NOT LISTED FOR SALE

Estimated Value: $4,617,000 - $6,837,000

4 Beds
4.5 Baths
3,346 Sq Ft
$1,574/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $2,488,000 $744 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $31,133/month

Highlights

  • Primary Bedroom Suite
  • Gated Community
  • Open Floorplan
  • Newport Coast Elementary School Rated A
  • Updated Kitchen
  • Fireplace in Primary Bedroom Retreat

About This Home

As of June 2021

A must see! Offering one of the most coveted homes in the highly-acclaimed gated community of The Point; 5 Waterford Way presents a unique opportunity to lease one the area's finest properties. With fabulous curb appeal, totally upgraded and completely furnished in move-in condition; you just need to pack your personal possessions and move in to this luxuriously appointed home. Through double doors, enter to view a grand scale great room with new hardwood floors, soaring ceilings, and French doors with remote controlled window shades. Soak in the natural light flowing from the professionally maintained private yard complete with patio, built-in bar & barbeque grilling station and a separate seating area to relax and enjoy your serene surroundings. The light and bright gourmet kitchen with travertine flooring and Monogram professional-grade appliances transitions into the family room accentuated with cozy fireplace, custom cabinetry, and entertainment center with mounted flat screen TV including a SONOS surround sound system. A quaint powder room, a private en suite bedroom, and large laundry room with cabinets, sink, and electric washer/dryer completes the first floor.

Moving up the custom-designed staircase; the pristine master suite includes fireplace, large flat screen TV and surround sound entertainment area with remodeled bathroom complete with double sinks, tub and separate shower with huge walk-in closet. The remainder of the second level boasts a generously sized bonus room with built in desks and flat screen TV, including two ample en suite bedrooms. Additional highlights of this magnificent home includes new re-piping of entire house with PEX Type "A" System with lifetime guarantee; central air & heat with thermostats on both levels; water filtration system throughout, custom window shades, stunning molding details; built in security system, and energy conserving solar panels.

A 3-car finished garage with custom cabinetry and work area completes this exemplary home. Enjoy amenity-rich living with access to the Newport Ridge Community Center offering tennis, basketball, playground facilities and hiking trails, as well as close proximity to blue ribbon private and public schools, shopping, dining, freeways and toll roads; and minutes to the John Wayne Airport. Beach-close living at its finest; move in to begin enjoying the good life in this prestigious world-class community.

Last Agent to Rent the Property

Linda Hahn

RE/MAX TerraSol License #01203378 Listed on: 06/18/2021

RE/MAX TerraSol

Last Renter's Agent

Linda Hahn

RE/MAX TerraSol License #01203378 Listed on: 06/18/2021

RE/MAX TerraSol

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,837

Year Built

  • Built in 1994 | Remodeled

Lot Details

  • 7,975 Sq Ft Lot
  • Cul-De-Sac
  • Fenced
  • Fence is in good condition
  • Landscaped
  • Front and Back Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Driveway

Home Design

  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Stone Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,346 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Wired For Sound
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Plantation Shutters
  • Custom Window Coverings
  • Solar Screens
  • Window Screens
  • Double Door Entry
  • French Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room Balcony
  • Bonus Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Built-In Range
  • Microwave
  • Freezer
  • Water Line To Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Open Patio
  • Exterior Lighting
  • Outdoor Grill

Location

  • Suburban Location

Schools

  • Newport Coast Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Two cooling system units
  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Underground Utilities
  • Natural Gas Connected
  • Gas Water Heater
  • Water Purifier
  • Water Softener

Listing and Financial Details

  • Security Deposit $12,000
  • Rent includes association dues, gardener
  • 12-Month Minimum Lease Term
  • Available 6/18/21
  • Tax Lot 21
  • Tax Tract Number 14712
  • Assessor Parcel Number 46121153

Community Details

Overview

  • Property has a Home Owners Association
  • The Point At Newport Ridge Assoc. Association
  • Keystone Pacific HOA
  • Pointe Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,837

Year Built

Built in 1994 | Remodeled

Lot Details

0

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2021-06-18
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 12000
  • Furnished: Furnished
  • Pets Allowed: Breed Restrictions, Call, Number Limit, Size Limit
  • Total Move In Costs: 24000.00

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Security System, Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: Pointe (NRPT)
  • View: No
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 46121153
  • Year Built: 1994
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3346.00 Square Feet
  • Interior Amenities: Built-in Features, Crown Molding, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters, Sunken Living Room, Wired for Sound
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Breakfast Nook, In Kitchen, In Living Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Master Retreat, Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.59
  • Room Type: Bonus Room, Family Room, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Window Features: Custom Covering, Double Pane Windows, Plantation Shutters, Screens, Solar Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Master Bath, Exhaust Fan(s), Remodeled, Separate Tub And Shower, Soaking Tub, Stone Counters, Upgraded, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private, Lighting
  • Fence: Yes
  • Fencing: Good Condition
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Concrete, Stone, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 3
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Front, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Double Oven, ENERGY STAR Qualified Appliances, Freezer, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Water Line to Refrigerator, Water Purifier, Water Softener
  • Heating Type: Central
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Name: The Point at Newport Ridge Assoc.
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
  • Association Management: Keystone Pacific

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Coast
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Newport Coast
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: NEWCOA
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Lot 6500-9999, Sprinkler System, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 7975.00
  • Lot Size Acres: 0.1831

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 7975.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener

Tax Info

  • Tax Census Tract: 626.45
  • Tax Lot: 21
  • Tax Tract Number: 14712

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2017
Closed on
Oct 2, 2017
Sold by
Lamm James R and Lamm Patricla J
Bought by
Waterford Falls Llc
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Linda Hahn
RE/MAX TerraSol
List Price
$2,488,000
Sold Price
$2,488,000
Current Estimated Value
$5,267,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,779,812
Avg. Annual Appreciation
7.94%

Purchase Details

Closed on
Jun 22, 2009
Sold by
Lamm James R and Lamm Patricia J
Bought by
Lamm James R and Lamm Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2009
Sold by
Morris James D and Morris Kai A
Bought by
Lamm James R and Lamm Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 4, 2001
Sold by
Dalton Richard and Dalton Carol
Bought by
Morris James D and Morris Kai A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$834,375
Interest Rate
6.12%

Purchase Details

Closed on
Jan 24, 1994
Sold by
Standard Pacific Corp
Bought by
Dalton Richard and Dalton Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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
Waterford Falls Llc $2,488,000 Ticor Title
Lamm James R -- Accommodation
Lamm James R $1,900,000 California Title Company
Morris James D $1,112,500 North American Title Co
Dalton Richard $650,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamm James R $1,538,000
Previous Owner Lamm James R $100,000
Previous Owner Lamm James R $1,648,500
Previous Owner Lamm James R $190,000
Previous Owner Lamm James R $1,520,000
Previous Owner Morris James D $755,000
Previous Owner Morris James D $250,000
Previous Owner Morris James D $808,000
Previous Owner Morris James D $820,000
Previous Owner Morris James D $80,000
Previous Owner Morris James D $75,000
Previous Owner Morris James D $834,375
Previous Owner Dalton Richard $641,500
Previous Owner Dalton Richard $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2021 06/21/21 Rented $12,000 0.0% --
06/18/2021 06/18/21 For Rent $12,000 0.0% --
10/27/2017 10/27/17 Sold $2,488,000 0.0% $744 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $2,488,000 -- $744 / 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 $29,837 $2,830,917 $2,234,956 $595,961
2024 $29,837 $2,775,409 $2,191,133 $584,276
2023 $29,225 $2,720,990 $2,148,170 $572,820
2022 $28,743 $2,667,638 $2,106,049 $561,589
2021 $26,333 $2,615,332 $2,064,754 $550,578
2020 $27,987 $2,588,515 $2,043,582 $544,933
2019 $27,547 $2,537,760 $2,003,511 $534,249
2018 $27,002 $2,488,000 $1,964,226 $523,774
2017 $22,843 $2,108,204 $1,470,574 $637,630
2016 $22,173 $2,066,867 $1,441,739 $625,128
2015 $21,967 $2,035,821 $1,420,083 $615,738
2014 $22,195 $1,995,943 $1,392,266 $603,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21132720

California Regional Multiple Listing Service (CRMLS)

APN: 461-211-53