ParkingDoor-Multi, Direct Access, Garage, Garage Faces Rear, Storage
Attached Garage2 spaces
Year Built2016
HeatingForced Air
CoolingCentral Air
FireplaceLiving Room, Primary Bedroom
ViewCity Lights
MLS #NP24127371
Lot Size0.08 Acres
StatusAccepting Backup Offers (Active Under Contract)
About 507 Orchid Ave
This distinguished 4-bedroom, 4.5-bathroom single family residence by renowned builders Patterson Custom Homes showcases a masterful blend of architectural innovation and contemporary elegance. The grandeur begins with soaring ceilings and wide plank oak floors that define the expansive living room, complemented by a fireplace with a tasteful mantel and disappearing glass doors leading to the verdant front yard. The gourmet kitchen is a culinary masterpiece, featuring premier appliances, a 6-burner plus griddle range, a charming country-style sink, custom cabinetry, and a substantial island with a breakfast bar overlooking the dining room and disappearing doors to the central courtyard. On the main floor, an ensuite guest room offers comfort and privacy, alongside ample storage options and a two-car garage with epoxy flooring and practical storage solutions. An elevator provides convenient access to all levels of the home. Upstairs, the master suite epitomizes luxury living with a spacious walk-in closet, a spa-inspired bathroom, an inviting fireplace, vaulted ceilings, and a balcony with captivating city views. Additional ensuite bedrooms, a laundry room, and an office complete this level with seamless functionality. Embrace quintessential Corona del Mar living from the sprawling rooftop deck with a generous covered cabana, perfect for entertaining or relaxing amidst the coastal breeze. This distinctive residence embodies the essence of Corona del Mar lifestyle, offering proximity to renowned beaches, top-rated schools, fine dining, and premier shopping destinations.
Property Details
Property Features
Property Information:
Year Built: 2016
Stories: 3
Living Area: 2,900 SqFt
Listing Office:
Office Name: Christie's International R.E. Southern California
Office Phone: (949) 702-7211
Listing Agent: Casey Lesher
Interior Features
Interior Information:
Appliances: Range, Dishwasher, Gas Cooktop, Disposal, Gas Range, Refrigerator
Flooring Type: Wood
Interior: Breakfast Bar, Built-in Features, Balcony, Cathedral Ceiling(s), Separate/Formal Dining Room, Furnished, High Ceilings, Open Floorplan, See Remarks, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Closet(s)
Fireplace: Living Room, Primary Bedroom
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 4
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Parking: Door-Multi, Direct Access, Garage, Garage Faces Rear, Storage
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
Other
Directions Information:
Directions: Cross Streets: Second Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $5,395,000
Price Per SqFt: $1,860/SqFt
Tax Information:
Annual Amount: $41,793
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Corona Del Mar, CA.
This property is $1.5M more than the Median Sold Price and $79/SqFt more than other homes in Corona Del Mar, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP24127371
Listing Office:
Office Name: Christie's International R.E. Southern California
Office Phone: (949) 702-7211
Listing Agent: Casey Lesher
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 13, 2016
Jul 13, 2016Home Sold
$3,672,500
May 01, 2015
May 01, 2015Home Sold
$1,600,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$41,793
$3,937,646
2020
$41,392
$3,897,271
2019
$39,719
$3,820,854
2018
$39,720
$3,745,936
2017
$39,016
$3,672,487
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$26.9K
Per Month
Principal & Interest
$26.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.2K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Harbor View Elementary School
900 Goldenrod Ave
Distance between this listing and this school0.49 miles
Public District Grades KG-6
8
/10
Lincoln Elementary School
3101 Pacific View Dr
Distance between this listing and this school1.05 miles
Public District Grades KG-6
8
/10
Andersen Elementary School
1900 Port Seabourne Way
Distance between this listing and this school1.85 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school3.25 miles
Public District Grades 7-8
9
/10
Vista Verde K - 8 School
6 Federation Way
Distance between this listing and this school3.28 miles
Public District Grades KG-8
8
/10
Rancho San Joaquin Middle School
4861 Michelson Dr
Distance between this listing and this school5.76 miles
Public District Grades 7-8
Nearby Schools
8
/10
Corona Del Mar Middle and High School
2101 Eastbluff Dr
Distance between this listing and this school2.64 miles
Public District Grades 7-12
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school3.22 miles
Public District Grades 9-12
10
/10
Early College High School
2990 Mesa Verde Dr E
Distance between this listing and this school4.17 miles
The neighbors living near this home have an average income of $77,734. The majority of Corona Del Mar, CA residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 507 Orchid Ave
What is the listing price of this property?
The listing price of 507 Orchid Ave property is $5,395,000.
What type of property is this?
The property 507 Orchid Ave is a house located in Corona Del Mar, California, 92625.
Is this property for sale now?
Accepting Backup Offers: 507 Orchid Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $41,793 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 13, 2016 for $3,672,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 507 Orchid Ave has 4 bedrooms and 4 full and 1 half bathrooms.
What is the square footage of this property?
The property 507 Orchid Ave is 2,900 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 507 Orchid Ave is 2016.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 507 Orchid Ave in Corona Del Mar, CA and zip code 92625 in the Flower Streets / Corona del Mar Village neighborhood. This 2,900 square foot home, which was built in 2016, sits on a 0.08 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $5,395,000.
In November 2024 more than 2 listings in Corona Del Mar, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below. In November 2024 median list price was $3,880,000 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Soccer
Soccer
Skiing/snowboarding
Men's Tennis
The Container Store
Nordstrom
Bloomingdales
Starbucks
California Pizza Kitchen
Bonefish Grill
BMW
Lexus
Acura
Alternative
Talk/Personality
News