NOT LISTED FOR SALE

Estimated Value: $3,153,000 - $3,752,000

7 Beds
4.5 Baths
4,250 Sq Ft
$817/Sq Ft Est. Value

Last Sold May 05, 2015

Last sale price $4,725,000 $1,112 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $21,393/month

59 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Boat Slip
  • 1-minute walk to Lido Park

About This Home

As of May 2015

*** BANKRUPTCY COURT SALE - EQUITY SALE (NOT REO, BANK OWNED OR SHORT SALE) *** STUNNING TWO STORY BAYFRONT HOME OR 2 LEGAL CONDOS. PROPOSED DOCK PLAN (CURRENTLY IN PERMIT APPROVAL PROCESS) WILL ACCOMMODATE A 100' VESSEL & ADDITIONAL YACHTS/TOYS. (APPROXIMATE DIMENSIONS OF EXISTING DOCKSPACE: SLIP (L) 74', (W) 15', (HW) 8' / ADDITIONAL SIDE TIE 82'). CUSTOM AND WELL APPOINTED THROUGHOUT WITH IMPORTED STONE. CUSTOM ENERGY EFFICIENT LIGHTING AND ELECTRONICS THROUGHOUT. GOURMET KITCHEN ON FIRST FLOOR HAS TOP OF THE LINE APPLIANCES INCLUDING MIELE DISHWASHER, KITCHEN AIDE TRASH COMPACTOR, VIKING 6 BURNER STOVE AND DUAL OVEN, SUB-ZERO STAINLESS STEEL SIDE BY SIDE REFRIGERATOR, SUB-ZERO WINE REFRIGERATOR, AND TWO GE AVANTIUM CONVECTION OVENS. (2) MASTER BEDROOM SUITES ON FIRST AND SECOND LEVELS, IN-LAW'S SUITE ON FIRST FLOOR. PANORAMIC VIEWS OF NEWPORT BAY MAIN CHANNEL & TURNING BASIN FROM THE KITCHEN, FORMAL DINING AREA, LVING ROOM, UPPER MASTER SUITE AND OFFICE. CLOSE PROXIMITY TO LIDO VILLAGE AND RESTAURANTS. (NOTE: ORIGINALLY TWO LEGAL CONDOS - CURRENTLY IN THE PROCESS OF BEING CONVERTED INTO ONE SINGLE FAMILY RESIDENCE - CAN BE CONVERTED BACK TO TWO CONDOS OR COMPLETE CONVERSION TO ONE SINGLE FAMILY RESIDENCE).

Last Agent to Sell the Property

Jennifer Toyama

Berkshire Hathaway HomeService License #01927057 Listed on: 02/03/2015

Berkshire Hathaway HomeService

Co-Listed By

Clarence Yoshikane

Berkshire Hathaway HomeService License #00801398

Berkshire Hathaway HomeService

Last Buyer's Agent

Clarence Yoshikane

Berkshire Hathaway HomeService License #00801398

Berkshire Hathaway HomeService

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,679

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 3,735 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Block Wall Fence

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Contemporary Architecture
  • Interior Block Wall

Interior Spaces

  • 4,250 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Custom Window Coverings
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Storage
  • Home Gym
  • Stone Flooring
  • Bay Views
  • Smart Home

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Retreat
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Converted Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Balcony
  • Deck
  • Stone Porch or Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • High Efficiency Air Conditioning
  • Zoned Heating and Cooling
  • Sewer Paid

Community Details

  • Property has a Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 1
  • Assessor Parcel Number 93394123

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,679

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: JENNIFER TOYAMA
  • Other Phone Number: 7145017132
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 93394123
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4250.00
  • Interior Amenities: Balcony, Block Walls, Granite Counters, Home Automation System, Open Floorplan, Recessed Lighting, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 4
  • Total Bedrooms: 7
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1111.76
  • Room Type: Converted Bedroom, Family Room, Exercise Room, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Walk-In Closet, Retreat, Office, Two Masters
  • Window Features: Custom Covering
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Boat Slip, Dock Private, Lighting
  • View: Bay
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Deck, Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Double Oven, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Refrigerator, Trash Compactor
  • Heating Type: Central
  • Laundry Features: Common Area, Inside, Individual Room, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual, High Efficiency, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 1.00
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 3735.00
  • Lot Size Acres: 0.0860

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3735.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2015
Closed on
May 5, 2015
Sold by
Palos Verdes Investments Inc
Bought by
Palos V Investments Llc
Seller's Agent
Jennifer Toyama
Berkshire Hathaway HomeService
Buyer's Agent
Clarence Yoshikane
Berkshire Hathaway HomeService
List Price
$4,499,900
Sold Price
$4,725,000
Premium/Discount to List
$225,100
5%
Current Estimated Value
$3,472,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,252,631
Avg. Annual Appreciation
-2.94%
Original Mortgage
$3,787,500
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 3, 2015
Closed on
May 1, 2015
Sold by
Naylor Karen Sue
Bought by
Palos Verdes Investments Inc
Seller's Agent
Jennifer Toyama
Berkshire Hathaway HomeService
Buyer's Agent
Clarence Yoshikane
Berkshire Hathaway HomeService
List Price
$4,499,900
Sold Price
$4,725,000
Premium/Discount to List
$225,100
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,787,500
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2012
Sold by
Farrell Richard C
Bought by
Farrell Richard C and The Richard C Farrell Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2003
Sold by
Farrell Richard Clark
Bought by
Farrell Richard C and The Richard C Farrell Trust

Purchase Details

Closed on
Oct 23, 2001
Sold by
Powers Pamela
Bought by
Powers Scott

Purchase Details

Closed on
Oct 9, 2001
Sold by
Thomas Tracy R
Bought by
Powers Scott

Purchase Details

Closed on
Dec 7, 1998
Sold by
Thomas Tracy R
Bought by
Thomas Tracy R and The Thomas Family Trust
Source: Public Records

Range of Values:

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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
Palos V Investments Llc -- First American Title Company
Palos Verdes Investments Inc $4,750,000 First American Title Corp
Farrell Richard C -- First American Title Nhs
Farrell Richard C -- First American Title
Powers Scott -- Orange Coast Title
Powers Scott $1,011,000 Orange Coast Title
Thomas Tracy R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stupin Family Trust $5,400,000
Closed Stupin Family Trust $5,000,000
Closed Palos V Investments Llc $3,787,500
Previous Owner Farrell Richard C $1,500,000
Previous Owner Farrell Richard C $1,400,000
Previous Owner Farrell Richard C $371,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2015 05/05/15 Sold $4,725,000 +4.8% $1,112 / Sq Ft
04/03/2015 04/03/15 Pending -- -- --
04/03/2015 04/03/15 Price Changed $4,510,000 +0.2% $1,061 / Sq Ft
02/03/2015 02/03/15 For Sale $4,499,900 -- $1,059 / 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 $29,679 $2,839,367 $2,677,032 $162,335
2024 $29,679 $2,783,694 $2,624,542 $159,152
2023 $28,985 $2,729,112 $2,573,080 $156,032
2022 $28,505 $2,675,600 $2,522,627 $152,973
2021 $27,959 $2,623,138 $2,473,164 $149,974
2020 $27,690 $2,596,241 $2,447,804 $148,437
2019 $27,116 $2,545,335 $2,399,808 $145,527
2018 $26,575 $2,495,427 $2,352,753 $142,674
2017 $26,105 $2,446,498 $2,306,621 $139,877
2016 $25,517 $2,398,528 $2,261,393 $137,135
2015 $15,663 $1,451,676 $1,315,007 $136,669
2014 $15,294 $1,423,240 $1,289,248 $133,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15023856

California Regional Multiple Listing Service (CRMLS)

APN: 933-941-22