NOT LISTED FOR SALE

Estimated Value: $1,646,000 - $1,970,000

3 Beds
3 Baths
1,800 Sq Ft
$1,008/Sq Ft Est. Value

Last Sold May 20, 2019

Last sale price $1,050,000 $583 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $10,609/month

11 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Gated with Attendant
  • John Malcom Elementary School Rated A
  • On Golf Course
  • Ocean Side of Freeway

About This Home

As of May 2019

EXCELLENT 1031 Exchange - Rents for $5000/mo! Rare Monarch Beach beauty. Panoramic golf course & hills views! You are buying more than a home, you are buying a lifestyle! An entertainers delight! Dine al fresco on your beautiful stone paved patio overlooking the golf course, enjoying an open and unobstructed view that is absolutely stunning! This home wows from the moment you walk in with its high ceilings & abundance of natural lighting throughout. Enjoy an easy flow floor plan between the Patio to the airy, Living Room & Dining Room, to the newly updated Kitchen, with a very comfortable Eat-In-Kitchen space. Main floor bedroom with double door entry is perfect for guests, or home office & full bath down. Spacious Master Suite w/Ocean & Golf Course Views & two generous closets. Master Bathroom has been newly upgraded & features a jacuzzi tub & separate remodeled shower. Junior master suite with private bathroom. Additional features include recessed lighting, wood flooring, tankless water heater, water softener, inside laundry, a two car garage, tasteful exterior lighting throughout. Enjoy private access beach trails that are exclusive to Monarch Beach, an exquisite, highly desired gated community just minutes from the Monarch Beach Resort, Monarch Links Golf Course & the world famous Ritz Carlton. Fine dining, world-class beautiful beaches & entertainment venues are just minutes away.

Last Agent to Sell the Property

Liana Norman

Coldwell Banker Realty License #01054256 Listed on: 04/29/2019

Coldwell Banker Realty

Last Buyer's Agent

Kyle Eckert

Harcourts Prime Properties License #02067262

Harcourts Prime Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 3,700 Sq Ft Lot
  • On Golf Course
  • No Common Walls
  • Cul-De-Sac
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Property Views

  • Ocean
  • Panoramic
  • Golf Course
  • Peek-A-Boo
  • Hills

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Tile Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Recessed Lighting
  • Family Room with Fireplace

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access
  • Ocean Side of Freeway

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity
  • Tax Lot 27
  • Tax Tract Number 12666
  • Assessor Parcel Number 67248339

Community Details

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $11,267
  • Operating Expense $12,327
  • Gross Income $59,400
  • Net Operating Income $56,424

Additional Features

  • Property has a Home Owners Association
  • Gated with Attendant

Property Details

Home Type

Multi-Family

Year Built

Built in 1988 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Gated with Attendant, Gated Community, Gated with Guard
  • Subdivision Name Other: Marquesa (MBM)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 67248339
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 583.33
  • Room Type: Family Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet

Exterior Features

  • View: Golf Course, Hills, Ocean, Panoramic, Peek-A-Boo
  • Pool Private: No
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Cul-De-Sac, Front Yard, Near Public Transit, On Golf Course, Park Nearby, Yard
  • Lot Size Sq Ft: 3700.00
  • Lot Size Acres: 0.0849
  • Latitude Manual: 33.48561900

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 3700.0000 Square Feet
  • Net Operating Income: 56424.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 3576.00
  • Other Income Description: HOA Dues $244/mo
  • Rent Control: No
  • Total Expenses: 12326.50
  • Waterfront Features: Ocean Access, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 11267.00
  • Tax Census Tract: 423.38
  • Tax Lot: 27
  • Tax Tract Number: 12666

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
May 16, 2019
Sold by
Laura I Vega Revocable Trust
Bought by
Stay Bryan Fredrick
Seller's Agent
Liana Norman
Coldwell Banker Realty
Buyer's Agent
Kyle Eckert
Harcourts Prime Properties
List Price
$1,075,000
Sold Price
$1,050,000
Premium/Discount to List
-$25,000
-2.33%
Current Estimated Value
$1,813,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$763,740
Avg. Annual Appreciation
8.62%

Purchase Details

Listed on
May 20, 2016
Closed on
Jun 10, 2016
Sold by
The Yungja Chun Trust
Bought by
Vega Laura I and The Laura I Vega Revocable Trust
Seller's Agent
Yami Martinez
Altamar Real Estate
Buyer's Agent
Liana Norman
Coldwell Banker Realty
List Price
$949,000
Sold Price
$940,000
Premium/Discount to List
-$9,000
-0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%

Purchase Details

Closed on
Dec 6, 2006
Sold by
Chun Yungja
Bought by
Chun Yungja and The Yungja Chun Trust

Purchase Details

Closed on
May 10, 2000
Sold by
Kathleene Paul R
Bought by
Chun Yungja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
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
Stay Bryan Fredrick $1,050,000 Lawyers Title
Vega Laura I $940,000 First American Title Company
Chun Yungja -- None Available
Chun Yungja $542,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chun Yungja $434,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2019 05/20/19 Sold $1,050,000 0.0% $583 / Sq Ft
05/20/2019 05/20/19 Sold $1,050,000 -2.3% $583 / Sq Ft View Prior Sale
05/07/2019 05/07/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $1,075,000 0.0% $597 / Sq Ft
04/23/2019 04/23/19 Price Changed $1,075,000 -6.5% $597 / Sq Ft
04/16/2019 04/16/19 Price Changed $1,150,000 -2.1% $639 / Sq Ft
03/20/2019 03/20/19 For Sale $1,175,000 0.0% $653 / Sq Ft
09/13/2017 09/13/17 Rented $3,900 -1.3% --
09/11/2017 09/11/17 Under Contract -- -- --
09/06/2017 09/06/17 For Rent $3,950 0.0% --
08/20/2017 08/20/17 Rented $3,950 0.0% --
08/17/2017 08/17/17 For Rent $3,950 0.0% --
08/15/2017 08/15/17 Under Contract -- -- --
07/29/2017 07/29/17 Price Changed $3,950 -7.1% $2 / Sq Ft
07/27/2017 07/27/17 For Rent $4,250 +18.1% --
08/15/2016 08/15/16 Rented $3,600 -10.0% --
07/26/2016 07/26/16 Price Changed $4,000 -5.9% $2 / Sq Ft
07/10/2016 07/10/16 Price Changed $4,250 -2.3% $2 / Sq Ft
07/06/2016 07/06/16 Price Changed $4,350 -3.3% $2 / Sq Ft
07/01/2016 07/01/16 Price Changed $4,500 0.0% $3 / Sq Ft
06/30/2016 06/30/16 Sold $940,000 0.0% $525 / Sq Ft View Prior Sale
06/30/2016 06/30/16 For Rent $4,250 0.0% --
06/01/2016 06/01/16 For Sale $949,000 0.0% $530 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/20/2016 05/20/16 For Sale $949,000 -- $530 / 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 $13,269 $1,171,292 $918,529 $252,763
2024 $13,269 $1,148,326 $900,519 $247,807
2023 $12,903 $1,125,810 $882,861 $242,949
2022 $12,492 $1,103,736 $865,550 $238,186
2021 $12,181 $1,082,095 $848,579 $233,516
2020 $11,962 $1,071,000 $839,878 $231,122
2019 $11,157 $997,535 $780,887 $216,648
2018 $11,059 $977,976 $765,576 $212,400
2017 $10,792 $958,800 $750,564 $208,236
2016 $8,136 $704,353 $466,274 $238,079
2015 $7,756 $693,773 $459,270 $234,503
2014 $7,624 $680,183 $450,273 $229,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19097255

California Regional Multiple Listing Service (CRMLS)

APN: 672-483-39