NOT LISTED FOR SALE

Estimated Value: $6,945,000 - $9,689,002

3 Beds
3 Baths
3,046 Sq Ft
$2,779/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $8,000,000 $2,626 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $55,488/month

189 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Updated Kitchen
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of September 2020

MAJOR PRICE REDUCTION! TO SEE A VIRTUAL TOUR OF THIS PROPERTY PLEASE VISIT https://vimeo.com/387816703 .
Ideally positioned on a generous 90 foot wide lot in a premium location on Dolphin Terrace, this single story comfortably casual and chic, soft contemporary home features completely unobstructed, seemingly endless panoramic views! Appealing to the Buyer who is not looking for a mega-mansion to live in yet priced to appeal to someone who may want to consider the property for its future development potential, this special home with outdoor spaces you might find in a botanical garden setting, is ideal for entertaining. The home’s open floor plan with clean architectural lines is awash with an abundance of natural light provided by expansive floor to ceiling walls of glass and skylights. The residence features three bedrooms, three baths, a media room or den and an oversized three car garage. Designed by Fari in the early 1990s, spacious rooms, high ceilings and an indoor/outdoor lifestyle merge in a timeless and classic design for optimal style and flow. Located in the heart of Newport Beach, the location is walking distance to shopping and dining at Fashion Island, CDM village, Balboa Island, the Back Bay Dunes recreational area, the Newport Beach Country Club and Irvine Terrace Park. John Wayne Airport and freeway access are conveniently close. This is a truly special home and opportunity in a wonderful location on the quiet end of Dolphin Terrace.

Last Agent to Sell the Property

Mary Ellen Weglarz

Surterre Properties Inc. License #00976277 Listed on: 01/29/2020

Surterre Properties Inc.

Co-Listed By

Robert Weglarz

Surterre Properties Inc. License #01032500

Last Buyer's Agent

Laleh Monshizadeh

Coldwell Banker Realty License #01089475

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $89,874

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Fenced
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System
  • Lawn
  • Back Yard

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Driveway Level

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Catalina
  • Panoramic
  • City Lights
  • Bluff
  • Views of a landmark

Home Design

  • Contemporary Architecture
  • Turnkey
  • Planned Development
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,046 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Built-In Features
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Custom Window Coverings
  • Entryway
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Theater
  • Bonus Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Double Self-Cleaning Convection Oven
  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Trash Compactor

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Makeup or Vanity Space
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits
  • Entry Slope Less Than 1 Foot
  • Low Pile Carpeting

Outdoor Features

  • Tile Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a clubhouse
  • Property is near public transit
  • Suburban Location

Schools

  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • 220 Volts in Kitchen
  • Hot Water Circulator
  • Gas Water Heater
  • Phone Connected
  • Cable TV Available

Community Details

  • Irvine Terrace Community Association, Phone Number (949) 448-6000
  • Firstservice Residential HOA
  • Maintained Community

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 2334
  • Assessor Parcel Number 05027412

Home Details

Home Type

Single Family

Est. Annual Taxes

$89,874

Year Built

Built in 1988 | Remodeled

Lot Details

0

HOA Fees

$48 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: Contemporary
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05027412
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3046.00 Square Feet
  • Interior Amenities: Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters, Wired for Sound
  • Stories: 1
  • Entry Location: Street level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: 2+ Access Exits, Entry Slope Less Than 1 Foot, Low Pile Carpeting, No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Living Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2626.40
  • Room Type: All Bedrooms Down, Bonus Room, Entry, Great Room, Home Theatre, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Media Room, Walk-In Closet
  • Window Features: Custom Covering, Drapes, Skylight(s)
  • Bathroom Features: Bidet, Shower, Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Remodeled, Separate Tub And Shower, Soaking Tub, Upgraded, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Bay, Catalina, City Lights, Coastline, Landmark, Marina, Ocean, Panoramic, Water
  • Fence: Yes
  • Fencing: Average Condition, Good Condition
  • Patio And Porch Features: Patio, Patio Open, Tile
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Built-In Storage, Covered, Direct Garage Access, Concrete, Driveway Level, Garage Faces Front, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Convection Oven, Dishwasher, Double Oven, Electric Oven, Gas Cooktop, Gas Water Heater, Hot Water Circulator, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor, Vented Exhaust Fan, Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central, Forced Air
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds
  • Association Fee: 48.00
  • Association Fee Frequency: Monthly
  • Association Name: Irvine Terrace Community Association
  • Phone: 949-448-6000
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Suburban
  • Association Management: FirstService Residential

Schools

  • School District: Newport Mesa Unified
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Bluff, Close to Clubhouse, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Paved, Sprinkler System
  • Lot Size Sq Ft: 12420.00
  • Lot Size Acres: 0.2851

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12420.0000 Square Feet
  • Number Of Units In Community: 365
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 11
  • Tax Tract Number: 2334

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Aug 10, 2020
Sold by
Wagner Deanna Rae Magnon and The Elaine Taber 1992 Trust
Bought by
Monshizadeh Ramin and Golkar Linda
Seller's Agent
Mary Ellen Weglarz
Surterre Properties Inc.
Buyer's Agent
Laleh Monshizadeh
Coldwell Banker Realty
List Price
$9,995,000
Sold Price
$8,000,000
Premium/Discount to List
-$1,995,000
-19.96%
Current Estimated Value
$8,800,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$800,217
Avg. Annual Appreciation
-0.30%
Original Mortgage
$3,000,000
Outstanding Balance
$2,687,782
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$5,193,949

Purchase Details

Closed on
Sep 3, 2014
Sold by
Taber Elaine
Bought by
Wagner Deanna Rae Magnon and The Elaine Taber Qualified Personal Resi

Purchase Details

Closed on
Mar 28, 2001
Sold by
Taber Clare J
Bought by
Taber Elaine and Elaine Taber Trust
Source: Public Records

Range of Values:

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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
Monshizadeh Ramin $8,000,000 Orange Coast Title Company
Wagner Deanna Rae Magnon -- None Available
Wagner Deanna Rae Magnon -- None Available
Wagner Deanna Rae Magnon -- None Available
Taber Elaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monshizadeh Ramin $3,000,000
Open Monshizadeh Ramin $4,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $8,000,000 -5.9% $2,626 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
06/16/2020 06/16/20 Price Changed $8,499,000 -5.5% $2,790 / Sq Ft
03/16/2020 03/16/20 Price Changed $8,995,000 -10.0% $2,953 / Sq Ft
01/29/2020 01/29/20 For Sale $9,995,000 -- $3,281 / 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 $89,874 $8,674,176 $7,438,436 $1,235,740
2024 $89,874 $8,504,095 $7,292,585 $1,211,510
2023 $87,780 $8,337,349 $7,149,594 $1,187,755
2022 $86,338 $8,173,872 $7,009,406 $1,164,466
2021 $84,535 $8,000,000 $6,871,966 $1,128,034
2020 $30,310 $2,844,657 $1,937,578 $907,079
2019 $29,680 $2,788,880 $1,899,586 $889,294
2018 $29,088 $2,734,197 $1,862,340 $871,857
2017 $28,573 $2,680,586 $1,825,824 $854,762
2016 $27,930 $2,628,026 $1,790,024 $838,002
2015 $27,668 $2,588,551 $1,763,136 $825,415
2014 $26,942 $2,537,845 $1,728,598 $809,247
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20014712

California Regional Multiple Listing Service (CRMLS)

APN: 050-274-12