • Bar
  • Crown Molding
  • Wainscoting
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Home Gym
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Walk-in Shower

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Pool

  • In Ground Pool
  • In Ground Spa
  • Pool Cover

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Sewer on Bond

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 14038
  • Assessor Parcel Number 47709106

Community Details

Overview

  • Newport Coast Community Association, Phone Number (949) 448-6183
  • Pelican Ridge Association
  • Pelican Ridge Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$83,735

Year Built

Built in 1998

Lot Details

0

HOA Fees

$694 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Gated Community, Gated with Guard
  • Subdivision Name Other: Pelican Ridge (NCPR)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47709106
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7524.00 Square Feet
  • Interior Amenities: Balcony, Bar, Built-in Features, Cathedral Ceiling(s), Copper Plumbing Full, Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Stone Counters, Two Story Ceilings, Vacuum Central, Wainscoting, Wet Bar, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 797.45
  • Room Type: Entry, Exercise Room, Family Room, Formal Entry, Foyer, Great Room, Home Theatre, Kitchen, Laundry, Library, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Office
  • Spa Features: In Ground
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Stone Counters

Exterior Features

  • Pool Features: Association, Community, In Ground, Pool Cover
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Double Oven, Disposal, Microwave, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Forced Air, Fireplace(s)
  • Sewer: Sewer On Bond
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Pelican Ridge
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Tennis Court(s), Clubhouse, Guard, Security
  • Association Fee: 324.00
  • Association #2 Fee: 370.00
  • Association Fee Frequency: Monthly
  • Association Name: Newport Coast Community Association
  • Phone: 949-448-6183
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Cul-De-Sac, Front Yard, Lot 20000-39999 Sqft, Yard
  • Lot Size Sq Ft: 21500.00
  • Lot Size Acres: 0.4936

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21500.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 38
  • Tax Tract Number: 14038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2020
Sold by
Brown Casey Beau
Bought by
Roberts Kelly J and Brown Casey R
Current Estimated Value
$12,281,058

Purchase Details

Listed on
Feb 8, 2017
Closed on
Apr 20, 2017
Sold by
Tsern John F
Bought by
Roberts Kelly J and Kelly J Roberts Revocable Trust
Seller's Agent
Lena Ghezel
Compass
Buyer's Agent
Sean Brown
MZ BROKERAGE INC.
List Price
$6,588,000
Sold Price
$6,000,000
Premium/Discount to List
-$588,000
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$3,900,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2017
Sold by
Tsern John F
Bought by
Tsern John F and John F Tsern 1994 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 10, 2016
Closed on
Sep 21, 2016
Sold by
Ggk Property Llc
Bought by
Tsern John F and John F Tsern 1994 Trust
Seller's Agent
Lisa Hoover
First Team Real Estate
Buyer's Agent
Lisa Hoover
First Team Real Estate
List Price
$5,350,000
Sold Price
$5,400,000
Premium/Discount to List
$50,000
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$2,400,000
Interest Rate
3.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 18, 2006
Sold by
Brockett Lee H
Bought by
Ggk Property Llc

Purchase Details

Closed on
Jan 9, 2006
Sold by
Meruelo Alex and Meruelo Liset
Bought by
Brockett Lee H and S C Heron Trust

Purchase Details

Closed on
Mar 3, 1999
Sold by
Newport Custom Estates Inc
Bought by
Meruelo Alex and Meruelo Liset

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.79%

Purchase Details

Closed on
Aug 29, 1996
Sold by
Bramalea California Llc
Bought by
Newport Custom Estates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.23%
Source: Public Records

Range of Values:

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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
Roberts Kelly J -- None Available
Brown Casey Beau -- None Available
Roberts Kelly J $6,000,000 Lawyers Title
Tsern John F -- Fidelity National Title
Tsern John F $5,400,000 California Title Company
Ggk Property Llc -- None Available
Brockett Lee H $5,300,000 Southland Title Corporation
Meruelo Alex $2,790,000 First American Title Ins Co
Newport Custom Estates Inc $360,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roberts Kelly J $3,900,000
Previous Owner Tsern John F $2,400,000
Previous Owner Tsern John F $2,400,000
Previous Owner Meruelo Alex $2,000,000
Previous Owner Newport Custom Estates Inc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2017 04/28/17 Sold $6,000,000 -8.9% $797 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $6,588,000 +22.0% $876 / Sq Ft
10/11/2016 10/11/16 Sold $5,400,000 +0.9% $641 / Sq Ft View Prior Sale
08/11/2016 08/11/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $5,350,000 -- $635 / 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 $83,735 $7,938,852 $4,992,899 $2,945,953
2024 $83,735 $7,783,189 $4,894,999 $2,888,190
2023 $81,792 $7,630,578 $4,799,019 $2,831,559
2022 $80,442 $7,480,959 $4,704,920 $2,776,039
2021 $68,743 $6,433,212 $3,812,351 $2,620,861
2020 $68,636 $6,367,248 $3,773,260 $2,593,988
2019 $67,391 $6,242,400 $3,699,274 $2,543,126
2018 $66,052 $6,120,000 $3,626,739 $2,493,261
2017 $59,314 $5,400,000 $2,925,788 $2,474,212
2016 $68,934 $6,118,370 $3,514,806 $2,603,564
2015 $68,371 $6,026,467 $3,462,010 $2,564,457
2014 $65,396 $5,776,782 $3,394,194 $2,382,588
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17025165

California Regional Multiple Listing Service (CRMLS)

APN: 477-091-06