Seller's Agent in 2021
Kathy Zhou
Ascendant Realty
(626) 258-9253
1 in this area
20 Total Sales
8 Pinnacle Point Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $8,782,000 - $10,547,530
5
Beds
5.5
Baths
5,382
Sq Ft
$1,762/Sq Ft
Est. Value
Highlights
- Ocean View
- 24-Hour Security
- Primary Bedroom Suite
- Newport Coast Elementary School Rated A
- Private Pool
- Updated Kitchen
About This Home
As of July 2021Welcome to this oversized premier corner lot residence with amazing ocean views from upstairs bedrooms, office, and balcony! Situated on the highest, most desirable cul-de-sac street within a 24-hour guard-gated, prestigious community of Pelican Ridge, you can sense the privacy and serenity. Open concept floor plan and abundance of windows and French doors throughout the walls make the home interior extremely bright; Recently underwent an extensive remodeling: Kitchen with Taj Mahal quartzite top, new cabinets, new upscale Wolf appliances including two dishwashers, refrigerator, 8-burner gas range with dual oven, an extra single oven, microwave oven; Newly installed carpet in all bedrooms, office, and living room; Freshly painted interior and exterior. Three new vanities, and much more. It boasts five bedroom suits with two downstairs, five full baths, and a half bath, a workout room that can be converted to a huge hers closet adjacent to the master bedroom, an executive office upstairs, a wet bar near the formal dining room. The three-car garage with spacious exercise/storage area. The huge lush backyard features an outdoor fireplace, swimming pool with water fountain and jacuzzi, built-in BBQ, patios, fire pit, provides the paradise for gathering and entertainment. This home is close to the Pelican Hill Resort and Golf Course. Must see to appreciate.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $73,103
Year Built
- Built in 1997
Lot Details
- 0.36 Acre Lot
- Wrought Iron Fence
- Density is 2-5 Units/Acre
HOA Fees
Parking
- 3 Car Direct Access Garage
- Parking Available
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,382 Sq Ft Home
- 2-Story Property
- Wired For Sound
- Bar
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Formal Entry
- Family Room
- Living Room with Fireplace
- Home Office
- Bonus Room
- Home Gym
- Fire Sprinkler System
Kitchen
- Updated Kitchen
- Double Oven
- Gas Range
- Kitchen Island
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- In-Law or Guest Suite
- Soaking Tub
- Bathtub with Shower
- Separate Shower
Laundry
- Laundry Room
- Gas Dryer Hookup
Outdoor Features
- Private Pool
- Balcony
- Open Patio
- Outdoor Fireplace
- Exterior Lighting
Schools
- Corona Del Mar High School
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tax Lot 58
- Tax Tract Number 14038
- Assessor Parcel Number 47707128
Community Details
Overview
- Pelican Ridge Estate Association, Phone Number (800) 428-5588
- Keystone Pacific Association, Phone Number (949) 833-2600
- First Service Residential HOA
- Pelican Ridge Subdivision
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2021
Closed on
Jul 10, 2021
Sold by
Zho Wuzhong and Chen Ting
Bought by
Yang Xuequin
Seller's Agent
Kathy Zhou
Ascendant Realty
Buyer's Agent
Jenn Chen
MiLuxe Realty
List Price
$6,700,000
Sold Price
$6,500,000
Premium/Discount to List
-$200,000
-2.99%
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
$2,984,883
Avg. Annual Appreciation
9.41%
Purchase Details
Listed on
Nov 28, 2013
Closed on
Jun 25, 2014
Sold by
Berman Stuart and Berman Toni A
Bought by
Zhao Wuzhong and Chen Ting
Seller's Agent
Lucy Scott
ReMax 2000 Realty
Buyer's Agent
Chesley Chao
Kingston Realty
List Price
$4,980,000
Sold Price
$4,280,000
Premium/Discount to List
-$700,000
-14.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$2,973,600
Interest Rate
3.11%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 10, 2003
Sold by
Anderson J Todd
Bought by
Berman Stuart and Berman Toni A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 7, 1998
Sold by
Bravante George R and Bravante Nancy N
Bought by
Anderson J Todd and The Anderson Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 29, 1997
Sold by
Catellus Residential Ocean Ridge Inc
Bought by
Bravante George R and Bravante Nancy N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.44%
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 |
|---|---|---|---|
| Yang Xuequin | $6,500,000 | Old Republic Title Company | |
| Zhao Wuzhong | $4,248,000 | Fidelity National Title | |
| Berman Stuart | $2,556,000 | Chicago Title Co | |
| Anderson J Todd | -- | Stewart Title | |
| Bravante George R | $1,082,727 | First American Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Zhao Wuzhong | $2,973,600 | |
| Previous Owner | Berman Stuart | $650,000 | |
| Previous Owner | Anderson J Todd | $1,000,000 | |
| Previous Owner | Bravante George R | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2021 07/16/21 | Sold | $6,500,000 | -3.0% | $1,208 / Sq Ft |
| 07/02/2021 07/02/21 | Pending | -- | -- | -- |
| 06/27/2021 06/27/21 | For Sale | $6,700,000 | +56.5% | $1,245 / Sq Ft |
| 06/30/2014 06/30/14 | Sold | $4,280,000 | -4.8% | $793 / Sq Ft |
| 01/22/2014 01/22/14 | Price Changed | $4,498,000 | -1.8% | $833 / Sq Ft |
| 12/06/2013 12/06/13 | Price Changed | $4,580,000 | -8.0% | $848 / Sq Ft |
| 11/28/2013 11/28/13 | For Sale | $4,980,000 | -- | $922 / 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 | $73,103 | $6,897,852 | $5,661,213 | $1,236,639 |
| 2024 | $73,103 | $6,762,600 | $5,550,208 | $1,212,392 |
| 2023 | $71,483 | $6,630,000 | $5,441,380 | $1,188,620 |
| 2022 | $70,301 | $6,500,000 | $5,334,686 | $1,165,314 |
| 2021 | $51,620 | $4,810,894 | $3,644,132 | $1,166,762 |
| 2020 | $51,683 | $4,761,565 | $3,606,766 | $1,154,799 |
| 2019 | $50,795 | $4,668,201 | $3,536,045 | $1,132,156 |
| 2018 | $49,789 | $4,576,668 | $3,466,711 | $1,109,957 |
| 2017 | $49,847 | $4,486,930 | $3,398,736 | $1,088,194 |
| 2016 | $50,906 | $4,398,951 | $3,332,094 | $1,066,857 |
| 2015 | $50,519 | $4,332,875 | $3,282,043 | $1,050,832 |
| 2014 | $36,184 | $3,023,617 | $2,140,712 | $882,905 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Zhou
-
Jenn Chen
Buyer's Agent in 2021
Jenn Chen
MiLuxe Realty
(562) 569-8872
7 in this area
22 Total Sales
-
Paul Daftarian
Buyer Co-Listing Agent in 2021
Paul Daftarian
Luxe Real Estate
(714) 865-5969
90 in this area
242 Total Sales
-
L
Seller's Agent in 2014
Lucy Scott
RE/MAX
-
C
Buyer's Agent in 2014
Chesley Chao
Kingston Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21139354
APN: 477-071-28
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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