NOT LISTED FOR SALE

Estimated Value: $7,269,000 - $8,318,970

4 Beds
4.5 Baths
4,100 Sq Ft
$1,894/Sq Ft Est. Value

Last Sold September 02, 2014

Last sale price $4,100,000 $1,000 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $45,471/month

141 Days on Market

Highlights

  • In Ground Spa
  • Back Bay Views
  • No HOA
  • Mariners Elementary School Rated A
  • Maid or Guest Quarters
  • 1-minute walk to Westcliff Park

About This Home

As of September 2014

This just-completed custom residence evokes the luxury of an estate in Beverly Hills-in an enviable coastal setting in Newport Beach's prestigious Dover Shores enclave. Gracing a large lot on a quiet, single-loaded cul-de-sac lane, this impressive home revels in the area's best views-stretching 180 degrees from mountains to city lights to the bay and the ocean beyond. This neoclassic residence is exquisite at every turn. Enter into a one of a kind entrance through a private gate and into the grand-scale outdoor living room with soaring atrium ceiling, spa with fountains. Immediately experience the stunning views-which are maximized throughout the home, especially in the spacious living room, dining room and chef's kitchen, all of which open to the expansive marble terrace overlooking the water. Other highlights include one of a kind granite, custom paneling and doors throughout, a separate guest quarters/home office, large 2 car garage with additional golf cart space and a master wing with dual bathrooms. Every surface in this home has been adorned with the finest bespoke materials, from extensive artisan millwork to specimen stone to climate, security, and tech systems. This residence is unique and in a rare location and speaks for itself.

Last Agent to Sell the Property

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048 Listed on: 02/18/2014

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Dave Csira

Cove Canyon Realty License #01491451

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,225

Year Built

  • Built in 1967

Lot Details

  • 9,583 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Back Bay
  • Harbor
  • City Lights
  • Bluff
  • Park or Greenbelt

Interior Spaces

  • 4,100 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Gas Fireplace
  • Living Room with Fireplace
  • Stone Flooring
  • Alarm System
  • Laundry Room

Kitchen

  • Six Burner Stove
  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters

Pool

  • In Ground Spa
  • Heated Pool
  • Waterfall Pool Feature

Outdoor Features

  • Exterior Lighting

Utilities

  • Zoned Heating and Cooling
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 185
  • Tax Tract Number 4224
  • Assessor Parcel Number 11770219

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,225

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Wired for Alarm System
  • Subdivision Name Other: Dover Shores (DSAM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 11770219
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4100.00
  • Interior Amenities: Crown Molding
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Living Room
  • Levels: One
  • Price Per Square Foot: 1000.00
  • Room Type: All Bedrooms Down, Guest/Maid's Quarters, Master Bedroom, Walk-In Closet
  • Spa Features: In Ground, Private

Exterior Features

  • View: Bay, Back Bay, Bluff, City Lights, Harbor, Park/Greenbelt, Water
  • Pool Features: Heated, Private, Waterfall
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9583.00
  • Lot Size Acres: 0.2200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9583.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 185
  • Tax Tract Number: 4224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2014
Closed on
Jul 23, 2014
Sold by
Ews Jr Properties Lp
Bought by
The Wescombe Family Trust
Seller's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
Buyer's Agent
Dave Csira
Cove Canyon Realty
List Price
$4,750,000
Sold Price
$4,100,000
Premium/Discount to List
-$650,000
-13.68%
Total Days on Market
141
Current Estimated Value
$7,763,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,663,743
Avg. Annual Appreciation
5.90%
Original Mortgage
$1,000,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 4, 2011
Sold by
Spinney Edgar W
Bought by
Ews Jr Properties L P

Purchase Details

Closed on
May 31, 2011
Sold by
The Survivors Trust Share Of The Benson
Bought by
Spinney Edgar W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,267,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2008
Sold by
Benson Edward P
Bought by
Benson Edward P
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 Buyer Sale Price Title Company
The Wescombe Family Trust $4,100,000 First American Title Company
Ews Jr Properties L P -- None Available
Spinney Edgar W $1,810,000 California Title Company
Benson Edward P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wescombe Gray T $822,000
Closed The Wescombe Family Trust $1,000,000
Previous Owner Spinney Edgar W $1,267,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2014 09/02/14 Sold $4,100,000 -13.7% $1,000 / Sq Ft
02/18/2014 02/18/14 For Sale $4,750,000 -- $1,159 / 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 $51,225 $4,830,964 $3,608,239 $1,222,725
2023 $50,030 $4,736,240 $3,537,490 $1,198,750
2022 $49,206 $4,643,373 $3,468,127 $1,175,246
2021 $48,261 $4,552,327 $3,400,125 $1,152,202
2020 $47,798 $4,505,649 $3,365,261 $1,140,388
2019 $46,800 $4,417,303 $3,299,275 $1,118,028
2018 $45,865 $4,330,690 $3,234,584 $1,096,106
2017 $45,052 $4,245,775 $3,171,161 $1,074,614
2016 $44,035 $4,162,525 $3,108,981 $1,053,544
2015 $43,624 $4,100,000 $3,062,281 $1,037,719
2014 $26,229 $2,463,009 $1,461,054 $1,001,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14034023

California Regional Multiple Listing Service (CRMLS)

APN: 117-702-19