NOT LISTED FOR SALE

Estimated Value: $4,848,000 - $7,942,000

4 Beds
3 Baths
2,880 Sq Ft
$2,310/Sq Ft Est. Value

Last Sold February 27, 2015

Last sale price $4,810,000 $1,670 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $40,001/month

Highlights

  • Ocean Front
  • Fireplace in Primary Bedroom
  • Cathedral Ceiling
  • Newport Elementary School Rated A
  • Contemporary Architecture
  • 4-minute walk to Newport Beach Playground

About This Home

As of July 2016

Perfect beach front location, ready for you. This is a single family oceanfront home perfect for enjoying Newport Port beach lifestyle. This property boasts 4 bedrooms plus office room & 3 full bath rooms with 1 bedroom and full bath downstairs. Gorgeous 180 degrees unobstructed ocean views from both levels of the property. Newly painted in and outside. Exceptionally large master retreat with fire place, vaulted ceilings, large ocean front balcony. Master bath has full size Jacuzzi tub. Enjoy white water, surfing, ocean, piers and Catalina Island views from living room, dining room, Kitchen and master bed room. Good sized front patio to entertain friends and family with additional private interior courtyard offers a calm setting complete with outdoor shower. Walk to Balboa & Newport pier. The boardwalk allows easy access for fun, bike riding, roller blading, sun bathing, restaurants and more. Two fireplaces, one in living room and one in master bed room. Large, spacious bedrooms on each level, nice clean kitchen, 3 car garage are just some of the features that make this home so unique. Great location for fun in the sun. Experience the true Newport gem.

Last Agent to Rent the Property

Amitabh Sharma

Coldwell Banker Realty License #01510130 Listed on: 03/01/2016

Coldwell Banker Realty

Last Renter's Agent

Amitabh Sharma

Coldwell Banker Realty License #01510130 Listed on: 03/01/2016

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1969

Lot Details

  • 3,726 Sq Ft Lot
  • Ocean Front
  • West Facing Home
  • Level Lot

Parking

  • 3 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room with Fireplace
  • Dining Room

Kitchen

  • Electric Oven
  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Fireplace in Patio
  • Brick Porch or Patio

Additional Features

  • Suburban Location
  • Central Heating

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Security Deposit $11,000
  • 12-Month Minimum Lease Term
  • Tax Lot 2
  • Tax Tract Number 234
  • Assessor Parcel Number 04725114

Home Details

Home Type

Single Family

Year Built

Built in 1969

Lot Details

3,726 Sq Ft Lot

Parking

3

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 500
  • Deposit Pets: 500
  • Deposit Security: 11000
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Security System
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 04725114
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2880.00
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Dining Room
  • Fireplace Features: Family Room, Gas, Master Bedroom, Patio
  • Levels: Two
  • Price Per Square Foot: 3.47
  • Room Type: Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Slab
  • View: Catalina, Coastline, Ocean, Water, White Water
  • Patio And Porch Features: Brick
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Level, Level with Street
  • Lot Size Sq Ft: 3726.00
  • Price Per Lot Square Foot: 2.68
  • Lot Size Acres: 0.0860

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 3726.0000 Square Feet
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2013
Closed on
Feb 26, 2015
Sold by
Rizzolo Lisa M
Bought by
The Arti Gupta Revocable Trust
Seller's Agent
Brett Smith
Notch Luxury Properties
Buyer's Agent
Amitabh Sharma
Coldwell Banker Realty
List Price
$5,480,000
Sold Price
$4,810,000
Premium/Discount to List
-$670,000
-12.23%
Current Estimated Value
$6,653,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,843,596
Avg. Annual Appreciation
2.97%
Original Mortgage
$1,110,000
Outstanding Balance
$847,631
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$5,805,965

Purchase Details

Closed on
Aug 24, 2006
Sold by
Rizzolo Lisa
Bought by
Rizzolo Lisa M and The Lisa M Rizzolo Trust

Purchase Details

Closed on
Mar 11, 2002
Sold by
Rizzolo Rick John and Rizzolo Lisa Marie
Bought by
Rizzolo Rick J and Rizzolo Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.18%

Purchase Details

Closed on
Sep 10, 1997
Sold by
Mazzarelli Jose D and Mazzarelli Josefina Laura
Bought by
Rizzolo Rick John and Rizzolo Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$839,500
Interest Rate
7.36%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Arti Gupta Revocable Trust $4,810,000 California Title Company
Rizzolo Lisa M -- None Available
Rizzolo Lisa M -- None Available
Rizzolo Rick J -- --
Rizzolo Rick John $1,200,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Arti Gupta Revocable Trust $1,110,000
Previous Owner Rizzolo Rick J $1,500,000
Previous Owner Rizzolo Rick John $839,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2016 07/28/16 Rented $10,000 -9.1% --
07/01/2016 07/01/16 Off Market $11,000 -- --
03/01/2016 03/01/16 For Rent $11,000 0.0% --
05/15/2015 05/15/15 Rented $11,000 0.0% --
04/15/2015 04/15/15 Under Contract -- -- --
03/15/2015 03/15/15 For Rent $11,000 0.0% --
02/27/2015 02/27/15 Sold $4,810,000 -12.2% $1,697 / Sq Ft View Prior Sale
01/28/2015 01/28/15 Pending -- -- --
07/10/2013 07/10/13 For Sale $5,480,000 -- $1,934 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $60,028 $5,780,897 $5,498,350 $282,547
2024 $60,028 $5,667,547 $5,390,540 $277,007
2023 $58,628 $5,556,419 $5,284,843 $271,576
2022 $57,663 $5,447,470 $5,181,219 $266,251
2021 $56,555 $5,340,657 $5,079,626 $261,031
2020 $56,013 $5,285,896 $5,027,541 $258,355
2019 $54,842 $5,182,251 $4,928,961 $253,290
2018 $53,745 $5,080,639 $4,832,315 $248,324
2017 $52,793 $4,981,019 $4,737,564 $243,455
2016 $51,601 $4,883,352 $4,644,670 $238,682
2015 $17,485 $1,623,964 $1,400,545 $223,419
2014 $17,073 $1,592,153 $1,373,110 $219,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16042511

California Regional Multiple Listing Service (CRMLS)

APN: 047-251-14

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