What, Exactly, Is My New Property Tax Under Proposition 19 Family Transfers
("new" property tax basis) = ((Fair Market Value) - ((old property tax basis) + $1,000,000)) + (old property tax basis))…
Lucas Real Estate is a unique full-service residential real estate brokerage and residential real estate law firm, offering both real estate brokerage services and real estate legal services, including expert tax advice, under one roof. 100 percent of our business is California residential real estate. Devin R. Lucas (full bio) is a Real Estate Attorney, Real Estate Broker and REALTOR®; Courtney R. Lucas (full bio) is a REALTOR®, CPA and former Assurance Manager with Ernst & Young.
The Lucases assists individuals, investors and trustees in all forms of real estate transactions – buying, selling, management, investment, discrete and confidential transactions, for sale by owner, dispute resolution and mediation, and so much more – with emphasis in residential real estate in Newport Beach, Costa Mesa and surrounding Southern California communities.
For discrete and confidential transactions (including confidentiality agreements, LLCs and third-party LLC management to legally distance true ownership away from public records), Lucas Real Estate is second to none in assisting high profile clientele and foreign investment with residential real estate. Likewise, Lucas Real Estate is especially adept with investment properties and trust and estate administration. Read on, and explore the rest of our website, including our blog, for expert legal articles and to learn more about our unique practice.
Lucas Real Estate assists individuals and investors with a host of transactional and related legal issues including the above. To schedule a consultation, email (info@lucas-real-estate.com), call (949-478-1623) or click here to book a consultation.
Devin and Courtney represented out-of-state owners and [former] landlords - exiting the business after months of tenant drama - delighted to get top dollar for their investment. Curated staging, new paint, a few light touches, great photos and negotiation = success. Photos, 3D Tour and more at:
3000ladrillo.com
3245 Clay was sold in three days on market after some light remodeling coordinated by our office. A prime example of buyers wanting updated properties now more than ever.
3245Clay.com
We assisted our investor client with a 1031 exchange to purchase this fabulous newly remodeled Eastside Costa Mesa 3-bedroom 2-bathroom home on a huge
8,400 sq. ft. lot for an exceptional price in this insane seller’s market. Some painting, a few light touches, staging and professional photos then assisted our client get top dollar rental value.
2608Willo.com
Leased in six days, with multiple applications, signed, sealed and cashier's check delivered to the owner for a new record high rental amount. Sales are crazy, but the rental market is in equally high demand. If you are looking to professionally rent your property, sell your rental, or acquire a rental property, please write or call us to discuss your objectives anytime.
515Redlands.com
SOLD. Represented buyers in this HOT, competitive, multiple-offer market. It's tough out there, but perseverance and the right guidance can land your dream home! If you have questions about buying or selling in this insane market, call or email anytime. 111 Endless Vista, Aliso Viejo, $1,773,814.
Relocation or upgrade? It IS still possible to sell your home and buy a home in one swoop! Our wonderful buyer clients sold their home, negotiated a favorable leaseback allowing time to move into the new dream home! If you're thinking of buying or selling, call or write anytime to discuss this insane market.
Two exquisitely remodeled detached homes on one lot in HOT Eastside Costa Mesa.
181CostaMesa.com
2015 New Construction - the former builder’s residence - boasting a contemporary open floor plan, a gourmet kitchen with full custom tile backsplash, stainless steel appliances, quartz countertops, custom cabinetry and chef’s island with sink, 9 foot ceilings, 8 foot doors, 4 Bedrooms, 3 full bathrooms, 3 patios, rooftop deck, and hardwood floors throughout with luxurious carpeting in the three downstairs bedrooms. This home is spectacular.
3585PaulJones.com
Sold. Represented Seller. 2144 East Oceanfront is an architectural masterpiece combining concrete, glass and wide open spaces with direct access to the sands of the Pacific Ocean.
2144EastOceanfront.com
This property had multiple applications and leased in days for above the asking price. Astonishing single-story front-row ocean and canyon view home within guard-gated Pacific Ridge in famed Newport Coast.
www.41PacificMist.com
117 23rd Street, Eastside Costa Mesa - Two vibrant charm-filled homes tucked away on one lot. Investment bliss. These well-maintained units are just adorable.
www.117-23rd.com
Now Leased and managed by Lucas Real Estate. Immaculate Newport Coast living. This light and bright 4 bed and 3 full-bath home features over 2,600 sq. ft. of living space, large main room with double sided staircase, high ceilings and is situated on a prime corner lot in the beautiful and gated Tesoro community.
Join real estate attorney and real estate broker Devin Lucas, along with family law experts Nicole Whyte and Nicole Nuzzo, for a webinar hosted by the Orange County Bar Association on Wednesday, April 21st discussing some important real estate considerations in divorce.
Sold for Full Price | Multiple Offers | Impressive Condo. This is it…. Top Floor…. Corner Unit. This two bedroom and two bathroom upscale “Fifth Avenue” Watermarke home pours in daylight from its abundant corner windows and prime elevated location. Rarely does a top floor “Fifth Avenue” corner unit come on the market!
3421Watermarke.com
Real Estate Attorney, Real Estate Broker and REALTOR Devin Lucas will discuss the new Proposition 19, including the looming deadline to take advantage of the current laws, as well as some newly expanded benefits. Watch the presentation on our blog: https://lucas-real-estate.com/proposition19
We work hard for our clients in any environment and excel with trust and estate properties. This exceptional duplex on an enormous corner lot required some city planning adjustments and a marketing focus on local end-users. Success.
6503Seashore.com
Represented buyers. Multiple offers were received on this fabulous Mesa Del Mar well-priced gem. Our outstanding first-time-buyer clients fought them all off using a well crafted offer, emotional cover letter, and reputable local representation (i.e. us!) assuring the seller and seller's agent of a smooth transaction, which was signed, sealed and timely delivered!
Real Estate Attorney, Real Estate Broker and Real Estate Mediator Devin Lucas will discuss real estate cancelations, deposit disputes and coronavirus / covid-19 issues including "force majeure" claims and related defenses. Watch the presentation on our blog: https://lucas-real-estate.com/real-estate-cancelations-video/
This modern 2 bedroom, plus den, 2.5 bathroom Central Park West home has a stylish contemporary kitchen with stainless steel appliances and granite countertops, contemporary bathrooms, dual masters, large walk-in closets, attached 2-car garage (rare for the community) and more. 1 - 3 month lease only at this time.
25waldorf.com
A perfect example of mixing real estate lawyer and real estate broker.... while selling a family trust property in Newport Beach we noticed an odd setback and needed it fixed for future development. Some applications, notices, meetings and hearings with Newport Beach city = no problem.
427 Orchid is the quintessential front cottage with a porch you will simply never want to leave. Charm pours from every square inch of this home.
www.427Orchid.com
Leased, fast | 1924 Church Street
3 bedroom | 1 bathroom | large lot | 2-car garage and storage shed | $3,850/mo.
Completely remodeled luxuriant modern home in Eastside Costa Mesa. Leased in under 10 days at full fair market value.
1924Church.com
This property is ideal, somewhere you can live and work weeks at a time in comfortable Newport Coast luxury. Tons of essential supply storage. Full bedroom and one full bath downstairs, ideal home office or social-distanced living. Upstairs laundry/stockade room, master retreat and two additional bedrooms.
28Marisol.com
LEASED, fast. Exquisite three bedroom detached cul-de-sac and greenbelt home with private yard in famed Newport Coast. Featuring enormous ceilings and windows with plantation shutters, this home is beaming with natural light.
176 Lessay | Newport Coast | Leased | $4,250/mo.
176Lessay.com
Eastside Costa Mesa chic meets East Coast Colonial character in this fabulous expanded and remodeled 1950s gem.
447CostaMesa.com
Devin Lucas is thrilled to serve as the 2020 Chair of the Orange County Bar Association Real Estate Section. This section puts on monthly educational lunches, seminars, programs and social events with emphasis on California real estate law and all things impacting the legal profession in real estate.
Sold in Eastside Costa Mesa. Represented buyer on this amazing 'deal' for a property that - while needing a little TLC - has tremendous potential!
Represented buyer.
Devin Lucas presented to the Orange County Bar Association on Real Estate Mediations and compliance with the Residential Purchase Agreement. Mr. Lucas serves as a mediator on the Mediation Panel with the California Association of REALTORS Mediation Center for Consumers and is frequently hired to help resolve all forms of real estate disputes. At least one evaluation form claimed it was "the best MCLE I have ever attended."
Near record per-square-foot sale. Astonishing sunset, mountain and city lights views abound in this spectacularly remodeled Dove Canyon gem on an over 8,000 sq. ft. lot.
25Muirfield.com
We are thrilled for our out-of-state clients eager for the move to this expanded East Bluff residence, walking distance to award-winning public schools. Originally listed for $1.585mm, we helped navigate our clients a terrific deal on this remodeled Newport Beach home.
Beach living within reach. Four bedrooms, two and one-half bathrooms, remodeled kitchen, private courtyard, numerous upgrades including new AC, HOA pools, play area and basketball courts. $738,000. Checkout photos, tour and more information at:
www.21131Freeport.com
Legal assistance to an estate where the Trustee was adamant about selling it themselves to a couple that just happened to drive by while some construction work was taking place and asked the right questions. Lucky them. Do we recommend owners do a 'For Sale By Owner' transaction... no... no we do not (statistical and anecdotal evidence suggests higher prices are achieved using professional real estate agents). Does our legal business allow us to help those who want to put their own deal together... you bet! Happy clients = happy us.
Walking distance to Barley Forge Brewing Co., The Camp and The Lab, close proximity to the freeway, countless other restaurants, the beach and South Coast Plaza, this home is in an ideal location! This 3 bed, 2 ½ bath home located in the Sommerset community has new hardwood floors in the living/dining room, updated bathrooms, open floor plan, attached 2-car garage, laundry, private outdoor patio, balconies, and two community pools and spas.
902hyde.com
LEASED in mere days at owner's desired full price. Fully remodeled Huntington Beach condominium oasis.
Half sale, half gift (aka a below fair market "sale"), no problem. There are countless legal ways to transfer title between parents and children (and grandchildren), with enormous potential tax benefits. Contact us to learn more.
“Hidden Ranch”, a lavish and immensely private 4.8-acre premier equestrian estate, priced decisively below replacement cost. Featuring six bedrooms, six bathrooms, stately den, billiards/game room, bar and great room, the residence is hidden behind a private gate, expansive driveway and mature landscape. The lush grounds include a 100’x200’ equestrian arena with 360 degree views. Co-listed with Steve High of Villa Real Estate and Mariann Cordova of BHHS.
30822ViaVistaCoto.com
It's official - people love us on Yelp! This is several years in a row now. Wow! Thank you to our amazing clients who post such great reviews.
Thrilled to help our first-time buyer clients sign papers on their new construction Costa Mesa dream home. It should be ready this fall! Exciting. Visit Taylor Morrison's website for additional details, or call us today.
Completely Remodeled Chic Westside Costa Mesa Mid-Century Modern Bungalow. 535 Bernard Unit A. 2 bed. 1 bath. Unparalleled indoor-outdoor living. Walking distance from countless dining and entertainment venues. Full price offer, closed in two weeks. $618,000.
www.535Bernard.com
Closed - represented buyer - $1.085mm.
This stunning near-new construction home in trendy Bay Park is quite the starter home for our noteworthy client. With a red-hot real estate market (21 offers on the first attempt in that area), we aided our client in obtaining this dream home below the list price. We LOVE helping buyers acquire their goals.
Successfully represented buyers in a highly competitive market. At least six offers were made on this property in days, including at least one higher offer. We worked with our clients and the listing agent to ensure to stayed top of mind and eventual success. We love assisting buyers.
60 Renata / Tesoro Community - an idealistic spacious new home for our fantastic buyers and their growing family moving up from South Orange County. Purchased well below asking, at $2.15mm (including some furnishings for good measure). Mini Golf INCLUDED! We love helping buyers find spectacular new homes!
Devin Lucas, serving as the 2017 Chair of the Orange County Bar Association (OCBA)'s Solo & Small Firm Section, moderated the annual dinner program, "Building and Growing a Successful Practice: Achievements and Lessons Learned From Some of Orange County’s Premier Attorneys" featuring some of Orange County's Top Attorneys (Brian Chase, Lisa Hughes, Neil Pedersen and Nicole Whyte) sharing their secrets to success with a full house of attendees.
The Orange County Superior Court awarded $97,090 in reasonable attorney's fees to Mr. Lucas' tenant clients following an earlier unanimous 12-0 Jury verdict over a security deposit refund, placing the total award to Lucas' clients well over six-figures. This hefty attorney's fee award outlines the dangers for a landlord's wrongful withholding of security deposits and what can happen when a landlord pushes the issue all the way to a jury trial.
Closed - $2,811,600
Lucas Real Estate represented the seller, an out-of-state trustee, of this sizable duplex on Newport Beach's Little Balboa Island, in partnership with Tony Bartos of HOM Sotheby's International Realty.
Court-approved probate sale - $1.725mm
Located in a dream location and presenting the perfect opportunity for a builder/investor looking to expand, rehabilitate and update the existing 2 bedroom 1 bath structure, or, utilize the 8,300+ sq. ft. lot’s full potential for a custom-built dream home.
Devin Lucas appeared before the Newport Beach Planning Commission recently on behalf of clients seeking a variance request for future new construction. The request was granted. As a real estate brokerage and law office, Lucas Real Estate assists its clients in all aspects of residential real estate, far beyond the mere buying and selling.
Closed - $790,000
Lucas Real Estate represented the buyers, relocating from out-of-state, of this fabulous Ladera Ranch home.
Closed - $9,050,000
Crystal Cove, Newport Coast. Lucas Real Estate represented the buyer of this exquisite home featured on The Real Housewives of Orange County.
Santa Ana, Calif. - The Law Office of Devin R. Lucas, aka Lucas Real Estate, obtained a unanimous 12-0 jury verdict this week in favor of its clients in a years-long and heated landlord-tenant dispute.
Taking on litigation matters is done with caution - we ensure to properly review potential legal matters to determine if we can assist.
Laguna Beach, Calif. - The Law Office of Devin R. Lucas, aka Lucas Real Estate, obtained a $65,000 settlement in landlord-tenant dispute whereby the tenant's high-end Laguna Beach rental lacked heating for over a year, along with a host of repair and maintenance issues. Taking on litigation matters is done with caution - we ensure to properly review potential legal matters to determine if we can assist.
Newport Beach, Calif. – Devin Lucas has officially joined the distinguished panel of mediators available via the California Association of REALTORS® Mediation Center For Consumers, the suggested mediation provider for all disputes arising from real estate transactions using the California Association of REALTORS® forms.
http://www.car.org/mediation
Newport Beach, Calif. - Devin Lucas of Lucas Real Estate was installed this morning as a 2017 Director for the Newport Beach Association of REALTORS® during the annual Installation Breakfast at the Pacific Club. Mr. Lucas is thrilled to have been elected to serve on the Board for 2017 and looks forward to working with the REALTOR® community, local and state government officials and Lucas Real Estate's clients for a prosperous 2017.
Closed - $440,000
Lucas Real Estate Represented the buyer of this condominium. After its subsequent renovation, Lucas Real Estate leased the unit for the new owners in mere days with multiple applicants.
Devin R. Lucas is a real estate attorney, broker and REALTOR® specializing in Newport Beach, Costa Mesa and Orange County communities, along with real estate legal issues throughout California. Mr. Lucas was named the "2014 REALTOR® of the Year" by the Newport Beach Association of REALTORS® and is an active member of the Newport Beach, Costa Mesa and Orange County REALTOR® and legal communities.
- View Devin Lucas' full biography here
BRE No. 01912302
Courtney R. Lucas is a California Certified Public Accountant, REALTOR®, USC Leventhal School of Accounting Alumni, former Assurance Manager with the international accounting firm of Ernst & Young and lifelong Orange County native.
- View Courtney Lucas' full biography here
BRE No. 02015514
Villa Real Estate was established in 2013 by the region’s leading luxury residential real estate professionals to ensure that clients in Coastal Orange County receive the most strategic, innovative, and effective representation available in today’s – or in any – market.
Lucas Real Estate readily contracts with choice local photographers, videographers and production crews for outstanding real estate results using the latest and forward thinking technology and storytelling.
Lucas Real Estate uses select local stagers and third party professionals for showcasing properties, readying them for sale and achieving outstanding real estate results.
Lucas Real Estate's established relationships with top legal support facilitators and seasoned knowledge of secretary of state filings, county recordings and court procedures enable swift filing of legal documents, entity formations, real property transfers, service of process, investigative services and capabilities rival any full service law office.
("new" property tax basis) = ((Fair Market Value) - ((old property tax basis) + $1,000,000)) + (old property tax basis))…
Article below; video below.... Lucas Real Estate – Attorney Devin Lucas and CPA Courtney Lucas – are experts in California…
For information on Mr. Lucas' services and availability as a mediator for your real estate dispute, please view our mediation…
According to a recent National Association of REALTORS®'s article, a HomeLight survey, and based on an increase in real estate…
Lucas Real Estate - Attorney Devin Lucas and CPA Courtney Lucas - are experts in California intra family transfers using…
Preparing for a real estate mediation can be stressful, but a well prepared concise brief will not only help the…
Lucas Real Estate
2901 West Coast Highway Suite 200 | Newport Beach | California | 92663-4023
info@lucas-real-estate.com | 949.478.1623 office | 949.613.7837 24-hour line | 888.667.6038 fax
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Real Estate Agents, Real Estate Transactions & Real Estate Dispute Resolution | Devin Lucas, licensed Real Estate Attorney, Real Estate Broker, REALTOR® | Courtney Lucas, licensed CPA, Real Estate Salesperson, REALTOR®