NOT LISTED FOR SALE

Estimated Value: $7,771,000 - $10,673,426

5 Beds
5.5 Baths
5,832 Sq Ft
$1,539/Sq Ft Est. Value

Last Sold May 07, 2013

Last sale price $4,400,000 $754 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $54,476/month

7 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Private Pool
  • Newport Coast Elementary School Rated A
  • Home Theater
  • 1-minute walk to Vista Ridge View Park

About This Home

As of May 2013

Enjoy SPECTAULAR Panoramic views of OCEAN, CITY LIGHTS & CATALINA ISLAND from this Expanded and Highly upgraded Residence. Situated on the LARGEST lot w/in Perazul, this Grand home features 5 BD/ 6BA plus an additional bonus/media room (or 2nd Master) with private entry (unique from any other Plan 3). With an impressive long, circular driveway and at the center a four-tier water fountain creates an elegant entrance. The secluded gated-courtyard has a two-tier stone waterfall feature. The grand foyer has voluminous ceilings, dual chandeliers, travertine flooring and expansive French doors with breathtaking views in every direction. Every bedroom, including the main floor suite has their own bathroom and walk-in closets. A chef's dream kitchen, spacious with a center island, Viking appliances, a Sub-Zero and wine refrigerator, dual ovens and dishwashers, beautiful custom cabinetry, granite counters and appealing arched-ceiling enhancements. Attractive custom paint throughout, crown molding in every room and use of artistic accents compliment this exquisite home. Over four large outdoor balconies, all with exquisite views, plus an outdoor fireplace, custom BBQ/bar creates the perfect ambiance for outdoor entertaining.

Last Agent to Sell the Property

Michelle Ultimo Hall

Ultimo Properties, Inc. License #01031639 Listed on: 03/01/2013

Last Buyer's Agent

Sharey Share

Suntrust Capital Inc. License #01877025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,349

Year Built

  • Built in 1999

Lot Details

  • 0.32 Acre Lot
  • East Facing Home

HOA Fees

  • $560 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Circular Driveway

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Canyon
  • Hills

Home Design

  • Mediterranean Architecture
  • Concrete Roof
  • Stucco

Interior Spaces

  • 5,832 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Wired For Data
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Fireplace With Gas Starter
  • Custom Window Coverings
  • French Mullion Window
  • Window Screens
  • French Doors
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Stone Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Double Oven
  • Gas Oven
  • Range Hood
  • Warming Drawer
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet

Home Security

  • Alarm System
  • Fire and Smoke Detector

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Rooftop Deck
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Zoned Cooling and Heating System
  • 220 Volts in Garage
  • Tankless Water Heater
  • Water Purifier
  • Water Softener
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 15079
  • Assessor Parcel Number 47815104

Community Details

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa

Additional Features

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,349

Year Built

Built in 1999

Lot Details

0

HOA Fees

$560 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Gated with Guard, Smoke Detector(s), Security System, Wired for Alarm System
  • Subdivision Name Other: Perazul (PERZ)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47815104
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5832.00
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Crown Molding, Wired for Data, Granite Counters, High Ceilings, Wired for Sound
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Gas Starter, Living Room, Master Bedroom, Outside
  • Levels: Two
  • Price Per Square Foot: 754.46
  • Room Type: Family Room, Formal Entry, Living Room, Main Floor Bedroom, Walk-In Closet, Home Theatre, Two Masters
  • Spa Features: Association
  • Window Features: Custom Covering, Drapes, French/Mullioned, Screens
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • View: Catalina, City Lights, Canyon, Coastline, Hills, Ocean, Panoramic, Water
  • Patio And Porch Features: Covered, Roof Top
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Concrete
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 3
  • Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Garage Faces Front, Direct Garage Access, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Double Oven, Dishwasher, Disposal, Gas Oven, Range Hood, Instant Hot Water, Microwave, Refrigerator, Trash Compactor, Tankless Water Heater, Water Line to Refrigerator, Warming Drawer, Water Purifier, Water Softener
  • Electric: 220 Volts in Garage
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Guard, Picnic Area, Playground, Pool, Spa/Hot Tub, Sport Court, Tennis Court(s), Trash
  • Association Fee: 560.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13890.00
  • Lot Size Acres: 0.3190

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13890.0000 Square Feet
  • Number Of Units In Community: 50
  • Number Of Units Total: 50

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 15079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2013
Closed on
Mar 11, 2013
Sold by
Matteson Scot
Bought by
Zhao Fengwang and Lu Yamei
Seller's Agent
Michelle Ultimo Hall
Ultimo Properties, Inc.
Buyer's Agent
Sharey Share
Suntrust Capital Inc.
List Price
$4,495,000
Sold Price
$4,400,000
Premium/Discount to List
-$95,000
-2.11%
Current Estimated Value
$8,974,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,574,607
Avg. Annual Appreciation
6.38%
Original Mortgage
$1,500,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 15, 2005
Sold by
Matteson Scot
Bought by
Matteson Scot and Scot Matteson Separate Property Trust

Purchase Details

Closed on
Nov 30, 2001
Sold by
Matteson Scot and Matteson Kimberly Ann
Bought by
Matteson Scot and Matteson Kimberly A

Purchase Details

Closed on
Sep 21, 1999
Sold by
Taylor Woodrow Homes Inc
Bought by
Matteson Scot and Matteson Kimberly Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.76%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 20, 1995
Sold by
Matteson Kimberly A
Bought by
Matteson Scot
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
Zhao Fengwang $4,400,000 First American Title Ins Co
Matteson Scot -- --
Matteson Scot -- --
Matteson Scot -- --
Matteson Scot -- --
Matteson Scot -- First American Title Ins Co
Matteson Scot -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhao Fengwang $1,500,000
Previous Owner Matteson Scot $120,000
Previous Owner Matteson Scot $35,000
Previous Owner Matteson Scot $1,845,000
Previous Owner Matteson Scot $100,000
Previous Owner Matteson Scot $250,000
Previous Owner Matteson Scot $1,760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2013 05/07/13 Sold $4,400,000 -2.1% $754 / Sq Ft
03/08/2013 03/08/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $4,495,000 -- $771 / 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 $57,349 $5,418,281 $3,872,223 $1,546,058
2024 $57,349 $5,312,041 $3,796,297 $1,515,744
2023 $56,094 $5,207,884 $3,721,860 $1,486,024
2022 $55,165 $5,105,769 $3,648,882 $1,456,887
2021 $53,543 $5,005,656 $3,577,335 $1,428,321
2020 $53,695 $4,954,330 $3,540,654 $1,413,676
2019 $52,764 $4,857,187 $3,471,230 $1,385,957
2018 $51,718 $4,761,949 $3,403,167 $1,358,782
2017 $51,653 $4,668,578 $3,336,438 $1,332,140
2016 $52,456 $4,577,038 $3,271,018 $1,306,020
2015 $52,048 $4,508,287 $3,221,884 $1,286,403
2014 $50,853 $4,419,976 $3,158,771 $1,261,205
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13033440

California Regional Multiple Listing Service (CRMLS)

APN: 478-151-04