NOT LISTED FOR SALE

Estimated Value: $9,075,000 - $11,092,402

4 Beds
4.5 Baths
6,150 Sq Ft
$1,585/Sq Ft Est. Value

Last Sold February 06, 2017

Last sale price $4,495,000 $731 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $58,272/month

145 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Main Floor Bedroom
  • Newport Coast Elementary School Rated A
  • Private Pool
  • Private Yard

About This Home

As of February 2017

LIGHT AND BRIGHT AND NEWLY PAINTED! Simply stunning Pelican Ridge Home. Views and privacy abound. Completely remodeled in 2011, with the finest appointments, this home is California living at its finest. Upon entering the impressive double doors, a grand foyer with beautiful wood staircase welcomes you home. Distressed walnut flooring, custom iron work inside and out, solid wood doors, custom fixtures, and brick arches and accent walls throughout. The expansive master bedroom suite with sitting area and a huge closet, also has a beautiful, private balcony overlooking the back yard and off to the canyon and toward the ocean. 2 additional large, en-suite bedrooms are upstairs, along with an impressive media room. Downstairs, an additional en-suite bathroom,office with fireplace, chef's kitchen, large stone accented dining room, wine room and beautiful powder room are complimented by a grand family room, living room and game room, which all have French doors opening to a spectacular back yard.

Last Agent to Sell the Property

Susan Bartow

CURB License #01276982 Listed on: 03/04/2015

Last Buyer's Agent

Susan Bartow

CURB License #01276982 Listed on: 03/04/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,163

Year Built

  • Built in 1998

Lot Details

  • 0.34 Acre Lot
  • Private Yard
  • Front Yard

HOA Fees

  • $651 Monthly HOA Fees

Parking

  • 4 Car Garage

Interior Spaces

  • 6,150 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Library
  • Ocean Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Pool

  • Private Pool
  • In Ground Spa

Utilities

  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 14038
  • Assessor Parcel Number 47707135

Community Details

Recreation

  • Community Pool

Additional Features

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,163

Year Built

Built in 1998

Lot Details

0

HOA Fees

$651 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security
  • Subdivision Name Other: Pelican Ridge (NCPR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47707135
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6150.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Price Per Square Foot: 730.89
  • Room Type: Library, Main Floor Bedroom, Separate Family Room, Office
  • Spa Features: In Ground

Exterior Features

  • View: Ocean
  • Pool Features: Association, Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 651.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 14789.00
  • Lot Size Acres: 0.3400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14789.0000 Square Feet

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 14038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2015
Closed on
Jan 31, 2017
Sold by
Lobel Murray Alan
Bought by
Ghadimi Nima and Fallahi Yalda
Seller's Agent
Susan Bartow
CURB
Buyer's Agent
Susan Bartow
CURB
List Price
$4,895,000
Sold Price
$4,495,000
Premium/Discount to List
-$400,000
-8.17%
Current Estimated Value
$9,750,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,255,351
Avg. Annual Appreciation
9.47%
Original Mortgage
$3,371,250
Outstanding Balance
$2,688,863
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$7,061,488

Purchase Details

Closed on
Oct 5, 2011
Sold by
Lobel Murray Alan
Bought by
Lobel Murray Alan and Murray Alan Lobel Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2003
Sold by
Lobel Murray Alan
Bought by
Lobel Murray Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,000
Interest Rate
5.12%

Purchase Details

Closed on
Jul 8, 2002
Sold by
Lobel Cary Lynn
Bought by
Lobel Murray Alan

Purchase Details

Closed on
Jul 1, 2002
Sold by
Lobel Murray Alan
Bought by
Lobel Murray Alan and Murray Alan Lobel Living Trust

Purchase Details

Closed on
Jun 26, 2002
Sold by
Lobel Murray Alan
Bought by
Lobel Murray Alan

Purchase Details

Closed on
Mar 3, 1998
Sold by
Lobel Cary L
Bought by
Lobel Murray Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.75%

Purchase Details

Closed on
Feb 10, 1998
Sold by
The Estates At Ocean Ridge Llc
Bought by
Lobel Murray Alan and The Murray Alan Lobel Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

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Average Value
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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
Ghadimi Nima $4,495,000 First American Title Company
Lobel Murray Alan -- None Available
Lobel Murray Alan -- First American Title Co
Lobel Murray Alan -- Equity Title Company
Lobel Murray Alan -- Equity Title Company
Lobel Murray Alan -- Equity Title Company
Lobel Murray Alan -- American Title Ins Co
Lobel Murray Alan $1,550,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghadimi Nima $250,000
Closed Ghadimi Dr Nima $250,000
Open Ghadimi Nima $1,950,000
Closed Ghadimi Nima $448,000
Closed Ghadimi Nima $571,000
Closed Ghadimi Nima $943,077
Closed Ghadimi Nima $500,000
Closed Ghadimi Nima $400,000
Open Ghadimi Nima $3,371,250
Previous Owner Lobel Murray Alan $1,000,000
Previous Owner Lobel Murray A $997,000
Previous Owner Lobel Murray Alan $997,000
Previous Owner Lobel Murray Alan $992,000
Previous Owner Lobel Murray Alan $986,000
Previous Owner Lobel Murray Alan $970,000
Previous Owner Lobel Murray Alan $976,200
Previous Owner Lobel Murray Alan $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2017 02/06/17 Sold $4,495,000 0.0% $731 / Sq Ft
07/27/2015 07/27/15 Pending -- -- --
05/29/2015 05/29/15 Price Changed $4,495,000 -3.3% $731 / Sq Ft
05/03/2015 05/03/15 Price Changed $4,650,000 -2.1% $756 / Sq Ft
04/13/2015 04/13/15 Price Changed $4,750,000 -3.0% $772 / Sq Ft
03/04/2015 03/04/15 For Sale $4,895,000 -- $796 / 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 $55,163 $5,216,830 $3,478,915 $1,737,915
2024 $55,163 $5,114,540 $3,410,701 $1,703,839
2023 $53,958 $5,014,255 $3,343,824 $1,670,431
2022 $53,065 $4,915,937 $3,278,259 $1,637,678
2021 $51,597 $4,819,547 $3,213,980 $1,605,567
2020 $51,654 $4,770,129 $3,181,025 $1,589,104
2019 $50,767 $4,676,598 $3,118,652 $1,557,946
2018 $49,761 $4,584,900 $3,057,501 $1,527,399
2017 $25,877 $2,274,525 $1,031,523 $1,243,002
2016 $27,421 $2,229,927 $1,011,297 $1,218,630
2015 $27,248 $2,196,432 $996,106 $1,200,326
2014 $26,552 $2,153,407 $976,593 $1,176,814
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15045998

California Regional Multiple Listing Service (CRMLS)

APN: 477-071-35