$3,410,000
SOLD FEB 9, 2022
4 Beds
3 Baths
3,137 Sq Ft
0.35 Acres

Recently Sold

$1,087 Per Sq Ft

3% Above List Price

5 Days on Market

Highlights

  • Back Bay Views
  • Open Floorplan
  • Open to Family Room
  • Mariners Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Family Room Off Kitchen

About This Home

As of August 2022

Sited on a generous, 15,400 square foot lot corner lot in Dover Shores, 2042 Galaxy Drive offers premier front-row views of Newport Beach’s famed Back Bay Nature Preserve. Spanning over 3,000 square feet of interior living space on a single level, this home features four bedrooms and three bathrooms. The open floor plan lends itself well to an indoor-outdoor lifestyle, with the sliding glass doors lining the entire length of the living room. The living and dining areas flow seamlessly into the kitchen, with its updated appliances, shaker cabinetry and a generous peninsula with additional seating. The primary suite occupies its own wing of the house, ensuring maximum privacy. The owner’s bedroom takes full advantage of the sought-after views with a wall of windows and sliding glass doors which open to the backyard. A five-piece bathroom and large walk-in closet complete the primary suite. Enjoy the incredible amenities of Dover Shores – three private beaches, including the iconic Larry’s Beach. Featuring a prime location, 2042 Galaxy Drive is minutes away from shopping, restaurants and award-winning schools.

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 01/12/2022

Co-Listed By

Veronica Hicks

Veronica Hicks, Broker License #01443184

Last Buyer's Agent

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 01/12/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,812

Year Built

  • Built in 1964

Lot Details

  • 0.35 Acre Lot
  • 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

Home Design

  • Composition Roof

Interior Spaces

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

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Bathtub
  • Multiple Shower Heads
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4224
  • Assessor Parcel Number 11760501

Community Details

Overview

  • Dover Shores Community HOA, Phone Number (949) 218-9970
  • Dover Shores HOA
  • Dover Shores ""Ms"" Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Playground
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,812

Year Built

Built in 1964

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Dover Shores ""MS"" (DSAS)
  • View: Yes
  • 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: Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1087.03
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room, Main Floor Master Bedroom, Walk-In Closet
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Bath(s), Double Sinks In Master Bath, Dual Shower Heads (or Multiple), Exhaust Fan(s), Privacy Toilet Door
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • View: Back Bay, City Lights
  • 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

  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Gas Cooktop
  • 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
  • Association Fee: 1200.00
  • Association Fee Frequency: Annually
  • Association Name: Dover Shores Community HOA
  • Phone: 949-218-9970
  • Senior Community: No
  • Community Features: Biking, Watersports, Storm Drains, Street Lights
  • Association Management: Dover Shores HOA

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Bluff, Front Yard, Lot 10000-19999 Sqft
  • 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

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%
Views
10
Current Estimated Value
$5,549,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,224,365
Avg. Annual Appreciation
7.80%

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%
Source: Public Records

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 Type Sale Price Title Company
Grant Deed $4,325,000 Wfg National Title
Grant Deed $3,410,000 Wfg National Title
Grant Deed $2,400,000 North American Title Company
Interfamily Deed Transfer -- None Available
Trustee Deed $1,370,000 None Available
Grant Deed $1,349,000 Lawyers Title Company
Grant Deed -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,978,000 Construction
Previous Owner $800,000 New Conventional
Previous Owner $800,000 New Conventional
Previous Owner $564,000 New Conventional
Previous Owner $589,000 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $2,325,000 Negative Amortization
Previous Owner $0 Unknown
Previous Owner $1,500,000 Negative Amortization
Previous Owner $401,000 Credit Line Revolving
Previous Owner $1,000,000 Purchase Money Mortgage
Previous Owner $250,000 Credit Line Revolving
Previous Owner $540,000 No Value Available
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
2025 $46,812 $4,536,054 $4,169,358 $366,696
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: NP22003412

California Regional Multiple Listing Service (CRMLS)

APN: 117-605-01