NOT LISTED FOR SALE

389 Luzon Ave Del Mar, CA 92014

Estimated Value: $5,792,856 - $7,207,000

4 Beds
3.5 Baths
2,841 Sq Ft
$2,224/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $4,420,000 $1,556 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $37,404/month

35 Days on Market

Highlights

  • Spa
  • Fireplace
  • Views
  • Del Mar Heights School Rated A+
  • 2 Car Attached Garage
  • Patio

About This Home

As of August 2020

Summer Awaits you in this Sanctuary with protected & panoramic OCEAN VIEWS! This stunning Organic/Modern designed home lives mostly on One-Level & enjoys an Open Floor-Plan that takes advantage of the Sweeping Coastal Views from every vantage point. The use of indoor/outdoor living space is extraordinary with VIBRANT sit down SUNSETS, numerous "Zen" spaces on the 11,000 SQFT all-usable PRIVATE coastal lot, which is cocooned by award winning & low maintenance landscape [Supplement]: The main level offers an oversized great room, which is seamless with the large and private terrace featuring an outdoor dining area with fireplace, BBQ, and fire pit surrounded by built-in seating, plus generous master suite with sweeping ocean views from your bed, spa bath and private morning balcony. The large gourmet kitchen is the heart of the home and offers every amenity for the chef in the family. Two additional bedroom suites are on a separate level and have a second great room in-between with access to the gardens and views. The location offers an easy stroll to the village of Old Del Mar, beaches, and numerous cafes & restaurants and includes both garage and driveway parking.

Last Agent to Sell the Property

Laura Barry

Barry Estates License #01154111 Listed on: 05/26/2020

Last Buyer's Agent

Robert Benjamin

Century 21 Real Estate Alliance Inc License #01311609

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Property is zoned R-1:SINGLE

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Attached Carport
  • Parking Available
  • Driveway

Home Design

  • Composition Roof
  • Stone Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 2,841 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Family Room
  • Living Room
  • Property Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Patio

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2991740100

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: DEL MAR
  • View: Yes
  • Zoning: R-1:SINGLE
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2991740100
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2841.00 Square Feet
  • Stories: 2
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Levels: Two
  • Price Per Square Foot: 1751.14
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Patio: Yes
  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Stone, Composition
  • Spa: Yes
  • Construction Materials: Stone, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Heating Type: Zoned, Natural Gas, Fireplace(s)
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Gentle Sloping, Level
  • Lot Size Sq Ft: 11300.00
  • Lot Size Acres: 0.2594

Multi Family

  • Lot Size Area: 11300.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Jun 30, 2020
Sold by
Welch Victoria L and Victoria L Welch Trust
Bought by
Patapoutian Ardem Sarkis and Hong Nancy Ai
Seller's Agent
Laura Barry
Barry Estates
Buyer's Agent
Robert Benjamin
Century 21 Real Estate Alliance Inc
List Price
$4,975,000
Sold Price
$4,420,000
Premium/Discount to List
-$555,000
-11.16%
Current Estimated Value
$6,318,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,898,952
Avg. Annual Appreciation
6.64%
Original Mortgage
$3,000,000
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2009
Sold by
Berk Terry A H
Bought by
Welch Victoria L and Victoria L Welch Trust

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
5.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2008
Sold by
Berk Michael
Bought by
Berk Terry A H

Purchase Details

Closed on
Apr 5, 2006
Sold by
Berk Michael
Bought by
Berk Michael R

Purchase Details

Closed on
Oct 11, 2005
Sold by
389 Luzon Avenue Llc
Bought by
Berk Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
5.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 10, 2003
Sold by
Vint Christina
Bought by
389 Luzon Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 19, 2003
Sold by
Vint Kevin
Bought by
Vint Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 23, 2003
Sold by
Durham Pat
Bought by
Vint Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 28, 2001
Sold by
Chicago Trust Company Of California
Bought by
Durham Pat
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Patapoutian Ardem Sarkis $4,420,000 Corinthian Title Company
Welch Victoria L $3,700,000 California Title Company
Berk Terry A H -- None Available
Berk Michael R -- None Available
Berk Michael R $3,780,000 Fidelity National Title Co
389 Luzon Avenue Llc -- --
Vint Christina -- Commonwealth Land Title Co
Vint Christina -- Commonwealth Land Title Co
Durham Pat -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patapoutian Ardem Sarkis $3,000,000
Previous Owner Welch Victoria L $2,000,000
Previous Owner Berk Michael R $378,000
Previous Owner Berk Michael R $2,457,000
Previous Owner Vint Christina $250,000
Previous Owner Vint Christina $1,000,000
Previous Owner Vint Christina $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $4,420,000 -11.2% $1,556 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $4,975,000 -- $1,751 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $49,983 $4,784,348 $3,301,417 $1,482,931
2024 $49,983 $4,690,538 $3,236,684 $1,453,854
2023 $48,884 $4,598,568 $3,173,220 $1,425,348
2022 $48,103 $4,508,400 $3,111,000 $1,397,400
2021 $46,324 $4,420,000 $3,050,000 $1,370,000
2020 $46,582 $4,367,085 $2,950,735 $1,416,350
2019 $45,663 $4,281,457 $2,892,878 $1,388,579
2018 $43,636 $4,197,507 $2,836,155 $1,361,352
2017 $110 $4,115,204 $2,780,545 $1,334,659
2016 $41,407 $4,034,515 $2,726,025 $1,308,490
2015 $40,783 $3,973,914 $2,685,078 $1,288,836
2014 $39,936 $3,896,072 $2,632,482 $1,263,590
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200023966

California Regional Multiple Listing Service (CRMLS)

APN: 299-174-01

Your Personal Tour Guide

Ask me questions while you tour the home.