NOT LISTED FOR SALE

Estimated Value: $8,141,403 - $8,529,000

5 Beds
5.5 Baths
4,709 Sq Ft
$1,773/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $4,600,000 $977 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $48,467/month

81 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Newport Coast Elementary School Rated A
  • City Lights View
  • Main Floor Bedroom

About This Home

As of March 2021

Ideally situated on an oversized, private lot at the end of a cul-de-sac street in the exclusive guard-gated community of Pelican Heights, this home enjoys unobstructed views of glistening city lights and rolling greenery of the Buck Gulley. Boasting a luxurious interior living space of approx. 4,709 sq. ft. - offering 5 en-suite bedrooms & 5 1/2 bathrooms plus main floor office, this open floor-plan dream home provides seamless transitions between the family room, gourmet kitchen, and outdoor entertainer’s dream backyard complete with outdoor BBQ, outdoor seating area, and large swimming pool. A dramatic vaulted foyer along with soaring 10 ft. high ceilings throughout the first floor provide a level of grandeur and elegance on par with many of the neighboring custom homes. The interior is characterized by high end finishes including marble floors, Venetian plaster walls, and stainless steel appliances throughout. The main-floor bedroom provides an ideal retreat for guests, while 4 ensuite bedrooms upstairs, including a finely appointed master suite and exceptional panoramic canyon/city light views, highlight the upper level. Close proximity to Pelican Hill Resort offering championship golf courses, Crystal Cove Beaches, Orange County’s premier shopping, award winning schools, and resort-style beaches complete this dream estate. E

Last Agent to Sell the Property

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 11/09/2020

Co-Listed By

Sahand Zargari

Luxe Real Estate License #01985671

Last Buyer's Agent

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 11/09/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 0.26 Acre Lot
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 3 Car Attached Garage
  • 3 Open Parking Spaces

Property Views

  • City Lights
  • Canyon

Interior Spaces

  • 4,709 Sq Ft Home
  • Formal Entry
  • Family Room with Fireplace
  • Living Room
  • Home Office
  • Bonus Room
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Schools

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

Additional Features

  • In Ground Pool
  • Central Air

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303220

Community Details

Overview

  • Pelican Heights Association, Phone Number (949) 363-1963
  • First Service Residential HOA
  • Pelican Heights Montecito Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

HOA Fees

$710 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Heights - Montecito (MONT)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303220
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4709.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 976.85
  • Room Type: Bonus Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Office, Walk-In Closet

Exterior Features

  • View: Canyon, City Lights
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Pelican Heights
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Playground
  • Association Fee: 625.00
  • 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
  • Community Features: Sidewalks, Storm Drains
  • Association Management: First Service Residential

Schools

  • 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
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11224.00
  • Lot Size Acres: 0.2577

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11224.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 40
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2020
Closed on
Mar 2, 2021
Sold by
Dastmalchi Ebrahim and Tartibi Sarah
Bought by
Vartanian James Nubar and Vartanian Briana Morgan
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$4,850,000
Sold Price
$4,600,000
Premium/Discount to List
-$250,000
-5.15%
Current Estimated Value
$8,349,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,749,134
Avg. Annual Appreciation
12.77%
Original Mortgage
$680,000
Outstanding Balance
$612,826
Interest Rate
3.02%
Mortgage Type
New Conventional
Estimated Equity
$7,736,308

Purchase Details

Closed on
Apr 3, 2019
Sold by
Tartibi Sarah
Bought by
Dastmalchi Ebrahim and Tartibi Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 29, 2007
Sold by
Dastmalchi Ebrahim
Bought by
Tartibi Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,555,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2007
Sold by
Tartibi Sarah
Bought by
Tartibi Sarah and Dastmalchi Ebrahim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,555,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2005
Sold by
Dastmalchi Ebrahim
Bought by
Tartibi Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2005
Sold by
Tartibi Sarah
Bought by
Tartibi Sarah and Tartibi Ebrahim

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
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 19, 2002
Sold by
Cph Newport Coast Llc
Bought by
Tartibi Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.62%

Purchase Details

Closed on
Feb 15, 2002
Sold by
Dastmalchi Ebrahim
Bought by
Tartibi Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.62%
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vartanian James Nubar $4,600,000 North American Title Company
Dastmalchi Ebrahim -- Stewart Title
Tartibi Sarah -- Accommodation
Tartibi Sarah -- First American Title Co
Tartibi Sarah -- Stewart Title Of Ca Inc
Tartibi Sarah -- Fidelity National Title
Tartibi Sarah $1,475,000 First American Title Co
Tartibi Sarah -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vartanian James Nubar $680,000
Open Vartanian James Nubar $3,000,000
Previous Owner Dastmalchi Ebrahim $2,250,000
Previous Owner Tartibi Sarah $2,555,000
Previous Owner Tartibi Sarah $2,000,000
Previous Owner Tartibi Sarah $1,000,000
Previous Owner Tartibi Sarah $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2021 03/04/21 Sold $4,600,000 -5.2% $977 / Sq Ft
01/30/2021 01/30/21 Pending -- -- --
11/09/2020 11/09/20 For Sale $4,850,000 0.0% $1,030 / Sq Ft
10/31/2017 10/31/17 Rented $15,500 -7.5% --
10/17/2017 10/17/17 For Rent $16,750 +9.8% --
02/15/2016 02/15/16 Off Market $15,250 -- --
02/06/2016 02/06/16 Rented $15,000 -1.6% --
01/23/2016 01/23/16 Price Changed $15,250 -7.6% $3 / Sq Ft
12/25/2015 12/25/15 For Rent $16,500 0.0% --
11/24/2015 11/24/15 Off Market $16,500 -- --
11/06/2015 11/06/15 For Rent $16,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $52,828 $4,979,187 $3,904,622 $1,074,565
2024 $52,828 $4,881,556 $3,828,060 $1,053,496
2023 $51,678 $4,785,840 $3,753,000 $1,032,840
2022 $50,822 $4,692,000 $3,679,411 $1,012,589
2021 $21,927 $2,062,471 $1,206,293 $856,178
2020 $22,368 $2,041,323 $1,193,924 $847,399
2019 $22,095 $2,001,298 $1,170,514 $830,784
2018 $21,664 $1,962,057 $1,147,562 $814,495
2017 $22,355 $1,923,586 $1,125,061 $798,525
2016 $24,410 $1,885,869 $1,103,001 $782,868
2015 $24,274 $1,857,542 $1,086,433 $771,109
2014 $23,749 $1,821,156 $1,065,151 $756,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20222694

California Regional Multiple Listing Service (CRMLS)

APN: 473-032-20