NOT LISTED FOR SALE

Estimated Value: $5,985,000 - $15,436,023

3 Beds
5.5 Baths
5,213 Sq Ft
$2,062/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $6,455,000 $1,238 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $67,504/month

199 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Ocean Side of Highway 1
  • Harbor View Elementary School Rated A
  • All Bedrooms Downstairs
  • 1-minute walk to Lookout Point

About This Home

As of October 2016

Prime rebuild opportunity. Contact listing agents for proposed floor plans and renderings from architect Chris Light of C.J. Light Associates. Uniquely located on the oceanfront bluff along Ocean Boulevard in the village of Corona del Mar, this home overlooks the channel and China Cove enjoying unparalleled views of the harbor, ocean, Catalina, and sunsets. With close proximity to both the village and the beach, no other property affords this special combination of space, lifestyle and exceptional views. The existing structure predates current limits on construction and could not be duplicated adding significant value to the property, making this an exceptional opportunity in the best location in Corona del Mar. Also. noteworthy is an oversize garage with lift parking for six cars.

Last Agent to Sell the Property

Kathryn White

Coldwell Banker Realty License #01346645 Listed on: 02/16/2016

Coldwell Banker Realty

Co-Listed By

John Cain

Pacific Sotheby's Int'l Realty License #01467294

Last Buyer's Agent

Kathryn White

Coldwell Banker Realty License #01346645 Listed on: 02/16/2016

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $92,982

Year Built

  • Built in 1978

Lot Details

  • 5,016 Sq Ft Lot
  • Irregular Lot
  • Sprinklers Throughout Yard

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • White Water Ocean
  • Coastline
  • Harbor
  • Catalina
  • Panoramic

Home Design

  • Custom Home
  • Contemporary Architecture
  • Additions or Alterations
  • Flat Roof Shape
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 5,213 Sq Ft Home
  • 4-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Skylights
  • Awning
  • French Doors
  • Sliding Doors
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room with Fireplace
  • Workshop
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • Multi-Level Bedroom
  • Walk-In Closet
  • Mirrored Closets Doors

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Living Room Balcony
  • Open Patio
  • Outdoor Fireplace
  • Terrace
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 033
  • Tax Tract Number 186
  • Assessor Parcel Number 05204606

Home Details

Home Type

Single Family

Est. Annual Taxes

$92,982

Year Built

Built in 1978

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Architectural Style: Custom Built, Contemporary
  • Property Condition: Additions/Alterations
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05204606
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5213.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Balcony, Elevator, Granite Counters, Living Room Balcony, Pantry, Sunken Living Room
  • Stories: 4
  • Entry Location: Ground Level With Steps,Top Level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors, Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Dining Room
  • Fireplace Features: Bonus Room, Living Room, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 1238.25
  • Room Type: All Bedrooms Down, Family Room, Living Room, Multi-Level Bedroom, Walk-In Pantry, Walk-In Closet, Workshop
  • Window Features: Skylight(s)

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s), Barbecue Private, Rain Gutters
  • View: Catalina, Coastline, Harbor, Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Patio Open, Terrace
  • Pool Private: No
  • Roof: Flat, Tar/Gravel
  • Spa: No
  • Construction Materials: Glass, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage - Two Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Double Oven, Dishwasher, Freezer, Disposal, Gas Cooktop, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side
  • Lot Size Sq Ft: 5016.00
  • Price Per Lot Square Foot: 1593.90
  • Lot Size Acres: 0.1150

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5016.0000 Square Feet
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 033
  • Tax Lot: 00
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
Sep 13, 2016
Sold by
Arendsen Janis L
Bought by
Kline Jon and Kline Heather
Seller's Agent
Kathryn White
Coldwell Banker Realty
Buyer's Agent
Kathryn White
Coldwell Banker Realty
List Price
$8,995,000
Sold Price
$6,455,000
Premium/Discount to List
-$2,540,000
-28.24%
Current Estimated Value
$10,913,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,458,799
Avg. Annual Appreciation
5.86%
Original Mortgage
$3,000,000
Interest Rate
2.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 1, 2014
Sold by
Arendsen Janis L and Ukropina Joyce L
Bought by
The Janis L Arendsen Irrevocable Trust

Purchase Details

Closed on
Nov 23, 2011
Sold by
Caldwell Nancy L
Bought by
Arendsen Janis L and The Janis L Arendsen Irrevocable Trust

Purchase Details

Closed on
Aug 27, 2011
Sold by
Caldwell Nancy L
Bought by
Arendsen Janis L and The Janis L Arendsen Irrevocable Trust

Purchase Details

Closed on
Feb 7, 2001
Sold by
Caldwell Nancy L
Bought by
Caldwell Nancy L and The Caldwell Family Survivors Trust
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
Kline Jon $6,455,000 Chicago Title Company
The Janis L Arendsen Irrevocable Trust -- Chicago Title Company
Arendsen Janis L -- Chicago Title Company
Arendsen Janis L -- Chicago Title Company
Arendsen Janis L $477,000 None Available
Caldwell Nancy L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kline Jon $2,740,000
Previous Owner Kline Jon $3,000,000
Previous Owner Caldwell Nancy L $2,900,000
Previous Owner Caldwell Nancy L $57,732
Previous Owner Caldwell Nancy L $31,705
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $6,455,000 -19.3% $1,238 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
04/22/2016 04/22/16 Price Changed $7,995,000 -11.1% $1,534 / Sq Ft
02/16/2016 02/16/16 For Sale $8,995,000 -- $1,725 / 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 $92,982 $8,975,478 $5,802,930 $3,172,548
2024 $92,982 $8,799,489 $5,689,147 $3,110,342
2023 $90,816 $8,626,950 $5,577,595 $3,049,355
2022 $89,325 $8,457,795 $5,468,231 $2,989,564
2021 $87,606 $8,291,956 $5,361,010 $2,930,946
2020 $75,858 $7,170,839 $5,306,040 $1,864,799
2019 $64,285 $6,080,400 $5,202,000 $878,400
2018 $69,460 $6,576,094 $5,697,694 $878,400
2017 $68,311 $6,455,000 $5,585,975 $869,025
2016 $7,952 $724,593 $107,985 $616,608
2015 $7,876 $713,709 $106,363 $607,346
2014 $7,691 $699,729 $104,280 $595,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16032336

California Regional Multiple Listing Service (CRMLS)

APN: 052-046-06