NOT LISTED FOR SALE

Estimated Value: $6,364,000 - $7,845,882

4 Beds
4.5 Baths
5,000 Sq Ft
$1,426/Sq Ft Est. Value

Last Sold February 10, 2012

Last sale price $2,030,000 $406 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $41,079/month

43 Days on Market

Highlights

  • Private Pool
  • Traditional Architecture
  • Carpet
  • Abraham Lincoln Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of February 2012

Luxury REO at its finest The bank just completed an extensive rehab to ensure that 32 Burning Tree is turnkey ready for immediate occupancy Behind the guarded gates of the acclaimed Big Canyon development lies a custom approximately 5,000 square foot estate on an approximately 11,000 square foot lot, rebuilt in approximatley 1992. Offering the perfect blend of gracious elegance and classic comfort, the spacious custom designed residence includes four four-and-one-half baths, plus office. This fine home features a spectacular foyer, graceful winding staircase, captivating and powerful architecture, vaulted coffered ceilings, polished marble floors, three fireplaces, family room with wet bar. Additional amenities include granite countertops, stainless appliances, coffee bar, sumptuous grand master bedroom with two fabulous walk-in closets, and an exquisite master bath. The grounds feature a large sparkling pool, spa fountain and manicured lush, tropical grounds.

Last Agent to Sell the Property

Spyro Kemble

Surterre Properties Inc. License #01012126 Listed on: 12/22/2011

Surterre Properties Inc.

Last Buyer's Agent

Spyro Kemble

Surterre Properties Inc. License #01012126 Listed on: 12/22/2011

Surterre Properties Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,623

Year Built

  • Built in 1972

Lot Details

  • 0.25

Parking

  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Stucco

Interior Spaces

  • 5,000 Sq Ft Home
  • Fireplace With Gas Starter
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Pool

  • Private Pool
  • Spa

Additional Features

  • 0.25 Acre Lot
  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 0.25
  • Tax Tract Number 7638
  • Assessor Parcel Number 44220110

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,623

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-689-8377
  • Property Attached: No
  • Subdivision Name Other: Big Canyon Custom
  • View: No
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 44220110
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5000.00
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas Starter
  • Levels: One
  • Price Per Square Foot: 406.00
  • Spa Features: Private

Exterior Features

  • Patio: No
  • Fence: No
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 217.00
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10890.0000 Square Feet

Tax Info

  • Tax Lot: 0.25
  • Tax Tract Number: 7638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2011
Closed on
Jan 26, 2012
Sold by
Bank Of America National Association
Bought by
Preferred Property Trust
Seller's Agent
Spyro Kemble
Surterre Properties Inc.
Buyer's Agent
Spyro Kemble
Surterre Properties Inc.
List Price
$2,145,000
Sold Price
$2,030,000
Premium/Discount to List
-$115,000
-5.36%
Current Estimated Value
$7,131,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,101,971
Avg. Annual Appreciation
9.04%

Purchase Details

Closed on
Nov 7, 2011
Sold by
Rippee Barbara J
Bought by
Bank Of America National Association

Purchase Details

Closed on
Aug 14, 1996
Sold by
Bernard Smith and Bernard Linda R
Bought by
Rippee Earl F and Rippee Barbara J
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
Preferred Property Trust -- Ticor Title
Bank Of America National Association $2,250,000 Servicelink
Rippee Earl F $1,550,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preferred Property Trust $250,000
Previous Owner Rippee Barbara J $2,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2012 02/10/12 Sold $2,030,000 -5.4% $406 / Sq Ft
02/03/2012 02/03/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $2,145,000 0.0% $429 / Sq Ft
12/30/2011 12/30/11 Pending -- -- --
12/22/2011 12/22/11 For Sale $2,145,000 -- $429 / 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 $26,623 $2,549,789 $1,177,779 $1,372,010
2024 $26,623 $2,499,794 $1,154,686 $1,345,108
2023 $25,998 $2,450,779 $1,132,045 $1,318,734
2022 $25,566 $2,402,725 $1,109,848 $1,292,877
2021 $25,075 $2,355,613 $1,088,086 $1,267,527
2020 $24,833 $2,331,460 $1,076,929 $1,254,531
2019 $24,317 $2,285,746 $1,055,813 $1,229,933
2018 $23,831 $2,240,928 $1,035,111 $1,205,817
2017 $23,408 $2,196,989 $1,014,815 $1,182,174
2016 $22,880 $2,153,911 $994,916 $1,158,995
2015 $22,664 $2,121,558 $979,972 $1,141,586
2014 $22,129 $2,080,000 $960,776 $1,119,224
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11005165

California Regional Multiple Listing Service (CRMLS)

APN: 442-201-10