NOT LISTED FOR SALE

Estimated Value: $5,349,000 - $7,452,000

4 Beds
4.5 Baths
4,309 Sq Ft
$1,523/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $4,550,000 $1,056 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $40,067/month

Highlights

  • In Ground Spa
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom Retreat
  • Newport Coast Elementary School Rated A
  • Clubhouse
  • 1-minute walk to Vista Ridge View Park

About This Home

As of July 2022

This beautiful four bedroom five bathroom home is situated on a prime corner lot within the 24 hr guard gated community of Ocean Heights. Glass French doors throughout the main level flood the home with an abundance of natural light into the spacious living areas, formal dining, family room, and chefs kitchen as well as a beautifully finished office and separate recreation room. two additional guest rooms, laundry room, and the master retreat are located on the upper level of the home. The master retreat features a private sitting room, spa bath, and private terrace creating the ultimate escape. You will love to entertain in the tranquil back yard complete with an outdoor fireplace, fountain, in ground spa, and built in BBQ area. The 24hr guard gated community provides access to association pool, spa, tennis courts, basketball courts, and club house. This home is a must see and should not be missed.

Last Agent to Rent the Property

Tyler Brown

Compass License #02043514 Listed on: 06/06/2022

Compass

Last Renter's Agent

Tyler Brown

Compass License #02043514 Listed on: 06/06/2022

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,134

Year Built

  • Built in 1999

Lot Details

  • 8,391 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • On-Street Parking

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Spanish Tile Roof

Interior Spaces

  • 4,309 Sq Ft Home
  • Electric Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • In Ground Spa
  • Fireplace in Patio
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • 220 Volts For Spa
  • 220 Volts in Garage
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $26,250
  • Rent includes association dues, gardener, pool
  • 12-Month Minimum Lease Term
  • Available 6/10/22
  • Tax Lot 11
  • Tax Tract Number 15079
  • Assessor Parcel Number 47815106

Community Details

Overview

  • Property has a Home Owners Association
  • Perazul Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa
  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,134

Year Built

Built in 1999

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent
  • Available Date: 2022-06-10
  • Credit Check Paid By: Tenant
  • Deposit Key: 200
  • Deposit Security: 26250
  • Furnished: Unfurnished

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Perazul (PERZ)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 47815106
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4309.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room, In Kitchen
  • Fireplace Features: Family Room, Living Room, Master Retreat, Patio, Electric, Gas
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.06
  • Room Type: Kitchen, Laundry, Living Room, Master Suite, Multi-Level Bedroom, Office, Walk-In Closet
  • Spa Features: Private, In Ground
  • Bathroom Features: Shower, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Stone Counters
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • View: Neighborhood, Park/Greenbelt
  • Pool Features: Association
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking Features: Garage Faces Front, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Microwave, Range Hood, Refrigerator
  • Electric: 220 Volts For Spa, 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s), Clubhouse
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8391.00
  • Lot Size Acres: 0.1926

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 8391.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener, Pool

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 11
  • Tax Tract Number: 15079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Apr 25, 2022
Sold by
Evergreen Zhu Trust
Bought by
Baisie Family Revocable Trust
Seller's Agent
Jie Yan
McSen Realty
Buyer's Agent
Tyler Brown
Compass
List Price
$4,580,000
Sold Price
$4,550,000
Premium/Discount to List
-$30,000
-0.66%
Current Estimated Value
$6,539,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,989,724
Avg. Annual Appreciation
11.96%
Original Mortgage
$3,185,000
Outstanding Balance
$3,011,572
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$3,556,768

Purchase Details

Closed on
Dec 28, 2021
Sold by
Baiyan Li Living Trust
Bought by
Baiyan Li Living Trust

Purchase Details

Closed on
Aug 24, 2018
Sold by
Li Baiyan
Bought by
Li Baiyan and Baiyan Li Living Trust

Purchase Details

Listed on
Jan 15, 2016
Closed on
Feb 3, 2016
Sold by
The Arnett Family Trust 1 Cic
Bought by
Li Baiyan
Seller's Agent
Gary Krill
Compass
Buyer's Agent
Yin Yan
eNational Realty Group
List Price
$2,999,900
Sold Price
$3,000,000
Premium/Discount to List
$100
0.003%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.59%

Purchase Details

Closed on
Jul 28, 2015
Sold by
Lee Sam Kuk and Lee Do Kyung
Bought by
The Arnett Family Trust #1 and C I C Inc

Purchase Details

Closed on
Apr 13, 2004
Sold by
Lee Sam K and Lee Do Kyung
Bought by
Lee Sam Kuk and Lee Do Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 22, 2000
Sold by
Pack Robert
Bought by
Lee Sam K and Lee Do Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,185,700
Interest Rate
8.46%

Purchase Details

Closed on
Jul 9, 1999
Sold by
Taylor Woodrow Homes Inc
Bought by
Pack Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,550
Interest Rate
7.75%
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
Baisie Family Revocable Trust $4,550,000 Fidelity National Title
Baiyan Li Living Trust -- Albrecht & Barney Emr
Li Baiyan -- None Available
Li Baiyan $3,000,000 Orange Coast Title Co Socal
Li Baiyan -- Orange Coast Title Co Socal
The Arnett Family Trust #1 $2,456 Accommodation
Lee Sam Kuk -- --
Lee Sam K $1,670,000 First American Title Ins Co
Pack Robert -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baisie Family Revocable Trust $3,185,000
Previous Owner Lee Sam Kuk $2,200,000
Previous Owner Lee Sam Kuk $2,000,000
Previous Owner Lee Sam Kuk $1,920,000
Previous Owner Lee Sam Kuk $648,000
Previous Owner Lee Sam Kuk $1,950,000
Previous Owner Lee Sam Kuk $3,000,000
Previous Owner Lee Sam K $2,000,000
Previous Owner Lee Sam K $1,275,000
Previous Owner Lee Sam K $1,225,000
Previous Owner Lee Sam Kuk $500,000
Previous Owner Lee Sam K $1,185,700
Previous Owner Pack Robert $790,550
Closed Pack Robert $158,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Rented $17,500 0.0% --
06/29/2022 06/29/22 Under Contract -- -- --
06/06/2022 06/06/22 For Rent $17,500 0.0% --
05/16/2022 05/16/22 Sold $4,550,000 -0.7% $1,056 / Sq Ft
05/10/2022 05/10/22 Price Changed $4,580,000 0.0% $1,063 / Sq Ft
05/10/2022 05/10/22 For Sale $4,580,000 0.0% $1,063 / Sq Ft
03/10/2022 03/10/22 For Sale $4,580,000 0.0% $1,063 / Sq Ft
08/26/2020 08/26/20 Rented $10,000 -9.1% --
08/03/2020 08/03/20 For Rent $11,000 0.0% --
02/10/2016 02/10/16 Sold $3,000,000 0.0% $696 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
01/15/2016 01/15/16 For Sale $2,999,900 -- $696 / 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 $51,134 $4,828,496 $3,395,866 $1,432,630
2024 $51,134 $4,733,820 $3,329,280 $1,404,540
2023 $50,023 $4,641,000 $3,264,000 $1,377,000
2022 $36,246 $3,346,555 $2,160,935 $1,185,620
2021 $34,988 $3,280,937 $2,118,564 $1,162,373
2020 $35,318 $3,247,296 $2,096,841 $1,150,455
2019 $34,773 $3,183,624 $2,055,726 $1,127,898
2018 $34,088 $3,121,200 $2,015,417 $1,105,783
2017 $34,336 $3,060,000 $1,975,899 $1,084,101
2016 $34,443 $2,900,000 $1,802,410 $1,097,590
2015 $25,982 $2,093,807 $1,159,919 $933,888
2014 $25,400 $2,052,793 $1,137,198 $915,595
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22119897

California Regional Multiple Listing Service (CRMLS)

APN: 478-151-06