NOT LISTED FOR SALE

Estimated Value: $3,665,000 - $4,440,000

5 Beds
5.5 Baths
3,091 Sq Ft
$1,322/Sq Ft Est. Value

Last Sold November 12, 2013

Last sale price $2,100,000 $679 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $24,198/month

53 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • Clubhouse
  • Vista Verde Rated A+
  • Private Pool
  • Lawn

About This Home

As of November 2013

Welcome to this elegant Tuscan architectural style and crafted home that creates an Old World European flavor. This property is located in the prestigious gated community of "The Summit of Turtle Ridge'. It has exquisitely exterior detailing which includes genuine clay tile, fire retardant roofing, forged iron balcony railings, hand crafted custom stained knotty older entry doors complimented with Ashley Norton mortise locking system in black iron. Defined exterior living spaces which includes a courtyard and loggia. On the interior property features a marvelous foyer, maple stairway handrails, traditional wood burning fireplace, sophisticated recessed lighting, exquisite moldings, door casings and an elegant wine cellar with handcrafted iron gate. It also includes spacious and functional five bedrooms each with it's own baths. Living room and dining area display designed beamed ceilings which opens to kitchen and overlooks the backyard which includes a fireplace and outdoor cooking barbecue. A lovely gourmet kitchen featuring a enormous granite island, stainless steel double ovens, built in refrigerator, microwave, six burner gas cook top and dishwasher. As an additional feature this property has a "casita" which includes a Murphy bed.

Last Agent to Sell the Property

Giovanni Alvarez

Rizzone Real Estate Group License #01086371 Listed on: 09/03/2013

Last Buyer's Agent

Ming Chen

RE/MAX Premier Realty License #01160056

RE/MAX Premier Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 5,358 Sq Ft Lot
  • Lawn

HOA Fees

  • $410 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Coastline
  • City Lights
  • Neighborhood

Interior Spaces

  • 3,091 Sq Ft Home
  • Formal Entry
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • Private Pool
  • Spa

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 478
  • Tax Tract Number 16312
  • Assessor Parcel Number 47838106

Community Details

Overview

  • Merit/First Service Residential Association, Phone Number (949) 448-6000
  • Built by Richmond American Homes of CA
  • Foothills

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Meeting Room
  • Recreation Room

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Hiking Trails

Security

  • Security Guard
  • Controlled Access

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$410 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Ledges (LEDG)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47838106
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3091.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 679.39
  • Room Type: Formal Entry, Foyer, Living Room, Master Bedroom, Office
  • Spa Features: Association

Exterior Features

  • View: City Lights, Coastline, Neighborhood, Ocean
  • Builder Name: Richmond American Homes of CA
  • Pool Features: Association
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Call for Rules, Clubhouse, Controlled Access, Fire Pit, Guard, Gym/Ex Room, Hiking Trails, Meeting Room, Picnic Area, Playground, Pool, Recreation Room, Spa/Hot Tub
  • Association Fee: 410.00
  • Association Fee Frequency: Monthly
  • Association Name: Merit/First Service Residential
  • Phone: 949-448-6000
  • Senior Community: No
  • Community Features: Foothills

Lot Info

  • Lot Features: Lawn
  • Lot Size Sq Ft: 5358.00
  • Lot Size Acres: 0.1230

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5358.0000 Square Feet
  • Number Of Units In Community: 76
  • Number Of Units Total: 76

Tax Info

  • Tax Lot: 478
  • Tax Tract Number: 16312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2020
Sold by
Advanced Investment Llc
Bought by
Min Ahn Bang and Min Lee Chung
Current Estimated Value
$4,086,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,784,000
Outstanding Balance
$1,584,630
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,501,654

Purchase Details

Closed on
Jan 2, 2018
Sold by
Lai Annie
Bought by
Advanced Investment Llc

Purchase Details

Closed on
Feb 25, 2014
Sold by
Lai Annie
Bought by
Lai Annie and Grexus Lari Trust

Purchase Details

Listed on
Sep 3, 2013
Closed on
Nov 7, 2013
Sold by
Alvarez Giovanni and Alvarez Marianella
Bought by
Lai Annie
Seller's Agent
Giovanni Alvarez
Rizzone Real Estate Group
Buyer's Agent
Ming Chen
RE/MAX Premier Realty
List Price
$2,225,000
Sold Price
$2,100,000
Premium/Discount to List
-$125,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%

Purchase Details

Closed on
Oct 6, 2004
Sold by
Richmond American Homes Of Ca Inc
Bought by
Alvarez Giovanni and Alvarez Marianella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$939,800
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Min Ahn Bang $2,230,000 Fidelity National Title
Advanced Investment Llc $2,250,000 None Available
Lai Annie -- None Available
Lai Annie $2,100,000 Ticor Title Tustin Orange Co
Alvarez Giovanni $1,566,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Min Ahn Bang $1,784,000
Previous Owner Alvarez Giovanni $939,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2013 11/12/13 Sold $2,100,000 -4.3% $679 / Sq Ft
10/26/2013 10/26/13 Pending -- -- --
10/17/2013 10/17/13 Price Changed $2,195,000 -1.3% $710 / Sq Ft
09/03/2013 09/03/13 For Sale $2,225,000 -- $720 / 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 $28,543 $2,413,822 $1,581,792 $832,030
2024 $28,543 $2,366,493 $1,550,777 $815,716
2023 $28,004 $2,320,092 $1,520,370 $799,722
2022 $27,479 $2,274,600 $1,490,558 $784,042
2021 $27,115 $2,230,000 $1,461,331 $768,669
2020 $28,247 $2,340,900 $1,622,798 $718,102
2019 $27,762 $2,295,000 $1,590,978 $704,022
2018 $27,416 $2,262,476 $1,607,246 $655,230
2017 $26,926 $2,218,114 $1,575,731 $642,383
2016 $26,451 $2,174,622 $1,544,834 $629,788
2015 $26,016 $2,141,958 $1,521,630 $620,328
2014 $25,930 $2,100,000 $1,491,823 $608,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13178879

California Regional Multiple Listing Service (CRMLS)

APN: 478-381-06