NOT LISTED FOR SALE

Estimated Value: $1,985,015 - $2,687,000

3 Beds
3.5 Baths
3,500 Sq Ft
$648/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $1,500,000 $429 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $12,967/month

71 Days on Market

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • Cathedral Ceiling
  • Loma Vista Elementary School Rated A-
  • Open Floorplan
  • Main Floor Primary Bedroom

About This Home

As of June 2016

Custom built in 2000, this Mediterranean style villa is located in Ventura's prestigious McElrea Heights & enjoys unparalleled ocean, island, city lites, sunrise & sunset views! This once in a lifetime property, situated on a rare 8400 SF, street-to-street lot, boasts 3 en suite bedrooms, 3.5 baths & some 3500 SF of luxurious living space with no stairs from the street, allowing all adult living to be done on 1 floor, with no stairs! The gated & beautifully landscaped front yard leads to the home's double door entry & formal foyer which overlooks the spacious great room with its raised hearth fireplace & entertaining deck, as well as the large formal dining room, while the gourmet kitchen with breakfast bar & butler's pantry opens to the living area & views! You're sure to enjoy the massive, ocean view master-suite with ample closets, jetted-tub & separate shower, while downstairs you'll discover a library + 2 en suite guest bedrooms, each with ocean view patios! Truly a rare offering!

Last Agent to Sell the Property

Blake Mashburn

Real Broker License #01065624 Listed on: 03/09/2016

Real Broker

Last Buyer's Agent

Gary Schoeffler

BHHS California Properties License #01269270

BHHS California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,114

Year Built

  • Built in 2000

Lot Details

  • 8,400 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Stucco Fence
  • Landscaped
  • Sprinklers Throughout Yard
  • Private Yard
  • Lawn
  • Property is zoned R1-7

Parking

  • 2 Car Garage
  • Parking Available
  • Side by Side Parking
  • Two Garage Doors

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Panoramic
  • City Lights
  • Views of a landmark

Home Design

  • Mediterranean Architecture
  • Combination Foundation
  • Spanish Tile Roof
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,500 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Coffered Ceiling
  • Tray Ceiling
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Raised Hearth
  • Double Pane Windows
  • Awning
  • Custom Window Coverings
  • Double Door Entry
  • Sliding Doors
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Library
  • Storage

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven or Range
  • Gas and Electric Range
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Tile Bathroom Countertop
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Living Room Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Conventional Septic

Community Details

  • No Home Owners Association
  • Mcelrea Heights 0266 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0740041230

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,114

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Refrigerator included.
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Fire Sprinkler System
  • Subdivision Name Other: McElrea Heights - 0266
  • View: Yes
  • Zoning: R1-7
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0740041230
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3500.00
  • Interior Amenities: Built-in Features, Balcony, Tray Ceiling(s), Storage, Recessed Lighting, Open Floorplan, Living Room Balcony, Living Room Deck Attached, High Ceilings, Cathedral Ceiling(s), Coffered Ceiling(s)
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Raised Hearth, Great Room
  • Levels: Two
  • Price Per Square Foot: 428.57
  • Room Type: Entry, Primary Suite, Main Floor Primary Bedroom, Main Floor Bedroom, Walk-In Pantry, Walk-In Closet, Two Primaries, Office, Primary Bedroom, Living Room, Library, Great Room, Formal Entry
  • Window Features: Custom Covering, Skylight(s), Double Pane Windows
  • Bathroom Features: Linen Closet/Storage, Jetted Tub, Tile Counters, Shower In Tub
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Stone Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Combination
  • Exterior Features: Awning(s), Rain Gutters
  • View: City Lights, White Water, Water, Panoramic, Ocean, Landmark, Harbor, Coastline
  • Fence: Yes
  • Fencing: Stucco Wall, Wood
  • Patio And Porch Features: Covered, Tile, Slab, Patio Open, Front Porch, Deck
  • Pool Private: No
  • Roof: Spanish Tile, Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door, Side by Side
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Range, Disposal, Gas Cooking, Oven, Double Oven, Gas & Electric Range, Vented Exhaust Fan, Refrigerator
  • Heating Type: Central, Natural Gas, Forced Air
  • Laundry Features: Inside, Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Conventional Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Sprinklers In Front, Sprinklers Timer, Sprinkler System, Sprinklers On Side, Sprinklers In Rear, Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1928

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8400.0000 Square Feet

Tax Info

  • Tax Census Tract: McElrea Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2016
Closed on
Apr 28, 2016
Sold by
Hearton Barbara C and Hearton Hearon A
Bought by
Harry Allen Trust and Allen Jill K
Seller's Agent
Blake Mashburn
Real Broker
Buyer's Agent
Gary Schoeffler
BHHS California Properties
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%
Current Estimated Value
$2,268,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$768,754
Avg. Annual Appreciation
4.47%
Original Mortgage
$1,200,000
Outstanding Balance
$929,948
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,338,806

Purchase Details

Closed on
Aug 25, 2003
Sold by
Hearon William R
Bought by
Hearon William R

Purchase Details

Closed on
Apr 9, 2001
Sold by
Hearon William R and Hearon Barbara A
Bought by
The W Ray & Barbara A Hearon Trust

Purchase Details

Closed on
Dec 16, 1999
Sold by
Bohman Carl G and Bohman Carl G Family
Bought by
Hearon William R and Hearon Barbara A

Purchase Details

Closed on
May 16, 1996
Sold by
Joseph Joseph M and Joseph Willow L
Bought by
Wah Allen and Wah Marcia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
8.03%
Source: Public Records

Range of Values:

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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
Harry Allen Trust $1,500,000 Fidelity National Title
Hearon William R -- --
The W Ray & Barbara A Hearon Trust -- --
Hearon William R $600,000 American Title Co
Wah Allen $175,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harry Allen Trust $1,200,000
Previous Owner Wah Allen $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2016 06/03/16 Sold $1,500,000 -11.5% $429 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $1,695,000 -- $484 / Sq Ft
Source: Ventura County Regional Data Share

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 $12,114 $1,130,439 $860,394 $270,045
2024 $12,114 $1,108,274 $843,524 $264,750
2023 $11,966 $1,086,544 $826,985 $259,559
2022 $11,137 $1,065,240 $810,770 $254,470
2021 $10,921 $1,044,353 $794,872 $249,481
2020 $10,816 $1,033,646 $786,722 $246,924
2019 $10,613 $1,013,380 $771,297 $242,083
2018 $10,435 $993,511 $756,174 $237,337
2017 $10,212 $974,032 $741,348 $232,684
2016 $3,952 $373,880 $178,292 $195,588
2015 $2,067 $185,329 $40,768 $144,561
2014 $2,034 $181,700 $39,970 $141,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V0-216001896

Ventura County Regional Data Share

APN: 074-0-041-230