Seller's Agent in 2018
Jim Watson
Real Broker
(714) 342-4040
49 in this area
104 Total Sales
55 Summer House Irvine, CA 92603
Turtle Ridge NeighborhoodEstimated Value: $5,923,000 - $6,505,000
5
Beds
4.5
Baths
4,550
Sq Ft
$1,367/Sq Ft
Est. Value
Highlights
- Ocean View
- Attached Guest House
- Wine Cellar
- Vista Verde Rated A+
- Fitness Center
- Heated In Ground Pool
About This Home
As of July 2018Tucked in the ever-exclusive guard gated community of The Summit at Turtle Ridge, this estate boasts beautiful ocean and city light views accompanying an abundance of luxurious upgrades. 55 Summer House features over 4,500 square feet of living space showcasing five generous bedrooms, four and one-half bathrooms, a private casita and four-car garage. Opulent interior upgrades include, custom built-ins throughout, temp controlled wine room with capacity for over 600 bottles, dry & wet sauna’s, custom closets, heated towel racks and beautiful hand painted walls throughout. Positioned on a sizable lot spanning over 10,300 square feet you’ll find a resort atmosphere in your own back yard. Enjoy two covered outdoor entertaining areas equipped with built in barbecue, overhead heating, saltwater pool, oversized spa and much more. With convenient proximity to award-winning Vista Verde Elementary, renowned University High and a wealth of community amenities, including two resort-style pools, spas, cabanas for lounging, playgrounds, clubhouse, theater and trails, this home is one that must be experienced to be appreciated.
Home Details
Home Type
- Single Family
Year Built
- Built in 2004
Lot Details
- 10,384 Sq Ft Lot
- Landscaped
- Level Lot
- Sprinkler System
- Private Yard
- Back and Front Yard
HOA Fees
- $478 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- 4 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Side Facing Garage
Property Views
- Ocean
- Coastline
- Bay
- Catalina
- Panoramic
- City Lights
- Woods
- Canyon
- Hills
- Valley
Home Design
- Mediterranean Architecture
- Turnkey
- Slab Foundation
- Spanish Tile Roof
Interior Spaces
- 4,550 Sq Ft Home
- Wired For Sound
- Wired For Data
- Dry Bar
- Cathedral Ceiling
- Recessed Lighting
- Formal Entry
- Wine Cellar
- Family Room with Fireplace
- Great Room
- Living Room with Fireplace
- Dining Room
- Loft
- Bonus Room
- Sauna
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Six Burner Stove
- Freezer
- Kitchen Island
- Granite Countertops
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Remodeled Bathroom
- Jack-and-Jill Bathroom
- Heated Floor in Bathroom
- Granite Bathroom Countertops
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Separate Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry on upper level
Pool
- Heated In Ground Pool
- Saltwater Pool
- Waterfall Pool Feature
- In Ground Spa
Outdoor Features
- Balcony
- Covered Patio or Porch
- Arizona Room
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Schools
- Vista Verde Elementary And Middle School
- University High School
Utilities
- Two cooling system units
- Central Heating and Cooling System
Additional Features
- Attached Guest House
- Property is near clubhouse
Listing and Financial Details
- Tax Lot 9
- Tax Tract Number 15949
- Assessor Parcel Number 47843214
Community Details
Overview
- The Summit At Turtle Ridge Association, Phone Number (949) 854-1373
- Built by Standard Pacific
- Maintained Community
Amenities
- Outdoor Cooking Area
- Community Fire Pit
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Banquet Facilities
- Meeting Room
- Card Room
- Recreation Room
Recreation
- Community Playground
- Fitness Center
- Community Pool
- Community Spa
- Hiking Trails
- Bike Trail
Security
- Security Guard
- Resident Manager or Management On Site
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2018
Closed on
Jun 26, 2018
Sold by
Gillis Michael D and Gillis Maribeth
Bought by
Wang Ji and Dai Xiang
Seller's Agent
Jim Watson
Real Broker
Buyer's Agent
Victor Tang
SoCal Realty & Investment, Inc
List Price
$3,658,000
Sold Price
$3,555,000
Premium/Discount to List
-$103,000
-2.82%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,534,490
Avg. Annual Appreciation
7.73%
Purchase Details
Closed on
Oct 13, 2004
Sold by
Standard Pacific Corp
Bought by
Gillis Michael D and Gillis Maribeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,596,750
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wang Ji | $3,555,000 | California Title Co | |
| Gillis Michael D | $2,131,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gillis Michael D | $1,596,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2018 07/09/18 | Sold | $3,555,000 | -2.8% | $781 / Sq Ft |
| 07/01/2018 07/01/18 | Pending | -- | -- | -- |
| 06/15/2018 06/15/18 | For Sale | $3,658,000 | -- | $804 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $45,145 | $3,965,668 | $2,864,542 | $1,101,126 |
| 2024 | $45,145 | $3,887,910 | $2,808,374 | $1,079,536 |
| 2023 | $44,173 | $3,811,677 | $2,753,308 | $1,058,369 |
| 2022 | $43,378 | $3,736,939 | $2,699,322 | $1,037,617 |
| 2021 | $42,586 | $3,663,666 | $2,646,394 | $1,017,272 |
| 2020 | $42,083 | $3,626,100 | $2,619,258 | $1,006,842 |
| 2019 | $41,324 | $3,555,000 | $2,567,900 | $987,100 |
| 2018 | $32,215 | $2,671,040 | $1,852,889 | $818,151 |
| 2017 | $31,669 | $2,618,667 | $1,816,558 | $802,109 |
| 2016 | $31,106 | $2,567,321 | $1,780,939 | $786,382 |
| 2015 | $30,602 | $2,528,758 | $1,754,188 | $774,570 |
| 2014 | $30,292 | $2,479,224 | $1,719,826 | $759,398 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Watson
-
Tom Springer
T
Seller Co-Listing Agent in 2018
Tom Springer
Real Broker
(949) 842-6296
21 in this area
41 Total Sales
-
Victor Tang
V
Buyer's Agent in 2018
Victor Tang
SoCal Realty & Investment, Inc
(949) 278-6682
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18141323
APN: 478-432-14
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