$3,400,000
SOLD APR 6, 2012
0.44 Acre
$7,692,308 Price per Acre
19,254 Sq Ft Lot

Recently Sold

$278 Per Sq Ft

21% Below List Price

608 Days on Market

Highlights

  • White Water Ocean Views
  • Harbor View Elementary School Rated A
  • Rectangular Lot

About This Lot

As of June 2015

This extraordinary Crystal Cove home site has spectacular, unobstructed Newport Harbor, coastline, ocean, Catalina Island and night light views. With nearly 83 feet of frontage and 19,271 square feet of land, the lot has a maximum allowable above ground buildable square footage of 7,700 feet. Included in the purchase are EBTA designed plans for a handsome French Provence style home of approximately 11,700 square feet, including the buildable subterranean area. Owner will finance this purchase to a qualified buyer.

Last Agent to Sell the Property

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 08/07/2010

Pacific Sotheby’s International Realty

Last Buyer's Agent

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 08/07/2010

Pacific Sotheby’s International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $201,051

Year Built

  • 2014

Lot Details

  • 0.44 Acre Lot
  • Rectangular Lot
  • Property is zoned r1

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • Harbor
  • Catalina
  • City Lights

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 16456
  • Assessor Parcel Number 47726135

Property Details

Property Type

Land

Est. Annual Taxes

$201,051

Year Built

2014

Lot Details

0

Listing Details

  • Assessments: Yes
  • Improvements: All utilities and grading, engineering are complete.
  • Possible Use Comments: Custom Home site, Plans available designed by EBTA
  • Subdivision Name Other: Custom
  • Survey: Survey Done
  • View: Yes
  • Zoning: r1
  • Property Type: Land
  • Parcel Number: 47726135
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 2014

Interior Features

  • Price Per Square Foot: 176.43

Exterior Features

  • View: Catalina, City Lights, Coastline, Harbor, Marina, Water, White Water

Utilities

  • Utilities: Sewer Available
  • Electric: Electricity - On Property
  • Sewer: Sewer Paid
  • Water Source: Public
  • Water Well: No

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Current Geological: Yes
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 19271.00
  • Lot Size Acres: 0.4420

Multi Family

  • Lot Size Area: 19271.0000 Square Feet

Tax Info

  • Tax Area: 07179
  • Tax Lot: 16
  • Tax Tract Number: 16456

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2014
Closed on
May 27, 2015
Sold by
Zaugg Robert W
Bought by
Verde Investments Inc
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
John Stanaland
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
List Price
$19,990,000
Sold Price
$16,000,000
Premium/Discount to List
-$3,990,000
-19.96%
Total Days on Market
608
Current Estimated Value
$15,850,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,658
Avg. Annual Appreciation
0.88%

Purchase Details

Listed on
Aug 7, 2010
Closed on
Mar 28, 2012
Sold by
Carroll Joseph D
Bought by
Zaugg Robert W and The Robert W Zaugg Living Trust
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Steve High
Pacific Sotheby’s International Realty
List Price
$4,295,000
Sold Price
$3,400,000
Premium/Discount to List
-$895,000
-20.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.25%

Purchase Details

Closed on
Mar 28, 2007
Sold by
Irvine Community Development Co Llc
Bought by
Carroll Joseph D and Carroll Leah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $16,000,000 Lawyers Title
Grant Deed -- Equity Title Company
Corporate Deed -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,600,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,400,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2015 06/04/15 Sold $16,000,000 -20.0% $1,307 / Sq Ft
05/25/2015 05/25/15 Pending -- -- --
06/04/2014 06/04/14 For Sale $19,990,000 +487.9% $1,633 / Sq Ft
04/06/2012 04/06/12 Sold $3,400,000 -20.8% $278 / Sq Ft
04/06/2012 04/06/12 Pending -- -- --
08/07/2010 08/07/10 For Sale $4,295,000 -- $351 / 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
2024 $201,051 $18,852,556 $13,376,244 $5,476,312
2023 $196,634 $18,482,899 $13,113,965 $5,368,934
2022 $192,711 $18,120,490 $12,856,829 $5,263,661
2021 $189,179 $17,765,187 $12,604,735 $5,160,452
2020 $187,043 $17,583,027 $12,475,489 $5,107,538
2019 $184,474 $17,238,262 $12,230,871 $5,007,391
2018 $180,941 $16,900,257 $11,991,050 $4,909,207
2017 $178,502 $16,568,880 $11,755,931 $4,812,949
2016 $174,501 $16,244,000 $11,525,422 $4,718,578
2015 $87,866 $7,997,878 $3,859,343 $4,138,535
2014 $63,872 $5,583,775 $3,483,744 $2,100,031
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: L33765

California Regional Multiple Listing Service (CRMLS)

APN: 477-261-35