NOT LISTED FOR SALE

Estimated Value: $6,879,000 - $9,836,000

0.46 Acre
$18,247,817 Price per Acre
19,950 Sq Ft Lot

Last Sold April 09, 2012

Last sale price $3,525,000

Est. 137% increase in value since last sale

Current estimated payment $53,127/month

11 Days on Market

About This Lot

As of April 2012

Very few lots in Crystal Cove offer such a supreme balance of size, shape, grade, & view as that which is found here. Measuring approx. 20K sq. ft., this remarkable parcel is relatively flat & slightly pie-shaped w/ 110 linear feet at the rear of the lot. These incredible features marry beautifully w/ the height & distance differential between Shell Beach & the street below, thereby creating an exceptional building site w/ a stunning view corridor consisting of ocean, Catalina, Harbor, & city lights. Also of note, this lot offers a rectangular building envelope, which will accommodate a myriad of impressive architectural styles. If you want a jump start on the building process, take advantage of the FULLY-APPROVED architectural plans by Brion Jeannette (included in the price). Set w/in amenities-rich Crystal Cove, residents enjoy access to a wonderfully-appointed community center, parks/hiking trails, close proximity to the beach/Crystal Cove Promenade, & 24/7 guard-gated security.

Last Agent to Sell the Property

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 03/16/2012

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

John Cain

Pacific Sotheby's Int'l Realty License #01467294 Listed on: 03/16/2012

Pacific Sotheby's Int'l Realty

Property Details

Property Type

  • Land

Lot Details

  • 0.46 Acre Lot
  • Property is zoned R1

Listing and Financial Details

  • Tax Lot 0.4
  • Tax Tract Number 16456
  • Assessor Parcel Number 47726134

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Assessments: Yes
  • Subdivision Name Other: Custom
  • Survey: Buyer Pays
  • View: No
  • Zoning: R1
  • Property Type: Land
  • Parcel Number: 47726134
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 176.83

Utilities

  • Utilities: Electricity Available
  • Water Well: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Current Geological: No
  • Lot Size Sq Ft: 19934.00
  • Lot Size Acres: 0.4580

Multi Family

  • Lot Size Area: 19934.0000 Square Feet

Tax Info

  • Tax Area: 07179
  • Tax Lot: 0.4
  • Tax Tract Number: 16456

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2016
Sold by
Kang Daniel S and Kang Krystal H
Bought by
Kang Living Trust
Current Estimated Value
$8,357,500

Purchase Details

Listed on
Mar 16, 2012
Closed on
Mar 27, 2012
Sold by
Thompson Mark A and Thompson Sue A
Bought by
Kang Daniel S and Kang Krystal H
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$3,895,000
Sold Price
$3,525,000
Premium/Discount to List
-$370,000
-9.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Mar 24, 2008
Sold by
Thompson Mark A and Thompson Sue A
Bought by
Thompson Mark A and Thompson Sue A

Purchase Details

Closed on
Jul 21, 2006
Sold by
Irvine Community Development Co Llc
Bought by
Thompson Mark A and Thompson Sue A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,925,000
Interest Rate
6.57%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kang Living Trust -- None Available
Kang Daniel S -- Advantage Title Company
Thompson Mark A -- None Available
Thompson Mark A -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thompson Mark A $2,925,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2012 04/09/12 Sold $3,525,000 -9.5% --
03/27/2012 03/27/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $3,895,000 -- --
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 $113,624 $10,700,797 $4,559,806 $6,140,991
2024 $113,624 $10,490,978 $4,470,398 $6,020,580
2023 $111,202 $10,285,273 $4,382,743 $5,902,530
2022 $108,884 $10,083,601 $4,296,806 $5,786,795
2021 $106,959 $9,885,884 $4,212,555 $5,673,329
2020 $105,670 $9,784,517 $4,169,361 $5,615,156
2019 $104,503 $9,592,664 $4,087,609 $5,505,055
2018 $102,523 $9,404,573 $4,007,460 $5,397,113
2017 $101,621 $9,220,170 $3,928,882 $5,291,288
2016 $87,928 $7,870,074 $3,851,845 $4,018,229
2015 $63,013 $5,481,649 $3,793,987 $1,687,662
2014 $43,511 $3,611,823 $3,611,823 $0
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S691593

California Regional Multiple Listing Service (CRMLS)

APN: 477-261-34