NOT LISTED FOR SALE

57 Vernal Spring Irvine, CA 92603

Shady Canyon Neighborhood

Estimated Value: $8,818,000 - $9,060,000

5 Beds
6.5 Baths
6,600 Sq Ft
$1,356/Sq Ft Est. Value

Last Sold March 13, 2014

Last sale price $4,638,000 $703 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $52,991/month

102 Days on Market

Highlights

  • Guest House
  • On Golf Course
  • Home Theater
  • Rancho San Joaquin Middle School Rated A
  • Gated with Attendant
  • Private Pool

About This Home

As of March 2014

This sublime estate graces a large, very private lot in the rarely available, exclusive Masters Collection enclave in Shady Canyon. Situated on an exceptional cul-de-sac street, the residence revels in beautiful views from its romantic hillside setting, which is evocative of Tuscany. Alluring Tuscan architecture draws you in immediately to this highly customized 5 bedrooms and 6.5 baths home, arranged in a master wing with an optional exercise room, a wing with media room and a guest living suite with separate entrance. Exceptional quality in design elements & materials include custom drapery & rods, Walnut wood flooring, slab countertops, wood beams and numerous furniture-grade built-ins. The extensive, very private grounds with beautiful trees also encompass a large saltwater pool and spa, pool pavilion, an outdoor kitchen and separate grass area. The residence also incorporates a large motorcourt, fully finished garaging for 3-cars with built-in storage and whole-house water softener system. Advanced technology amenities include Creston whole-house audio, Panasonic digital phone system, high-speed networking wired and wireless, surround sound, security cameras, and custom entertainment cabinet with television and projector screen.

Last Agent to Sell the Property

Jacqueline Thompson

Coldwell Banker Realty License #01476106 Listed on: 11/21/2013

Coldwell Banker Realty

Last Buyer's Agent

Sandy Lin

Junda Realty License #01065488

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $66,330

Year Built

  • Built in 2005

Lot Details

  • 0.55 Acre Lot
  • On Golf Course
  • Cul-De-Sac
  • Wrought Iron Fence

HOA Fees

  • $635 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Driveway
  • Auto Driveway Gate
  • On-Street Parking

Property Views

  • Panoramic
  • City Lights
  • Canyon

Home Design

  • Planned Development
  • Tile Roof
  • Concrete Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,600 Sq Ft Home
  • Crown Molding
  • Recessed Lighting
  • Wood Burning Fireplace
  • Electric Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Wood Frame Window
  • French Doors
  • Great Room with Fireplace
  • Dining Room with Fireplace
  • Home Theater
  • Bonus Room
  • Home Gym
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Convection Oven
  • Gas Cooktop
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Gazebo
  • Outdoor Grill

Additional Homes

  • Guest House
  • Fireplace in Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 16436
  • Assessor Parcel Number 48114204

Community Details

Overview

  • Association Phone (949) 833-2600
  • Built by John Laing Luxury Homes
  • Property is near a preserve or public land

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$66,330

Year Built

Built in 2005

Lot Details

0

HOA Fees

$635 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Automatic Gate, Fire Sprinkler System, Fire and Smoke Detection System, Gated with Guard
  • Subdivision Name Other: Master's Collection (SHMC)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 48114204
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6600.00
  • Interior Amenities: Balcony, Crown Molding, Granite Counters, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Dining Room, Electric, Guest House, Great Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 702.73
  • Room Type: Bonus Room, Great Room, Exercise Room, Media Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Home Theatre
  • Spa Features: Association, Private
  • Window Features: Drapes, Double Pane Windows, Wood Frames
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House, Gazebo
  • Exterior Features: Barbecue Private
  • View: City Lights, Canyon, Panoramic
  • Fence: Yes
  • Fencing: Wrought Iron
  • Builder Name: John Laing Luxury Homes
  • Patio And Porch Features: Covered, Porch, Patio
  • Pool Features: Association, Private
  • Pool Private: Yes
  • Roof: Concrete, Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking Features: Auto Driveway Gate, Driveway, Direct Garage Access, Gated, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Convection Oven, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Gas Cooktop, Ice Maker, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee: 635.00
  • Association Fee Frequency: Monthly
  • Phone: 949-833-2600
  • Senior Community: No
  • Community Features: Preserve/Public Land, Storm Drains

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Cul-De-Sac, On Golf Course, Planned Unit Development
  • Lot Size Sq Ft: 24128.00
  • Lot Size Acres: 0.5540

Multi Family

  • Lease Considered: No
  • Lot Size Area: 24128.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 16436

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2013
Closed on
Mar 8, 2014
Sold by
Xu Li Dan and Dan Xu Li
Bought by
Xu Li Dan and Chen Jian Fei
Seller's Agent
Jacqueline Thompson
Coldwell Banker Realty
Buyer's Agent
Sandy Lin
Junda Realty
List Price
$4,695,000
Sold Price
$4,638,000
Premium/Discount to List
-$57,000
-1.21%
Current Estimated Value
$8,946,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,308,725
Avg. Annual Appreciation
5.81%

Purchase Details

Listed on
Nov 21, 2013
Closed on
Feb 27, 2014
Sold by
57 Vernal Spring Llc
Bought by
Dan Xu Li
Seller's Agent
Jacqueline Thompson
Coldwell Banker Realty
Buyer's Agent
Sandy Lin
Junda Realty
List Price
$4,695,000
Sold Price
$4,638,000
Premium/Discount to List
-$57,000
-1.21%

Purchase Details

Closed on
Feb 5, 2010
Sold by
Meyers Criag M and Meyers Francine
Bought by
57 Vernal Spring Llc

Purchase Details

Closed on
Apr 5, 2005
Sold by
Wl Homes Llc
Bought by
Meyers Craig M and Meyers Francine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,340,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
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
Xu Li Dan -- Accommodation
Dan Xu Li $4,638,000 Lawyers Title
57 Vernal Spring Llc $3,900,000 Multiple
Meyers Craig M $3,875,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyers Craig M $2,340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2014 03/13/14 Sold $4,638,000 -1.2% $703 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
11/21/2013 11/21/13 For Sale $4,695,000 -- $711 / 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 $66,330 $5,685,550 $3,484,547 $2,201,003
2024 $66,330 $5,574,069 $3,416,222 $2,157,847
2023 $64,927 $5,464,774 $3,349,237 $2,115,537
2022 $63,800 $5,357,622 $3,283,566 $2,074,056
2021 $62,666 $5,252,571 $3,219,182 $2,033,389
2020 $61,902 $5,198,713 $3,186,173 $2,012,540
2019 $60,811 $5,096,778 $3,123,699 $1,973,079
2018 $59,729 $4,996,842 $3,062,450 $1,934,392
2017 $58,715 $4,898,865 $3,002,402 $1,896,463
2016 $57,668 $4,802,809 $2,943,531 $1,859,278
2015 $56,833 $4,730,667 $2,899,317 $1,831,350
2014 $50,761 $4,106,672 $2,326,043 $1,780,629
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Thompson

    Seller's Agent in 2014

    Jacqueline Thompson

    Coldwell Banker Realty

    (949) 326-3392

    54 in this area

    111 Total Sales

    Jacqueline Thompson
    Section Image

  • S

    Buyer's Agent in 2014

    Sandy Lin

    Junda Realty

    (626) 606-1193

    19 Total Sales

    Sandy Lin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13236031

California Regional Multiple Listing Service (CRMLS)

APN: 481-142-04

California Orange County Irvine 92603 Shady Canyon

57 Vernal Spring, Irvine, CA

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