NOT LISTED FOR SALE

Estimated Value: $2,711,000 - $3,271,000

5 Beds
4.5 Baths
4,336 Sq Ft
$666/Sq Ft Est. Value

Last Sold November 19, 2014

Last sale price $1,659,000 $383 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $16,546/month

190 Days on Market

Highlights

  • Community Stables
  • Private Pool
  • Gated Community
  • Wagon Wheel Elementary School Rated A
  • Panoramic View
  • Multi-Level Bedroom

About This Home

As of November 2014

This home offers it all. In an exceptional presentation: completely unobstructed 180 degree VIEW from ground level with mountains & all of Coto de Caza Valley. Over $150K in upgrades, corner lot, private salt water pool with stacked stone, 3 beautiful water falls, self cleaning pool jets, extra large private spa, built-in barbecue, (spacious grass area with small garden, avocado and fruit trees), large covered patio sitting area and large balcony off master and front of house, Amazing Total Privacy in backyard w/ Expansive Views. This 5 bdrm estate has gorgeous imported 24" natural travertine with a mocha travertine borders and custom inlays in foyer, kitchen, butler pantry and great room. Stunning dark walnut hard wood floors in formal living, formal dining, downstairs bedroom and office. Office walls are custom natural stackedstone w/ full wall library. Main floor bedrm & bath - master in the rear of the home utilizing entire view, one separated bdrm/ba w/ views located across walking bridge over living/dining rm. Kitchen has GE Mono stainless steel appliances, built in frig, 6 burner/grill stove, granite countertops, large center island, huge stacked stone counter with granite top, cherrywood cabinetry and much more.

Last Agent to Sell the Property

Shohreh Khatemi

Skyworks Real Estate Corp License #01897320 Listed on: 04/07/2014

Last Buyer's Agent

Jennifer Schneider

Premier Properties OC License #01425517

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 0.3

HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Panoramic
  • Mountain
  • Hills

Home Design

  • Traditional Architecture
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4,336 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Family Room with Fireplace
  • Carpet
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Six Burner Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Multi-Level Bedroom

Pool

  • Private Pool
  • In Ground Spa

Additional Features

  • Outdoor Grill
  • 0.3 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 15755
  • Assessor Parcel Number 75523421

Community Details

Overview

  • Summit Gate Association
  • Foothills

Recreation

  • Community Stables
  • Horse Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0.3 Acres

HOA Fees

$253 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Gated Community
  • Subdivision Name Other: Oak View @ Summit (OAKV)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 75523421
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4336.00
  • Interior Amenities: Cathedral Ceiling(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Nook
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 382.61
  • Room Type: Multi-Level Bedroom
  • Spa Features: In Ground

Exterior Features

  • Exterior Features: Barbecue Private
  • View: Hills, Mountain(s), Panoramic
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Concrete, Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Summit Gate
  • Association Fee: 216.00
  • Association #2 Fee: 110.00
  • Association #2 Fee Frequency: Quarterly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Foothills, Horse Trails, Stable(s)

Lot Info

  • Lot Size Sq Ft: 12855.00
  • Lot Size Acres: 0.2950

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12855.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 15755

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
19631 Descartes Llc
Bought by
Vela Investments Llc
Current Estimated Value
$2,889,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2023
Sold by
Vela Investments Llc
Bought by
19631 Descartes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 29, 2020
Sold by
Lorjen Investments Llc
Bought by
Vela Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,102,500
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2017
Sold by
Pisano Francis X and Pisano Janan K
Bought by
Lorjen Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 6, 2017
Sold by
Pisano Francis X and Pisano Janan K
Bought by
Pisano Francis X and Pisano Janan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 13, 2016
Sold by
Vela Court Llc
Bought by
Pisano Francis X and Pisano Janan K

Purchase Details

Listed on
Apr 7, 2014
Closed on
Oct 20, 2014
Sold by
Klem Jeffrey B and Klem Cheryl L
Bought by
Vella Court Llc
Seller's Agent
Shohreh Khatemi
Skyworks Real Estate Corp
Buyer's Agent
Jennifer Schneider
Premier Properties OC
List Price
$1,799,000
Sold Price
$1,659,000
Premium/Discount to List
-$140,000
-7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$1,000,000
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 28, 2013
Sold by
Klem Jeffrey B and Klem Cheryl L
Bought by
Klem Jeffrey B and Klem Cheryl L

Purchase Details

Closed on
Apr 14, 2009
Sold by
Forbes Peter K and Forbes Julie B
Bought by
Klem Jeffrey B and Klem Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2001
Sold by
Toll Land Xx Ltd Partnership
Bought by
Forbes Peter K and Forbes Julie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.39%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vela Investments Llc -- None Listed On Document
19631 Descartes Llc -- Chicago Title
Vela Investments Llc $1,575,000 Ticor Ttl Orange Cnty Branch
Lorjen Investments Llc -- Accommodation
Pisano Francis X -- Title 365 Company
Pisano Francis X -- None Available
Vella Court Llc $1,618,500 Ticor Title Company
Klem Jeffrey B -- None Available
Klem Jeffrey B $1,415,000 First American Title Company
Forbes Peter K $1,018,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 19631 Descartes Llc $2,700,000
Previous Owner Vela Investments Llc $1,102,500
Previous Owner Pisano Francis X $999,000
Previous Owner Vella Court Llc $1,000,000
Previous Owner Klem Jeffrey B $729,750
Previous Owner Forbes Peter K $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2014 11/19/14 Sold $1,659,000 -2.3% $383 / Sq Ft
10/29/2014 10/29/14 Price Changed $1,698,000 -1.7% $392 / Sq Ft
10/14/2014 10/14/14 Pending -- -- --
07/23/2014 07/23/14 Price Changed $1,728,000 -1.1% $399 / Sq Ft
06/03/2014 06/03/14 Price Changed $1,748,000 -1.2% $403 / Sq Ft
05/14/2014 05/14/14 Price Changed $1,769,000 -1.7% $408 / Sq Ft
04/07/2014 04/07/14 For Sale $1,799,000 -- $415 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,917 $1,704,830 $641,436 $1,063,394
2024 $16,917 $1,671,402 $628,858 $1,042,544
2023 $16,531 $1,638,630 $616,528 $1,022,102
2022 $16,208 $1,606,500 $604,439 $1,002,061
2021 $15,798 $1,575,000 $592,587 $982,413
2020 $17,605 $1,743,244 $837,196 $906,048
2019 $17,260 $1,709,063 $820,780 $888,283
2018 $16,922 $1,675,552 $804,686 $870,866
2017 $16,881 $1,642,699 $788,908 $853,791
2016 $17,065 $1,642,699 $788,908 $853,791
2015 $16,799 $1,618,025 $777,058 $840,967
2014 $14,800 $1,430,000 $589,847 $840,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14071048

California Regional Multiple Listing Service (CRMLS)

APN: 755-234-21

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