NOT LISTED FOR SALE

Estimated Value: $6,048,000 - $13,368,887

4 Beds
6.5 Baths
3,000 Sq Ft
$3,074/Sq Ft Est. Value

Last Sold February 16, 2018

Last sale price $3,936,000 $1,312 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $58,349/month

76 Days on Market

Highlights

  • Ocean View
  • 17,860 Sq Ft lot
  • Fireplace
  • Newport Heights Elementary Rated A
  • No HOA
  • Living Room

About This Home

As of February 2018

Be the King of Kings!! Live in Newport Heights on the Exclusive Kings row. Over 3000 sqft home with over 18,000 sqft lot with panoramic ocean views. Just a short distance to the beach, bay, retail shopping and the Balboa Bay Club. Lot is one of the largest lots in Newport Heights that has the ability to build a very large home and or remodel this home. Views are south facing.

Last Agent to Sell the Property

Brian Liberto

The Agency License #01473233 Listed on: 08/15/2017

The Agency

Last Buyer's Agent

Brian Liberto

The Agency License #01473233 Listed on: 08/15/2017

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $101,882

Year Built

  • Built in 1953

Lot Details

  • 0.41 Acre Lot
  • Back Yard

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Marina
  • Coastline
  • Back Bay
  • Harbor
  • Catalina
  • Panoramic
  • Bridge
  • City Lights
  • Bluff
  • Canal

Interior Spaces

  • 3,000 Sq Ft Home
  • Fireplace
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 1219
  • Assessor Parcel Number 04921203

Home Details

Home Type

Single Family

Est. Annual Taxes

$101,882

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Kings Rd.
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04921203
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1312.00
  • Room Type: Living Room

Exterior Features

  • View: Back Bay, Bay, Bluff, Bridge(s), Canal, Catalina, City Lights, Coastline, Harbor, Marina, Ocean, Panoramic, Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17859.60

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 31
  • Tax Tract Number: 1219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2017
Sold by
Barbara Danie Lee and Barbara Lawernecw Wilson
Bought by
Reed Gregorey Ira and Reed Carolyn Marie
Current Estimated Value
$9,221,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,650,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2011
Sold by
Barbaria Lorraine M
Bought by
Barbaria Lorraine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2001
Sold by
Barbaria John and Barbaria Lorraine
Bought by
Barbaria John C and Barbaria Lorraine M
Source: Public Records

Range of Values:

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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
Reed Gregorey Ira $3,936,000 None Available
Barbaria Lorraine M -- Accommodation
Barbaria Lorraine M -- Equity Title Company
Barbaria John C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cmgi Trust $4,425,000
Open Reed Gregory Ira $8,250,000
Closed Reed Gregory Ira $302,000
Previous Owner Reed Gregorey Ira $2,650,000
Previous Owner Barbaria Lorraine M $540,000
Previous Owner Barbaria John C $612,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2018 02/16/18 Sold $3,936,000 -12.5% $1,312 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $4,500,000 -- $1,500 / Sq Ft
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
2025 $101,882 $9,838,156 $4,628,792 $5,209,364
2024 $101,882 $9,645,251 $4,538,031 $5,107,220
2023 $69,675 $6,610,203 $4,449,050 $2,161,153
2022 $59,883 $5,658,505 $4,361,814 $1,296,691
2021 $45,356 $4,276,289 $4,276,289 $0
2020 $42,556 $4,014,720 $3,737,568 $277,152
2019 $42,494 $4,014,720 $3,737,568 $277,152
2018 $15,800 $1,469,644 $1,242,397 $227,247
2017 $15,521 $1,440,828 $1,218,036 $222,792
2016 $15,173 $1,412,577 $1,194,153 $218,424
2015 $15,030 $1,391,359 $1,176,215 $215,144
2014 $14,676 $1,364,105 $1,153,175 $210,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17183445

California Regional Multiple Listing Service (CRMLS)

APN: 049-212-03