NOT LISTED FOR SALE

Estimated Value: $7,888,000 - $8,247,081

5 Beds
4 Baths
4,513 Sq Ft
$1,794/Sq Ft Est. Value

Last Sold December 04, 2014

Last sale price $3,675,000 $814 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $46,847/month

52 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Ocean Side of Highway 1
  • Harbor View Elementary School Rated A
  • Primary Bedroom Suite
  • Updated Kitchen

About This Home

As of December 2014

Situated one house away from the oceanfront in the exclusive community of Shore Cliffs in Corona del Mar, this home is perched on an elevated lot with lots of privacy. Beautifully appointed & extensively remodeled throughout with rich dark hardwood floors, crown molding, French doors & windows, cathedral ceilings, custom draperies & plantation shutters, recessed lighting and the list goes on. Gourmet kitchen with granite countertops, stainless Wolf range, built-in refrigerator, large center island with breakfast bar & more. Generous size living spaces & bedrooms give this home an open, warm and inviting floor plan boasting 5 Bedrooms (5th bedroom currently used as den/office with private bath) + Bonus/Media Room & 4 Baths. Luxurious master suite with serene ocean views, fireplace, sitting area, custom built-ins, travertine bathroom floors, dual sinks, large jetted roman tub, dual shower & walk in closet with organizers. Main floor guest room with French doors opening to the yard/patio. Private pool & spa. Finished garage with tons of built-in storage and epoxy finished floor. Attention to detail throughout. Pristine, move-in condition. Walk to the beach, shopping, restaurants and more. Shown by appointment only.

Last Agent to Sell the Property

Heather Saito

Compass License #01158918 Listed on: 09/16/2014

Compass

Last Buyer's Agent

Heather Saito

Compass License #01158918 Listed on: 09/16/2014

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,882

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 5,663 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned R1

HOA Fees

  • $52 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Cape Cod Architecture
  • Entry on the 1st floor
  • Turnkey
  • Wood Siding

Interior Spaces

  • 4,513 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Recessed Lighting
  • Plantation Shutters
  • Drapes & Rods
  • French Doors
  • Panel Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Six Burner Stove
  • Gas Range
  • Range Hood
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Full Bathrooms

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Ocean Side of Highway 1
  • Brick Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 1116
  • Assessor Parcel Number 05219227

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,882

Year Built

Built in 1952 | Remodeled

Lot Details

0

HOA Fees

$52 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Shore Cliffs (SHOR)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05219227
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4513.00
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Crown Molding, Granite Counters, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: French Doors, Panel Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Dining Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 814.31
  • Room Type: Family Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Spa Features: In Ground, Private
  • Window Features: Drapes, Plantation Shutters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: Ocean, Peek-A-Boo
  • Patio And Porch Features: Brick
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Gas Water Heater, Range Hood, Ice Maker, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 625.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Gutters, Street Lights, Storm Drains

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Paved, Sprinkler System, Yard
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5663.0000 Square Feet
  • Number Of Units In Community: 139
  • Number Of Units Total: 139
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 48
  • Tax Tract Number: 1116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2016
Sold by
Agarwal Madhu R and Agarwal Jay S
Bought by
Agarwal Jay Shanker and Jay Agarwal 2016 Residence Trust
Current Estimated Value
$8,097,027

Purchase Details

Listed on
Sep 16, 2014
Closed on
Nov 7, 2014
Sold by
Spotts Jon L and Spotts Jennifer M
Bought by
The Agarwal Family Trust
Seller's Agent
Heather Saito
Compass
Buyer's Agent
Heather Saito
Compass
List Price
$3,995,000
Sold Price
$3,675,000
Premium/Discount to List
-$320,000
-8.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$2,000,000
Outstanding Balance
$1,525,826
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$6,571,201

Purchase Details

Closed on
Feb 18, 2008
Sold by
The Smales Family Trust
Bought by
Spotts Jon L and Spotts Jennifer M

Purchase Details

Closed on
Oct 2, 2000
Sold by
The Shorecliff Road Trust
Bought by
The Smales Family Trust and Bean Bower & Co

Purchase Details

Closed on
Sep 21, 2000
Sold by
Christopher Woodward J and Christopher Jane G
Bought by
The Shorecliff 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
Agarwal Jay Shanker -- None Available
Agarwal Madhu Rani -- None Available
The Agarwal Family Trust $3,675,000 Lawyers Title
Spotts Jon L -- Orange Coast Title
The Smales Family Trust -- First American Title Co
The Shorecliff Trust $1,170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Agarwal Family Trust $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2014 12/04/14 Sold $3,675,000 -8.0% $814 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $3,995,000 -- $885 / 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 $45,882 $4,416,794 $3,782,845 $633,949
2024 $45,882 $4,330,191 $3,708,672 $621,519
2023 $44,810 $4,245,286 $3,635,953 $609,333
2022 $44,070 $4,162,046 $3,564,660 $597,386
2021 $43,222 $4,080,438 $3,494,765 $585,673
2020 $42,807 $4,038,599 $3,458,931 $579,668
2019 $41,913 $3,959,411 $3,391,109 $568,302
2018 $41,074 $3,881,776 $3,324,617 $557,159
2017 $40,345 $3,805,663 $3,259,428 $546,235
2016 $39,433 $3,731,043 $3,195,518 $535,525
2015 $39,064 $3,675,000 $3,147,519 $527,481
2014 $39,677 $3,749,202 $3,102,142 $647,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14200282

California Regional Multiple Listing Service (CRMLS)

APN: 052-192-27