NOT LISTED FOR SALE

Estimated Value: $7,992,000 - $10,353,290

4 Beds
4.5 Baths
6,418 Sq Ft
$1,408/Sq Ft Est. Value

Last Sold September 27, 2016

Last sale price $5,080,000 $792 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $54,454/month

83 Days on Market

Highlights

  • Ocean View
  • Heated Spa
  • Two Way Fireplace
  • Mariners Elementary School Rated A
  • Contemporary Architecture
  • 4-minute walk to Galaxy View Park

About This Home

As of September 2016

This glorious estate graces one of the largest and best lots in the coveted Dover Shores area. Situated on an approximately 20,000 square foot lot, the residence revels in panoramic ocean, Back Bay, and city lights views from its romantic setting. Exquisite modern architecture draws you in immediately to this 6,418 square foot estate. The home is comprised of four bedrooms plus an office, a formal great room which opens to the spectacular veranda with unparalleled views, a magnificent chef’s kitchen, separate living room, and formal dining room. The private master suite features a separate retreat, spa-inspired bath with steam shower, and a gym area with a sauna. The extensive, private grounds encompass a refreshing pool and separate spa, and built-in fire pit. Few homes in Dover Shores offer such a unique combination of setting, space, views and privacy.

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 07/10/2016

Last Buyer's Agent

Rachel Mounce

COMPASS License #01987485

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,129

Year Built

  • Built in 1995

Lot Details

  • 0.37 Acre Lot
  • Back Yard

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Combination Of Materials Used In The Driveway

Property Views

  • Ocean
  • Coastline
  • Back Bay
  • Panoramic
  • City Lights

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stone Siding
  • Pre-Cast Concrete Construction

Interior Spaces

  • 6,418 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • High Ceiling
  • Skylights
  • Two Way Fireplace
  • See Through Fireplace
  • Formal Entry
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Home Office
  • Stone Flooring

Kitchen

  • Breakfast Area or Nook
  • Six Burner Stove
  • Warming Drawer
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom Retreat

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • In Ground Spa
  • Heated Pool

Outdoor Features

  • Stone Porch or Patio
  • Fire Pit
  • Outdoor Grill

Schools

  • Mariners Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Two cooling system units
  • Central Heating
  • Underground Utilities
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 93
  • Tax Tract Number 4224
  • Assessor Parcel Number 11769508

Community Details

Overview

  • Dover Shores Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,129

Year Built

Built in 1995

Lot Details

0

HOA Fees

$55 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Dover Shores (DSAM)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 11769508
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6418.00
  • Interior Amenities: Granite Counters, High Ceilings, Intercom, Stone Counters, Vacuum Central, Wet Bar
  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Dining Room, Fire Pit, Great Room, Living Room, Primary Retreat, See Through, Two Way
  • Levels: One
  • Price Per Square Foot: 791.52
  • Room Type: Formal Entry, Main Floor Primary Bedroom, Office
  • Spa Features: Heated, In Ground
  • Window Features: Skylight(s)
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Back Bay, City Lights, Coastline, Ocean, Panoramic
  • Patio And Porch Features: Stone
  • Pool Features: Heated, Private
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Concrete, Stone

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Direct Garage Access
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Sewer Available, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Warming Drawer, Water Softener
  • Electric: Electricity - On Property
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 55.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Mariners
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Mariners
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: MARINE
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 16000.00
  • Price Per Lot Square Foot: 343.69
  • Lot Size Acres: 0.3670

Multi Family

  • Lease Considered: No
  • Lot Size Area: 16000.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Lot: 93
  • Tax Tract Number: 4224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2016
Sold by
Nea Rey and Jiang Diana Yanzhu
Bought by
Nea Rey and Jiang Diana Yanzhu
Current Estimated Value
$9,033,573

Purchase Details

Listed on
Jul 10, 2016
Closed on
Aug 10, 2016
Sold by
Shahidi Esmail and Mostafavi Shirin
Bought by
Nea Rey and Jiang Diana Yanzhu
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Rachel Mounce
COMPASS
List Price
$5,499,000
Sold Price
$5,080,000
Premium/Discount to List
-$419,000
-7.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$3,302,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2012
Sold by
Mostafavi Shirin
Bought by
Shahidi Esmail and Mostafavi Shirin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.85%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 2, 2010
Sold by
Shahidi Esmail and Mostafavi Shirin
Bought by
The Shawnick Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 2, 2002
Sold by
Long Emiko and Long Emiko Katayama
Bought by
Shahidi Esmail and Mostafavi Shirin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,325,000
Interest Rate
7.13%

Purchase Details

Closed on
Jan 24, 2002
Sold by
Shahidi Esmail and Mostafavi Shirin
Bought by
Mostafavi Shirin

Purchase Details

Closed on
Sep 6, 2001
Sold by
Shahidi Esmail and Mostafavi Shirin
Bought by
Mostafavi Shirin

Purchase Details

Closed on
May 27, 1999
Sold by
Emiko Katayama and Emiko Wayne Jeffrey
Bought by
Long Emiko Katayama

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,000
Interest Rate
6.87%

Purchase Details

Closed on
Mar 10, 1997
Sold by
Fardin Mostafavi and Fardin Parissa
Bought by
Katayama Emiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.63%

Purchase Details

Closed on
Apr 13, 1995
Sold by
Moinzadeh Mojgan
Bought by
Mostafavi Amir Shahab

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.99%

Purchase Details

Closed on
Mar 30, 1995
Sold by
Mostafavi Sarvenaz
Bought by
Mostafavi Amin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.99%

Purchase Details

Closed on
Mar 20, 1995
Sold by
Mostafavi Fardin
Bought by
Mostafavi Fardin and Mostafavi Parissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.99%

Purchase Details

Closed on
Mar 17, 1995
Sold by
Mostafavi Amir Shahab and Mostafavi Amin
Bought by
Mostafavi Fardin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.99%
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
Nea Rey -- None Available
Nea Rey $5,080,000 North American Title Company
Shahidi Esmail -- Stewart Title Of California
The Shawnick Family Trust -- First American Title Company
Shahidi Esmail $2,326,500 First American Title Co
Mostafavi Shirin -- Southland Title Corporation
Mostafavi Shirin -- First American Title Co
Long Emiko Katayama -- American Title Co
Katayama Emiko $2,250,000 First American Title Ins Co
Mostafavi Amir Shahab -- Commonwealth Land Title Co
Mostafavi Amin -- Commonwealth Land Title Co
Mostafavi Fardin -- Commonwealth Land Title Co
Mostafavi Fardin $800,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nea Rey $1,355,000
Open Nea Rey $3,015,000
Previous Owner Nea Rey $3,302,000
Previous Owner Shahidi Esmail $675,000
Previous Owner Shahidi Esmail $1,600,000
Previous Owner The Shawnick Family Trust $1,500,000
Previous Owner Mostafavi Shirin $1,800,000
Previous Owner Mostafavi Shirin $250,000
Previous Owner Mostafavi Shirin $1,350,000
Previous Owner Shahidi Esmail $1,325,000
Previous Owner Long Emiko Katayama $381,000
Previous Owner Katayama Emiko $500,000
Previous Owner Mostafavi Fardin $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2016 09/27/16 Sold $5,080,000 -7.6% $792 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
07/10/2016 07/10/16 For Sale $5,499,000 +8.2% $857 / Sq Ft
06/20/2016 06/20/16 Off Market $5,080,000 -- --
05/04/2016 05/04/16 For Sale $5,499,000 -- $857 / 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 $62,129 $5,991,717 $4,591,526 $1,400,191
2024 $62,129 $5,874,233 $4,501,496 $1,372,737
2023 $60,679 $5,759,052 $4,413,231 $1,345,821
2022 $58,802 $5,555,721 $4,326,697 $1,229,024
2021 $57,671 $5,446,786 $4,241,860 $1,204,926
2020 $57,119 $5,390,936 $4,198,365 $1,192,571
2019 $55,925 $5,285,232 $4,116,044 $1,169,188
2018 $54,806 $5,181,600 $4,035,337 $1,146,263
2017 $53,835 $5,080,000 $3,956,212 $1,123,788
2016 $30,746 $2,903,328 $1,947,051 $956,277
2015 $30,457 $2,859,718 $1,917,805 $941,913
2014 $28,464 $2,682,651 $1,799,057 $883,594
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16094624

California Regional Multiple Listing Service (CRMLS)

APN: 117-695-08