Seller's Agent in 2021
John Cain
Pacific Sothebys
(714) 655-8940
27 in this area
211 Total Sales
8 Needlegrass Newport Beach, CA 92657
Newport Coast NeighborhoodEstimated Value: $7,926,000 - $12,399,514
6
Beds
6.5
Baths
6,309
Sq Ft
$1,512/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- 24-Hour Security
- Primary Bedroom Suite
- Newport Coast Elementary School Rated A
- Spa
- Open Floorplan
About This Home
As of April 2021Presenting a unique opportunity to own a newer construction home on one of the highest promontories in Newport Coast, offering sweeping, unobstructed vistas of sea and sky. Boasting a front-row lot, this plan spans approx. 6,300 +/- s.f. with 6 spacious bedrooms and 6.5 baths - including master bedrooms on both levels and a private casita/office. A gated central courtyard welcomes your arrival as you enter this brilliantly-designed home with soaring ceilings and tall glass doors that perfectly frame the views. Sundrenched interiors are the hallmark of the open-concept plan that has been designed with a timeless, transitional palette. The great room serves as the heart of the home and melds with the gourmet kitchen (with walk-in pantry and separate caterer's kitchen) and rear covered loggia. A formal dining room, main level master suite with views, oversized laundry room and guest suite comprise the main level, while two generous guest suites, bonus room and sumptuous second master bedroom with sensational views span the second floor. The grounds include multiple patios, gas fireplace, covered loggia, built-in BBQ, lush landscaping and large turf lawn. A 3-car finished garage completes this exemplary property. Enjoy community amenities including 24-hour guard-gated security, private community center with pool, spa, playground and close proximity to scenic hiking/biking trails, fabulous shopping/dining, award-winning schools, John Wayne Airport and freeways.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01467294 Listed on: 10/13/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $90,151
Year Built
- Built in 2016
Lot Details
- 0.25 Acre Lot
- Cul-De-Sac
- Glass Fence
- Landscaped
- Sprinkler System
- Back and Front Yard
HOA Fees
- $485 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- Front Facing Garage
- Driveway
- On-Street Parking
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
- Canyon
- Hills
Home Design
- Turnkey
- Planned Development
- Spanish Tile Roof
- Tile Roof
- Stucco
Interior Spaces
- 6,309 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wired For Sound
- Wired For Data
- Built-In Features
- Beamed Ceilings
- Two Story Ceilings
- Recessed Lighting
- Entryway
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room
- Dining Room
- Den
- Bonus Room
- Storage
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Walk-In Pantry
- Butlers Pantry
- Double Oven
- Six Burner Stove
- Built-In Range
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Stone Countertops
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- Double Master Bedroom
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Soaking Tub
- Multiple Shower Heads
- Separate Shower
- Exhaust Fan In Bathroom
- Closet In Bathroom
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Spa
- Covered Patio or Porch
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Schools
- Andersen Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Additional Features
- More Than Two Accessible Exits
- Zoned Heating and Cooling
Listing and Financial Details
- Tax Lot 56
- Tax Tract Number 15811
- Assessor Parcel Number 47725318
Community Details
Overview
- Pacific Ridge Association, Phone Number (949) 497-3440
- First Service Residential HOA
- Built by The New Home Company
- Fiano Subdivision, Fiano Plan 1A
- Foothills
- Mountainous Community
- Property is near a ravine
Amenities
- Outdoor Cooking Area
- Community Fire Pit
- Community Barbecue Grill
- Recreation Room
Recreation
- Community Pool
- Community Spa
- Park
- Hiking Trails
- Bike Trail
Security
- 24-Hour Security
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2020
Closed on
May 3, 2021
Sold by
Feng Zhenhua and Pan Changjun
Bought by
Feng Zhenhua and Pan Changjun
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Winnie Cheng
Treeline Realty & Investment
List Price
$7,695,000
Sold Price
$7,380,000
Premium/Discount to List
-$315,000
-4.09%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,157,171
Avg. Annual Appreciation
5.95%
Purchase Details
Listed on
Oct 13, 2020
Closed on
Mar 29, 2021
Sold by
Kraemer Kenneth L and Kraemer Norine F
Bought by
Feng Zhenhua and Pan Changjun
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Winnie Cheng
Treeline Realty & Investment
List Price
$7,695,000
Sold Price
$7,380,000
Premium/Discount to List
-$315,000
-4.09%
Purchase Details
Closed on
Aug 3, 2016
Sold by
The New Home Company Southern California
Bought by
Kraemer Kenneth L and Kraemer Norine F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,999,000
Interest Rate
3.41%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Feng Zhenhua | -- | Ticor Title Company | |
| Feng Zhenhua | $7,380,000 | Ticor Title Company | |
| Kraemer Kenneth L | $4,983,000 | First American Title Hsd |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kraemer Kenneth L | $2,999,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2021 04/12/21 | Sold | $7,380,000 | -4.1% | $1,170 / Sq Ft |
| 02/07/2021 02/07/21 | Pending | -- | -- | -- |
| 01/05/2021 01/05/21 | For Sale | $7,695,000 | +4.3% | $1,220 / Sq Ft |
| 12/23/2020 12/23/20 | Off Market | $7,380,000 | -- | -- |
| 10/13/2020 10/13/20 | For Sale | $7,695,000 | -- | $1,220 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $90,151 | $7,988,349 | $5,959,920 | $2,028,429 |
| 2024 | $90,151 | $7,831,715 | $5,843,059 | $1,988,656 |
| 2023 | $88,194 | $7,678,152 | $5,728,489 | $1,949,663 |
| 2022 | $86,291 | $7,527,600 | $5,616,165 | $1,911,435 |
| 2021 | $62,810 | $5,342,430 | $3,726,908 | $1,615,522 |
| 2020 | $62,577 | $5,287,650 | $3,688,693 | $1,598,957 |
| 2019 | $61,998 | $5,183,971 | $3,616,366 | $1,567,605 |
| 2018 | $60,837 | $5,082,325 | $3,545,457 | $1,536,868 |
| 2017 | $60,985 | $4,982,672 | $3,475,938 | $1,506,734 |
| 2016 | $8,446 | $96,466 | $96,466 | $0 |
| 2015 | $7,797 | $95,017 | $95,017 | $0 |
| 2014 | $7,712 | $93,156 | $93,156 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Cain
-
Winnie Cheng
W
Buyer's Agent in 2021
Winnie Cheng
Treeline Realty & Investment
(626) 244-5880
2 in this area
40 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20194337
APN: 477-253-18
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