NOT LISTED FOR SALE

Estimated Value: $3,232,515 - $5,134,000

3 Beds
2.5 Baths
3,030 Sq Ft
$1,312/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $4,050,000 $1,337 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $24,215/month

76 Days on Market

About This Home

As of May 2023

Rarely on the market, this iconic Equestrian property spans just shy of an ACRE offering TWO side-by-side improved parcels that border Newport‘s Back Bay Nature Reserve. This ENORMOUS HORSE PROPERTY is OVER 39,500 SQUARE FEET, zoned for 12 horses and trailer parking and is accessible by automatic gate. This unique Ranch offers TWO 6-horse Barns by Castlebrook, with Lights throughout, Fans in each stall, Mats in breezeways, attached Feed/Supplement Room, Multiple Tack Rooms, One Turnout Stall and Wash Rack. Each barn also includes Fly Abatement Systems, Gutters and Security Cameras which cover the entire property. One barn includes a half bath and spacious upper level which can be utilized as a guest house, an office or entertaining space complete with vaulted ceilings and is extremely light and bright. Next to the barns you will find a Four-Horse Priefert Horse Walker and Huge Arena with lights and drainage, Cross Ties, an automatic Sprinkler System and Hay Barn. The Ranch also encompasses two charming homes that have been lovingly remodeled and restored to maintain their vintage charm yet provide all of today’s modern conveniences. The main house offers 2 bedrooms and 1 bath, Fireplace, Wood flooring, Air Conditioning, Newer Windows, Newer Dishwasher, Newer 4-burner stove, Newer Roof, a Dutch door, an Outdoor Fireplace and a gorgeous entertaining space including a Koi Pond, Lemon & Avocado trees and a Water Feature. The second quaint home offers 1 Bedroom, 1 Bath, a Fireplace, One Detached Garage, Air Conditioning, and newer roof. This exceptional Ranch has been updated with every attention to detail sparing no expense including the structural components of the parcels which includes one Sump Pump with two industrial Pumps inside located in an underground vault for optimal drainage. Enjoy this spectacular property and its close proximity to the Back Bay for hiking, biking and horseback riding with easy access to the John Wayne Airport, the beach, restaurants and shopping.

Last Agent to Sell the Property

Brian Thomas

Surterre Properties Inc. License #01320898 Listed on: 02/01/2023

Surterre Properties Inc.

Co-Listed By

Pamela Spruce

Compass License #01242934

Last Buyer's Agent

Faith Hicks

Keller Williams Legacy License #02074367

Keller Williams Legacy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Apr 19, 2023
Sold by
Dk Ranch Llc
Bought by
Vt Ranch Llc
Seller's Agent
Brian Thomas
Surterre Properties Inc.
Buyer's Agent
Faith Hicks
Keller Williams Legacy
List Price
$4,495,000
Sold Price
$4,050,000
Premium/Discount to List
-$445,000
-9.9%
Total Days on Market
76
Views
112
Current Estimated Value
$3,976,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$73,621
Avg. Annual Appreciation
-0.88%

Purchase Details

Closed on
Feb 26, 2008
Sold by
Croul Annette
Bought by
Croul Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 21, 2007
Sold by
Croul Spencer Behr and Croul Annette
Bought by
Croul Annette

Purchase Details

Closed on
Mar 23, 2005
Sold by
Croul Spencer Behr and Croul Annette
Bought by
C Sand Llc

Purchase Details

Closed on
Sep 13, 2001
Sold by
Moriarty Richard A
Bought by
Croul Spencer Behr and Croul Annette

Purchase Details

Closed on
Mar 9, 2001
Sold by
Palmer Jeff
Bought by
Moriarty Richard A
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
Vt Ranch Llc $4,050,000 Fidelity National Title
Croul Annette -- None Available
Croul Annette -- None Available
Croul Spencer Behr -- None Available
C Sand Llc -- --
Croul Spencer Behr $750,000 First American Title Co
Moriarty Richard A $531,314 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Croul Annette $368,000
Previous Owner Croul Annette $417,000
Previous Owner Croul Annette $437,500
Previous Owner Croul Spencer Behr $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $4,050,000 -9.9% $1,337 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $4,495,000 +34.2% $1,483 / Sq Ft
09/21/2017 09/21/17 Sold $3,350,000 -4.3% $1,106 / Sq Ft
07/26/2017 07/26/17 Price Changed $3,499,000 -5.4% $1,155 / Sq Ft
03/15/2017 03/15/17 Price Changed $3,700,000 -7.4% $1,221 / Sq Ft
09/07/2016 09/07/16 For Sale $3,995,000 -- $1,318 / 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 $23,747 $2,101,200 $1,897,200 $204,000
2023 $22,740 $2,023,244 $1,825,403 $197,841
2022 $22,311 $1,983,573 $1,789,611 $193,962
2021 $21,824 $1,944,680 $1,754,521 $190,159
2020 $21,586 $1,924,740 $1,736,530 $188,210
2019 $21,128 $1,887,000 $1,702,480 $184,520
2018 $20,704 $1,850,000 $1,669,098 $180,902
2017 $12,477 $1,065,954 $896,093 $169,861
2016 $12,212 $1,045,053 $878,522 $166,531
2015 $12,097 $1,029,356 $865,326 $164,030
2014 $11,825 $1,009,193 $848,376 $160,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23017645

California Regional Multiple Listing Service (CRMLS)

APN: 439-372-06