NOT LISTED FOR SALE

Estimated Value: $7,962,000 - $9,599,000

5 Beds
5.5 Baths
5,048 Sq Ft
$1,732/Sq Ft Est. Value

Highlights

  • Ocean View
  • 24-Hour Security
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • Spa
  • Fireplace in Primary Bedroom Retreat

About This Home

As of January 2018

Stunning home in Pelican Heights with an oversized yard with pool and spa. Spectacular Ocean Views. A modern style decorator perfect home with numerous custom upgrades.
Beautiful marbles, custom chandeliers, a large gourmet kitchen. Stunning sunsets and views over the harbor and coastline make this an exceptional location and home . Mediterranean style exterior in a 24 hour gate guarded community. Minutes from the beaches of Orange County, the 73 Freeway and Fashion Island. Local restaurants abound from Newport to Laguna Beach and the ever famous Crystal Cove. Orange County's Performing Arts center is minutes away and so is South Coast Plaza's shopping. One of the best places in the world to live.

Last Agent to Rent the Property

Stefanie Meurer

Coldwell Banker Platinum Prop License #00816764 Listed on: 10/10/2017

Coldwell Banker Platinum Prop

Last Renter's Agent

Stefanie Meurer

Coldwell Banker Platinum Prop License #00816764 Listed on: 10/10/2017

Coldwell Banker Platinum Prop

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,239

Year Built

  • Built in 2001

Lot Details

  • 0.33 Acre Lot
  • Cul-De-Sac
  • Fenced
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Panoramic
  • City Lights

Home Design

  • Mediterranean Architecture
  • Fire Rated Drywall
  • Tile Roof
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 5,048 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Double Pane Windows
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Dining Room

Kitchen

  • Self-Cleaning Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Spa
  • Slab Porch or Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $20,000
  • Rent includes association dues, gardener, trash collection
  • 12-Month Minimum Lease Term
  • Available 8/1/16
  • Tax Lot 21
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303402

Community Details

Overview

  • Property has a Home Owners Association
  • $100 HOA Transfer Fee
  • Merit Association
  • Built by Montecito
  • Plan 3

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,239

Year Built

Built in 2001

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2016-08-01
  • Credit Check Paid By: Tenant
  • Deposit Security: 20000
  • Furnished: Unfurnished
  • Total Move In Costs: 37500.00
  • Transfer Fees: 100.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Assessments: Yes
  • Inclusions: Gardener and Pool man included
  • Other Phone Description: agent cell
  • Other Phone Number: 949-3228208
  • Property Attached: No
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Montecito (MONT)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 47303402
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5048.00 Square Feet
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Copper Plumbing Partial
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Master Retreat
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.58
  • Room Type: Family Room, Formal Entry, Master Bedroom, Master Suite, Retreat, Walk-In Closet
  • Spa Features: Association
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: City Lights, Coastline, Harbor, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Excellent Condition
  • Builder Name: Montecito
  • Patio And Porch Features: Patio, Slab
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Composition, Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

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

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Natural Gas
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Merit
  • Senior Community: No
  • Community Features: Curbs, Gutters

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac
  • Lot Size Sq Ft: 14563.00

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Management Co: Merit
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener, Trash Collection

Tax Info

  • Tax Lot: 21
  • Tax Model: 3
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2000
Sold by
Cph Newport Coast Llc
Bought by
Benbassat William A
Current Estimated Value
$8,741,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,386,350
Interest Rate
6.98%
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
Benbassat William A $1,981,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benbassat William A $2,600,000
Closed Benbassat William A $1,000,000
Closed Benbassat William A $2,668,750
Closed Benbassat William A $1,685,000
Closed Benbassat William A $2,000,000
Closed Benbassat William A $1,450,000
Closed Benbassat William A $1,310,000
Previous Owner Benbassat William A $1,386,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2018 01/15/18 Rented $130,000 +845.5% --
01/09/2018 01/09/18 Off Market $13,750 -- --
10/10/2017 10/10/17 For Rent $13,750 +5.8% --
09/19/2016 09/19/16 Rented $13,000 -10.3% --
08/26/2016 08/26/16 Price Changed $14,500 -4.6% $3 / Sq Ft
08/21/2016 08/21/16 Price Changed $15,200 -5.0% $3 / Sq Ft
07/10/2016 07/10/16 Price Changed $16,000 -8.6% $3 / Sq Ft
06/26/2016 06/26/16 For Rent $17,500 0.0% --
06/22/2016 06/22/16 Off Market $17,500 -- --
06/21/2016 06/21/16 For Rent $17,500 0.0% --
06/16/2016 06/16/16 Off Market $17,500 -- --
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 $32,239 $3,032,287 $2,065,585 $966,702
2024 $32,239 $2,972,831 $2,025,083 $947,748
2023 $31,566 $2,914,541 $1,985,376 $929,165
2022 $31,041 $2,857,394 $1,946,447 $910,947
2021 $29,897 $2,801,367 $1,908,281 $893,086
2020 $30,262 $2,772,643 $1,888,714 $883,929
2019 $29,824 $2,718,278 $1,851,680 $866,598
2018 $29,238 $2,664,979 $1,815,373 $849,606
2017 $29,794 $2,612,725 $1,779,777 $832,948
2016 $31,755 $2,561,496 $1,744,880 $816,616
2015 $31,551 $2,523,020 $1,718,670 $804,350
2014 $30,855 $2,473,598 $1,685,004 $788,594
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17232785

California Regional Multiple Listing Service (CRMLS)

APN: 473-034-02