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40 Drakes Bay Drive

40 Drakes Bay Drive, Corona Del Mar, CA 92625
Property in Spyglass Hill
Sold Nov 14, 1996
$658,000
$427,700 by Great Western Bank
Mortgage
40 Drakes Bay Drive has been categorized by the local assessors in Corona Del Mar, CA as a residential type of property. The building on the property was first built in 1976 and is 48 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 40 Drakes Bay Drive has 3,711 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 12,726 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 388 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of wood shake/ shingles. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 40 Drakes Bay Drive was last sold in Oct 14, 1996 for $658,000. According to our calculations, that's $177.31 per sqft. Current property owners are expected to pay $10,813 in taxes per year. The property on 40 Drakes Bay Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,030,066. To break that down further, the land itself was valued at $675,211. While improvements to the property were assessed at a total of $354,855. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 388
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,726
  • Total Building Area: 3,711
  • Gross Building Area: 3,711
  • Building Area: 3,711
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,711
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.292
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 7386 BLK LOT 11

Ownership

  • Current Owner : WAHLGREN LINDSTROM ANITA
  • Current Owner 2: THE SARANKJEKENI TRUST
  • Previous Owner : ARYA NARESH K
  • Previous Owner 2: ARYA RENU RENU
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062645

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 32-D6
  • Subdivision Tract Number: 7386
  • Parcel: 461-051-11
  • Lot: 11
  • Latitude: 33.6105
  • Longitude: -117.842

    Address

  • Full Address: 40 Drakes Bay Dr
  • Address - House Number: 40
  • Address - Street Name: Drakes Bay
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Corona Del Mar
  • Carrier Code: C012
  • 4-Digit Zip Code: 1008
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,813
  • Tax Rate Code Area: 07-086

    Appraisal Valuation

  • Standard Deviation: 0.1996
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 3,740,755
  • High Value: 4,487,721
  • Low Value: 2,993,789

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $427,700
  • First Open Lien Mortgage Lender: GREAT WESTERN BANK
  • First Open Lien Mortgage Recording Date: Nov 14, 1996
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $427,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,030,066
  • Assessed Land Value: $675,211
  • Assessed Improvements Value: $354,855

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 14, 1996
  • Current Sale Recording Date: Nov 14, 1996
  • Current Sale Transaction ID: 1038540004
  • Current Sale Price: $658,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19960576584

    Last Sale Mortgage

  • First Mortgage Lender: GREAT WESTERN BANK
  • First Mortgage Transaction Date: Nov 14, 1996
  • First Mortgage Loan Amount: $427,700

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 40 Drakes Bay Drive located in?
The 40 Drakes Bay Drive is a located in the neighborhood of Spyglass Hill in Newport Beach, Corona Del Mar.
What is the average sales price for listings in 40 Drakes Bay Drive?
The average sales price for units in 40 Drakes Bay Drive is $0 currently.

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