NOT LISTED FOR SALE

Estimated Value: $8,322,000 - $23,319,674

5 Beds
8 Baths
7,581 Sq Ft
$2,087/Sq Ft Est. Value

Last Sold April 26, 2023

Last sale price $22,500,000 $2,968 Per Sq Ft

Est. 30% decrease in value since last sale

Current estimated payment $111,126/month

126 Days on Market

Highlights

  • Ocean Front
  • Home Theater
  • New Construction
  • Bird Rock Elementary School Rated A
  • Solar Heated Pool and Spa
  • Rooftop Deck

About This Home

As of April 2023

Newly Priced!! Captivating waterfront view, with striking modern design and uncompromised luxury combined in this new 5BD, 5 full BA + 3 half BA, 8,878-sf property, known as the ORA House. From the award-winning firm, Blue Heron, known for biophilic design, the brilliant integration of natural elements and indoor-outdoor living create harmony with the surrounding oceanside environment Restorative and inviting, the ORA house exemplifies what is possible when world-class designers unleash their creativity on the scenic jewel of La Jolla. Blue Heron, a nationally recognized and award-winning visionary and experiential firm, has designed and developed its second unmatched custom home in La Jolla. The contemporary and sustainable home design provides a unique setting with a view looking south to Crystal Pier, Point Loma, and the Coronado Islands and west to the sunset. 5228 Chelsea, "The ORA House", provides an unmatched modern living experience with a design that has maximized utilization of the lot and vertical space. The home offers a dramatic entry over a floating bridge leading to to an expansive ocean view, led by fire and a pool spilling down two water walls into multiple vertical voids over the lower living area and entering an all gas foyer where the beach pebbles flow inside to dissolve indoor / outdoor boundaries. The master suite has been purposely laid out wide to maximize the sublime views with glass at the vanity and beyond the bed wall to allow for ocean views from every angle, and includes a private heated balcony, oversized master closet with laundry and a gorgeous steam shower. A roof top entertainment space hosts magnificent 180-degree ocean views, and is complete with heaters, fire pit, BBQ, a wall of television screens and powder room.

Last Agent to Sell the Property

Deborah Greenspan

Pacific Sotheby's Int'l Realty License #01733274 Listed on: 11/20/2022

Pacific Sotheby's Int'l Realty

Co-Listed By

Brett Dickinson

Compass License #01714678

Last Buyer's Agent

Lee Kempis

Zip Realty Inc License #01734767

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $281,970

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 8,900 Sq Ft Lot
  • Ocean Front
  • Gated Home
  • Partially Fenced Property
  • Landscaped

Parking

  • 4 Car Attached Garage
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Automatic Gate

Property Views

  • White Water Ocean
  • Coastline
  • Panoramic
  • City Lights

Home Design

  • Turnkey
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 7,581 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Entryway
  • Family Room with Fireplace
  • 4 Fireplaces
  • Great Room
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Recreation Room
  • Bonus Room
  • Storage Room
  • Sauna
  • Tile Flooring

Kitchen

  • Walk-In Pantry
  • <<selfCleaningOvenToken>>
  • <<builtInRangeToken>>
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Dressing Area
  • Low Flow Toliet
  • Bathtub
  • Shower Only

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Security System Owned
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Solar Power System
  • Solar Water Heater
  • Sprinklers on Timer

Pool

  • Solar Heated Pool and Spa
  • Solar Heated In Ground Pool
  • Heated Spa
  • Solar Heated Spa
  • Waterfall Pool Feature
  • Pool Equipment or Cover

Outdoor Features

  • Rooftop Deck
  • Enclosed patio or porch
  • Outdoor Fireplace
  • Terrace
  • Outdoor Grill

Utilities

  • Zoned Cooling
  • High Efficiency Air Conditioning
  • Vented Exhaust Fan
  • Separate Water Meter

Community Details

  • Billiard Room

Listing and Financial Details

  • Assessor Parcel Number 415-062-10-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$281,970

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Sub Category: Detached
  • Residential Styles: Detached
  • Property Condition: New Construction, Turnkey
  • Market Area: Coastal South
  • Cross Street: Sea Ridge Drive
  • Neighborhood: Bird Rock Waterfront
  • Supplement: Blue Heron, a nationally recognized and award-winning visionary and experiential firm, has designed and developed its second unmatched custom home in La Jolla. The contemporary and sustainable home design provides a unique setting with a view looking south to Crystal Pier, Point Loma, and the Coronado Islands and west to the sunset. 5228 Chelsea, "The ORA House", provides an unmatched modern living experience with a design that has maximized utilization of the lot and vertical space. The home offers a dramatic entry over a floating bridge leading to to an expansive ocean view, led by fire and a pool spilling down two water walls into multiple vertical voids over the lower living area and entering an all gas foyer where the beach pebbles flow inside to dissolve indoor / outdoor boundaries. The master suite has been purposely laid out wide to maximize the sublime views with glass at the vanity and beyond the bed wall to allow for ocean views from every angle, and includes a private heated balcony, oversized master closet with laundry and a gorgeous steam shower. A roof top entertainment space hosts magnificent 180-degree ocean views, and is complete with heaters, fire pit, BBQ, a wall of television screens and powder room.
  • LP / Sq Ft: 3231.76
  • Miscellaneous: Elevators/Stairclimber
  • Price Per Sq Ft: 2967.95
  • SP/ Sq Ft: 2967.95
  • Stories: 3 Story
  • Ownership: Fee Simple
  • Total Stories: 3
  • Year Built: 2022
  • A D U Yes No: No
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Keyword1: 1
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bathtub, Built-Ins, High Ceilings (9 Feet+), Kitchen Island, Low Flow Toilet(s), Pantry, Recessed Lighting, Shower, Storage Space, Furnished
  • Flooring: Tile
  • Equipment Available: Dishwasher, Disposal, Dryer, Fire Sprinklers, Garage Door Opener, Pool/Spa/Equipment, Refrigerator, Solar Panels, Washer, Built In Range, Freezer, Range/Stove Hood, Self Cleaning Oven, Vented Exhaust Fan, Barbecue, Built-In, Counter Top, Gas Cooking
  • Elevator: Yes
  • Fireplaces: 4
  • Fireplace: Fp In Family Room, Patio/Outdoors, Gas, Outdoors
  • Searchable Rooms: Bedroom Entry Level, Bonus Room, Den, Dining Area, Dining Room/Separate, Family Room, Great Room, Master Bdrm 2, Master Retreat, Media/Music, Office, Sauna/Steam, Storage Room, Retreat, Kitchen, Master Bedroom, Recreation, Dressing Area, Entry, Laundry, Master Bathroom, Walk-In Closet, Walk-In Pantry
  • Total Bedrooms: 5
  • Bedrooms: 5
  • Master Bedroom Dimensions: 18x16
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Laundry Location: Closet Stacked, Laundry Room
  • Estimated Sq Ft: 7581
  • Total Bathrooms: 8

Exterior Features

  • Exterior Material: Stone, Wood, Glass
  • Fencing: Gate, Partial, New Condition
  • Frontage: Ocean/Bluff
  • Patio: Covered, Deck, Enclosed, Stone/Tile, Roof Top, Patio Open, Terrace
  • Pool: Below Ground, Private, Solar Heat, Heated, Waterfall
  • Pool Heat: Solar
  • Spa: Private w/Pool, Heated
  • Spa Heat: Solar
  • View: Ocean, Panoramic, Panoramic Ocean, Pool, Water, Coastline, White Water, City Lights

Garage/Parking

  • Garage Details: Attached, Underground, Garage, Garage - Front Entry, Garage - Two Door, Garage Door Opener
  • Garage Spaces: 4
  • Parking Spaces Total: 4

Utilities

  • Cooling: Central Forced Air, Zoned Area(s), High Efficiency
  • Laundry Utilities: Electric, Gas
  • Security: Automatic Gate, Eqpt Owned, Fire Sprinklers, Security System, Smoke Detector, Fire/Smoke Detection Sys
  • Sewer/Septic: Sewer Connected, Public Sewer
  • Water: Meter on Property
  • Water Heater Type: Solar
  • Heating: Forced Air Unit
  • Heating Fuel: Natural Gas, Solar
  • Telecommunications: Security

Condo/Co-op/Association

  • Community: LA JOLLA
  • Association Amenities: Billiard Room

Lot Info

  • Irrigation: Automatic, Drip
  • Lot Size: 7,500-10,889 SF
  • Site: Sidewalks, Landscaped
  • Assessor Parcel Number: 415-062-10-00
  • Estimated Lot Sq Ft: 8900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2022
Closed on
Apr 19, 2023
Sold by
5310C Llc
Bought by
Reza Amirrezvani Revocable Trust and Amirrezvanl
Seller's Agent
Deborah Greenspan
Pacific Sotheby's Int'l Realty
Buyer's Agent
Lee Kempis
Zip Realty Inc
List Price
$27,500,000
Sold Price
$22,500,000
Premium/Discount to List
-$5,000,000
-18.18%
Views
764
Current Estimated Value
$15,820,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,679,163
Avg. Annual Appreciation
-14.73%
Original Mortgage
$7,500,000
Outstanding Balance
$7,338,790
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$8,482,047

Purchase Details

Closed on
Apr 15, 2021
Sold by
5310C Llc
Bought by
Ben Yashar El Yachim

Purchase Details

Closed on
Dec 16, 2015
Sold by
Murphy Courtney Hammond
Bought by
5310C Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,570,000
Interest Rate
3.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 22, 2008
Sold by
Murphy John
Bought by
Murphy John and Murphy Courtney Hammond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2005
Sold by
Murphy John
Bought by
Murphy John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 29, 2005
Sold by
Murphy Robin Louise
Bought by
Murphy John

Purchase Details

Closed on
Mar 7, 2003
Sold by
Murphy John and Murphy Robin Louise
Bought by
Murphy John and Murphy Robin Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
5.79%

Purchase Details

Closed on
Oct 8, 2002
Sold by
Murphy John and Murphy Robin Louise
Bought by
Murphy John and Murphy Robin Louise

Purchase Details

Closed on
Sep 1, 1988
Source: Public Records

Range of Values:

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Average Value
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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
Reza Amirrezvani Revocable Trust $22,500,000 Chicago Title
Ben Yashar El Yachim $500 None Available
5310C Llc $4,675,000 Chicago Title Company
Murphy John -- Lsi
Murphy John -- Ticor Title Orange
Murphy John -- Ticor Title Orange
Murphy John -- Ticor Title Orange
Murphy John -- Chicago Title
Murphy John -- Chicago Title Co
Murphy John -- Chicago Title
-- $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reza Amirrezvani Revocable Tru $7,500,000
Previous Owner 5310C Llc $7,440,000
Previous Owner 5310C Llc $2,570,000
Previous Owner Murphy John $1,900,000
Previous Owner Murphy John $1,900,000
Previous Owner Murphy John $1,900,000
Previous Owner Murphy John $1,900,000
Previous Owner Murphy John $1,900,000
Previous Owner Murphy John $1,600,000
Previous Owner Murphy John $500,000
Previous Owner Murphy John $1,500,000
Previous Owner Murphy John $1,497,000
Previous Owner Murphy John $1,500,000
Previous Owner Murphy John $300,000
Previous Owner Murphy John $828,000
Previous Owner Murphy John $60,000
Previous Owner Murphy John $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $22,500,000 -8.2% $2,968 / Sq Ft
03/29/2023 03/29/23 Price Changed $24,500,000 +8.9% $3,232 / Sq Ft
03/29/2023 03/29/23 Price Changed $22,500,000 -8.2% $2,968 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $24,500,000 -10.9% $3,232 / Sq Ft
11/20/2022 11/20/22 For Sale $27,500,000 +488.2% $3,627 / Sq Ft
03/04/2016 03/04/16 Sold $4,675,000 0.0% $3,440 / Sq Ft
02/04/2016 02/04/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $4,675,000 -- $3,440 / Sq Ft
Source: San Diego MLS

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 $281,970 $22,950,000 $20,400,000 $2,550,000
2023 $93,298 $7,604,721 $5,177,121 $2,427,600
2022 $90,820 $6,985,619 $4,976,088 $2,009,531
2021 $86,199 $6,985,619 $4,976,088 $2,009,531
2020 $72,007 $5,845,065 $4,925,065 $920,000
2019 $59,603 $4,828,496 $4,828,496 $0
2018 $57,259 $4,863,870 $4,733,820 $130,050
2017 $55,891 $4,768,500 $4,641,000 $127,500
2016 $15,389 $1,307,815 $1,109,670 $198,145
2015 $15,168 $1,288,171 $1,093,002 $195,169
2014 $14,928 $1,262,938 $1,071,592 $191,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220028502

San Diego MLS

APN: 415-062-10