$2,900,000
SOLD OCT 8, 2014
5 Beds
6 Baths
6,086 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$477 Per Sq Ft

3% Below List Price

75 Days on Market

Highlights

  • Primary Bedroom Suite
  • Updated Kitchen
  • Open Floorplan
  • Newport Heights Elementary Rated A
  • Peek-A-Boo Views
  • 3-minute walk to John Wayne Park

About This Home

As of September 2017

ONE OF THE BEST VALUES IN NEWPORT BEACH!
Take the warmth and casual elegance of West Coast living and blend it with Craftsman-style character and charm, and you have 407 Tustin Avenue in Newport Beach. Built in 2007, this custom residence would be at home on the pages of House Beautiful or Coastal Living. From its premium location in Newport Heights – one of Newport Beach’s most desirable communities with tree-lined streets, award-winning schools and proximity to all that this resort town has to offer – the home features peek ocean/harbor views and tasteful interior/exterior finishes. The stunning yet eminently livable residence encompasses approximately 6,086 square feet of gracious living, with five bedrooms and four full and two half baths. Relax or entertain in generously scaled rooms with high ceilings, gorgeous wood floors and exquisite paneling – from the formal living and dining rooms to the large family room with fireplace. Indulge your culinary passions in a true chef’s kitchen. Or, entertain on one of the home’s outdoor terraces. The wonderful ambiance continues in the home’s more private spaces, including the spectacular master suite with impressive spa bath. An over-sized four-car garage completes this stunning residence.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 06/06/2014

Pacific Sotheby's Int'l Realty

Co-Listed By

Kathryn White

Coldwell Banker Realty License #01346645

Last Buyer's Agent

Jeana Keough

Coldwell Banker Realty License #01208463

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,796

Year Built

  • Built in 2007

Lot Details

  • 7,405 Sq Ft Lot
  • Landscaped
  • Paved or Partially Paved Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Off-Street Parking

Property Views

  • Peek-A-Boo
  • Park or Greenbelt

Home Design

  • Craftsman Architecture
  • Composition Roof

Interior Spaces

  • 6,086 Sq Ft Home
  • Open Floorplan
  • Dual Staircase
  • Wired For Sound
  • High Ceiling
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Shutters
  • Blinds
  • Casement Windows
  • Window Screens
  • French Doors
  • Sliding Doors
  • Atrium Doors
  • Entryway
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Home Office
  • Home Security System

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Convection Oven
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Jack-and-Jill Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Enclosed Patio or Porch
  • Fireplace in Patio
  • Outdoor Fireplace
  • Outdoor Grill

Location

  • Property is near a park

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 919
  • Assessor Parcel Number 04903314

Community Details

Overview

  • No Home Owners Association
  • Built by Tim DeCinces (Architect:Eric Trabert)

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,796

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Security System
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: Yes
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04903314
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6086.00
  • Interior Amenities: 2 Staircases, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Wired for Sound, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Door Features: Atrium Doors, French Doors, Sliding Doors
  • Eating Area: Area, Family Kitchen, Dining Room, In Living Room
  • Fireplace Features: Family Room, Gas, Master Bedroom, Outside, Patio, Wood Burning
  • Levels: Three Or More
  • Price Per Square Foot: 476.50
  • Room Type: Entry, Family Room, Jack & Jill, Living Room, Master Bedroom, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Retreat, Office
  • Window Features: Blinds, Casement Windows, Double Pane Windows, Screens, Shutters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private
  • View: Peek-A-Boo, Park/Greenbelt
  • Builder Name: Tim DeCinces (Architect:Eric Trabert)
  • Patio And Porch Features: Covered, Concrete, Enclosed, Front Porch, Rear Porch, Patio, Stone
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered, Direct Garage Access, Garage, Off Street, Oversized, Private, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Convection Oven, Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Back Yard, Front Yard, Landscaped, Lot 6500-9999, Paved, Park Nearby, Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2021
Sold by
Cervantes Luis Diego and Howe Candace Nicole
Bought by
Cervantes Luis Diego and Howe Candace Nicole
Current Estimated Value
$6,382,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,293,100
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2017
Sold by
Carpenter Peter S and Carpenter Sarah Jane Joshay
Bought by
Cervantes Luis Diego and Howe Candece Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,458,500
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2015
Sold by
Carpenter Peter S and Carpenter Sarah J F
Bought by
Carpenter Peter S and Carpenter Sarah Jane Foshay

Purchase Details

Listed on
Jun 6, 2014
Closed on
Aug 21, 2014
Sold by
407 Tustin Nb Llc
Bought by
Carpenter Peter S and Carpenter Sarah Jf
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jeana Keough
Coldwell Banker Realty
List Price
$2,999,000
Sold Price
$2,900,000
Premium/Discount to List
-$99,000
-3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 18, 2007
Sold by
Decinces Tim
Bought by
407 Tustin Nb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,668,800
Interest Rate
7.25%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 5, 2005
Sold by
Decinces Melissa Lynn
Bought by
Decinces Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
2.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 16, 2005
Sold by
Dill Jeffrey
Bought by
Decinces Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
2.12%
Mortgage Type
Negative Amortization
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 Type Sale Price Title Company
Interfamily Deed Transfer -- Mortgage Information Svcs In
Deed $3,278,000 Ticor Title
Interfamily Deed Transfer -- None Available
Grant Deed $2,900,000 Ticor Title Company
Grant Deed $1,200,000 United General Title Ins Co
Interfamily Deed Transfer -- Equity Title Company
Grant Deed $1,215,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,283,100 New Conventional
Closed $2,293,100 New Conventional
Previous Owner $2,458,500 New Conventional
Previous Owner $1,500,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,960,500 Adjustable Rate Mortgage/ARM
Previous Owner $2,668,800 Construction
Previous Owner $900,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2017 09/13/17 Sold $3,278,000 -5.7% $539 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
08/04/2017 08/04/17 Price Changed $3,475,000 -0.7% $571 / Sq Ft
06/30/2017 06/30/17 For Sale $3,500,000 +20.7% $575 / Sq Ft
10/08/2014 10/08/14 Sold $2,900,000 -3.3% $477 / Sq Ft
06/06/2014 06/06/14 For Sale $2,999,000 -- $493 / 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 $38,796 $3,729,803 $2,205,173 $1,524,630
2024 $38,796 $3,656,670 $2,161,934 $1,494,736
2023 $37,888 $3,584,971 $2,119,543 $1,465,428
2022 $37,261 $3,514,678 $2,077,983 $1,436,695
2021 $36,544 $3,445,763 $2,037,238 $1,408,525
2020 $36,193 $3,410,431 $2,016,348 $1,394,083
2019 $35,438 $3,343,560 $1,976,811 $1,366,749
2018 $34,729 $3,278,000 $1,938,050 $1,339,950
2017 $31,895 $3,003,109 $1,575,309 $1,427,800
2016 $31,175 $2,944,225 $1,544,421 $1,399,804
2015 $30,882 $2,900,000 $1,521,222 $1,378,778
2014 $29,868 $2,809,163 $1,307,634 $1,501,529
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14123609

California Regional Multiple Listing Service (CRMLS)

APN: 049-033-14