$1,855,000
SOLD MAR 10, 2017
2 Beds
2 Baths
1,232 Sq Ft
$625/mo HOA Fee

Recently Sold

$1,506 Per Sq Ft

12% Below List Price

91 Days on Market

Highlights

  • Ocean View
  • Boat Dock
  • Automatic Gate
  • Harbor View Elementary School Rated A
  • Spa
  • 4-minute walk to Lookout Point

About This Home

As of March 2017

Live on the Penthouse floor! Landmark Channel Reef Mid-Century Modern building constructed in 1963 and recently renovated through-out. Enjoy panoramic views of the beach, harbor, and ocean- all the way to Catalina! Open floor plan with living room, dining room, kitchen, and master bedroom enjoying floor to ceiling glass windows and doors. Relax on the beautiful patio and feel the tranquility while watching the sail boats. Upgraded with travertine flooring, remodeled kitchen with sub-zero, remodeled baths and fireplace in living room. Second bedroom has a built in Murphy bed and transforms easily into an office area. Gated building with on-site property manager. There is a heated salt water pool complete with spa and view of the bay, plus boat docks, subject to fees and availability, for residents. The building features gated guest parking on an upper level for 24 cars.

Last Agent to Sell the Property

Sandy DeAngelis

Seven Gables Real Estate License #00960016 Listed on: 10/26/2016

Seven Gables Real Estate

Co-Listed By

Peggy Desantis

Seven Gables Real Estate License #00744955

Last Buyer's Agent

Denine Kerns

Douglas Elliman Of California License #01248229

Douglas Elliman Of California

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,597

Year Built

  • Built in 1963

Lot Details

  • Two or More Common Walls
  • West Facing Home
  • No Landscaping

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Automatic Gate
  • Guest Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • Ocean
  • Harbor
  • Catalina
  • Canal

Home Design

  • Contemporary Architecture
  • Modern Architecture

Interior Spaces

  • 1,232 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Sliding Doors
  • Entryway
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Stone Flooring
  • Laundry Room

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Spa
  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Radiant Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 89525036

Community Details

Recreation

  • Boat Dock
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,597

Year Built

Built in 1963

Lot Details

0

HOA Fees

$625 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Automatic Gate, Resident Manager
  • Subdivision Name Other: Channel Reef (CREF)
  • View: Yes
  • Architectural Style: Contemporary, Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 89525036
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1232.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Living Room Balcony, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1505.68
  • Room Type: Entry, Great Room, Kitchen, Living Room, Master Bedroom
  • Spa Features: Association

Exterior Features

  • Direction Faces: West
  • View: Canal, Catalina, Harbor, Ocean
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Covered, Gated, Guest
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Electric Cooktop, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Dock, Pets Not Permitted
  • Association Fee: 625.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2016
Closed on
Jan 30, 2017
Sold by
Macpherson Anne L
Bought by
Thuet Gould Kathryn L
Seller's Agent
Sandy DeAngelis
Seven Gables Real Estate
Buyer's Agent
Denine Kerns
Douglas Elliman Of California
List Price
$2,099,000
Sold Price
$1,855,000
Premium/Discount to List
-$244,000
-11.62%
Current Estimated Value
$3,158,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,303,970
Avg. Annual Appreciation
7.16%
Original Mortgage
$1,113,000
Outstanding Balance
$907,176
Interest Rate
3.22%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,433,270

Purchase Details

Listed on
Nov 5, 2014
Closed on
Nov 18, 2014
Sold by
Whelan John F
Bought by
Macpherson Anne L
Seller's Agent
Renee West
Compass
Buyer's Agent
Peggy Desantis
Seven Gables Real Estate
List Price
$1,650,000
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
Jul 29, 2011
Sold by
Laws Donald G
Bought by
Whelan John F

Purchase Details

Closed on
Jul 13, 2009
Sold by
Laws Jette
Bought by
Laws Donald G

Purchase Details

Closed on
Jul 7, 2009
Sold by
Branch Dennis R and Branch Jo Ann
Bought by
Laws Donald G

Purchase Details

Closed on
Jan 3, 2005
Sold by
Sharp David H
Bought by
Sharp Leslie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2004
Sold by
Rosenbaum Nancy K and Sharp Leslie H
Bought by
Branch Dennis R and Branch Jo Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2000
Sold by
Rosenbaum Nancy K
Bought by
Rosenbaum Nancy R and Sharp Leslie H
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,855,000 First American Title Company
Grant Deed $1,650,000 Chicago Title Company
Grant Deed $1,335,000 Chicago Title Company
Interfamily Deed Transfer -- California Title Company
Grant Deed $1,297,000 California Title Company
Interfamily Deed Transfer -- California Title Company
Interfamily Deed Transfer -- California Title Company
Grant Deed $1,300,000 California Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,113,000 Adjustable Rate Mortgage/ARM
Previous Owner $910,000 Purchase Money Mortgage
Closed $130,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2017 04/03/17 Rented $7,500 0.0% --
03/22/2017 03/22/17 For Rent $7,500 0.0% --
03/10/2017 03/10/17 Sold $1,855,000 -11.6% $1,506 / Sq Ft
10/26/2016 10/26/16 For Sale $2,099,000 +27.2% $1,704 / Sq Ft
11/25/2014 11/25/14 Sold $1,650,000 0.0% $1,375 / Sq Ft
11/09/2014 11/09/14 Pending -- -- --
11/05/2014 11/05/14 For Sale $1,650,000 -- $1,375 / 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 $22,597 $2,152,884 $1,911,090 $241,794
2024 $22,597 $2,110,671 $1,873,618 $237,053
2023 $22,068 $2,069,286 $1,836,881 $232,405
2022 $21,701 $2,028,712 $1,800,863 $227,849
2021 $21,286 $1,988,934 $1,765,552 $223,382
2020 $21,082 $1,968,540 $1,747,448 $221,092
2019 $20,646 $1,929,942 $1,713,185 $216,757
2018 $20,235 $1,892,100 $1,679,593 $212,507
2017 $18,337 $1,708,665 $1,484,349 $224,316
2016 $17,925 $1,675,162 $1,455,244 $219,918
2015 $17,756 $1,650,000 $1,433,385 $216,615
2014 $14,712 $1,367,882 $1,154,589 $213,293
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16734088

California Regional Multiple Listing Service (CRMLS)

APN: 895-250-36