NOT LISTED FOR SALE

Estimated Value: $7,550,000 - $9,674,000

4 Beds
4.5 Baths
4,159 Sq Ft
$2,073/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $7,850,000 $1,887 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $55,491/month

139 Days on Market

Highlights

  • Private Dock Site
  • Beach Access
  • Boat Slip
  • Abraham Lincoln Elementary School Rated A
  • Home fronts a seawall
  • Bay View

About This Home

As of September 2022

Waterfront living on Promontory Bay. This light and bright soft contemporary custom home features a professionally designed open floor plan with formal entry, multiple skylights, generous sized rooms. The approx. 30 feet of fully retractable sliding glass pocket doors open to a private bay front patio, perfect for entertaining or relaxing, and a newly finished multi-boat dock. Limestone floors, high ceilings, new fireplace, motorized window coverings and "Control 4" electronic system. A stunning chef's kitchen complete with Sub-Zero, Wolf and Miele appliances, ribbon Sapele wood cabinets and counter seating for five, opens to cozy den. Retreat to the expansive primary suite, its gracious sitting area, fireplace, bay views, large well-organized closet and a walk-in shower. Each of the oversized guest rooms, one with bay views, offers ensuite bath.
Located on a quiet cul de sac with nearby restaurants, shops and marinas, the owner enjoys access to the private beach across the bay and a short walk to "The Galley," the area's classic local diner.
Please see Supplement for full list of features.

Last Agent to Sell the Property

Georgie Fenton

Coldwell Banker Realty License #00990939 Listed on: 04/15/2022

Coldwell Banker Realty

Last Buyer's Agent

Garrett Weston

Coldwell Banker Realty License #01385026

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,644

Year Built

  • Built in 1977

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x105
  • Home fronts a seawall
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • Fenced
  • Fence is in excellent condition
  • Sprinkler System

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Garage Door Opener
  • Driveway

Property Views

  • Bay
  • Neighborhood

Home Design

  • Custom Home
  • Contemporary Architecture
  • Turnkey
  • Slab Foundation
  • Tile Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,159 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Coffered Ceiling
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Plantation Shutters
  • Formal Entry
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Warming Drawer
  • Microwave
  • Freezer
  • Ice Maker
  • Kitchen Island
  • Stone Countertops
  • Self-Closing Drawers
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Quartz Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Beach Access
  • Boat Slip
  • Private Dock Site
  • Stone Porch or Patio
  • Fire Pit
  • Outdoor Grill

Utilities

  • Cooling System Powered By Gas
  • Two cooling system units
  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 3867
  • Assessor Parcel Number 05043114
  • $364 per year additional tax assessments

Community Details

Overview

  • Village Way Property Management Association, Phone Number (949) 450-1515
  • Promontory Bay Custom Subdivision

Amenities

  • Picnic Area

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,644

Year Built

Built in 1977

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Security System, Smoke Detector(s)
  • Subdivision Name Other: Promontory Bay Custom (PBCS)
  • View: Yes
  • Architectural Style: Contemporary, Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05043114
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4159.00 Square Feet
  • Interior Amenities: Coffered Ceiling(s), Crown Molding, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Unfurnished
  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom, Fire Pit
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1887.47
  • Room Type: Den, Formal Entry, Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Suite, Office, Walk-In Closet
  • Window Features: Plantation Shutters, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Quartz Counters, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Self-Closing Drawers, Stone Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Boat Slip, Dock Private
  • View: Bay, Neighborhood, Water
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Deck, Patio Open, Stone
  • Pool Private: No
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Freezer, Disposal, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Warming Drawer
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual, Gas
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Picnic Area
  • Association Fee: 460.00
  • Association Fee Frequency: Annually
  • Association Name: Village Way Property Management
  • Phone: 949-450-1515
  • Senior Community: No
  • Community Features: Biking, Watersports
  • Association Management: Village Way Property Management

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Sprinkler System
  • Lot Size: 50x105
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5000.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Navigable Water, Seawall

Tax Info

  • Tax Census Tract: 630.05
  • Tax Lot: 10
  • Tax Tract Number: 3867
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Sep 16, 2022
Sold by
Quinn Family Revocable Trust
Bought by
James And Margreta Larson Family Trust
Seller's Agent
Georgie Fenton
Coldwell Banker Realty
Buyer's Agent
Garrett Weston
Coldwell Banker Realty
List Price
$8,300,000
Sold Price
$7,850,000
Premium/Discount to List
-$450,000
-5.42%
Total Days on Market
139
Views
9
Current Estimated Value
$8,621,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$771,818
Avg. Annual Appreciation
3.57%

Purchase Details

Listed on
Feb 1, 2016
Closed on
Apr 21, 2016
Sold by
Chapman Donald H and Chapman Judith K
Bought by
The Quinn Family Revocable Trust
Seller's Agent
Jody Chapman
Compass
Buyer's Agent
Georgie Fenton
Coldwell Banker Realty
List Price
$4,675,000
Sold Price
$4,485,000
Premium/Discount to List
-$190,000
-4.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%

Purchase Details

Closed on
Sep 22, 1999
Sold by
Mulne Alvin S and Mulne Carolyn
Bought by
Chapman Donald H and Chapman Judith K
Source: Public Records

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Range of Values:

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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
James And Margreta Larson Family Trust $7,850,000 Ticor Title
The Quinn Family Revocable Trust $4,485,000 Ticor Title
Chapman Donald H $1,900,000 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chapman Donald H $1,500,000
Previous Owner Chapman Donald H $1,500,000
Previous Owner Mulne Alvin S $100,000
Previous Owner Muline Alvin S $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $7,850,000 -2.5% $1,887 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
05/20/2022 05/20/22 Price Changed $8,050,000 -3.0% $1,936 / Sq Ft
04/15/2022 04/15/22 For Sale $8,300,000 +85.1% $1,996 / Sq Ft
06/07/2016 06/07/16 Sold $4,485,000 -4.1% $1,109 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $4,675,000 0.0% $1,156 / Sq Ft
08/01/2012 08/01/12 Rented $11,000 +10.0% --
07/17/2012 07/17/12 Under Contract -- -- --
07/17/2012 07/17/12 For Rent $10,000 -- --
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
2024 $84,644 $8,007,000 $7,293,000 $714,000
2023 $82,672 $7,850,000 $7,150,000 $700,000
2022 $53,282 $5,030,898 $4,398,982 $631,916
2021 $52,258 $4,932,253 $4,312,727 $619,526
2020 $51,757 $4,881,679 $4,268,505 $613,174
2019 $50,676 $4,785,960 $4,184,809 $601,151
2018 $49,663 $4,692,118 $4,102,754 $589,364
2017 $48,515 $4,574,700 $4,022,307 $552,393
2016 $26,780 $2,518,445 $2,046,145 $472,300
2015 $26,529 $2,480,616 $2,015,410 $465,206
2014 $25,903 $2,432,025 $1,975,931 $456,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22076291

California Regional Multiple Listing Service (CRMLS)

APN: 050-431-14