$4,365,000
SOLD SEP 23, 2013
4 Beds
4.5 Baths
5,800 Sq Ft
0.32 Acres

Recently Sold

$753 Per Sq Ft

3% Below List Price

46 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • In Ground Spa
  • 5-minute walk to Coastal Canyon Park

About This Home

As of April 2021

Ocean, Catalina Island, harbor and city lights views will take your breath away when you arrive at this stunning Ocean Heights residence. Located on a lot of approximately 14,000 square feet, the approximately 5,800 square foot home encompasses four bedroom suites, which include two master suites – one on the main floor – and two junior suites. In addition, there is a master retreat that can be used as an office or gym, as well as an upstairs media room. Enjoy luxurious touches throughout the sumptuous space, featuring travertine floors and fireplaces in the living room, great room and inner courtyard. An expansive, extremely private backyard with spa is the perfect spot for rest and relaxation, so plan your escape today.

Last Agent to Sell the Property

Michael Fawaz

Compass License #01342829 Listed on: 06/24/2013

Compass

Last Buyer's Agent

Penny Liu

ReMax 2000 Realty License #01358198

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,906

Year Built

  • Built in 2002

Lot Details

  • 0.32 Acre Lot
  • Glass Fence
  • Sprinkler System

HOA Fees

  • $560 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Back Bay
  • Harbor
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Mediterranean Architecture
  • Clay Roof
  • Stucco

Interior Spaces

  • 5,800 Sq Ft Home
  • 2-Story Property
  • French Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library
  • Bonus Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Convection Oven
  • Six Burner Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Fireplace
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 15394
  • Assessor Parcel Number 47817117

Community Details

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,906

Year Built

Built in 2002

Lot Details

0

HOA Fees

$560 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Fire Sprinkler System, Fire and Smoke Detection System, Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Perazul (PERZ)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47817117
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5800.00
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Living Room, Outside
  • Levels: Two
  • Price Per Square Foot: 752.59
  • Room Type: Bonus Room, Family Room, Great Room, Library, Living Room, Main Floor Master Bedroom, Master Suite, Walk-In Closet, Office
  • Spa Features: Association, In Ground

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Bay, Back Bay, Catalina, City Lights, Coastline, Harbor, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Glass
  • Patio And Porch Features: Covered
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Clay
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Convection Oven, Double Oven, Dishwasher, Microwave
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Sewer: Sewer Assessments
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse Paid, Playground, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 560.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 14000.00
  • Lot Size Acres: 0.3210

Multi Family

  • Lease Considered: No
  • Lot Size Area: 14000.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 13
  • Tax Tract Number: 15394

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 16, 2021
Sold by
Hicks Zackery Allen and Lacovino Dennis Fulton
Bought by
Aurora Investment Management Llc
Seller's Agent
Rob Smith
Compass
Buyer's Agent
Michelle Peschel
Pacific Sotheby's Int'l Realty
List Price
$6,995,000
Sold Price
$6,800,000
Premium/Discount to List
-$195,000
-2.79%
Current Estimated Value
$9,086,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,286,433
Avg. Annual Appreciation
6.92%

Purchase Details

Listed on
Feb 20, 2019
Closed on
Jun 6, 2019
Sold by
Wang Tengfei
Bought by
Zhang Hui
Seller's Agent
Penny Liu
ReMax 2000 Realty
Buyer's Agent
Penny Liu
ReMax 2000 Realty
List Price
$5,680,000
Sold Price
$5,455,000
Premium/Discount to List
-$225,000
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%
Original Mortgage
$3,455,000
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 20, 2019
Closed on
May 28, 2019
Sold by
Zhang Hui
Bought by
Hicks Zackery Allen and Lacovino Dennis Fulton
Seller's Agent
Penny Liu
ReMax 2000 Realty
Buyer's Agent
Penny Liu
ReMax 2000 Realty
List Price
$5,680,000
Sold Price
$5,455,000
Premium/Discount to List
-$225,000
-3.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,455,000
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 24, 2013
Closed on
Aug 12, 2013
Sold by
Kim Daniel S and Kim Myung Lim
Bought by
Zhang Hui
Seller's Agent
Michael Fawaz
Compass
Buyer's Agent
Penny Liu
ReMax 2000 Realty
List Price
$4,500,000
Sold Price
$4,365,000
Premium/Discount to List
-$135,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.96%
Original Mortgage
$2,365,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 13, 2001
Sold by
Taylor Woodrow Homes Inc
Bought by
Kim Daniel S and Kim Myung Lim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,816
Interest Rate
7.13%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Grant Deed $6,800,000 Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $5,455,000 Chicago Title Company
Grant Deed $4,365,000 Western Resources Title Co
Grant Deed -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,500,000 New Conventional
Previous Owner $3,455,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,365,000 Adjustable Rate Mortgage/ARM
Previous Owner $417,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $300,000 Fannie Mae Freddie Mac
Previous Owner $463,251 Unknown
Previous Owner $500,000 Unknown
Previous Owner $186,816 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2021 04/07/21 Sold $6,800,000 -2.8% $1,176 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $6,995,000 +28.2% $1,210 / Sq Ft
06/18/2019 06/18/19 Sold $5,455,000 -4.0% $939 / Sq Ft
05/13/2019 05/13/19 For Sale $5,680,000 0.0% $978 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $5,680,000 +30.1% $978 / Sq Ft
09/23/2013 09/23/13 Sold $4,365,000 -3.0% $753 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
06/24/2013 06/24/13 For Sale $4,500,000 -- $776 / 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 $77,906 $7,216,214 $5,657,471 $1,558,743
2023 $76,175 $7,074,720 $5,546,540 $1,528,180
2022 $74,916 $6,936,000 $5,437,784 $1,498,216
2021 $60,168 $5,621,744 $4,088,034 $1,533,710
2020 $60,256 $5,564,100 $4,046,116 $1,517,984
2019 $52,085 $4,796,774 $3,314,819 $1,481,955
2018 $51,053 $4,702,720 $3,249,822 $1,452,898
2017 $50,999 $4,610,510 $3,186,100 $1,424,410
2016 $51,817 $4,520,108 $3,123,627 $1,396,481
2015 $51,415 $4,452,212 $3,076,707 $1,375,505
2014 $50,235 $4,365,000 $3,016,439 $1,348,561
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13121953

California Regional Multiple Listing Service (CRMLS)

APN: 478-171-17