NOT LISTED FOR SALE

Estimated Value: $4,734,000 - $5,900,000

4 Beds
3 Baths
3,137 Sq Ft
$1,698/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $4,325,000 $1,379 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $33,812/month

64 Days on Market

Highlights

  • Back Bay Views
  • Primary Bedroom Suite
  • Open Floorplan
  • Mariners Elementary School Rated A
  • Updated Kitchen
  • Fireplace in Primary Bedroom

About This Home

As of August 2022

Wake up to views of Newport Beach Back Bay and Nature Reserve from this reimagined, single-level beauty! Located on a sunny, 15,400 sq ft, corner lot in Dover Shores, 2042 Galaxy Drive features four bedrooms and three newly remodeled bathrooms. The open floor plan embraces an easy, indoor-outdoor lifestyle, with sliding glass doors along the entire back of the home. The living and dining areas flow easily into the kitchen, with updated appliances, shaker cabinetry and a convenient peninsula counter that’s perfect for casual meals. The remodeled primary suite includes a romantic fireplace, spacious walk-in closet and a spa-like bathroom with soaking tub, separate shower and beautifully updated dual vanities. Life in Dover Shores includes access to three private beaches, including Larry's Beach located on Polaris between Morning Star and Evening Star Lanes. Larry's Beach has picnic facilities, tetherball, swings, climbing equipment, basketball and volleyball courts. North Star Beach is located on the corner of North Star Lane and Polaris Dr. This beach has a basketball court, volleyball, and a beautiful view. Minutes away, you'll find the Newport Beach Aquatic Center where you can store boats, rent kayaks, paddle boards, or join the Crew team! Conveniently located near Newport Beach's world-class shopping, dining and award-winning schools. Come home to Dover Shores!

Last Listed By

Ed Machoskie

Compass License #02051556 Listed on: 06/12/2022

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,812

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • Corner Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Back and Front Yard

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • Back Bay
  • City Lights
  • Bluff
  • Mountain
  • Hills

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 3,137 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Sliding Doors
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Open Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4224
  • Assessor Parcel Number 11760501
  • $364 per year additional tax assessments

Community Details

Overview

  • Dover Shores Community HOA, Phone Number (949) 218-9970
  • Dover Shores ""Ms"" Subdivision
  • Property is near a preserve or public land

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Sport Court
  • Community Playground
  • Water Sports
  • Bike Trail

Security

  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,812

Year Built

Built in 1964 | Remodeled

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Dover Shores ""MS"" (DSAS)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 11760501
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3137.00 Square Feet
  • Interior Amenities: High Ceilings, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1378.71
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Privacy Toilet Door, Quartz Counters, Remodeled, Separate Tub And Shower, Soaking Tub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room, Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Back Bay, City Lights, Hills, Mountain(s)
  • Patio And Porch Features: Patio, Patio Open
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Gas Cooktop, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Picnic Area, Playground, Sport Court, Controlled Access
  • Association Fee: 1200.00
  • Association Fee Frequency: Annually
  • Association Name: Dover Shores Community HOA
  • Phone: 949-218-9970
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Dover Shores Community HOA

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Bluff, Corner Lot, Front Yard, Level with Street, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 15400.00
  • Lot Size Acres: 0.3535

Multi Family

  • Lease Considered: No
  • Lot Size Area: 15400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 630.09
  • Tax Lot: 8
  • Tax Tract Number: 4224
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2022
Closed on
Aug 26, 2022
Sold by
2042 Galaxy Llc
Bought by
Sara Homer Survivors Trust
Seller's Agent
Ed Machoskie
Compass
Buyer's Agent
Erica Thomas
Pacific Sotheby's Int'l Realty
List Price
$4,500,000
Sold Price
$4,325,000
Premium/Discount to List
-$175,000
-3.89%
Total Days on Market
64
Views
10
Current Estimated Value
$5,325,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,000,835
Avg. Annual Appreciation
7.83%

Purchase Details

Listed on
Jan 12, 2022
Closed on
Jan 24, 2022
Sold by
Joan K Lutz Trust
Bought by
2042--Galaxy Llc
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
List Price
$3,299,000
Sold Price
$3,410,000
Premium/Discount to List
$111,000
3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.30%
Original Mortgage
$2,978,000
Interest Rate
3.56%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 16, 2019
Closed on
Jan 8, 2020
Sold by
Payne Mark David and Panattoni Charlotte Leata
Bought by
Lutz Joan K and Joan K Lutz Trust
Seller's Agent
Jon Dishon
Arbor Real Estate
Buyer's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
List Price
$2,699,000
Sold Price
$2,400,000
Premium/Discount to List
-$299,000
-11.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.69%
Original Mortgage
$800,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2010
Sold by
Payne Mark David and Panattoni Charlotte Leata
Bought by
Payne Mark David and Panattoni Charlotte Leata

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2010
Sold by
Anderson Robert A and Anderson Sean W
Bought by
Payne Mark David and Panattoni Charlotte Leata

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2004
Sold by
Romig Byron A and Romig Linda A
Bought by
Anderson Robert A and Anderson Sean W

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
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2001
Sold by
Greene Harold Ford and Greene Janet Flora
Bought by
Romig Byron A and Romig Linda A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.25%

Range of Values:

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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
Sara Homer Survivors Trust $4,325,000 Wfg National Title
2042--Galaxy Llc $3,410,000 Wfg National Title
Lutz Joan K $2,400,000 North American Title Company
Payne Mark David -- None Available
Payne Mark David $1,370,000 None Available
Anderson Robert A $1,349,000 Lawyers Title Company
Romig Byron A -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2042--Galaxy Llc $2,978,000
Previous Owner Lutz Joan K $800,000
Previous Owner Lutz Joan K $800,000
Previous Owner Payne Mark David $564,000
Previous Owner Payne Mark David $589,000
Previous Owner Payne Mark David $600,000
Previous Owner Anderson Robert A $2,325,000
Previous Owner Anderson Robert A $0
Previous Owner Anderson Robert A $1,500,000
Previous Owner Anderson Robert $401,000
Previous Owner Anderson Robert A $1,000,000
Previous Owner Romig Byron A $250,000
Previous Owner Romig Byron A $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $4,325,000 -3.9% $1,379 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/12/2022 06/12/22 For Sale $4,500,000 +32.0% $1,434 / Sq Ft
02/09/2022 02/09/22 Sold $3,410,000 +3.4% $1,087 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $3,299,000 +37.5% $1,052 / Sq Ft
01/22/2020 01/22/20 Sold $2,400,000 -4.0% $747 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
09/11/2019 09/11/19 Price Changed $2,499,000 -2.0% $778 / Sq Ft
08/19/2019 08/19/19 Price Changed $2,549,000 -5.6% $794 / Sq Ft
07/16/2019 07/16/19 For Sale $2,699,000 -- $840 / 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 $46,812 $4,411,500 $4,087,606 $323,894
2023 $45,719 $4,325,000 $4,007,456 $317,544
2022 $31,922 $3,000,000 $2,698,948 $301,052
2021 $25,877 $2,424,864 $2,126,765 $298,099
2020 $17,554 $1,640,062 $1,347,197 $292,865
2019 $17,191 $1,607,904 $1,320,781 $287,123
2018 $16,848 $1,576,377 $1,294,883 $281,494
2017 $16,549 $1,545,468 $1,269,493 $275,975
2016 $16,176 $1,515,165 $1,244,601 $270,564
2015 $16,023 $1,492,406 $1,225,906 $266,500
2014 $15,644 $1,463,172 $1,201,892 $261,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22113388

California Regional Multiple Listing Service (CRMLS)

APN: 117-605-01