NOT LISTED FOR SALE

Estimated Value: $8,514,000 - $9,497,970

5 Beds
5.5 Baths
4,805 Sq Ft
$1,869/Sq Ft Est. Value

Last Sold December 26, 2017

Last sale price $5,050,000 $1,051 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $54,725/month

9 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Heated In Ground Pool
  • Deck

About This Home

As of December 2017

Spectacular panoramic views of Newport Harbor Bay, Catalina, Palos Verdes and the Laguna coastline await you in this Pelican Heights "Montecito" residence in Newport Coast. The foyer featuring marble flooring, beautiful handcrafted wrought iron stairway, 2 story ceilings with a stunning chandelier setting the tone for this entertaining home. Featuring 5 bedrooms, 5.5 baths with one en-suite bedroom on the first level, an office, a gourmet kitchen with high-end Viking appliances, large center island, with amazing views from the spacious great room, formal dining room and living room. Four additional en-suite bedrooms are located on the second level including a luxurious master suite featuring a fireplace and private terrace to enjoy breathtaking sunsets! An inviting saltwater pool with waterfall, lighting, jacuzzi, BBQ center and seating with views of the Newport coastline, mountains and city lights. World class amenities in prestigious Newport Coast including premiere shopping and dining in Fashion Island, nearby South Coast Plaza, championship golf at Pelican Hill, beautiful beaches and much more.

Last Agent to Sell the Property

Diana Miner

Coldwell Banker Realty License #01919429 Listed on: 10/07/2017

Coldwell Banker Realty

Co-Listed By

Jason C Bradshaw

Coldwell Banker Realty License #01304396

Last Buyer's Agent

Diana Miner

Coldwell Banker Realty License #01919429 Listed on: 10/07/2017

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,966

Year Built

  • Built in 2002

Lot Details

  • 9,481 Sq Ft Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Stucco Fence
  • Fence is in excellent condition
  • Landscaped
  • Sprinkler System
  • Back Yard

HOA Fees

  • $715 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Three Garage Doors
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Mediterranean Architecture
  • Fire Rated Drywall
  • Clay Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 4,805 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Custom Window Coverings
  • Atrium Doors
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Self-Cleaning Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Free-Standing Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Halls are 48 inches wide or more

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Waterfall Pool Feature

Outdoor Features

  • Balcony
  • Deck
  • Stone Porch or Patio
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • 220 Volts For Spa
  • Private Water Source
  • Gas Water Heater
  • Sewer Connected

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303323

Community Details

Overview

  • Pelican Heights Association, Phone Number (949) 363-1963

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Laundry Facilities
  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,966

Year Built

Built in 2002

Lot Details

0

HOA Fees

$715 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Number: 949-394-6212
  • Property Attached: No
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Montecito (MONT)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303323
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4805.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Sunken Living Room, Wainscoting, Wired for Data, Wired for Sound
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: 48 Inch Or More Wide Halls
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Atrium Doors
  • Eating Area: Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Retreat
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1050.99
  • Room Type: Dressing Area, Family Room, Formal Entry, Foyer, Great Room, Library, Living Room, Main Floor Bedroom, Master Bedroom, Master Suite, Office, Retreat, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Spa Features: Heated, In Ground
  • Window Features: Custom Covering
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: Bay, Catalina, City Lights, Coastline, Harbor, Marina, Ocean, Panoramic, Water
  • Fence: Yes
  • Fencing: Block, Excellent Condition, Stucco Wall
  • Patio And Porch Features: Deck, Stone
  • Pool Features: Private, In Ground, Waterfall, Salt Water, Heated
  • Pool Private: Yes
  • Roof: Clay
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Self Cleaning Oven, Convection Oven, Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
  • Electric: 220 Volts For Spa, 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: None
  • Water Source: Private, Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 715.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Heights
  • Phone: 949-363-1963
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac, Landscaped, Lot 6500-9999, Sprinkler System
  • Lot Size Sq Ft: 9481.00

Multi Family

  • Lease Considered: Yes
  • Number Of Units In Community: 96
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2017
Closed on
Dec 4, 2017
Sold by
Shah Jaykumar Jethalal
Bought by
Dharod Neha
Seller's Agent
Diana Miner
Coldwell Banker Realty
Buyer's Agent
Diana Miner
Coldwell Banker Realty
List Price
$5,388,000
Sold Price
$5,050,000
Premium/Discount to List
-$338,000
-6.27%
Current Estimated Value
$8,979,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,929,993
Avg. Annual Appreciation
7.79%
Original Mortgage
$3,787,500
Outstanding Balance
$3,104,544
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,875,449

Purchase Details

Closed on
Mar 14, 2017
Sold by
Alliance Trust Co
Bought by
Bhatia Rajesh

Purchase Details

Listed on
Nov 25, 2016
Closed on
Feb 22, 2017
Sold by
Bhatia Rajesh
Bought by
Veer Llc
Seller's Agent
Diana Miner
Coldwell Banker Realty
Buyer's Agent
Diana Miner
Coldwell Banker Realty
Sold Price
$17,000

Purchase Details

Closed on
Mar 18, 2016
Sold by
Bhatia Rajesh Kumar
Bought by
Bhatia Rajesh and Bhatia Neelam

Purchase Details

Closed on
Mar 8, 2016
Sold by
Bhatia Rajesh and Bhatia Neelam
Bought by
Alliance Trust Company and The Sunrise 2016 Nevada Trust

Purchase Details

Listed on
Apr 4, 2014
Closed on
Aug 13, 2014
Sold by
Bhatia Neelam
Bought by
Bhatia Rajesh Kumar
Seller's Agent
Cathy Porter
Laguna Coast Real Estate
Buyer's Agent
Diana Miner
Coldwell Banker Realty
List Price
$4,918,000
Sold Price
$4,918,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
May 20, 2014
Sold by
Li Jenny
Bought by
Bhatia Rajesh Kumar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 18, 2004
Sold by
Li Edward
Bought by
Li Edward and Li Conan

Purchase Details

Closed on
Nov 21, 2002
Sold by
Li Conan
Bought by
Li Jenny

Purchase Details

Closed on
Oct 23, 2002
Sold by
Cph Newport Coast Llc
Bought by
Li Jenny
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
Dharod Neha -- First American Title Co
Dharod Harshad -- First American Title Co
Dharod Harshad $5,050,000 First American Title Co
Bhatia Rajesh -- None Available
Veer Llc -- None Available
Bhatia Rajesh -- None Available
Alliance Trust Company -- None Available
Bhatia Rajesh Kumar -- First American Title Company
Bhatia Rajesh Kumar $4,918,000 First American Title Company
Li Edward -- --
Li Jenny -- First American Title Co
Li Jenny $1,925,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dharod Harshad $3,787,500
Previous Owner Bhatia Rajesh Kumar $2,800,000
Previous Owner Li Jenny $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2017 12/26/17 Sold $5,050,000 -6.3% $1,051 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
10/07/2017 10/07/17 For Sale $5,388,000 0.0% $1,121 / Sq Ft
12/28/2016 12/28/16 Rented $17,000 0.0% --
12/06/2016 12/06/16 Price Changed $17,000 -5.6% $4 / Sq Ft
11/25/2016 11/25/16 For Rent $18,000 0.0% --
09/15/2014 09/15/14 Sold $4,918,000 0.0% $1,024 / Sq Ft
09/14/2014 09/14/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $4,918,000 0.0% $1,024 / Sq Ft
06/01/2012 06/01/12 Rented $15,500 +3.3% --
05/10/2012 05/10/12 Under Contract -- -- --
04/09/2012 04/09/12 For Rent $15,000 -- --
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 $60,966 $5,746,037 $4,732,956 $1,013,081
2024 $60,966 $5,633,370 $4,640,153 $993,217
2023 $59,628 $5,522,912 $4,549,169 $973,743
2022 $58,641 $5,414,620 $4,459,970 $954,650
2021 $56,965 $5,308,451 $4,372,519 $935,932
2020 $57,070 $5,254,020 $4,327,684 $926,336
2019 $56,069 $5,151,000 $4,242,827 $908,173
2018 $54,957 $5,050,000 $4,159,634 $890,366
2017 $56,567 $5,092,858 $4,142,901 $949,957
2016 $57,924 $4,992,999 $4,061,668 $931,331
2015 $57,473 $4,918,000 $4,000,658 $917,342
2014 $29,095 $2,316,089 $1,575,268 $740,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17230929

California Regional Multiple Listing Service (CRMLS)

APN: 473-033-23