NOT LISTED FOR SALE

Estimated Value: $9,055,000 - $11,155,930

7 Beds
6.5 Baths
5,325 Sq Ft
$1,842/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $5,725,000 $1,075 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $59,993/month

20 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Infinity Pool
  • Fireplace in Primary Bedroom

About This Home

As of August 2016

Gracing one of Pelican Heights' most coveted corner lots, this Mediterranean-style estate offers some of the region’s most spectacular ocean, Catalina, harbor, canyon, and city light views. Beautiful formal living and dining rooms welcome your arrival and set the stage for the juxtaposed elegance and sophistication found throughout the residence. Large social spaces blend seamlessly with the rear yard inviting ample opportunity for year round alfresco living from the covered loggia to the stone-clad outdoor fireplace and continuing to the pool and spa and large wrap-around yard. Seven bedrooms (including a private 2 bedroom wing perfect for multi generational living) comprise an eminently livable floor plan. Notable highlights include stone and wood flooring, natural stone counter tops in the kitchen and bathrooms, bright interiors, central vacuum, and a three car garage. Enjoy the world class Newport Coast lifestyle with close proximity to the famed Pelican Hill Resort with two championship golf courses, pristine beaches of Crystal Cove State Park, first class shopping and dining at Fashion Island and South Coast Plaza and domestic and international travel conveniences via John Wayne Airport and LAX.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 06/15/2016

Pacific Sotheby's Int'l Realty

Co-Listed By

Kathryn White

Coldwell Banker Realty License #01346645

Last Buyer's Agent

Jennifer Sambito

Aspero Realty, Inc License #01328628

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,523

Year Built

  • Built in 2002

Lot Details

  • 0.35 Acre Lot
  • Glass Fence
  • Stucco Fence
  • Fence is in good condition
  • Corner Lot
  • Sprinkler System

HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Catalina
  • City Lights

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Plaster

Interior Spaces

  • 5,325 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Recessed Lighting
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Gas Cooktop
  • Microwave
  • Freezer
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • Infinity Pool
  • Cabana
  • In Ground Spa

Outdoor Features

  • Concrete Porch or Patio
  • Terrace
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303326

Community Details

Recreation

  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,523

Year Built

Built in 2002

Lot Details

0

HOA Fees

$660 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated Community, Gated with Guard
  • Subdivision Name Other: Montecito (MONT)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303326
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5325.00
  • Interior Amenities: Built-in Features, Coffered Ceiling(s), Crown Molding, Pantry, Recessed Lighting, Vacuum Central
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1075.12
  • Room Type: Family Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet
  • Spa Features: Association, In Ground, Private
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: Catalina, City Lights, Coastline, Harbor, Ocean
  • Fence: Yes
  • Fencing: Glass, Good Condition, Stucco Wall
  • Patio And Porch Features: Cabana, Concrete, Terrace
  • Pool Features: Association, In Ground, Infinity, Private
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Plaster

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Double Oven, Freezer, Disposal, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Controlled Access, Dues Paid Monthly, Guard, Pool, Spa/Hot Tub
  • Association Fee: 575.00
  • Association #2 Fee: 85.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Gutters, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 15381.00
  • Price Per Lot Square Foot: 372.21

Multi Family

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

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2021
Sold by
Edwards David B
Bought by
Edwards David B and Edwards Kayla M
Current Estimated Value
$9,810,643

Purchase Details

Closed on
Apr 29, 2021
Sold by
Edwards Kayla
Bought by
Edwards David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,513,600
Outstanding Balance
$4,230,484
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$5,490,839

Purchase Details

Closed on
Oct 29, 2019
Sold by
Edwards Erin
Bought by
Edwards David B

Purchase Details

Listed on
Jun 15, 2016
Closed on
Jul 11, 2016
Sold by
Wosoughkia Fariborz and Wosoughkia Natasha
Bought by
Edwards David B and Edwards Erin
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jennifer Sambito
Aspero Realty, Inc
List Price
$5,850,000
Sold Price
$5,725,000
Premium/Discount to List
-$125,000
-2.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$3,721,250
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 6, 2007
Sold by
Wosoughkia Fariborz
Bought by
Wosoughkia Fariborz and Wosoughkia Natasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.42%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 19, 2007
Sold by
Wosoughkia Natasha
Bought by
Wosoughkia Fariborz

Purchase Details

Closed on
Oct 30, 2006
Sold by
Flynn William J and Lo Flynn Sharon
Bought by
Wosoughkia Fariborz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,340,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2005
Sold by
Flynn William J and Lo Flynn Sharon
Bought by
Flynn William J and Lo Flynn Sharon

Purchase Details

Closed on
Dec 6, 2002
Sold by
Cph Newport Coast Llc
Bought by
Flynn William J and Lo Flynn Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,513,855
Interest Rate
4.75%
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 Buyer Sale Price Title Company
Edwards David B -- None Available
Edwards David B -- Fidelity Natl Ttl San Diego
Edwards David B -- None Available
Edwards David B $5,725,000 North American Title Co Inc
Wosoughkia Fariborz -- None Available
Wosoughkia Fariborz -- Fidelity National Title
Wosoughkia Fariborz $3,900,000 Fidelity National Title
Flynn William J -- --
Flynn William J $2,163,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards David B $4,513,600
Closed Edwards David B $3,721,250
Previous Owner Edwards David B $3,721,250
Previous Owner Wosoughkia Fariborz $50,000
Previous Owner Wosoughkia Fariborz $100,000
Previous Owner Wosoughkia Fariborz $850,000
Previous Owner Wosoughkia Fariborz $102,000
Previous Owner Wosoughkia Fariborz $0
Previous Owner Wosoughkia Fariborz $500,000
Previous Owner Wosoughkia Fariborz $2,340,000
Previous Owner Flynn William J $1,000,000
Previous Owner Flynn William J $1,500,000
Previous Owner Flynn William J $250,000
Previous Owner Flynn William J $1,513,855
Closed Flynn William J $216,265
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2016 08/30/16 Sold $5,725,000 -2.1% $1,075 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $5,850,000 -- $1,099 / 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 $70,523 $6,644,352 $5,511,280 $1,133,072
2024 $70,523 $6,514,071 $5,403,216 $1,110,855
2023 $68,889 $6,386,345 $5,297,271 $1,089,074
2022 $67,749 $6,261,123 $5,193,403 $1,067,720
2021 $65,898 $6,138,356 $5,091,571 $1,046,785
2020 $65,844 $6,075,415 $5,039,363 $1,036,052
2019 $64,657 $5,956,290 $4,940,552 $1,015,738
2018 $63,371 $5,839,500 $4,843,678 $995,822
2017 $63,318 $5,725,000 $4,748,703 $976,297
2016 $52,783 $4,531,040 $3,279,266 $1,251,774
2015 $52,380 $4,462,980 $3,230,008 $1,232,972
2014 $50,214 $4,282,468 $3,166,737 $1,115,731
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16129295

California Regional Multiple Listing Service (CRMLS)

APN: 473-033-26