NOT LISTED FOR SALE

Estimated Value: $7,610,011 - $8,261,000

5 Beds
7 Baths
6,055 Sq Ft
$1,319/Sq Ft Est. Value

Last Sold August 13, 2013

Last sale price $3,800,000 $628 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $46,828/month

47 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • Private Pool
  • Vista Verde Rated A+
  • Gated with Attendant
  • 0.29 Acre Lot

About This Home

As of August 2013

This highly sought-after La Cima Plan 3 in the exclusive gated community of The Summit at Turtle Ridge is sited on one of the largest lots in the community, spanning over 12,000 square feet. Here, you will be captivated by the newly softscaped exterior and the awe-inspiring panoramic views of the ocean, mountain and spectacular city lights. Encompassing over 6,000 square feet of living space, this home offers five bedrooms and seven bathrooms, as well as formal living and dining rooms, a family room with fireplace, a den, and a gourmet kitchen with Sub-Zero refrigerator, six-burner stove, granite countertops, oversized island, and butler's pantry. In addition to a retreat with fireplace and generous walk-in closet with center island, the sumptuous master suite boasts views from every window. An entertainer’s delight, the spacious backyard has an abundance of possibilities ready for you to add your own personal touch. Among its many appealing features, the home is also conveniently located to award-winning Vista Verde K-8 school and nationally-ranked University High School.

Last Agent to Sell the Property

Joele Romeo

Pacific Sotheby's Int'l Realty License #01878195 Listed on: 04/27/2013

Pacific Sotheby's Int'l Realty

Co-Listed By

Jim Watson

Real Broker License #01196080

Last Buyer's Agent

Joele Romeo

Pacific Sotheby's Int'l Realty License #01878195 Listed on: 04/27/2013

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Block Wall Fence

HOA Fees

  • $410 Monthly HOA Fees

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Canyon
  • Mountain

Home Design

  • Spanish Tile Roof

Interior Spaces

  • 6,055 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Home Office

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Laundry on upper level

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 15949
  • Assessor Parcel Number 47843417

Community Details

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Security

  • Gated with Attendant
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$410 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Gated with Guard
  • Subdivision Name Other: La Cima (LACM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47843417
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6055.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 627.58
  • Room Type: Guest/Maid's Quarters, Main Floor Bedroom, Office
  • Spa Features: Association

Exterior Features

  • Patio: Yes
  • View: City Lights, Canyon, Mountain(s), Ocean, Panoramic
  • Fence: Yes
  • Fencing: Block
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Upper Level
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Biking Trails, Banquet Facilities, Clubhouse, Fire Pit, Gym/Ex Room, Hiking Trails, Management, Picnic Area, Pool, Spa/Hot Tub
  • Association Fee: 410.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 12493.00
  • Lot Size Acres: 0.2870

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12493.0000 Square Feet
  • Number Of Units In Community: 560
  • Number Of Units Total: 560

Tax Info

  • Tax Lot: 51
  • Tax Tract Number: 15949

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2013
Closed on
Jun 17, 2013
Sold by
Fahimi Sean and Mansouri Fay
Bought by
Huang David Y and The Dyh Trust
Seller's Agent
Joele Romeo
Pacific Sotheby's Int'l Realty
Buyer's Agent
Joele Romeo
Pacific Sotheby's Int'l Realty
List Price
$4,188,000
Sold Price
$3,800,000
Premium/Discount to List
-$388,000
-9.26%
Current Estimated Value
$7,986,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,186,003
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Mar 29, 2012
Sold by
Kassoff Ellia Yaaree
Bought by
Fahimi Sean and Mansouri Fay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 16, 2009
Sold by
Kassoff Ellia Yaaree
Bought by
La Salle Bank Na and Deal Wamu 2007-0A2

Purchase Details

Closed on
Nov 3, 2006
Sold by
Wl Homes Llc
Bought by
Kassoff Ellia Yearee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Huang David Y $3,800,000 Ticor Title Tustin Orange Co
Fahimi Sean $3,120,000 None Available
La Salle Bank Na $3,206,666 None Available
Kassoff Ellia Yearee $3,953,500 Fidelity National Title-Buil
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fahimi Sean $2,000,000
Previous Owner Kassoff Ellia Yearee $250,000
Previous Owner Kassoff Ellia Yearee $2,912,449
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2013 08/13/13 Sold $3,800,000 -4.5% $628 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
06/06/2013 06/06/13 Price Changed $3,980,000 -5.0% $657 / Sq Ft
04/27/2013 04/27/13 For Sale $4,188,000 -- $692 / 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 $54,910 $4,805,218 $3,039,527 $1,765,691
2024 $54,910 $4,710,999 $2,979,929 $1,731,070
2023 $53,741 $4,618,627 $2,921,499 $1,697,128
2022 $52,803 $4,528,066 $2,864,215 $1,663,851
2021 $51,859 $4,439,281 $2,808,054 $1,631,227
2020 $51,237 $4,393,762 $2,779,261 $1,614,501
2019 $50,329 $4,307,610 $2,724,765 $1,582,845
2018 $49,429 $4,223,148 $2,671,339 $1,551,809
2017 $48,586 $4,140,342 $2,618,960 $1,521,382
2016 $46,743 $3,961,937 $2,567,608 $1,394,329
2015 $46,078 $3,902,426 $2,529,041 $1,373,385
2014 $45,414 $3,818,148 $2,479,500 $1,338,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13076855

California Regional Multiple Listing Service (CRMLS)

APN: 478-434-17