NOT LISTED FOR SALE

Estimated Value: $6,079,421 - $7,643,000

4 Beds
4.5 Baths
3,100 Sq Ft
$2,203/Sq Ft Est. Value

Last Sold August 08, 2016

Last sale price $4,060,000 $1,310 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $40,596/month

14 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Custom Home
  • Harbor View Elementary School Rated A
  • Ocean Side of Highway 1
  • Open Floorplan

About This Home

As of August 2016

Bask in the glow of this beautifully constructed custom home created by renowned architect Christopher Brandon. Located in the heart of Corona Del Mar Village, this Eastern Seaboard style home allows you to enjoy an unparalleled luxury living style with easy access to the beach, shops and restaurants of CDM. This light filled home is a masterpiece of design and craftsmanship featuring inlayed French White Oak flooring with wire brush texture and stain, intricate carpentry, and an elevator to transport you from floor to floor. 600 Acacia's design is based on an interior courtyard that opens to the nucleus of the home via a fulling opening door system. The gourmet kitchen is anchored by a gorgeous oversized Calcutta marble island featuring commercial grade Thermador appliances, built- ins, and custom hand crafted cabinetry. The divine master suite presents vaulted ceilings, massive windows, a deck, and an opulent ensuite bath will a soaking tub, separate glass shower, and a huge walk in closet. Enjoy wide span ocean and Catalina island views from the roof top deck, the perfect place to enjoy the vivid Southern California sunsets.

Last Agent to Sell the Property

Brian Johnson

Coldwell Banker Realty License #00787688 Listed on: 06/06/2016

Coldwell Banker Realty

Last Buyer's Agent

Allison Root

Compass License #01368988

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $50,557

Year Built

  • Built in 2016

Lot Details

  • 3,485 Sq Ft Lot
  • Corner Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Ocean
  • City Lights

Home Design

  • Custom Home

Interior Spaces

  • 3,100 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Double Pane Windows
  • Panel Doors
  • Entryway
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Open to Family Room
  • Gas Oven
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Concrete Porch or Patio
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 186
  • Assessor Parcel Number 45908511

Home Details

Home Type

Single Family

Est. Annual Taxes

$50,557

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Corona del Mar South of PCH (CDMS)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 45908511
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3100.00
  • Interior Amenities: Built-in Features, Balcony, Crown Molding, Elevator, Open Floorplan, Pantry, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Panel Doors
  • Fireplace Features: Living Room, Master Retreat
  • Levels: Three Or More
  • Price Per Square Foot: 1309.68
  • Room Type: Entry, Family Room, Living Room, Master Suite, Walk-In Closet
  • Window Features: Double Pane Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: City Lights, Ocean
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Door Opener, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 3485.00
  • Price Per Lot Square Foot: 1164.99

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Sep 21, 2016
Sold by
4G Easy Pay Llc
Bought by
424 Marguerite Ave Llc
Seller's Agent
Brian Johnson
Coldwell Banker Realty
Buyer's Agent
Allison Root
Compass
List Price
$4,395,000
Sold Price
$4,060,000
Premium/Discount to List
-$335,000
-7.62%
Current Estimated Value
$6,828,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,768,855
Avg. Annual Appreciation
5.16%
Original Mortgage
$2,436,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 6, 2016
Closed on
Jun 24, 2016
Sold by
Acacia Cdm Llc
Bought by
424 Marguerite Ave Llc
Seller's Agent
Brian Johnson
Coldwell Banker Realty
Buyer's Agent
Allison Root
Compass
List Price
$4,395,000
Sold Price
$4,060,000
Premium/Discount to List
-$335,000
-7.62%

Purchase Details

Listed on
Oct 16, 2014
Closed on
Nov 24, 2014
Sold by
Gulkaya Hande
Bought by
Davutoglu David
Seller's Agent
Richard Lougee
Sterling Pacific Real Estate
Buyer's Agent
Richard Lougee
Sterling Pacific Real Estate
List Price
$1,995,000
Sold Price
$1,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.64%
Original Mortgage
$1,000,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 16, 2014
Closed on
Nov 20, 2014
Sold by
Sung Ming Seng
Bought by
Davutoglu David
Seller's Agent
Richard Lougee
Sterling Pacific Real Estate
Buyer's Agent
Richard Lougee
Sterling Pacific Real Estate
List Price
$1,995,000
Sold Price
$1,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 8, 2011
Sold by
Sung David C H and Sung Ming Seng
Bought by
Sung David C H and Sung Ming Seng

Purchase Details

Closed on
Jul 16, 1998
Sold by
Roddan Allison C
Bought by
Sung David C H and Sung Ming Seng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.12%
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
424 Marguerite Ave Llc -- Timios Title
424 Marguerite Ave Llc $4,060,000 Fntg
Acacia Cdm Llc -- Accommodation
Davutoglu David -- Lawyers Title Company
Davutoglu David $1,995,000 Lawyers Title Company
Sung David C H -- None Available
Sung David C H -- None Available
Sung David C H $600,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 424 Marguerite Ave Llc $3,150,000
Closed 424 Marguerite Ave Llc $4,200,000
Closed 4G Easy Pay Llc $1,200,000
Closed 424 Marguerite Ave Llc $2,436,000
Previous Owner Davutoglu David $500,000
Previous Owner Davutoglu David $1,000,000
Previous Owner Sung David C H $384,000
Previous Owner Sung David C H $384,900
Previous Owner Sung David C H $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2016 08/08/16 Sold $4,060,000 -7.6% $1,310 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $4,395,000 +120.3% $1,418 / Sq Ft
12/04/2014 12/04/14 Sold $1,995,000 0.0% $1,425 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
10/16/2014 10/16/14 For Sale $1,995,000 -- $1,425 / 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 $50,557 $4,711,977 $3,577,329 $1,134,648
2024 $50,557 $4,619,586 $3,507,186 $1,112,400
2023 $49,401 $4,529,006 $3,438,417 $1,090,589
2022 $48,628 $4,440,202 $3,370,997 $1,069,205
2021 $47,752 $4,353,140 $3,304,899 $1,048,241
2020 $47,254 $4,308,504 $3,271,011 $1,037,493
2019 $46,305 $4,224,024 $3,206,874 $1,017,150
2018 $45,562 $4,141,200 $3,143,994 $997,206
2017 $43,096 $4,060,000 $3,082,347 $977,653
2016 $23,756 $2,230,311 $1,976,763 $253,548
2015 $21,531 $1,995,000 $1,947,071 $47,929
2014 $8,528 $767,321 $709,816 $57,505
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16121946

California Regional Multiple Listing Service (CRMLS)

APN: 459-085-11