Seller's Agent in 2017
Andrew Karigan
Douglas Elliman Of California
(949) 929-6922
11 in this area
41 Total Sales
24 Faenza Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $5,917,000 - $7,288,000
4
Beds
5
Baths
4,200
Sq Ft
$1,583/Sq Ft
Est. Value
About This Home
As of May 2013Welcome to this stunning Mediterranean estate! This spectacular remodeled home is located in the prestigious 24 hour guard gated enclave of Coastal Canyon. This gorgeous home offers 4 bedrooms and 4.5 bathrooms in approx 4200 sq ft of living space and is situated on a private hillside parcel offering amazing canyon and ocean views. Quality & attention to detail is second to none with designer appointments throughout. Gourmet kitchen offers a huge center island, marble counter tops, custom cabinets, top-of-the-line stainless steel appliances & opens into the spacious family room. Home also offers a formal living room, formal dining room, downstairs study, downstairs bedroom and upstairs bonus room that could be a 5th bedroom and master bedroom retreat. Large master suite features a Jacuzzi tub, separate shower & large walk-in closet. French doors lead to the resort-style rear yard which is ideal for entertaining family & friends. Rear yard is complete with infinity pool & spa, outdoor fireplace & entertainment pavilion with BBQ area. This beautiful estate has everything you are looking for.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 18, 2018
Sold by
Farokian Frank and Sedghi Sanaz
Bought by
Farokian Frank and Sedghi Sanaz
Current Estimated Value
Purchase Details
Listed on
Apr 2, 2013
Closed on
Apr 18, 2013
Sold by
Farokian Frank
Bought by
Farokian Frank and Sedghi Sanaz
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Andrew Karigan
Douglas Elliman Of California
List Price
$2,825,000
Sold Price
$2,835,000
Premium/Discount to List
$10,000
0.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$1,984,500
Outstanding Balance
$1,396,558
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$5,147,944
Purchase Details
Listed on
Apr 2, 2013
Closed on
Apr 16, 2013
Sold by
Sedghi Sanaz
Bought by
Farokian Frank
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Andrew Karigan
Douglas Elliman Of California
List Price
$2,825,000
Sold Price
$2,835,000
Premium/Discount to List
$10,000
0.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,984,500
Outstanding Balance
$1,396,558
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$5,147,944
Purchase Details
Listed on
Apr 2, 2013
Closed on
Apr 10, 2013
Sold by
Ford Gregory Brent and Ford Patricia Mendes
Bought by
Farokian Frank
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Andrew Karigan
Douglas Elliman Of California
List Price
$2,825,000
Sold Price
$2,835,000
Premium/Discount to List
$10,000
0.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,984,500
Outstanding Balance
$1,396,558
Interest Rate
2.87%
Mortgage Type
New Conventional
Estimated Equity
$5,147,944
Purchase Details
Closed on
Oct 6, 2006
Sold by
Ford Gregory Brent and Ford Patricia Mendes
Bought by
Ford Gregory Brent and Ford Patricia Mendes
Purchase Details
Closed on
May 20, 2003
Sold by
Relocation Prudential
Bought by
Ford Gregory Brent and Ford Patricia M
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
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 23, 2003
Sold by
Valente Jack J and Valente Anita H
Bought by
Relocation Prudential
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
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 15, 2001
Sold by
Lennar Homes Of California Inc
Bought by
Gaskill James R and Gaskill Kimberley P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.63%
Mortgage Type
Unknown
Purchase Details
Closed on
Mar 31, 2000
Sold by
Greystone Homes
Bought by
Valente Jack J and Valente Anita H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
6.87%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farokian Frank | -- | None Available | |
| Farokian Frank | -- | None Available | |
| Farokian Frank | -- | Western Resources Title Co | |
| Farokian Frank | $2,835,000 | Western Resources Title Co | |
| Ford Gregory Brent | -- | None Available | |
| Ford Gregory Brent | -- | None Available | |
| Ford Gregory Brent | $1,680,000 | California Title Company | |
| Relocation Prudential | $1,680,000 | California Title Company | |
| Gaskill James R | $963,000 | North American Title Co | |
| Valente Jack J | $1,225,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Farokian Frank | $310,000 | |
| Closed | Farokian Frank | $425,000 | |
| Open | Farokian Frank | $1,984,500 | |
| Previous Owner | Ford Gregory Brent | $801,000 | |
| Previous Owner | Ford Gregory Brent | $1,000,000 | |
| Previous Owner | Valente Jack J | $680,000 | |
| Previous Owner | Valente Jack J | $700,000 | |
| Previous Owner | Gaskill James R | $770,100 | |
| Previous Owner | Valente Jack J | $725,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2017 06/30/17 | Rented | $12,000 | 0.0% | -- |
| 06/29/2017 06/29/17 | Under Contract | -- | -- | -- |
| 06/13/2017 06/13/17 | For Rent | $12,000 | +20.0% | -- |
| 10/01/2013 10/01/13 | Rented | $10,000 | -23.1% | -- |
| 09/09/2013 09/09/13 | Under Contract | -- | -- | -- |
| 07/28/2013 07/28/13 | For Rent | $13,000 | 0.0% | -- |
| 05/06/2013 05/06/13 | Sold | $2,835,000 | +0.4% | $675 / Sq Ft |
| 04/06/2013 04/06/13 | Pending | -- | -- | -- |
| 04/02/2013 04/02/13 | For Sale | $2,825,000 | -- | $673 / Sq Ft |
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $37,033 | $3,422,641 | $2,504,007 | $918,634 |
| 2023 | $36,247 | $3,355,531 | $2,454,909 | $900,622 |
| 2022 | $35,644 | $3,289,737 | $2,406,774 | $882,963 |
| 2021 | $34,451 | $3,225,233 | $2,359,583 | $865,650 |
| 2020 | $34,804 | $3,192,163 | $2,335,389 | $856,774 |
| 2019 | $34,270 | $3,129,572 | $2,289,597 | $839,975 |
| 2018 | $33,595 | $3,068,208 | $2,244,703 | $823,505 |
| 2017 | $33,883 | $3,008,048 | $2,200,690 | $807,358 |
| 2016 | $35,161 | $2,949,067 | $2,157,539 | $791,528 |
| 2015 | $34,919 | $2,904,770 | $2,125,131 | $779,639 |
| 2014 | $34,128 | $2,847,870 | $2,083,503 | $764,367 |
Source: Public Records
Agents Affiliated with this Home
-
-
B
Seller Co-Listing Agent in 2017
Barry Knickerbocker
Douglas Elliman of California
-
S
Buyer's Agent in 2017
Scott Couto
Scott Couto
(949) 542-8828
1 Total Sale
-
Michael Fawaz
Seller's Agent in 2013
Michael Fawaz
Compass
(949) 922-7762
21 in this area
27 Total Sales
-
Connie Kim
Buyer's Agent in 2013
Connie Kim
The Asset
(213) 500-1123
17 Total Sales
Map
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