M
Seller's Agent in 2021
Mike Tomasello
Turning Leaf Properties
5 Terraza Dr Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $3,180,437 - $4,015,000
4
Beds
2.5
Baths
2,735
Sq Ft
1995
Built
Highlights
- Ocean View
- Bluff on Lot
- Main Floor Primary Bedroom
- Newport Coast Elementary School Rated A
- Property Near a Canyon
- 2-minute walk to Vista Ridge View Park
About This Home
As of August 2021Nestled in the coveted gated community of Altezza, this beautiful home is located on a larger corner lot. This incredible home boasts spectacular panoramic ocean views along with the city lights, harbor, coastline and Catalina! Walking into this home you are sure to be impressed with the soaring ceilings and the array of windows, which allows for plenty of natural light! The massive gourmet kitchen is sure to please the pickiest of chef's, while the living room boasts vaulted ceilings and a beautiful custom fan you will be sure to notice, along with the spectacular ocean views! Master bedroom is conveniently located on the entry level floor while all other bedrooms are located upstairs, including a massive bonus room! Do not miss out on the opportunity to call this one your HOME!
Last Agent to Sell the Property
Mike Tomasello
Turning Leaf Properties License #01873819 Listed on: 05/16/2021
Property Details
Home Type
- Condominium
Year Built
- Built in 1995
Lot Details
- Property Near a Canyon
- Partially Fenced Property
- Bluff on Lot
- Lot Has A Rolling Slope
HOA Fees
- $450 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Property Views
- Ocean
- Coastline
- Bay
- Catalina
- City Lights
- Mountain
- Valley
Home Design
- Entry on the 1st floor
- Clay Roof
- Stucco Exterior
Interior Spaces
- 2,735 Sq Ft Home
- 2-Story Property
- Family Room
- Dining Area
- Home Office
- Bonus Room
Kitchen
- Convection Oven
- Built-In Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry closet
- Full Size Washer or Dryer
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Water Meter
Community Details
- Association fees include common area maintenance, exterior (landscaping), gated community
- 3 Units
- Altezza Association, Phone Number (949) 448-6000
Listing and Financial Details
- Assessor Parcel Number 935-344-74
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 13, 2024
Sold by
Edward And Silva Merjanian Family Trust and Merjanian Edward Z
Bought by
Edward And Silva Merjanian Family Trust and Merjanian
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,950,000
Outstanding Balance
$3,948,159
Interest Rate
6.32%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
-$455,550
Purchase Details
Closed on
Aug 12, 2024
Sold by
Merjanian Edward Z and Merjanian Silva
Bought by
Edward And Silva Merjanian Family Trust and Merjanian
Purchase Details
Listed on
May 16, 2021
Closed on
Jul 12, 2021
Sold by
Brunton John and John Brunton Jr Family Trust
Bought by
Merjanian Edward Z and Merjanian Silva
Seller's Agent
Mike Tomasello
Turning Leaf Properties
Buyer's Agent
Victor Jimenez
Luxe Real Estate
List Price
$2,600,000
Sold Price
$2,235,000
Premium/Discount to List
-$365,000
-14.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$1,899,750
Interest Rate
2.93%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Edward And Silva Merjanian Family Trust | -- | Stewart Title Of California | |
| Edward And Silva Merjanian Family Trust | -- | None Listed On Document | |
| Merjanian Edward Z | -- | None Listed On Document | |
| Merjanian Edward Z | $2,235,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Edward And Silva Merjanian Family Trust | $3,950,000 | |
| Previous Owner | Merjanian Edward Z | $1,899,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/02/2021 08/02/21 | Sold | $2,235,000 | -6.9% | $817 / Sq Ft |
| 07/01/2021 07/01/21 | Pending | -- | -- | -- |
| 06/10/2021 06/10/21 | Price Changed | $2,399,900 | -7.7% | $877 / Sq Ft |
| 05/16/2021 05/16/21 | For Sale | $2,600,000 | -- | $951 / Sq Ft |
Source: San Diego MLS
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 | $25,382 | $2,397,800 | $1,946,174 | $451,626 |
| 2024 | $25,382 | $2,325,294 | $1,887,325 | $437,969 |
| 2023 | $24,869 | $2,279,700 | $1,850,318 | $429,382 |
| 2022 | $24,453 | $2,235,000 | $1,814,037 | $420,963 |
| 2021 | $16,816 | $1,546,720 | $1,140,837 | $405,883 |
| 2020 | $16,890 | $1,530,861 | $1,129,139 | $401,722 |
| 2019 | $16,648 | $1,500,845 | $1,106,999 | $393,846 |
| 2018 | $16,322 | $1,471,417 | $1,085,293 | $386,124 |
| 2017 | $16,393 | $1,442,566 | $1,064,013 | $378,553 |
| 2016 | $16,811 | $1,414,281 | $1,043,150 | $371,131 |
| 2015 | $16,685 | $1,393,038 | $1,027,481 | $365,557 |
| 2014 | $16,300 | $1,365,751 | $1,007,354 | $358,397 |
Source: Public Records
Agents Affiliated with this Home
-
-
Peggy Tomasello
Seller Co-Listing Agent in 2021
Peggy Tomasello
Turning Leaf Properties
(858) 722-3227
1 in this area
11 Total Sales
-
Victor Jimenez
Buyer's Agent in 2021
Victor Jimenez
Luxe Real Estate
(949) 922-5125
5 in this area
30 Total Sales
Map
Source: San Diego MLS
MLS Number: 210013157
APN: 935-344-74
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