NOT LISTED FOR SALE

Estimated Value: $6,735,000 - $8,061,000

4 Beds
4.5 Baths
3,923 Sq Ft
$1,951/Sq Ft Est. Value

Last Sold October 26, 2018

Last sale price $4,637,500 $1,182 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $46,043/month

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • 3 Car Attached Garage
  • Newport Coast Elementary School Rated A
  • Community Pool
  • 4-minute walk to Vista Ridge View Park

About This Home

As of May 2020

Beautiful Newport Coast home with panoramic ocean and city views located in the exclusive and luxurious guard gated community of Perazul in Ocean Heights. Entering the home you'll walk through the entry gate into the first of three courtyards with koi pond and manicured landscape. Upon entering the home you'll walk into a formal living room and dining room with high ceilings and immense natural light. The kitchen has stainless steel Viking appliances and large center island as well as a secondary dining area. Both the family room and secondary dining area open to the rear yard designed perfectly for indoor/outdoor entertaining with its in-ground spa, fire pit, and covered patio with two outdoor TVs, bar, refrigerator, space for outdoor dining, and a 180 degree panoramic view of the coastline, Catalina, and city lights. On the main level you'll also find a bedroom with an en-suite bath, an additional powder room for guests. Upstairs you will find the three remaining bedrooms which include the master suite complete with fireplace, master bath with dual sinks separated by a soaking tub, a vanity area, walk-in shower, two walk-in closets, retreat area, and panoramic views off its deck. Completing the second floor are the two remaining bedrooms with en-suite baths and ocean view, study/loft area, and laundry room. Includes access to the community clubhouse & pools. Tenant pays for all utilities. Owner pays for gardener and spa/water feature maintenance.

Last Agent to Rent the Property

Chasin Prather

Chasin RE License #01447886 Listed on: 02/26/2020

Last Renter's Agent

Chasin Prather

Chasin RE License #01447886 Listed on: 02/26/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,847

Year Built

  • Built in 2001

Lot Details

  • 9,652

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Catalina
  • Hills

Interior Spaces

  • 3,923 Sq Ft Home
  • Family Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite

Schools

  • Newport Coast Elementary School

Additional Features

  • 9,652 Sq Ft Lot
  • Suburban Location
  • Central Air

Listing and Financial Details

  • Security Deposit $14,500
  • 12-Month Minimum Lease Term
  • Available 2/1/20
  • Tax Lot 3
  • Tax Tract Number 15394
  • Assessor Parcel Number 47817107

Community Details

Overview

  • Property has a Home Owners Association
  • Foothills
  • Greenbelt

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,847

Year Built

Built in 2001

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2020-02-01
  • Credit Check Paid By: Tenant
  • Deposit Security: 14500
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Other Phone Description: (949) 400-4275
  • Other Phone Number: (949) 400-42
  • Property Attached: No
  • Subdivision Name Other: Perazul
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 47817107
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3923.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.19
  • Room Type: Master Suite

Exterior Features

  • View: Catalina, Hills, Ocean
  • Pool Features: Association, Community
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Foothills, Suburban

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • Elementary School: Newport Coast
  • Elementary School #2: NEWCOA

Lot Info

  • Additional Parcels: No
  • Lot Features: Greenbelt
  • Lot Size Sq Ft: 9652.00
  • Lot Size Acres: 0.2216

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 9652.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 3
  • Tax Tract Number: 15394

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2024
Sold by
Yixin Li Living Trust
Bought by
Li Family Trust and Li
Current Estimated Value
$7,574,536

Purchase Details

Closed on
Aug 20, 2021
Sold by
Li Yixin
Bought by
Li Yixin and The Yixin Li Living Trust

Purchase Details

Closed on
Oct 1, 2019
Sold by
Li Yangming
Bought by
Li Yixin

Purchase Details

Listed on
Apr 19, 2018
Closed on
Oct 29, 2018
Sold by
Wu Qingyun
Bought by
Li Yangming
Seller's Agent
Pamela Spruce
Compass
Buyer's Agent
Dennis Lin
IRN REALTY
List Price
$5,295,000
Sold Price
$4,637,500
Premium/Discount to List
-$657,500
-12.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%

Purchase Details

Listed on
Apr 19, 2018
Closed on
Sep 26, 2018
Sold by
Clary Hugh Loring and Clary Renee
Bought by
Li Yangming
Seller's Agent
Pamela Spruce
Compass
Buyer's Agent
Dennis Lin
IRN REALTY
List Price
$5,295,000
Sold Price
$4,637,500
Premium/Discount to List
-$657,500
-12.42%

Purchase Details

Listed on
Jun 25, 2012
Closed on
Aug 6, 2012
Sold by
Swartz Peter
Bought by
Clary Hugh Loring and Clary Renee
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Lori Wright
Real Brokerage Technologies, Inc
List Price
$3,295,000
Sold Price
$3,175,000
Premium/Discount to List
-$120,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$150,000
Interest Rate
3.05%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 30, 2001
Sold by
Weiss Joseph B and Weiss Nancy S Cetel
Bought by
Spencer Karen and The Blackstone Trust

Purchase Details

Closed on
Nov 22, 2000
Sold by
Taylor Woodrow Homes Inc
Bought by
Weiss Joseph B and Weiss Nancy S Cetel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.5%
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
Li Family Trust -- None Listed On Document
Li Yixin -- None Available
Li Yixin -- Accommodation
Li Yangming -- None Available
Li Yangming $4,637,500 First American Title Co
Clary Hugh Loring $3,175,000 Western Resources Title
Spencer Karen $2,135,000 Chicago Title Co
Weiss Joseph B -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clary Hugh Loring $150,000
Previous Owner Clary Hugh Loring $1,940,000
Previous Owner Swartz Peter $1,500,000
Previous Owner Weiss Joseph B $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2020 05/24/20 Rented $12,500 -9.4% --
02/26/2020 02/26/20 For Rent $13,800 0.0% --
10/26/2018 10/26/18 Sold $4,637,500 -3.3% $1,159 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
09/11/2018 09/11/18 Price Changed $4,795,000 -5.9% $1,199 / Sq Ft
07/12/2018 07/12/18 Price Changed $5,095,000 -3.8% $1,274 / Sq Ft
04/19/2018 04/19/18 For Sale $5,295,000 +66.8% $1,324 / Sq Ft
09/06/2012 09/06/12 Sold $3,175,000 -3.6% $794 / Sq Ft
08/03/2012 08/03/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $3,295,000 -- $824 / 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 $54,847 $5,173,217 $3,956,031 $1,217,186
2024 $54,847 $5,071,782 $3,878,462 $1,193,320
2023 $53,647 $4,972,336 $3,802,414 $1,169,922
2022 $52,759 $4,874,840 $3,727,857 $1,146,983
2021 $51,183 $4,779,255 $3,654,761 $1,124,494
2020 $51,357 $4,730,250 $3,617,286 $1,112,964
2019 $50,476 $4,637,500 $3,546,358 $1,091,142
2018 $37,839 $3,467,390 $2,418,585 $1,048,805
2017 $38,020 $3,399,402 $2,371,161 $1,028,241
2016 $38,817 $3,302,748 $2,324,668 $978,080
2015 $38,537 $3,253,138 $2,289,749 $963,389
2014 $37,660 $3,189,414 $2,244,896 $944,518
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20019499

California Regional Multiple Listing Service (CRMLS)

APN: 478-171-07