NOT LISTED FOR SALE

Estimated Value: $8,227,000 - $9,977,746

4 Beds
4.5 Baths
5,003 Sq Ft
$1,852/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $5,150,000 $1,029 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $55,012/month

22 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Primary Bedroom Suite
  • Newport Coast Elementary School Rated A
  • In Ground Pool
  • Updated Kitchen

About This Home

As of June 2016

Panoramic Ocean & City light views welcome you to this newly renovated custom built Pelican Ridge Estates home, located in one of Newport Coast’s most prestigious, guard-gated enclaves. Spanning approximately 5,000 square feet, this 4 bedroom, 4 1/2 bath estate offer an array of designer upgrades including all new Italian marble and French oak wood flooring throughout, stunning European kitchen featuring Neolith Calacatta floating island, state of the art Miele appliances included a steam oven, wine storage system, and 54” refrigerator. The kitchen and family room flow seamlessly to the outdoor living space through Lacantina bi-floding doors which highlight the resort style backyard including pool and waterfall feature, BBQ island, & multiple sitting areas to soak in the California Riviera coastline views. The home features a main floor bedroom along with three 2nd floor bedrooms all en-suite with newly designed bathrooms and an open air loft perfect for a secondary sitting area or an office with breathtaking ocean views. The master bedroom showcases a wrap around balcony and is highlighted by a designer bathroom featuring Quartz counter tops and flooring, soaking tub, and oversized shower and finished off a spacious custom closet.

Last Agent to Sell the Property

Nikisa Razban

Compass License #01929025 Listed on: 06/27/2016

Compass

Co-Listed By

Paul Daftarian

Luxe Real Estate License #01317949

Last Buyer's Agent

Nikisa Razban

Compass License #01929025 Listed on: 06/27/2016

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $63,383

Year Built

  • Built in 1995 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Back Yard

HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • Ocean
  • Catalina
  • City Lights

Interior Spaces

  • 5,003 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Balcony
  • Exterior Lighting

Utilities

  • Central Air

Community Details

  • Gated with Attendant

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 14037
  • Assessor Parcel Number 47705111

Home Details

Home Type

Single Family

Est. Annual Taxes

$63,383

Year Built

Built in 1995 | Remodeled

Lot Details

0

HOA Fees

$751 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Smoke Detector(s)
  • Subdivision Name Other: Pelican Ridge Estates (NCOR)
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47705111
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5003.00
  • Interior Amenities: Built-in Features, Balcony, Cathedral Ceiling(s), High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Stone Counters, Two Story Ceilings
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Dining Room, In Kitchen
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1029.38
  • Room Type: Family Room, Formal Entry, Foyer, Living Room, Main Floor Bedroom, Master Suite, Walk-In Pantry, Walk-In Closet, Two Masters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • View: Catalina, City Lights, Ocean
  • Pool Features: In Ground, Private
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Built-In Range, Double Oven, Dishwasher, Freezer, Disposal, Range Hood, Microwave, Refrigerator
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 428.00
  • Association #2 Fee: 323.00
  • Association #2 Fee Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Cul-De-Sac
  • Lot Size Sq Ft: 12600.00
  • Price Per Lot Square Foot: 408.73

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 14037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2021
Sold by
Abuyousef Sandra
Bought by
Bacily Riad M
Current Estimated Value
$9,265,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,751,267
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$6,514,315

Purchase Details

Closed on
Oct 13, 2021
Sold by
Bacily Tamer Medhat and Bacily Riad Medhat
Bought by
Bacily Riad M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,751,267
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$6,514,315

Purchase Details

Closed on
Aug 9, 2019
Sold by
Bacily Tamer Medhat
Bought by
Bacily Tamer Medhat and Bacily Riad Medhat

Purchase Details

Listed on
Jun 27, 2016
Closed on
Jun 21, 2016
Sold by
Youssef Nevein Fawzi
Bought by
Bacily Tamer Medhat
Seller's Agent
Nikisa Razban
Compass
Buyer's Agent
Nikisa Razban
Compass
List Price
$5,395,000
Sold Price
$5,150,000
Premium/Discount to List
-$245,000
-4.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$3,605,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 27, 2016
Closed on
Jun 3, 2016
Sold by
Rez Properties Llc
Bought by
Bacily Tamer Medhat
Seller's Agent
Nikisa Razban
Compass
Buyer's Agent
Nikisa Razban
Compass
List Price
$5,395,000
Sold Price
$5,150,000
Premium/Discount to List
-$245,000
-4.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,605,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 15, 2014
Closed on
Dec 18, 2014
Sold by
Dancey Terrence W
Bought by
Rez Properties Llc
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Nikisa Razban
Compass
List Price
$4,395,000
Sold Price
$3,500,000
Premium/Discount to List
-$895,000
-20.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.59%

Purchase Details

Closed on
Oct 4, 2012
Sold by
Dancey Terrence W
Bought by
Dancey Terrence W and Terrence W Dancey Revocable Trust

Purchase Details

Closed on
Apr 5, 2012
Sold by
Dancey Terrence W and Dancey Sharon Anne
Bought by
Dancey Terrence W

Purchase Details

Closed on
Dec 9, 2002
Sold by
Dancey Terrence W and Dancey Sharon A
Bought by
Dancey Terrence W and Dancey Sharon Anne

Purchase Details

Closed on
Dec 19, 2001
Sold by
Dancey Terrence W
Bought by
Dancey Terrence W and Dancey Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$935,000
Interest Rate
6.51%

Purchase Details

Closed on
Jun 18, 1999
Sold by
Terrence Dancey
Bought by
Dancey Terrence W and Terrence W Dancey Trust

Purchase Details

Closed on
Feb 23, 1994
Sold by
The Irvine Company
Bought by
Krill Nicholas J and Krill Kim L
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
Bacily Riad M -- First American Title Company
Bacily Riad M -- First American Title Company
Bacily Tamer Medhat -- None Available
Bacily Tamer Medhat -- Chicago Title Company
Bacily Tamer Medhat $5,150,000 Chicago Title Company
Rez Properties Llc $3,500,000 Chicago Title Company
Dancey Terrence W -- None Available
Dancey Terrence W -- Accommodation
Dancey Terrence W -- --
Dancey Terrence W -- Southland Title
Dancey Terrence W -- --
Krill Nicholas J -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bacily Riad M $3,000,000
Closed Bacily Tamer Medhat $3,605,000
Previous Owner Dancey Terrence W $935,000
Closed Dancey Terrence W $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2016 06/30/16 Sold $5,150,000 -4.5% $1,029 / Sq Ft
06/27/2016 06/27/16 For Sale $5,395,000 0.0% $1,078 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $5,395,000 +54.1% $1,078 / Sq Ft
01/02/2015 01/02/15 Sold $3,500,000 -2.6% $722 / Sq Ft View Prior Sale
12/15/2014 12/15/14 Pending -- -- --
12/08/2014 12/08/14 Price Changed $3,595,000 -7.7% $741 / Sq Ft
11/03/2014 11/03/14 Price Changed $3,895,000 -9.3% $803 / Sq Ft
09/04/2014 09/04/14 Price Changed $4,295,000 -2.3% $886 / Sq Ft
07/15/2014 07/15/14 For Sale $4,395,000 -- $906 / 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 $63,383 $5,977,016 $4,858,838 $1,118,178
2024 $63,383 $5,859,820 $4,763,567 $1,096,253
2023 $61,989 $5,744,922 $4,670,164 $1,074,758
2022 $60,963 $5,632,277 $4,578,592 $1,053,685
2021 $60,513 $5,632,277 $4,575,972 $1,056,305
2020 $60,501 $5,574,525 $4,529,051 $1,045,474
2019 $59,428 $5,465,221 $4,440,246 $1,024,975
2018 $58,248 $5,358,060 $4,353,182 $1,004,878
2017 $58,182 $5,253,000 $4,267,825 $985,175
2016 $42,207 $3,584,294 $2,566,923 $1,017,371
2015 $28,037 $2,251,975 $1,492,254 $759,721
2014 $27,396 $2,207,862 $1,463,022 $744,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16098362

California Regional Multiple Listing Service (CRMLS)

APN: 477-051-11