NOT LISTED FOR SALE

1018 Bayside Cove Unit 509 Newport Beach, CA 92660

Bayside Neighborhood

Estimated Value: $2,963,775 - $3,821,000

2 Beds
3 Baths
2,180 Sq Ft
$605/mo HOA Fee

Last Sold July 31, 2013

Last sale price $1,715,000 $787 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $20,004/month

96 Days on Market

Highlights

  • Ocean View
  • Private Pool
  • Den
  • Abraham Lincoln Elementary School Rated A
  • Cape Cod Architecture
  • Breakfast Bar

About This Home

As of July 2013

Enjoy expansive bay, city lights and Balboa Island views from this fabulous penthouse condo located in gated Bayside Cove. Boasting nearly 2,200 sq ft of living space all on a single level, this fabulous home is highly upgraded and move-in ready! Features a formal dining room, spacious, light kitchen with wet bar and fireplace, den/office which could be converted into a 3rd bedroom, upgraded kitchen with stainless steel appliances and a spacious master suite with large walk in closet, and fantastic master bath with spa tub. Private stairs lead to your own two-car garage. Wonderful deck stretches the length of the unit, perfect for enjoying the gorgeous views and cool ocean breezes. Moments away from Balboa Island shopping, dining and more. Terrific community with pool. A truly special home!

Last Agent to Sell the Property

Teri Hardke

Coldwell Banker Realty License #00517307 Listed on: 03/01/2013

Coldwell Banker Realty

Last Buyer's Agent

Michael Franco

Douglas Elliman of California Inc. License #01421021

Douglas Elliman of California Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,076

Year Built

  • Built in 1975

Lot Details

  • No Common Walls
  • Zero Lot Line

HOA Fees

  • $605 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Bay
  • City Lights

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 2,180 Sq Ft Home
  • Fireplace With Gas Starter
  • Family or Dining Combination
  • Den
  • Home Security System
  • Breakfast Bar
  • Laundry Room

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 8073
  • Assessor Parcel Number 93432039

Community Details

Overview

  • 119 Units

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,076

Year Built

Built in 1975

Lot Details

0

HOA Fees

$605 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Bayside Cove (BCOV)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93432039
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2180.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, In Family Room
  • Fireplace Features: Gas Starter
  • Levels: One
  • Price Per Square Foot: 786.70
  • Room Type: Den, Family Room

Exterior Features

  • View: Bay, City Lights, Ocean, Water
  • Pool Features: Association
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 605.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Zero Lot Line

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 119
  • Number Of Units Total: 119

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 8073

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2013
Closed on
Jun 6, 2013
Sold by
Mccarthy Kevin Scott and Wood Mccarthy Cathy Lorraine
Bought by
Fine Peter S and Ailes Fine Rebecca
Seller's Agent
Teri Hardke
Coldwell Banker Realty
Buyer's Agent
Michael Franco
Douglas Elliman of California Inc.
List Price
$1,850,000
Sold Price
$1,715,000
Premium/Discount to List
-$135,000
-7.3%
Total Days on Market
96
Current Estimated Value
$3,308,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,593,592
Avg. Annual Appreciation
5.71%
Original Mortgage
$1,000,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2005
Sold by
Mccarthy Cathy L
Bought by
Mccarthy Kevin Scott and Wood Mccarthy Cathy Lorraine

Purchase Details

Closed on
Feb 2, 2004
Sold by
Mccarthy Kevin
Bought by
Mccarthy Cathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2003
Sold by
Joyce Stephen F and Joyce Susan K
Bought by
Mccarthy Cathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2003
Sold by
Joyce Stephen F and Joyce Susan K
Bought by
Joyce Stephen F and Joyce Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
5.83%

Purchase Details

Closed on
Sep 22, 1999
Sold by
Joyce Stephen F and Joyce Susan
Bought by
Joyce Stephen F and Joyce Susan K

Purchase Details

Closed on
Nov 21, 1997
Sold by
Wheelock Joseph A
Bought by
Joyce Stephen F and Joyce Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,125
Interest Rate
7.18%
Mortgage Type
Negative Amortization
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fine Peter S $1,715,000 Equity Title Company
Mccarthy Kevin Scott -- --
Mccarthy Cathy L -- First Southwestern Title Co
Mccarthy Cathy L $1,400,000 First Southwestern Title Co
Joyce Stephen F -- American Title Co
Joyce Stephen F -- American Title Co
Joyce Stephen F -- --
Joyce Stephen F $557,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fine Peter S $1,000,000
Previous Owner Wood Mccarthy Cathy Lorraine $1,160,000
Previous Owner Mccarthy Cathy L $1,160,000
Previous Owner Joyce Stephen F $395,000
Previous Owner Joyce Stephen F $396,000
Previous Owner Joyce Stephen F $398,000
Previous Owner Joyce Stephen F $398,000
Previous Owner Joyce Stephen F $418,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2013 07/31/13 Sold $1,715,000 -7.3% $787 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $1,850,000 0.0% $849 / Sq Ft
01/17/2012 01/17/12 Rented $5,500 0.0% --
01/17/2012 01/17/12 Under Contract -- -- --
11/03/2011 11/03/11 For Rent $5,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $22,076 $2,061,127 $1,759,195 $301,932
2023 $21,559 $2,020,713 $1,724,701 $296,012
2022 $21,201 $1,981,092 $1,690,884 $290,208
2021 $20,795 $1,942,248 $1,657,730 $284,518
2020 $20,595 $1,922,333 $1,640,732 $281,601
2019 $20,169 $1,884,641 $1,608,561 $276,080
2018 $19,768 $1,847,688 $1,577,021 $270,667
2017 $19,419 $1,811,459 $1,546,099 $265,360
2016 $18,983 $1,775,941 $1,515,784 $260,157
2015 $18,804 $1,749,265 $1,493,015 $256,250
2014 $18,362 $1,715,000 $1,463,769 $251,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13038660

California Regional Multiple Listing Service (CRMLS)

APN: 934-320-39