NOT LISTED FOR SALE

Estimated Value: $4,205,319 - $5,020,000

3 Beds
2.5 Baths
2,627 Sq Ft
$864/mo HOA Fee

Last Sold July 15, 2020

Last sale price $3,000,000 $1,142 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $27,502/month

104 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Harbor View Elementary School Rated A
  • Dumbwaiter
  • Main Floor Bedroom

About This Home

As of July 2020

Tucked away on a private corner, this luminous Mediterranean Corona Del Mar palisade offers a peaceful and energizing environment to come home to. An elegant, soft contemporary spiral staircase leads you to the main floor “great room” with an abundance of natural light. This fabulous area, is the perfect setting for both casual and formal gatherings with a fireplace, deck and gorgeous views of Newport Harbor. The granite & marble gourmet kitchen comes complete with a gas cooktop, built in oven and microwave, Bosch dishwasher, Bosch refrigerator, trash compactor, wine fridge & ice maker. The main deck located on the 3rd level offers an outdoor jacuzzi and a splendid space to entertain friends while enjoying the stunning sweeping ocean vistas of Catalina Island, the Balboa Peninsula, the Newport Beach pier and much more. Wake up to beautiful endless ocean and harbor views from the impressive master suite, also located on the 3rd level, with a fireplace, walk in closet and a luxurious spa like master bath retreat with a relaxing jacuzzi tub. Two spacious bedrooms, a dedicated laundry area and a full bathroom are located on the entry level. This unique and opulent 3BD/2.5BA glinting showpiece provides the perfect set up for entertaining all year round. Enjoy breathtaking sunsets, July 4th Fireworks and the Newport Beach Boat Parade. This is the place to be.

Last Agent to Sell the Property

Dee Shiohama

Berkshire Hathaway HomeService License #01720465 Listed on: 10/24/2019

Berkshire Hathaway HomeService

Co-Listed By

John Newquist

Berkshire Hathaway HomeService License #01894936

Last Buyer's Agent

Dee Shiohama

Berkshire Hathaway HomeService License #01720465 Listed on: 10/24/2019

Berkshire Hathaway HomeService

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $32,920

Year Built

  • Built in 1992

Lot Details

  • Two or More Common Walls

HOA Fees

  • $864 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Property Views

  • Ocean
  • Harbor
  • Views of a pier
  • Catalina
  • City Lights

Interior Spaces

  • 2,627 Sq Ft Home
  • Central Vacuum
  • Built-In Features
  • Crown Molding
  • Great Room
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Dumbwaiter
  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Makeup or Vanity Space
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 6 Units
  • The Palisades Association, Phone Number (949) 261-8282
  • Total Property Mgt HOA

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 14162
  • Assessor Parcel Number 93287020

Property Details

Home Type

Condominium

Est. Annual Taxes

$32,920

Year Built

Built in 1992

Lot Details

0

HOA Fees

$864 per month

Parking

4

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93287020
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2627.00 Square Feet
  • Interior Amenities: Built-in Features, Crown Molding, Dumbwaiter, Granite Counters, Vacuum Central
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1141.99
  • Room Type: Great Room, Kitchen, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Bathroom Features: Shower In Tub, Separate Tub And Shower, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters

Exterior Features

  • View: Catalina, City Lights, Harbor, Ocean, Pier
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Number Remotes: 2
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, In Closet, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 2592.00
  • Association Fee Frequency: Quarterly
  • Association Name: The Palisades
  • Phone: 9492618282
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks
  • Association Management: Total Property Mgt

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 6
  • Number Of Units Total: 6

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 1
  • Tax Tract Number: 14162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2019
Closed on
Jul 21, 2020
Sold by
Kadifa Fady G and Sawaya Nevine
Bought by
Kadifa Fady G and Sawaya Nevine
Seller's Agent
Dee Shiohama
Berkshire Hathaway HomeService
Buyer's Agent
Dee Shiohama
Berkshire Hathaway HomeService
List Price
$3,300,000
Sold Price
$3,000,000
Premium/Discount to List
-$300,000
-9.09%
Current Estimated Value
$4,507,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,507,106
Avg. Annual Appreciation
7.48%

Purchase Details

Closed on
Mar 2, 2020
Sold by
Sebag Jerry and Sebag Jacqueline T
Bought by
Kadifa Fady G and Sawaya Nevine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2017
Sold by
Sebag Jerry and Mukai Sebag Jacqueline
Bought by
Sebag Jerry and Muki Sebag Jacqueline T

Purchase Details

Closed on
Feb 8, 2017
Sold by
Sebag Jerry and Mukai Sebag Jacqueline
Bought by
Sebag Jerry

Purchase Details

Closed on
Jan 17, 2017
Sold by
Sebag Jerry
Bought by
Sebag Jerry and Mukai Sebag Jacqueline

Purchase Details

Closed on
Mar 7, 2002
Sold by
Sebag Jerry
Bought by
Sebag Jerry

Purchase Details

Closed on
Oct 21, 1998
Sold by
Mishkin Jack and Mishkin Nancy
Bought by
Sebag Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
2.95%

Purchase Details

Closed on
Jan 19, 1998
Sold by
Mishkin Jack and Mishkin Nancy
Bought by
Mishkin Jack and Mishkin Nancy

Purchase Details

Closed on
Oct 15, 1997
Sold by
Doctors Surgical Center Inc
Bought by
Mishkin Jack and Mishkin Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.95%

Purchase Details

Closed on
Jun 9, 1996
Sold by
Diem D W
Bought by
Doctors Surgical Center Inc
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
Kadifa Fady G -- None Available
Kadifa Fady G $2,920,000 California Title Company
Sebag Jerry -- None Available
Sebag Jerry -- Equity Title
Sebag Jerry -- Equity Title
Sebag Jerry -- Accommodation
Sebag Jerry -- --
Sebag Jerry $1,035,000 --
Mishkin Jack -- --
Mishkin Jack $905,000 Stewart Title
Doctors Surgical Center Inc $860,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kadifa Fady G $1,750,000
Previous Owner Sebag Jerry $828,000
Previous Owner Mishkin Jack $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $3,000,000 -6.2% $1,142 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/08/2020 01/08/20 Price Changed $3,199,000 -3.1% $1,218 / Sq Ft
10/24/2019 10/24/19 For Sale $3,300,000 0.0% $1,256 / Sq Ft
08/12/2016 08/12/16 For Rent $8,500 0.0% --
08/11/2016 08/11/16 Off Market $8,500 -- --
08/11/2016 08/11/16 Rented $8,500 0.0% --
06/28/2016 06/28/16 For Rent $8,500 +13.3% --
03/23/2012 03/23/12 Rented $7,500 -16.7% --
03/23/2012 03/23/12 Under Contract -- -- --
02/15/2012 02/15/12 For Rent $9,000 -- --
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 $32,920 $3,160,701 $2,499,663 $661,038
2024 $32,920 $3,098,727 $2,450,650 $648,077
2023 $32,149 $3,037,968 $2,402,598 $635,370
2022 $31,616 $2,978,400 $2,355,488 $622,912
2021 $31,008 $2,920,000 $2,309,301 $610,699
2020 $15,977 $1,483,655 $897,267 $586,388
2019 $15,648 $1,454,564 $879,673 $574,891
2018 $15,337 $1,426,044 $862,425 $563,619
2017 $15,067 $1,398,083 $845,515 $552,568
2016 $14,729 $1,370,670 $828,936 $541,734
2015 $14,590 $1,350,082 $816,485 $533,597
2014 $14,247 $1,323,636 $800,491 $523,145
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19250885

California Regional Multiple Listing Service (CRMLS)

APN: 932-870-20