$5,750,000
SOLD JUN 1, 2016
5 Beds
4.5 Baths
5,048 Sq Ft
0.26 Acres

Recently Sold

$1,139 Per Sq Ft

4% Below List Price

22 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • Home fronts a pond
  • Newport Coast Elementary School Rated A
  • Private Pool
  • Primary Bedroom Suite

About This Home

As of December 2021

Widely regarded as Pelican Height's most prized parcel, 5 Via Naples presents a unique opportunity to own one of the area's most coveted properties. Distinctly positioned on a breathtaking front row promontory, perched beyond adjacent neighbors, this Mediterranean-style residence offers unparalleled privacy and serenity and stunning views of the ocean, coastline, Catalina, harbor, and city lights. The crisp interiors of this wonderfully maintained home are juxtaposed by traditional highlights including rich millwork, imported marble flooring and fine molding details. The eminently livable floor plan is comprised of 5 bedrooms (the 5th bedroom, currently used as an office, can easily be converted to a large suite), 4 full and 1 half baths. Notable highlights include a large gourmet kitchen with adjacent outdoor grill, beautifully manicured rear yard gardens, double-insulated interior walls, and a 3-car garage. Enjoy the world class Newport Coast lifestyle with stone's throw proximity to the famed Pelican Hill Resort with two championship golf courses, pristine beaches of Crystal Cove State Park, first class shopping and dining at Fashion Island and South Coast Plaza and domestic and international travel conveniences via John Wayne Airport and LAX.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 03/23/2016

Pacific Sotheby's Int'l Realty

Co-Listed By

Kathryn White

Coldwell Banker Realty License #01346645

Last Buyer's Agent

Cynthia Blagg

HOM Sotheby's International Re License #01148682

HOM Sotheby's International Re

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $93,146

Year Built

  • Built in 2002

Lot Details

  • 0.26 Acre Lot
  • Home fronts a pond
  • Glass Fence
  • Stucco Fence
  • Fence is in excellent condition
  • Front and Side Yard Sprinklers

HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Combination Of Materials Used In The Driveway

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Canyon
  • Mountain

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,048 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Shutters
  • Blinds
  • Window Screens
  • Double Door Entry
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Storage

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts in Kitchen
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303332

Community Details

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • 24-Hour Security
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$93,146

Year Built

Built in 2002

Lot Details

0

HOA Fees

$660 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Guarded, Smoke Detector(s), Security System
  • Subdivision Name Other: Montecito (MONT)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303332
  • Year Built: 2002
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5048.00
  • Interior Amenities: Built-in Features, Balcony, Crown Molding, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Storage, Tile Counters, Wet Bar
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Dining Room, In Kitchen
  • Fireplace Features: Living Room, Master Retreat
  • Levels: Two
  • Price Per Square Foot: 1139.06
  • Room Type: Bonus Room, Den, Entry, Formal Entry, Guest/Maid's Quarters, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Retreat, Office
  • Spa Features: Association
  • Window Features: Blinds, Double Pane Windows, Screens, Shutters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: Catalina, City Lights, Canyon, Coastline, Mountain(s), Ocean, Panoramic
  • Fence: Yes
  • Fencing: Glass, Stucco Wall, Excellent Condition
  • Patio And Porch Features: Covered, Deck, Stone
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway - Combination, Concrete, Garage Faces Front, Garage, Garage Door Opener, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Gas Water Heater, Range Hood, Microwave, Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Biking Trails, Clubhouse, Controlled Access, Dues Paid Monthly, Guard, Playground, Pool, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 575.00
  • Association #2 Fee: 85.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers On Side, Sprinkler System
  • Lot Size Sq Ft: 11284.00
  • Price Per Lot Square Foot: 509.57

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Pond

Tax Info

  • Tax Lot: 69
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Dec 16, 2021
Sold by
Chung Geesun
Bought by
Chung Euisun
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
Anne Kwak
Realty One Group West
List Price
$8,200,000
Sold Price
$8,280,000
Premium/Discount to List
$80,000
0.98%
Current Estimated Value
$9,898,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,618,036
Avg. Annual Appreciation
3.16%

Purchase Details

Listed on
Dec 1, 2021
Closed on
Dec 8, 2021
Sold by
Salous Omaima and Omaima Salous Revocable Trust
Bought by
Chung Euisun
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
Anne Kwak
Realty One Group West
List Price
$8,200,000
Sold Price
$8,280,000
Premium/Discount to List
$80,000
0.98%

Purchase Details

Closed on
Jun 9, 2021
Sold by
Hamoui Omar and Salous Omaima
Bought by
Hamoui Omar and Omaima Salous Revocable Trust

Purchase Details

Listed on
Mar 23, 2016
Closed on
Apr 23, 2016
Sold by
Fong Tsang Ping and Fong Grace S
Bought by
The Hamoui Salous Family Revocable Trust
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Cynthia Blagg
HOM Sotheby's International Re
List Price
$5,988,000
Sold Price
$5,750,000
Premium/Discount to List
-$238,000
-3.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%

Purchase Details

Closed on
Dec 17, 2008
Sold by
Fong Tsang Ping and Fong Grace S
Bought by
Fong Tsang Ping and Fong Grace S

Purchase Details

Closed on
Feb 3, 2004
Sold by
Fong Tsang Ping and Fong Grace S
Bought by
Fong Tsang Ping and Fong Grace S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
4.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2001
Sold by
Cph Newport Coast Llc
Bought by
Fong Tsang Ping and Fong Grace S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.62%
Source: Public Records

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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 -- Lawyers Title Company
Grant Deed $8,280,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Grant Deed $5,750,000 California Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Grant Deed $2,296,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $992,000 Unknown
Previous Owner $992,000 Unknown
Previous Owner $1,000,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $8,280,000 +1.0% $1,640 / Sq Ft
12/01/2021 12/01/21 For Sale $8,200,000 +42.6% $1,624 / Sq Ft
06/01/2016 06/01/16 Sold $5,750,000 -4.0% $1,139 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $5,988,000 -- $1,186 / 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
2024 $93,146 $8,614,512 $7,539,732 $1,074,780
2023 $91,062 $8,445,600 $7,391,894 $1,053,706
2022 $89,558 $8,280,000 $7,246,954 $1,033,046
2021 $67,525 $6,288,464 $5,261,337 $1,027,127
2020 $67,529 $6,223,984 $5,207,388 $1,016,596
2019 $66,308 $6,101,946 $5,105,283 $996,663
2018 $64,991 $5,982,300 $5,005,179 $977,121
2017 $64,910 $5,865,000 $4,907,038 $957,962
2016 $35,308 $2,897,443 $2,103,774 $793,669
2015 $35,069 $2,853,921 $2,072,173 $781,748
2014 $34,290 $2,798,017 $2,031,582 $766,435
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16060225

California Regional Multiple Listing Service (CRMLS)

APN: 473-033-32