$4,800,000
SOLD MAR 5, 2013
5 Beds
7 Baths
-- Sq Ft
0.58 Acres

Recently Sold

11% Below List Price

62 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Private Pool
  • Newport Coast Elementary School Rated A
  • Gated with Attendant
  • Primary Bedroom Suite

About This Home

As of January 2022

Spectacular view overlooks tranquil coastal canyons. Beautifully landscaped front and backyard with lovely pool and spa and built-in BBQ.On over 25100 Sq.Ft.lot. Eminently livable,spacious,flowing floor plan with 5 bedrooms,7 bath and 4 fireplaces. One main floor bedroom with full bath. Extensive marble floor throughout the main floor area. Impressive double height formal living and dining salons for entertaining. Great room with built-in media, wet bar,and wine storage. Built-in speakers throughout the house. Master suite with spa bath, dual fireplace, large walk-in closet and view terrace. Gourmet eat-in kitchen with professional grade appliances,granite countertops,large center island and custom cabinetry. Crown moldings throughout. Central vaccum system. Formal office/library at main floor. In-house dry sauna. Exclusive guarded gate community.

Last Agent to Sell the Property

Kooksun Lee

Together Realty License #01234818 Listed on: 02/15/2013

Last Buyer's Agent

Liz Grech

My Home Group Real Estate Inc. License #01114147

My Home Group Real Estate Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $104,307

Year Built

  • Built in 2001

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Garage Door Opener
  • Driveway
  • Gated Parking
  • Guest Parking

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Canyon
  • Mountain
  • Hills
  • Valley

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Custom Window Coverings
  • Wine Cellar
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Den
  • Library
  • Center Hall
  • Laundry on upper level

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Cooktop with Range Hood
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite

Pool

  • Private Pool
  • Spa

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Additional Features

  • Patio
  • 0.58 Acre Lot

Community Details

  • Gated with Attendant

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 15105
  • Assessor Parcel Number 47308333

Home Details

Home Type

Single Family

Est. Annual Taxes

$104,307

Year Built

Built in 2001

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: Preferred
  • Other Phone Number: 949-677-3840
  • Property Attached: No
  • Security: Gated with Guard
  • Subdivision Name Other: Pelican Crest
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47308333
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Crown Molding, Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 7
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Area, Dining Room
  • Fireplace Features: Great Room
  • Levels: Two
  • Room Type: Center Hall, Den, Family Room, Great Room, Library, Living Room, Main Floor Bedroom, Master Suite, Wine Cellar
  • Spa Features: Private
  • Window Features: Custom Covering
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • View: City Lights, Canyon, Hills, Mountain(s), Ocean, Panoramic, Valley
  • Fence: No
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Direct Garage Access, Garage Door Opener, Gated, Guest
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Disposal, Range Hood, Oven, Self Cleaning Oven, Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Inside, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Utilities
  • Association Fee: 405.00
  • Association #2 Fee: 253.00
  • Phone: 00000000
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 25106.00
  • Lot Size Acres: 0.5760

Multi Family

  • Lease Considered: No
  • Lot Size Area: 25106.0000 Square Feet

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 15105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2021
Closed on
Jan 4, 2022
Sold by
Samir M Patel Trust
Bought by
Akhparian Llc
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$9,350,000
Sold Price
$9,350,000
Current Estimated Value
$9,307,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,906
Avg. Annual Appreciation
-0.12%
Original Mortgage
$6,545,000
Outstanding Balance
$6,032,822
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$3,274,272

Purchase Details

Listed on
Jun 29, 2020
Closed on
Oct 22, 2020
Sold by
Ebrahim Abe Kaabipour and Ebrahim Shahla Kaabipo
Bought by
Samir M Patel Trust and Patel
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Paul Daftarian
Luxe Real Estate
List Price
$7,485,000
Sold Price
$7,100,000
Premium/Discount to List
-$385,000
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.03%
Original Mortgage
$4,970,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2019
Sold by
Aks Associates Llc
Bought by
Kaabipour Ebrahim Abe and Kaabipour Shahla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,999,500
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 5, 2019
Closed on
Apr 23, 2019
Sold by
Xu Yixin
Bought by
Aks Associates Llc
Seller's Agent
Michael La Riche
Coldwell Banker Realty
Buyer's Agent
Abe Kaabipour
AK Associates
List Price
$7,800,000
Sold Price
$7,100,000
Premium/Discount to List
-$700,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.33%

Purchase Details

Listed on
May 20, 2017
Closed on
May 5, 2017
Sold by
Newport Beach Star Llc
Bought by
Xu Yixin
Seller's Agent
Michael La Riche
Coldwell Banker Realty
Buyer's Agent
Michael La Riche
Coldwell Banker Realty
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$4,050,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 1, 2016
Closed on
Mar 22, 2017
Sold by
Jeaid Revilla J and Jeaid Ayed Al
Bought by
Newport Beach Star Llc
Seller's Agent
Cindy Chin
Cindy Chin Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$7,498,000
Sold Price
$6,750,000
Premium/Discount to List
-$748,000
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,050,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 15, 2013
Closed on
Feb 28, 2013
Sold by
Song Dong Hyo and Oh Sook Ja
Bought by
Newport Beach Star Trust
Seller's Agent
Kooksun Lee
Together Realty
Buyer's Agent
Liz Grech
My Home Group Real Estate Inc.
List Price
$5,390,000
Sold Price
$4,800,000
Premium/Discount to List
-$590,000
-10.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%
Original Mortgage
$2,880,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2005
Sold by
Song Dong Hyo and Oh Sook Ja
Bought by
Song Dong Hyo and Oh Sook Ja

Purchase Details

Closed on
Apr 18, 2005
Sold by
Irvine Community Development Co Llc
Bought by
Azizollahi Arsalan and Brokhim Nasrin A

Purchase Details

Closed on
Feb 17, 2005
Sold by
Azizollahi Arsalan and Brokhim Nasrin Azizzollahi
Bought by
Song Dong Hyo and Oh Sook Ja
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 Type Sale Price Title Company
Grant Deed $9,350,000 New Title Company Name
Grant Deed $7,100,000 Chicago Title
Grant Deed -- Chicago Title Company
Grant Deed $6,931,500 Chicago Title Company
Grant Deed $6,750,000 Fidelity National Title Oran
Quit Claim Deed -- Fidelity National Title Oran
Grant Deed $4,800,000 Landwood Title
Interfamily Deed Transfer -- --
Corporate Deed -- First American Title Co
Grant Deed $54,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,545,000 New Conventional
Previous Owner $4,970,000 New Conventional
Previous Owner $3,999,500 Adjustable Rate Mortgage/ARM
Previous Owner $4,050,000 Commercial
Previous Owner $2,880,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $9,350,000 0.0% $1,375 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
12/08/2021 12/08/21 For Sale $9,350,000 +31.7% $1,375 / Sq Ft
10/30/2020 10/30/20 Sold $7,100,000 -5.1% $1,044 / Sq Ft
09/19/2020 09/19/20 For Sale $7,485,000 +5.4% $1,100 / Sq Ft
08/29/2020 08/29/20 Off Market $7,100,000 -- --
08/24/2020 08/24/20 Pending -- -- --
07/27/2020 07/27/20 Price Changed $7,485,000 -4.6% $1,100 / Sq Ft
06/29/2020 06/29/20 For Sale $7,850,000 +10.6% $1,154 / Sq Ft
05/08/2019 05/08/19 Sold $7,100,000 -9.0% $1,044 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
04/07/2019 04/07/19 For Sale $7,800,000 +9.9% $1,147 / Sq Ft
04/02/2019 04/02/19 Off Market $7,100,000 -- --
02/22/2019 02/22/19 For Sale $7,800,000 0.0% $1,147 / Sq Ft
04/05/2018 04/05/18 Rented $20,000 +33.3% --
04/05/2018 04/05/18 Under Contract -- -- --
03/21/2018 03/21/18 Price Changed $15,000 0.0% $2 / Sq Ft
03/21/2018 03/21/18 For Rent $15,000 -25.0% --
02/09/2018 02/09/18 Off Market $20,000 -- --
01/25/2018 01/25/18 Price Changed $20,000 +11.1% $3 / Sq Ft
01/03/2018 01/03/18 Price Changed $18,000 -10.0% $3 / Sq Ft
12/03/2017 12/03/17 Price Changed $20,000 -16.7% $3 / Sq Ft
11/21/2017 11/21/17 Price Changed $24,000 +9.1% $4 / Sq Ft
11/20/2017 11/20/17 For Rent $22,000 +10.0% --
05/25/2017 05/25/17 Rented $20,000 -13.0% --
05/20/2017 05/20/17 For Rent $23,000 0.0% --
05/19/2017 05/19/17 Sold $6,750,000 -1.5% $992 / Sq Ft
01/29/2017 01/29/17 Price Changed $6,850,000 -8.6% $1,007 / Sq Ft
11/01/2016 11/01/16 For Sale $7,498,000 +56.2% $1,102 / Sq Ft
03/05/2013 03/05/13 Sold $4,800,000 -10.9% --
12/29/2012 12/29/12 Pending -- -- --
10/28/2012 10/28/12 For Sale $5,390,000 -- --
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 $104,307 $9,922,294 $5,677,462 $4,244,832
2024 $104,307 $9,727,740 $5,566,140 $4,161,600
2023 $101,962 $9,537,000 $5,457,000 $4,080,000
2022 $77,640 $7,242,000 $3,672,700 $3,569,300
2021 $75,534 $7,100,000 $3,600,686 $3,499,314
2020 $75,948 $7,070,002 $3,463,689 $3,606,313
2019 $75,645 $7,022,700 $3,878,244 $3,144,456
2018 $74,140 $6,885,000 $3,802,200 $3,082,800
2017 $55,654 $5,092,994 $1,933,369 $3,159,625
2016 $58,207 $4,993,132 $1,895,460 $3,097,672
2015 $57,769 $4,918,131 $1,866,988 $3,051,143
2014 $56,421 $4,821,792 $1,830,416 $2,991,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S716460

California Regional Multiple Listing Service (CRMLS)

APN: 473-083-33