NOT LISTED FOR SALE

Estimated Value: $6,324,000 - $8,302,000

5 Beds
4.5 Baths
4,283 Sq Ft
$1,673/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $3,640,000 $850 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $41,967/month

55 Days on Market

Highlights

  • In Ground Spa
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Corona del Mar Middle and High School Rated A
  • 0.36 Acre Lot
  • Wood Flooring

About This Home

As of May 2016

This elegant traditional home is one of only four homes on a quiet cul-de-sac in Newport Beach's premier family neighborhood, The Port Streets. The spacious floor plan boasts a grand entry with 20' high vaulted ceilings in the foyer, piano parlor, and living room. A gracious family room is adjacent to the newly remodeled kitchen with center island workstation and breakfast nook. The first floor is further complimented with a large formal dining room, bedroom with ensuite bathroom, laundry and powder room. The upstairs is highlighted by the expansive master suite with fireplace, his & her closets, and large bathroom. An office/library with extensive built-ins and three more bedrooms complete the second level. Other features of this move-in ready home include Richard Marshall walnut floors, crown moulding throughout and over-sized 3 car garage. The high point of the property is surely the 15,500 SF flat lot! The resort-like grounds include a pool, spa, built-in BBQ, conversation fire pit, stone fireplace and large lawn. The entire property must be seen to fully grasp its entirety. Neighborhood amenities include the community pool & clubhouse, sports parks, greenbelt and award winning Andersen Elementary School.

Last Agent to Sell the Property

Rob Montgomery

Arbor Real Estate License #01110479 Listed on: 02/02/2016

Arbor Real Estate

Last Buyer's Agent

Rebecca Anderson

Surterre Properties Inc. License #01913892

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,771

Year Built

  • Built in 1995

Lot Details

  • 0.36

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3 Car Garage

Interior Spaces

  • 4,283 Sq Ft Home
  • Entryway
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Outdoor Fireplace
  • Fire Pit
  • Exterior Lighting

Additional Features

  • 0.36 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 14533
  • Assessor Parcel Number 45814215

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,771

Year Built

Built in 1995

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Harbor View Homes (HVHM)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45814215
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4283.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Fire Pit, Living Room, Master Bedroom, Outside
  • Levels: Two
  • Price Per Square Foot: 849.87
  • Room Type: Entry, Family Room, Great Room, Living Room, Main Floor Bedroom, Master Suite
  • Spa Features: In Ground

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 100.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 15500.00
  • Price Per Lot Square Foot: 234.84
  • Lot Size Acres: 0.3560

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15500.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 14533

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2016
Closed on
May 3, 2016
Sold by
Cashion Allen L and Cashion Pamela J
Bought by
Albakri Hassan and Albakri Amina
Seller's Agent
Rob Montgomery
Arbor Real Estate
Buyer's Agent
Rebecca Anderson
Surterre Properties Inc.
List Price
$3,895,000
Sold Price
$3,640,000
Premium/Discount to List
-$255,000
-6.55%
Current Estimated Value
$7,164,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,524,870
Avg. Annual Appreciation
7.50%
Original Mortgage
$1,900,000
Outstanding Balance
$1,455,512
Interest Rate
2.55%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,709,358

Purchase Details

Closed on
Nov 22, 2005
Sold by
Cashion Allen and Cashion Pamela
Bought by
Cashion Allen L and Cashion Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
6.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 20, 2004
Sold by
Rhodes Thomas W and Rhodes Michelle A
Bought by
Cashion Allen and Cashion Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 1995
Sold by
Newport Ventures Lp
Bought by
Rhodes Thomas W and Rhodes Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
7.92%
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
Albakri Hassan $3,640,000 Ticor Title Company
Cashion Allen L -- Stewart Title California Inc
Cashion Allen -- Stewart Title Irvine
Rhodes Thomas W -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albakri Hassan $1,900,000
Previous Owner Cashion Allen L $875,000
Previous Owner Cashion Allen $450,000
Previous Owner Rhodes Thomas W $575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2016 05/31/16 Sold $3,640,000 -6.5% $850 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $3,895,000 -- $909 / 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 $44,771 $4,427,196 $3,477,954 $949,242
2024 $44,771 $4,224,529 $3,409,759 $814,770
2023 $43,724 $4,141,696 $3,342,901 $798,795
2022 $40,471 $3,819,900 $3,060,000 $759,900
2021 $39,693 $3,745,000 $3,000,000 $745,000
2020 $41,952 $3,940,052 $3,180,146 $759,906
2019 $41,266 $3,862,797 $3,117,791 $745,006
2018 $40,449 $3,787,056 $3,056,657 $730,399
2017 $39,740 $3,712,800 $2,996,722 $716,078
2016 $30,450 $2,838,852 $2,178,252 $660,600
2015 $28,901 $2,676,000 $2,080,635 $595,365
2014 $27,008 $2,507,310 $1,911,945 $595,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16022158

California Regional Multiple Listing Service (CRMLS)

APN: 458-142-15