NOT LISTED FOR SALE

10502 Villa Del Cerro Santa Ana, CA 92705

Estimated Value: $6,190,000 - $8,457,000

5 Beds
8 Baths
9,300 Sq Ft
$809/Sq Ft Est. Value

Highlights

  • Wine Cellar
  • Home Theater
  • Primary Bedroom Suite
  • Arroyo Elementary School Rated A
  • In Ground Pool
  • Panoramic View

About This Home

As of February 2019

Located in an exclusive gated community of just 11-homes, this Cowan Heights estate offers the ultimate leasing opportunity where residents can enjoy appx. 1.5-acre grounds, an expansive five-bedroom main residence with 4-car attached garage, and every amenity imaginable – all with a backdrop of city light, ocean, and Catalina Island views. Guests are met with beautifully detailed finishes including custom iron work, intricate tile inlays, thick crown molding, wood built-ins, tray and coffered ceilings. Measuring approximately 9,300 square feet, the main residence ensures that every need is met with an exercise room, executive office, wine tasting and storage room, formal and casual living areas, a gourmet kitchen, and an abundance of terraces that encourage indoor-outdoor living. The backyard is equally impressive showcasing a full kitchen that overlooks a sparkling pool, spa, fireplace, and outdoor amphitheater with statement fountain for refined entertaining. Fit with high-end furniture that is available with lease, this magnificent home offers a lavish, hassle-free lifestyle.

Last Agent to Rent the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 11/08/2018

Coldwell Banker Realty

Last Renter's Agent

Christine Greubel

Seven Gables Real Estate License #01134946

Seven Gables Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $73,059

Year Built

  • Built in 1992

Lot Details

  • 1.5 Acre Lot
  • Landscaped
  • Secluded Lot
  • Sprinkler System
  • Lawn
  • Garden
  • Back Yard

Parking

  • 4 Car Attached Garage

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Pool
  • Neighborhood

Home Design

  • Interior Block Wall

Interior Spaces

  • 9,300 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Wired For Sound
  • Built-In Features
  • Bar
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Door Entry
  • French Doors
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Library with Fireplace
  • Storage
  • Laundry Room
  • Home Gym

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Utility Sink
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • Fireplace in Bathroom
  • Granite Bathroom Countertops
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool

Outdoor Features

  • Balcony
  • Deck
  • Wrap Around Porch
  • Open Patio
  • Outdoor Fireplace
  • Terrace

Location

  • Suburban Location

Schools

  • Arroyo Elementary School
  • Hewes Middle School
  • Foothill High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Gated Community

Listing and Financial Details

  • Security Deposit $25,492
  • Rent includes association dues, gardener, pool
  • 12-Month Minimum Lease Term
  • Available 10/31/18
  • Tax Lot 5
  • Tax Tract Number 11497
  • Assessor Parcel Number 50375105

Home Details

Home Type

Single Family

Est. Annual Taxes

$73,059

Year Built

Built in 1992

Lot Details

0

Parking

4

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2018-10-31
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 25492
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Other Phone Description: Smith Group
  • Other Phone Number: 949-478-2295
  • Property Attached: No
  • Security: Gated Community
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 50375105
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 9300.00 Square Feet
  • Interior Amenities: Balcony, Bar, Block Walls, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, Open Floorplan, Recessed Lighting, Stone Counters, Storage, Sunken Living Room, Tray Ceiling(s), Wired for Sound
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Breakfast Nook, Dining Room, In Kitchen, Separated
  • Fireplace Features: Bath, Family Room, Library, Living Room, Master Retreat, Outside, Gas
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1.94
  • Room Type: Entry, Exercise Room, Family Room, Formal Entry, Foyer, Home Theatre, Kitchen, Laundry, Living Room, Master Suite, Office, Retreat, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Heated, In Ground
  • Bathroom Features: Bathtub, Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Granite Counters, Jetted Tub, Privacy Toilet Door, Separate Tub And Shower, Upgraded, Vanity Area
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Utility Sink, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood, Panoramic, Pool, Trees/Woods
  • Patio And Porch Features: Concrete, Covered, Deck, Enclosed, Patio Open, Front Porch, Rear Porch, Terrace, Wrap Around
  • Pool Features: Private, Gunite, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

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, Convection Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Range, Microwave, Refrigerator, Warming Drawer
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Tustin Unified
  • Elementary School: Arroyo
  • Middle School: Hewes
  • High School: Foothill
  • Elementary School: Arroyo
  • High School: Foothill
  • Middle Or Junior School: Hewes
  • Elementary School #2: ARROYO
  • High School2: FOOTHI2

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Garden, Landscaped, Lawn, Lot Over 40000 Sqft, Secluded, Sprinkler System
  • Lot Size Sq Ft: 65340.00
  • Lot Size Acres: 1.5000

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 65340.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener, Pool

Tax Info

  • Tax Census Tract: 756.04
  • Tax Lot: 5
  • Tax Tract Number: 11497

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2023
Sold by
Terrae Custos and Terrae Custos
Bought by
Tran Huong Thi
Current Estimated Value
$7,524,756

Purchase Details

Closed on
Sep 3, 2020
Sold by
Villa Del Cerro Llc
Bought by
Terrae Custos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 8, 2018
Closed on
Jan 20, 2019
Sold by
Carver Michael J and Carver Brenda L
Bought by
Villa Del Cerro Llc
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Christine Greubel
Seven Gables Real Estate
Sold Price
$18,000

Purchase Details

Closed on
Aug 24, 2015
Sold by
Carver Michael J and Carver Brenda L
Bought by
M & B Carver Revocable Trust

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
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 21, 2006
Sold by
Carver Michael J and Carver Brenda L
Bought by
Carver Michael J and Carver Brenda L

Purchase Details

Closed on
Dec 8, 2005
Sold by
Johnson Mark Chapin
Bought by
Carver Michael J and Carver Brenda L

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
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1993
Sold by
Johnson Mark C and Johnson Karen Elliott
Bought by
Mark Chapin Johnson Trust
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
Tran Huong Thi $6,500,000 Fidelity National Title
Terrae Custos $6,500,000 First American Title Company
Villa Del Cerro Llc -- None Available
M & B Carver Revocable Trust -- Ticor Title Company Of Ca
Carver Michael J -- None Available
Carver Michael J -- None Available
Carver Michael J $4,295,000 First American Title Co
Mark Chapin Johnson Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terrae Custos $3,500,000
Previous Owner Carver Michael J $1,000,000
Previous Owner M & B Carver Revocable Trust $3,000,000
Previous Owner Carver Michael J $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2019 02/25/19 Rented $18,000 +5.9% --
02/22/2019 02/22/19 Under Contract -- -- --
11/08/2018 11/08/18 For Rent $16,995 -- --
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 $73,059 $6,630,000 $3,192,718 $3,437,282
2024 $73,059 $6,500,000 $3,130,115 $3,369,885
2023 $75,422 $6,762,600 $3,433,320 $3,329,280
2022 $71,419 $6,630,000 $3,366,000 $3,264,000
2021 $69,943 $6,500,000 $3,300,000 $3,200,000
2020 $69,285 $6,404,179 $3,262,167 $3,142,012
2019 $67,405 $6,278,607 $3,198,203 $3,080,404
2018 $66,279 $6,155,498 $3,135,494 $3,020,004
2017 $65,094 $6,034,802 $3,074,013 $2,960,789
2016 $63,897 $5,916,473 $3,013,738 $2,902,735
2015 $63,482 $5,827,603 $2,968,469 $2,859,134
2014 $61,786 $5,713,449 $2,910,321 $2,803,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18261562

California Regional Multiple Listing Service (CRMLS)

APN: 503-751-05