$2,385,000
SOLD NOV 22, 2016
4 Beds
3.5 Baths
3,500 Sq Ft
6,345 Sq Ft Lot

Recently Sold

$681 Per Sq Ft

3% Below List Price

19 Days on Market

Highlights

  • 24-Hour Security
  • In Ground Spa
  • Wood Flooring
  • Newport Coast Elementary School Rated A
  • Primary Bedroom Suite
  • 3-minute walk to Coastal Peak Park

About This Home

As of November 2016

REDUCED TO SELL! Take advantage of a corporate relocation and buy it now, $100K under the 2013 price!! Welcome home to 1 Observatory where this highly upgraded 4 bedroom, 3.5 bath, Cypress residence will offer one of the most sought-after floor plans enhanced by a dramatic remodel by the design firm Chris Woodburn Interiors. Full of natural lighting from its corner lot location, this stunning home boasts a ground floor suite, hand-scraped oil finished Walnut floors throughout, Walker Zanger flooring and finish detail in all bathrooms, as well as entertainment via a surround sound system. The heart of the home features a large chef's kitchen with Caesarstone island and countertops, custom cabinetry, mosaic backsplash, and professional grade appliances. The kitchen flows seamlessly into the family/Great and dining rooms, both offering soothing backyard views of the outdoor fireplace, the oversized spa, and the covered loggia. The outdoor areas, including a private BBQ island and seating area, were professionally landscaped by Patrick's Landscaping. The staircase with custom wrought iron balusters leads you upstairs to an office landing adjacent to the large master suite which showcases vaulted ceilings, custom finishes, and its own private patio. 2 additional secondary bedrooms along with the laundry room are also featured on the 2nd level.

Last Agent to Sell the Property

Jason C Bradshaw

Coldwell Banker Realty License #01304396 Listed on: 09/16/2016

Coldwell Banker Realty

Last Buyer's Agent

Edward Blatchford

Surterre Properties, Inc. License #01312438

Surterre Properties, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,042

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 6,345 Sq Ft Lot
  • Cul-De-Sac
  • Southwest Facing Home
  • Glass Fence
  • Corner Lot

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Entryway
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Six Burner Stove

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • In Ground Spa
  • Balcony
  • Covered patio or porch
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 16461
  • Assessor Parcel Number 47846322

Community Details

Overview

  • Foothills
  • Property is near a preserve or public land

Amenities

  • Outdoor Cooking Area
  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,042

Year Built

Built in 2004 | Remodeled

Lot Details

0

HOA Fees

$450 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 949-433-3001
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Guarded
  • Subdivision Name Other: Cypress (PRCP)
  • View: No
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47846322
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3500.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Ceiling Fan(s)
  • Stories: 2
  • Entry Location: Ground Level No Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Nook, Family Kitchen, In Family Room, Dining Room
  • Fireplace Features: Family Room, Gas Starter
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 681.43
  • Room Type: Entry, Family Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Association, In Ground, Private

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Exterior Features: Barbecue Private
  • Fence: Yes
  • Fencing: Glass
  • Patio And Porch Features: Covered
  • Pool Features: Association
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Driveway, Garage, Direct Garage Access, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue
  • Heating Type: Central, Zoned
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Sport Court, Biking Trails, Hiking Trails, Horse Trails, Dues Paid Monthly, Guard, Security
  • Association Fee: 450.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Foothills, Horse Trails, Preserve/Public Land, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Cul-De-Sac
  • Lot Size Sq Ft: 6345.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 16461

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2025
Sold by
Kelly Matthew and Kelly Lindsay
Bought by
Kelly Family Trust and Kelly
Current Estimated Value
$5,476,925

Purchase Details

Listed on
Sep 16, 2016
Closed on
Nov 8, 2016
Sold by
Kelly Lindsay
Bought by
Kelly Matthew J
Seller's Agent
Jason C Bradshaw
Coldwell Banker Realty
Buyer's Agent
Edward Blatchford
Surterre Properties, Inc.
List Price
$2,450,000
Sold Price
$2,385,000
Premium/Discount to List
-$65,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%

Purchase Details

Closed on
Aug 15, 2016
Sold by
Laging John A and Moustakas Mina
Bought by
Kelly Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,669,500
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 24, 2013
Closed on
Aug 26, 2013
Sold by
Sikka Samir
Bought by
Laging Joh A and Moustakas Mina
Seller's Agent
Gary Boisen
Compass
Buyer's Agent
John Miller
Berkshire Hathaway HomeServices
List Price
$2,679,000
Sold Price
$2,549,000
Premium/Discount to List
-$130,000
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$2,000,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 25, 2010
Sold by
Smith Jackson B and Smith Amy J
Bought by
Sikka Samir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2006
Sold by
Smith Jackson B
Bought by
Smith Jackson B and Smith Amy J

Purchase Details

Closed on
Feb 8, 2005
Sold by
Smith Jackson B
Bought by
Smith Jackson B and Jackson Smith Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,440,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2004
Sold by
Taylor Woodrow Homes Inc
Bought by
Smith Jackson B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,440,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed $2,385,000 Stewart Title Of Ca Inc
Grant Deed $2,549,000 Ticor Title Tustin Orange Co
Grant Deed $1,820,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Corporate Deed $1,805,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,705,000 New Conventional
Previous Owner $1,669,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,966,500 Adjustable Rate Mortgage/ARM
Previous Owner $2,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,242,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,250,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,250,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Previous Owner $1,635,000 Unknown
Previous Owner $1,440,000 New Conventional
Closed $180,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2016 11/22/16 Sold $2,385,000 -2.7% $681 / Sq Ft
09/16/2016 09/16/16 For Sale $2,450,000 -3.9% $700 / Sq Ft
08/29/2013 08/29/13 Sold $2,549,000 -1.9% $731 / Sq Ft
07/27/2013 07/27/13 Pending -- -- --
07/25/2013 07/25/13 Price Changed $2,599,000 -3.0% $745 / Sq Ft
06/24/2013 06/24/13 For Sale $2,679,000 -- $768 / 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
2024 $33,042 $2,713,721 $1,828,594 $885,127
2023 $32,438 $2,660,511 $1,792,739 $867,772
2022 $31,466 $2,608,345 $1,757,588 $850,757
2021 $31,001 $2,557,201 $1,723,125 $834,076
2020 $31,016 $2,530,981 $1,705,457 $825,524
2019 $31,118 $2,481,354 $1,672,016 $809,338
2018 $30,620 $2,432,700 $1,639,231 $793,469
2017 $31,037 $2,385,000 $1,607,089 $777,911
2016 $32,761 $2,639,577 $1,867,218 $772,359
2015 $31,776 $2,599,929 $1,839,171 $760,758
2014 $31,086 $2,549,000 $1,803,144 $745,856
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16704507

California Regional Multiple Listing Service (CRMLS)

APN: 478-463-22