NOT LISTED FOR SALE

Estimated Value: $7,647,743 - $8,635,000

4 Beds
3 Baths
3,000 Sq Ft
$2,716/Sq Ft Est. Value

Last Sold September 11, 2012

Last sale price $2,400,000 $800 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $47,757/month

481 Days on Market

Highlights

  • Private Dock Site
  • Boat Slip
  • Contemporary Architecture
  • Abraham Lincoln Elementary School Rated A
  • Bay View
  • Covered Patio or Porch

About This Home

As of September 2012

NEW LOW PRICE!!This soft contemporary waterfront home complete with vaulted ceilings and recessed lighting is located in water front community of Promontory Bay. Split-level home offering welcoming courtyard fountain, family room, office/den, custom kitchen and inviting formal dining room with new carpeting throughtout, interior and exterior recently painted. Enjoy bay views from the living room, family room, and the spacious master bedroom featuring built-ins, a walk-in closet and an elaborate free-standing tub. Also included is a bayfront patio with built-in barbeque and a pier with slip for a large boat. A 3 car garage completes the setting. Being sold AS IS!! See preliminary plans to add approx. 2000 sq. ft. Bank owned, call agent for details.

Last Agent to Sell the Property

Mickey Hartling

Seven Gables Real Estate License #00859940 Listed on: 05/19/2011

Last Buyer's Agent

Mickey Hartling

Seven Gables Real Estate License #00859940 Listed on: 05/19/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,745

Year Built

  • Built in 1973

Lot Details

  • 5,445

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Two Garage Doors

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Tile Roof
  • Concrete Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Carpet
  • Bay Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Covered Patio or Porch
  • Outdoor Grill

Additional Features

  • 5,445 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 3867
  • Assessor Parcel Number 05042141

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,745

Year Built

Built in 1973

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-683-5553
  • Property Attached: No
  • Subdivision Name Other: Promontory Bay
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05042141
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Dining Room
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Multi/Split
  • Price Per Square Foot: 800.00
  • Room Type: Living Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Boat Slip, Dock Private
  • View: Bay
  • Fence: No
  • Patio And Porch Features: Covered
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: No
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 30.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 5445.00
  • Lot Size Acres: 0.1250

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5445.0000 Square Feet

Tax Info

  • Tax Lot: 44
  • Tax Tract: Promontory Bay
  • Tax Tract Number: 3867

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2017
Sold by
Glaseser Gloria Daphne
Bought by
Tena Joseph Pepe
Current Estimated Value
$8,148,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,281,250
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 15, 2017
Sold by
Tena Joseph Pape
Bought by
Holstrom Dayn A and Holstrom Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,281,250
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 2, 2017
Sold by
Umbral Llc
Bought by
Tena Joseph Pepe

Purchase Details

Listed on
May 19, 2011
Closed on
Sep 5, 2012
Sold by
Commercial Bank Of California
Bought by
Umbral Llc
Seller's Agent
Mickey Hartling
Seven Gables Real Estate
Buyer's Agent
Mickey Hartling
Seven Gables Real Estate
List Price
$2,600,000
Sold Price
$2,400,000
Premium/Discount to List
-$200,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%

Purchase Details

Closed on
Oct 15, 2008
Sold by
Burnett Brian R
Bought by
Commercial Bank Of California

Purchase Details

Closed on
Feb 1, 2005
Sold by
Burnett Chester Lynn
Bought by
Burnett Chester Lynn and Burnett Family 2005 Trust

Purchase Details

Closed on
Aug 23, 2004
Sold by
Fargo F Brian
Bought by
Burnett Chester Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,856,250
Interest Rate
5.17%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 11, 1995
Sold by
Fargo F Brian
Bought by
Fargo F Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$839,000
Interest Rate
7.12%

Purchase Details

Closed on
Oct 3, 1995
Sold by
Fargo Stephanie
Bought by
Fargo F Brian
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
Tena Joseph Pepe -- Lawyers Title
Holstrom Dayn A $4,375,000 Lawyers Title
Tena Joseph Pepe -- None Available
Umbral Llc -- Stewart Title Irvine
Commercial Bank Of California -- Fidelity National Title Co
Burnett Chester Lynn -- None Available
Burnett Chester Lynn $2,475,000 First American Title
Fargo F Brian -- Fidelity National Title Ins
Fargo F Brian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holstrom Dayn A $10,000
Open Holstrom Dayn A $3,000,000
Closed Holstrom Dayn A $3,281,250
Previous Owner Burnett Chester Lynn $750,000
Previous Owner Burnett Chester Lynn $100,000
Previous Owner Burnett Chester Lynn $850,000
Previous Owner Burnett Chester Lynn $750,000
Previous Owner Burnett Chester Lynn $1,856,250
Previous Owner Fargo F Brian $780,000
Previous Owner Fargo F Brian $839,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2012 09/11/12 Sold $2,400,000 -7.5% $800 / Sq Ft
05/01/2012 05/01/12 Price Changed $2,595,000 -0.2% $865 / Sq Ft
02/16/2012 02/16/12 For Sale $2,600,000 0.0% $867 / Sq Ft
02/16/2012 02/16/12 Price Changed $2,600,000 +8.3% $867 / Sq Ft
01/20/2012 01/20/12 Off Market $2,400,000 -- --
01/13/2012 01/13/12 Rented $6,500 -7.1% --
01/13/2012 01/13/12 Under Contract -- -- --
11/03/2011 11/03/11 For Rent $7,000 0.0% --
08/25/2011 08/25/11 Price Changed $2,749,000 -14.0% $916 / Sq Ft
05/19/2011 05/19/11 For Sale $3,195,000 -- $1,065 / 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 $51,745 $4,978,002 $4,155,351 $822,651
2024 $51,745 $4,880,395 $4,073,874 $806,521
2023 $50,538 $4,784,701 $3,993,994 $790,707
2022 $49,706 $4,690,884 $3,915,681 $775,203
2021 $48,751 $4,598,906 $3,838,903 $760,003
2020 $48,283 $4,551,750 $3,799,539 $752,211
2019 $47,275 $4,462,500 $3,725,038 $737,462
2018 $46,330 $4,375,000 $3,651,998 $723,002
2017 $31,433 $2,952,207 $2,194,914 $757,293
2016 $30,725 $2,894,321 $2,151,876 $742,445
2015 $30,437 $2,850,846 $2,119,553 $731,293
2014 $27,831 $2,615,380 $2,078,034 $537,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11002173

California Regional Multiple Listing Service (CRMLS)

APN: 050-421-41