Seller's Agent in 2017
Rex Mckown
Compass
(949) 689-5018
19 in this area
59 Total Sales
12 Fairway Point Newport Coast, CA 92657
Newport Coast NeighborhoodEstimated Value: $5,794,000
7
Beds
9
Baths
13,532
Sq Ft
$428/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Wine Cellar
- Heated In Ground Pool
- Newport Coast Elementary School Rated A
- Home Theater
- Primary Bedroom Suite
About This Home
As of December 2017Located on a highly sought-after west facing double lot in Pelican Hill, 12 Fairway Point is one of the few true estates in Newport. This 7 bedroom (all above ground) gem blends the finest of finishes with a gracious, open floor plan. The very spacious master suite features handsome office, 3 gigantic closets, expansive decks and wonderful bath area. All other bedrooms are generous suites as well, most with ocean views. A main floor dedicated theater, gourmet kitchen, wine area, bar area, pocketing doors, numerous loggia's and outdoor entertaining areas grace this property. All of this with very intimate yet expansive and unimpeded views of Newport Harbor, Catalina, Palos Verde and city lights. Must be seen to be appreciated
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $190,487
Year Built
- Built in 2002
Lot Details
- 0.83
HOA Fees
- $1,638 Monthly HOA Fees
Parking
- 8 Car Garage
Property Views
- White Water Ocean
- Marina
- Coastline
- Harbor
- Catalina
- Panoramic
- City Lights
- Golf Course
Interior Spaces
- 13,532 Sq Ft Home
- Wine Cellar
- Family Room with Fireplace
- Great Room
- Living Room with Fireplace
- Home Theater
- Home Office
Bedrooms and Bathrooms
- 7 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
Pool
- Heated In Ground Pool
- Gas Heated Pool
- Saltwater Pool
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- 0.83 Acre Lot
- Zoned Heating and Cooling
Listing and Financial Details
- Tax Lot 6-7
- Tax Tract Number 14249
- Assessor Parcel Number 47307107
Community Details
Overview
- Keystone Pacific Association, Phone Number (949) 833-2600
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Picnic Area
- Clubhouse
Recreation
- Tennis Courts
- Community Pool
- Community Spa
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 24, 2020
Sold by
Khoshbin Manuchehr and The Manuchehr Khoshbin Revocab
Bought by
Khoshbin Manuchehr and The Manuchehr Khoshbin Revocab
Total Days on Market
195
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,790,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 25, 2018
Sold by
U S Bank Na
Bought by
Khoshbin Manuchehr
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 3, 2017
Sold by
Styearns Glenn B and Styearns Melinda
Bought by
Khoshbin Manuchehr and Khoshbin Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,790,000
Interest Rate
3.62%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 21, 2005
Sold by
Stearns Glenn B and Burbano Melinda
Bought by
Stearns Glenn B and Stearns Melinda L
Purchase Details
Closed on
Jun 7, 2005
Sold by
Stearns Glenn B
Bought by
Stearns Glenn B and Burbano Melinda L
Purchase Details
Closed on
May 26, 2004
Sold by
Stearns Melinda L
Bought by
Stearns Glenn B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Apr 8, 2003
Sold by
Finley Family Lp
Bought by
Stearns Glenn B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Khoshbin Manuchehr | -- | Ticor Title Company Of Ca | |
| Khoshbin Manuchehr | $1,700,000 | Servicelink Title Co | |
| Khoshbin Manuchehr | $19,650,000 | Lawyers Title | |
| Stearns Glenn B | -- | -- | |
| Stearns Glenn B | -- | -- | |
| Stearns Glenn B | -- | New Century Title Company | |
| Stearns Glenn B | -- | Commerce Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Manuchehr Khoshbin Revocable T | $1,000,000 | |
| Open | Manuchehr Khoshbin Revocable T | $2,000,000 | |
| Closed | Manuchehr Khoshbin Revocable T | $2,000,000 | |
| Open | Manuchehr Khoshbin Revocable T | $5,000,000 | |
| Open | Khoshbin Manuchehr | $16,200,000 | |
| Closed | Khoshbin Manuchehr | $12,790,000 | |
| Closed | Khoshbin Manuchehr | $1,000,000 | |
| Closed | Khoshbin Manuchehr | $500,000 | |
| Previous Owner | Khoshbin Manuchehr | $11,790,000 | |
| Previous Owner | Stearns Glenn B | $9,425,000 | |
| Previous Owner | Stearns Glenn B | $7,000,000 | |
| Previous Owner | Stearns Glenn B | $4,000,000 | |
| Previous Owner | Stearns Glenn B | $4,000,000 | |
| Previous Owner | Stearns Glenn B | $3,250,000 | |
| Previous Owner | Stearns Glenn B | $3,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/01/2017 12/01/17 | Sold | $19,650,000 | 0.0% | $1,452 / Sq Ft |
| 07/25/2017 07/25/17 | Pending | -- | -- | -- |
| 06/29/2017 06/29/17 | Off Market | $19,650,000 | -- | -- |
| 01/11/2017 01/11/17 | For Sale | $23,000,000 | -- | $1,700 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $190,487 | $17,736,751 | $12,642,576 | $5,094,175 |
| 2023 | $186,145 | $17,388,972 | $12,394,682 | $4,994,290 |
| 2022 | $183,078 | $17,048,012 | $12,151,649 | $4,896,363 |
| 2021 | $179,059 | $16,713,738 | $11,913,382 | $4,800,356 |
| 2020 | $177,937 | $16,542,360 | $11,791,225 | $4,751,135 |
| 2019 | $174,395 | $16,218,000 | $11,560,024 | $4,657,976 |
| 2018 | $170,983 | $15,900,000 | $11,333,356 | $4,566,644 |
| 2017 | $80,945 | $7,425,246 | $3,654,458 | $3,770,788 |
| 2016 | $81,516 | $7,279,653 | $3,582,802 | $3,696,851 |
| 2015 | $80,853 | $7,170,306 | $3,528,985 | $3,641,321 |
| 2014 | $78,977 | $7,029,850 | $3,459,857 | $3,569,993 |
Source: Public Records
Agents Affiliated with this Home
-
Rex Mckown
-
Marcy Weinstein
Seller Co-Listing Agent in 2017
Marcy Weinstein
Compass
(949) 689-3550
16 in this area
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP17006888
APN: 473-071-07
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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