NOT LISTED FOR SALE

Estimated Value: $6,018,000 - $7,475,000

3 Beds
4.5 Baths
4,176 Sq Ft
$1,676/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $3,500,000 $838 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $42,344/month

133 Days on Market

Highlights

  • Ocean View
  • All Bedrooms Downstairs
  • Fireplace in Primary Bedroom
  • Newport Coast Elementary School Rated A
  • Clubhouse
  • Main Floor Bedroom

About This Home

As of March 2018

Fabulous former Signature model home located in Newport Coast's exclusive, guard-gated community of Pelican Ridge Estates. Single story, corner lot, and quiet cul-de-sac. Three bedrooms plus an office/bonus room with full bath that can be easily converted to a fourth bedroom. Upgraded master bath with separate shower and bathtub, dual his and hers vanity, and large walk-in closet with built-ins. Formal dining room opens onto a beautiful patio w/stunning fire pit. Fireplaces in the master, family, and the living room and French doors from these rooms open to the backyard with views of the Ocean & the city lights and BBQ. Gourmet kitchen with granite countertops, large center island, top-of-the line stainless steel appliances, dual dishwashers, butler’s pantry, all opening to the spacious family room. Walk-in pantry, roomy laundry room, three-car-garage, two water heaters and much more. Highly sought-after neighborhood offers resort-style amenities which include pool, spa, clubhouse, tennis courts, sport courts, and playground. This home is situated in close proximity to Pelican Hill resort and golf course, beaches, restaurants, shopping, award winning schools, John Wayne Airport, and freeways.

Last Agent to Sell the Property

Danube Marandi

Berkshire Hathaway HomeService License #01108863 Listed on: 07/21/2017

Berkshire Hathaway HomeService

Last Buyer's Agent

Ghity Mahdara

Sage Investment Group License #01040127

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,232

Year Built

  • Built in 1997

Lot Details

  • 0.37 Acre Lot
  • Cul-De-Sac
  • Corner Lot
  • Sprinkler System
  • Back Yard

HOA Fees

  • $694 Monthly HOA Fees

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • City Lights

Interior Spaces

  • 4,176 Sq Ft Home
  • Gas Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Walk-In Pantry
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 4 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • Walk-In Closet

Outdoor Features

  • Exterior Lighting

Schools

  • Newport Coast Elementary School
  • Corona Del Mar High School

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 14038
  • Assessor Parcel Number 47709118

Community Details

Overview

  • Pelican Ridge Community Association, Phone Number (800) 428-5588

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Banquet Facilities
  • Meeting Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Ping Pong Table
  • Community Playground
  • Community Pool
  • Community Spa

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,232

Year Built

Built in 1997

Lot Details

0

HOA Fees

$694 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: Cell Phone
  • Other Phone Number: 949-230-4626
  • Property Attached: No
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47709118
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4176.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Gas
  • Levels: One
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 838.12
  • Room Type: All Bedrooms Down, Family Room, Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet, Walk-In Pantry

Exterior Features

  • View: City Lights, Ocean
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Picnic Area, Playground, Tennis Court(s), Paddle Tennis, Clubhouse, Banquet Facilities, Recreation Room, Meeting Room, Cable TV, Dues Paid Monthly, Guard
  • Association Fee: 694.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Ridge Community Association
  • Phone: 800-428-5588
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Elementary School #2: NEWCOA
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Cul-De-Sac, Sprinkler System
  • Lot Size Sq Ft: 16000.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 30
  • Tax Tract Number: 14038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2021
Sold by
Etemadi Khashayar and Paydar Azadeh Etemadi
Bought by
Etemadi Khashayar and Paydar Azadeh Etemadi
Current Estimated Value
$6,998,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,874,000
Outstanding Balance
$1,727,756
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$5,173,258

Purchase Details

Listed on
Jul 21, 2017
Closed on
Mar 8, 2018
Sold by
Cheng Kwong Wai
Bought by
Etemadi Khashayar and Etemadi Azadeh P
Seller's Agent
Danube Marandi
Berkshire Hathaway HomeService
Buyer's Agent
Ghity Mahdara
Sage Investment Group
List Price
$3,880,000
Sold Price
$3,500,000
Premium/Discount to List
-$380,000
-9.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$200,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2016
Sold by
Cheng Kwong Wai and Liu Kwong Wai Cheng
Bought by
Cheng Kwong Wai and Kwong Wai Cheng 2016 Trust

Purchase Details

Listed on
Sep 12, 2014
Closed on
Oct 24, 2014
Sold by
Cheng Pang Feng Yang
Bought by
Liu Kwong Wai Cheng
Seller's Agent
Danube Marandi
Berkshire Hathaway HomeService
Buyer's Agent
Andrew Karigan
Douglas Elliman Of California
Sold Price
$8,500

Purchase Details

Closed on
Dec 19, 2013
Sold by
Liu Stanley W
Bought by
Liu Kwong Wai Cheng and Cheng Kwong Wai

Purchase Details

Closed on
Sep 26, 1997
Sold by
Catellus Residential Ocean Ridge Inc
Bought by
Cheng Pang Feng Yang
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
Etemadi Khashayar -- Wfg National Title Co Of Ca
Etemadi Khashayar $3,500,000 California Title Co
Cheng Kwong Wai -- None Available
Liu Kwong Wai Cheng -- Accommodation
Liu Kwong Wai Cheng -- None Available
Cheng Pang Feng Yang $155,200 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Etemadi Khashayar $1,874,000
Closed Etemadi Khashayar $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2018 03/09/18 Sold $3,500,000 -9.8% $838 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
07/21/2017 07/21/17 For Sale $3,880,000 0.0% $929 / Sq Ft
09/12/2014 09/12/14 Rented $8,500 -5.6% --
09/12/2014 09/12/14 For Rent $9,000 0.0% --
04/30/2014 04/30/14 Rented $9,000 0.0% --
03/31/2014 03/31/14 Under Contract -- -- --
03/09/2014 03/09/14 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 $42,232 $3,982,401 $3,031,455 $950,946
2024 $42,232 $3,904,315 $2,972,015 $932,300
2023 $41,326 $3,827,760 $2,913,740 $914,020
2022 $40,712 $3,752,706 $2,856,607 $896,099
2021 $39,477 $3,679,124 $2,800,595 $878,529
2020 $39,656 $3,641,400 $2,771,879 $869,521
2019 $39,021 $3,570,000 $2,717,528 $852,472
2018 $24,039 $2,178,003 $1,523,314 $654,689
2017 $24,555 $2,135,298 $1,493,446 $641,852
2016 $26,186 $2,093,430 $1,464,163 $629,267
2015 $26,031 $2,061,985 $1,442,170 $619,815
2014 $25,372 $2,021,594 $1,413,920 $607,674
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17167800

California Regional Multiple Listing Service (CRMLS)

APN: 477-091-18