NOT LISTED FOR SALE

Estimated Value: $5,228,000 - $5,933,000

3 Beds
2.5 Baths
2,100 Sq Ft
$2,594/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $3,400,000 $1,619 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $33,547/month

2 Days on Market

Highlights

  • Property is near a park
  • Main Floor Bedroom
  • Corner Lot
  • Abraham Lincoln Elementary School Rated A
  • Park or Greenbelt View
  • 1-minute walk to Irvine Terrace Park

About This Home

As of December 2020

Incredible opportunity in Corona del Mar's ocean-side community of IRVINE TERRACE! This premier oversized 10,800 sq ft CORNER LOT is impossible to duplicate. Enjoy beautiful sunset vistas. The options are endless to remodel, expand, and create your custom dream home. Soak in the luxury lifestyle throughout approximately 2,100 sq. ft. of living space with three bedrooms, two and one-half baths, large open indoor-outdoor living space, fireplace, laundry room, and an abundance of doors and windows to enhance the ambiance with soothing natural light. Facing west enjoy beautiful sunset vistas. The location is amplified by its close proximity to Irvine Terrace Park, CDM Village, Balboa Island, Newport Beach Country Club and Sherman Library and Gardens. Only a golf cart ride away from Newport Harbor, three yacht clubs, world class beaches, fine dining, and upscale shopping at Fashion Island and South Coast Plaza. Live in one of Orange County's most sought after neighborhoods.

Last Agent to Sell the Property

Leanne Boman

Berkshire Hathaway HomeService License #01456237 Listed on: 10/31/2020

Berkshire Hathaway HomeService

Last Buyer's Agent

Paul Hoffman

Compass License #01308042

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,440

Year Built

  • Built in 1958

Lot Details

  • 10,800 Sq Ft Lot
  • Corner Lot
  • Private Yard
  • Back Yard

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Planned Development

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Park or Greenbelt Views
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Additional Features

  • Property is near a park
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 2813
  • Assessor Parcel Number 05032114

Community Details

Overview

  • Irvine Terrace Association, Phone Number (949) 448-6183
  • First Service HOA
  • Irvine Terrace Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,440

Year Built

Built in 1958

Lot Details

0

HOA Fees

$48 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05032114
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2100.00 Square Feet
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1619.05
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Park/Greenbelt
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 48.00
  • Association Fee Frequency: Monthly
  • Association Name: Irvine Terrace
  • Phone: 949-448-6183
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Park, Sidewalks
  • Association Management: First Service

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Lot 10000-19999 Sqft, Park Nearby, Yard
  • Lot Size Sq Ft: 10800.00
  • Lot Size Acres: 0.2479

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10800.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 8
  • Tax Tract Number: 2813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2020
Closed on
Nov 3, 2020
Sold by
Allen Charles Matthew and Allen Tracy Philcox
Bought by
Tng Sz Llc
Seller's Agent
Leanne Boman
Berkshire Hathaway HomeService
Buyer's Agent
Paul Hoffman
Compass
List Price
$3,450,000
Sold Price
$3,400,000
Premium/Discount to List
-$50,000
-1.45%
Current Estimated Value
$5,448,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,048,343
Avg. Annual Appreciation
9.81%
Original Mortgage
$2,550,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2011
Sold by
Hibbard Kathryn
Bought by
Hibbard Douglas N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2011
Sold by
Phelps Karen and Hibbard Douglas N
Bought by
Allen Charles Matthew and Allen Tracy Philcox

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2010
Sold by
Phelps Karen and Hibbard Douglas N
Bought by
Hibbard Karen and Hibbard Douglas N

Purchase Details

Closed on
Jan 29, 2007
Sold by
Hibbard David N
Bought by
Hibbard David N and Trust A Portion Of The Hibbard Family Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2004
Sold by
Hibbard David N
Bought by
Hibbard David N and Trust B

Purchase Details

Closed on
Jul 29, 2003
Sold by
Hibbard David N and Hibbard Carolyn J
Bought by
Hibbard David N and Hibbard Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 24, 1993
Sold by
Hibbard David N and Hibbard Carolyn J
Bought by
Hibbard David N and Hibbard Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.74%
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
Tng Sz Llc $3,400,000 First Amer Ttl Co Santa Ana
Hibbard Douglas N -- California Title Company
Allen Charles Matthew $1,300,000 California Counties Title Co
Phelps Karen -- None Available
Hibbard Karen -- None Available
Phelps Karen -- None Available
Hibbard David N -- None Available
Hibbard David N -- Orange Coast Title
Hibbard David N -- --
Hibbard David N -- --
Hibbard David N -- Fidelity National Title
Hibbard David N -- Fidelity National Title
Hibbard David N -- --
Hibbard David N -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tng Sz Llc $4,209,000
Closed Tng Sz Llc $2,550,000
Previous Owner Allen Charles Matthew $700,000
Previous Owner Allen Charles Matthew $700,000
Previous Owner Hibbard David N $600,000
Previous Owner Hibbard David N $100,000
Previous Owner Hibbard David N $360,000
Previous Owner Hibbard David N $100,000
Previous Owner Hibbard David N $355,500
Previous Owner Hibbard David N $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $3,400,000 -1.4% $1,619 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/31/2020 10/31/20 For Sale $3,450,000 -- $1,643 / 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 $46,440 $4,903,788 $3,529,580 $1,374,208
2024 $46,440 $4,376,159 $3,460,373 $915,786
2023 $41,793 $3,950,437 $3,392,523 $557,914
2022 $36,844 $3,468,000 $3,326,003 $141,997
2021 $36,137 $3,400,000 $3,260,787 $139,213
2020 $16,394 $1,522,914 $1,375,721 $147,193
2019 $16,057 $1,493,053 $1,348,746 $144,307
2018 $15,738 $1,463,778 $1,322,300 $141,478
2017 $15,460 $1,435,077 $1,296,373 $138,704
2016 $15,114 $1,406,939 $1,270,954 $135,985
2015 $14,971 $1,385,806 $1,251,863 $133,943
2014 $14,619 $1,358,660 $1,227,340 $131,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20224412

California Regional Multiple Listing Service (CRMLS)

APN: 050-321-14