NOT LISTED FOR SALE

Estimated Value: $8,527,000 - $10,891,159

5 Beds
6.5 Baths
5,150 Sq Ft
$1,842/Sq Ft Est. Value

Last Sold February 14, 2024

Last sale price $10,200,000 $1,981 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $58,009/month

203 Days on Market

Highlights

  • Ocean View
  • Above Ground Spa
  • Fireplace in Primary Bedroom
  • Harbor View Elementary School Rated A
  • Ocean Side of Highway 1
  • 3-minute walk to Lookout Point

About This Home

As of February 2024

Commanding unimpeded views of the Pacific Ocean, coastline, Catalina Island, and Newport Harbor, this standout estate offers an unrivaled
coastal living experience. Thoughtfully designed, the residence boasts five sumptuously appointed en suite bedrooms and six-and-a-half baths.
Ideal for entertaining, the living room features a brick surround fireplace and unfolds onto an oceanfront patio through bi-fold doors. A built-in
barbecue and open-air fire pit augment the appeal of this space, primed for unforgettable alfresco gatherings. Extending from the secondary living
area via French doors, an interior patio serves as a private haven with a soothing water feature. A chef's delight, the kitchen boasts a center island,
granite countertops, quartz backsplash, Wolf appliances, and custom cabinetry. Two expansive primary bedrooms grace the interiors, one of which
enjoys an ocean view and offers a private balcony, indulgent soaking tub, vanity area, and a spacious walk-in closet. An office, occupying the third
floor, presents the potential to transform into a sixth bedroom. Adding to its allure, it opens onto a rooftop deck, offering resplendent views and an
above-ground spa. Additional highlights include wood flooring, recessed lighting, plantation shutters, and custom window coverings. The property
is completed by a three-car garage and is set just moments away from Corona del Mar’s village shops, restaurants, Fashion Island, Lido Marina
Village, and award-winning schools.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 06/26/2023

Coldwell Banker Realty

Last Buyer's Agent

Andrew Karigan

Douglas Elliman Of California License #01427661

Douglas Elliman Of California

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 5,344 Sq Ft Lot
  • Landscaped
  • Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Property Views

  • Ocean
  • Harbor
  • Panoramic

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,150 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Recessed Lighting
  • Plantation Shutters
  • Custom Window Coverings
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Open to Family Room
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Kitchen Island
  • Granite Countertops
  • Utility Sink

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Multiple Shower Heads
  • Separate Shower

Outdoor Features

  • Above Ground Spa
  • Ocean Side of Highway 1
  • Balcony
  • Open Patio
  • Outdoor Fireplace
  • Fire Pit
  • Rooftop Access
  • Outdoor Grill

Schools

  • Harbor View Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity

Community Details

  • No Home Owners Association
  • Corona Del Mar South Of Pch Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 136
  • Tax Tract Number 648
  • Assessor Parcel Number 05206312
  • $369 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

5,344 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 949.919.5899
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05206312
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5150.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Recessed Lighting
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Bedroom, Outside, Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1980.58
  • Room Type: Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Walk-In Closet
  • Spa Features: Above Ground
  • Window Features: Custom Covering, Plantation Shutters
  • Bathroom Features: Shower, Double Sinks In Bath(s), Double Sinks In Primary Bath, Dual Shower Heads (or Multiple), Separate Tub And Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Utility Sink

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Harbor, Ocean, Panoramic, Water
  • Patio And Porch Features: Patio, Patio Open, Roof Top
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Oven, Gas Cooktop, Range Hood
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • Elementary School: Harbor View
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: HARVIE
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 5344.00
  • Lot Size Acres: 0.1227

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5344.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 136
  • Tax Census Tract: 627.02
  • Tax Lot: 3
  • Tax Tract Number: 648
  • TaxOtherAnnualAssessmentAmount: 369.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Jan 24, 2024
Sold by
Lipps Ben J and Lipps Judith F
Bought by
Scott T Obrien And Deanna Obrien Trust and Obrien Scott T
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Andrew Karigan
Douglas Elliman Of California
List Price
$10,995,000
Sold Price
$10,200,000
Premium/Discount to List
-$795,000
-7.23%
Views
439
Current Estimated Value
$9,486,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$713,614
Avg. Annual Appreciation
-3.41%
Original Mortgage
$6,630,000
Outstanding Balance
$6,506,551
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$2,979,835

Purchase Details

Closed on
Feb 23, 2005
Sold by
Petersen Mary
Bought by
Lipps Ben J and Lipps Judith F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2004
Sold by
Petersen Mary
Bought by
Petersen Mary and The Mary Petersen 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
$3,000,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2003
Sold by
Ocean 3024
Bought by
Petersen Mary and Mary Petersen Family Trust

Purchase Details

Closed on
Jun 28, 2002
Sold by
Ocean 3024
Bought by
Petersen Mary and Mary Petersen 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
$2,625,000
Interest Rate
5.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Scott T Obrien And Deanna Obrien Trust $10,200,000 Chicago Title
Lipps Ben J $6,080,000 Equity Title Company
Petersen Mary -- North American Title Company
Petersen Mary -- North American Title Company
Petersen Mary -- Chicago Title Insurance Co
Petersen Mary $4,375,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott T Obrien And Deanna Obrien Trust $6,630,000
Previous Owner Lipps Ben J $1,500,000
Previous Owner Petersen Mary $3,000,000
Previous Owner Petersen Mary $2,625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2024 02/14/24 Sold $10,200,000 -7.2% $1,981 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
12/28/2023 12/28/23 For Sale $10,995,000 +7.8% $2,135 / Sq Ft
12/27/2023 12/27/23 Off Market $10,200,000 -- --
11/14/2023 11/14/23 Price Changed $10,995,000 -4.3% $2,135 / Sq Ft
09/27/2023 09/27/23 Price Changed $11,495,000 -4.2% $2,232 / Sq Ft
08/15/2023 08/15/23 Price Changed $11,995,000 -4.0% $2,329 / Sq Ft
06/26/2023 06/26/23 For Sale $12,495,000 -- $2,426 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $87,820 $10,404,000 $8,675,832 $1,728,168
2024 $87,820 $8,308,847 $6,800,599 $1,508,248
2023 $85,774 $8,145,929 $6,667,254 $1,478,675
2022 $84,365 $7,986,205 $6,536,523 $1,449,682
2021 $82,742 $7,829,613 $6,408,356 $1,421,257
2020 $81,949 $7,749,330 $6,342,646 $1,406,684
2019 $80,233 $7,597,383 $6,218,281 $1,379,102
2018 $78,627 $7,448,415 $6,096,354 $1,352,061
2017 $77,233 $7,302,368 $5,976,818 $1,325,550
2016 $75,487 $7,159,185 $5,859,626 $1,299,559
2015 $71,005 $6,700,671 $5,546,515 $1,154,156
2014 $70,707 $6,700,671 $5,546,515 $1,154,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23112776

California Regional Multiple Listing Service (CRMLS)

APN: 052-063-12

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