NOT LISTED FOR SALE

Estimated Value: $5,328,000 - $8,650,147

5 Beds
6.5 Baths
7,752 Sq Ft
$849/Sq Ft Est. Value

Last Sold November 06, 2017

Last sale price $3,350,000 $432 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $40,311/month

46 Days on Market

Highlights

  • Horse Property
  • Horse Property Unimproved
  • Primary Bedroom Suite
  • Mariners Elementary School Rated A
  • Cabana
  • All Bedrooms Downstairs

About This Home

As of November 2017

This pristinely built custom estate is situated in Newport Beach’s Upper Back Bay, offering the ultimate in privacy and the unique opportunity to own equestrian property in this sought after beach community. Enter through the custom wrought iron gates and discover a hidden 7,752 sq. ft. masterpiece sitting on nearly 1/2 acre of manicured grounds. The main residence encompasses 2 stories with 5 bedrooms, 7 bathrooms, expansive great room, formal living room and dining room with adjacent 1,500-bottle walk-in wine cellar, 3 fireplaces, 3 balconies, and a private courtyard. The custom kitchen offers an oversized granite island and countertops, Thermador appliances, breakfast bar, butler’s pantry and walk-in pantry. The upper level is accessible via two staircases or elevator and offers two master suites along with 3 spacious bedrooms. This large lot offers ample room for horses along with a gravel path for easy access to the private rear yard complete with entertainer’s cabana with full kitchen, as well as plans for a pool. 2 garage spaces are located off the primary residence and an adjacent 875 sq. ft. detached 3-car garage with a full bath that can be converted into a guest house. Ideally situated near horse training facilities and horse accessible roads.

Last Agent to Sell the Property

Landon Miller

EQTY Forbes Global Properties License #01883305 Listed on: 08/02/2017

Co-Listed By

Brandon Hobbs

Arbor Real Estate License #01929235

Last Buyer's Agent

Randy Mendoza

Randy Mendoza, Broker License #01213780

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,314

Year Built

  • Built in 2012 | Remodeled

Lot Details

  • 0.45

Parking

  • 5 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Three Garage Doors
  • Automatic Gate

Home Design

  • Custom Home
  • Turnkey

Interior Spaces

  • 7,752 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Wired For Data
  • Built-In Features
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Electric Fireplace
  • Gas Fireplace
  • Double Door Entry
  • Sliding Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room
  • Formal Dining Room
  • Storage
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Butlers Pantry
  • Double Self-Cleaning Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Remodeled Bathroom
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Cabana
  • Horse Property
  • Balcony
  • Covered patio or porch
  • Outdoor Grill

Schools

  • Mariners Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Sewer Paid

Additional Features

  • 0.45 Acre Lot
  • Horse Property Unimproved

Listing and Financial Details

  • Tax Lot 158
  • Tax Tract Number 706
  • Assessor Parcel Number 43937111

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land

Recreation

  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,314

Year Built

Built in 2012 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Santa Ana Heights Residential (SAHR)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 43937111
  • Year Built: 2012
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7752.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Built-in Features, Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Storage, Wet Bar, Wired for Data
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room, Separated
  • Fireplace Features: Family Room, Master Bedroom, Electric, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 432.15
  • Room Type: All Bedrooms Down, Entry, Family Room, Formal Entry, Great Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Separate Family Room, Two Masters, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Remodeled, Soaking Tub, Upgraded
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Neighborhood
  • Patio And Porch Features: Cabana, Concrete, Covered, Patio, Patio Open
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear, Garage - Three Door, Garage - Two Door
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Self Cleaning Oven, Convection Oven, Dishwasher, Double Oven, Freezer, Disposal, Gas Cooktop, High Efficiency Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Horse Trails, Preserve/Public Land, Sidewalks

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Mariners
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Mariners
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: MARINE
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Horse Property, Horse Property Unimproved, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19800.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 631.01
  • Tax Lot: 158
  • Tax Tract Number: 706

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2020
Sold by
Bui Tan X
Bought by
Bui Tan X and The Med Trust
Total Days on Market
46
Current Estimated Value
$6,578,037

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 21, 2017
Sold by
Chizhik Gennady and Chizhik Marina
Bought by
Bui Tan Xuan
Seller's Agent
Landon Miller
EQTY Forbes Global Properties
Buyer's Agent
Randy Mendoza
Randy Mendoza, Broker
List Price
$3,599,000
Sold Price
$3,350,000
Premium/Discount to List
-$249,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$2,345,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 2, 2009
Sold by
Mcgrath Michael Keegan
Bought by
Chizhik Gennady and Chizhik Marina

Purchase Details

Closed on
Apr 5, 2006
Sold by
Sibiu Investments Inc
Bought by
Mcgrath Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,598
Interest Rate
6.29%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 28, 2006
Sold by
Ranca Samuel
Bought by
Sibiu Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$959,598
Interest Rate
6.29%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 6, 2005
Sold by
Witte David Alan
Bought by
Ranca Samuel

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
6.62%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Bui Tan X -- None Available
Bui Tan Xuan $3,350,000 First American Title Co
Chizhik Gennady $825,000 First American Title Company
Mcgrath Michael $1,490,000 None Available
Sibiu Investments Inc -- None Available
Ranca Samuel $1,350,000 Landwood Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Med Trust $1,535,000
Open Bui Tan X $2,500,000
Closed Bui Tan Xuan $2,375,000
Closed Bui Tan X $300,000
Previous Owner Bui Tan Xuan $2,345,000
Previous Owner Chizhik Gennady $500,000
Previous Owner Mcgrath Michael $959,598
Previous Owner Ranca Samuel $200,000
Previous Owner Ranca Samuel $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2017 11/06/17 Sold $3,350,000 -6.9% $432 / Sq Ft
09/17/2017 09/17/17 Pending -- -- --
08/02/2017 08/02/17 For Sale $3,599,000 -- $464 / 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
2024 $42,314 $3,941,706 $2,185,391 $1,756,315
2023 $41,297 $3,864,418 $2,142,540 $1,721,878
2022 $40,589 $3,788,646 $2,100,530 $1,688,116
2021 $38,991 $3,638,238 $2,059,344 $1,578,894
2020 $37,387 $3,485,340 $2,038,228 $1,447,112
2019 $36,600 $3,417,000 $1,998,262 $1,418,738
2018 $35,866 $3,350,000 $1,959,080 $1,390,920
2017 $24,372 $2,259,439 $880,821 $1,378,618
2016 $23,828 $2,215,137 $863,550 $1,351,587
2015 $23,604 $2,181,864 $850,579 $1,331,285
2014 $23,052 $2,139,125 $833,918 $1,305,207
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17177461

California Regional Multiple Listing Service (CRMLS)

APN: 439-371-11