Seller's Agent in 2020
Paul Daftarian
Luxe Real Estate
(714) 865-5969
90 in this area
242 Total Sales
2 Pinnacle Point Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $8,872,000 - $8,999,701
4
Beds
4.5
Baths
4,176
Sq Ft
$2,139/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Clubhouse
- Main Floor Bedroom
- Newport Coast Elementary School Rated A
- Fireplace in Primary Bedroom
- Community Pool
About This Home
As of December 2020Rare Ocean View single story in highly sought after Pelican Ridge Estates. 2 Pinnacle is a semi-custom one story residence boasting an oversized pie shaped lot on one of the most desirable locations in the entire community. Sit-down ocean and west facing coastline views are highlighted by dazzling city light views which make this property are true dream home. Soaring ceilings create an exceptional sense of space that only a high-end single story home could offer featuring an open concept with a double great room and easy indoor / outdoor living with direct access to your backyard. The 14,000~ sqft pie shaped lot creates a exceptionally wide and private backyard perfect for taking in the coastline views, entertaining, and ideal for modern day resort living. The home offers a spacious master bedroom with beautiful ocean views along with high-ceilings and a wonderful sense or openness. The secondary bedrooms are private and en-suite along with a spacious 3 car garage with two driveways.
Last Agent to Sell the Property
Luxe Real Estate License #01317949 Listed on: 09/29/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $58,293
Year Built
- Built in 1997
Lot Details
- 0.32 Acre Lot
- Density is up to 1 Unit/Acre
HOA Fees
- $788 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- 4 Open Parking Spaces
Property Views
- White Water Ocean
- Coastline
- Harbor
- Catalina
- City Lights
Interior Spaces
- 4,176 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Family Room with Fireplace
- Living Room with Fireplace
- Home Office
- Walk-In Pantry
- Laundry Room
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
Schools
- Newport Coast Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Additional Features
- Exterior Lighting
- Central Air
Listing and Financial Details
- Tax Lot 55
- Tax Tract Number 14038
- Assessor Parcel Number 47707124
Community Details
Overview
- Pelican Ridge Estate Association, Phone Number (949) 376-9849
- Pelican Ridge HOA
- Pelican Ridge Estates Subdivision
Amenities
- Community Barbecue Grill
- Picnic Area
- Clubhouse
Recreation
- Community Playground
- Community Pool
- Community Spa
- Hiking Trails
Security
- Security Guard
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 8, 2022
Sold by
Pillai Ramadas and Pillai Sunitha
Bought by
9 Peaks Holdings Llc
Current Estimated Value
Purchase Details
Listed on
Sep 29, 2020
Closed on
Oct 20, 2020
Sold by
Hermann John M and The John M Hermann Trust
Bought by
Pillai Ramadas and Reddy Sunitha
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$5,250,000
Sold Price
$5,100,000
Premium/Discount to List
-$150,000
-2.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%
Original Mortgage
$3,805,875
Interest Rate
2.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 17, 1997
Sold by
Catellus Residential Ocean Ridge Inc
Bought by
Hermann John M and The John Hermann Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.19%
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 |
|---|---|---|---|
| 9 Peaks Holdings Llc | -- | -- | |
| Pillai Ramadas | $5,074,500 | Fidelity National Title Co | |
| Hermann John M | $1,600,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pillai Ramadas | $3,805,875 | |
| Previous Owner | Hermann John M | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | $5,100,000 | -2.9% | $1,221 / Sq Ft |
| 10/12/2020 10/12/20 | Pending | -- | -- | -- |
| 09/29/2020 09/29/20 | For Sale | $5,250,000 | -- | $1,257 / 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 | $58,293 | $5,492,800 | $4,510,858 | $981,942 |
| 2024 | $58,293 | $5,385,099 | $4,422,410 | $962,689 |
| 2023 | $57,016 | $5,279,509 | $4,335,696 | $943,813 |
| 2022 | $56,072 | $5,175,990 | $4,250,683 | $925,307 |
| 2021 | $54,540 | $5,074,500 | $4,167,336 | $907,164 |
| 2020 | $25,526 | $2,336,073 | $1,653,254 | $682,819 |
| 2019 | $25,186 | $2,290,268 | $1,620,837 | $669,431 |
| 2018 | $24,691 | $2,245,361 | $1,589,056 | $656,305 |
| 2017 | $25,194 | $2,201,335 | $1,557,898 | $643,437 |
| 2016 | $26,809 | $2,158,172 | $1,527,351 | $630,821 |
| 2015 | $26,648 | $2,125,755 | $1,504,409 | $621,346 |
| 2014 | $26,046 | $2,084,115 | $1,474,940 | $609,175 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Daftarian
-
Sahand Zargari
S
Seller Co-Listing Agent in 2020
Sahand Zargari
Luxe Real Estate
(949) 444-3896
38 in this area
52 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20199832
APN: 477-071-24
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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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