NOT LISTED FOR SALE

481 Morning Canyon Rd Corona Del Mar, CA 92625

Corona Del Mar Neighborhood

Estimated Value: $3,511,853 - $5,499,000

4 Beds
4.5 Baths
3,800 Sq Ft
$7/mo HOA Fee

Last Sold February 04, 2013

Last sale price $1,750,000 $461 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $26,692/month

154 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Updated Kitchen
  • Harbor View Elementary School Rated A
  • Custom Home
  • Open Floorplan

About This Home

As of February 2013

Don't miss this rare opportunity & incredible value. Stunning custom built home with tranquil ocean views from the 2nd story. Spacious floorplan approx. 3800 sq.ft. 4 Bd. 4.5 Ba. Beautiful gourmet kitchen with every attention to detail including Granite counters, Travertine backsplash, center island with breakfast bar + eating area, top-of-the-line stainless appliances, subzero refrigerator, walk-in pantry, wine refrigerator & more. Immaculate condition with Travertine flooring, crown molding, plush carpeting, custom paint & custom window coverings. Master suite with sitting area/retreat & Fireplace. Luxurious master bath with marble floors & counters incl. jetted Roman tub, separate shower, dual sinks, vanity, bidet & cedar lined walk-in closet. Enjoy indoor/outdoor living with French doors throughout leading to outdoor fountain, fireplace & built-in BBQ. Perfect for entertaining. Private beach access across PCH & walking distance to CdM Village, restaurants & shopping.

Last Agent to Sell the Property

Heather Saito

Compass License #01158918 Listed on: 07/06/2012

Compass

Last Buyer's Agent

Dieter Hulfachor

First Team Real Estate License #01763649

First Team Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,545

Year Built

  • Built in 1992

Lot Details

  • Wrought Iron Fence
  • Private Yard

HOA Fees

  • $7 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Custom Home
  • Mediterranean Architecture
  • Tar and Gravel Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,800 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Wired For Sound
  • Crown Molding
  • Skylights
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Custom Window Coverings
  • French Doors
  • Entrance Foyer
  • Separate Family Room
  • Living Room
  • Dining Room
  • Den
  • Loft
  • Alarm System

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Community Details

  • 2 Units
  • Built by Custom
  • Custom

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 93801252

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,545

Year Built

Built in 1992

Lot Details

0

HOA Fees

$7 per month

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-717-4767
  • Property Attached: Yes
  • Security: Security System, Wired for Alarm System
  • Subdivision Name Other: Corona del Mar North of PCH
  • View: Yes
  • Zoning: R1
  • Architectural Style: Custom Built, Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93801252
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3800.00
  • Interior Amenities: Balcony, Crown Molding, Granite Counters, Open Floorplan, Recessed Lighting, Wired for Sound, Wet Bar
  • 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: Area, Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Gas Starter
  • Levels: Two
  • Price Per Square Foot: 460.53
  • Room Type: Den, Foyer, Loft, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Separate Family Room
  • Window Features: Custom Covering, Skylight(s)
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wrought Iron
  • Builder Name: Custom
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Paved, Driveway, Garage Faces Front, Direct Garage Access, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Barbecue, Built-In, Double Oven, Dishwasher, Freezer, Gas Cooking, Disposal, Range Hood, Ice Maker, Range, Refrigerator, Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 80.00
  • Association Fee Frequency: Annually
  • Phone: 000-0000
  • Senior Community: No
  • Community Features: Gutters

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Yard

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2012
Closed on
Dec 7, 2012
Sold by
Tustin Thomas C
Bought by
Blanning William Andrew and Blanning Kathleen Hamilton
Seller's Agent
Heather Saito
Compass
Buyer's Agent
Dieter Hulfachor
First Team Real Estate
List Price
$2,098,000
Sold Price
$1,750,000
Premium/Discount to List
-$348,000
-16.59%
Current Estimated Value
$4,530,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,780,635
Avg. Annual Appreciation
7.81%
Original Mortgage
$1,000,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2011
Sold by
Tustin Thomas C
Bought by
Tustin Thomas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2008
Sold by
Tustin Thomas C
Bought by
Tustin Thomas C and Tustin Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.8%
Mortgage Type
Unknown

Purchase Details

Closed on
May 31, 2005
Sold by
Lawson David S and Martinez Belinda
Bought by
Tustin Thomas C and Thomas Chapin & Athanasia N Tustin Inter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.58%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 14, 1997
Sold by
Winter Robert R
Bought by
Lawson David S and Martinez Belinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.5%
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
Blanning William Andrew $1,750,000 Lawyers Title
Tustin Thomas C -- First American Title Company
Tustin Thomas C -- First American Title Company
Tustin Thomas C -- First American Title Company
Tustin Thomas C -- Southland Title Corporation
Tustin Thomas C -- Southland Title Corporation
Tustin Thomas C -- Southland Title Corporation
Tustin Thomas C $1,950,000 California Title Company
Lawson David S $800,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanning William Andrew $303,000
Previous Owner Blanning William Andrew $1,000,000
Previous Owner Tustin Thomas C $348,000
Previous Owner Tustin Thomas C $417,000
Previous Owner Tustin Thomas C $500,000
Previous Owner Lawson David S $650,000
Previous Owner Lawson David S $650,000
Previous Owner Lawson David S $650,000
Previous Owner Lawson David S $650,000
Previous Owner Lawson David S $205,000
Previous Owner Lawson David S $150,000
Previous Owner Lawson David S $717,300
Previous Owner Lawson David S $640,000
Previous Owner Winter Dds Robert R $75,000
Closed Lawson David S $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2013 02/04/13 Sold $1,750,000 -2.7% $461 / Sq Ft
11/05/2012 11/05/12 Price Changed $1,799,000 -2.2% $473 / Sq Ft
08/20/2012 08/20/12 Price Changed $1,839,000 -12.3% $484 / Sq Ft
07/06/2012 07/06/12 For Sale $2,098,000 -- $552 / 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 $22,545 $2,154,996 $1,414,789 $740,207
2024 $22,545 $2,112,742 $1,387,048 $725,694
2023 $22,016 $2,071,316 $1,359,851 $711,465
2022 $21,649 $2,030,702 $1,333,187 $697,515
2021 $21,233 $1,990,885 $1,307,046 $683,839
2020 $21,028 $1,970,471 $1,293,643 $676,828
2019 $20,592 $1,931,835 $1,268,278 $663,557
2018 $20,181 $1,893,956 $1,243,409 $650,547
2017 $19,823 $1,856,820 $1,219,028 $637,792
2016 $19,376 $1,820,412 $1,195,125 $625,287
2015 $19,193 $1,793,068 $1,177,173 $615,895
2014 $18,739 $1,757,945 $1,154,114 $603,831
Source: Public Records

Agents Affiliated with this Home

  • Heather Saito

    Seller's Agent in 2013

    Heather Saito

    Compass

    (949) 717-4767

    9 Total Sales

    Section Image
  • Dieter Hulfachor

    Buyer's Agent in 2013

    Dieter Hulfachor

    First Team Real Estate

    (949) 836-4357

    16 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12002705

California Regional Multiple Listing Service (CRMLS)

APN: 938-012-52

California Orange County Corona Del Mar 92625 Corona Del Mar

481 Morning Canyon Rd, Corona Del Mar, CA

This home is located at 481 Morning Canyon Rd, Corona Del Mar, CA 92625 since 06 July 2012 and is currently estimated at $4,608,284, approximately $1,212 per square foot. This property was built in 1992. 481 Morning Canyon Rd is a home located in Orange County with nearby schools including Harbor View Elementary School, Corona del Mar Middle and High School, and Harbor Day School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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