NOT LISTED FOR SALE

Estimated Value: $5,566,000 - $6,022,946

5 Beds
3 Baths
2,089 Sq Ft
$2,806/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $3,350,000 $1,604 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $36,283/month

28 Days on Market

Highlights

  • Peek-A-Boo Views
  • Bonus Room
  • No HOA
  • Harbor View Elementary School Rated A
  • Lawn
  • 3-minute walk to Bayside Drive Park

About This Home

As of October 2019

Corona Del Mar living at its finest! Situated on the desirable south side of PCH, this R-2 oversized 40 foot wide lot is a mere block from the Ocean. Nestled on the sunny side of the street, this property features a 2 bedroom and 2 bath single story front unit with ample setback for a garden or creative landscaping. In the back is a 2 story unit separated by a backyard patio and lawn. The back unit features a 2 bedroom 1 bath upstairs, with an additional studio with full bath downstairs. Attached to the back unit are 2 separate garages for parking or storage, in addition to a 2 spot car port. This property is also ideally suited for redevelopment into a single family residence or 2 condos, either scenario providing up to approximately 4,100-sf of living area. This represents an extraordinary opportunity to own a quality investment property or custom-build your new home. 304 Jasmine’s central location is a quick walk to the ocean, walking distance to dining and shopping in CDM Village, and in close proximity to Fashion Island, Newport Beach Country Club & Pelican Hill Resort.

Last Agent to Sell the Property

Adam Warnick

Douglas Elliman of California License #01937612 Listed on: 09/11/2019

Douglas Elliman of California

Co-Listed By

Eric Adler

Blue Pacific Real Estate License #02067260

Last Buyer's Agent

Pallie Jones

Arbor Real Estate License #01918002

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,189

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 4,722 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Parking Available
  • Parking Lot

Home Design

  • Duplex
  • Bungalow
  • Split Level Home
  • Composition Roof

Interior Spaces

  • 2,089 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Peek-A-Boo Views
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters

Schools

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

Utilities

  • No Heating

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 4 / 237
  • Tax Tract Number 186
  • Assessor Parcel Number 05210109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,189

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Other Phone Number: 714-943-4973
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 05210109
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2089.00 Square Feet
  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: Multi/Split
  • Price Per Square Foot: 1603.64
  • Room Type: Bonus Room, Den, Kitchen, Living Room, Office

Exterior Features

  • Patio: Yes
  • View: Peek-A-Boo
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, On Site, Parking Space, Private
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Harbor View
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • 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: 2-5 Units/Acre, Lawn, Rectangular Lot
  • Lot Size Sq Ft: 4722.00
  • Lot Size Acres: 0.1084

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4722.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 237
  • Tax Census Tract: 627.02
  • Tax Lot: 4
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 10, 2019
Sold by
Jasmine 3 Llc
Bought by
Danz Tad and Danz Barbara Renee
Seller's Agent
Adam Warnick
Douglas Elliman of California
Buyer's Agent
Pallie Jones
Arbor Real Estate
List Price
$3,495,000
Sold Price
$3,350,000
Premium/Discount to List
-$145,000
-4.15%
Current Estimated Value
$5,860,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,510,987
Avg. Annual Appreciation
9.17%

Purchase Details

Listed on
Apr 8, 2019
Closed on
Jun 13, 2019
Sold by
Jasmine 3 Llc
Bought by
Jasmine 3 Llc
Seller's Agent
Eric Adler
Blue Pacific Real Estate
Buyer's Agent
Eric Adler
Blue Pacific Real Estate
Sold Price
$3,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 16, 2018
Closed on
Jan 10, 2019
Sold by
Rees John Andrew
Bought by
Jasmine 3 Llc
Seller's Agent
Clay Jorth
Seven Gables Real Estate
Buyer's Agent
Adam Warnick
Douglas Elliman of California
List Price
$3,250,000
Sold Price
$3,000,000
Premium/Discount to List
-$250,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%

Purchase Details

Closed on
Oct 2, 2006
Sold by
Rees R Russell R and Rees Jeanne B
Bought by
Rees R Russell R and Rees Jeanne B

Purchase Details

Closed on
Jan 11, 2000
Sold by
Doran Timothy P and Doran Patricia L
Bought by
Beltran Edina and Doran Timothy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Danz Tad $3,350,000 First American Title Company
Jasmine 3 Llc -- First American Title Company
Jasmine 3 Llc $3,000,000 First American Title Company
Rees R Russell R -- None Available
Beltran Edina -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danz Tad $3,610,000
Previous Owner Jasmine 3 Llc $2,100,000
Previous Owner Rees Jeanne B $181,000
Previous Owner Rees Jeanne B $250,000
Previous Owner Beltran Edina $401,500
Previous Owner Rees R Russell $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $3,350,000 -4.1% $1,604 / Sq Ft
09/11/2019 09/11/19 For Sale $3,495,000 0.0% $1,673 / Sq Ft
04/26/2019 04/26/19 Rented $3,750 -16.6% --
04/25/2019 04/25/19 Under Contract -- -- --
04/08/2019 04/08/19 For Rent $4,499 0.0% --
01/30/2019 01/30/19 Sold $3,000,000 -7.7% $1,436 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
11/16/2018 11/16/18 For Sale $3,250,000 -- $1,556 / 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 $52,189 $5,006,596 $3,569,270 $1,437,326
2024 $52,189 $4,908,428 $3,499,284 $1,409,144
2023 $44,775 $4,221,320 $3,430,671 $790,649
2022 $40,360 $3,789,136 $3,363,403 $425,733
2021 $36,113 $3,384,706 $3,297,454 $87,252
2020 $35,766 $3,350,000 $3,263,642 $86,358
2019 $15,356 $1,413,506 $1,325,207 $88,299
2018 $4,082 $348,868 $259,383 $89,485
2017 $4,011 $342,028 $254,297 $87,731
2016 $3,924 $335,322 $249,311 $86,011
2015 $3,883 $330,286 $245,566 $84,720
2014 $3,792 $323,817 $240,756 $83,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19217537

California Regional Multiple Listing Service (CRMLS)

APN: 052-101-09