NOT LISTED FOR SALE

Estimated Value: $8,623,000 - $17,401,533

5 Beds
5.5 Baths
7,690 Sq Ft
$1,541/Sq Ft Est. Value

Last Sold June 09, 2014

Last sale price $3,975,000 $517 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $72,052/month

276 Days on Market

Highlights

  • Ocean View
  • Home Theater
  • Primary Bedroom Suite
  • El Morro Elementary School Rated A+
  • In Ground Pool
  • Ocean Side of Highway 1

About This Home

As of June 2014

A warm, modern oasis that when completed will be one of the finest homes in the exclusive enclave of Emerald Bay. This exceptional home is located next to main beach on one of the largest flat lots in the community. Designed by a team of prestigious professionals, architect Richard Krantz, interior designer Terry Hunziker and builder Mark Falcone, the estate will exude a warm contemporary ambiance. With $2 million and 2 years already invested in the construction of this one-of-a-kind property, all the site work and basement have been completed, and all permits and approvals are active and ready to proceed quickly and have been approved by Coastal Commission, Orange County and Emerald Bay Community Association. A light, large open floor plan that seamlessly melds the indoors with the outdoors, this magnificent home will span three stories, include 5 bedrooms, 6 baths and five-car garage, plus an elevator, large pool and spa entertaining courtyard with fire feature. The property comes with interior plans and material specs, however the interiors and finishes can be changed to suit your taste. This is a unique opportunity to complete the original vision for this home with approved plans or to customize this special property to your unique specifications.

Last Agent to Sell the Property

Maria Szakacs

Surterre Properties License #01917247 Listed on: 10/01/2013

Surterre Properties

Co-Listed By

Thomas (t.j) Walsh

Coldwell Banker Realty License #01829780

Last Buyer's Agent

Derik Brian

Derik Brian, Inc. License #01192329

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $88,798

Year Built

  • Built in 2013

Lot Details

  • 9,327 Sq Ft Lot

HOA Fees

  • $592 Monthly HOA Fees

Parking

  • 5 Car Garage

Property Views

  • Ocean
  • Courtyard

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,690 Sq Ft Home
  • Home Theater

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Multi-Level Bedroom

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Ocean Side of Highway 1
  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Two cooling system units
  • Central Air

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1076
  • Assessor Parcel Number 05306001

Community Details

Overview

  • Ebca Association

Amenities

  • Outdoor Cooking Area
  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Community Playground
  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$88,798

Year Built

Built in 2013

Lot Details

0

HOA Fees

$592 per month

Parking

5

Listing Details

  • Assessments: No
  • Inclusions: Architecture and structural engineering plans & geological reports.
  • Property Attached: No
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05306001
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 7690.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Master Bedroom, Master Retreat, Outside
  • Levels: Three Or More
  • Price Per Square Foot: 516.91
  • Room Type: Media Room, Multi-Level Bedroom, Master Suite
  • Spa Features: Association, In Ground, Private

Exterior Features

  • View: Courtyard, Ocean
  • Pool Features: Association, In Ground, Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Outdoor Cooking Area, Picnic Area, Playground, Sport Court, Tennis Court(s)
  • Association Fee: 7100.00
  • Association Fee Frequency: Annually
  • Association Name: EBCA
  • Senior Community: No
  • Community Features: Street Lights, Storm Drains

Schools

  • School District: Laguna Beach Unified

Lot Info

  • Lot Size Sq Ft: 9327.00
  • Lot Size Acres: 0.2140

Multi Family

  • Lease Considered: No
  • Lot Size Area: 9327.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 1076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2013
Closed on
Apr 29, 2014
Sold by
Kamgar Fred and Kamgar Moira
Bought by
Ninth Avenue Industrial Investors Llc
Seller's Agent
Maria Szakacs
Surterre Properties
Buyer's Agent
Derik Brian
Derik Brian, Inc.
List Price
$5,795,000
Sold Price
$3,975,000
Premium/Discount to List
-$1,820,000
-31.41%
Current Estimated Value
$11,848,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,873,633
Avg. Annual Appreciation
10.74%
Original Mortgage
$1,000,000
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2010
Sold by
Fisher Group Holding Llc
Bought by
Kamgar Fred and Kamgar Moira

Purchase Details

Closed on
Sep 20, 2007
Sold by
Savage Virginia Lee
Bought by
Fisher Group Holding Llc

Purchase Details

Closed on
Feb 3, 1999
Sold by
Savage Virginia L
Bought by
Savage Virginia Lee and The Virginia Lee Savage Revocable Trust
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
Ninth Avenue Industrial Investors Llc $3,975,000 None Available
Kamgar Fred $3,695,000 Chicago Title Company
Fisher Group Holding Llc -- Orange Coast Title
Savage Virginia Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ninth Avenue Industrial Investors Llc $6,525,000
Closed Ninth Avenue Industrial Investores Llc $6,500,000
Closed Ninth Avenue Industrial Investors Llc $6,005,000
Closed Ninth Avenue Industrial Investors Llc $1,000,000
Previous Owner Savage Virginia Lee $180,000
Previous Owner Savage Virginia Lee $700,000
Previous Owner Savage Virginia Lee $100,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2014 06/09/14 Sold $3,975,000 -11.6% $517 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
02/24/2014 02/24/14 Price Changed $4,495,000 -10.0% $585 / Sq Ft
11/07/2013 11/07/13 Price Changed $4,995,000 -13.8% $650 / Sq Ft
10/01/2013 10/01/13 For Sale $5,795,000 +45.8% $754 / Sq Ft
10/01/2013 10/01/13 Off Market $3,975,000 -- --
07/22/2013 07/22/13 For Sale $5,795,000 -- $754 / 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 $88,798 $8,914,644 $5,113,175 $3,801,469
2024 $88,798 $8,739,848 $5,012,917 $3,726,931
2023 $86,763 $8,568,479 $4,914,625 $3,653,854
2022 $85,136 $8,400,470 $4,818,260 $3,582,210
2021 $83,505 $8,235,755 $4,723,784 $3,511,971
2020 $82,645 $8,151,308 $4,675,347 $3,475,961
2019 $81,227 $7,991,479 $4,583,674 $3,407,805
2018 $79,650 $7,834,784 $4,493,798 $3,340,986
2017 $73,057 $7,186,011 $4,405,684 $2,780,327
2016 $66,932 $6,577,992 $4,319,299 $2,258,693
2015 $53,907 $5,296,292 $4,254,420 $1,041,872
2014 $39,331 $3,861,731 $3,861,731 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG13144539

California Regional Multiple Listing Service (CRMLS)

APN: 053-060-01