NOT LISTED FOR SALE

Estimated Value: $6,030,000 - $9,503,000

4 Beds
4.5 Baths
2,774 Sq Ft
$2,677/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $8,450,000 $3,046 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $45,408/month

53 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Newly Remodeled
  • Newport Elementary School Rated A
  • Property has ocean access
  • Primary Bedroom Suite

About This Home

As of December 2020

BEAUTIFUL OCEANFRONT HOME DESIGNED BY BRION JEANNETTE & COMPLETED FROM GROUND UP IN 2016. Home is Turn-Key, Fully Furnished & move in ready. Features a Copper Roof, Fire Sprinklers & Elevator. Home is in a prime location on a corner lot facing the boardwalk with a full ocean view of the Coastline, Catalina Island & Mtn. view. 1st level of the house features a Gourmet Kitchen with top of the line appliances including a Wolf 6 Burner Stove/Grill, Copper Hood, built in Steam Oven, Sub Zero Refrigerator & a wall mounted French La Cornue Rotisserie. The living room has accordion glass doors & automatic shades that open to the patio, to become 1 large indoor/outdoor space, with a Fire Pit & white-water views. The Savant Smart Home System can be accessed from Smart Devices & controls audio, video, blinds & lights throughout the home. Tile Floors are heated with individual controls for each room or area including the outside top deck. Upstairs 2nd & 3rd levels have a Master Bedroom, fireplace, ocean views, private office & 3 additional Bedrooms & Bathrooms. A Unique 450 S/F Bonus Room on the 3rd floor is not considered legal S/F but may just be the best space in the house for privacy and entertainment. It has a Copper Ceiling, 70” T.V. plus a separate Ceiling Projector & a large drop down movie screen. The 600 S/F. Roof Top Deck has Spectacular Views. Deck has a built in BBQ, Fireplace, Refrigerator & Stove top. 2 car garage.
More details available. SEE VIRTUAL TOUR & ATTACHMENTS!!

Last Agent to Sell the Property

Larry Schmitz

L. D. Schmitz Properties License #00919049 Listed on: 09/28/2020

Last Buyer's Agent

Robert Pfeif

Pfeif Group, Inc. License #01292044

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,415

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 2,250 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • Corner Lot
  • Rectangular Lot
  • Density is up to 1 Unit/Acre
  • On-Hand Building Permits

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Unassigned Parking

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Entry on the 1st floor
  • Turnkey
  • Fire Rated Drywall
  • Copper Roof
  • Steel Beams
  • Seismic Tie Down
  • Copper Plumbing
  • Quake Bracing
  • Stone Veneer
  • Plaster
  • Stucco

Interior Spaces

  • 2,774 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Furnished
  • Dual Staircase
  • Dry Bar
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Casement Windows
  • Living Room
  • Home Office
  • Bonus Room
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Gas Cooktop
  • Range Hood
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers
  • Self-Closing Cabinet Doors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Alarm System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Deck
  • Wood Patio
  • Outdoor Fireplace
  • Fire Pit
  • Outdoor Grill
  • Rain Gutters
  • Wrap Around Porch

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Radiant Heating System
  • 220 Volts
  • Tankless Water Heater
  • Water Softener
  • Sewer Paid
  • Phone Connected
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Legal Lot and Block 1 / 32
  • Tax Tract Number 512
  • Assessor Parcel Number 42334320

Community Details

Overview

  • No Home Owners Association
  • Built by Custom Builders
  • West Newport Beach Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,415

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: Completely Furnished with furnishing's
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Property Condition: Building Permit, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42334320
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2774.00 Square Feet
  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Copper Plumbing Full, Dry Bar, Elevator, Furnished, Granite Counters, Vacuum Central
  • Stories: 3
  • Entry Location: 32nd Street
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Master Bedroom, Outside, Gas, Fire Pit
  • Levels: Multi/Split
  • Price Per Square Foot: 3046.14
  • Room Type: All Bedrooms Up, Bonus Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Office, Walk-In Closet
  • Window Features: Bay Window(s), Casement Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Granite Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Pots & Pan Drawers, Self-Closing Cabinet Doors, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Quake Bracing
  • Exterior Features: Barbecue Private, Rain Gutters, TV Antenna
  • View: Catalina, Coastline, Ocean, Panoramic, Water, White Water
  • Fence: No
  • Builder Name: Custom Builders
  • Patio And Porch Features: Deck, Patio, Patio Open, Stone, Tile, Wood, Wrap Around
  • Pool Private: No
  • Roof: Copper
  • Construction Materials: Drywall Walls, Plaster, Steel, Stone Veneer, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking Features: Direct Garage Access, Asphalt, Garage, Garage Faces Rear, Garage - Two Door, Garage Door Opener, Street, Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Convection Oven, Gas Oven, Gas Cooktop, Range Hood, Refrigerator, Tankless Water Heater, Water Heater, Water Softener
  • Electric: 220 Volts, Electricity - On Property, Standard
  • Heating Type: Central, Heat Pump, Radiant, Fireplace(s)
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Individual Room, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Sidewalks

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Rectangular Lot
  • Lot Size Sq Ft: 2250.00
  • Lot Size Acres: 0.0517
  • Latitude Manual: 33.61418400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2250.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 32
  • Tax Census Tract: 635.00
  • Tax Lot: 1
  • Tax Tract Number: 512

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Feb 8, 2021
Sold by
Sposeto Dominic and Sposeto Stephanie
Bought by
Dgsg Properties Llc
Seller's Agent
Larry Schmitz
L. D. Schmitz Properties
Buyer's Agent
Robert Pfeif
Pfeif Group, Inc.
List Price
$8,450,000
Sold Price
$8,450,000
Current Estimated Value
$7,426,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,023,483
Avg. Annual Appreciation
-2.65%

Purchase Details

Listed on
Sep 28, 2020
Closed on
Dec 7, 2020
Sold by
Rogers Steven J and Rogers Family Trust
Bought by
Sposeto Dominic and Sposeto Stephanie
Seller's Agent
Larry Schmitz
L. D. Schmitz Properties
Buyer's Agent
Robert Pfeif
Pfeif Group, Inc.
List Price
$8,450,000
Sold Price
$8,450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,647,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2013
Sold by
Rogers Steven J
Bought by
Rogers Steven J and Rogers Family Trust

Purchase Details

Closed on
Jul 23, 2012
Sold by
Rogers Steven J
Bought by
Rogers Steven J and The Rogers Family Trust

Purchase Details

Listed on
Mar 2, 2012
Closed on
Mar 23, 2012
Sold by
Michael Larry W and Michael Margaret E
Bought by
Rogers Steven J and The Rogers Family Trust
Seller's Agent
Adriana Farfan
Pacific Sotheby's Int'l Realty
Buyer's Agent
Larry Schmitz
L. D. Schmitz Properties
List Price
$3,150,000
Sold Price
$2,900,000
Premium/Discount to List
-$250,000
-7.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.21%

Purchase Details

Closed on
Mar 26, 2004
Sold by
Michael Larry W and Michael Margaret E
Bought by
Michael Larry W and Michael Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 1993
Sold by
Markese Vincent and Markese Pamela
Bought by
Michael Larry and Michael Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.25%
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
Dgsg Properties Llc -- Accommodation/Courtesy Recordi
Sposeto Dominic $8,450,000 Stewart Title Of Ca Inc
Rogers Steven J -- None Available
Rogers Steven J -- None Available
Rogers Steven J $2,900,000 First American Title Ins Co
Michael Larry W -- North American Title Co
Michael Larry $525,000 World Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sposeto Dominic $4,647,500
Previous Owner Michael Larry W $550,000
Previous Owner Michael Larry $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $8,450,000 0.0% $3,046 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $8,450,000 +191.4% $3,046 / Sq Ft
04/02/2012 04/02/12 Sold $2,900,000 -7.9% $3,356 / Sq Ft
03/02/2012 03/02/12 For Sale $3,150,000 -- $3,646 / 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 $72,415 $6,981,686 $6,047,651 $934,035
2024 $72,415 $6,844,791 $5,929,070 $915,721
2023 $70,727 $6,710,580 $5,812,814 $897,766
2022 $69,564 $6,579,000 $5,698,837 $880,163
2021 $68,227 $6,450,000 $5,587,095 $862,905
2020 $33,015 $3,101,533 $2,277,349 $824,184
2019 $32,328 $3,040,719 $2,232,695 $808,024
2018 $32,033 $2,981,098 $2,188,917 $792,181
2017 $31,542 $2,922,646 $2,145,997 $776,649
2016 $30,005 $2,785,144 $2,103,919 $681,225
2015 $25,124 $2,307,138 $2,072,317 $234,821
2014 $22,302 $2,049,261 $2,031,724 $17,537
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20202446

California Regional Multiple Listing Service (CRMLS)

APN: 423-343-20