NOT LISTED FOR SALE

Estimated Value: $7,332,000 - $11,948,292

3 Beds
3.5 Baths
2,021 Sq Ft
$4,768/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $4,200,000 $2,078 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $58,456/month

36 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Property has ocean access
  • Ocean Side of Highway 1

About This Home

As of May 2015

This stylish oceanfront retreat opens to one of west Newports favorite beaches. Recently constructed, this custom
home is picture perfect and features beautiful detailing throughout the open and livable floor plan. A great room on
the main level adjoins the kitchen area and opens onto a large beachside brick terrace. Views of the ocean, Catalina
and sunsets can be seen from all of the main living areas. Interior detailing includes reclaimed hardwood floors,
travertine floors, extensive paneling, custom baths, and decorator detailing throughout. The master suite is especially
large and features a fireplace, private balcony as well as a spa bath overlooking the ocean. Turn-key homes with this
kind of walk out onto the sand access are hard to come by in such appealing locations.

Last Agent to Sell the Property

Robert Giem

Plus Real Estate License #01082750 Listed on: 02/17/2015

Last Buyer's Agent

Pamela Spruce

Compass License #01242934

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $90,151

Year Built

  • Built in 2004

Lot Details

  • 1,956 Sq Ft Lot
  • Beach Front

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Panoramic
  • City Lights

Interior Spaces

  • 2,021 Sq Ft Home
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Den

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Outdoor Fireplace

Utilities

  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 4 / 49
  • Tax Tract Number 523
  • Assessor Parcel Number 42445203

Home Details

Home Type

Single Family

Est. Annual Taxes

$90,151

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42445203
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2021.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Starter, Master Bedroom, Outside
  • Levels: Two
  • Price Per Square Foot: 2078.18
  • Room Type: All Bedrooms Up, Den, Master Suite, Walk-In Closet

Exterior Features

  • View: City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 1956.00
  • Lot Size Acres: 0.0450

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1956.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Block: 49
  • Tax Lot: 4
  • Tax Tract Number: 523

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2019
Sold by
Polos Peter J and Polos Kristie C
Bought by
Dewalt David G and Dewalt Mary Kathleen
Current Estimated Value
$9,637,097

Purchase Details

Closed on
Sep 28, 2017
Sold by
Polos Peter J and Polos Kristie
Bought by
Polos Peter J and Polos Kristie C

Purchase Details

Closed on
Feb 25, 2016
Sold by
Solaas Greg and Solaas Ellen
Bought by
Polos Peter J and Polos Kristie

Purchase Details

Listed on
Feb 17, 2015
Closed on
Apr 14, 2015
Sold by
Herbst Edward J
Bought by
Polos Peter J and Polos Kristie
Seller's Agent
Robert Giem
Plus Real Estate
Buyer's Agent
Pamela Spruce
Compass
List Price
$4,495,000
Sold Price
$4,200,000
Premium/Discount to List
-$295,000
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.31%
Original Mortgage
$2,940,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2002
Sold by
Butler Ted M and Lund Patricia E
Bought by
Herbst Edward J and Herbst Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,165,000
Interest Rate
6.99%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dewalt David G $7,800,000 Lawyers Title Company
Polos Peter J -- None Available
Polos Peter J -- Lawyers Title
Polos Peter J $4,200,000 Lawyers Title Company
Herbst Edward J -- Lawyers Title Company
Herbst Edward J $1,665,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Polos Peter J $2,940,000
Previous Owner Herbst Edward J $1,165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2015 05/29/15 Sold $4,200,000 -6.6% $2,078 / Sq Ft
03/25/2015 03/25/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $4,495,000 -- $2,224 / 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 $90,151 $8,701,046 $7,732,509 $968,537
2024 $90,151 $8,530,438 $7,580,891 $949,547
2023 $88,051 $8,363,175 $7,432,246 $930,929
2022 $86,605 $8,199,192 $7,286,516 $912,676
2021 $84,939 $8,038,424 $7,143,643 $894,781
2020 $84,125 $7,956,000 $7,070,393 $885,607
2019 $52,057 $4,917,367 $4,135,596 $781,771
2018 $51,016 $4,820,949 $4,054,506 $766,443
2017 $45,941 $4,330,219 $3,975,006 $355,213
2016 $45,101 $4,264,050 $3,891,122 $372,928
2015 $24,846 $2,321,253 $1,967,532 $353,721
2014 -- $2,275,783 $1,928,990 $346,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15033644

California Regional Multiple Listing Service (CRMLS)

APN: 424-452-03