NOT LISTED FOR SALE

Estimated Value: $4,173,000 - $5,394,000

4 Beds
4 Baths
3,800 Sq Ft
$1,288/Sq Ft Est. Value

Last Sold July 09, 2014

Last sale price $2,069,450 $545 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $28,220/month

Highlights

  • Updated Kitchen
  • Maid or Guest Quarters
  • Granite Countertops
  • Newport Heights Elementary Rated A
  • Contemporary Architecture
  • No HOA

About This Home

As of May 2020

A true contemporary home in the heart of Newport Heights! This timeless home features concrete floors, storefront windows and doors, exposed wood beams, floor-to-ceiling windows, pivot-hinge doors, sleek mahogany veneer cabinets and built-ins, art niches, and more. In the main house, there are three bedrooms and an addition loft space. It also features a studio with a full bath above the garage with its own separate entrance. The home is located on one of the most picturesque flat blocks of Newport Heights and a true masterpiece.

Last Agent to Rent the Property

Annie Clougherty

Compass License #01716801 Listed on: 03/16/2020

Compass

Last Renter's Agent

Annie Clougherty

Compass License #01716801 Listed on: 03/16/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,977

Year Built

  • Built in 1993

Lot Details

  • 6,375 Sq Ft Lot
  • Back and Front Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Concrete Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Concrete Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Newport Heights Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Additional Features

  • Fireplace in Patio
  • Zoned Cooling

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $12,000
  • Rent includes gardener, trash collection
  • 12-Month Minimum Lease Term
  • Available 3/16/20
  • Legal Lot and Block 19 / 30
  • Tax Tract Number 256
  • Assessor Parcel Number 42509218

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,977

Year Built

Built in 1993

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2020-03-16
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 12000
  • Furnished: Unfurnished

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: No
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42509218
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3800.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Concrete
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Family Room, Patio
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2.11
  • Room Type: All Bedrooms Up, Guest/Maid's Quarters
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Pool Private: No
  • Roof: Concrete
  • Construction Materials: Concrete

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport Heights
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport Heights
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWHEI
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6375.00
  • Lot Size Acres: 0.1463

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6375.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener, Trash Collection

Tax Info

  • Tax Block: 30
  • Tax Census Tract: 634.00
  • Tax Lot: 19
  • Tax Tract Number: 256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2015
Sold by
Schulman Michael Ashley
Bought by
Schulman Michael Ashley and The Michael Ashely Schulman Trust
Current Estimated Value
$4,895,068

Purchase Details

Listed on
May 28, 2014
Closed on
Jun 11, 2014
Sold by
Penewell Robert and Penewell Renee
Bought by
Schulman Michael Ashley
Seller's Agent
Manny Stellino
Surterre Properties Inc.
Buyer's Agent
Jamie Blakely
Compass
List Price
$1,995,000
Sold Price
$2,069,450
Premium/Discount to List
$74,450
3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$1,290,000
Outstanding Balance
$976,380
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$3,918,688

Purchase Details

Closed on
Nov 12, 1997
Sold by
Deliscu Bruce
Bought by
Deliscu Allyson Ayres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,600
Interest Rate
7.25%

Purchase Details

Closed on
Nov 9, 1997
Sold by
Deliscu Allyson Ayres
Bought by
Deliscu Bruce R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,600
Interest Rate
7.25%

Purchase Details

Closed on
Nov 7, 1997
Sold by
Allyson Ayres and Ayres Allyson Ayres
Bought by
Penewell Robert and Penewell Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,600
Interest Rate
7.25%
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
Schulman Michael Ashley -- None Available
Schulman Michael Ashley $2,069,500 Equity Title Company
Deliscu Allyson Ayres -- First American Title Ins Co
Deliscu Bruce R -- Stewart Title
Penewell Robert $737,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schulman Michael Ashley $1,290,000
Previous Owner Penewell Robert $589,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2020 05/06/20 Rented $8,000 0.0% --
04/28/2020 04/28/20 Under Contract -- -- --
03/31/2020 03/31/20 Price Changed $8,000 -8.6% $2 / Sq Ft
03/16/2020 03/16/20 For Rent $8,750 0.0% --
07/09/2014 07/09/14 Sold $2,069,450 +3.7% $545 / Sq Ft View Prior Sale
06/09/2014 06/09/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $1,995,000 -- $525 / 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 $25,977 $2,487,165 $2,053,672 $433,493
2024 $25,977 $2,438,398 $2,013,404 $424,994
2023 $25,367 $2,390,587 $1,973,926 $416,661
2022 $24,945 $2,343,713 $1,935,221 $408,492
2021 $24,466 $2,297,758 $1,897,275 $400,483
2020 $24,230 $2,274,198 $1,877,821 $396,377
2019 $23,727 $2,229,606 $1,841,001 $388,605
2018 $23,253 $2,185,889 $1,804,903 $380,986
2017 $22,840 $2,143,029 $1,769,513 $373,516
2016 $22,325 $2,101,009 $1,734,816 $366,193
2015 $22,114 $2,069,450 $1,708,757 $360,693
2014 $10,427 $959,991 $627,326 $332,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20041421

California Regional Multiple Listing Service (CRMLS)

APN: 425-092-18