NOT LISTED FOR SALE

Estimated Value: $8,099,000 - $9,381,044

6 Beds
7.5 Baths
7,419 Sq Ft
$1,155/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $5,800,000 $782 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $51,691/month

254 Days on Market

Highlights

  • Art Studio
  • Home Theater
  • RV Access or Parking
  • Heinz Kaiser Elementary School Rated A
  • Private Pool
  • 4-minute walk to Jordan Park

About This Home

As of July 2021

This stunning estate located on almost 1.1 acres in Newport Beach on the highly desirable street of Santiago Drive is truly remarkable. The gated compound boasts the main residence with 6 bedrooms, 6 ½ baths, guest house with 1 bedroom, 1 bath and yoga/meditation studio overlooking this private oasis. As you walk through the beautiful front entry, your eyes will be drawn to the towering ceiling heights and wood panel architecture that spans the entire ceiling of the front entry way to the open living quarters. The gourmet kitchen comes with professional stainless steel grade appliances, granite countertops and plenty of counter-space for any culinary connoisseur that is looking to cook and entertain. This unbelievable home also includes a top of the line home theatre, surround sound stereo system, full indoor gym, sauna and a secondary garage or workshop large enough to accommodate a car lift. The 5-star resort backyard is an absolute showstopper and an entertainer’s dream with its large custom rock-built swimming pool, slide and spa, jungle gym, built-in skateboard pool, and basketball sport court. Too top it off, this home is in the coveted award-winning Newport Mesa Unified School District, walking distance to the Back Bay and is just a short distance from 17th Street and the most beautiful beaches in Southern California!

Last Agent to Sell the Property

Sara Legrand

Surterre Properties Inc. License #01950213 Listed on: 10/05/2020

Surterre Properties Inc.

Co-Listed By

JP Ballantyne

Surterre Properties Inc. License #02047825

Last Buyer's Agent

Michael Hinderberger

Compass License #01919850

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,288

Year Built

  • Built in 2003

Lot Details

  • 1.09 Acre Lot
  • Back Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Driveway
  • Automatic Gate
  • RV Access or Parking

Interior Spaces

  • 7,419 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Theater
  • Bonus Room
  • Art Studio
  • Home Gym
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Fire Pit
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 287
  • Tax Tract Number 516
  • Assessor Parcel Number 42602313

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,288

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Automatic Gate
  • View: No
  • Zoning: R-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42602313
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7419.00 Square Feet
  • Interior Amenities: Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, Open Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Eating Area: Area
  • Fireplace Features: Living Room, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 781.78
  • Room Type: Art Studio, Bonus Room, Exercise Room, Family Room, Formal Entry, Guest/Maid's Quarters, Home Theatre, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet
  • Spa Features: Private
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, RV Access/Parking
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 47274.00
  • Lot Size Acres: 1.0853

Multi Family

  • Lease Considered: No
  • Lot Size Area: 47274.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 631.03
  • Tax Lot: 287
  • Tax Tract Number: 516

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
Zelken Jonathan A and Zelken Kathy Z
Bought by
Zelken Family Trust and Zelken
Current Estimated Value
$8,566,261

Purchase Details

Closed on
Apr 13, 2022
Sold by
Jonathan Zelken
Bought by
Zelken Jonathan Zelken and Zelken Kathy Zhang

Purchase Details

Listed on
Oct 5, 2020
Closed on
Jun 18, 2021
Sold by
Glidewell James R and The James R Glidewell Family T
Bought by
Zelken Jonathan and Zelken Kathy Zhang
Seller's Agent
Sara Legrand
Surterre Properties Inc.
Buyer's Agent
Michael Hinderberger
Compass
List Price
$6,900,000
Sold Price
$5,800,000
Premium/Discount to List
-$1,100,000
-15.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Original Mortgage
$4,060,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2012
Closed on
Nov 5, 2012
Sold by
Schmitt Paul George and Brennan Schmitt Kerry Jean
Bought by
Glidewell James R and The James R Glidewell Family Trust
Seller's Agent
Jon Dishon
Arbor Real Estate
Buyer's Agent
Jon Dishon
Arbor Real Estate
List Price
$4,995,000
Sold Price
$4,100,000
Premium/Discount to List
-$895,000
-17.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$2,870,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2005
Sold by
Schmitt Paul and Schmitt Kerry Brennan
Bought by
Schmitt Paul George and Brennan Schmitt Kerry Jean

Purchase Details

Closed on
Jul 24, 2001
Sold by
Fluor J Robert J and Fluor Martha Guiot
Bought by
Schmitt Paul and Schmitt Kerry Prennan
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
Zelken Family Trust -- None Listed On Document
Zelken Jonathan A -- None Listed On Document
Zelken Jonathan Zelken -- None Listed On Document
Zelken Jonathan $5,800,000 Ticor Ttl Orange Cnty Branch
Glidewell James R $4,100,000 Ticor Title Company
Schmitt Paul George -- None Available
Schmitt Paul $2,550,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zelken Jonathan $4,060,000
Previous Owner Glidwell James R $2,455,000
Previous Owner Glidewell James R $2,870,000
Previous Owner Schmitt Paul George $800,000
Previous Owner Schmitt Paul G $1,000,000
Previous Owner Fluor Ii J Robert $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $5,800,000 -8.7% $782 / Sq Ft
03/25/2021 03/25/21 Price Changed $6,350,000 -3.8% $856 / Sq Ft
12/16/2020 12/16/20 Price Changed $6,600,000 -4.3% $890 / Sq Ft
10/05/2020 10/05/20 For Sale $6,900,000 +68.3% $930 / Sq Ft
12/18/2012 12/18/12 Sold $4,100,000 -17.9% $1,571 / Sq Ft
10/31/2012 10/31/12 Pending -- -- --
10/31/2012 10/31/12 For Sale $4,995,000 -- $1,914 / 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 $61,288 $5,815,419 $3,816,893 $1,998,526
2024 $61,288 $5,701,392 $3,742,052 $1,959,340
2023 $59,765 $5,589,600 $3,668,678 $1,920,922
2022 $58,380 $5,800,000 $3,916,743 $1,883,257
2021 $49,459 $4,664,362 $2,957,158 $1,707,204
2020 $48,985 $4,616,535 $2,926,836 $1,689,699
2019 $47,963 $4,526,015 $2,869,447 $1,656,568
2018 $47,004 $4,437,270 $2,813,183 $1,624,087
2017 $46,172 $4,350,265 $2,758,022 $1,592,243
2016 $45,129 $4,264,966 $2,703,943 $1,561,023
2015 $44,705 $4,200,903 $2,663,328 $1,537,575
2014 $43,649 $4,118,614 $2,611,157 $1,507,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20204539

California Regional Multiple Listing Service (CRMLS)

APN: 426-023-13