NOT LISTED FOR SALE

1024 W Oceanfront Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $6,007,000 - $9,968,000

5 Beds
7 Baths
4,120 Sq Ft
$1,893/Sq Ft Est. Value

About This Home

This home is located at 1024 W Oceanfront, Newport Beach, CA 92661 and is currently estimated at $7,797,149, approximately $1,892 per square foot. 1024 W Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2015
Sold by
Hormel Jamie R
Bought by
Hfo 2 Llc
Current Estimated Value
$7,797,149

Purchase Details

Closed on
May 14, 2008
Sold by
Hormel Jamie R
Bought by
Hormel Jamie R and Ga Hormel Ii Qualified Gst Non Exempt Tr

Purchase Details

Closed on
Sep 15, 2003
Sold by
Cross Communities Inc
Bought by
Hormel Ii George A and Hormel Jamie R

Purchase Details

Closed on
Jan 3, 2003
Sold by
Cross Mark and Cross Sue Ann
Bought by
Cross Communities Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,738,000
Interest Rate
5.85%
Mortgage Type
Construction

Purchase Details

Closed on
May 23, 2002
Sold by
Shea Edmund H and Shea Mary S
Bought by
Cross Mark and Cross Sue Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,796,000
Interest Rate
6.74%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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
Hfo 2 Llc -- None Available
Hormel Jamie R -- None Available
Hormel Ii George A $4,150,000 First American Title Co
Cross Communities Inc -- New Century Title Company
Cross Mark $2,245,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cross Communities Inc $2,738,000
Previous Owner Cross Mark $1,796,000
Source: Public Records

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 $66,032 $6,238,147 $5,079,097 $1,159,050
2023 $64,492 $6,115,831 $4,979,507 $1,136,324
2022 $63,431 $5,995,913 $4,881,869 $1,114,044
2021 $62,212 $5,878,347 $4,786,147 $1,092,200
2020 $61,616 $5,818,072 $4,737,071 $1,081,001
2019 $60,327 $5,703,993 $4,644,188 $1,059,805
2018 $59,121 $5,592,150 $4,553,125 $1,039,025
2017 $58,073 $5,482,500 $4,463,848 $1,018,652
2016 $56,761 $5,375,000 $4,376,321 $998,679
2015 $52,169 $4,909,477 $4,053,276 $856,201
2014 $50,938 $4,813,308 $3,973,878 $839,430
Source: Public Records

Map

California Orange County Newport Beach 92661 Central Newport Beach

1024 W Oceanfront, Newport Beach, CA

This home is located at 1024 W Oceanfront, Newport Beach, CA 92661 and is currently estimated at $7,797,149, approximately $1,892 per square foot. 1024 W Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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