$3,737,500
SOLD OCT 18, 2021
4 Beds
3.5 Baths
3,631 Sq Ft
6,418 Sq Ft Lot

Recently Sold

$1,029 Per Sq Ft

6% Below List Price

33 Days on Market

Highlights

  • Primary Bedroom Suite
  • Clubhouse
  • Corner Lot
  • Newport Coast Elementary School Rated A
  • Main Floor Bedroom
  • Community Pool

About This Home

As of October 2021

Perfectly situated on a private, corner-lot at the end of a quiet cul-de-sac, 21 Observatory offers the finest finishes & amenities available. Boasting approximately 3,631 sqft of newly remodeled living space, accompanied by 4 bedrooms + 3.5 baths, this designer renovated home is ready to move right in. Upgrades include 18x36 limestone and European-oak flooring throughout, custom inlaid cabinetry throughout the house, Calcutta marble countertops, custom ironwork, professional Lutron lighting package, chef's grade Viking & Sub-Zero appliances, show-room quality garage with Cleaf cabinetry with gym, and much more. The upper level offers three bedrooms, with the primary suite showcasing wood floors and beautiful stone clad oversized balcony along with a primary bath with marble floors, stone-clad expanded shower, and freestanding Hydro-spa tub along with a walk-in closet with custom built-ins which provide a level of accommodation rivaling the world class resort just down the road. Community amenities include 24hr guard gate entrance, an Olympic size heated pool, heated spa, toddler pool, two large barbecues, grassy area with large grand fireplace, and direct access to amenity rich Coastal Peak Park. Immediate proximity to world class schools, shopping, fine dining, and beaches complete this dream home.

Last Agent to Sell the Property

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 08/29/2021

Co-Listed By

Sahand Zargari

Luxe Real Estate License #01985671

Last Buyer's Agent

Pamela Spruce

Compass License #01242934

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $45,394

Year Built

  • Built in 2004

Lot Details

  • 6,418 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot
  • Density is up to 1 Unit/Acre

HOA Fees

  • $485 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 3,631 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Zoned Cooling

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 16461
  • Assessor Parcel Number 47846315
  • $5,108 per year additional tax assessments

Community Details

Overview

  • Pacific Ridge Maint Assoc. Association, Phone Number (888) 679-2500
  • First Service Residential HOA
  • Cypress Subdivision

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Community Spa
  • Park

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$45,394

Year Built

Built in 2004

Lot Details

0

HOA Fees

$485 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Show phone Sam
  • Property Attached: No
  • Subdivision Name Other: Cypress (PRCP)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47846315
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3631.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1029.33
  • Room Type: Family Room, Jack & Jill, Kitchen, Main Floor Bedroom, Master Suite, Walk-In Closet

Exterior Features

  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Playground, Clubhouse, Guard
  • Association Fee: 485.00
  • Association Fee Frequency: Monthly
  • Association Name: Pacific Ridge Maint Assoc.
  • Phone: 888-679-2500
  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights
  • Association Management: First Service Residential

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Cul-De-Sac
  • Lot Size Sq Ft: 6418.00
  • Lot Size Acres: 0.1473

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6418.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 14
  • Tax Tract Number: 16461
  • TaxOtherAnnualAssessmentAmount: 5108.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2021
Closed on
Sep 29, 2021
Sold by
Sharifi Amir and Yazdanshenas Desiree
Bought by
Chin Samuel W L and Chin Mary E
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Pamela Spruce
Compass
List Price
$3,995,000
Sold Price
$3,737,500
Premium/Discount to List
-$257,500
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.16%

Purchase Details

Listed on
Sep 4, 2019
Closed on
Dec 20, 2019
Sold by
Kendrick Randall R and The Randal R Kendrick Trust
Bought by
Sharifi Amir and Yazdanshenas Desiree
Seller's Agent
Harold Noriega
Compass
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$2,995,000
Sold Price
$2,375,000
Premium/Discount to List
-$620,000
-20.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.77%
Original Mortgage
$1,543,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2017
Sold by
Kendrick Randall Raymond and Kendrick Randall Raymond
Bought by
Kendrick Randall R and The Randall R Kendrick Trust

Purchase Details

Listed on
Mar 21, 2013
Closed on
Apr 16, 2013
Sold by
Mather Scott A and Mather Nicole S
Bought by
Kendrick Randall Raymond
Seller's Agent
Shala Emdadi
Real Estate Legends USA
Buyer's Agent
Shala Emdadi
Real Estate Legends USA
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$1,435,000
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2005
Sold by
Taylor Woodrow Homes Inc
Bought by
Mather Scott A and Mather Nicole S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
1%
Mortgage Type
Negative Amortization
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 $3,737,500 North American Title Company
Grant Deed $2,375,000 First American Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $2,050,000 Ticor Title Tustin Orange Co
Corporate Deed $1,947,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,543,750 New Conventional
Previous Owner $390,000 Credit Line Revolving
Previous Owner $1,435,000 New Conventional
Previous Owner $1,200,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Price Changed $5,749,000 -4.2% $1,583 / Sq Ft
04/11/2025 04/11/25 For Sale $5,998,000 +60.5% $1,652 / Sq Ft
10/18/2021 10/18/21 Sold $3,737,500 -6.4% $1,029 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
08/29/2021 08/29/21 For Sale $3,995,000 +68.2% $1,100 / Sq Ft
01/21/2020 01/21/20 Sold $2,375,000 -10.4% $654 / Sq Ft
12/21/2019 12/21/19 Pending -- -- --
11/18/2019 11/18/19 Price Changed $2,650,000 -3.9% $730 / Sq Ft
10/29/2019 10/29/19 Price Changed $2,758,000 -3.5% $760 / Sq Ft
10/10/2019 10/10/19 Price Changed $2,858,000 -4.6% $787 / Sq Ft
09/04/2019 09/04/19 For Sale $2,995,000 +46.1% $825 / Sq Ft
04/19/2013 04/19/13 Sold $2,050,000 -2.4% $588 / Sq Ft
03/22/2013 03/22/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $2,100,000 -- $602 / 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 $45,394 $3,888,495 $2,970,540 $917,955
2023 $44,426 $3,812,250 $2,912,294 $899,956
2022 $43,299 $3,737,500 $2,855,190 $882,310
2021 $29,332 $2,399,605 $1,507,949 $891,656
2020 $28,676 $2,308,265 $1,470,137 $838,128
2019 $28,826 $2,263,005 $1,441,310 $821,695
2018 $28,373 $2,218,633 $1,413,049 $805,584
2017 $28,831 $2,175,131 $1,385,342 $789,789
2016 $27,525 $2,132,482 $1,358,179 $774,303
2015 $26,589 $2,100,451 $1,337,778 $762,673
2014 $26,019 $2,059,307 $1,311,573 $747,734
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21191314

California Regional Multiple Listing Service (CRMLS)

APN: 478-463-15