NOT LISTED FOR SALE

Estimated Value: $6,426,000 - $8,717,000

3 Beds
4 Baths
3,864 Sq Ft
$1,959/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $3,150,000 $815 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $51,934/month

42 Days on Market

Highlights

  • Ocean View
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom Retreat
  • Newport Coast Elementary School Rated A
  • Clubhouse
  • Retreat

About This Home

As of May 2021

This newly renovated home boasts approx. 3,864 sqft of transitional living space, highlighted by vibrant LED lighting, new cabinetry throughout, and new quartz countertops. A gourmet chef’s kitchen featuring Viking appliances is complemented by an open floor plan that creates seamless transitions into the family room and formal dining area. Large, dual-pane windows allow an abundance of natural light to permeate every inch of the interior living space, creating a tranquillity en par with world class resorts. The expansive master suite provides an ideal retreat, while the master bath provides a spa-like ambiance complete with oversized shower, walk-in closet, and dual vanities. Seldom found in the community, this oversized lot creates the setting for the resort style backyard, complete with outdoor seating and grassy knoll ideal for large scale celebrations or intimate gatherings alike. Immediate proximity to award winning schools, world class resorts, and picturesque beaches complete this dream home.

Last Listed By

Paul Daftarian

Luxe Real Estate License #01317949 Listed on: 02/18/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $110,484

Year Built

  • Built in 1998

Lot Details

  • 6,120 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Density is up to 1 Unit/Acre

HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Woods
  • Peek-A-Boo

Interior Spaces

  • 3,864 Sq Ft Home
  • Electric Fireplace
  • Entryway
  • Family Room with Fireplace
  • Living Room
  • Home Office
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 14859
  • Assessor Parcel Number 47712125

Community Details

Overview

  • Pelican Ridge Association, Phone Number (949) 582-7770
  • First Service Residential HOA
  • Pelican Ridge Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Additional Features

  • Clubhouse
  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$110,484

Year Built

Built in 1998

Lot Details

0

HOA Fees

$548 per month

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: Show Phone
  • Other Phone Number: 949.444.3896
  • Property Attached: No
  • Subdivision Name Other: Pelican Ridge (NCPR)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 47712125
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3864.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Master Retreat, Electric
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 815.22
  • Room Type: Den, Entry, Family Room, Kitchen, Living Room, Master Suite, Office, Retreat, Walk-In Closet

Exterior Features

  • View: Ocean, Peek-A-Boo, Trees/Woods
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Playground, Tennis Court(s), Clubhouse, Guard, Security
  • Association Fee: 440.00
  • Association #2 Fee: 324.00
  • Association #2 Fee Frequency: Quarterly
  • Association Fee Frequency: Monthly
  • Association Name: Pelican Ridge
  • Phone: 9495827770
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
  • Association Management: First Service Residential

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Landscaped
  • Lot Size Sq Ft: 6120.00
  • Lot Size Acres: 0.1405

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6120.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 626.43
  • Tax Lot: 7
  • Tax Tract Number: 14859

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2003
Sold by
Maffei Michael D and Maffei Melinda W
Bought by
Arakelian Ronald J and The Ron & Shelly Arakelian Trust
Total Days on Market
42
Current Estimated Value
$7,571,500

Purchase Details

Closed on
Jul 20, 1999
Sold by
Voss Claudia
Bought by
Maffei Michael D and Maffei Melinda W

Purchase Details

Closed on
Feb 16, 1999
Sold by
Voss Wolf Dieter
Bought by
Voss Claudia

Purchase Details

Closed on
Aug 28, 1997
Sold by
Irvine Community Development Company
Bought by
1 Tidecrest Ltd Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.45%

Purchase Details

Closed on
Mar 6, 1996
Sold by
Chen Charles H
Bought by
Voss Wolf Dieter and Voss Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.87%

Purchase Details

Closed on
Mar 12, 1993
Sold by
The Irvine Company
Bought by
Chen Charles H

Range of Values:

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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
Arakelian Ronald J -- --
Maffei Michael D $3,020,000 North American Title Co
Voss Claudia -- --
1 Tidecrest Ltd Partnership -- First American Title Ins Co
Voss Wolf Dieter $2,400,000 North American Title Co
Chen Charles H -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arakelian Ronald J $9,999,999
Closed Arakelian Ronald J $0
Previous Owner 1 Tidecrest Ltd Partnership $540,000
Previous Owner Voss Wolf Dieter $970,000
Previous Owner Voss Wolf Dieter $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2021 05/25/21 Sold $3,150,000 -4.5% $815 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
02/18/2021 02/18/21 Price Changed $3,299,000 0.0% $854 / Sq Ft
02/18/2021 02/18/21 For Sale $3,299,000 -- $854 / 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
2024 $110,484 $10,334,006 $4,840,574 $5,493,432
2023 $107,995 $10,131,379 $4,745,661 $5,385,718
2022 $106,216 $9,932,725 $4,652,609 $5,280,116
2021 $103,687 $9,737,966 $4,561,381 $5,176,585
2020 $103,282 $9,638,116 $4,514,610 $5,123,506
2019 $101,309 $9,449,134 $4,426,088 $5,023,046
2018 $99,290 $9,263,857 $4,339,302 $4,924,555
2017 $98,543 $9,082,213 $4,254,217 $4,827,996
2016 $98,653 $8,904,131 $4,170,801 $4,733,330
2015 $97,821 $8,770,383 $4,108,152 $4,662,231
2014 $95,537 $8,598,584 $4,027,679 $4,570,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21022141

California Regional Multiple Listing Service (CRMLS)

APN: 473-061-52