Seller's Agent in 2012
John Cain
Pacific Sothebys
(714) 655-8940
26 in this area
212 Total Sales
17 Sailcrest Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $8,336,000 - $18,532,592
5
Beds
8
Baths
10,350
Sq Ft
$1,147/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Private Pool
- Mediterranean Architecture
- Newport Coast Elementary School Rated A
- Retreat
- Living Room
About This Home
As of January 2012AMAZING OPPORTUNITY! Spanning 3 generous levels & showcasing unparalleled views of the ocean, city lights, Newport harbor, coastline, Palos Verdes, & beyond, this magnificent residence offers an eminently livable floor plan of approx 10,400 sf w/ 5 beds, 8 baths & a host of indoor/outdoor entertaining amenities. Equipped w/ an 11-seat home theater, wine cellar, gym w/ juicebar, steam shower, main level game room + bar, numerous loggias & decks, built-in BBQ, gardens, & a custom pool and spa, the home is the ideal venue for small or large social gatherings. Inside the home, revel in fine interior finishes, incl. marble & wood flooring, custom millwork, coffered ceilings, arched glass windows, and Lalique glass sinks. Other highlights include: his/her offices, integrated music/ lighting system, central vac, elevator & 6-car garage.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01467294 Listed on: 08/10/2011
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $106,731
Year Built
- Built in 2001
Lot Details
- 0.4 Acre Lot
Parking
- 6 Car Garage
Property Views
- White Water Ocean
- Harbor
- Catalina
- City Lights
Home Design
- Mediterranean Architecture
- Spanish Tile Roof
- Clay Roof
- Stucco
Interior Spaces
- 10,350 Sq Ft Home
- Elevator
- Fireplace With Gas Starter
- Living Room
- Dining Room
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
- Retreat
- Primary Bedroom on Main
Pool
- Private Pool
- Spa
Utilities
- Central Heating and Cooling System
- Sewer on Bond
Community Details
- Property has a Home Owners Association
- Custom
Listing and Financial Details
- Tax Lot 32
- Tax Tract Number 15105
- Assessor Parcel Number 47308308
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2011
Closed on
Dec 16, 2011
Sold by
Cm Chen Foundation Inc
Bought by
Elsharkawy Mahmoud and Zanaty Madeha
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$8,999,000
Sold Price
$8,100,000
Premium/Discount to List
-$899,000
-9.99%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,770,864
Avg. Annual Appreciation
2.26%
Original Mortgage
$5,395,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2008
Sold by
Eastern Horizon Llc
Bought by
Cm Chen Foundation Inc
Purchase Details
Closed on
Apr 1, 2005
Sold by
Merhab Mark E and Merhab Donna Bower
Bought by
Eastern Horizon Llc
Purchase Details
Closed on
Sep 13, 2001
Sold by
Floyd Loupot Consultants Inc
Bought by
Merhab Mark E and Merhab Donna Bower
Purchase Details
Closed on
Apr 9, 1998
Sold by
Irvine Community Development Company
Bought by
Floyd Loupot Consultants Inc and K J I Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$789,750
Interest Rate
7.07%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Elsharkawy Mahmoud | $8,100,000 | Advantage Title Inc | |
| Cm Chen Foundation Inc | -- | Civic Center Title Services | |
| Eastern Horizon Llc | $8,900,000 | Southland Title Corporation | |
| Merhab Mark E | -- | Stewart Title Company | |
| Floyd Loupot Consultants Inc | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Elsharkawy Mahmoud | $5,000,000 | |
| Open | Elsharkawy Mahmoud | $9,000,000 | |
| Closed | Elsbarkaway Mahmoud | $700,000 | |
| Closed | Elsharkawy Mahmoud | $5,000,000 | |
| Closed | Elsharkawy Mahmoud | $5,395,000 | |
| Previous Owner | Eastern Horizon Llc | $6,000,000 | |
| Previous Owner | Floyd Loupot Consultants Inc | $2,800,900 | |
| Previous Owner | Floyd Loupot Consultants Inc | $789,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/28/2012 01/28/12 | Sold | $8,100,000 | -10.0% | $783 / Sq Ft |
| 01/26/2012 01/26/12 | Pending | -- | -- | -- |
| 11/26/2011 11/26/11 | For Sale | $8,999,000 | +11.1% | $869 / Sq Ft |
| 11/22/2011 11/22/11 | Off Market | $8,100,000 | -- | -- |
| 10/27/2011 10/27/11 | For Sale | $8,999,000 | +11.1% | $869 / Sq Ft |
| 10/21/2011 10/21/11 | Off Market | $8,100,000 | -- | -- |
| 10/17/2011 10/17/11 | Pending | -- | -- | -- |
| 10/15/2011 10/15/11 | For Sale | $8,999,000 | 0.0% | $869 / Sq Ft |
| 09/20/2011 09/20/11 | Pending | -- | -- | -- |
| 09/20/2011 09/20/11 | For Sale | $8,999,000 | +11.1% | $869 / Sq Ft |
| 09/13/2011 09/13/11 | Off Market | $8,100,000 | -- | -- |
| 09/13/2011 09/13/11 | For Sale | $8,999,000 | +11.1% | $869 / Sq Ft |
| 09/02/2011 09/02/11 | Off Market | $8,100,000 | -- | -- |
| 08/10/2011 08/10/11 | For Sale | $8,999,000 | -- | $869 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $106,731 | $10,174,060 | $5,049,025 | $5,125,035 |
| 2024 | $106,731 | $9,974,569 | $4,950,024 | $5,024,545 |
| 2023 | $104,329 | $9,778,990 | $4,852,965 | $4,926,025 |
| 2022 | $102,610 | $9,587,246 | $4,757,809 | $4,829,437 |
| 2021 | $100,023 | $9,399,261 | $4,664,518 | $4,734,743 |
| 2020 | $99,780 | $9,302,884 | $4,616,689 | $4,686,195 |
| 2019 | $97,880 | $9,120,475 | $4,526,166 | $4,594,309 |
| 2018 | $95,930 | $8,941,643 | $4,437,418 | $4,504,225 |
| 2017 | $95,005 | $8,766,317 | $4,350,410 | $4,415,907 |
| 2016 | $96,668 | $8,594,429 | $4,265,108 | $4,329,321 |
| 2015 | $95,870 | $8,465,333 | $4,201,042 | $4,264,291 |
| 2014 | $93,624 | $8,299,509 | $4,118,749 | $4,180,760 |
Source: Public Records
Agents Affiliated with this Home
-
John Cain
-
NoEmail NoEmail
N
Buyer's Agent in 2012
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
5,837 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: S669748
APN: 473-083-08
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