$1,820,000
SOLD DEC 21, 2020
4 Beds
4 Baths
2,683 Sq Ft
7,416 Sq Ft Lot

Recently Sold

$678 Per Sq Ft

4% Below List Price

16 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Open Floorplan
  • Heinz Kaiser Elementary School Rated A
  • All Bedrooms Downstairs
  • Wood Flooring

About This Home

As of December 2020

Ideally positioned on a quaint cul-de-sac in Newport’s Cherry Lake District, 342 Peach Tree Lane boasts a rarely offered versatile single level living experience. This mid-century modern bungalow inspired home includes 2,683 square feet of relaxing living space, four bedrooms, four bathrooms, and a flex room off the entry suitable for a home office, teen room, or a fifth bedroom suite. The floor plan effortlessly flows from the gracious formal dining area into the entertainer’s kitchen opening to the living room. Retreat to the secluded master suite features vaulted ceilings, his & hers wardrobe closets, a dual vanity, walk-in shower, and direct access to the backyard. Enjoy year round outdoor living in both the fenced in front yard and private rear exterior living space with pool, spa, and wrap around deck. Whole house recent upgrades include hardwood flooring, bathrooms, windows & shades, furnace & condenser, electrical panel, kitchen cabinet refinishing, and roof. Located within walking distance to the Back Bay trails, Irvine Ranch Market, Newport Beach Golf Club and a short drive to major freeways, John Wayne Airport, and Orange County’s best beaches, shopping, and restaurants. Don’t miss your opportunity to secure this truly one-of-kind property.

Last Agent to Sell the Property

Mark Taylor

Compass License #01877391 Listed on: 11/04/2020

Compass

Co-Listed By

Dylan Mason

Compass License #01709074

Last Buyer's Agent

Agnes De Torres

Ferragamo Real Estate License #01395045

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,162

Year Built

  • Built in 1961

Lot Details

  • 7,416 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,683 Sq Ft Home
  • Open Floorplan
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 5 Main Level Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Upgraded Bathroom
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Walk-in Shower

Pool

  • In Ground Pool
  • In Ground Spa

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Cherry Lake Area Subdivision

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 300

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,162

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Cherry Lake Area (UBCL)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2683.00 Square Feet
  • Interior Amenities: Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Area, Dining Room, In Kitchen, In Living Room, Separated
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 5
  • Price Per Square Foot: 678.35
  • Room Type: All Bedrooms Down, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Separate Family Room
  • Spa Features: Private, In Ground
  • Bathroom Features: Shower, Double Sinks In Master Bath, Upgraded
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • View: Neighborhood
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Double Oven, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Cul-De-Sac
  • Lot Size Sq Ft: 7416.00
  • Lot Size Acres: 0.1702

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7416.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 32
  • Tax Tract Number: 300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2023
Sold by
Gray Tomer Gloria
Bought by
Gloria Gray Tomer Revocable Trust and Tomer
Current Estimated Value
$2,955,446

Purchase Details

Listed on
Nov 4, 2020
Closed on
Nov 30, 2020
Sold by
Ssj Capital Llc
Bought by
Tomer Gloria Gray
Seller's Agent
Mark Taylor
Compass
Buyer's Agent
Agnes De Torres
Ferragamo Real Estate
List Price
$1,895,000
Sold Price
$1,820,000
Premium/Discount to List
-$75,000
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.09%

Purchase Details

Listed on
Jan 24, 2018
Closed on
Apr 24, 2018
Sold by
Eason David Charles and Eason Sandra Lynn
Bought by
Ssj Capital Llc
Seller's Agent
Mike Kennedy
Pacific Sotheby's Int'l Realty
Buyer's Agent
Peggy McCullough
First Team Real Estate
List Price
$1,679,000
Sold Price
$1,500,000
Premium/Discount to List
-$179,000
-10.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Oct 9, 2006
Sold by
Eason David C and Eason Sandra L
Bought by
Eason David Charles and Eason Sandra Lynn
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Grant Deed $1,820,000 Chicago Title
Grant Deed $1,500,000 Equity Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $937,500 New Conventional
Previous Owner $212,000 Credit Line Revolving
Previous Owner $808,000 Unknown
Previous Owner $175,000 Credit Line Revolving
Previous Owner $605,000 Unknown
Previous Owner $450,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $1,820,000 -4.0% $678 / Sq Ft
11/04/2020 11/04/20 For Sale $1,895,000 +26.3% $706 / Sq Ft
05/04/2018 05/04/18 Sold $1,500,000 -6.2% $559 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
03/21/2018 03/21/18 Price Changed $1,599,000 -4.8% $596 / Sq Ft
01/24/2018 01/24/18 For Sale $1,679,000 -- $626 / 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
2024 $21,162 $1,931,398 $1,705,413 $225,985
2023 $20,636 $1,893,528 $1,671,974 $221,554
2022 $20,266 $1,856,400 $1,639,190 $217,210
2021 $19,861 $1,820,000 $1,607,049 $212,951
2020 $17,122 $1,560,600 $1,358,733 $201,867
2019 $16,761 $1,530,000 $1,332,091 $197,909
2018 $4,660 $387,351 $164,520 $222,831
2017 $4,583 $379,756 $161,294 $218,462
2016 $4,486 $372,310 $158,131 $214,179
2015 $4,442 $366,718 $155,756 $210,962
2014 $4,342 $359,535 $152,705 $206,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20201662

California Regional Multiple Listing Service (CRMLS)

APN: 439-231-20