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714 Fernleaf Avenue

714 Fernleaf Avenue, Corona Del Mar, CA 92625
Property in Corona del Mar
Sold Aug 04, 2020
$1,871,500
$1,122,660 by First Republic Bank
Mortgage Due Sep 01, 2050
Sold Dec 16, 2004
$1,395,000
$976,500 by First Magnus Financial Corp
Mortgage Due Jan 01, 2035
Local assessors in Corona Del Mar, CA have categorized 714 Fernleaf Avenue as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 3,549 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. If we look only at the heated or air conditioned part of the building, then 714 Fernleaf Avenue has a total of 2,172 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 714 Fernleaf Avenue sold most recently in Jun 25, 2020 for a total of $1,871,500. If you work out the math, that's approximately a cost of $861.65 per sqft. Before that, the property was also sold for $1,395,000 in Nov 17, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $20,962 in taxes each year. 714 Fernleaf Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,947,108. If we break it down further, the land itself was valued at $1,841,508. Improvements to the property, however, were assessed at a total of $105,600. The property's total assessed value has been marked as more than the total market value 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,549
  • Total Building Area: 2,172
  • Gross Building Area: 2,172
  • Building Area: 2,172
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,172
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORONA DEL MAR TRACT
  • Land Acres: 0.082
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: A TR CORONA DEL MAR BLK 733 LOT 16

Ownership

  • Current Owner : AITKEN RONALD BRUCE
  • Current Owner 2: AITKEN SHERYLL C
  • Previous Owner : DOBBINS CAROLINE E
  • Owner Before Previous Owner: VALENTINE LYNNE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062701

Geography

  • Assessors Map Reference: 33-B1
  • Subdivision Tract Number: 186
  • Parcel: 459-034-04
  • Block: 733
  • Lot: 16
  • Latitude: 33.6025
  • Longitude: -117.872

    Address

  • Full Address: 714 Fernleaf Ave
  • Address - House Number: 714
  • Address - Street Name: Fernleaf
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Corona Del Mar
  • Carrier Code: C008
  • 4-Digit Zip Code: 2135
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,962
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 1,746,091
  • High Value: 2,395,932
  • Low Value: 1,096,249

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,122,660
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Aug 04, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,122,660
  • 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: Sep 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,947,108
  • Assessed Land Value: $1,841,508
  • Assessed Improvements Value: $105,600

    Sales

  • Current Sale Contract Date: Jun 25, 2020
  • Current Sale Recording Date: Aug 04, 2020
  • Current Sale Transaction ID: 11777801468
  • Current Sale Price: $1,871,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000381017
  • Previous Sale Recording Date: Dec 16, 2004
  • Previous Sale Contract Date: Nov 17, 2004
  • Previous Sale Amount: $1,395,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Aug 04, 2020
  • First Mortgage Loan Amount: $1,122,660
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MAGNUS FINANCIAL CORP
  • Previous Mortgage Transaction Date: Dec 16, 2004
  • Previous Mortgage Loan Amount: $976,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2035

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Frequently Asked Questions

What neighborhood is 714 Fernleaf Avenue located in?
The 714 Fernleaf Avenue is a located in the neighborhood of Corona del Mar in Corona del Mar, Corona Del Mar.
What is the average sales price for listings in 714 Fernleaf Avenue?
The average sales price for units in 714 Fernleaf Avenue is $0 currently.

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