NOT LISTED FOR SALE

Estimated Value: $3,171,000

5 Beds
9 Baths
12,000 Sq Ft
$264/Sq Ft Est. Value

Last Sold July 20, 2016

Last sale price $13,800,000 $1,150 Per Sq Ft

Current estimated payment $20,861/month

271 Days on Market

Highlights

  • Ocean View
  • 24-Hour Security
  • In Ground Pool
  • Newport Coast Elementary School Rated A
  • Home Theater
  • Primary Bedroom Suite

About This Home

As of July 2016

DON'T BUY ANOTHER HOUSE UNTIL YOU HAVE SEEN THIS ONE! Nestled behind iron gates on an unmatched oversized lot, the timeless Old World elegance of this estate is evident from the moment you walk in. The main floor features a handsome wood paneled library with wet bar, huge great room with distressed walnut floors, imported antique fireplace, and impressive ocean views that are shared with the adjoining formal living room. There is also an elevator that services all three floors of this grand estate. The entertainment level lends endless opportunities for you and your guests featuring a voluminous theater complete with a 12'screen, an immense game room, bar with adjacent outdoor courtyard, and a fully mirrored gym. The upper level is home to 3 large bedroom suites complete with walk in closets, full baths, the glorious Master Suite with his and hers bathrooms and closets, heated floors, and over 1000 sq ft of decks with commanding views of Newport Harbor, Catalina, mountain and city lights all the way to Palos Verde and beyond. No showings until after August 1st

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 07/14/2015

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Lisa Zhou

Legacy Capital Investment Group License #01924981

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $168,852

Year Built

  • Built in 2004

Lot Details

  • 0.61

HOA Fees

  • $878 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Parking Available
  • Circular Driveway

Property Views

  • Ocean
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • City Lights

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof

Interior Spaces

  • 12,000 Sq Ft Home
  • Central Vacuum
  • Dual Staircase
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • Coffered Ceiling
  • Entrance Foyer
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Library with Fireplace
  • Home Gym
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Walk-In Pantry
  • Kitchen Island
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters
  • Bidet

Home Security

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

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • Accessible Elevator Installed
  • Balcony
  • 0.61 Acre Lot
  • Suburban Location
  • Forced Air Zoned Heating and Cooling System

Community Details

  • Laundry Facilities
  • 24-Hour Security

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 15105
  • Assessor Parcel Number 47308326

Home Details

Home Type

Single Family

Est. Annual Taxes

$168,852

Year Built

Built in 2004

Lot Details

0

HOA Fees

$878 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Fire Sprinkler System, Fire and Smoke Detection System, Gated Community, Gated with Guard, Security System
  • Subdivision Name Other: Pelican Crest (NCPC)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47308326
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 12000.00
  • Interior Amenities: 2 Staircases, Bar, Built-in Features, Balcony, Coffered Ceiling(s), Wired for Data, Elevator, Pantry, Stone Counters, Wired for Sound, Vacuum Central
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 7
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Eating Area: Breakfast Nook, Dining Room
  • Fireplace Features: Library, Living Room, Master Bedroom
  • Levels: Three Or More
  • Price Per Square Foot: 1150.00
  • Room Type: Foyer, Guest/Maid's Quarters, Great Room, Exercise Room, Library, Master Bedroom, Media Room, Master Suite, Walk-In Pantry, Walk-In Closet, Retreat, Home Theatre
  • Spa Features: In Ground
  • Bathroom Features: Bidet
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • View: Bay, Catalina, City Lights, Coastline, Harbor, Ocean
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Circular Driveway, Subterranean
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Zoned
  • Laundry Features: Common Area, Individual Room
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 878.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 26588.00
  • Price Per Lot Square Foot: 519.03
  • Lot Size Acres: 0.6100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 26588.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 15105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2016
Sold by
Dobkin William Ross and Dobkin Donya Marie
Bought by
Guo Jianfeng and Bi Liping
Current Estimated Value
$3,171,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 17, 2012
Sold by
Dobkin William Ross and Dobkin Donya Marie
Bought by
Dobkin William Ross and Dobkin Donya Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,334,620
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2011
Sold by
Dobkin William R
Bought by
Dobkin William Ross and Dobkin Donya Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,786,225
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2007
Sold by
Dobkin Donya
Bought by
Dobkin William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,066,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2004
Sold by
Rtm Holdings Lot 9 Llc
Bought by
Dobkin William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 1997
Sold by
Pelican Crest Community Assn
Bought by
Irvine Community Development Company
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
Guo Jianfeng $13,800,000 Lawyers Title
Dobkin William Ross -- Fidelity National Title Co
Dobkin William Ross -- Chicago Title Company
Dobkin William R -- Commonwealth Land Title Co
Dobkin William R -- Equity Title Company
Irvine Community Development Company -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guo Jianfeng $5,000,000
Previous Owner Dobkin William Ross $4,334,620
Previous Owner Dobkin William Ross $8,786,225
Previous Owner Dobkin William R $7,066,000
Previous Owner Dobkin William R $7,000,000
Closed Dobkin William R $2,760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2016 07/20/16 Sold $13,800,000 -16.3% $1,150 / Sq Ft
04/10/2016 04/10/16 Pending -- -- --
02/27/2016 02/27/16 Price Changed $16,495,000 -2.4% $1,375 / Sq Ft
07/14/2015 07/14/15 For Sale $16,900,000 -- $1,408 / 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 $168,852 $16,016,084 $12,077,539 $3,938,545
2024 $168,852 $15,702,044 $11,840,725 $3,861,319
2023 $165,011 $15,394,161 $11,608,554 $3,785,607
2022 $162,291 $15,092,315 $11,380,935 $3,711,380
2021 $158,552 $14,796,388 $11,157,780 $3,638,608
2020 $157,746 $14,644,670 $11,043,371 $3,601,299
2019 $154,629 $14,357,520 $10,826,834 $3,530,686
2018 $151,540 $14,076,000 $10,614,543 $3,461,457
2017 $149,638 $13,800,000 $10,406,414 $3,393,586
2016 $159,328 $14,365,476 $11,725,122 $2,640,354
2015 $157,861 $14,149,694 $11,549,000 $2,600,694
2014 $154,159 $13,872,522 $11,322,772 $2,549,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15153667

California Regional Multiple Listing Service (CRMLS)

APN: 473-083-26