NOT LISTED FOR SALE

Estimated Value: $8,070,000 - $8,882,000

4 Beds
4.5 Baths
4,400 Sq Ft
$1,939/Sq Ft Est. Value

Last Sold October 19, 2015

Last sale price $4,300,000 $977 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $50,462/month

160 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • In Ground Pool
  • 4-minute walk to Vista Ridge View Park

About This Home

As of October 2015

MOTIVATED SELLERS HAVE RELOCATION OPPORTUNITY!! $300k+ PRICE REDUCTION HAS CREATED THE BEST VALUE IN NEWPORT COAST!!! Truly one of the most private and inspiring estate homes in Newport Coast. Uniquely positioned on a spectacular ocean view lot of nearly 12,000 sf, this park-like setting creates an enchanting oasis like no other. Enter through travertine pathways to multiple courtyards, pool terraces, manicured lawns, Catalina Island vistas and glowing sunsets. The private pool and spa creates a tranquil backdrop to the outdoor entertaining areas. A gourmet kitchen offers a breakfast nook, built-in refrigerator and Viking appliances. The adjacent family room with fireplace and covered pool terrace is ideal for alfresco dining. 14 sets of French doors open to the outdoor terraces and coastal views. A formal entry opens to an elegant living room with barrel ceiling, fireplace and formal dining room. A downstairs suite with bath is ideal for guests. A separate Casita creates an ideal home office or media room. The master bedroom suite with fireplace and retreat is enhanced by a large deck to take in the panoramic ocean, harbor and city light views. Two additional bedrooms with baths are found in a separate wing. Meticulously maintained by original owners.

Last Agent to Sell the Property

Dean Lueck

Compass License #01752859 Listed on: 03/09/2015

Compass

Last Buyer's Agent

Coleen Brennan

Engel & Völkers Newport Beach License #01003247

Engel & Völkers Newport Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,884

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 0.27 Acre Lot
  • Fenced
  • Fence is in excellent condition
  • Level Lot

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available

Property Views

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

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 4,400 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Awning
  • Drapes & Rods
  • Stained Glass
  • Casement Windows
  • French Doors
  • Sliding Doors
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Terrace
  • Exterior Lighting
  • Rain Gutters

Schools

  • Newport Coast Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 15079
  • Assessor Parcel Number 47815116

Community Details

Overview

  • Built by Taylor Woodrow
  • Perazul Subdivision, Perazul Plan 1

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,884

Year Built

Built in 2001 | Remodeled

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Perazul (PERZ)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47815116
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4400.00
  • Interior Amenities: Built-in Features, Balcony, Granite Counters, High Ceilings, Recessed Lighting
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 977.27
  • Room Type: Den, Family Room, Formal Entry, Foyer, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet, Retreat, Separate Family Room, Office
  • Spa Features: Association, In Ground, Private
  • Window Features: Casement Windows, Drapes, Double Pane Windows, Stained Glass
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s)
  • View: Catalina, City Lights, Canyon, Coastline, Harbor, Ocean, Panoramic, Water
  • Fence: Yes
  • Fencing: Excellent Condition
  • Builder Name: Taylor Woodrow
  • Patio And Porch Features: Covered, Deck, Stone, Terrace
  • Pool Features: Association, Community, In Ground, Private
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Water Line to Refrigerator
  • Heating Type: Central, Forced Air, Zoned
  • Laundry Features: Inside, Individual Room, Upper Level
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Pool, Spa/Hot Tub
  • Association Fee: 570.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11594.00
  • Price Per Lot Square Foot: 370.88
  • Lot Size Acres: 0.2660

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11594.0000 Square Feet
  • Number Of Units In Community: 100

Tax Info

  • Tax Lot: 22
  • Tax Model: 1
  • Tax Tract Number: 15079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2017
Sold by
Baxter Ted W
Bought by
Baxter Ted W and Ted W Baxter Living Trust
Current Estimated Value
$8,529,998

Purchase Details

Listed on
Mar 9, 2015
Closed on
Oct 16, 2015
Sold by
Lee Randall S and Lee Joyce A
Bought by
Baxter Ted W
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Coleen Brennan
Engel & Völkers Newport Beach
List Price
$4,795,000
Sold Price
$4,300,000
Premium/Discount to List
-$495,000
-10.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$2,300,000
Outstanding Balance
$1,808,388
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$6,721,610

Purchase Details

Closed on
Oct 18, 2006
Sold by
Lee Randall S and Lee Joyce Ann
Bought by
Lee Randall S and Lee Joyce A

Purchase Details

Closed on
May 4, 2001
Sold by
Taylor Woodrow Homes Inc
Bought by
Lee Randall S and Lee Joyce Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
6.51%
Mortgage Type
Stand Alone First
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
Baxter Ted W -- None Available
Baxter Ted W $4,300,000 Bnt Title Company Of Ca
Lee Randall S -- None Available
Lee Randall S -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baxter Ted W $2,300,000
Previous Owner Lee Randall S $937,500
Closed Lee Randall S $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2015 10/19/15 Sold $4,300,000 -4.2% $977 / Sq Ft
08/16/2015 08/16/15 Pending -- -- --
06/29/2015 06/29/15 Price Changed $4,488,000 -0.2% $1,020 / Sq Ft
06/22/2015 06/22/15 Price Changed $4,495,000 -2.2% $1,022 / Sq Ft
05/08/2015 05/08/15 Price Changed $4,595,000 -2.1% $1,044 / Sq Ft
04/08/2015 04/08/15 Price Changed $4,695,000 -2.1% $1,067 / Sq Ft
03/09/2015 03/09/15 For Sale $4,795,000 -- $1,090 / 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 $53,884 $5,090,327 $3,842,706 $1,247,621
2024 $53,884 $4,990,517 $3,767,359 $1,223,158
2023 $52,708 $4,892,664 $3,693,489 $1,199,175
2022 $51,833 $4,796,730 $3,621,068 $1,175,662
2021 $50,274 $4,702,677 $3,550,067 $1,152,610
2020 $50,456 $4,654,457 $3,513,665 $1,140,792
2019 $49,592 $4,563,194 $3,444,770 $1,118,424
2018 $48,609 $4,473,720 $3,377,225 $1,096,495
2017 $48,597 $4,386,000 $3,311,004 $1,074,996
2016 $49,468 $4,300,000 $3,246,082 $1,053,918
2015 $26,419 $2,141,954 $1,169,576 $972,378
2014 $25,826 $2,099,997 $1,146,666 $953,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15049853

California Regional Multiple Listing Service (CRMLS)

APN: 478-151-16