NOT LISTED FOR SALE

Estimated Value: $6,355,000 - $8,514,089

4 Beds
4.5 Baths
4,400 Sq Ft
$1,737/Sq Ft Est. Value

Last Sold June 20, 2012

Last sale price $2,800,000 $636 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $43,782/month

50 Days on Market

Highlights

  • Private Pool
  • Clubhouse
  • Mediterranean Architecture
  • Newport Coast Elementary School Rated A
  • Retreat
  • Pool View

About This Home

As of June 2012

Stunning Perazul Plan II villa located on a corner lot in the guard gated community of Ocean Heights boasts a private entry courtyard with stone fountain and entry tower. This highly customized residence offers an impressive entry foyer with a crystal chandelier, premium marble stone floors and dramatic silk drapery throughout the main level, wood paneled executive office and bathroom suite, and voluminous high ceilings in the two story great/family room with grand scale alabaster hanging fixture and fireplace. Main floor master suite with retreat. Sets of French doors open onto central courtyard with fireplace and stately mature palms. Chef inspired gourmet kitchen with stainless appliances, custom cabinetry, center island and breakfast nook overlooking a resort-like lushly landscaped rear yard with private pool and spa, barbeque, outdoor stone fireplace and expansive flagstone terraces. Two additional bedroom suites on the upper level. Three car garage with epoxy flooring.

Last Agent to Sell the Property

Kathryn White

Coldwell Banker Realty License #01346645 Listed on: 04/23/2012

Coldwell Banker Realty

Last Buyer's Agent

James McGlothlin

HomeSmart Evergreen Realty License #01839823

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,152

Year Built

  • Built in 2000

Lot Details

  • 0.25 Acre Lot
  • Sprinklers Throughout Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Three Garage Doors

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 4,400 Sq Ft Home
  • Fireplace With Gas Starter
  • Fireplace Features Masonry
  • French Doors
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Den
  • Home Gym
  • Pool Views
  • Laundry in unit

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Walk-In Closet

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Stone Porch or Patio
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 15079
  • Assessor Parcel Number 47813101

Community Details

Overview

  • Property has a Home Owners Association
  • Portofino

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,152

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: Preferred
  • Other Phone Number: 949-433-0315
  • Property Attached: No
  • Subdivision Name Other: Perazul
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47813101
  • Year Built: 2000
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4400.00
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Family Kitchen, Dining Room
  • Fireplace Features: Gas Starter, Masonry
  • Levels: Two
  • Price Per Square Foot: 636.36
  • Room Type: Den, Exercise Room, Living Room, Walk-In Closet, Retreat
  • Spa Features: Association, Private

Exterior Features

  • Patio: Yes
  • View: Pool
  • Fence: No
  • Patio And Porch Features: Stone
  • Pool Features: Association, Private
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: No
  • Appliances: Barbecue, Built-In, Double Oven, Dishwasher, Microwave, Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Clubhouse Paid, Pool, Spa/Hot Tub, Sport Court, Tennis Court(s), Trash
  • Association Fee: 542.00
  • Phone: Call
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side
  • Lot Size Sq Ft: 11070.00
  • Lot Size Acres: 0.2540

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11070.0000 Square Feet

Tax Info

  • Tax Lot: 57
  • Tax Tract Number: 15079

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2015
Sold by
Kim Hi Kyung
Bought by
Kim Family Trust
Current Estimated Value
$7,644,030

Purchase Details

Listed on
Apr 23, 2012
Closed on
Jun 11, 2012
Sold by
Aftabi Arash and Farnoush Fadavi
Bought by
Kim Hi Kyung
Seller's Agent
Kathryn White
Coldwell Banker Realty
Buyer's Agent
James McGlothlin
HomeSmart Evergreen Realty
List Price
$2,995,000
Sold Price
$2,800,000
Premium/Discount to List
-$195,000
-6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%

Purchase Details

Listed on
Apr 23, 2012
Closed on
Jun 8, 2012
Sold by
Kim Yoon
Bought by
Kim Hi Kyung
Seller's Agent
Kathryn White
Coldwell Banker Realty
Buyer's Agent
James McGlothlin
HomeSmart Evergreen Realty
List Price
$2,995,000
Sold Price
$2,800,000
Premium/Discount to List
-$195,000
-6.51%

Purchase Details

Closed on
Feb 15, 2007
Sold by
Aftabi Arash and Farnoush Fadavi
Bought by
Aftabi Arash and Farnoush Fadavi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2005
Sold by
Aftabi Arash and Fadavi Farnoush
Bought by
Aftabi Arash and Fadavi Farnoush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,975,000
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 24, 2004
Sold by
Aftabi Arash and Fadavi Farnoush
Bought by
Aftabi Arash and Fadavi Farnoush

Purchase Details

Closed on
Nov 18, 2003
Sold by
Aftabi Arash and Fadavi Farnoush
Bought by
Aftabi Arash and Fadavi Farnoush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2002
Sold by
Pack Robert C
Bought by
Aftabi Arash and Fadavi Farnoush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
7.13%

Purchase Details

Closed on
May 10, 2000
Sold by
Taylor Woodrow Homes Inc
Bought by
Pack Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.75%
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
Kim Family Trust -- None Available
Kim Hi Kyung $2,800,000 Advantage Title Inc
Kim Hi Kyung -- Advantage Title Inc
Aftabi Arash -- Lsi Title Company
Aftabi Arash -- --
Aftabi Arash -- Ticor Title
Aftabi Arash -- --
Aftabi Arash -- Ticor Title Company
Aftabi Arash -- First American Title Co
Pack Robert C -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aftabi Arash $500,000
Previous Owner Aftabi Arash $1,975,000
Previous Owner Aftabi Arash $1,475,000
Previous Owner Aftabi Arash $1,330,000
Previous Owner Pack Robert C $1,000,000
Closed Pack Robert C $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2012 06/20/12 Sold $2,800,000 -6.5% $636 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
04/23/2012 04/23/12 For Sale $2,995,000 -- $681 / 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 $37,152 $3,516,954 $2,017,352 $1,499,602
2024 $37,152 $3,447,995 $1,977,796 $1,470,199
2023 $36,363 $3,380,388 $1,939,016 $1,441,372
2022 $35,758 $3,314,106 $1,900,996 $1,413,110
2021 $34,508 $3,249,124 $1,863,722 $1,385,402
2020 $34,842 $3,215,809 $1,844,612 $1,371,197
2019 $34,306 $3,152,754 $1,808,443 $1,344,311
2018 $33,629 $3,090,936 $1,772,984 $1,317,952
2017 $33,884 $3,030,330 $1,738,220 $1,292,110
2016 $35,086 $2,970,912 $1,704,137 $1,266,775
2015 $34,841 $2,926,287 $1,678,540 $1,247,747
2014 $34,050 $2,868,966 $1,645,660 $1,223,306
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12001628

California Regional Multiple Listing Service (CRMLS)

APN: 478-131-01