NOT LISTED FOR SALE

Estimated Value: $7,488,000 - $17,667,880

5 Beds
5.5 Baths
6,567 Sq Ft
$1,691/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $8,950,000 $1,363 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $72,810/month

22 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • Gated with Attendant
  • Harbor View Elementary School Rated A
  • Wine Cellar
  • 1-minute walk to Reef Point Park

About This Home

As of December 2016

Situated among the coastal hillsides of Newport Beach, Coral Crest at Crystal Cove offers an opportunity to live with the ocean in a way very few will ever experience. Whether driving up to your home with panoramic Pacific Ocean vistas in every direction or experiencing a breathtaking sunset from your backyard, at Coral Crest the ocean is always with you!

Coral Crest Residence 2 model home, professionally landscaped, decorated and furnished with amazing ocean and Catalina Island views. This 5 bedroom 5.5 bath, 6,567 square foot estate offers 12 foot ceilings downstairs and 9’ ceilings upstairs. The gourmet kitchen offers two oversized islands, a temperature controlled wine room and a second caterer’s kitchen with high end Wolf and Subzero appliances.

The generous great room includes sliding doors that open to a covered loggia overlooking the manicured back yard and a center courtyard, perfect for enjoying the cool ocean breezes. The master bedroom leads to an oversized view deck and offers dual master baths with highly upgraded finishes. The master bedroom closets’ include closet organizers. Warren Christopher hardwood floors throughout and much more.

Last Agent to Sell the Property

Jay Larson

You First Realty License #01488918 Listed on: 10/31/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $138,980

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 0.42 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Back Yard

HOA Fees

  • $615 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Catalina

Home Design

  • Spanish Architecture
  • Clay Roof

Interior Spaces

  • 6,567 Sq Ft Home
  • High Ceiling
  • Entrance Foyer
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Dining Room
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Walk-In Pantry
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

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

Outdoor Features

  • In Ground Spa
  • Covered patio or porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 15613
  • Assessor Parcel Number 48916133

Community Details

Overview

  • Keystone Pacific Association
  • Built by The New Home Company
  • 2Ar

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Additional Features

  • Outdoor Cooking Area
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$138,980

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$615 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: Model Furniture included at a $0 value and is "as is" condition at the end of the lease back term from the Builder
  • Other Phone Description: onsite sales
  • Other Phone Number: 949.273.6288
  • Property Attached: No
  • Security: Gated Community, Gated with Guard
  • Subdivision Name Other: Coral Crest
  • View: Yes
  • Architectural Style: Spanish
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 48916133
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6567.00 Square Feet
  • Interior Amenities: High Ceilings
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1362.87
  • Room Type: Foyer, Great Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Wine Cellar
  • Spa Features: In Ground
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: Catalina, Ocean
  • Fence: Yes
  • Fencing: Block
  • Builder Name: The New Home Company
  • Patio And Porch Features: Covered
  • Pool Features: Association
  • Pool Private: No
  • Roof: Clay
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Appliances: Dishwasher, Free-Standing Range, Tankless Water Heater
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Outdoor Cooking Area, Playground, Tennis Court(s), Gym/Ex Room
  • Association Fee: 615.00
  • Association Fee Frequency: Monthly
  • Association Name: Keystone Pacific
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18355.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 15613

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2017
Sold by
Markley John G and Markley Janice M
Bought by
Wang Wayne and Wang Huei Lee
Current Estimated Value
$10,975,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,825,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 31, 2016
Closed on
Nov 23, 2016
Sold by
The New Home Company Southern California
Bought by
Markley John G and Markley Janice M
Seller's Agent
Jay Larson
You First Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$9,099,800
Sold Price
$8,950,000
Premium/Discount to List
-$149,800
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.07%
Original Mortgage
$5,817,500
Interest Rate
3.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Wang Wayne $10,100,000 Old Republic Title Corp
Markley John G $8,950,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wang Wayne $6,825,000
Previous Owner Markley John G $5,817,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $8,950,000 -1.6% $1,363 / Sq Ft
11/22/2016 11/22/16 Pending -- -- --
10/31/2016 10/31/16 For Sale $9,099,800 -- $1,386 / 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
2024 $138,980 $12,472,087 $9,513,913 $2,958,174
2023 $123,886 $11,045,825 $9,327,366 $1,718,459
2022 $121,881 $10,829,241 $9,144,477 $1,684,764
2021 $119,524 $10,616,903 $8,965,173 $1,651,730
2020 $118,657 $10,508,040 $8,873,246 $1,634,794
2019 $116,453 $10,302,000 $8,699,260 $1,602,740
2018 $114,244 $10,100,000 $8,528,686 $1,571,314
2017 $102,059 $8,950,000 $7,405,698 $1,544,302
2016 $6,311 $116,470 $116,470 $0
2015 $6,240 $114,721 $114,721 $0
2014 $5,994 $112,474 $112,474 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16735964

California Regional Multiple Listing Service (CRMLS)

APN: 489-161-33