NOT LISTED FOR SALE

Estimated Value: $8,606,000 - $18,131,234

4 Beds
4.5 Baths
3,948 Sq Ft
$3,386/Sq Ft Est. Value

Last Sold December 28, 2016

Last sale price $12,600,000 $3,191 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $87,103/month

119 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Cooling Available
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • Carpet

About This Home

As of December 2016

Offering incomparable bay views, this is possibly a once in a lifetime opportunity to create your dream estate on the gold coast of Newport's highly coveted and prestigious gated community of Harbor Island. The extraordinary main channel and anchor basin vistas feature all the activities up and down the bay from beyond the Pavillion to Lido Isle making this a true trophy property! Southwestern exposure allows for just the right amount of sun all day and breathtaking sunsets in the evening. And unique to most bay front properties there is also a spacious waterfront terrace and lawn ideal for entertaining large groups or just enjoying your own private sanctuary. Although the existing home is older, it is certainly a warm and inviting place to remodel or live in while you plan for the home of your dreams. Park your large yacht right in front, but you may never want to leave!

Last Agent to Sell the Property

Joanne Perkins

Surterre Properties Inc. License #00571006 Listed on: 08/11/2016

Surterre Properties Inc.

Last Buyer's Agent

Michael Carpenter

Compass License #01221473

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $169,683

Year Built

  • Built in 1940

Lot Details

  • 7,550 Sq Ft Lot
  • Property Fronts a Bay or Harbor

HOA Fees

  • $262 Monthly HOA Fees

Parking

  • 3 Car Garage

Property Views

  • Bay
  • Harbor

Home Design

  • Fixer Upper
  • Slab Foundation

Interior Spaces

  • 3,948 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite

Additional Features

  • Private Dock Site
  • Cooling Available

Community Details

  • Harbor Island Community Association

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 802
  • Assessor Parcel Number 05023027

Home Details

Home Type

Single Family

Est. Annual Taxes

$169,683

Year Built

Built in 1940

Lot Details

0

HOA Fees

$262 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: Duffy hoist
  • Other Phone Number: 949-632-3993
  • Property Attached: No
  • Subdivision Name Other: Harbor Island (HARI)
  • View: Yes
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05023027
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3948.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 3191.49
  • Room Type: Master Suite

Exterior Features

  • Foundation: Slab
  • Exterior Features: Dock Private
  • View: Bay, Harbor
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 3140.00
  • Association Fee Frequency: Annually
  • Association Name: Harbor Island Community Association
  • Senior Community: No
  • Community Features: Storm Drains

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 7550.00
  • Price Per Lot Square Foot: 2317.88

Multi Family

  • Lease Considered: No
  • Waterfront Features: Bay Front

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2016
Closed on
Dec 15, 2016
Sold by
Elliott Armstrong Christine and Storstad Kimberly E
Bought by
Pickup Todd and Pickup Natalie
Seller's Agent
Joanne Perkins
Surterre Properties Inc.
Buyer's Agent
Michael Carpenter
Compass
List Price
$17,500,000
Sold Price
$12,600,000
Premium/Discount to List
-$4,900,000
-28%
Current Estimated Value
$13,368,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$768,617
Avg. Annual Appreciation
0.37%

Purchase Details

Closed on
Aug 7, 2012
Sold by
Elliott Beverly S
Bought by
Elliott Armstrong Christine and Storstad Kimberly E

Purchase Details

Closed on
Aug 23, 2010
Sold by
Elliott Beverley S
Bought by
Elliott Beverley S and The Elliott Family Survivors Trust
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
Pickup Todd $12,600,000 Chicago Title Company
Elliott Armstrong Christine -- None Available
Elliott Beverley S -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2016 12/28/16 Sold $12,600,000 -15.4% $3,191 / Sq Ft
11/28/2016 11/28/16 Price Changed $14,900,000 -8.6% $3,774 / Sq Ft
10/11/2016 10/11/16 Price Changed $16,300,000 -6.9% $4,129 / Sq Ft
08/11/2016 08/11/16 For Sale $17,500,000 -- $4,433 / 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 $169,683 $16,410,725 $14,169,208 $2,241,517
2024 $169,683 $16,088,947 $13,891,381 $2,197,566
2023 $161,175 $15,338,603 $13,619,001 $1,719,602
2022 $146,966 $13,938,251 $13,351,962 $586,289
2021 $142,504 $13,509,745 $13,090,159 $419,586
2020 $141,139 $13,371,220 $12,955,936 $415,284
2019 $138,178 $13,109,040 $12,701,898 $407,142
2018 $135,410 $12,852,000 $12,452,841 $399,159
2017 $133,008 $12,600,000 $12,208,667 $391,333
2016 $72,313 $6,863,737 $6,443,630 $420,107
2015 $71,638 $6,760,638 $6,346,841 $413,797
2014 $69,945 $6,628,207 $6,222,515 $405,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16177406

California Regional Multiple Listing Service (CRMLS)

APN: 050-230-27