NOT LISTED FOR SALE

60 Vernal Spring Irvine, CA 92603

Shady Canyon Neighborhood

Estimated Value: $8,959,000 - $9,363,000

5 Beds
5.5 Baths
6,450 Sq Ft
$1,414/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $7,500,000 $1,163 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $55,819/month

7 Days on Market

Highlights

  • Wine Cellar
  • 24-Hour Security
  • Primary Bedroom Suite
  • Rancho San Joaquin Middle School Rated A
  • Spa
  • Panoramic View

About This Home

As of April 2023

Magnificent Estate. This semi-custom home is set in the most desirable and exclusive neighborhood in Irvine, Shady Canyon. A true showcase that spans nearly 6,500 square feet on approximately 22,000 square feet of flat lot with gorgeous panoramic and city light views, offered from every direction. Interior appointments include 5 bedroom suites (including two masters with retreats), cathedral vaulted ceilings, an open floor plan, formal dining room, entertainment and bonus rooms. The home features custom craft details with exquisite tile work. The family room offers breathtaking views and with an adjoined gourmet kitchen featuring top of line Wolf brand appliances. An entertainers delight, with exterior kitchen and resort quality grounds boasting a badminton court, putting green and exotic fruit trees. This home presents a rare opportunity for the discriminating buyer who demands the finest in style & luxury primed for lavish entertaining and ultimate privacy.

Last Agent to Sell the Property

Tina Lynne

RE/MAX Fine Homes License #01168642 Listed on: 03/01/2023

RE/MAX Fine Homes

Last Buyer's Agent

Fei Li

Keller Williams Legacy License #02075610

Keller Williams Legacy

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,852

Year Built

  • Built in 2005

Lot Details

  • 0.5 Acre Lot
  • Cul-De-Sac
  • Southeast Facing Home
  • Wrought Iron Fence
  • Stucco Fence
  • Fence is in excellent condition
  • Landscaped
  • Level Lot

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Driveway

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Mountain
  • Hills
  • Valley
  • Courtyard

Home Design

  • Mediterranean Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 6,450 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Custom Window Coverings
  • French Doors
  • Formal Entry
  • Wine Cellar
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Bonus Room
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Walk-In Pantry
  • Convection Oven
  • Six Burner Stove
  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • Retreat
  • 5 Bedrooms | 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet
  • Spa Bath

Outdoor Features

  • Spa
  • Balcony
  • Outdoor Fireplace
  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 16436
  • Assessor Parcel Number 48114217

Community Details

Overview

  • Shady Canyon HOA, Phone Number (949) 679-5557
  • First Service Residenital HOA
  • Built by SHMC
  • Shady Canyon Custom Subdivision
  • Property is near a preserve or public land

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Clubhouse
  • Banquet Facilities
  • Meeting Room
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Hiking Trails
  • Bike Trail

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,852

Year Built

Built in 2005

Lot Details

0

HOA Fees

$750 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard
  • Subdivision Name Other: Shady Canyon Custom (SHDC)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 48114217
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6450.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Cathedral Ceiling(s), Crown Molding, High Ceilings, Recessed Lighting, Two Story Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Breakfast Nook, Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Family Room, Living Room, Master Bedroom, Outside
  • Levels: Two
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1162.79
  • Room Type: Bonus Room, Den, Family Room, Formal Entry, Foyer, Galley Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Master Suite, Retreat, Two Masters, Walk-In Closet, Walk-In Pantry, Wine Cellar
  • Spa Features: Association, Bath
  • Window Features: Custom Covering, Double Pane Windows

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • View: City Lights, Courtyard, Hills, Mountain(s), Panoramic, Trees/Woods, Valley
  • Fence: Yes
  • Fencing: Excellent Condition, Stucco Wall, Wrought Iron
  • Builder Name: SHMC
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, Refrigerator
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Fire Pit, Barbecue, Playground, Tennis Court(s), Biking Trails, Hiking Trails, Clubhouse, Banquet Facilities, Recreation Room, Meeting Room, Management, Security, Controlled Access
  • Association Fee: 750.00
  • Association Fee Frequency: Monthly
  • Association Name: Shady Canyon HOA
  • Phone: 949-679-5557
  • Senior Community: No
  • Community Features: Preserve/Public Land, Street Lights
  • Association Management: First Service Residenital

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped, Lot 20000-39999 Sqft, Level, Park Nearby
  • Lot Size Sq Ft: 21662.00
  • Lot Size Acres: 0.4973

Multi Family

  • Lease Considered: Yes
  • Lot Size Area: 21662.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 16436

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Mar 9, 2023
Sold by
Lee Family Trust
Bought by
Gui Wei and Lee Jasmine
Seller's Agent
Tina Lynne
RE/MAX Fine Homes
Buyer's Agent
Fei Li
Keller Williams Legacy
List Price
$7,650,000
Sold Price
$7,500,000
Premium/Discount to List
-$150,000
-1.96%
Views
18
Current Estimated Value
$9,122,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,622,269
Avg. Annual Appreciation
8.11%
Original Mortgage
$375,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2005
Sold by
Wl Homes Llc
Bought by
Lee Joseph J C and Lee Sou Lin H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2%
Mortgage Type
Negative Amortization
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
Gui Wei $7,500,000 Fidelity National Title
Lee Joseph J C $4,383,500 Fidelity National Title-Buil
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gui Wei $375,000
Previous Owner Lee Joseph J C $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2023 04/25/23 Sold $7,500,000 -2.0% $1,163 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $7,650,000 -- $1,186 / 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 $87,852 $7,803,000 $5,735,004 $2,067,996
2024 $87,852 $7,650,000 $5,622,552 $2,027,448
2023 $68,293 $5,775,368 $4,240,906 $1,534,462
2022 $62,334 $5,192,820 $3,955,324 $1,237,496
2021 $61,229 $5,091,000 $3,877,768 $1,213,232
2020 $61,015 $5,091,000 $3,877,768 $1,213,232
2019 $60,965 $5,091,000 $3,877,768 $1,213,232
2018 $60,903 $5,091,000 $3,877,768 $1,213,232
2017 $56,346 $4,650,000 $3,458,425 $1,191,575
2016 $56,278 $4,650,000 $3,458,425 $1,191,575
2015 $56,180 $4,650,000 $3,458,425 $1,191,575
2014 $51,207 $4,133,902 $2,942,327 $1,191,575
Source: Public Records

Agents Affiliated with this Home

  • Tina Lynne

    Seller's Agent in 2023

    Tina Lynne

    RE/MAX

    (949) 228-3468

    1 in this area

    34 Total Sales

    Tina Lynne
    Section Image
  • Fei Li

    Buyer's Agent in 2023

    Fei Li

    Keller Williams Legacy

    (949) 353-9999

    1 in this area

    301 Total Sales

    Fei Li
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23034975

California Regional Multiple Listing Service (CRMLS)

APN: 481-142-17

California Orange County Irvine 92603 Shady Canyon

60 Vernal Spring, Irvine, CA

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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