NOT LISTED FOR SALE

Estimated Value: $8,306,000 - $11,441,095

4 Beds
4.5 Baths
5,917 Sq Ft
$1,641/Sq Ft Est. Value

Last Sold January 10, 2024

Last sale price $9,800,000 $1,656 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $60,787/month

42 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • In Ground Pool
  • Clubhouse

About This Home

As of January 2024

Ideally positioned to maximize privacy and curb appeal on a single loaded, Cul de sac street in the exclusive guard gated community of Pelican Ridge. 12 Morning View has been newly reimagined and remodeled to offer awe-inspiring street presence & expansive views of rolling hills & partial ocean views, that set the stage for the grand entrance. Upon entry, a gated motor-court showcasing a four car garage, lead you to the impressive front door where a a double height foyer greets you with grandeur and poise. While an abundance of windows deliver natural light to every corner of this voluminous entrance. Over 5,900 sqft of recently updated living space highlighted by French Oak Floors, new kitchen countertops, and designer lighting fixtures, provide ample space for large scale celebrations while maintaining practicality for everyday living. The kitchen, complete with chef grade appliances, wine refrigerator, and refreshed cabinetry, blends seamlessly together with the family room, creating an open floor plan ideal for everyday living and large scale events. Four oversized en-suite bedrooms, including one on the main level, provide a level of accommodation rivaling the Pelican Hill Resort just down the road, while a bonus room and main floor private office supplements their function. The generously appointed master suite includes a retreat area, spa sized bathroom, and walk-in closet rivaling a showroom at South Coast Plaza. The resort style backyard, meticulously designed by a French landscape architect, combines a picturesque pool/spa, covered patio w/ fireplace, and outdoor BBQ area & loggia, to create the ideal setting for true California living. This private oasis is framed by a backdrop of rolling hills and a blue waters of the Pacific Ocean. Immediate proximity to world class schools, Fashion Island, and the coastline beaches, complete this Pelican Ridge dream home.

Last Agent to Sell the Property

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 11/04/2023

Co-Listed By

Ebrahim Kaabipour

Ebrahim Kaabipour, Broker License #00770871

Last Buyer's Agent

Yan Gao

IRN Realty License #01982907

IRN Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $85,238

Year Built

  • Built in 1998

Lot Details

  • 0.3 Acre Lot
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Mountain
  • Hills

Home Design

  • Turnkey
  • Planned Development

Interior Spaces

  • 5,917 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Office
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Wood Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 14038
  • Assessor Parcel Number 47708120
  • $1,337 per year additional tax assessments

Community Details

Overview

  • Pelican Ridge Association, Phone Number (800) 428-5588
  • First Service Residential HOA
  • Pelican Ridge Estates Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$85,238

Year Built

Built in 1998

Lot Details

0

HOA Fees

$885 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: Show phone Paul
  • Other Phone Number: 714-865-5969
  • Property Attached: No
  • Security: 24 Hour Security, Gated with Attendant, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Guarded, Smoke Detector(s)
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47708120
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5917.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Family Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1656.24
  • Room Type: Foyer, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Suite, Office
  • Spa Features: Private
  • Bathroom Features: Bathtub, Shower, Double Sinks In Primary Bath, Walk-In Shower
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • View: City Lights, Hills, Mountain(s), Ocean, Panoramic
  • Patio And Porch Features: Patio, Patio Open, Wood
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Dishwasher, Disposal, Gas Water Heater
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Tennis Court(s), Sport Court, Clubhouse, Guard, Security, Controlled Access
  • Association Fee: 425.00
  • Association #2 Fee: 460.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Ridge
  • Phone: 800.428.5588
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks, Street Lights
  • Association Management: First Service Residential

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13000.00
  • Lot Size Acres: 0.2984

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 8
  • Tax Tract Number: 14038
  • TaxOtherAnnualAssessmentAmount: 1337.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2023
Closed on
Dec 30, 2023
Sold by
Ebrahim Abe Kaabipour and Ebrahim Shahla Kaabipo
Bought by
Li Zhu and Zhang Yi
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Yan Gao
IRN Realty
List Price
$9,995,000
Sold Price
$9,800,000
Premium/Discount to List
-$195,000
-1.95%
Views
130
Current Estimated Value
$9,709,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$90,968
Avg. Annual Appreciation
-5.30%

Purchase Details

Listed on
Jul 12, 2023
Closed on
Jul 26, 2023
Sold by
Liang-Wu Irrevocable Trust
Bought by
Ebrahim Abe Kaabipour And Shahla Kaabipour Re and Kaabipour
Seller's Agent
Lin He
Rellion, Inc.
Buyer's Agent
Abe Kaabipour
AK Associates
List Price
$8,200,000
Sold Price
$7,900,000
Premium/Discount to List
-$300,000
-3.66%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.05%

Purchase Details

Closed on
Nov 4, 2016
Sold by
Wu Chunhong
Bought by
Liang Amy Jun and Liang Wu Irrevocable Trust

Purchase Details

Closed on
Jul 29, 2014
Sold by
Kerry Kenneth P and Kerry Barbara L
Bought by
Wu Chunhong and Zeng John Lian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 10, 2005
Sold by
Kerry Kenneth P and Kerry Barbara L
Bought by
Kerry Kenneth P and Kerry Barbara L

Purchase Details

Closed on
Jul 14, 1999
Sold by
The Estates At Ocean Ridge Llc
Bought by
Kerry Kenneth P and Kerry Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
6.5%
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
Li Zhu $9,800,000 California Best Title
Ebrahim Abe Kaabipour And Shahla Kaabipour Re $7,900,000 Lawyers Title Company
Zeng John Lian -- Lawyers Title
Liang Amy Jun -- None Available
Liang Amy Jun -- None Available
Wu Chunhong $4,500,000 First American Title Company
Kerry Kenneth P -- --
Kerry Kenneth P $1,850,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kerry Kenneth P $1,900,000
Previous Owner Kerry Kenneth P $1,425,000
Previous Owner Kerry Kenneth P $1,442,000
Previous Owner Kerry Kenneth P $1,460,000
Previous Owner Kerry Kenneth P $1,000,000
Previous Owner Kerry Kenneth P $1,300,000
Previous Owner Kerry Kenneth P $1,000,000
Previous Owner Kerry Kenneth P $1,000,000
Previous Owner Kerry Kenneth P $1,000,000
Previous Owner Kerry Kenneth P $1,000,000
Previous Owner Kerry Kenneth P $300,000
Previous Owner Kerry Kenneth P $1,303,000
Previous Owner Kerry Kenneth P $1,295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2024 01/10/24 Sold $9,800,000 -2.0% $1,656 / Sq Ft
12/17/2023 12/17/23 Pending -- -- --
11/26/2023 11/26/23 For Sale $9,995,000 +2.0% $1,689 / Sq Ft
11/22/2023 11/22/23 Off Market $9,800,000 -- --
11/22/2023 11/22/23 For Sale $9,995,000 +2.0% $1,689 / Sq Ft
11/21/2023 11/21/23 Off Market $9,800,000 -- --
11/04/2023 11/04/23 For Sale $9,995,000 +26.5% $1,689 / Sq Ft
08/08/2023 08/08/23 Sold $7,900,000 -3.7% $1,335 / Sq Ft
08/03/2023 08/03/23 Price Changed $8,200,000 0.0% $1,386 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $8,200,000 -- $1,386 / 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 $85,238 $9,996,000 $7,781,624 $2,214,376
2024 $85,238 $7,900,000 $5,872,968 $2,027,032
2023 $55,329 $5,147,349 $3,256,224 $1,891,125
2022 $54,413 $5,046,421 $3,192,376 $1,854,045
2021 $52,920 $4,947,472 $3,129,780 $1,817,692
2020 $52,964 $4,896,742 $3,097,688 $1,799,054
2019 $52,049 $4,800,728 $3,036,949 $1,763,779
2018 $51,017 $4,706,597 $2,977,401 $1,729,196
2017 $51,529 $4,659,997 $2,947,921 $1,712,076
2016 $52,493 $4,568,625 $2,890,119 $1,678,506
2015 $52,084 $4,500,000 $2,846,706 $1,653,294
2014 $29,731 $2,449,057 $1,229,424 $1,219,633
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23201927

California Regional Multiple Listing Service (CRMLS)

APN: 477-081-20