NOT LISTED FOR SALE

Estimated Value: $7,960,000

5 Beds
8 Baths
8,659 Sq Ft
$919/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $8,815,000 $1,018 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $54,264/month

14 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • In Ground Pool
  • Fireplace in Primary Bedroom

About This Home

As of January 2017

Magnificent estate ensconced within the guard-gated community of Pelican Hill, Newport Coast. The residence features intimate views of play along the 4th fairway and all the action surrounding the 4th green of the Ocean North Course at Pelican Hills. You will treasure the sight of the East end of Catalina Island, the elusive and almost fugitive sighting of San Clemente Island, and spectacular Panoramic Vistas of the Pacific Ocean all the way to the horizon. Architectural correct, the design celebrates the art and flair of sophisticated and formal Italian entertaining found along the Amalfi Coast. And yet this design remains comfortable and livable for a family in residence. Accommodations include 5 bedrooms, 5 bathrooms, 2 powder rooms, and a poolside bathroom. Rooms of note include: Office, Library, Formal Dining Room, Formal Living Room, Family Room, Chef's Kitchen, Breakfast Room, Media Room, Wine Tasting Room, Maids Quarters, Laundry Facility, Foyer, a Formal Entryway complete with Rotunda and a Grand Staircase. Amenities include Pool & Spa, Outdoor Grill & Prep Station, Elevator, Dumbwaiter, Multi Zoned Hot Water, Multi-Zoned H.V.A.C, Water Filtration and a Fire Suppression System. Conveniently close to Pelican Hill is the Beach-Harbor-Bay-Shopping-Dining and Entertainment of Newport Beach. All of which are a brief and pleasant drive along the Ocean on the revered Pacific Coast Highway. So come home to 22 Fairway Pointe, and embrace the luxury of the Newport Coast.

Last Listed By

Patrick Bartolic

Coldwell Banker Realty License #00783792 Listed on: 12/23/2016

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $107,766

Year Built

  • Built in 2006

Lot Details

  • 0.41 Acre Lot
  • Back Yard

HOA Fees

  • $728 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Catalina
  • Golf Course

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 8,659 Sq Ft Home
  • 3-Story Property
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Library with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 14249
  • Assessor Parcel Number 47307126

Community Details

Overview

  • First Service Residential Association, Phone Number (949) 448-6181

Security

  • Gated with Attendant
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$107,766

Year Built

Built in 2006

Lot Details

0

HOA Fees

$728 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Gated with Guard
  • Subdivision Name Other: Pelican Hill (NCPH)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47307126
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8659.00 Square Feet
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Entry Level: 1
  • Fireplace Features: Family Room, Library, Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Price Per Square Foot: 1018.02
  • Room Type: Family Room, Formal Entry, Foyer, Laundry, Library, Living Room, Master Suite
  • Spa Features: In Ground, Private

Exterior Features

  • View: Catalina, Golf Course, Ocean
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Controlled Access
  • Association Fee: 728.00
  • Association Fee Frequency: Monthly
  • Association Name: First Service Residential
  • Phone: 949-448-6181
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 18050.00

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 26
  • Tax Tract Number: 14249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2017
Sold by
Wang Hao
Bought by
Gu Xiehua and Hgw Qualified Personal Residence Trust
Total Days on Market
14
Current Estimated Value
$7,960,000

Purchase Details

Listed on
Dec 23, 2016
Closed on
Jan 24, 2017
Sold by
The Bank Of New York Mellon
Bought by
Wang Hao
Seller's Agent
Patrick Bartolic
Coldwell Banker Realty
Buyer's Agent
Mehdi Khosh
Berkshire Hathaway HomeService
List Price
$82,850,000
Sold Price
$8,815,000
Premium/Discount to List
-$74,035,000
-89.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%

Purchase Details

Listed on
Dec 23, 2016
Closed on
Jan 23, 2017
Sold by
Gu Xiehua
Bought by
Wang Hao
Seller's Agent
Patrick Bartolic
Coldwell Banker Realty
Buyer's Agent
Mehdi Khosh
Berkshire Hathaway HomeService
List Price
$82,850,000
Sold Price
$8,815,000
Premium/Discount to List
-$74,035,000
-89.36%

Purchase Details

Closed on
Apr 11, 2016
Sold by
Lee Sam Kuk and Lee Do Kyung
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Oct 30, 2006
Sold by
Ibar Development Llc
Bought by
Lee Sam Kuk and Lee Do Kyung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 28, 1995
Sold by
Abdullah Maha Bint Fahd Bin
Bought by
Abdulrahman Fahd Bin Khalid Bin Abdullah Bin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.98%

Purchase Details

Closed on
Apr 27, 1995
Sold by
The Irvine Company
Bought by
Abdulrahman Fahd Bin Khalid Bin Abdullah Bin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.98%

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
Gu Xiehua -- None Available
Wang Hao $8,815,000 Chronos Title Inc
Wang Hao -- Chronos Title Inc
The Bank Of New York Mellon $7,905,000 Accommodation
Lee Sam Kuk $9,500,000 Stewart Title Irvine
Abdulrahman Fahd Bin Khalid Bin Abdullah Bin -- First American Title Ins Co
Abdulrahman Fahd Bin Khalid Bin Abdullah Bin -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Sam Kuk $5,000,000
Previous Owner Lee Sam Kuk $950,000
Previous Owner Lee Sam Kuk $5,700,000
Previous Owner Ibar Development Llc $4,062,500
Previous Owner Bar Development Llc $3,815,000
Previous Owner Ibar Development Llc $988,000
Previous Owner Abdulrahman Fahd Bin Khalid Bin Abdullah Bin $2,500,000
Previous Owner Abdulrahman Fahd Bin Khalid Bin Abdullah Bin $1,927,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2017 01/27/17 Sold $8,815,000 -89.4% $1,018 / Sq Ft
01/06/2017 01/06/17 Pending -- -- --
12/23/2016 12/23/16 For Sale $82,850,000 -- $9,568 / 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 $107,766 $10,029,964 $6,559,678 $3,470,286
2023 $105,342 $9,833,299 $6,431,057 $3,402,242
2022 $103,605 $9,640,490 $6,304,958 $3,335,532
2021 $101,119 $9,451,461 $6,181,331 $3,270,130
2020 $100,745 $9,354,548 $6,117,949 $3,236,599
2019 $98,826 $9,171,126 $5,997,989 $3,173,137
2018 $96,857 $8,991,300 $5,880,381 $3,110,919
2017 $98,047 $8,991,300 $5,846,451 $3,144,849
2016 $119,042 $10,751,858 $7,712,068 $3,039,790
2015 $118,023 $10,590,356 $7,596,226 $2,994,130
2014 $115,272 $10,382,906 $7,447,426 $2,935,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16767213

California Regional Multiple Listing Service (CRMLS)

APN: 473-071-26