NOT LISTED FOR SALE

Estimated Value: $3,490,541 - $3,966,000

4 Beds
5 Baths
4,058 Sq Ft
$901/Sq Ft Est. Value

Last Sold June 11, 2020

Last sale price $1,920,000 $473 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $21,830/month

71 Days on Market

Highlights

  • Spa
  • Primary Bedroom Suite
  • Peek-A-Boo Views
  • Marblehead Elementary School Rated A-
  • Ocean Side of Highway 1
  • Open Floorplan

About This Home

As of June 2020

VIRTUAL TOUR LINK: http://tours.previewfirst.com/ml/72481 Copy and paste the link into your web browser. This luxurious coastal home located in Azure Sea Summit has rented for the last two years for $9,500/month. It has over $400,000 in upgrades and $75,000 in prepaid property taxes! As you enter the portico of this home you are greeted by a private courtyard with custom fountain, casita and front door. The spacious main living area has a custom stacked stone fireplace and designer touches by Tamra Mundia of Concept Design Inc. Gather around the expansive Quartzite kitchen island which is surrounded by the Sub-Zero stainless 42" refrigerator and Wolf professional series 48" range. There is a concealed walk-in pantry, butlers pantry, bar area and downstairs 2nd laundry/craft or office space. The Great room has been finished with 4K HDTV, surround-sound audio system by Smart System Technology and both of the Bi-fold doors lead you to the entertainers outdoor space. Your private landscaped courtyard and backyard will provide days and evenings of enjoyment with an oversized fire pit and 2 outdoor televisions. The 42" Twin Eagle Grill provides outdoor cooking and there is a built in dining and bar space. The expansive Master Suite includes a sitting room/office space, another 4K HD TV and master bath complete with Kohler soaking tub and oversized shower. Two additional en-suite bedrooms upstairs. Extended family or guests will enjoy their own space in the downstairs Casita.

Last Agent to Sell the Property

Ashton Sheridan

CENTURY 21 Affiliated License #02092999 Listed on: 03/17/2020

CENTURY 21 Affiliated

Co-Listed By

Kelly Galvin

CENTURY 21 Affiliated License #01947464

Last Buyer's Agent

A.j. Bialik

Marshall Reddick Real Estate License #02013450

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,217

Year Built

  • Built in 2015

Lot Details

  • 5,677 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Stone Wall
  • Privacy Fence
  • Stucco Fence
  • Landscaped
  • Front and Back Yard Sprinklers
  • Back and Front Yard
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Additions or Alterations
  • Planned Development
  • Slab Foundation
  • Fire Rated Drywall
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 4,058 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Brick Wall or Ceiling
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Plantation Shutters
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • Insulated Doors
  • Formal Entry
  • Living Room with Fireplace
  • Peek-A-Boo Views

Kitchen

  • Walk-In Pantry
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Water Line To Refrigerator
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • Walk-In Closet
  • Dressing Area
  • In-Law or Guest Suite
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Spa
  • Ocean Side of Highway 1
  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 179
  • Tax Tract Number 8817
  • Assessor Parcel Number 11111111

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Community Pool
  • Community Spa

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Professional Management Expense $2,400
  • Operating Expense $4,000
  • Gross Income $114,000
  • Net Operating Income $87,261

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,217

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Indoor and outdoor TV's, washer/dryer, custom blinds and draperies, Designer light fixtures
  • Professional Management Expense: 2400.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Azure at Sea Summit
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Additions/Alterations, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 11111111
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: In-Law Floorplan, Brick Walls, Built-in Features, Ceiling Fan(s), Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Two Story Ceilings
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: Insulated Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 473.14
  • Room Type: Dressing Area, Entry, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom, Walk-In Closet, Walk-In Pantry
  • Spa Features: Association
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Drapes, ENERGY STAR Qualified Windows, Plantation Shutters, Screens

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: Peek-A-Boo
  • Fence: Yes
  • Fencing: Privacy, Stone, Stucco Wall
  • Pool Features: Association
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Dishwasher, Freezer, Disposal, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Water Line to Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air, Fireplace(s)
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Front Yard, Landscaped, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 5677.00
  • Lot Size Acres: 0.1303

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5677.0000 Square Feet
  • Net Operating Income: 87261.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 1
  • Operating Expense: 26739.00
  • Rent Control: No
  • Total Actual Rent: 9500.00
  • Total Expenses: 4000.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 421.06
  • Tax Lot: 179
  • Tax Tract Number: 8817

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
May 30, 2020
Sold by
Fournier Kevin and Fournier Ellen
Bought by
Monahan Dennis P and Monahan Lizanne B
Seller's Agent
Ashton Sheridan
CENTURY 21 Affiliated
Buyer's Agent
A.j. Bialik
Marshall Reddick Real Estate
List Price
$1,995,000
Sold Price
$1,920,000
Premium/Discount to List
-$75,000
-3.76%
Current Estimated Value
$3,655,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,735,885
Avg. Annual Appreciation
12.65%

Purchase Details

Closed on
Jun 24, 2016
Sold by
Marblehead Development Partners Llc
Bought by
Fournier Kevin and Fournier Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,069,401
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Monahan Dennis P $1,920,000 Lawyers Title Company
Fournier Kevin $1,528,000 Fntg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fournier Kevin $1,069,401
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2020 06/11/20 Sold $1,920,000 0.0% $473 / Sq Ft
06/11/2020 06/11/20 Sold $1,920,000 -3.8% $473 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $1,995,000 +3.9% $492 / Sq Ft
05/20/2020 05/20/20 Off Market $1,920,000 -- --
03/18/2020 03/18/20 For Sale $1,995,000 0.0% $492 / Sq Ft
03/17/2020 03/17/20 For Sale $1,995,000 +3.9% $492 / Sq Ft
03/17/2020 03/17/20 Off Market $1,920,000 -- --
03/01/2020 03/01/20 For Sale $1,995,000 0.0% $492 / Sq Ft
04/18/2018 04/18/18 Rented $9,500 0.0% --
04/18/2018 04/18/18 Under Contract -- -- --
04/18/2018 04/18/18 For Rent $9,500 -- --
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 $28,217 $2,134,992 $1,094,074 $1,040,918
2024 $28,217 $2,093,130 $1,072,622 $1,020,508
2023 $27,974 $2,031,697 $1,051,591 $980,106
2022 $27,248 $1,974,924 $1,030,971 $943,953
2021 $26,728 $1,939,891 $1,010,755 $929,136
2020 $23,825 $1,656,455 $778,828 $877,627
2019 $23,739 $1,623,976 $763,557 $860,419
2018 $23,982 $1,589,434 $748,585 $840,849
2017 $23,514 $1,558,269 $733,907 $824,362
2016 $20,359 $1,260,837 $617,265 $643,572
2015 $6,167 $607,994 $607,994 $0
2014 $4,620 $454,859 $454,859 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20058239

California Regional Multiple Listing Service (CRMLS)

APN: 691-434-59