NOT LISTED FOR SALE

1702 Valdes Dr La Jolla, CA 92037

Estimated Value: $7,850,000 - $9,080,000

5 Beds
9 Baths
7,032 Sq Ft
$1,223/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $8,000,000 $1,138 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $55,294/month

127 Days on Market

Highlights

  • White Water Ocean Views
  • Heated In Ground Pool
  • Two Primary Bedrooms
  • La Jolla Elementary School Rated A
  • Solar Power System
  • Maid or Guest Quarters

About This Home

As of March 2022

WORLD CLASS VIEWS. There is nothing subtle about this view. It is bold, vibrant, majestic. This impressive hillside estate is singular in its beauty. With towering ceilings, soaring walls of glass, and splendid public and private rooms, it offers grace and comfort. All bedrooms are en suite and include two stately masters complete with living rooms, lavish baths, and ocean-view showers. Gorgeous library/office; gym; restaurant-style bar; elevator; solar and smart home systems, too. Outdoor living is delicious with extensive decking, huge living areas, outdoor kitchen, and the resort-style pool. Offers peaceful seclusion and the best views imaginable. In 2020 the home was upgraded to a smart system which includes the Lutron lighting system. Through the use of an App one can control the lights, televisions, the air and heat system (4 zones); pool and spa, and the garage doors. There are two master bedrooms each with heated floors in the master bathrooms. There is a whole house solar system. The home has beautiful Italian Limestone and Brazilian Cherry wood floors and the kitchen is equipped with high end appliances.

Last Agent to Sell the Property

Susana Corrigan

Berkshire Hathaway HomeServices California Properties License #00837598 Listed on: 09/13/2021

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Patty Cohen

Berkshire Hathaway HomeServices California Properties License #01340902

Last Buyer's Agent

Guy Ravid

Palisade Realty Inc License #02131934

Palisade Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $102,247

Year Built

  • Built in 2011

Lot Details

  • 0.35 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Landscaped
  • Steep Slope
  • Private Yard
  • Property is zoned R-1:SINGLE

Parking

  • 3 Car Attached Garage
  • Two Garage Doors
  • Driveway

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Stucco Exterior

Interior Spaces

  • 7,032 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wired For Data
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • 5 Fireplaces
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Area
  • Home Office
  • Library
  • Storage Room
  • Home Gym

Kitchen

  • Breakfast Area or Nook
  • Double Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Double Master Bedroom
  • Walk-In Closet
  • Maid or Guest Quarters
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Dryer

Home Security

  • Security System Owned
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Solar Power System
  • Drip Irrigation

Pool

  • Heated In Ground Pool
  • Gas Heated Pool
  • Pool Equipment or Cover
  • In Ground Spa

Outdoor Features

  • Living Room Balcony
  • Outdoor Fireplace
  • Outdoor Grill

Location

  • West of 5 Freeway

Utilities

  • Zoned Heating and Cooling
  • Natural Gas Connected
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 350-552-11-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$102,247

Year Built

Built in 2011

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Market Area: Coastal South
  • Cross Street: Mecca Drive
  • Neighborhood: Hillside
  • Supplement: In 2020 the home was upgraded to a smart system which includes the Lutron lighting system. Through the use of an App one can control the lights, televisions, the air and heat system (4 zones); pool and spa, and the garage doors. There are two master bedrooms each with heated floors in the master bathrooms. There is a whole house solar system. The home has beautiful Italian Limestone and Brazilian Cherry wood floors and the kitchen is equipped with high end appliances.
  • Estimated Living Space: 5,000 to 7,499 SqFt
  • LP / Sq Ft: 1258.53
  • Miscellaneous: Elevators/Stairclimber
  • Price Per Sq Ft: 1137.66
  • Residential Unit Location: Detached
  • SP/ Sq Ft: 1137.66
  • Stories: 3 Story
  • Ownership: Fee Simple
  • Total Stories: 3
  • Year Built: 2011
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Balcony, Bathtub, Built-Ins, High Ceilings (9 Feet+), Home Automation System, Living Room Balcony, Living Room Deck Attached, Recessed Lighting, Shower, Storage Space, Two Story Ceilings, Cathedral-Vaulted Ceiling, Kitchen Open To Family Rm
  • Flooring: Stone, Wood
  • Equipment Available: Dishwasher, Dryer, Pool/Spa/Equipment, Refrigerator, Solar Panels, 6 Burner Stove, Built In Range, Convection Oven, Double Oven, Gas Stove, Range/Stove Hood, Barbecue, Gas Range, Gas Cooking
  • Elevator: Yes
  • Fireplaces: 5
  • Fireplace: Fp In Family Room, Fp In Living Room, Fp In Master Br, Patio/Outdoors, Master Retreat
  • Searchable Rooms: Breakfast Area, Dining Area, Exercise Room, Family Room, Formal Entry, Guest Maid, Library, Master Bdrm 2, Master Retreat, Office, Optional Bedrooms, Storage Room, Retreat, Kitchen, Living Room, Master Bedroom, Laundry, Master Bathroom, Walk-In Closet
  • Total Bedrooms: 5
  • Bedrooms: 5
  • Master Bedroom Dimensions: 29x16
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Laundry Location: Laundry Room
  • Estimated Sq Ft: 7032
  • Total Bathrooms: 9

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Patio: Balcony, Deck
  • Pool: Below Ground, Private, Heated
  • Pool Heat: Gas
  • Spa: Private Below Ground
  • Spa Heat: Gas
  • View: Evening Lights, Ocean, Panoramic, Panoramic Ocean, Water, Coastline, White Water
  • Exclusive Use Yard: Yes

Garage/Parking

  • Garage Details: Attached, Garage - Two Door
  • Garage Spaces: 3
  • Non Garage Parking: Driveway
  • Garage Spaces: 2
  • Parking Spaces Total: 5

Utilities

  • Cooling: Central Forced Air, Zoned Area(s)
  • Security: Eqpt Owned, Security System, Smoke Detector, Carbon Monoxide Detectors
  • Sewer/Septic: Sewer Connected, Public Sewer
  • Water: Meter on Property, Public
  • Water Heater Type: Gas
  • Heating: Zoned Areas, Forced Air Unit
  • Heating Fuel: Natural Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LA JOLLA

Lot Info

  • Irrigation: Drip
  • Lot Size: .25 to .5 AC
  • Site: Cul-De-Sac, Public Street, Street Paved, West of I-5, Landscaped
  • Topography: Slope Steep
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 350-552-11-00
  • Estimated Lot Sq Ft: 15092
  • Estimated Number of Acres: 0.35
  • Map Code Column: G
  • Map Code Page: 1227
  • Map Code Row: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Feb 10, 2022
Sold by
Valdes 1702 Llc
Bought by
Mukhaelyan Armen and Rosen Dunyelle
Seller's Agent
Susana Corrigan
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Guy Ravid
Palisade Realty Inc
List Price
$9,275,000
Sold Price
$8,000,000
Premium/Discount to List
-$1,275,000
-13.75%
Current Estimated Value
$8,600,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,878
Avg. Annual Appreciation
2.10%
Original Mortgage
$5,200,000
Outstanding Balance
$4,757,910
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$3,842,968

Purchase Details

Closed on
Jun 1, 2012
Sold by
Al Kourainy Kousay A and Al Kourainy Mary A
Bought by
Valdes 1702 Llc

Purchase Details

Closed on
Nov 29, 2011
Sold by
Georgis William T
Bought by
Georgis William T

Purchase Details

Closed on
Mar 30, 2009
Sold by
Georgis William T
Bought by
Georgis William T

Purchase Details

Closed on
Nov 27, 2007
Sold by
Equity Funding Group Lp
Bought by
Al Kourainy Kousay A and Al Kourainy Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 15, 2007
Sold by
Nikbakht Freydoon and Esmaili Hajar
Bought by
Equity Funding Group Lp

Purchase Details

Closed on
Apr 23, 2004
Sold by
Nikbakht Freydoon and Esmaili Hajar
Bought by
Nikbakht Freydoon and Esmaili Hajar

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
5.99%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 14, 2003
Sold by
Nikbakht Freydoon and Esmaili Hajar
Bought by
Nikbakht Freydoon and Esmaili Hajar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 27, 2002
Sold by
Nikbakht Freydoon and Esmaili Hajar
Bought by
Nikbakht Freydoon and Esmaili Hajar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
5.75%

Purchase Details

Closed on
Jun 22, 2002
Sold by
Nikbakht Freydoon and Esmaili Hajar
Bought by
Nikbakht Freydoon and Esmaili Hajar

Purchase Details

Closed on
Jan 22, 1999
Sold by
Damon Ian M
Bought by
Nikbakht Freydoon and Esmaili Hajar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
7.37%

Purchase Details

Closed on
Apr 29, 1991

Purchase Details

Closed on
Aug 30, 1988
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
Mukhaelyan Armen $8,000,000 California Title Company
Valdes 1702 Llc -- None Available
Georgis William T -- None Available
Georgis William T -- None Available
Al Kourainy Kousay A $3,300,000 First American Title
Equity Funding Group Lp $1,454,233 United Title Company
Nikbakht Freydoon -- Financial Title Company
Nikbakht Freydoon -- Financial Title Company
Nikbakht Freydoon -- Southland Title
Nikbakht Freydoon -- Southland Title
Nikbakht Freydoon -- United Title Company
Nikbakht Freydoon -- --
Nikbakht Freydoon $1,750,000 Commonwealth Land Title Co
-- $2,200,000 --
-- $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mukhaelyan Armen $5,200,000
Previous Owner Valdes 1702 Llc $631,500
Previous Owner Valdes 1702 Llc $2,744,500
Previous Owner Valdes 1702 Llc $2,310,000
Previous Owner Valdes 1702 Llc $1,000,000
Previous Owner Al Kourainy Kousay A $2,310,000
Previous Owner Al Kourainy Kousay A $1,000,000
Previous Owner Al Kourainy Kousay A $2,310,000
Previous Owner Nikbakht Freydoon $435,000
Previous Owner Nikbakht Mohammad J $200,000
Previous Owner Nikbakht Freydoon $1,100,000
Previous Owner Nikbakht Freydoon $250,000
Previous Owner Nikbakht Freydoon $500,000
Previous Owner Nikbakht Freydoon $2,100,000
Previous Owner Nikbakht Freydoon $1,870,000
Previous Owner Nikbakht Freydoon $1,860,000
Previous Owner Nikbakht Freydoon $402,000
Previous Owner Nikbakht Freydoon $1,225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $8,000,000 -9.6% $1,138 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
10/07/2021 10/07/21 Price Changed $8,850,000 -4.6% $1,259 / Sq Ft
09/13/2021 09/13/21 For Sale $9,275,000 -- $1,319 / Sq Ft
Source: San Diego MLS

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 $102,247 $8,489,663 $5,518,281 $2,971,382
2024 $102,247 $8,323,200 $5,410,080 $2,913,120
2023 $100,001 $4,706,349 $2,801,540 $1,904,809
2022 $57,279 $4,706,349 $2,801,540 $1,904,809
2021 $56,887 $4,614,068 $2,746,608 $1,867,460
2020 $56,196 $4,566,757 $2,718,445 $1,848,312
2019 $55,192 $4,477,214 $2,665,143 $1,812,071
2018 $51,591 $4,389,427 $2,612,886 $1,776,541
2017 $50,367 $4,303,360 $2,561,653 $1,741,707
2016 $49,574 $4,218,981 $2,511,425 $1,707,556
2015 $48,841 $4,155,609 $2,473,702 $1,681,907
2014 $48,066 $4,074,207 $2,425,246 $1,648,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 210026033

San Diego MLS

APN: 350-552-11