NOT LISTED FOR SALE

Estimated Value: $3,692,000 - $4,403,000

5 Beds
5.5 Baths
5,472 Sq Ft
$736/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $3,150,000 $576 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $24,831/month

253 Days on Market

Highlights

  • Marina
  • Docks
  • Marina View
  • Property has ocean access
  • Home fronts a seawall
  • Heated Spa

About This Home

As of August 2021

Magnificent harbor estate in Mandalay Bay at Channel Islands Harbor is 1/2 way between Malibu & Santa Barbara. Your world will be filled w/ sunsets, kayaking, boating, paddle boarding, yacht clubs, wineries, golfing, shopping & restaurants. This brilliantly conceived & executed, stone & stucco manor inspired home offers 6000 sq ft of grand luxury perfectly positioned on 85 ft of water frontage w/ 85 ft dock for your large yacht & multiple water toys. Landscaped yard has grass play area, patio, fountain & wrap around deck features 2400 sq ft of entertainment area w/ granite surround DCS BBQ & serving station, stone surround fire pit & end the day relaxing in the stone hot tub facing harbor. Multiple opportunities for recreation & entire property is ideal for entertaining on any scale, as well as quiet relaxation. Facing west & enjoying breathtaking sunsets, the waterfront property is as impressive as the house. In addition to the only 4 car garage in Mandalay Bay w/ around 1000 sq ft this estate exudes a rich tapestry of English details, the finest materials, thoughtful floor plan w/ 5 well-proportioned principal rooms, multiple living rooms, family suite, 5 fireplaces, epicurean's dream kitchen/formal dining room, library, offices, granite & marble in kitchen & bathrooms & master bath w/ jetted spa tub, shower w/ steam, bidet, sauna & upstairs balconies off of master & library are uniquely oriented towards the most breathtaking water views. Note! No Mello-Roos, no dock fees!

Last Agent to Sell the Property

Mike Losey

RE/MAX Gold Coast-Beach Marina Office License #00597162 Listed on: 11/25/2020

RE/MAX Gold Coast-Beach Marina Office

Last Buyer's Agent

Desti & Michele Group

RE/MAX Gold Coast-Beach Marina Office License #01917995

RE/MAX Gold Coast-Beach Marina Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,364

Year Built

  • Built in 1981

Lot Details

  • 8,500 Sq Ft Lot
  • Home fronts a seawall
  • Home fronts a canal
  • West Facing Home

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Marina
  • Harbor
  • Canal
  • Mountain

Home Design

  • English Architecture

Interior Spaces

  • 5,472 Sq Ft Home
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Library with Fireplace
  • Laundry Room

Kitchen

  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Fireplace in Bathroom

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Docks
  • Fire Pit
  • Exterior Lighting

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 1880021475

Community Details

Overview

  • Ciwha Association
  • Mandalay Bay 1 190401 Subdivision

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,364

Year Built

Built in 1981

Lot Details

0

HOA Fees

$4 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Mandalay Bay 1 - 190401
  • View: Yes
  • Architectural Style: English
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1880021475
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5472.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile, Wood
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Bath, Family Room, Fire Pit, Library, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 575.66
  • Room Type: Family Room, Laundry, Library, Living Room, Master Bathroom, Master Bedroom, Two Masters, Walk-In Closet
  • Spa Features: Heated, In Ground, Private
  • Room Kitchen Features: Granite Counters, Kitchen Island

Exterior Features

  • Direction Faces: West
  • View: Canal, Harbor, Marina, Mountain(s), Water
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 50.00
  • Association Fee Frequency: Annually
  • Association Name: CIWHA
  • Phone: 0000000000000
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8500.00
  • Lot Size Acres: 0.2000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8500.0000 Square Feet
  • Waterfront Features: Canal Front, Includes Dock, Marina in Community, Ocean Access, Seawall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
Aug 12, 2021
Sold by
Lin James T and Lin Rhinna Y
Bought by
Lin Family Revocable Trust
Seller's Agent
Mike Losey
RE/MAX Gold Coast-Beach Marina Office
Buyer's Agent
Desti & Michele Group
RE/MAX Gold Coast-Beach Marina Office
List Price
$3,500,000
Sold Price
$3,150,000
Premium/Discount to List
-$350,000
-10%
Current Estimated Value
$4,028,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$878,720
Avg. Annual Appreciation
5.59%
Original Mortgage
$1,732,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 25, 2020
Closed on
Jul 15, 2021
Sold by
Peterson Ronald G and Peterson Carol E
Bought by
Lin James T and Lin Rhinna Y
Seller's Agent
Mike Losey
RE/MAX Gold Coast-Beach Marina Office
Buyer's Agent
Desti & Michele Group
RE/MAX Gold Coast-Beach Marina Office
List Price
$3,500,000
Sold Price
$3,150,000
Premium/Discount to List
-$350,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,732,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2003
Sold by
Rubin Nancy and The Irwin & Nancy Rubin Revoca
Bought by
Peterson Ronald G and Peterson Carol E

Purchase Details

Closed on
Apr 13, 1995
Sold by
Rubin Irwin and Rubin Nancy Jo
Bought by
Rubin Irwin and Rubin Nancy
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
Lin Family Revocable Trust -- Lawyers Title
Lin James T $3,150,000 Chicago Title Company
Peterson Ronald G $1,400,000 Old Republic Title Ins Co
Rubin Irwin -- --
Rubin Irwin -- --
Rubin Irwin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin James T $1,732,500
Previous Owner Peterson Ronald G $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $3,150,000 -10.0% $576 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
11/25/2020 11/25/20 For Sale $3,500,000 -- $640 / Sq Ft
Source: Ventura County Regional Data Share

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 $41,364 $3,342,805 $2,172,824 $1,169,981
2024 $41,364 $3,277,260 $2,130,219 $1,147,041
2023 $39,885 $3,213,000 $2,088,450 $1,124,550
2022 $38,709 $3,150,000 $2,047,500 $1,102,500
2021 $27,148 $2,164,674 $1,181,894 $982,780
2020 $27,637 $2,142,479 $1,169,776 $972,703
2019 $26,882 $2,100,471 $1,146,840 $953,631
2018 $26,516 $2,059,286 $1,124,353 $934,933
2017 $25,208 $2,018,908 $1,102,307 $916,601
2016 $24,355 $1,979,323 $1,080,694 $898,629
2015 $24,688 $1,949,594 $1,064,462 $885,132
2014 $24,427 $1,911,406 $1,043,611 $867,795
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-2726

Ventura County Regional Data Share

APN: 188-0-021-485