NOT LISTED FOR SALE

Estimated Value: $7,515,000 - $32,591,092

6 Beds
11 Baths
13,040 Sq Ft
$1,538/Sq Ft Est. Value

Last Sold August 26, 2015

Last sale price $17,370,000 $1,332 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $125,165/month

449 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • In Ground Spa
  • El Morro Elementary School Rated A+
  • Home Theater
  • Maid or Guest Quarters

About This Home

As of August 2015

Through the courtyard gates a whole world of views and amenities awaits. The oval entry coliseum perfectly frames the Pacific Ocean and Catalina Island, with a crystal clear pool featuring water to water infinity edge. The innovative and extremely open floor plan is a thing of beauty with water views from living room, dining room, office, family room, kitchen and breakfast area all on the main level! Five sets of disappearing pocket doors allow a true indoor/outdoor experience. The master suite, with tremendous views from Newport Harbor to Abalone Point, features dual closets and baths finished in perfect onyx. Virtually all aspects of this home are controlled through the Savant System and may be operated remotely as well. The “walk out” subterranean level is a true master piece encompassing a professional bar area with 3 televisions and game area, and an extremely spacious gym/spa with sauna and steam shower. A gorgeous theater also puts the exclamation point on the entertainment level. The “walk-out” area also provides the owner with private spa with rain shower and a private fireplace. Garaging for over 6 vehicles and elevator service to all three levels rounds out this spectacular estate.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 04/08/2014

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Lili Peters

Compass License #01453277

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $214,079

Year Built

  • Built in 2014

Lot Details

  • 0.49

HOA Fees

  • $903 Monthly HOA Fees

Parking

  • 6 Car Garage

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Catalina

Interior Spaces

  • 13,040 Sq Ft Home
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Home Theater
  • Library
  • Home Gym

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Maid or Guest Quarters

Pool

  • In Ground Spa
  • Private Pool

Additional Features

  • Outdoor Fireplace
  • 0.49 Acre Lot
  • Suburban Location
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 16455
  • Assessor Parcel Number 47710219

Home Details

Home Type

Single Family

Est. Annual Taxes

$214,079

Year Built

Built in 2014

Lot Details

0

HOA Fees

$903 per month

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Crystal Cove Estate Collection (CCEC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47710219
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 13040.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 8
  • Full And Three Quarter Bathrooms: 8
  • Half Bathrooms: 2
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Master Bedroom, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 1332.06
  • Room Type: Guest/Maid's Quarters, Great Room, Exercise Room, Library, Walk-In Closet, Home Theatre, Wine Cellar
  • Spa Features: In Ground

Exterior Features

  • View: Catalina, Coastline, Harbor, Ocean
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central, Zoned
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 903.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21273.00
  • Price Per Lot Square Foot: 816.53
  • Lot Size Acres: 0.4880

Multi Family

  • Lease Considered: No
  • Lot Size Area: 21273.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 16455

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2014
Closed on
Aug 21, 2015
Sold by
Chen Jian
Bought by
Liu Celine
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Lili Peters
Compass
List Price
$22,500,000
Sold Price
$17,370,000
Premium/Discount to List
-$5,130,000
-22.8%
Total Days on Market
449
Current Estimated Value
$20,053,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,683,046
Avg. Annual Appreciation
1.00%
Original Mortgage
$7,000,000
Interest Rate
4.05%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Apr 8, 2014
Closed on
Jul 8, 2015
Sold by
Mcginnis Derral J and Mcginnis Lisa L
Bought by
Liu Celine
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Lili Peters
Compass
List Price
$22,500,000
Sold Price
$17,370,000
Premium/Discount to List
-$5,130,000
-22.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Interest Rate
4.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 2009
Sold by
Moshayedi Masoud and Ghadimi Parto
Bought by
Mcginnis Derral J and Mcginnis Lisa L
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 Buyer Sale Price Title Company
Liu Celine -- Ticor Title Company Of Ca
Liu Celine $17,370,000 Ticor Title Company Of Ca
Mcginnis Derral J -- First American Title Nhs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liu Celine $7,000,000
Previous Owner Mcginnis Derral J $10,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2015 08/26/15 Sold $17,370,000 -22.8% $1,332 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
04/08/2014 04/08/14 For Sale $22,500,000 -- $1,725 / 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 $214,079 $20,159,376 $13,189,705 $6,969,671
2023 $209,345 $19,764,095 $12,931,084 $6,833,011
2022 $205,110 $19,376,564 $12,677,533 $6,699,031
2021 $201,312 $18,996,632 $12,428,954 $6,567,678
2020 $199,360 $18,801,845 $12,301,510 $6,500,335
2019 $196,381 $18,433,182 $12,060,304 $6,372,878
2018 $192,670 $18,071,748 $11,823,828 $6,247,920
2017 $189,736 $17,717,400 $11,591,988 $6,125,412
2016 $185,562 $17,370,000 $11,364,694 $6,005,306
2015 $90,549 $8,287,486 $4,197,378 $4,090,108
2014 $88,879 $8,053,248 $4,115,158 $3,938,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14071603

California Regional Multiple Listing Service (CRMLS)

APN: 477-102-19