NOT LISTED FOR SALE

Estimated Value: $7,808,000 - $8,908,138

5 Beds
6 Baths
4,800 Sq Ft
$1,732/Sq Ft Est. Value

Last Sold August 06, 2014

Last sale price $3,925,000 $818 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $50,124/month

45 Days on Market

Highlights

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

About This Home

As of August 2014

A stunning departure from the ordinary, this newly remodeled Hamptons-style, custom built estate offers 5 bedrooms, 4 full bathrooms and 2 half bathrooms in approximately 4800 square feet of gorgeous yet casual living space. Quality & attention to detail is second to none with designer appointments throughout, including wainscoting, crown moulding, and beadboard ceilings. A wall of French doors in the formal dining room opens onto the pool area with gorgeous panoramic canyon and partial ocean views. Home is located in a very private & serene location. The open concept gourmet kitchen with breakfast area overlooks the sunny family room and offers a large center island/breakfast bar, Caesar stone quartz counter-tops, custom cabinets, top-of-the-line stainless steel appliances and a large walk-in pantry. The newly remodeled master suite with sitting area and stone fireplace is a true “Retreat”. This home also offers a formal living room, large downstairs bedroom with ensuite bathroom, upstairs study with barrel ceiling and French doors opening onto a large “panoramic view” veranda. Family and friends will love the resort-style backyard, perfect for entertaining, offering a pool and spa, pool house with ½ bathroom, and outdoor shower. A very special home.

Last Agent to Sell the Property

Andrew Karigan

Douglas Elliman Of California License #01427661 Listed on: 06/06/2014

Douglas Elliman Of California

Last Buyer's Agent

NoEmail NoEmail

OUT OF AREA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,959

Year Built

  • Built in 1997 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Southeast Facing Home
  • Fenced
  • Fence is in excellent condition

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Peek-A-Boo
  • Canyon
  • Hills

Home Design

  • Custom Home
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Tile Roof

Interior Spaces

  • 4,800 Sq Ft Home
  • Double Pane Windows
  • French Mullion Window
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Utility Room
  • Laundry Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven
  • Self-Cleaning Oven
  • Built-In Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting
  • Outbuilding
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Community Details

  • 24-Hour Security

Listing and Financial Details

  • Tax Lot 56
  • Tax Tract Number 14037
  • Assessor Parcel Number 47705163

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,959

Year Built

Built in 1997 | Remodeled

Lot Details

0

HOA Fees

$650 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: 24 Hour Security, Gated with Guard
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47705163
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4800.00
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 817.71
  • Room Type: Family Room, Formal Entry, Foyer, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Retreat, Office, Utility Room
  • Spa Features: In Ground
  • Window Features: Double Pane Windows, French/Mullioned

Exterior Features

  • Patio: Yes
  • Direction Faces: Southeast
  • Foundation: Slab
  • Other Structures: Outbuilding
  • Exterior Features: Barbecue Private
  • View: City Lights, Canyon, Hills, Ocean, Panoramic, Peek-A-Boo
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Concrete
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 3
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Self Cleaning Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Ice Maker, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 650.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Storm Drains

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 12541.00
  • Lot Size Acres: 0.2880

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12541.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 56
  • Tax Tract Number: 14037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2016
Sold by
Li Ge
Bought by
Li Ge
Current Estimated Value
$8,315,785

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jul 24, 2014
Sold by
Wang Sheng
Bought by
Li Ge
Seller's Agent
Andrew Karigan
Douglas Elliman Of California
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$3,895,000
Sold Price
$3,925,000
Premium/Discount to List
$30,000
0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jul 23, 2014
Sold by
Gruber Evan M and Gruber Jane L
Bought by
Li Ge
Seller's Agent
Andrew Karigan
Douglas Elliman Of California
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$3,895,000
Sold Price
$3,925,000
Premium/Discount to List
$30,000
0.77%

Purchase Details

Closed on
Mar 27, 1995
Sold by
Medley William T and Medley Paula J
Bought by
Gruber Evan M and Gruber Jane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,500
Interest Rate
8.77%
Mortgage Type
Purchase Money Mortgage
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 Ge -- None Available
Li Ge -- California Title
Li Ge $3,925,000 California Title
Gruber Evan M $410,000 American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gruber Evan M $227,000
Previous Owner Gruber Evan M $266,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2014 08/06/14 Sold $3,925,000 +0.8% $818 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $3,895,000 -- $811 / 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 $49,959 $4,717,260 $3,297,077 $1,420,183
2024 $49,959 $4,624,765 $3,232,428 $1,392,337
2023 $48,875 $4,534,084 $3,169,047 $1,365,037
2022 $48,066 $4,445,181 $3,106,909 $1,338,272
2021 $46,678 $4,358,021 $3,045,989 $1,312,032
2020 $46,799 $4,313,335 $3,014,756 $1,298,579
2019 $46,013 $4,228,760 $2,955,643 $1,273,117
2018 $45,102 $4,145,844 $2,897,690 $1,248,154
2017 $45,270 $4,064,553 $2,840,872 $1,223,681
2016 $46,472 $3,984,856 $2,785,168 $1,199,688
2015 $46,123 $3,925,000 $2,743,332 $1,181,668
2014 $19,159 $1,448,398 $561,801 $886,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14118725

California Regional Multiple Listing Service (CRMLS)

APN: 477-051-63