NOT LISTED FOR SALE

Estimated Value: $8,791,000 - $9,309,363

3 Beds
4.5 Baths
4,046 Sq Ft
$2,235/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $7,200,000 $1,780 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $55,915/month

70 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Home Theater
  • Abraham Lincoln Elementary School Rated A
  • Boat Slip
  • Private Pool

About This Home

As of February 2022

Enjoy bay front living on this highly sought after and secluded area of Promontory Bay. Enter this gorgeous Harbor Island Drive home through a private courtyard complete with fountain, pool, and spa. Bathed in natural light from soaring ceilings and skylights, this 3 bedrooms, four and one and a half baths home features a living room theater, custom hand crafted appointments throughout, antique crystal chandeliers, beautiful water front views throughout, ADT security system, multi-purpose bonus room and custom office off the master bedroom. Serve your guests from a streamlined kitchen with top-of-the-line appliances and Corian countertops. The master suite offers a luxurious master bath with dual sinks, unique mosaic wall tile, shower, hydro-therapy tub and large walk-in closet. Entertain and dine al fresco overlooking the Newport Bay from an outdoor patio with community beach view. Other notable features include spa with sauna, private bath with Gaberit toilette and bidet, large separate walk-in closet, mature landscaping with large gardenia bushes, a private dock which has ample space for a large boat and a side tie for a smaller boat or paddle boards, and two single car garages. One of 65 homes in this semi-private bay front enclave. Ideally located near Balboa Island, local beaches, fine dining and world class shopping.

Last Agent to Sell the Property

Mickey Hartling

Seven Gables Real Estate License #00859940 Listed on: 11/08/2021

Last Buyer's Agent

Jacqueline Thompson

Coldwell Banker Realty License #01476106

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $79,213

Year Built

  • Built in 1977

Lot Details

  • 5,000 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Front Yard Sprinklers

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Single Garage Door
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 4,046 Sq Ft Home
  • Open Floorplan
  • Bar
  • High Ceiling
  • Recessed Lighting
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Home Office
  • Sauna
  • Wood Flooring
  • Bay Views
  • Home Security System
  • Laundry Room

Kitchen

  • Double Oven
  • Freezer
  • Corian Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Makeup or Vanity Space
  • Bidet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Lincoln Elementary And Middle School
  • Corona Del Mar High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 0700
  • Tax Tract Number 3867
  • Assessor Parcel Number 05043115

Community Details

Overview

  • Promontory Bay Comm. Assoc. Association, Phone Number (949) 754-2115
  • Villageway Management Co. Association, Phone Number (949) 450-2515
  • Promontory Bay Custom Subdivision

Amenities

  • Picnic Area

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$79,213

Year Built

Built in 1977

Lot Details

0

HOA Fees

$36 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Harbor Island ""Drive"" (HIDC)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05043115
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4046.00 Square Feet
  • Interior Amenities: Bar, High Ceilings, Open Floorplan, 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: 3
  • Eating Area: Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1779.54
  • Room Type: All Bedrooms Up, Home Theatre, Master Suite, Office, Sauna
  • Spa Features: Private
  • Bathroom Features: Bathtub, Bidet, Double Sinks In Master Bath, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Corian Counters

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip, Dock Private
  • View: Bay
  • Patio And Porch Features: Covered, Deck
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking Features: Direct Garage Access, Garage, Garage - Single Door, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Freezer, Disposal
  • Heating Type: Central, Zoned
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association: Villageway Management Co.
  • Amenities: Picnic Area
  • Association Fee: 427.00
  • Association Fee Frequency: Annually
  • Association Name: Promontory Bay Comm. Assoc.
  • Phone: 9497542115
  • Association Phone #2: 949-450-2515
  • Senior Community: No
  • Community Features: Curbs, Fishing, Sidewalks, Street Lights
  • Association Management: promontory Bay Comm. Assoc.

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Lincoln
  • Middle School: Lincoln
  • High School: Corona Del Mar
  • Elementary School: Lincoln
  • High School: Corona Del Mar
  • Middle Or Junior School: Lincoln
  • Elementary School #2: LINCOL
  • High School2: CODEMA

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, Sprinklers In Front
  • 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

Tax Info

  • Tax Census Tract: 630.05
  • Tax Lot: 0700
  • Tax Tract Number: 3867

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2021
Closed on
Feb 28, 2022
Sold by
5Th Investor Sf Llc
Bought by
Shore Investors Iv Llc
Seller's Agent
Mickey Hartling
Seven Gables Real Estate
Buyer's Agent
Jacqueline Thompson
Coldwell Banker Realty
List Price
$6,995,000
Sold Price
$7,200,000
Premium/Discount to List
$205,000
2.93%
Current Estimated Value
$9,044,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,844,091
Avg. Annual Appreciation
6.67%

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 26, 2022
Sold by
Downey James
Bought by
5Th Investor Sf Llc
Seller's Agent
Mickey Hartling
Seven Gables Real Estate
Buyer's Agent
Jacqueline Thompson
Coldwell Banker Realty
List Price
$6,995,000
Sold Price
$7,200,000
Premium/Discount to List
$205,000
2.93%

Purchase Details

Closed on
Jul 10, 2007
Sold by
Downey James and Downey Alexandra Robinson
Bought by
Downey James and Downey Alexandra Robinson

Purchase Details

Closed on
Dec 7, 2002
Sold by
Corporate Transfer Service Inc
Bought by
Downey James E

Purchase Details

Closed on
Dec 6, 2002
Sold by
Schievelbein Karen R and Schievelbein Steven L
Bought by
Corporate Transfer Service Inc

Purchase Details

Closed on
Mar 31, 2000
Sold by
Bikhazi Henry B and Bikhazi Patricia M
Bought by
Schievelbein Steven L and Schievelbein Karen R

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
6.85%
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
Shore Investors Iv Llc -- None Listed On Document
5Th Investor Sf Llc $7,200,000 Chicago Title
Downey James -- None Available
Downey James -- None Available
Downey James E -- Chicago Title
Corporate Transfer Service Inc -- Chicago Title
Schievelbein Steven L $2,250,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Means Shore Investors Iv Llc $0
Previous Owner Schievelbein Steven L $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $7,200,000 -2.7% $1,780 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
11/25/2021 11/25/21 Price Changed $7,400,000 +5.8% $1,829 / Sq Ft
11/08/2021 11/08/21 For Sale $6,995,000 -- $1,729 / 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 $79,213 $7,640,697 $6,579,489 $1,061,208
2024 $79,213 $7,490,880 $6,450,480 $1,040,400
2023 $77,367 $7,344,000 $6,324,000 $1,020,000
2022 $49,254 $4,647,953 $3,931,178 $716,775
2021 $48,308 $4,556,817 $3,854,096 $702,721
2020 $47,845 $4,510,093 $3,814,577 $695,516
2019 $46,846 $4,421,660 $3,739,781 $681,879
2018 $45,910 $4,334,961 $3,666,452 $668,509
2017 $45,096 $4,249,962 $3,594,561 $655,401
2016 $44,079 $4,166,630 $3,524,080 $642,550
2015 $43,667 $4,104,044 $3,471,145 $632,899
2014 $42,636 $4,023,652 $3,403,150 $620,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21186287

California Regional Multiple Listing Service (CRMLS)

APN: 050-431-15