NOT LISTED FOR SALE

Estimated Value: $4,161,000 - $6,931,000

4 Beds
2.5 Baths
2,686 Sq Ft
$1,891/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $2,950,000 $1,098 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $30,911/month

4 Days on Market

Highlights

  • Ocean View
  • Spa
  • Updated Kitchen
  • Newport Coast Elementary School Rated A
  • Gated Community
  • Dual Staircase

About This Home

As of May 2021

Newport Coast Exceptional View Home! Located within a private gated community of Tesoro on a premier corner lot, this home enjoys privacy, expansive views of the Pacific Ocean, Catalina Island, breathtaking sunsets and city lights.

Recently remodeled throughout, 2 Cavalleri boasts a grand two-story entry, living room with a double staircase. The large entertaining kitchen has Viking appliances, quartz countertops, built-in banquette and French doors that open to a spacious patio with a built-in barbecue. The adjoining family room has custom audio visual cabinetry, fireplace and Sub Zero wine refrigerator.

The sunny master suite is a perfect retreat, with a fireplace, large sun deck with beautiful views, Italian tile shower, double vanity, freestanding tub and a sizable walk-in closet. The second floor has two additional bedrooms that share a nicely updated bath. The laundry room is also conveniently located on the second floor with Whirlpool washer/dryer and utility sink. The fourth bedroom on the main floor is currently used as an office with built-in cabinets and bookcases.

Community amenities include the guard gate, 2 pools and spas, clubhouse, basketball and tennis courts, parks, Crystal Cove hiking trails. Tesoro is within close proximity to the Newport Coast Elementary school, shopping center, Crystal Cove State Beach, Fashion Island and all of the conveniences that make this a most desirable coastal enclave.

Last Agent to Sell the Property

Brad Hinman

Compass License #01186277 Listed on: 04/29/2021

Compass

Co-Listed By

Sara Hinman

Compass License #00596333

Last Buyer's Agent

Fang Yang

JC Pacific Corp License #02017432

JC Pacific Corp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,087

Year Built

  • Built in 1999

Lot Details

  • 5,423 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Front Yard

HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Automatic Gate

Property Views

  • Ocean
  • Coastline
  • Bay
  • Catalina
  • City Lights

Interior Spaces

  • 2,686 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Family Room with Fireplace
  • Living Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Six Burner Stove
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Spa
  • Deck
  • Covered Patio or Porch
  • Outdoor Grill

Schools

  • Newport Heights Elementary School
  • Corona Del Mar High School

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 15487
  • Assessor Parcel Number 47812113

Community Details

Overview

  • Tesoro Association, Phone Number (800) 428-5588
  • Newport Coast Community Assn. Association
  • First Service Residential HOA
  • Tesoro Crest Subdivision

Amenities

  • Picnic Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,087

Year Built

Built in 1999

Lot Details

0

HOA Fees

$389 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate, Gated Community
  • Subdivision Name Other: Tesoro Crest (TECT)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47812113
  • Year Built: 1999
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2686.00 Square Feet
  • Interior Amenities: 2 Staircases, Built-in Features
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1098.29
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Master Bedroom, Walk-In Closet
  • Spa Features: Association, Community
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Bay, Catalina, City Lights, Coastline, Ocean, Water
  • Patio And Porch Features: Covered, Deck, Patio
  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

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

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Dishwasher, Gas Cooktop, Refrigerator
  • 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
  • Association: Newport Coast Community Assn.
  • Amenities: Pool, Spa/Hot Tub, Picnic Area, Playground, Tennis Court(s), Sport Court, Hiking Trails, Clubhouse
  • Association Fee: 271.00
  • Association #2 Fee: 118.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Name: Tesoro
  • Phone: 800-428-5588
  • Senior Community: No
  • Community Features: Curbs, Hiking, Park, Sidewalks, Suburban
  • Association Management: First Service Residential

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Heights
  • High School: Corona Del Mar
  • Elementary School: Newport Heights
  • High School: Corona Del Mar
  • Elementary School #2: NEWHEI
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Cul-De-Sac, Front Yard, Landscaped, Level, Sprinkler System, Yard
  • Lot Size Sq Ft: 5423.00
  • Lot Size Acres: 0.1245
  • Latitude Manual: 33.60729200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5423.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 26
  • Tax Tract Number: 15487

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
May 14, 2021
Sold by
Macatee William F and William F Macatee Jr Revocable
Bought by
Yuan Ding
Seller's Agent
Brad Hinman
Compass
Buyer's Agent
Fang Yang
JC Pacific Corp
List Price
$2,799,000
Sold Price
$2,950,000
Premium/Discount to List
$151,000
5.39%
Current Estimated Value
$5,080,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,130,242
Avg. Annual Appreciation
9.38%

Purchase Details

Listed on
Apr 29, 2021
Closed on
May 12, 2021
Sold by
Li Di
Bought by
Yuan Ding
Seller's Agent
Brad Hinman
Compass
Buyer's Agent
Fang Yang
JC Pacific Corp
List Price
$2,799,000
Sold Price
$2,950,000
Premium/Discount to List
$151,000
5.39%

Purchase Details

Closed on
Jul 29, 2002
Sold by
Macatee William F
Bought by
Macatee William F and William F Macatee Jr Revocable Trust

Purchase Details

Closed on
Mar 4, 1999
Sold by
Standard Pacific Corp
Bought by
Macatee William F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.1%
Source: Public Records

Range of Values:

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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
Yuan Ding $2,950,000 Chicago Title Company
Yuan Ding -- Chicago Title Company
Macatee William F -- --
Macatee William F $846,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macatee William F $1,296,000
Previous Owner Macatee William F $200,000
Previous Owner Macatee William F $1,025,000
Previous Owner Macatee William F $1,100,000
Previous Owner Macatee William F $630,000
Previous Owner Macatee William F $250,000
Previous Owner Macatee William F $650,000
Closed Macatee William F $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $2,950,000 +5.4% $1,098 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $2,799,000 0.0% $1,042 / Sq Ft
03/15/2018 03/15/18 Rented $7,500 0.0% --
03/09/2018 03/09/18 Under Contract -- -- --
01/18/2018 01/18/18 For Rent $7,500 +15.4% --
01/23/2014 01/23/14 Rented $6,500 -7.1% --
01/23/2014 01/23/14 For Rent $7,000 -- --
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 $34,087 $3,193,174 $2,752,485 $440,689
2024 $34,087 $3,130,563 $2,698,514 $432,049
2023 $33,372 $3,069,180 $2,645,602 $423,578
2022 $32,817 $3,009,000 $2,593,727 $415,273
2021 $13,088 $1,225,866 $834,645 $391,221
2020 $13,432 $1,213,297 $826,087 $387,210
2019 $13,304 $1,189,507 $809,889 $379,618
2018 $13,046 $1,166,184 $794,009 $372,175
2017 $13,530 $1,143,318 $778,440 $364,878
2016 $14,865 $1,120,900 $763,176 $357,724
2015 $14,794 $1,104,064 $751,713 $352,351
2014 $14,468 $1,082,437 $736,988 $345,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21084218

California Regional Multiple Listing Service (CRMLS)

APN: 478-121-13