NOT LISTED FOR SALE

Estimated Value: $7,295,000 - $8,263,521

7 Beds
7.5 Baths
5,100 Sq Ft
$1,529/Sq Ft Est. Value

Last Sold December 12, 2012

Last sale price $3,112,500 $610 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $44,569/month

36 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Filtered Pool
  • Newport Coast Elementary School Rated A
  • Gated with Attendant
  • Primary Bedroom Suite

About This Home

As of December 2012

Unquestionably the finest ocean views and location in prestigious guard gated Pacific Ridge. With spectacular unobstructed front row ocean and canyon views, this sensational estate offers the ultimate in privacy, luxury and coastal living. Enter through the gallery loggia and stone courtyard into this inviting home with 2 story colonnade, formal living and dining rooms, 7 bedrooms with ensuite baths and gourmet kitchen opening to family and morning rooms. Top of the line appliances including double Sub Zero refrigerator and vertical wine unit, Wolf range and ovens, upgraded espresso cabinets and custom slate backslash. Other amenities include separate guest Casita with fireplace, chiseled travertine and Richard Marshall hardwood floors and marble bathrooms throughout. The luxurious master suite with soaring ceiling offers a retreat, opulent marble master bathroom and covered verandah with cozy fireplace. The outdoor oasis features salt water pool with swim jets, spa, firepit and bar.

Last Agent to Sell the Property

Dean Lueck

Compass License #01752859 Listed on: 09/30/2012

Compass

Co-Listed By

Terry Karges

First Team Real Estate License #01384146

Last Buyer's Agent

Raed Ali

Real Estate Ebroker Inc License #01859183

Real Estate Ebroker Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 8,568 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Panoramic
  • Bluff
  • Canyon
  • Mountain
  • Hills

Home Design

  • Brick Exterior Construction
  • Spanish Tile Roof
  • Clay Roof

Interior Spaces

  • 5,100 Sq Ft Home
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Electric Fireplace
  • Gas Fireplace
  • Plantation Shutters
  • Casement Windows
  • French Doors
  • Formal Entry
  • Open Floorplan
  • Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven or Range
  • Cooktop with Range Hood
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Pool

  • Filtered Pool
  • Solar Heated In Ground Pool
  • Exercise
  • Fence Around Pool
  • In Ground Spa
  • Solar Heated Spa

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Fire Pit

Additional Homes

  • Guest House
  • Fireplace in Guest House

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 15811
  • Assessor Parcel Number 47725335

Community Details

Overview

  • Property has a Home Owners Association
  • Built by Shea

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Pool

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Fire Sprinkler System, Fire and Smoke Detection System, Gated with Guard
  • Subdivision Name Other: Costa Azul
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47725335
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5100.00
  • Interior Amenities: Balcony, Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook, In Family Room, Dining Room, In Living Room
  • Fireplace Features: Electric, Fire Pit, Gas, Guest House, Masonry, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 610.29
  • Room Type: Den, Family Room, Formal Entry, Foyer, Main Floor Bedroom, Master Suite, Walk-In Pantry, Separate Family Room
  • Spa Features: In Ground, Private, Solar Heated
  • Window Features: Casement Windows, Plantation Shutters, Shutters
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House
  • View: Canyon, Hills, Mountain(s), Ocean, Panoramic, Water
  • Fence: No
  • Builder Name: Shea
  • Patio And Porch Features: Deck, Enclosed, Stone
  • Pool Features: Exercise Pool, Fenced, Filtered, Heated, In Ground, Private, Solar Heat
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In, Double Oven, Dishwasher, Gas Cooking, Range Hood, Ice Maker, Range, Refrigerator, Cooktop
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside, Individual Room, Upper Level
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Clubhouse Paid, Pool, Security
  • Association Fee: 425.00
  • Phone: 999-999-9999
  • Senior Community: No

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Bluff, Cul-De-Sac, Level
  • Lot Size Sq Ft: 8568.00
  • Lot Size Acres: 0.1970

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8568.0000 Square Feet

Tax Info

  • Tax Lot: 39
  • Tax Tract Number: 15811

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2012
Closed on
Dec 3, 2012
Sold by
Abouhossein Yeganeh
Bought by
Ali Raed Majied and Ali Shatha Nazar
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Raed Ali
Real Estate Ebroker Inc
List Price
$3,795,000
Sold Price
$3,112,500
Premium/Discount to List
-$682,500
-17.98%
Current Estimated Value
$7,799,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,686,674
Avg. Annual Appreciation
7.29%
Original Mortgage
$2,490,000
Outstanding Balance
$1,723,538
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$6,075,636

Purchase Details

Closed on
Aug 7, 2012
Sold by
Habibion Massoud
Bought by
Abouhossein Yeganeh

Purchase Details

Closed on
Nov 28, 2007
Sold by
Habibion Massoud and Abouhossein Yeganeh
Bought by
Habibion Massoud and Abouhossein Yeganeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,831,250
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2007
Sold by
Shea Homes Lp
Bought by
Habibion Massoud and Abouhossein Yeganeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,831,250
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ali Raed Majied $3,112,500 Wfg Title Insurance Company
Abouhossein Yeganeh -- None Available
Habibion Massoud -- None Available
Habibion Massoud -- None Available
Habibion Massoud $3,775,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ali Raed Majied $2,490,000
Previous Owner Habibion Massoud $2,831,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2012 12/12/12 Sold $3,112,500 -11.0% $610 / Sq Ft
10/23/2012 10/23/12 Price Changed $3,499,000 -7.8% $686 / Sq Ft
09/30/2012 09/30/12 For Sale $3,795,000 -- $744 / 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 $45,923 $3,859,853 $2,486,812 $1,373,041
2024 $45,923 $3,784,170 $2,438,051 $1,346,119
2023 $45,042 $3,709,971 $2,390,246 $1,319,725
2022 $43,856 $3,637,227 $2,343,378 $1,293,849
2021 $43,177 $3,565,909 $2,297,429 $1,268,480
2020 $43,117 $3,529,345 $2,273,871 $1,255,474
2019 $43,042 $3,460,143 $2,229,286 $1,230,857
2018 $42,311 $3,392,298 $2,185,575 $1,206,723
2017 $42,735 $3,325,783 $2,142,721 $1,183,062
2016 $40,990 $3,260,572 $2,100,707 $1,159,865
2015 $39,790 $3,211,596 $2,069,153 $1,142,443
2014 $38,679 $3,126,630 $2,028,621 $1,098,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S713451

California Regional Multiple Listing Service (CRMLS)

APN: 477-253-35