NOT LISTED FOR SALE

Estimated Value: $6,770,000 - $8,296,000

5 Beds
3 Baths
3,283 Sq Ft
$2,210/Sq Ft Est. Value

Last Sold July 12, 2018

Last sale price $4,275,000 $1,302 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $42,533/month

6 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Maid or Guest Quarters
  • Harbor View Elementary School Rated A
  • Art Studio
  • Wood Flooring

About This Home

As of July 2018

A rare opportunity to transform your vision into a reality in Corona del Mar’s most sought-after community, Shore Cliffs. Located at No. 127 Shorecliff Road, and accompanied by some of the most expensive addresses in all coastal Orange County, this oversize parcel is prime for a legacy residence. Craft your dream home with remarkable curb appeal, afforded by almost 100 linear feet of street frontage. The parcel affords the ability to design & build a two-story home of approximately 6,000 sq. ft., to take full advantage of the straight-on ocean views from both levels, or exercise a subterranean option for additional living or parking. Design your private outdoor living to capitalize on the rear footprint, plus a rolling lawn creating additional open space beyond your fences. Few opportunities remain in this community to develop on a flat parcel with such desirable characteristics.

Last Agent to Sell the Property

Timothy Tamura

VALIA Properties License #01305097 Listed on: 06/01/2018

Co-Listed By

Steven Sergi

VALIA Properties License #01417942

Last Buyer's Agent

Timothy Tamura

VALIA Properties License #01305097 Listed on: 06/01/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,514

Year Built

  • Built in 1964

Lot Details

  • 0.34 Acre Lot
  • Level Lot
  • Lawn
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Value in Land

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Shake Roof
  • Shingle Roof

Interior Spaces

  • 3,283 Sq Ft Home
  • 2-Story Property
  • Raised Hearth
  • Gas Fireplace
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Bonus Room
  • Art Studio
  • Galley Kitchen

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Beach Access
  • Rain Gutters

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 115
  • Tax Tract Number 1116
  • Assessor Parcel Number 05221010

Community Details

Overview

  • Shore Cliffs Association, Phone Number (949) 716-3998

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,514

Year Built

Built in 1964

Lot Details

0

HOA Fees

$55 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Shore Cliffs (SHOR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05221010
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3283.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Living Room, Gas, Raised Hearth
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1302.16
  • Room Type: Art Studio, Bonus Room, Entry, Family Room, Galley Kitchen, Guest/Maid's Quarters, Laundry, Living Room, Master Bedroom

Exterior Features

  • View: Ocean, Park/Greenbelt
  • Pool Private: No
  • Roof: Shake, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Common Area, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 55.00
  • Association Fee Frequency: Monthly
  • Association Name: Shore Cliffs
  • Phone: 9497163998
  • Senior Community: No
  • Community Features: Curbs, Gutters

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Lawn, Level with Street, Lot 10000-19999 Sqft, Value In Land
  • Lot Size Sq Ft: 14700.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 627.02
  • Tax Lot: 115
  • Tax Tract Number: 1116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
Alvarado Michael A and Alvarado Michael A
Bought by
Alvarado Michael A and Alvarado Julie S
Current Estimated Value
$7,255,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Outstanding Balance
$2,590,743
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$4,664,527

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 25, 2018
Sold by
127 Shorecliff Road Llc
Bought by
Alvarado Michael A and The Michael A And Julie S Alvarado Famil
Seller's Agent
Timothy Tamura
VALIA Properties
Buyer's Agent
Timothy Tamura
VALIA Properties
List Price
$4,350,000
Sold Price
$4,275,000
Premium/Discount to List
-$75,000
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$4,275,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 20, 2017
Closed on
Oct 25, 2017
Sold by
Underwood Robert B and Underwood Doris M
Bought by
127 Shoreeliff Road Llc
Seller's Agent
Matt Perry
Arbor Real Estate
Buyer's Agent
Matt Perry
Arbor Real Estate
List Price
$4,475,000
Sold Price
$4,075,000
Premium/Discount to List
-$400,000
-8.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%

Purchase Details

Closed on
May 3, 2016
Sold by
Underwood Robert B and Underwood Doris M
Bought by
Underwood Robert B and Underwood Doris M

Purchase Details

Closed on
Feb 9, 2006
Sold by
Underwood Robert B and Underwood Doris M
Bought by
Underwood Robert B and Underwood Doris M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Alvarado Michael A -- First Amer Ttl Co Res Div
Alvarado Michael A $4,274,545 California Title Co
127 Shoreeliff Road Llc $4,075,000 Chicago Title Co
Underwood Robert B -- None Available
Underwood Robert B -- None Available
Underwood Robert B -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Michael A $2,900,000
Closed Alvarado Michael A $4,275,000
Previous Owner Underwood Robert B $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2018 07/12/18 Sold $4,275,000 -1.7% $1,302 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $4,350,000 +6.7% $1,325 / Sq Ft
11/01/2017 11/01/17 Sold $4,075,000 -4.7% $1,241 / Sq Ft View Prior Sale
10/14/2017 10/14/17 Pending -- -- --
09/24/2017 09/24/17 Price Changed $4,275,000 -4.5% $1,302 / Sq Ft
07/20/2017 07/20/17 For Sale $4,475,000 -- $1,363 / 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 $49,514 $4,768,841 $4,449,622 $319,219
2024 $49,514 $4,675,335 $4,362,375 $312,960
2023 $48,357 $4,583,662 $4,276,838 $306,824
2022 $47,559 $4,493,787 $4,192,979 $300,808
2021 $46,644 $4,405,674 $4,110,764 $294,910
2020 $46,196 $4,360,500 $4,068,613 $291,887
2019 $45,231 $4,275,000 $3,988,836 $286,164
2018 $43,178 $4,075,000 $3,812,381 $262,619
2017 $2,758 $235,640 $125,601 $110,039
2016 $2,698 $231,020 $123,138 $107,882
2015 $2,670 $227,550 $121,288 $106,262
2014 $2,606 $223,093 $118,912 $104,181
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18130188

California Regional Multiple Listing Service (CRMLS)

APN: 052-210-10