NOT LISTED FOR SALE

Estimated Value: $3,909,000 - $5,792,000

5 Beds
4 Baths
1,012 Sq Ft
$5,103/Sq Ft Est. Value

Last Sold June 12, 2014

Last sale price $1,807,500 $1,786 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $30,516/month

63 Days on Market

Highlights

  • Coastline Views
  • Updated Kitchen
  • Dual Staircase
  • Harbor View Elementary School Rated A
  • Open Floorplan
  • 1-minute walk to Buck Gully Trailhead

About This Home

As of June 2014

R-2 lot in Corona del Mar with two separate units, no shared walls, and ideally located near great dining, shops and the beach. The nicely maintained duplex offers a rear owners unit with 3 bedrooms, 2 bathrooms, the front unit has 2 bedrooms and 1.5 baths The rear is tastefully remodeled with a great room concept, a master bedroom, bath and small walk in closet. The open living area is designed for casual living and includes a remodeled kitchen with granite counters, newer cabinets, a center island, built in entertainment center, fireplace, recessed lighting and attached deck that affords amazing sunset views. Two bedrooms down, master up, 2 car attached garage. Enter through a picket fence to the cozy front unit. 2 bedrooms up with wood beamed ceilings and a viewing deck off master. The main floor has 1.5 bath and laundry area, updated kitchen and living/dining area with an enclosed patio off dining area.

Last Agent to Sell the Property

Sue Young

Compass License #01087631 Listed on: 02/24/2014

Compass

Co-Listed By

Nancy Lavigne

Berkshire Hathaway HomeService License #00970867

Last Buyer's Agent

James Gray

Arbor Real Estate License #01065395

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,141

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • 3,540 Sq Ft Lot
  • Lot Dimensions are 30x118
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers
  • Private Yard

Parking

  • 2 Car Direct Access Garage
  • Carport
  • Parking Storage or Cabinetry
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Garage Door Opener

Property Views

  • Coastline
  • City Lights
  • Golf Course
  • Peek-A-Boo
  • Mountain

Home Design

  • Additions or Alterations
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Dual Staircase
  • Built-In Features
  • Beamed Ceilings
  • Recessed Lighting
  • Drapes & Rods
  • Blinds
  • Casement Windows
  • Window Screens
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Office

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • Overhead Utilities
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Living Room Balcony

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / 743
  • Tax Tract Number 186
  • Assessor Parcel Number 45923213

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Built by Custom

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,348
  • Water Sewer Expense $1,320
  • New Taxes Expense $21,230
  • Gross Income $4,248
  • Net Operating Income $50,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,141

Year Built

Built in 1973 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Nancy Lavigne
  • Other Phone Number: 949-233-6565
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Corona del Mar North of PCH (CNHW)
  • View: Yes
  • Water Sewer Expenses: 1320.00
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 45923213
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Built-in Features, Balcony, Granite Counters, Living Room Balcony, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Room Type: Living Room, Master Bedroom, Main Floor Bedroom, Walk-In Closet, Office
  • Window Features: Blinds, Casement Windows, Drapes, Screens
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Foundation: Slab
  • View: City Lights, Coastline, Golf Course, Mountain(s), Peek-A-Boo
  • Fencing: Wood, Wrought Iron
  • Builder Name: Custom
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Carport, Concrete, Direct Garage Access, Garage Door Opener, Garage Faces Rear, Side by Side, Garage - Single Door, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Front Yard, Paved, Sprinklers In Front, Sprinklers Timer, Sprinkler System, Utilities - Overhead, Yard
  • Lot Size: 30x118
  • Lot Size Sq Ft: 3540.00
  • Lot Size Acres: 0.0810

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4248.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1348.00
  • Lot Size Area: 3540.0000 Square Feet
  • Net Operating Income: 50982.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 24618.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 21230.00
  • Tax Block: 743
  • Tax Lot: 15
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2017
Sold by
Skolnik Steven Forrest and Skolnik Rebecca Ann
Bought by
Skolnik Steven F and Skolnik Rebecca A
Current Estimated Value
$5,164,286

Purchase Details

Listed on
Feb 24, 2014
Closed on
Apr 16, 2014
Sold by
Eagie Iris E and Eagle Frederick A
Bought by
The Steven Forrest Skolnik & Rebecca Ann
Seller's Agent
Sue Young
Compass
Buyer's Agent
James Gray
Arbor Real Estate
List Price
$1,930,000
Sold Price
$1,807,500
Premium/Discount to List
-$122,500
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%

Purchase Details

Closed on
Jul 20, 2009
Sold by
Eagle Aldo E and Eagle Michele J
Bought by
Eagle Aldo E and Eagle Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2009
Sold by
Eagle Aldo E and Eagle Michele J
Bought by
Eagle Aldo E and Eagle Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2004
Sold by
Eagle Iris E and Eagle Frederick A
Bought by
Eagle Iris E and Eagle Frederick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2004
Sold by
Eagle Iris E and Eagle Frederick A
Bought by
Eagle Frederick A and Eagle Iris E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2002
Sold by
Eagle Frederick A and Eagle Iris E
Bought by
Eagle Iris E and Eagle Frederick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 25, 2002
Sold by
Somoya David and Jurado Melanie Lisa Dawn
Bought by
Eagle Aldo E and Eagle Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 27, 2001
Sold by
Somoya David
Bought by
Somoya David and Somoya Melanie Lisa Dawn

Purchase Details

Closed on
Jun 18, 1999
Sold by
Edward Malpass T
Bought by
Somoya David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.62%

Purchase Details

Closed on
Apr 21, 1999
Sold by
Malpass Valerie P
Bought by
Malpass T Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.62%
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
Skolnik Steven F -- None Available
Skolnik Steven Forrest -- None Available
The Steven Forrest Skolnik & Rebecca Ann $1,807,500 Lawyers Title Insurance Corp
Eagle Aldo E -- Accommodation
Eagle Aldo E -- Western Resources Title Co
Eagle Iris E -- Chicago Title Co
Eagle Frederick A -- Chicago Title Co
Eagle Iris E -- --
Eagle Aldo E $1,000,000 Chicago Title Co
Somoya David -- --
Somoya David $650,000 Stewart Title
Malpass T Edward -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skolnik Steven Forrest $500,000
Previous Owner Eagle Aldo E $417,000
Previous Owner Eagle Frederick A $377,000
Previous Owner Eagle Aldo E $377,850
Previous Owner Eagle Aldo E $150,000
Previous Owner Eagle Aldo $75,000
Previous Owner Eagle Aldo E $384,900
Previous Owner Somoya David $520,000
Closed Eagle Frederick A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2014 06/12/14 Sold $1,807,500 -6.3% $1,786 / Sq Ft
04/28/2014 04/28/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $1,930,000 -- $1,907 / 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 $31,141 $2,980,646 $2,045,370 $935,276
2024 $31,141 $2,922,202 $2,005,264 $916,938
2023 $30,413 $2,864,904 $1,965,945 $898,959
2022 $29,910 $2,808,730 $1,927,397 $881,333
2021 $29,336 $2,753,657 $1,889,605 $864,052
2020 $29,055 $2,725,422 $1,870,229 $855,193
2019 $28,451 $2,671,983 $1,833,558 $838,425
2018 $27,884 $2,619,592 $1,797,606 $821,986
2017 $27,390 $2,568,228 $1,762,359 $805,869
2016 $26,774 $2,517,871 $1,727,803 $790,068
2015 $19,933 $1,843,613 $1,701,850 $141,763
2014 $13,057 $1,205,110 $1,043,231 $161,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14038756

California Regional Multiple Listing Service (CRMLS)

APN: 459-232-13