NOT LISTED FOR SALE

Estimated Value: $6,543,000 - $10,233,000

6 Beds
6.5 Baths
8,000 Sq Ft
$1,048/Sq Ft Est. Value

Last Sold December 10, 2014

Last sale price $8,995,000 $1,124 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $54,728/month

148 Days on Market

Highlights

  • Wine Cellar
  • Home Theater
  • Primary Bedroom Suite
  • Harbor View Elementary School Rated A
  • In Ground Pool
  • Ocean Side of Highway 1

About This Home

As of December 2014

Built in 1991 as the personal residence of William D. Lusk, co-owner of Lusk Development Co. Built on the equivalent of 3 contiguous lots in a premier location, this is one of the largest, most valuable assemblages of land in the Corona del Mar Village. Carefully re-crafted in 2006 with exotic finishes of solid hardwood & imported stone flooring, solid teak doors, windows & paneling, Venetian Plaster, custom handcrafted timber & stone fireplace surrounds and topline appliances. Grand living room with massive fireplace & mantle opens to the side and rear yards with lush vegetation, sparkling pool & spa, plus a Gazebo with fireplace & BBQ area featuring heated stone flooring. Expansive Master Suite overlooking yard and garden, with vaulted teak ceiling, his & hers vanities, soaking tub, steam shower, & imported stone flooring from a European Monastery. Culinary kitchen with custom 72” La Cornue range, Sub Zero refrigeration, warming drawers, solid teak cabinetry with granite & Calcutta marble counter tops. The lower level has a game room, theater with Cinema projection screen & wine cellar with an elevator servicing all levels. Currently configured as 4 bedrooms plus gym and office/library that could be converted to 2 additional bedrooms suites.

Last Agent to Sell the Property

Timothy Tamura

VALIA Properties License #01305097 Listed on: 07/08/2014

Co-Listed By

Randy Kershaw

VALIA Properties License #01308981

Last Buyer's Agent

Timothy Tamura

VALIA Properties License #01305097 Listed on: 07/08/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $120,439

Year Built

  • Built in 1991

Lot Details

  • 10,620 Sq Ft Lot
  • Property fronts an alley
  • Level Lot
  • Garden
  • Back and Front Yard

Parking

  • 3 Car Attached Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 8,000 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Formal Entry
  • Wine Cellar
  • Great Room
  • Living Room with Fireplace
  • Home Theater
  • Library with Fireplace
  • Home Gym
  • Walk-In Pantry
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Ocean Side of Highway 1
  • Stone Porch or Patio
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 05217229

Home Details

Home Type

Single Family

Est. Annual Taxes

$120,439

Year Built

Built in 1991

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Listing Office
  • Other Phone Number: 949-673-0789
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05217229
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8000.00
  • Interior Amenities: 2 Staircases
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Entry Level: 1
  • Fireplace Features: Library, Living Room, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 1124.38
  • Room Type: Entry, Formal Entry, Foyer, Great Room, Exercise Room, Master Suite, Walk-In Pantry, Walk-In Closet, Home Theatre, Wine Cellar
  • Spa Features: In Ground, Private

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Stone
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Level, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10620.00
  • Lot Size Acres: 0.2440

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10620.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2014
Closed on
Nov 24, 2014
Sold by
Levy Bruce T
Bought by
Bruce T Levy Declaration Of Trust and Bruce T Levy Trust
Seller's Agent
Timothy Tamura
VALIA Properties
Buyer's Agent
Timothy Tamura
VALIA Properties
List Price
$8,995,000
Sold Price
$8,995,000
Current Estimated Value
$8,388,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$607,000
Avg. Annual Appreciation
2.13%

Purchase Details

Listed on
Jul 8, 2014
Closed on
Nov 21, 2014
Sold by
Itf Ltd
Bought by
Levy Bruce T and Levy Jane E
Seller's Agent
Timothy Tamura
VALIA Properties
Buyer's Agent
Timothy Tamura
VALIA Properties
List Price
$8,995,000
Sold Price
$8,995,000

Purchase Details

Closed on
Feb 4, 2008
Sold by
Naff Llc
Bought by
Itf Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2007
Sold by
Naff Ii Llc
Bought by
Naff Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2006
Sold by
Itf Ltd
Bought by
Naff Ii Llc

Purchase Details

Closed on
Mar 5, 2004
Sold by
Shay Brian J and Shay Stephanie A
Bought by
Itf Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2001
Sold by
Shay Brian J and Shay Stephanie A
Bought by
Shay Brian J and Shay Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.15%

Purchase Details

Closed on
Jun 8, 2000
Sold by
Brian Pratt and Brian Barbara
Bought by
Shay Brian J and Shay Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 17, 1996
Sold by
Lusk William D and Lusk Ann F
Bought by
Pratt Brian and Pratt Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
4.95%
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
Bruce T Levy Declaration Of Trust -- Accommodation
Levy Jane E -- Accommodation
Levy Bruce T $9,000,000 First American Title Company
Itf Ltd -- First American Title Company
Naff Llc -- Accommodation
Naff Ii Llc -- First American Title Co
Itf Ltd $5,500,000 Fidelity National Title
Shay Brian J -- Fidelity National Title Ins
Shay Brian J $3,100,000 Guardian Title Company
Pratt Brian -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Itf Ltd $250,000
Previous Owner Itf Ltd $5,000,000
Previous Owner Itf Ltd $4,000,000
Previous Owner Itf Ltd $5,000,000
Previous Owner Shay Brian J $1,130,000
Previous Owner Shay Brian J $1,100,000
Previous Owner Shay Brian J $1,100,000
Previous Owner Pratt Brian $2,000,000
Previous Owner Pratt Brian $1,365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2014 12/10/14 Sold $8,995,000 0.0% $1,124 / Sq Ft
12/03/2014 12/03/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $8,995,000 -- $1,124 / 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 $120,439 $11,637,041 $8,877,976 $2,759,065
2024 $120,439 $11,408,864 $8,703,898 $2,704,966
2023 $117,634 $11,185,161 $8,533,233 $2,651,928
2022 $115,703 $10,965,845 $8,365,915 $2,599,930
2021 $113,477 $10,750,829 $8,201,878 $2,548,951
2020 $112,390 $10,640,593 $8,117,778 $2,522,815
2019 $110,033 $10,431,954 $7,958,605 $2,473,349
2018 $107,830 $10,227,406 $7,802,554 $2,424,852
2017 $105,917 $10,026,869 $7,649,563 $2,377,306
2016 $103,522 $9,830,264 $7,499,571 $2,330,693
2015 $95,352 $9,000,000 $7,386,921 $1,613,079
2014 $67,057 $6,346,448 $4,597,798 $1,748,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14144721

California Regional Multiple Listing Service (CRMLS)

APN: 052-172-29