Asset Details
Description of Property: Single family home located in the Corona Del Mar neighborhood. IRS evaluated the value of the home at $4,043,311.
Property May Be Inspected At: 2921 Setting Sun Drive, Corona Del Mar, CA 92625-1521 (Drive-by only.)
Legal Description:
Real Property in the City of Newport Beach, County of Orange, State of California, Described as follows:
A leasehold estate created by that certain lease executed by the Irvine Company Lessor, and Harbor View Hills Development Corporation, Lessee, and subject to all of the provisions therein contained as disclosed by said document, recorded June 14, 1961 as instrument No. Book 5753, Page 202 of Official Records of Orange County, California.
Lot 25 of Tract No. 3660 in the City of Newport Beach, County of Orange, State of California, as Per Map Recorded in Book 144, Page(s) 9, 10 and 11 of Miscellaneous Maps, in the Office of the County Recorder of Said County.
PARCEL #: 458-663-09
Firearms Prohibited
Members of the public attending the auction are prohibited from carrying/possessing a firearm(s) at the auction, even if carrying/possessing a firearm(s) is otherwise permitted under state or local law. The term “firearm” means any weapon (including a starter gun) which will or is designed to or may readily be converted to expel a projectile by the action of an explosive.
Asset Info
Description of Property: Single family home located in the Corona Del Mar neighborhood. IRS evaluated the value of the home at $4,043,311.
Property May Be Inspected At: 2921 Setting Sun Drive, Corona Del Mar, CA 92625-1521 (Drive-by only.)
Legal Description:
Real Property in the City of Newport Beach, County of Orange, State of California, Described as follows:
A leasehold estate created by that certain lease executed by the Irvine Company Lessor, and Harbor View Hills Development Corporation, Lessee, and subject to all of the provisions therein contained as disclosed by said document, recorded June 14, 1961 as instrument No. Book 5753, Page 202 of Official Records of Orange County, California.
Lot 25 of Tract No. 3660 in the City of Newport Beach, County of Orange, State of California, as Per Map Recorded in Book 144, Page(s) 9, 10 and 11 of Miscellaneous Maps, in the Office of the County Recorder of Said County.
PARCEL #: 458-663-09
Minimum Bid: The minimum acceptable bid is $2,140,630.13 and the Agreement to Bid must be received no later than July 7, 2025.
Click here for Agreement to Bid form.
Click here for photos of the property.
To redeem the property under (Section 7425(d) of the Internal Revenue Code or Section 2410 of Title 28 of the United States Code), the Internal Revenue Service must obtain a written agreement to bid, secured by a deposit of 20% of the amount of the bid. The deposit should be made payable to the “United States Treasury Department” in the form of a cashier’s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit. If redeemed, the property will be sold pursuant to Section 7506 of the Internal Revenue Code subject to any prior outstanding mortgages, encumbrances, or other liens that may be superior to the lien of the United States. Agreements to bid must be accompanied by the required deposit.
The Agreement to Bid and deposit should be sent to:
Internal Revenue Service
Attn: J. Danieles, Mail Stop 4444
290 N. D Street
San Bernardino, CA 92401
For Additional information, please contact J. Danieles, CEASO Advisor, at 909-388-8153.