NOT LISTED FOR SALE

Estimated Value: $8,457,000 - $9,730,000

5 Beds
5.5 Baths
5,048 Sq Ft
$1,829/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $5,550,000 $1,099 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $56,393/month

155 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Heated Spa
  • Newport Coast Elementary School Rated A
  • Gated with Attendant
  • Open Floorplan

About This Home

As of March 2020

Featuring some of the most dramatic unobstructed ocean vistas found in all of Southern California, this stunning Pelican Heights residence is the picture of opulence. Situated on a sprawling lot approximately 11,186 square feet in size, and spanning about 5,048 square feet of living space, it offers five bedrooms, five-and-one-half bathrooms, and abundant sit-down views stretching to Catalina Island, Palos Verdes and beyond. Elegant materials and finishes, including walnut parquet flooring, antique reclaimed French terracotta tiles and coffered ceilings throughout the home, establish a heightened sense of Old-world luxury, as does a wine cellar with room for 250 bottles. Outside the home, lush Mediterranean-inspired grounds designed by award-winning Molly Wood Garden Design offer the ultimate environment in which to entertain on any scale: Intimate gathering areas--plus a dining area, a sunning area, an outdoor wood-burning fireplace with built-in seating, and a dipping pool/spa with seating for 20 and a dramatic 6-spout water feature--ensure the very best in the indoor/outdoor lifestyle for which the coastal area is so beloved. Replete with a fountain, fruit trees, and grapes, the property’s massive side yard furthers the Europe vibe. A three-car garage and a lengthy driveway complete this exquisite property, which also enjoys amenities exclusive to the Newport Coast communities, including a community pool and spa, a club house, basketball courts and tennis courts

Last Agent to Sell the Property

Michael Fawaz

Compass License #01342829 Listed on: 09/30/2019

Compass

Last Buyer's Agent

Zhen De Shi

YANGTZE REALTY License #01942813

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,288

Year Built

  • Built in 2000

Lot Details

  • 0.26 Acre Lot
  • Glass Fence
  • Landscaped
  • Sprinkler System
  • Garden

HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Back Bay
  • Harbor
  • Panoramic
  • City Lights

Home Design

  • Mediterranean Architecture
  • Planned Development
  • Slab Foundation
  • Clay Roof

Interior Spaces

  • 5,048 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Double Pane Windows
  • French Doors
  • Wine Cellar
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Workshop
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Brick
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Home Security

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

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Balcony
  • Fireplace in Patio
  • Outdoor Grill

Schools

  • Newport Coast Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303308

Community Details

Overview

  • Pelican Heights Association, Phone Number (949) 363-1963
  • Bhe Management Corporation HOA

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails

Additional Features

  • Community Barbecue Grill
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,288

Year Built

Built in 2000

Lot Details

0

HOA Fees

$735 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated with Guard, Security System, Smoke Detector(s)
  • Subdivision Name Other: Montecito (MONT)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303308
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5048.00 Square Feet
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Granite Counters, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Brick, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Retreat, Patio
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1099.45
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Office, Retreat, Walk-In Closet, Walk-In Pantry, Wine Cellar, Workshop
  • Spa Features: Private, Association, Heated
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Walk-In Pantry

Exterior Features

  • Foundation: Slab
  • View: Back Bay, City Lights, Coastline, Harbor, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Glass
  • Pool Features: Association, Heated
  • Pool Private: No
  • Roof: Clay
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Dishwasher, Double Oven, Disposal, Microwave
  • Heating Type: Central, Zoned
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Playground, Tennis Court(s), Sport Court, Hiking Trails
  • Association Fee: 650.00
  • Association #2 Fee: 85.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Heights
  • Phone: 949.363.1963
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs
  • Association Management: BHE Management Corporation

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: NEWCOA
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 11186.00
  • Lot Size Acres: 0.2568

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11186.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 19
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2019
Closed on
Mar 6, 2020
Sold by
Ukropina Robert R and Ukropina Joyce C
Bought by
Chen Mike and Zhou Jiayin
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Zhen De Shi
YANGTZE REALTY
List Price
$5,950,000
Sold Price
$5,550,000
Premium/Discount to List
-$400,000
-6.72%
Current Estimated Value
$9,231,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,681,811
Avg. Annual Appreciation
9.19%

Purchase Details

Closed on
Jan 17, 2003
Sold by
Ukropina Robert R and Ukropina Joyce C
Bought by
Ukropina Robert R and Ukropina Joyce C

Purchase Details

Closed on
Apr 21, 2000
Sold by
Cph Newport Coast Llc
Bought by
Ukropina Robert R and Ukropina Joyce C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,567,284
Interest Rate
7.37%
Source: Public Records

Range of Values:

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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
Chen Mike $5,550,000 Western Resources Title Co
Ukropina Robert R -- --
Ukropina Robert R $1,959,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Mike $3,607,500
Previous Owner Ukropina Robert R $500,000
Previous Owner Ukropina Robert R $1,568,000
Previous Owner Ukropina Robert R $66,110
Previous Owner Ukropina Robert R $1,568,000
Previous Owner Ukropina Robert R $100,000
Previous Owner Ukropina Robert R $1,567,284
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $5,550,000 -6.7% $1,099 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
09/30/2019 09/30/19 For Sale $5,950,000 -- $1,179 / 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 $64,288 $6,069,733 $4,938,443 $1,131,290
2024 $64,288 $5,950,719 $4,841,611 $1,109,108
2023 $62,871 $5,834,039 $4,746,678 $1,087,361
2022 $61,829 $5,719,647 $4,653,606 $1,066,041
2021 $60,165 $5,607,498 $4,562,359 $1,045,139
2020 $29,767 $2,733,432 $1,858,546 $874,886
2019 $29,338 $2,679,836 $1,822,104 $857,732
2018 $28,760 $2,627,291 $1,786,377 $840,914
2017 $29,323 $2,575,776 $1,751,350 $824,426
2016 $31,293 $2,525,271 $1,717,010 $808,261
2015 $31,092 $2,487,340 $1,691,219 $796,121
2014 $30,407 $2,438,617 $1,658,090 $780,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19225655

California Regional Multiple Listing Service (CRMLS)

APN: 473-033-08