NOT LISTED FOR SALE

Estimated Value: $6,843,000 - $7,560,000

5 Beds
4.5 Baths
3,731 Sq Ft
$1,895/Sq Ft Est. Value

Last Sold August 20, 2018

Last sale price $4,045,000 $1,084 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $41,628/month

56 Days on Market

Highlights

  • Newly Remodeled
  • Primary Bedroom Suite
  • Contemporary Architecture
  • Abraham Lincoln Elementary School Rated A
  • Open Floorplan
  • Property is near a park

About This Home

As of August 2018

FINAL PRICE REDUCTION ON THIS IMMACULATE NEW CONSTRUCTION! This single-level, new build in the popular Irvine Terrace neighborhood of Corona Del Mar, is designed for entertaining and to impress with its floor plan and style speaking of luxurious volume and sophistication. Committed to unmatched quality, this home showcases 12-foot ceilings, multiple skylights, large Fleetwood doors and windows, and a disappearing glass wall bringing the outside into the home for year-round indoor/outdoor living. The chef’s kitchen contains Sub-Zero, Bosch, and Wolf appliances along with stunning quartzite countertops and warm wood cabinets. This home provides 3,731 square feet on a 7,245 square foot lot incorporating five bedrooms and five bathrooms into its open floor plan which melds living, cooking, and dining into one breathtaking space for easy living and entertaining. Located in close proximity to Fashion Island, Newport Beach Country Club, and Balboa Island, you will be in walking distance to some of the best dining, shopping, and beaches southern California has to offer.

Last Agent to Sell the Property

John McMonigle

Agentinc License #01123869 Listed on: 06/12/2018

Co-Listed By

Russ Evans

Pacific Sotheby's Int'l Realty License #01995317

Last Buyer's Agent

Leslie Thompson

Compass License #01836958

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,941

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 7,245 Sq Ft Lot
  • East Facing Home
  • Wood Fence
  • New Fence
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

HOA Fees

  • $47 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Patio Home
  • Entry on the 1st floor
  • Turnkey
  • Flat Roof Shape

Interior Spaces

  • 3,731 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Double Door Entry
  • Sliding Doors
  • Panel Doors
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Utility Room
  • Laundry Room
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Slab Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Urban Location

Schools

  • Lincoln Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Phone Available

Community Details

  • Irvine Terrace HOA, Phone Number (800) 428-5588
  • Built by GSR Coastal
  • Irvine Terrace Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 1701
  • Assessor Parcel Number 05028314

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,941

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$47 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Fire Sprinkler System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: No
  • Architectural Style: Contemporary, Modern
  • New Construction: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05028314
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3731.00 Square Feet
  • Interior Amenities: Built-in Features, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Wired for Data, Wired for Sound
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, Panel Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1084.16
  • Room Type: All Bedrooms Down, Entry, Family Room, Foyer, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Office, Utility Room, Walk-In Closet, Walk-In Pantry
  • Window Features: Skylight(s)
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Butler's Pantry, Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: New Condition, Wood
  • Builder Name: GSR Coastal
  • Patio And Porch Features: Concrete, Patio, Patio Open, Slab
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Garage, Garage Faces Front, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Double Oven, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Water Line to Refrigerator
  • Electric: Standard
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 47.00
  • Association Fee Frequency: Monthly
  • Association Name: Irvine Terrace HOA
  • Phone: 800-428-5588
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Lincoln
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Lincoln
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: LINCOL
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Park Nearby, Patio Home, Sprinkler System, Yard
  • Lot Size Sq Ft: 7245.00
  • Lot Size Acres: 0.1663

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7245.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 24
  • Tax Tract Number: 1701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2018
Closed on
Aug 7, 2018
Sold by
Gsr Coastal Llc
Bought by
Takeuchi Ronald K and Takeuchi Cathy L
Seller's Agent
John McMonigle
Agentinc
Buyer's Agent
Leslie Thompson
Compass
List Price
$4,995,000
Sold Price
$4,045,000
Premium/Discount to List
-$950,000
-19.02%
Current Estimated Value
$7,070,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,025,121
Avg. Annual Appreciation
7.95%

Purchase Details

Listed on
Jun 15, 2016
Closed on
Jun 23, 2016
Sold by
Chandler Robertson K and Chandler Nancy G
Bought by
Gsr Coastal Llc
Seller's Agent
Jeff Ewing
Coldwell Banker Realty
Buyer's Agent
Mark Simon
Berkshire Hathaway Homeservice
List Price
$2,249,000
Sold Price
$2,100,000
Premium/Discount to List
-$149,000
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.04%

Purchase Details

Closed on
Oct 13, 2014
Sold by
Chandler Robertson K
Bought by
Chandler Robertson K and Chandler Nancy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 13, 2003
Sold by
Chandler Nancy G
Bought by
Chandler Robertson K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
5.79%

Purchase Details

Closed on
Jan 27, 2003
Sold by
Gilmore Kevin Robert Joseph and Gilmore Rachel Nina Zammit
Bought by
Chandler Robertson K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
5.79%

Purchase Details

Closed on
Oct 1, 2002
Sold by
Gilmore Kevin R and Zammit Gilmore Rachel N
Bought by
Gilmore Kevin Robert Joseph and Gilmore Rachel Nina Zammit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.87%

Purchase Details

Closed on
Jul 11, 2001
Sold by
Lane Rosemarie
Bought by
Gilmore Kevin

Purchase Details

Closed on
Sep 27, 2000
Sold by
Kevin Gilmore and Zammit Rachel Zammit
Bought by
Gilmore Kevin Robert Joseph and Gilmore Rachel Nina Zammit

Purchase Details

Closed on
Nov 13, 1997
Sold by
Zammit Gilmore Rachel Nina
Bought by
Gilmore Kevin

Purchase Details

Closed on
Sep 11, 1997
Sold by
Lucyann Cameron and Lucyann Sally
Bought by
Gilmore Kevin and Gilmore Rachel Zammit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
7.37%

Purchase Details

Closed on
Jul 23, 1993
Sold by
Walsh Lucille I
Bought by
Walsh Lucille I and Cameron Lucyann
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
Takeuchi Ronald K $4,045,000 Stewart Title
Gsr Coastal Llc $2,100,000 Chicago Title Company
Chandler Robertson K -- Lawyers Title Company
Chandler Robertson K -- --
Chandler Robertson K $965,000 Equity Title Company
Gilmore Kevin Robert Joseph -- First American Title Ins Co
Gilmore Kevin -- --
Gilmore Kevin Robert Joseph -- --
Gilmore Kevin -- Fidelity National Title Ins
Rhodes Sally Walsh -- Fidelity National Title Ins
Gilmore Kevin $480,000 --
Walsh Lucille I -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chandler Robertson K $1,400,000
Previous Owner Chandler Robertson K $500,000
Previous Owner Chandler Robertson K $75,000
Previous Owner Chandler Rob $275,000
Previous Owner Chandler Robertson K $45,000
Previous Owner Chandler Robertson K $150,000
Previous Owner Chandler Robertson K $1,120,296
Previous Owner Chandler Robertson K $135,000
Previous Owner Chandler Robertson K $36,841
Previous Owner Chandler Robertson K $772,000
Previous Owner Gilmore Kevin Robert Joseph $600,000
Previous Owner Gilmore Kevin R $200,000
Previous Owner Gilmore Kevin R $600,000
Previous Owner Gilmore Kevin $420,000
Previous Owner Gilmore Kevin $140,000
Previous Owner Gilmore Kevin $384,000
Closed Chandler Robertson K $193,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2018 08/20/18 Sold $4,045,000 -3.6% $1,084 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/24/2018 07/24/18 Price Changed $4,195,000 -10.6% $1,124 / Sq Ft
06/27/2018 06/27/18 Price Changed $4,695,000 -6.0% $1,258 / Sq Ft
06/06/2018 06/06/18 For Sale $4,995,000 +137.9% $1,339 / Sq Ft
07/05/2016 07/05/16 Sold $2,100,000 -6.6% $1,118 / Sq Ft
06/23/2016 06/23/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $2,249,000 -- $1,198 / 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 $46,941 $4,512,272 $3,177,900 $1,334,372
2024 $46,941 $4,423,797 $3,115,589 $1,308,208
2023 $45,845 $4,337,056 $3,054,499 $1,282,557
2022 $45,090 $4,252,016 $2,994,607 $1,257,409
2021 $44,224 $4,168,644 $2,935,890 $1,232,754
2020 $43,800 $4,125,900 $2,905,786 $1,220,114
2019 $42,886 $4,045,000 $2,848,809 $1,196,191
2018 $29,536 $2,776,787 $2,028,010 $748,777
2017 $22,461 $2,100,000 $1,988,246 $111,754
2016 $16,060 $1,504,046 $1,389,641 $114,405
2015 $15,907 $1,481,454 $1,368,767 $112,687
2014 $12,321 $1,140,130 $1,031,346 $108,784
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18139813

California Regional Multiple Listing Service (CRMLS)

APN: 050-283-14