Seller's Agent in 2021
Gil Wenck
SolTerra Estates & Lending Inc
(949) 887-3505
3 in this area
31 Total Sales
25 Observatory Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $6,767,557 - $6,903,000
4
Beds
4.5
Baths
4,117
Sq Ft
$1,658/Sq Ft
Est. Value
Highlights
- Ocean View
- 24-Hour Security
- Primary Bedroom Suite
- Newport Coast Elementary School Rated A
- In Ground Spa
- Near a National Forest
About This Home
As of May 2021Come see this beautiful Cypress Ocean View Home with Sunset, Pacific Ocean & Catalina views. This home is what you are looking for! Situated in the highly popular and desirable gated community of Pacific Ridge, right at the end of a cul-d sac street. This community is next to the El Morro and Crystal Cove open space. This property offers the best of what Newport Coast living is all about. Exquisitely appointed with Richard Marshall hardwood floors, the interior boasts an updated kitchen with marble counters and new cabinets, library, a large master suite retreat, detached casita with full bath, 3 guest suites, and resort-like grounds with an outdoor kitchen, covered loggia with fireplace, in-ground hot tub, sunset view seating area with fire pit and multiple courtyards landscaped by Roger's Gardens. The home features surround sound throughout. A true Entertainer's home! Do not hesitate on this one.
Last Agent to Sell the Property
SolTerra Estates & Lending Inc License #01426422 Listed on: 03/24/2021
Home Details
Home Type
- Single Family
Year Built
- Built in 2005 | Remodeled
Lot Details
- 7,934 Sq Ft Lot
- Property fronts a private road
- Cul-De-Sac
- Glass Fence
- Brick Fence
- Level Lot
- Sprinklers on Timer
- Garden
- Back and Front Yard
HOA Fees
- $485 Monthly HOA Fees
Parking
- 2.5 Car Attached Garage
- 2 Open Parking Spaces
- Front Facing Garage
- Two Garage Doors
- Combination Of Materials Used In The Driveway
- Driveway Up Slope From Street
- On-Street Parking
Property Views
- Ocean
- Catalina
- Panoramic
- Hills
Home Design
- Spanish Architecture
- Mediterranean Architecture
- Entry on the 1st floor
- Turnkey
- Planned Development
- Brick Exterior Construction
- Slab Foundation
- Spanish Tile Roof
- Stone Siding
- Stucco
Interior Spaces
- 4,117 Sq Ft Home
- 2-Story Property
- Wired For Sound
- Built-In Features
- Brick Wall or Ceiling
- Cathedral Ceiling
- Recessed Lighting
- Double Pane Windows
- Insulated Windows
- Wood Frame Window
- French Doors
- Formal Entry
- Family Room with Fireplace
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Home Office
- Library
- Storage
- Center Hall
- Wood Flooring
Kitchen
- Breakfast Area or Nook
- Open to Family Room
- Eat-In Kitchen
- Walk-In Pantry
- Double Oven
- Six Burner Stove
- Warming Drawer
- Microwave
- Dishwasher
- Kitchen Island
- Stone Countertops
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Multiple Shower Heads
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- 220 Volts In Laundry
- Gas And Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- In Ground Spa
- Balcony
- Covered Patio or Porch
- Outdoor Fireplace
- Fire Pit
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Location
- Property is near a park
Schools
- Newport Coast Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 16
- Tax Tract Number 16461
- Assessor Parcel Number 47846313
Community Details
Overview
- Pacific Ridge Maint Assoc. Association, Phone Number (949) 494-9285
- Pacific Ridge Maintenance Association
- Built by Taylor Widrow
- Cypress Subdivision
- Near a National Forest
- Foothills
- Property is near a preserve or public land
Amenities
- Outdoor Cooking Area
- Community Fire Pit
- Community Barbecue Grill
- Picnic Area
Recreation
- Community Playground
- Community Pool
- Community Spa
- Park
- Dog Park
- Horse Trails
- Hiking Trails
- Bike Trail
Security
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2021
Closed on
Apr 8, 2021
Sold by
Rosemary Lr Llc
Bought by
Kim Michael Young Il and Kim Katherine Jinhee
Seller's Agent
Gil Wenck
SolTerra Estates & Lending Inc
Buyer's Agent
Shelly Moon
Team Spirit Realty Inc
List Price
$4,500,000
Sold Price
$4,290,000
Premium/Discount to List
-$210,000
-4.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,534,186
Avg. Annual Appreciation
10.64%
Original Mortgage
$3,000,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2016
Sold by
Zheng Rui
Bought by
Rosemary Lr Llc
Purchase Details
Listed on
Jun 18, 2013
Closed on
Sep 10, 2013
Sold by
Zhao Lei
Bought by
Rui Zheng
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Eva Wang
Presidential Incorporated
List Price
$3,350,000
Sold Price
$3,230,000
Premium/Discount to List
-$120,000
-3.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Purchase Details
Listed on
Jun 18, 2013
Closed on
Aug 27, 2013
Sold by
Emadi Hirad and Emadi Rokhsareh B
Bought by
Rui Zheng
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Eva Wang
Presidential Incorporated
List Price
$3,350,000
Sold Price
$3,230,000
Premium/Discount to List
-$120,000
-3.58%
Purchase Details
Closed on
Mar 29, 2007
Sold by
Emadi Hirad and Emadi Rokhsareh B
Bought by
Emadi Hirad and Emadi Rokhsareh B
Purchase Details
Closed on
May 23, 2005
Sold by
Taylor Woodrow Homes Inc
Bought by
Emadi Hirad and Emadi Rokhsareh B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,947,423
Interest Rate
5.37%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kim Michael Young Il | $4,290,000 | Fidelity National Title | |
| Rosemary Lr Llc | -- | None Available | |
| Rui Zheng | -- | Western Resources Title Co | |
| Rui Zheng | $3,230,000 | Western Resources Title Co | |
| Emadi Hirad | -- | None Available | |
| Emadi Hirad | $2,782,500 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kim Michael Young Il | $3,000,000 | |
| Previous Owner | Emadi Hirad | $1,947,423 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/28/2021 05/28/21 | Sold | $4,290,000 | -4.7% | $1,042 / Sq Ft | |
| 04/02/2021 04/02/21 | Pending | -- | -- | -- | |
| 03/24/2021 03/24/21 | For Sale | $4,500,000 | 0.0% | $1,093 / Sq Ft | |
| 04/27/2015 04/27/15 | Rented | $9,800 | 0.0% | -- | |
| 04/27/2015 04/27/15 | For Rent | $9,800 | 0.0% | -- | |
| 09/23/2013 09/23/13 | Sold | $3,230,000 | -3.6% | $788 / Sq Ft | View Prior Sale |
| 08/23/2013 08/23/13 | Pending | -- | -- | -- | |
| 07/30/2013 07/30/13 | Price Changed | $3,350,000 | -1.3% | $817 / Sq Ft | |
| 07/09/2013 07/09/13 | Price Changed | $3,395,000 | +1.3% | $828 / Sq Ft | |
| 06/18/2013 06/18/13 | For Sale | $3,350,000 | -- | $817 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $52,300 | $4,643,633 | $3,434,053 | $1,209,580 |
| 2024 | $52,300 | $4,552,582 | $3,366,719 | $1,185,863 |
| 2023 | $51,245 | $4,463,316 | $3,300,705 | $1,162,611 |
| 2022 | $49,921 | $4,375,800 | $3,235,985 | $1,139,815 |
| 2021 | $42,504 | $3,658,000 | $2,667,356 | $990,644 |
| 2020 | $42,402 | $3,620,492 | $2,640,005 | $980,487 |
| 2019 | $42,273 | $3,549,502 | $2,588,240 | $961,262 |
| 2018 | $41,556 | $3,479,904 | $2,537,490 | $942,414 |
| 2017 | $41,769 | $3,411,671 | $2,487,735 | $923,936 |
| 2016 | $40,174 | $3,344,776 | $2,438,956 | $905,820 |
| 2015 | $39,124 | $3,294,535 | $2,402,321 | $892,214 |
| 2014 | $38,267 | $3,230,000 | $2,355,263 | $874,737 |
Source: Public Records
Agents Affiliated with this Home
-
Gil Wenck
-
Shelly Moon
Buyer's Agent in 2021
Shelly Moon
Team Spirit Realty Inc
(949) 246-2778
1 in this area
16 Total Sales
-
Eva Wang
E
Seller's Agent in 2015
Eva Wang
Presidential Incorporated
(949) 654-2626
2 Total Sales
-
Michael Fawaz
Seller's Agent in 2013
Michael Fawaz
Compass
(949) 922-7762
24 in this area
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21060020
APN: 478-463-13
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