NOT LISTED FOR SALE

Estimated Value: $7,061,000 - $9,234,478

5 Beds
5.5 Baths
4,900 Sq Ft
$1,678/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2012

Last sale price $3,100,000 $633 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $48,016 / mo

102 Days on Market

Highlights

  • Ocean View
  • Infinity Pool
  • Retreat
  • Newport Coast Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of August 2012

Back on the market. Motivated Sellers!! Fabulous value! Like the world famous Hearst Castle, 48 Via Burrone reveals an enchanting estate that is unLike any other. Unique finishes and surprises call from room to room in the nearly 5000 sq ft manse, which explores architecture from Moorish to Renaissance. Varying custom ceilings inspire residents and guests with hand painted coffered designs and hand stained India ink copper inlay. Variegated hues of jade and amber countertops and a wine closet complement the chef caliber kitchen. Relax by a 3 screen media wall or entertain by the built-in bar. Retreat to the luxurious master suite for a trip back to more sophisticated times. Romantic sunset views create a memorable backdrop for grand outdoor entertaining, where an infinity pool with a swim up bar, outdoor living area with fireplace and flat screen tv, and a kitchen complete with a keg and warming drawer, are certain to enhance an endless array of gatherings.

Last Agent to Sell the Property

Ilene Wallach

Real Brokerage Technologies, Inc License #01399028 Listed on: 04/16/2012

Real Brokerage Technologies, Inc

Last Buyer's Agent

Ilene Wallach

Real Brokerage Technologies, Inc License #01399028 Listed on: 04/16/2012

Real Brokerage Technologies, Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2001

Lot Details

  • 11,000 Sq Ft Lot
  • Cul-De-Sac
  • Block Wall Fence

HOA Fees

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • City Lights
  • Canyon

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Clay Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 4,900 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • French Doors
  • Formal Entry
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Den

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Bidet

Pool

  • Infinity Pool
  • Spa

Schools

  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Two cooling system units
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 0.27
  • Tax Tract Number 14070
  • Assessor Parcel Number 47303424

Community Details

Overview

  • Association Phone (949) 448-6064
  • Montecito Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2001

Lot Details

0.25 Acres

HOA Fees

$660 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Montecito
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47303424
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4900.00 Square Feet
  • Interior Amenities: Copper Plumbing Full
  • Flooring: Carpet, Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Family Kitchen, Dining Room
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 632.65
  • Room Type: Den, Family Room, Formal Entry, Living Room, Retreat
  • Spa Features: Private
  • Bathroom Features: Bidet

Exterior Features

  • Patio: No
  • View: City Lights, Canyon, Ocean
  • Fence: Yes
  • Fencing: Block
  • Pool Features: Infinity
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse, Pool, Tennis Court(s)
  • Association Fee: 85.00
  • Association #2 Fee: 575.00
  • Association Fee Frequency: Monthly
  • Phone: 949 448 6064
  • Senior Community: No

Schools

  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 11000.00
  • Lot Size Acres: 0.2530

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11000.0000 Square Feet

Tax Info

  • Tax Lot: 0.27
  • Tax Model: 3
  • Tax Tract Number: 14070

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2022
Sold by
Azer and Ann
Bought by
Azer Living Trust
Current Estimated Value
$8,223,120

Purchase Details

Listed on
Apr 16, 2012
Closed on
Jun 10, 2012
Sold by
Hyatt Mark E and Hyatt Honeybee
Bought by
Azer David and Azer Ann
Seller's Agent
Ilene Wallach
Real Brokerage Technologies, Inc
Buyer's Agent
Ilene Wallach
Real Brokerage Technologies, Inc
List Price
$3,499,000
Sold Price
$3,100,000
Premium/Discount to List
-$399,000
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Dec 5, 2005
Sold by
Hyatt Mark
Bought by
Hyatt Mark E and Hyatt Honeybee

Purchase Details

Closed on
Feb 6, 2002
Sold by
Hyatt Honeybee Victoria
Bought by
Hyatt Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
6.62%

Purchase Details

Closed on
Feb 4, 2002
Sold by
Milley Fredrick L
Bought by
Hyatt Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
6.62%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Cph Newport Coast Llc
Bought by
Miley Fredrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,538,070
Interest Rate
6.89%
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
Azer Living Trust -- None Listed On Document
Azer David $3,100,000 California Title
Hyatt Mark E -- --
Hyatt Mark -- Equity Title Company
Hyatt Mark $2,100,000 Equity Title Company
Miley Fredrick $2,051,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hyatt Mark $1,470,000
Previous Owner Miley Fredrick $1,538,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2012 08/08/12 Sold $3,100,000 -11.4% $633 / Sq Ft
07/27/2012 07/27/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $3,499,000 -- $714 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $40,976 $3,875,014 $2,766,351 $1,108,663
2024 $40,976 $3,784,919 $2,712,109 $1,072,810
2023 $39,666 $3,669,191 $2,658,931 $1,010,260
2022 $39,007 $3,597,247 $2,606,796 $990,451
2021 $37,710 $3,526,713 $2,555,682 $971,031
2020 $38,000 $3,490,551 $2,529,476 $961,075
2019 $37,399 $3,422,109 $2,479,878 $942,231
2018 $36,661 $3,355,009 $2,431,253 $923,756
2017 $37,085 $3,289,225 $2,383,581 $905,644
2016 $38,882 $3,224,731 $2,336,844 $887,887
2015 $38,610 $3,176,293 $2,301,742 $874,551
2014 $37,749 $3,114,074 $2,256,654 $857,420
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12001665

California Regional Multiple Listing Service (CRMLS)

APN: 473-034-24

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