NOT LISTED FOR SALE

Estimated Value: $6,085,000 - $9,029,000

4 Beds
4.5 Baths
3,750 Sq Ft
$2,141/Sq Ft Est. Value

Last Sold August 09, 2013

Last sale price $4,060,000 $1,083 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $48,367/month

26 Days on Market

Highlights

  • Ocean View
  • Guest House
  • 24-Hour Security
  • El Morro Elementary School Rated A+
  • Fitness Center
  • In Ground Spa

About This Home

As of August 2013

Remarkable properties abound on the OC coastline, but rarely does one combine the sophistication of a Malibu seaside estate with the views of this spectacular Crystal Cove hideaway. With panoramas stretching from crashing whitewater on the coast to Dana Point, Newport Beach, Catalina and San Clemente Island, this residence provides the ultimate, luxe-casual setting. Nestled at the end of a quiet cul-de-sac, the 4 bedroom, 4.5 bath home is designed to maximize its postcard-perfect views and seems to float above the water, with light, airy rooms and a fashionable, neutral palette. Nearly every room enjoys a beautiful vista, and many open to alfresco spaces – courtyards, a heated outdoor living room, and a lovely rear yard with spa, fireplace, and built-in BBQ. In addition to a spacious guest casita, the main level of this remarkable residence also encompasses an elegant formal dining room, formal living room with fireplace, a family room with fireplace, and an expansive chef's kitchen. Upstairs, two hotel-inspired guest suites enjoy access to a bonus room with media and a sunny view terrace. Enjoying some of the most breathtaking views on the coast, the master suite includes a large bedroom w/ sitting area, ocean view terrace, & an indulgent bathing suite.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 07/03/2013

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

James Park

Park Realty Group, Inc. License #01102173

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52,101

Year Built

  • Built in 2005

Lot Details

  • 7,179 Sq Ft Lot
  • Cul-De-Sac
  • Fenced
  • Stucco Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $615 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available

Property Views

  • Ocean
  • Catalina
  • City Lights

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Clay Roof
  • Stucco

Interior Spaces

  • 3,750 Sq Ft Home
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Bonus Room with Fireplace
  • Home Security System

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Six Burner Stove
  • Gas Cooktop
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down

Laundry

  • Laundry Room
  • Laundry on upper level

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Brick Porch or Patio
  • Outdoor Fireplace

Additional Homes

  • Guest House

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 16425
  • Assessor Parcel Number 48909118

Community Details

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,101

Year Built

Built in 2005

Lot Details

0

HOA Fees

$615 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Gated Community, Gated with Guard, Security System
  • Subdivision Name Other: Nautilus (CCNA)
  • View: Yes
  • Zoning: R-1
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 48909118
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3750.00
  • Interior Amenities: Beamed Ceilings, Granite Counters, High Ceilings, Pantry, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Bonus Room, Family Room, Living Room, Outside
  • Levels: Two
  • Price Per Square Foot: 1082.67
  • Room Type: All Bedrooms Down
  • Spa Features: In Ground
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Guest House
  • View: Catalina, City Lights, Ocean
  • Fence: Yes
  • Fencing: Stucco Wall
  • Patio And Porch Features: Brick
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Free-Standing Range, Freezer, Gas Cooktop, Range Hood, Ice Maker, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Gym/Ex Room, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 615.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Cul-De-Sac, Sprinklers In Front, Sprinklers In Rear, Sprinkler System
  • Lot Size Sq Ft: 7179.00
  • Lot Size Acres: 0.1650

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7179.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 16425

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2013
Closed on
Aug 5, 2013
Sold by
Magee Eric J and Magee Mary Ann
Bought by
Lai San Cheng and Lai Mei Hon
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
James Park
Park Realty Group, Inc.
List Price
$4,195,000
Sold Price
$4,060,000
Premium/Discount to List
-$135,000
-3.22%
Current Estimated Value
$8,029,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,969,157
Avg. Annual Appreciation
6.70%

Purchase Details

Closed on
Jul 13, 2005
Sold by
Wl Homes Llc
Bought by
Magee Eric J and Magee Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac
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
Lai San Cheng $4,060,000 Lawyers Title Company
Magee Eric J $3,308,500 Fidelity National Title Buil
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magee Eric J $2,690,000
Previous Owner Magee Eric J $645,000
Previous Owner Magee Eric J $500,000
Previous Owner Magee Eric J $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2013 08/09/13 Sold $4,060,000 -3.2% $1,083 / Sq Ft
07/29/2013 07/29/13 Pending -- -- --
07/03/2013 07/03/13 For Sale $4,195,000 -- $1,119 / 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 $52,101 $4,977,001 $3,980,614 $996,387
2024 $52,101 $4,879,413 $3,902,563 $976,850
2023 $50,987 $4,783,739 $3,826,042 $957,697
2022 $50,033 $4,689,941 $3,751,022 $938,919
2021 $48,953 $4,597,982 $3,677,473 $920,509
2020 $48,493 $4,550,836 $3,639,765 $911,071
2019 $47,655 $4,461,604 $3,568,397 $893,207
2018 $46,743 $4,374,122 $3,498,428 $875,694
2017 $45,974 $4,288,355 $3,429,831 $858,524
2016 $45,420 $4,204,270 $3,362,579 $841,691
2015 $44,775 $4,141,118 $3,312,069 $829,049
2014 $43,935 $4,060,000 $3,247,190 $812,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13129428

California Regional Multiple Listing Service (CRMLS)

APN: 489-091-18