NOT LISTED FOR SALE

Estimated Value: $3,768,000 - $6,872,000

6 Beds
6.5 Baths
8,054 Sq Ft
$661/Sq Ft Est. Value

Last Sold January 23, 2017

Last sale price $7,050,000 $875 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $36,151/month

297 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Fireplace in Primary Bedroom
  • Newport Coast Elementary School Rated A
  • Primary Bedroom Suite
  • Home Office

About This Home

As of January 2017

Enjoy the rare flat wide lot that encompasses views of the Golf Course, Catalina, and the Harbor from this six bedroom 6 1/2 bath estate. Enter into two story grand foyer, living room and office with the splendor of ocean views from most rooms. The large Master with dual water closets and wardrobes with built in cabinetry and window and decks with views that need to be experienced to appreciate! Bright and light with new carpet, a great floor plan with a room in addition to the six bedrooms for theater or great gym. Sliding glass doors, Inset ceiling details set in high ceilings, Pool table room and Bar Outdoor Fireplace, Large Bar-B-Que, Pool and spa help you enjoy living In Pelican Hill at its finest.

Last Agent to Sell the Property

Rex Mckown

Compass License #01275953 Listed on: 03/01/2016

Compass

Co-Listed By

Marcy Weinstein

Compass License #01094198

Last Buyer's Agent

Ying Ye

Signature One Realty Grp, Inc License #01878042

Signature One Realty Grp, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $86,614

Year Built

  • Built in 1995

Lot Details

  • 0.4

HOA Fees

  • $728 Monthly HOA Fees

Parking

  • 4 Car Garage

Property Views

  • Ocean
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • City Lights

Interior Spaces

  • 8,054 Sq Ft Home
  • Family Room with Fireplace
  • Home Office

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite

Pool

  • In Ground Pool
  • In Ground Spa

Additional Features

  • 0.4 Acre Lot
  • Suburban Location
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tax Lot 109
  • Tax Tract Number 14065
  • Assessor Parcel Number 47306150

Home Details

Home Type

Single Family

Est. Annual Taxes

$86,614

Year Built

Built in 1995

Lot Details

0

HOA Fees

$728 per month

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Pelican Hill (NCPH)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47306150
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 8054.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 875.34
  • Room Type: Family Room, Master Bedroom, Master Suite, Office
  • Spa Features: In Ground, Private

Exterior Features

  • View: Bay, Catalina, City Lights, Coastline, Harbor, Ocean
  • Pool Features: In Ground, Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 728.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17350.00
  • Price Per Lot Square Foot: 518.73
  • Lot Size Acres: 0.3980

Multi Family

  • Lease Considered: No
  • Lot Size Area: 17350.0000 Square Feet

Tax Info

  • Tax Lot: 109
  • Tax Tract Number: 14065

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Dec 29, 2016
Sold by
Roossin Michael and Roossin Pamela
Bought by
Peng Hongbin and P&C Family Trust
Seller's Agent
Rex Mckown
Compass
Buyer's Agent
Ying Ye
Signature One Realty Grp, Inc
List Price
$8,999,999
Sold Price
$7,050,000
Premium/Discount to List
-$1,949,999
-21.67%
Current Estimated Value
$5,320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,730,000
Avg. Annual Appreciation
0.16%

Purchase Details

Closed on
Jun 8, 2005
Sold by
Roossin Michael
Bought by
Roossin Michael and Roossin Pamela

Purchase Details

Closed on
Nov 29, 2001
Sold by
Roossin Pamela
Bought by
Roossin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,930,000
Interest Rate
6.67%

Purchase Details

Closed on
May 29, 2001
Sold by
Roossin Michael and Roossin Pamela
Bought by
Roossin Michael and Roossin Pamela

Purchase Details

Closed on
Apr 29, 2001
Sold by
Roossin Pamela
Bought by
Roossin Michael and Roossin Pamela

Purchase Details

Closed on
Nov 17, 1998
Sold by
Roossin Michael C
Bought by
Roossin Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.5%

Purchase Details

Closed on
Aug 17, 1995
Sold by
Roossin Pamela S
Bought by
Roossin Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

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Average Value
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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
Peng Hongbin $7,050,000 Fidelity National Title Co
Roossin Michael -- Equity Title Company
Roossin Michael -- Orange Coast Title
Roossin Michael -- --
Roossin Michael -- --
Roossin Michael -- --
Roossin Michael -- --
Roossin Michael -- First American Title Ins Co
Roossin Michael C -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roossin Michael $1,930,000
Previous Owner Roossin Michael $2,000,000
Previous Owner Roossin Michael C $1,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2017 01/23/17 Sold $7,050,000 -21.7% $875 / Sq Ft
03/01/2016 03/01/16 For Sale $8,999,999 -- $1,117 / 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 $86,614 $8,189,225 $6,346,823 $1,842,402
2024 $86,614 $8,028,652 $6,222,375 $1,806,277
2023 $84,609 $7,864,408 $6,100,368 $1,764,040
2022 $83,212 $7,710,204 $5,980,753 $1,729,451
2021 $81,127 $7,559,024 $5,863,483 $1,695,541
2020 $80,937 $7,481,516 $5,803,360 $1,678,156
2019 $79,435 $7,334,820 $5,689,569 $1,645,251
2018 $77,854 $7,191,000 $5,578,008 $1,612,992
2017 $25,184 $2,201,248 $988,563 $1,212,685
2016 $26,953 $2,158,087 $969,180 $1,188,907
2015 $26,718 $2,125,671 $954,622 $1,171,049
2014 $26,108 $2,084,033 $935,923 $1,148,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16042431

California Regional Multiple Listing Service (CRMLS)

APN: 473-061-50