Seller's Agent in 2019
Paul Daftarian
Luxe Real Estate
(714) 865-5969
92 in this area
242 Total Sales
2 Kingsport Dr Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $8,677,000 - $9,965,870
5
Beds
5.5
Baths
5,593
Sq Ft
$1,663/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Home Theater
- Open Floorplan
- Newport Coast Elementary School Rated A
- Gated Parking
- Mountain View
About This Home
As of May 2019Rarely offered in Newport Coast and elegantly poised on a corner lot in the prestigious guard gated community of Pelican Ridge Estates, this single story custom estate boasts approx. 5,600 sqft of remodeled living space complemented by an open floor plan and soaring 18ft ceilings. A gated, private driveway leads to the front door where one is greeted by a dramatic entry that adds a level of grandeur and elegance on par with the world class resort just down the road. Five bedrooms and an executive office are highlighted by an open floor-plan that creates seamless transitions between the family room, gourmet kitchen, and formal dining area. A low maintenance entertainer’s backyard complete with an oversized California room, outdoor kitchen, and fireplace provide the opportunity to celebrate large parties or host intimate gatherings. Close proximity to championship golf courses, Crystal Cove Beaches, Orange County’s premier shopping, and award winning schools complete this dream estate.
Last Agent to Sell the Property
Luxe Real Estate License #01317949 Listed on: 12/20/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $60,163
Year Built
- Built in 1996
Lot Details
- 0.44 Acre Lot
- Density is up to 1 Unit/Acre
HOA Fees
Parking
- 4 Car Direct Access Garage
- 10 Open Parking Spaces
- Attached Carport
- Parking Available
- Tandem Garage
- Single Garage Door
- Gated Parking
- RV Potential
Property Views
- Mountain
- Hills
- Neighborhood
Interior Spaces
- 5,593 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Cathedral Ceiling
- Family Room with Fireplace
- Home Theater
- Home Office
- Laundry Room
Kitchen
- Walk-In Pantry
- Double Oven
- Six Burner Stove
- Granite Countertops
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
- Walk-In Closet
- Granite Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Separate Shower
Schools
- Newport Coast Elementary School
- Corona Del Mar High School
Utilities
- Zoned Heating and Cooling
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 14038
- Assessor Parcel Number 47707131
Community Details
Overview
- First Service Residential Association, Phone Number (800) 428-5588
Amenities
- Picnic Area
- Clubhouse
- Banquet Facilities
- Recreation Room
Recreation
- Golf Course Community
- Tennis Courts
- Community Playground
- Community Pool
- Community Spa
- Hiking Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 20, 2018
Closed on
Apr 19, 2019
Sold by
Digiorgio Vito Di and Di Giorgio D D
Bought by
The Bassi Family Trust
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Katrina Smith
Pinpoint Properties
List Price
$6,350,000
Sold Price
$5,100,000
Premium/Discount to List
-$1,250,000
-19.69%
Total Days on Market
111
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,200,468
Avg. Annual Appreciation
9.96%
Original Mortgage
$3,570,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 8, 1996
Sold by
Bramalea California Inc
Bought by
Newport Custom Estates Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| The Bassi Family Trust | $5,100,000 | None Available | |
| Newport Custom Estates Inc | $368,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bassi Family Trust | $3,422,000 | |
| Closed | Bassi Sohanjeet S | $3,570,000 | |
| Closed | The Bassi Family Trust | $3,570,000 | |
| Previous Owner | Digiorgio Vito | $625,500 | |
| Previous Owner | Digiorgio Vito | $1,000,000 | |
| Previous Owner | Digiorgio Vito | $729,750 | |
| Previous Owner | Digiorgio Vito | $997,000 | |
| Previous Owner | Digiorgio Vito | $1,000,000 | |
| Previous Owner | Digiorgio Vito | $650,000 | |
| Previous Owner | Digiorgio Vito | $200,000 | |
| Previous Owner | Digiorgio Vito | $700,000 | |
| Previous Owner | Degiorgio Vito | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2019 05/13/19 | Sold | $5,100,000 | -14.9% | $912 / Sq Ft |
| 04/10/2019 04/10/19 | Pending | -- | -- | -- |
| 01/29/2019 01/29/19 | Price Changed | $5,990,000 | -5.7% | $1,071 / Sq Ft |
| 12/20/2018 12/20/18 | For Sale | $6,350,000 | -- | $1,135 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $60,163 | $5,689,144 | $3,944,410 | $1,744,734 |
| 2024 | $60,163 | $5,577,593 | $3,867,069 | $1,710,524 |
| 2023 | $58,842 | $5,468,229 | $3,791,244 | $1,676,985 |
| 2022 | $57,869 | $5,361,009 | $3,716,906 | $1,644,103 |
| 2021 | $56,309 | $5,255,892 | $3,644,026 | $1,611,866 |
| 2020 | $56,321 | $5,202,000 | $3,606,661 | $1,595,339 |
| 2019 | $18,825 | $1,705,380 | $601,932 | $1,103,448 |
| 2018 | $18,460 | $1,671,942 | $590,130 | $1,081,812 |
| 2017 | $19,061 | $1,639,159 | $578,559 | $1,060,600 |
| 2016 | $20,759 | $1,607,019 | $567,215 | $1,039,804 |
| 2015 | $20,648 | $1,582,881 | $558,695 | $1,024,186 |
| 2014 | $20,181 | $1,551,875 | $547,751 | $1,004,124 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Daftarian
-
Victor Jimenez
Seller Co-Listing Agent in 2019
Victor Jimenez
Luxe Real Estate
(949) 922-5125
6 in this area
27 Total Sales
-
Katrina Smith
Buyer's Agent in 2019
Katrina Smith
Pinpoint Properties
(949) 291-7631
1 in this area
226 Total Sales
-
Laurie Kilcullen
Buyer Co-Listing Agent in 2019
Laurie Kilcullen
Compass
(714) 345-2075
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18294617
APN: 477-071-31
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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