NOT LISTED FOR SALE

Estimated Value: $7,647,000 - $9,107,000

5 Beds
5.5 Baths
5,520 Sq Ft
$1,555/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $4,700,000 $851 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $50,540/month

94 Days on Market

Highlights

  • In Ground Spa
  • Primary Bedroom Suite
  • Fireplace in Kitchen
  • Newport Coast Elementary School Rated A
  • View of Trees or Woods
  • Retreat

About This Home

As of June 2021

A transitional expression of Newport Coast living, this 5,500+ sqft estate, privately situated on its own gated, oversized lot, this dream home has been renovated and redesigned with designer finishes throughout. Quartz countertops, French oak flooring, designer lighting, and new hardware characterize the home, while an abundance of natural light floods the home and creates a tranquil ambiance on par with the world class Pelican Hill Resort just down the road. The main floor is ideally designed with an open concept showcasing bright spaces with connectively throughout the entire first floor and the free-flowing backyard spaces. Two main floor bedrooms provide an ample setting for guests, while the oversized master suite features ample space with a spa-like bath with steam shower, adjacent master retreat, and spacious walk-in closet. The entertainer’s dream yard features pool & spa, outdoor BBQ, fire pit, multiple seating area, and your own putting green. Located in the ultra exclusive, guard-gated community of Pelican Ridge Estates with immediate proximity to award winning schools, world class resorts, and picturesque beaches complete this dream home.

Last Agent to Sell the Property

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 03/07/2021

Co-Listed By

Sahand Zargari

Luxe Real Estate License #01985671

Last Buyer's Agent

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 03/07/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,006

Year Built

  • Built in 1998

Lot Details

  • 0.3 Acre Lot
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 6 Car Attached Garage
  • 4 Open Parking Spaces

Property Views

  • Woods
  • Neighborhood

Interior Spaces

  • 5,520 Sq Ft Home
  • Entryway
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Den with Fireplace
  • Bonus Room
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • Walk-In Closet

Pool

  • In Ground Spa
  • Private Pool

Schools

  • Newport Coast Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Additional Features

  • Exterior Lighting
  • Zoned Cooling

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 14038
  • Assessor Parcel Number 47707103

Community Details

Overview

  • Pelican Ridge Association, Phone Number (949) 833-2600
  • 949 448 6000 Association
  • Keystone Pacific HOA
  • Pelican Ridge Estates Subdivision

Amenities

  • Community Barbecue Grill
  • Recreation Room

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Park

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,006

Year Built

Built in 1998

Lot Details

0

HOA Fees

$543 per month

Parking

6

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Show Phone Sam
  • Other Phone Number: 949.444.3896
  • Property Attached: No
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47707103
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5520.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Den, Family Room, Kitchen, Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 851.45
  • Room Type: Bonus Room, Den, Entry, Family Room, Main Floor Bedroom, Master Suite, Retreat, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private, In Ground

Exterior Features

  • View: Neighborhood, Trees/Woods
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: First Service Residential
  • Amenities: Pool, Barbecue, Playground, Tennis Court(s), Sport Court, Recreation Room, Guard
  • Association Fee: 425.00
  • Association #2 Fee: 118.00
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Ridge
  • Phone: 949-833-2600
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights
  • Association Management: Keystone Pacific
  • Association Management 2: 949-448-6000

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: NEWCOA
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13072.00
  • Lot Size Acres: 0.3001

Multi Family

  • Lease Considered: No
  • Lot Size Area: 13072.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 46
  • Tax Tract Number: 14038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2021
Closed on
May 18, 2021
Sold by
Tehranchi Ali and The A T Family Trust
Bought by
Daftarian Payman and Daftarian Lilli
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$5,250,000
Sold Price
$4,700,000
Premium/Discount to List
-$550,000
-10.48%
Current Estimated Value
$8,581,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,881,291
Avg. Annual Appreciation
12.69%
Original Mortgage
$3,290,000
Outstanding Balance
$3,151,230
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$4,703,983

Purchase Details

Closed on
Apr 14, 2005
Sold by
Tehranchi Ali
Bought by
Db9 Lp

Purchase Details

Closed on
Dec 17, 2004
Sold by
Tehranchi Ali
Bought by
Tehranchi Ali and The A T Family Trust

Purchase Details

Closed on
Oct 22, 2003
Sold by
Taheri Hassan
Bought by
Tehranchi Bahar

Purchase Details

Closed on
Aug 18, 2003
Sold by
Mckenna David J and Mckenna Marcy
Bought by
Tehranchi Bahar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2002
Sold by
Mckenna David J and Mckenna Marcy
Bought by
Mckenna David J and Mckenna Marcy

Purchase Details

Closed on
Dec 15, 1999
Sold by
Mckenna Marcy
Bought by
Mckenna David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.68%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 28, 1999
Sold by
Mckenna David J and Mckenna Marcy
Bought by
Mckenna David J and Mckenna Marcy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 23, 1998
Sold by
Mckenna David
Bought by
Mckenna David J and Skenderian Marcy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,637
Interest Rate
6.75%

Purchase Details

Closed on
Aug 31, 1998
Sold by
Catellus Residential Ocean Ridge Inc
Bought by
Mckenna David J and Skenderian Marcey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,637
Interest Rate
6.75%
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
Daftarian Payman $4,700,000 North American Title Company
Db9 Lp -- --
Tehranchi Ali -- --
Tehranchi Ali -- --
Tehranchi Bahar -- California Title Company
Tehranchi Bahar $2,350,000 California Title Company
Mckenna David J -- --
Mckenna David J -- --
Mckenna David J -- United Title Company
Mckenna David J -- Fidelity National Title
Mckenna David J -- First American Title Ins Co
Mckenna David J -- First American Title Ins Co
Mckenna David J $1,268,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daftarian Payman $3,290,000
Previous Owner Tehranchi Bahar $1,000,000
Previous Owner Mckenna David J $400,000
Previous Owner Mckenna David J $180,000
Previous Owner Mckenna David J $1,000,637
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $4,700,000 -10.5% $851 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $5,250,000 -- $951 / 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 $54,006 $5,087,430 $3,847,923 $1,239,507
2024 $54,006 $4,987,677 $3,772,474 $1,215,203
2023 $52,753 $4,889,880 $3,698,504 $1,191,376
2022 $51,880 $4,794,000 $3,625,984 $1,168,016
2021 $51,652 $4,812,042 $3,712,064 $1,099,978
2020 $51,714 $4,762,701 $3,674,001 $1,088,700
2019 $50,826 $4,669,315 $3,601,962 $1,067,353
2018 $49,819 $4,577,760 $3,531,335 $1,046,425
2017 $49,876 $4,488,000 $3,462,093 $1,025,907
2016 $50,935 $4,400,000 $3,394,208 $1,005,792
2015 $47,522 $4,051,660 $3,179,767 $871,893
2014 $47,283 $4,051,660 $3,179,767 $871,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21047129

California Regional Multiple Listing Service (CRMLS)

APN: 477-071-03