NOT LISTED FOR SALE

Estimated Value: $8,126,000 - $9,056,000

5 Beds
6.5 Baths
4,929 Sq Ft
$1,752/Sq Ft Est. Value

Last Sold March 16, 2016

Last sale price $4,700,000 $954 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $51,170/month

97 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • 24-Hour Security
  • El Morro Elementary School Rated A+
  • Wine Cellar
  • Heated Spa

About This Home

As of March 2016

Poised within south Emerald Bay's exclusive gates, this charming home evokes a sense of gratitude for the sea. Sensory overload is engrained by the sights and sounds of waves softly crashing just a stone's throw from this private abode. Proudly offering over 4,900 square feet of living space, this sun-filled home showcases five spacious bedrooms, seven baths and a study with patio access. Sweeping staircases and multiple fireplaces provide an enchanting backdrop for entertaining. Rich wood flooring, abundant windows and heightened ceilings complete an airy ambiance that one must be present to truly experience. An unforgettable first impression begins upstairs with immediate white water views upon entering, which leads to a spacious family room and kitchen clad with soothing granite countertops and immaculate built-ins. An oversized master suite and two additional bedrooms are enjoyed from the mid-level. The home's bottom floor offers a junior-master retreat, spacious guest bedroom, a wine cellar and casual study.
39 Emerald Bay presents a rare opportunity to spend each day amongst the utmost of coastal splendor.

Last Agent to Sell the Property

Katrina Smith

Pinpoint Properties License #01740623 Listed on: 10/26/2015

Last Buyer's Agent

Katrina Smith

Pinpoint Properties License #01740623 Listed on: 10/26/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,429

Year Built

  • Built in 1990

Lot Details

  • 4,725 Sq Ft Lot
  • Paved or Partially Paved Lot

HOA Fees

  • $590 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Bluff

Home Design

  • Traditional Architecture
  • Planned Development
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,929 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Library
  • Storage
  • Laundry Room
  • Alarm System

Kitchen

  • Dumbwaiter
  • Breakfast Area or Nook
  • Walk-In Pantry
  • Built-In Range
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Pool

  • Heated Spa
  • Heated Pool

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Living Room Balcony
  • Patio

Additional Features

  • Property is near a park
  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 940
  • Assessor Parcel Number 05306025

Community Details

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Additional Features

  • Picnic Area
  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,429

Year Built

Built in 1990

Lot Details

0

HOA Fees

$590 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: 24 Hour Security, Gated Community, Gated with Guard, Guarded, Wired for Alarm System
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05306025
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4929.00
  • Interior Amenities: Bar, Built-in Features, Balcony, Cathedral Ceiling(s), Corian Counters, Dumbwaiter, Living Room Balcony, Living Room Deck Attached, Pantry, Recessed Lighting, Storage, Stone Counters, Wet Bar
  • Stories: 3
  • Entry Location: Mid Level,Top Level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Breakfast Nook
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Master Retreat
  • Levels: Three Or More
  • Price Per Square Foot: 953.54
  • Room Type: All Bedrooms Down, Den, Formal Entry, Foyer, Great Room, Library, Living Room, Master Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Retreat, Separate Family Room, Office, Two Masters, Wine Cellar
  • Spa Features: Association, Heated
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bluff, Ocean, Water, White Water
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community, Heated
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Zoned
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area, Playground, Pool, Spa/Hot Tub
  • Association Fee: 7078.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Paved, Park Nearby, Planned Unit Development
  • Lot Size Sq Ft: 4725.00
  • Price Per Lot Square Foot: 994.71
  • Lot Size Acres: 0.1080

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4725.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Lot: 31
  • Tax Tract Number: 940

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2015
Closed on
Feb 4, 2016
Sold by
Mckay Elaine and Mckay John
Bought by
Duran Joseph John and Duran Jennifer K
Seller's Agent
Katrina Smith
Pinpoint Properties
Buyer's Agent
Katrina Smith
Pinpoint Properties
List Price
$5,495,000
Sold Price
$4,700,000
Premium/Discount to List
-$795,000
-14.47%
Current Estimated Value
$8,634,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,934,946
Avg. Annual Appreciation
6.58%
Original Mortgage
$3,760,000
Outstanding Balance
$1,604,175
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$7,030,771

Purchase Details

Closed on
Aug 26, 2005
Sold by
Mckay Elaine
Bought by
Mckay Elaine and Elaine Mckay Revocable Trust

Purchase Details

Closed on
May 13, 2005
Sold by
Mckay Elaine
Bought by
Mckay Elaine and Elaine Mckay Revocable Trust

Purchase Details

Closed on
May 6, 2004
Sold by
Curnutt Richard A
Bought by
Mckay Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,300,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1996
Sold by
Curnutt Richard A
Bought by
Curnutt Richard A and Richard A Curnutt Revocable Trust

Purchase Details

Closed on
May 31, 1995
Sold by
Curnutt Richard A
Bought by
Carnutt Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
8.32%

Purchase Details

Closed on
May 23, 1994
Sold by
Curnutt Jo Ann
Bought by
Curnutt Richard A
Source: Public Records

Range of Values:

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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
Duran Joseph John $4,700,000 Chicago Title Company
Mckay Elaine -- Financial Title Company
Mckay Elaine -- Financial Title Company
Mckay Elaine -- --
Mckay Elaine $5,300,000 First American Title Company
Curnutt Richard A -- --
Carnutt Richard A -- Southland Title Corporation
Curnutt Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duran Joseph John $3,760,000
Previous Owner Mckay Elaine $5,300,000
Previous Owner Carnutt Richard A $1,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2016 03/16/16 Sold $4,700,000 -4.1% $954 / Sq Ft
01/31/2016 01/31/16 Pending -- -- --
01/12/2016 01/12/16 Price Changed $4,899,000 -10.8% $994 / Sq Ft
10/26/2015 10/26/15 For Sale $5,495,000 -- $1,115 / 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 $55,429 $5,563,845 $4,036,386 $1,527,459
2024 $55,429 $5,454,750 $3,957,241 $1,497,509
2023 $54,159 $5,347,795 $3,879,648 $1,468,147
2022 $53,144 $5,242,937 $3,803,577 $1,439,360
2021 $52,126 $5,140,135 $3,728,997 $1,411,138
2020 $51,588 $5,087,430 $3,690,761 $1,396,669
2019 $50,704 $4,987,677 $3,618,393 $1,369,284
2018 $49,719 $4,889,880 $3,547,444 $1,342,436
2017 $48,745 $4,794,000 $3,477,886 $1,316,114
2016 $63,430 $6,240,738 $5,016,070 $1,224,668
2015 $62,492 $6,146,997 $4,940,724 $1,206,273
2014 $61,305 $6,026,586 $4,843,942 $1,182,644
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15233583

California Regional Multiple Listing Service (CRMLS)

APN: 053-060-25