Seller's Agent in 2019
Derek Larson
California Dream Luxury Homes & Investments
(949) 677-4121
24 Total Sales
3 Sea Terrace Newport Coast, CA 92657
Newport Ridge NeighborhoodEstimated Value: $3,552,000 - $4,201,000
4
Beds
3
Baths
2,560
Sq Ft
$1,495/Sq Ft
Est. Value
Highlights
- City Lights View
- Updated Kitchen
- Property is near a park
- Newport Coast Elementary School Rated A
- Open Floorplan
- Cathedral Ceiling
About This Home
As of March 2019The wait is over! A SPECTACULAR 3 BEDROOM + OFFICE, 2.75 BATH, 3 CAR GARAGE, SINGLE LEVEL HOME, WITH A CITY VIEW, ON ONE OF THE MOST DESIRABLE LOTS in Newport Ridge Estates is finally available! This home is one of the very few that features an open view beyond the reservoir to the city, and it only gets better at night when you combine the lit firepit, city lights, and Disneyland fireworks! This is the penultimate in light, bright, and open flowing floorplan. A complete renovation has infused classic sophistication, with a touch of modern and California cool. Upon entrance through the double doors your eye will be immediately drawn to the custom, roll away sliding glass doors that completely open, to bring the outdoors, inside. This is an ideal home for entertaining, or enjoy a private and luxurious night in. No detail was overlooked; from the beautiful new wood flooring throughout, stylish and contemporary remodeled bathrooms and kitchen, with all new lighting, freshly painted, two fireplaces, attractive and low maintenance backyard with firepit and view, and more...Not to mention, all of this is located in Newport Coast. One of the most sought after locations in all of Orange County. 3 Sea Terrace's close proximity to world class Crystal Cove beaches, 5-Star Premier Resort at Pelican Hill, Fashion Island, premium dining, shopping, entertainment, and breathtaking scenery offers a vacation feel 365 days a year, This wont last long...
Last Agent to Sell the Property
California Dream Luxury Homes & Investments License #01294200 Listed on: 10/27/2018
Last Buyer's Agent
Patty Lance
Compass License #01386734
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,805
Year Built
- Built in 1994 | Remodeled
Lot Details
- 7,504 Sq Ft Lot
- Level Lot
- Drip System Landscaping
- Private Yard
- Back and Front Yard
HOA Fees
- $300 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- Parking Available
- Driveway
Property Views
- City Lights
- Reservoir
Home Design
- Turnkey
Interior Spaces
- 2,560 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Cathedral Ceiling
- Double Door Entry
- Family Room Off Kitchen
- Living Room with Fireplace
- Dining Room with Fireplace
- Home Office
- Storage
- Laundry Room
- Wood Flooring
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms | 3 Main Level Bedrooms
- Walk-In Closet
- Remodeled Bathroom
- Low Flow Toliet
- Bathtub
Outdoor Features
- Exterior Lighting
- Rain Gutters
Schools
- Newport Coast Elementary School
- Lincoln Middle School
- Corona Del Mar High School
Additional Features
- Entry Slope Less Than 1 Foot
- Property is near a park
- Forced Air Heating and Cooling System
Listing and Financial Details
- Tax Lot 27
- Tax Tract Number 14581
- Assessor Parcel Number 46118103
Community Details
Overview
- Newport Ridge Estates Association, Phone Number (800) 428-5588
- Built by Greystone
Recreation
- Community Pool
- Community Spa
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 20, 2025
Sold by
Merjanian Vicken A
Bought by
Vic A Merjanian Living Trust and Merjanian
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$744,099
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,083,231
Purchase Details
Closed on
Jun 26, 2019
Sold by
Merjanian Vicken A
Bought by
Merjanian Vicken A and Vic A Merjanian Living Trust
Purchase Details
Listed on
Oct 27, 2018
Closed on
Feb 28, 2019
Sold by
Larson Keith
Bought by
Merjanian Vicken
Seller's Agent
Derek Larson
California Dream Luxury Homes & Investments
Buyer's Agent
Patty Lance
Compass
List Price
$2,495,000
Sold Price
$2,250,000
Premium/Discount to List
-$245,000
-9.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%
Original Mortgage
$1,800,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 19, 2016
Sold by
Sowin Sally Nancy
Bought by
Larson Keith
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,632
Interest Rate
3.54%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 8, 2005
Sold by
Sowin Sally Nancy
Bought by
Sowin Sally Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 29, 2003
Sold by
Sowin Sally Nancy and Sowin Sally
Bought by
Sowin Sally Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 25, 2003
Sold by
Sowin Jack P and Nancy Sowin S
Bought by
Sowin S Nancy
Purchase Details
Closed on
Feb 7, 1996
Sold by
Skarman Kristi A
Bought by
Sowin Jack P and Nancy Sowin S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
6.75%
Purchase Details
Closed on
Aug 3, 1994
Sold by
A M Homes
Bought by
Skarman John S and Skarman Kristi A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.51%
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 |
|---|---|---|---|
| Vic A Merjanian Living Trust | -- | Wfg Title Company | |
| Merjanian Vicken A | -- | Wfg Title Company | |
| Merjanian Vicken A | -- | None Available | |
| Merjanian Vicken | $2,250,000 | First American Title Company | |
| Larson Keith | -- | First American Title Company | |
| Sowin Sally Nancy | -- | First Southwestern Title Of | |
| Sowin Sally Nancy | -- | First American Title Co | |
| Sowin S Nancy | -- | -- | |
| Sowin Jack P | $635,000 | Guardian Title Company | |
| Skarman John S | $649,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Merjanian Vicken A | $750,000 | |
| Previous Owner | Vic A Merjanian Living Trust | $500,000 | |
| Previous Owner | Merjanian Vicken A | $2,000,000 | |
| Previous Owner | Merjanian Vicken | $1,800,000 | |
| Previous Owner | Larson Keith | $300,000 | |
| Previous Owner | Larson Keith | $60,000 | |
| Previous Owner | Larson Keith | $765,632 | |
| Previous Owner | Sowin Sally Nancy | $645,000 | |
| Previous Owner | Sowin Sally Nancy | $567,000 | |
| Previous Owner | Sowin Sally Nancy | $479,000 | |
| Previous Owner | Sowin Jack P | $508,000 | |
| Previous Owner | Skarman John S | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2019 03/29/19 | Sold | $2,250,000 | -6.1% | $879 / Sq Ft |
| 01/25/2019 01/25/19 | Price Changed | $2,395,000 | -4.0% | $936 / Sq Ft |
| 10/27/2018 10/27/18 | For Sale | $2,495,000 | -- | $975 / 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 | $25,805 | $2,509,917 | $2,150,340 | $359,577 |
| 2024 | $25,805 | $2,460,703 | $2,108,176 | $352,527 |
| 2023 | $25,280 | $2,412,454 | $2,066,839 | $345,615 |
| 2022 | $24,806 | $2,365,151 | $2,026,312 | $338,839 |
| 2021 | $22,683 | $2,318,776 | $1,986,580 | $332,196 |
| 2020 | $24,145 | $2,295,000 | $1,966,210 | $328,790 |
| 2019 | $14,398 | $1,352,520 | $1,040,400 | $312,120 |
| 2018 | $18,402 | $1,734,000 | $1,439,131 | $294,869 |
| 2017 | $18,067 | $1,700,000 | $1,410,912 | $289,088 |
| 2016 | $9,415 | $891,122 | $607,944 | $283,178 |
| 2015 | $9,334 | $877,737 | $598,812 | $278,925 |
| 2014 | $9,777 | $860,544 | $587,082 | $273,462 |
Source: Public Records
Agents Affiliated with this Home
-
Derek Larson
-
P
Buyer's Agent in 2019
Patty Lance
Compass
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18259845
APN: 461-181-03
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes