NOT LISTED FOR SALE

225 Marguerite Ave Corona Del Mar, CA 92625

Corona Del Mar Neighborhood

Estimated Value: $3,766,107 - $5,069,000

3 Beds
3 Baths
1,622 Sq Ft
$2,764/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $2,425,000 $1,495 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $25,373/month

77 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Rectangular Lot
  • Harbor View Elementary School Rated A
  • Laundry Room
  • 4-minute walk to Bayside Drive Park

About This Home

As of May 2020

This charming Corona del Mar three bedroom, two bathroom cottage and one bedroom, one bath unit is available for the first time in nearly 45 years. Gracious, cute, and in fairly original condition, it is ready for its next owner to remodel or rebuild. The property is a standard sized 30' x 118' lot in an extraordinary location, just one block south to big Corona Beach and one block north to all of the fun, shops, and restaurants in Corona Del Mar Village. The property is zoned R-2 and benefits from only having a 5' front setback, which allows for greater square footage than other CDM locations. Ocean views seem likely from a second story or third story roof deck. The property is being sold in "as-is" condition and the seller will do no repairs or termite corrective work.

Last Agent to Sell the Property

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 03/10/2020

Pacific Sotheby’s International Realty

Co-Listed By

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496

Last Buyer's Agent

Casey Lesher

Christie's International R.E. Southern California License #01795953

Christie's International R.E. Southern California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,900

Year Built

  • Built in 1946

Lot Details

  • 3,541 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,622 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 4 Main Level Bedrooms
  • 3 Full Bathrooms

Utilities

  • Sewer Paid

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 23 / 138
  • Tax Tract Number 648
  • Assessor Parcel Number 05211220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,900

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 05211220
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1622.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1495.07
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 3541.00
  • Lot Size Acres: 0.0813

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3541.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 138
  • Tax Census Tract: 627.02
  • Tax Lot: 23
  • Tax Tract Number: 648

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2020
Closed on
Apr 23, 2020
Sold by
Tafoya Nancy Goetz
Bought by
Cortes Vincent and Cortes Michele
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Casey Lesher
Christie's International R.E. Southern California
List Price
$2,550,000
Sold Price
$2,425,000
Premium/Discount to List
-$125,000
-4.9%
Current Estimated Value
$4,173,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,748,204
Avg. Annual Appreciation
10.42%
Original Mortgage
$1,500,000
Outstanding Balance
$1,340,784
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$2,711,582

Purchase Details

Closed on
Mar 15, 1996
Sold by
Hurley Patricia Anne
Bought by
Hurley Patricia Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Cortes Vincent $2,425,000 Chicago Title
Hurley Patricia Anne -- Fidelity National Title Ins
Hurley Patricia Anne -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cortes Vincent $1,500,000
Previous Owner Hurley Patricia Anne $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $2,425,000 -4.9% $1,495 / Sq Ft
03/10/2020 03/10/20 For Sale $2,550,000 -- $1,572 / 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 $27,900 $2,600,089 $2,530,069 $70,020
2023 $27,246 $2,549,107 $2,480,459 $68,648
2022 $26,792 $2,499,125 $2,431,823 $67,302
2021 $26,280 $2,450,123 $2,384,140 $65,983
2020 $26,291 $2,450,000 $2,384,094 $65,906
2019 $2,280 $176,691 $137,895 $38,796
2018 $2,237 $173,227 $135,191 $38,036
2017 $2,198 $169,831 $132,540 $37,291
2016 $2,152 $166,501 $129,941 $36,560
2015 $2,128 $164,000 $127,989 $36,011
2014 $2,078 $160,788 $125,482 $35,306
Source: Public Records

Agents Affiliated with this Home

  • Steve High

    Seller's Agent in 2020

    Steve High

    Pacific Sotheby’s International Realty

    (949) 874-4724

    8 in this area

    71 Total Sales

    Section Image
  • Evan Corkett

    Seller Co-Listing Agent in 2020

    Evan Corkett

    Pacific Sotheby's Int'l Realty

    (949) 285-1055

    9 in this area

    47 Total Sales

    Section Image
  • Casey Lesher

    Buyer's Agent in 2020

    Casey Lesher

    Christie's International R.E. Southern California

    (949) 554-1200

    181 in this area

    321 Total Sales

    Section Image
  • Julio Cervantes Raya

    Buyer Co-Listing Agent in 2020

    Julio Cervantes Raya

    Christie's International

    (714) 224-8091

    13 in this area

    24 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20053556

California Regional Multiple Listing Service (CRMLS)

APN: 052-112-20

California Orange County Corona Del Mar 92625 Corona Del Mar

225 Marguerite Ave, Corona Del Mar, CA

This home is located at 225 Marguerite Ave, Corona Del Mar, CA 92625 since 10 March 2020 and is currently estimated at $4,483,777, approximately $2,764 per square foot. This property was built in 1946. 225 Marguerite Ave is a home located in Orange County with nearby schools including Harbor View Elementary School, Corona del Mar Middle and High School, and Harbor Day School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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