NOT LISTED FOR SALE

Estimated Value: $5,662,624

4 Beds
5 Baths
3,498 Sq Ft
$1,619/Sq Ft Est. Value

Highlights

  • Ocean View
  • Updated Kitchen
  • Clubhouse
  • Newport Coast Elementary School Rated A
  • Multi-Level Bedroom
  • 4-minute walk to Coastal Peak Park

About This Home

As of October 2022

Welcome home to this ultra private and completely re designed Spanish Revival villa located in the guard gated community of Pacific Ridge, Newport Coast. This 3498 sq ft coastal estate graces a prime 6,739 sq ft expansive corner site punctuated by 180 degree picturesque ocean, sunset, and mountain views. A private gate welcomes you into a serene wrap around newly hardscaped Entertainers dream yard consisting of NEW built in BBQ with all new sink and grill, fire pit and fireplace area where you can dine alfresco and enjoy Newport Coast living. A grand front door welcomes you to this immaculate, contemporary designed residence encompassing 5 bedrooms 5 and one half bathrooms. Sophisticated open living spaces framed by French Doors open to the rear and front courtyard. This refined estate offers a main level guest suite, office, two living room areas, dining room with walk in wine cellar, NEW gourmet kitchen with all NEW Italian Cabinetry, Sub Zero fridge, 6 burner Wolf oven, built in coffee maker. The second level offers two secondary bedroom suites; and the primary suite with luxurious marble clad separate his and hers sinks, beautifully appointed custom built in Italian cabinetry closet, and a view deck showcasing the expansive vistas. Through the courtyard with a private entrance welcomes a 5th bedroom casita showcasing expansive ocean views. Other notables include a 2 car garage with expoy finish. Pelican Ridge is a 24 hour guard gated community where residents can enjoy access to the exclusive community pools, clubhouses and playgrouds, and award winning Newport Coast schools.

Last Agent to Rent the Property

Melissa Sorensen

Compass License #02008375 Listed on: 08/24/2022

Compass

Last Renter's Agent

Mary Reinl

CENTURY 21 CITRUS REALTY INC License #01226630

CENTURY 21 CITRUS REALTY INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,430

Year Built

  • Built in 2005

Lot Details

  • 6,739 Sq Ft Lot
  • End Unit
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Hills
  • Neighborhood

Interior Spaces

  • 3,498 Sq Ft Home
  • 2-Story Property
  • Furniture Can Be Negotiated
  • Beamed Ceilings
  • Family Room with Fireplace
  • Dining Room

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Cabinet Doors

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Multi-Level Bedroom
  • Remodeled Bathroom
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Additional Features

  • Outdoor Fireplace
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $40,000
  • Rent includes association dues, gardener
  • 12-Month Minimum Lease Term
  • Available 8/29/22
  • Tax Lot 42
  • Tax Tract Number 16462
  • Assessor Parcel Number 47846442

Community Details

Overview

  • Property has a Home Owners Association
  • $500 HOA Transfer Fee
  • Belcara Subdivision

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,430

Year Built

Built in 2005

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2022-08-29
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 500
  • Deposit Security: 40000
  • Furnished: Negotiable
  • Transfer Fees: 500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Belcara (PRBC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 47846442
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3498.00 Square Feet
  • Interior Amenities: Beamed Ceilings
  • Stories: 2
  • Common Walls: End Unit, No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room, Outside
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 4.72
  • Room Type: Main Floor Bedroom, Multi-Level Bedroom
  • Bathroom Features: Remodeled
  • Room Kitchen Features: Kitchen Island, Quartz Counters, Remodeled Kitchen, Self-Closing Cabinet Doors

Exterior Features

  • View: Hills, Neighborhood, Ocean
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Clubhouse, Guard
  • Senior Community: No
  • Community Features: Storm Drains, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6739.00
  • Lot Size Acres: 0.1547

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 6739.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 42
  • Tax Tract Number: 16462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2022
Sold by
Sara Carbasian
Bought by
Snm2 Corp
Current Estimated Value
$5,662,624

Purchase Details

Closed on
Aug 15, 2006
Sold by
Sarbasi Sanaz Sara and Tabatabai Mohammad
Bought by
Sarbasi Sanaz Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,152,500
Interest Rate
7.35%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 29, 2005
Sold by
Taylor Woodrow Homes Inc
Bought by
Tabatabai Mohammad and Sarbasi Sanaz Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,392
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving
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
Snm2 Corp -- First American Title
Sarbasi Sanaz Sara -- Financial Title Co Gardena
Tabatabai Mohammad $1,945,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarbasi Sanaz $250,000
Previous Owner Sarbasi Sanaz Sara $2,152,500
Previous Owner Sarbasi Sanaz Sara $817,500
Previous Owner Tabatabai Mohammad $275,000
Previous Owner Tabatabai Mohammad $56,392
Previous Owner Tabatabai Mohammad $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2022 10/01/22 Rented $16,500 -8.3% --
09/26/2022 09/26/22 Under Contract -- -- --
08/24/2022 08/24/22 Price Changed $18,000 +12.5% $5 / Sq Ft
08/24/2022 08/24/22 For Rent $16,000 +102.5% --
03/09/2018 03/09/18 Rented $7,900 0.0% --
02/16/2018 02/16/18 Price Changed $7,900 -22.5% $2 / Sq Ft
02/04/2018 02/04/18 Price Changed $10,200 -6.4% $3 / Sq Ft
01/29/2018 01/29/18 Price Changed $10,900 -8.4% $3 / Sq Ft
01/23/2018 01/23/18 For Rent $11,900 +72.0% --
06/05/2017 06/05/17 Rented $6,917 -12.4% --
05/22/2017 05/22/17 Price Changed $7,900 -7.1% $2 / Sq Ft
04/20/2017 04/20/17 For Rent $8,500 0.0% --
03/23/2017 03/23/17 Off Market $8,500 -- --
03/14/2017 03/14/17 For Rent $8,500 0.0% --
10/09/2015 10/09/15 Rented $8,500 -4.5% --
06/05/2015 06/05/15 For Rent $8,900 -- --
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
2024 $30,430 $3,745,440 $2,808,182 $937,258
2023 $41,513 $3,672,000 $2,753,119 $918,881
2022 $29,064 $2,505,330 $1,748,701 $756,629
2021 $28,604 $2,456,206 $1,714,412 $741,794
2020 $28,586 $2,431,021 $1,696,833 $734,188
2019 $28,542 $2,383,354 $1,663,561 $719,793
2018 $28,057 $2,336,622 $1,630,942 $705,680
2017 $28,126 $2,290,806 $1,598,962 $691,844
2016 $27,076 $2,245,889 $1,567,610 $678,279
2015 $26,403 $2,212,154 $1,544,063 $668,091
2014 $25,806 $2,168,821 $1,513,816 $655,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22184475

California Regional Multiple Listing Service (CRMLS)

APN: 478-464-42