Seller's Agent in 2017
Vicki Lee
Compass
(949) 466-3224
1 in this area
24 Total Sales
3 Longboat Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $8,328,000 - $10,183,420
4
Beds
4.5
Baths
5,000
Sq Ft
$1,816/Sq Ft
Est. Value
Highlights
- Ocean View
- Gated with Attendant
- Primary Bedroom Suite
- Newport Coast Elementary School Rated A
- Filtered Pool
- Updated Kitchen
About This Home
As of March 2017A beautiful home with a sophisticated, European ambiance offering Ocean, city lights and panoramic vistas, 3 Longboat is an inviting presence in exclusive Pelican Ridge. Stylishly remodeled in 2012 with exquisite materials and craftsmanship-Truly a Must See.
A Lovely, calming fountain welcomes your guests and invites them to the glass and iron embellished double entry doors. The Grand, two story entry opens to all the major rooms on the first floor: living room; great room; dining room; office/library and game room. Additionally this level has an en-suite, spacious laundry and direct access to the oversize three car garage. On the second level are three additional bedrooms including the sumptuous master suite with spa like en-suite, unique double-sided fireplace and private view balcony.
Graceful French doors lead to the limestone paved yard. An entertainers delight with swimming pool, spa, fire pit, fountains and bar-b-que kitchen, this space will be the focal point of your life on Newport Beach’s sunny afternoons and warm evenings.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $82,667
Year Built
- Built in 1995
Lot Details
- 0.32 Acre Lot
- Block Wall Fence
- Front and Back Yard Sprinklers
- Private Yard
- Lawn
- Garden
- Back and Front Yard
HOA Fees
Parking
- 3 Car Direct Access Garage
- Parking Available
Property Views
- Ocean
- Panoramic
- City Lights
- Canyon
Home Design
- Mediterranean Architecture
- Spanish Tile Roof
- Stucco
Interior Spaces
- 5,000 Sq Ft Home
- Wet Bar
- Central Vacuum
- Furnished
- Built-In Features
- Bar
- Crown Molding
- Coffered Ceiling
- Two Story Ceilings
- See Through Fireplace
- Double Door Entry
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room
- Library with Fireplace
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Six Burner Stove
- Gas Range
- Free-Standing Range
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Stone
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Pool
- Filtered Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Waterfall Pool Feature
Outdoor Features
- Balcony
- Patio
- Fire Pit
- Outdoor Grill
- Wrap Around Porch
Utilities
- Two cooling system units
- Forced Air Heating and Cooling System
- Underground Utilities
- Phone Available
Community Details
- Gated with Attendant
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 14037
- Assessor Parcel Number 47705115
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2024
Sold by
Gerro Gabriela
Bought by
Mj Gerro Family Trust and Gerro
Total Days on Market
305
Current Estimated Value
Purchase Details
Closed on
Nov 18, 2021
Sold by
Gerro Michael John and The Mj Gerro Family Trust
Bought by
Gerro John M and The Gerro Revocable Family 199
Purchase Details
Closed on
May 22, 2018
Sold by
Gerro Michael John
Bought by
Gerro Michael John and Mj Gerro Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,305,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 4, 2016
Closed on
Feb 8, 2017
Sold by
Li Lixin and Yaer Jin
Bought by
Gerro Michael J and M J Gerro Family Trust
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
John Gerro
JOHN M. GERRO
List Price
$5,850,000
Sold Price
$5,220,000
Premium/Discount to List
-$630,000
-10.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$2,900,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Dec 5, 2012
Closed on
Mar 14, 2013
Sold by
Kear Lauren N
Bought by
Li Lixin and Yaer Jin
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Jessica Haefelfinger
HOM Sotheby's International Re
List Price
$4,490,000
Sold Price
$4,375,000
Premium/Discount to List
-$115,000
-2.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Purchase Details
Closed on
Oct 7, 2011
Sold by
Us Bank National Association
Bought by
Kear Jay L and Kear Lauren N
Purchase Details
Closed on
Mar 30, 2011
Sold by
Sadek Daniel
Bought by
Us Bank National Association
Purchase Details
Closed on
Mar 24, 2003
Sold by
Southpac Trust International
Bought by
Sadek Daniel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,000
Interest Rate
5.87%
Purchase Details
Closed on
Feb 6, 2002
Sold by
Cook Island Trust Ltd
Bought by
Southpac Trust International Inc and The Naz Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.13%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 26, 2001
Sold by
Magarian Glenn Anthony
Bought by
Cook Islands Trust Ltd and The Naz Family Trust Settlement Of Trust
Purchase Details
Closed on
Dec 3, 1999
Sold by
Joanne Tom
Bought by
Southpac Trust International Inc and The Naz Family Trust
Purchase Details
Closed on
Oct 30, 1996
Sold by
Martindale James A and Martindale Susana B
Bought by
Tom Joanne Kiana Marie and Southpac Trust 1993
Purchase Details
Closed on
Aug 24, 1993
Sold by
The Irvine Company
Bought by
Martindale James A and Martindale Susana B
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mj Gerro Family Trust | -- | None Listed On Document | |
| Gerro John M | -- | Ticor Title Company Of Ca | |
| Gerro Michael John | -- | Ticor Title Co Of California | |
| Gerro Michael John | -- | Ticor Title Co Of California | |
| Gerro Michael J | $5,200,000 | Ticor Title | |
| Li Lixin | $4,375,000 | Usa National Title Co | |
| Kear Jay L | $2,500,000 | First American Title | |
| Us Bank National Association | $2,908,059 | Accommodation | |
| Sadek Daniel | -- | -- | |
| Southpac Trust International Inc | -- | -- | |
| Cook Islands Trust Ltd | -- | Commonwealth Land Title | |
| Magarian Glenn Anthony | -- | Commonwealth Land Title | |
| Southpac Trust International Inc | -- | Fidelity National Title Ins | |
| Tom Joanne Kiana Marie | -- | Guardian Title Company | |
| Martindale James A | -- | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mj Gerro Family Trust | $4,250,000 | |
| Previous Owner | Gerro Revocable Family 1992 Tr | $1,450,000 | |
| Previous Owner | Gerro Michael John | $4,750,000 | |
| Previous Owner | Gerro Michael John | $422,000 | |
| Previous Owner | Gerro Michael John | $4,305,000 | |
| Previous Owner | Gerro Michael J | $2,900,000 | |
| Previous Owner | Kear Lauren N | $600,000 | |
| Previous Owner | Sadek Daniel | $2,500,000 | |
| Previous Owner | Sadek Daniel | $1,500,000 | |
| Previous Owner | Sadek Daniel | $1,200,000 | |
| Previous Owner | Sadek Daniel | $2,200,000 | |
| Previous Owner | Sadek Daniel | $2,590,000 | |
| Previous Owner | Sadek Daniel | $2,240,000 | |
| Previous Owner | Sadek Daniel | $350,000 | |
| Previous Owner | Sadek Daniel | $2,240,000 | |
| Previous Owner | Sadek Daniel | $350,000 | |
| Previous Owner | Southpac Trust International Inc | $500,000 | |
| Previous Owner | Southpac Trust International Inc | $190,000 | |
| Previous Owner | Southpac Trust International Inc | $60,000 | |
| Previous Owner | Southpac Trust International Inc | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2017 03/07/17 | Sold | $5,220,000 | -1.4% | $1,044 / Sq Ft |
| 02/03/2017 02/03/17 | Pending | -- | -- | -- |
| 01/25/2017 01/25/17 | Price Changed | $5,295,000 | -3.6% | $1,059 / Sq Ft |
| 06/03/2016 06/03/16 | Price Changed | $5,495,000 | -6.1% | $1,099 / Sq Ft |
| 04/04/2016 04/04/16 | For Sale | $5,850,000 | +33.7% | $1,170 / Sq Ft |
| 04/10/2013 04/10/13 | Sold | $4,375,000 | -2.8% | $875 / Sq Ft |
| 12/11/2012 12/11/12 | Price Changed | $4,499,000 | +0.2% | $900 / Sq Ft |
| 12/05/2012 12/05/12 | For Sale | $4,490,000 | -- | $898 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $82,667 | $7,803,000 | $6,478,227 | $1,324,773 |
| 2024 | $82,667 | $7,650,000 | $6,351,202 | $1,298,798 |
| 2023 | $82,431 | $7,650,000 | $6,351,202 | $1,298,798 |
| 2022 | $81,069 | $7,500,000 | $6,226,668 | $1,273,332 |
| 2021 | $59,761 | $5,575,450 | $4,290,075 | $1,285,375 |
| 2020 | $59,756 | $5,518,281 | $4,246,085 | $1,272,196 |
| 2019 | $58,697 | $5,410,080 | $4,162,829 | $1,247,251 |
| 2018 | $57,531 | $5,304,000 | $4,081,204 | $1,222,796 |
| 2017 | $51,497 | $4,642,051 | $3,366,175 | $1,275,876 |
| 2016 | $52,559 | $4,551,031 | $3,300,172 | $1,250,859 |
| 2015 | $52,152 | $4,482,671 | $3,250,601 | $1,232,070 |
| 2014 | $50,945 | $4,394,862 | $3,186,926 | $1,207,936 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2017
John Gerro
JOHN M. GERRO
(818) 840-0666
3 Total Sales
-
Seller's Agent in 2013
Tim Smith
Coldwell Banker Realty
(949) 717-4711
16 in this area
711 Total Sales
-
J
Buyer's Agent in 2013
Jessica Haefelfinger
HOM Sotheby's International Re
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG16075270
APN: 477-051-15
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