NOT LISTED FOR SALE

Estimated Value: $6,239,114 - $7,087,000

3 Beds
3.5 Baths
2,935 Sq Ft
$2,286/Sq Ft Est. Value

Last Sold January 19, 2017

Last sale price $4,008,880 $1,366 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $39,286/month

194 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • In Ground Spa
  • El Morro Elementary School Rated A+
  • 24-Hour Security
  • Updated Kitchen

About This Home

As of January 2017

Set in the gated enclave of Emerald Bay, this home artfully combines sleek, contemporary style with a warm and inviting coastal atmosphere. Completely remodeled with the highest quality materials, finishes and technology available today, the residence features three bedrooms, three and a half bathrooms and a private office. The great room is a focal point, with its vaulted hardwood ceilings and wall of glass doors that open seamlessly to the outdoor living spaces. A custom-built hardwood entertainment center beautifully defines one of several sitting areas in the great room.Caesar stone counters and Studio Becker cabinetry define the kitchen. Open to the great room, the kitchen offers state-of-the-art appliances including a Wolfe 8 burner stove and a Sub Zero refrigerator with two separate drink drawers. The deck off one of the bedrooms offers great ocean views; the master suite offers an array of luxuries. Designed for grand scale entertaining, the property boasts a wine cooler with space for over 150 bottles and a generous patio area complete with a built-in bar, a BBQ and a Spa that is located nearby the master suite. The community boasts a private beach, a pool and spa, numerous parks, volleyball and tennis courts, and a pristine, natural setting.

Last Agent to Sell the Property

Susan Weir

Berkshire Hathaway Homeservice License #01109388 Listed on: 05/24/2016

Berkshire Hathaway Homeservice

Co-Listed By

Carter Weir

Berkshire Hathaway Homeservice License #01455381

Last Buyer's Agent

Dean Ledger

Emerald Bay Real Estate License #01154116

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 6,000 Sq Ft Lot
  • Cul-De-Sac
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $589 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Coastline

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,935 Sq Ft Home
  • Custom Window Coverings
  • Home Office
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Built-In Range
  • Kitchen Island

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Outdoor Features

  • In Ground Spa
  • Property has ocean access
  • Deck
  • Patio
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 1092
  • Assessor Parcel Number 05303108

Community Details

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Laundry Facilities
  • 24-Hour Security

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$589 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Gated Community, Gated with Guard, Guarded
  • Subdivision Name Other: Emerald Bay (EB)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05303108
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2935.00 Square Feet
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area, In Kitchen
  • Fireplace Features: Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 1365.89
  • Room Type: Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Office
  • Spa Features: Association, In Ground, Private
  • Window Features: Custom Covering
  • Room Kitchen Features: Kitchen Island, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Coastline, Ocean
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range
  • Heating Type: Central, Zoned
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Dual, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 7072.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 6000.00
  • Price Per Lot Square Foot: 732.50

Multi Family

  • Lease Considered: No
  • Waterfront Features: Ocean Access

Tax Info

  • Tax Lot: 47
  • Tax Tract Number: 1092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Dec 8, 2016
Sold by
Vandermolen Louis A
Bought by
Beggs Kevin and Lau Dianna
Seller's Agent
Susan Weir
Berkshire Hathaway Homeservice
Buyer's Agent
Dean Ledger
Emerald Bay Real Estate
List Price
$5,799,000
Sold Price
$4,008,880
Premium/Discount to List
-$1,790,120
-30.87%
Current Estimated Value
$6,708,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,699,149
Avg. Annual Appreciation
5.87%
Original Mortgage
$3,000,000
Outstanding Balance
$2,382,739
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,325,290

Purchase Details

Closed on
Apr 12, 2006
Sold by
Vandermolen Louis A
Bought by
Vandermolen Louis A and Vandermolen Revocable Management Trust

Purchase Details

Closed on
Oct 11, 2004
Sold by
Conners John K and Conners Diana J
Bought by
Vandermolen Md Louis A

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
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2004
Sold by
Vandermolen Mary Kay
Bought by
Vandermolen Md Louis A

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
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2003
Sold by
Simpson Kendall C
Bought by
Conners John K and Conners Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
2.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2000
Sold by
Imai Hiroshi and Imai Veronica
Bought by
Simpson Kendall C and Simpson 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
$1,100,000
Interest Rate
7.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Beggs Kevin $4,009,000 California Title Company
Vandermolen Louis A -- None Available
Vandermolen Md Louis A $3,250,000 California Title Company
Vandermolen Md Louis A -- California Title Company
Conners John K $2,550,000 Chicago Title Co
Simpson Kendall C $1,650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beggs Kevin $3,000,000
Previous Owner Vandermolen Md Louis A $1,000,000
Previous Owner Conners John K $1,100,000
Previous Owner Simpson Kendall C $1,100,000
Closed Conners John K $500,000
Closed Vandermolen Md Louis A $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2017 01/19/17 Sold $4,008,880 -5.7% $1,366 / Sq Ft
10/28/2016 10/28/16 Price Changed $4,250,000 -3.3% $1,448 / Sq Ft
08/08/2016 08/08/16 Price Changed $4,395,000 -12.0% $1,497 / Sq Ft
07/11/2016 07/11/16 Price Changed $4,995,000 -13.9% $1,702 / Sq Ft
05/24/2016 05/24/16 For Sale $5,799,000 -- $1,976 / 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 $46,355 $4,652,646 $3,915,400 $737,246
2024 $46,355 $4,561,418 $3,838,627 $722,791
2023 $45,293 $4,471,979 $3,763,360 $708,619
2022 $44,444 $4,384,294 $3,689,569 $694,725
2021 $43,593 $4,298,328 $3,617,225 $681,103
2020 $43,143 $4,254,254 $3,580,134 $674,120
2019 $42,404 $4,170,838 $3,509,936 $660,902
2018 $41,580 $4,089,057 $3,441,113 $647,944
2017 $42,047 $4,134,982 $3,511,554 $623,428
2016 $41,257 $4,053,904 $3,442,700 $611,204
2015 $40,647 $3,993,011 $3,390,987 $602,024
2014 $39,875 $3,914,794 $3,324,562 $590,232
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16110627

California Regional Multiple Listing Service (CRMLS)

APN: 053-031-08