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1 Spinnaker

1 Spinnaker, Newport Coast, CA 92657
Property in Crystal Cove
Sold Dec 22, 2017
$7,202,000
$2,237,000 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2051
1 Spinnaker in Newport Coast, CA was first built in 2017 and is 7 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 7 partial bathrooms. 1 Spinnaker has 6,229 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 26,346 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a both a pool and a spa on the property. For those who need parking, there is a garage. The garage is 988 sqft. There are a total of 4 available parking spaces. The property was last sold in Nov 16, 2017 for $7,202,000. That's $1,156.20 per sqft. 1 Spinnaker was last assessed in 2023. The total value of the property was assessed at $7,939,430. Specifically, the land the property is located on was valued at $6,209,196. While improvements on the property were assessed at a total of $1,730,234. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $90,448. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 988
  • Parking Space Count: 4
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 26,346
  • Total Building Area: 6,229
  • Building Area: 6,229
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,229
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TR 15613
  • Land Acres: 0.605
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 15613 BLK LOT 1

Ownership

  • Current Owner : TRAN MICHAEL T
  • Current Owner 2: TRAN JING CHEN
  • Previous Owner : THE NEW HOME CO SOUTHERN CALIFORNIA LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Laguna Beach Unified School District
  • Census Tract: 062643

Geography

  • Subdivision Tract Number: 15613
  • Parcel: 489-161-25
  • Lot: 1
  • Latitude: 33.5874
  • Longitude: -117.825

    Address

  • Full Address: 1 Spinnaker
  • Address - House Number: 1
  • Address - Street Name: Spinnaker
  • State: CA
  • City Name: Newport Coast
  • Carrier Code: C094
  • 4-Digit Zip Code: 1911
  • Zip Code: 92657

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $90,448
  • Tax Rate Code Area: 07-221

    Appraisal Valuation

  • Standard Deviation: 0.2218
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 69
  • Final Value: 5,268,967
  • High Value: 6,438,146
  • Low Value: 4,099,789

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,237,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jan 27, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $2,237,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,939,430
  • Assessed Land Value: $6,209,196
  • Assessed Improvements Value: $1,730,234

    Sales

  • Current Sale Contract Date: Nov 16, 2017
  • Current Sale Recording Date: Dec 22, 2017
  • Current Sale Transaction ID: 11341244116
  • Current Sale Price: $7,202,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2017000555100

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 22, 2017
  • First Mortgage Loan Amount: $4,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2048

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Frequently Asked Questions

What neighborhood is 1 Spinnaker located in?
The 1 Spinnaker is a located in the neighborhood of Crystal Cove in Newport Coast, Newport Coast.
What is the average sales price for listings in 1 Spinnaker?
The average sales price for units in 1 Spinnaker is $0 currently.

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