NOT LISTED FOR SALE

Estimated Value: $7,218,366 - $8,117,000

4 Beds
4 Baths
3,500 Sq Ft
$2,237/Sq Ft Est. Value

Last Sold November 15, 2013

Last sale price $4,010,000 $1,146 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $45,348/month

140 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Private Pool
  • El Morro Elementary School Rated A+
  • Gated with Attendant
  • Clubhouse

About This Home

As of November 2013

HUGE $300,000+ PRICE REDUCTION!!! MOTIVATED SELLER! Built in 2001, this elegant four bedroom/four bath home is situated on a sunny corner lot and features hand-plastered walls, rustic natural stone, reclaimed hardwood floors, a covered loggia, and multiple cozy fireplaces. Spectacular ocean & sunset views from the spacious master suite complete with private terrace and a large walk-in closet. Junior master with en-suite bath and two additional large bedrooms. Fully equipped gourmet kitchen with antique copper-topped center island opens to an inviting family room. French doors open from downstairs rooms to take full advantage of the indoor/outdoor Southern California lifestyle. Thoughtful floor plan also includes a downstairs office (easily converted to a guest bedroom) plus an upstairs bonus family/media room. This is a wonderful turn-key home that can easily accommodate a large family.

Last Agent to Sell the Property

Dean Ledger

Emerald Bay Real Estate License #01154116 Listed on: 05/16/2013

Last Buyer's Agent

Gordon Henry

Pacific Sotheby's Int'l Realty License #00704984

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 5,404 Sq Ft Lot
  • Corner Lot

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Spanish Tile Roof
  • Clay Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room
  • Ocean Views

Kitchen

  • Double Oven
  • Gas Range
  • Range Hood
  • Warming Drawer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Beach Access
  • Balcony
  • Covered Patio or Porch
  • Fireplace in Patio
  • Outdoor Fireplace

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 73
  • Tax Tract Number 977
  • Assessor Parcel Number 05307119

Community Details

Overview

  • Emerald Bay Association

Recreation

  • Tennis Courts
  • Sport Court
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0

HOA Fees

$650 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Washer/Dryer
  • Property Attached: No
  • Security: Gated Community, Gated with Guard
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05307119
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3500.00
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Family Kitchen
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Outside, Patio
  • Levels: Two
  • Price Per Square Foot: 1145.71
  • Room Type: All Bedrooms Up, Bonus Room, Family Room, Living Room
  • Spa Features: Association

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Ocean
  • Patio And Porch Features: Covered, Stone
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator, Warming Drawer
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Upper Level, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pool, Spa/Hot Tub, Sport Court, Tennis Court(s)
  • Association Fee: 650.00
  • Association Fee Frequency: Monthly
  • Association Name: Emerald Bay
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5404.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5404.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Lot: 73
  • Tax Tract Number: 977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2013
Closed on
Oct 7, 2013
Sold by
Twomey Kevin M and Twomey Dannehl M
Bought by
Salisbury Douglas L and Dls Living Trust
Seller's Agent
Dean Ledger
Emerald Bay Real Estate
Buyer's Agent
Gordon Henry
Pacific Sotheby's Int'l Realty
List Price
$4,599,000
Sold Price
$4,010,000
Premium/Discount to List
-$589,000
-12.81%
Current Estimated Value
$7,830,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,820,092
Avg. Annual Appreciation
5.64%
Original Mortgage
$1,100,000
Outstanding Balance
$797,468
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$7,032,624

Purchase Details

Listed on
Sep 27, 2012
Closed on
Nov 3, 2012
Sold by
Arnold Melissa Wade
Bought by
Twomey Kevin M and Twomey Dannehl M
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Dean Ledger
Emerald Bay Real Estate
List Price
$4,150,000
Sold Price
$3,800,000
Premium/Discount to List
-$350,000
-8.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
Mar 9, 2010
Sold by
Arnold Melissa
Bought by
Arnold Melissa Wade

Purchase Details

Closed on
Dec 12, 2007
Sold by
Arnold David G and Arnold Melissa
Bought by
Arnold Melissa

Purchase Details

Closed on
Aug 23, 2002
Sold by
Arnold David G
Bought by
Arnold David G and Arnold Melissa

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
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2002
Sold by
Arnold Melissa
Bought by
Arnold David G

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
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 1999
Sold by
Shaffer Garrigan Kate
Bought by
Uno Casa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
6.87%
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
Salisbury Douglas L $4,010,000 Orange Coast Title Company O
Twomey Kevin M -- Stewart Title Irvine
Arnold Melissa Wade -- Lawyers Title Company
Arnold Melissa -- None Available
Arnold David G -- Orange Coast Title
Arnold David G -- Orange Coast Title
Uno Casa Llc $800,000 Chicago Title Co
Arnold David G $897,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salisbury Douglas L $1,100,000
Previous Owner Arnold David G $1,500,000
Previous Owner Arnold David G $548,000
Previous Owner Uno Casa Llc $450,000
Closed Arnold Melissa Wade $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2013 11/15/13 Sold $4,010,000 -4.3% $1,146 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
09/03/2013 09/03/13 Price Changed $4,188,000 -6.9% $1,197 / Sq Ft
07/15/2013 07/15/13 Price Changed $4,499,000 -2.2% $1,285 / Sq Ft
05/16/2013 05/16/13 For Sale $4,599,000 +21.0% $1,314 / Sq Ft
11/20/2012 11/20/12 Sold $3,800,000 -8.4% $950 / Sq Ft View Prior Sale
09/27/2012 09/27/12 For Sale $4,150,000 -- $1,038 / 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 $49,912 $5,016,893 $3,229,076 $1,787,817
2024 $49,912 $4,918,523 $3,165,761 $1,752,762
2023 $48,767 $4,822,082 $3,103,687 $1,718,395
2022 $47,851 $4,727,532 $3,042,831 $1,684,701
2021 $46,933 $4,634,836 $2,983,168 $1,651,668
2020 $46,448 $4,587,312 $2,952,579 $1,634,733
2019 $45,651 $4,497,365 $2,894,685 $1,602,680
2018 $44,763 $4,409,182 $2,837,927 $1,571,255
2017 $43,884 $4,322,728 $2,782,281 $1,540,447
2016 $43,058 $4,237,969 $2,727,726 $1,510,243
2015 $42,016 $4,134,565 $2,686,753 $1,447,812
2014 $40,845 $4,010,000 $2,634,124 $1,375,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13091652

California Regional Multiple Listing Service (CRMLS)

APN: 053-071-19