NOT LISTED FOR SALE

Estimated Value: $7,806,000 - $9,111,932

5 Beds
5.5 Baths
5,100 Sq Ft
$1,654/Sq Ft Est. Value

Last Sold October 19, 2012

Last sale price $3,175,000 $623 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $47,993/month

215 Days on Market

Highlights

  • Koi Pond
  • Gated with Attendant
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Private Pool
  • City Lights View

About This Home

As of October 2012

One of the largest homes on one of the largest lots in the desirable guard-gated Montecito community of Pelican Heights. Located at the end of a manicured cul-de-sac, this estate-like property features its own long, separately-gated drive and circular motor court, creating a very private and secure feeling unlike any other in the community. The oversized plan 3 residence is bright and open, perfect for entertaining, and includes the finest options and pristine finishes. The ample grounds include a koi pond with stone bridge, putting green and plenty of room for a pool or spa. The home overlooks a quiet canyon with city lights and the mountains beyond. Lot is approximately 17,480 square feet and the home is over 5,000 square feet.

Last Agent to Sell the Property

Chris Guziak

Coldwell Banker Realty License #01487719 Listed on: 02/02/2012

Coldwell Banker Realty

Last Buyer's Agent

Jason C Bradshaw

Coldwell Banker Realty License #01304396

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,498

Year Built

  • Built in 2002

Lot Details

  • 0.4 Acre Lot
  • Cul-De-Sac
  • Glass Fence
  • Stucco Fence

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway
  • Automatic Gate

Property Views

  • City Lights
  • Canyon
  • Mountain

Home Design

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

Interior Spaces

  • 5,100 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Shutters
  • French Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Home Office

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Freezer
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Fire and Smoke Detector

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Koi Pond
  • Outdoor Grill

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 1
  • Assessor Parcel Number 47303412

Community Details

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,498

Year Built

Built in 2002

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: Preferred
  • Other Phone Number: 949-285-0509
  • Property Attached: No
  • Security: Automatic Gate, Fire and Smoke Detection System, Gated with Guard, Security System
  • Subdivision Name Other: Montecito
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303412
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5100.00
  • Interior Amenities: Built-in Features, Coffered Ceiling(s), Crown Molding, Granite Counters, Intercom, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 622.55
  • Room Type: Family Room, Formal Entry, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Separate Family Room, Office
  • Spa Features: Association
  • Window Features: Shutters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Koi Pond
  • View: City Lights, Canyon, Mountain(s)
  • Fence: Yes
  • Fencing: Glass, Stucco Wall
  • Patio And Porch Features: Covered, Patio, Stone
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Barbecue, Built-In, Freezer, Gas Cooking, Disposal, Range Hood, Oven, Range, Refrigerator, Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 85.00
  • Association #2 Fee: 575.00
  • Phone: 0000000000
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 17480.00
  • Lot Size Acres: 0.4010

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17480.0000 Square Feet

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2023
Sold by
Dhillon Kimvir and Dhillon Priya
Bought by
Dhillon Family Trust
Current Estimated Value
$8,432,983

Purchase Details

Listed on
Feb 2, 2012
Closed on
Sep 11, 2012
Sold by
Phone Lily Lin Lin
Bought by
Dhillon Kimvir and Dhillon Priva
Seller's Agent
Chris Guziak
Coldwell Banker Realty
Buyer's Agent
Jason C Bradshaw
Coldwell Banker Realty
List Price
$3,850,000
Sold Price
$3,175,000
Premium/Discount to List
-$675,000
-17.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%
Original Mortgage
$2,377,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2006
Sold by
Chieh Lily P
Bought by
Phone Lily Lin Lin and The Lily Lin Lin Pone Trust

Purchase Details

Closed on
Dec 22, 2004
Sold by
Chieh Lily
Bought by
Chieh Lily P and The Lily P Chieh Trust

Purchase Details

Closed on
Oct 22, 2004
Sold by
Chieh Lily P
Bought by
Chieh Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2004
Sold by
Chieh Peter
Bought by
Chieh Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2004
Sold by
Chieh Lily
Bought by
Chieh Lily P and The Lily P Chieh Trust

Purchase Details

Closed on
Jul 25, 2003
Sold by
Chieh Peter and Chieh Lily
Bought by
Chieh Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.25%
Mortgage Type
Unknown

Purchase Details

Closed on
May 22, 2002
Sold by
Cph Newport Coast Llc
Bought by
Chieh Peter and Chieh Lily

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
4.75%
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
Dhillon Family Trust -- None Listed On Document
Dhillon Kimvir $3,175,000 Chicago Title Company
Phone Lily Lin Lin -- None Available
Chieh Lily P -- --
Chieh Lily -- Fidelity National Title Co
Chieh Lily -- Fidelity National Title Co
Chieh Lily P -- --
Chieh Lily -- --
Chieh Peter $1,765,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dhillon Kimvir $2,047,000
Previous Owner Dhillon Kimvir $2,377,000
Previous Owner Chieh Lily $920,000
Previous Owner Chieh Peter $975,000
Previous Owner Chieh Peter $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2012 10/19/12 Sold $3,175,000 -12.9% $623 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
08/01/2012 08/01/12 Price Changed $3,645,000 -5.3% $715 / Sq Ft
02/02/2012 02/02/12 For Sale $3,850,000 -- $755 / 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 $41,498 $3,909,781 $2,819,832 $1,089,949
2024 $41,498 $3,833,119 $2,764,541 $1,068,578
2023 $40,611 $3,757,960 $2,710,334 $1,047,626
2022 $39,937 $3,684,275 $2,657,190 $1,027,085
2021 $38,622 $3,612,035 $2,605,088 $1,006,947
2020 $38,829 $3,574,999 $2,578,377 $996,622
2019 $38,210 $3,504,901 $2,527,820 $977,081
2018 $37,454 $3,436,178 $2,478,255 $957,923
2017 $37,862 $3,368,802 $2,429,661 $939,141
2016 $39,640 $3,302,748 $2,382,021 $920,727
2015 $39,360 $3,253,138 $2,346,241 $906,897
2014 $38,480 $3,189,414 $2,300,281 $889,133
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: L38050

California Regional Multiple Listing Service (CRMLS)

APN: 473-034-12