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5 San Martin Way

5 San Martin Way, Corona Del Mar, CA 92625
Property in Spyglass Hill
Sold Jan 03, 2023
$6,995,000
Sold Apr 17, 2020
$756,500
$718,390 by Cornerstone Home Lending Inc
Mortgage Due May 01, 2050
5 San Martin Way in Corona Del Mar, CA was first built in 1973 and is 51 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5 San Martin Way has 2,842 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 18,000 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 pool on the property. For those who need parking, there is a garage. The garage is 630 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as excellent. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Oct 20, 2022 for $6,995,000. That's $2,461.29 per sqft. Prior to that sales transaction, the property was also sold in Mar 25, 2020 for $756,500. 5 San Martin Way was last assessed in 2023. The total value of the property was assessed at $3,081,802. Specifically, the land the property is located on was valued at $2,797,375. While improvements on the property were assessed at a total of $284,427. 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 $32,687. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Building Quality: B
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 630
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 18,000
  • Total Building Area: 2,842
  • Gross Building Area: 2,842
  • Building Area: 2,842
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,842
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 17993
  • Land Acres: 0.413
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 7844 BLK LOT 41

Ownership

  • Current Owner : SOIL FAMILY TRUST
  • Previous Owner : BITARAFAN BT
  • Owner Before Previous Owner: TAYLOR MORRISON OF CALIFORNIA LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: 32-D6
  • Subdivision Tract Number: 7844
  • Parcel: 461-013-01
  • Lot: 41
  • Latitude: 33.61
  • Longitude: -117.848

    Address

  • Full Address: 5 San Martin Way
  • Address - House Number: 5
  • Address - Street Name: San Martin
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Corona Del Mar
  • Carrier Code: C012
  • 4-Digit Zip Code: 1032
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $32,687
  • Tax Rate Code Area: 07-034

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 3,915,040
  • High Value: 4,719,261
  • Low Value: 3,110,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,081,802
  • Assessed Land Value: $2,797,375
  • Assessed Improvements Value: $284,427

    Sales

  • Current Sale Contract Date: Oct 20, 2022
  • Current Sale Recording Date: Jan 03, 2023
  • Current Sale Transaction ID: 11900482760
  • Current Sale Price: $6,995,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 613
  • Previous Sale Recording Date: Apr 17, 2020
  • Previous Sale Contract Date: Mar 25, 2020
  • Previous Sale Amount: $756,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Jan 03, 2023
  • First Mortgage Loan Amount: $2,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: CORNERSTONE HOME LENDING INC
  • Previous Mortgage Transaction Date: Apr 17, 2020
  • Previous Mortgage Loan Amount: $718,390
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050

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Frequently Asked Questions

What neighborhood is 5 San Martin Way located in?
The 5 San Martin Way is a located in the neighborhood of Spyglass Hill in Newport Beach, Corona Del Mar.
What is the average sales price for listings in 5 San Martin Way?
The average sales price for units in 5 San Martin Way is $0 currently.

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