NOT LISTED FOR SALE

112 E Oceanfront Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $4,227,000 - $5,817,000

4 Beds
4 Baths
2,405 Sq Ft
$2,062/Sq Ft Est. Value

About This Home

This home is located at 112 E Oceanfront, Newport Beach, CA 92661 and is currently estimated at $4,960,237, approximately $2,062 per square foot. 112 E 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
Mar 21, 2023
Sold by
Richard And Sally Close Family Trust
Bought by
Richard And Sally Close Family Trust
Current Estimated Value
$4,960,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,853,189
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$107,048

Purchase Details

Closed on
Aug 31, 2021
Sold by
Close Richard and Close Sally
Bought by
Close Richard H and Richard And Sally Close Family

Purchase Details

Closed on
Dec 15, 2009
Sold by
The Oceanfront Trust #112
Bought by
Close Richard and Close Sally

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2009
Sold by
Allen Matthew
Bought by
The Oceanfront Trust #112 and C I C

Purchase Details

Closed on
Jul 17, 2009
Sold by
Allen Matthew
Bought by
Allen Matthew and Pearl Anna Rochelle

Purchase Details

Closed on
Nov 10, 2003
Sold by
Tsa Ii Llc
Bought by
Allen Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2003
Sold by
Cross Communities Inc
Bought by
Tsa Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,745,100
Interest Rate
5.76%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 4, 2002
Sold by
Demond Frank L
Bought by
Cross Mark S 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
$927,500
Interest Rate
7.37%

Purchase Details

Closed on
Mar 11, 1996
Sold by
Demond Frank L
Bought by
Demond Frank L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Richard And Sally Close Family Trust -- --
Close Richard H -- None Available
Close Richard $3,300,000 Orange Coast Title
The Oceanfront Trust #112 $2,527,026 Accommodation
Allen Matthew -- None Available
Allen Matthew $2,750,000 Southland Title Corporation
Tsa Ii Llc $1,611,000 Chicago Title
Cross Communities Inc -- Chicago Title
Cross Mark S $1,325,000 Orange Coast Title
Demond Frank L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richard And Sally Close Family Trust $5,000,000
Previous Owner Close Richard $1,980,000
Previous Owner Allen Matthew $2,000,000
Previous Owner Tsa Ii Llc $1,745,100
Previous Owner Cross Mark S $927,500
Closed Tsa Ii Llc $200,000
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
2025 $44,702 $4,259,715 $3,869,349 $390,366
2024 $44,702 $4,176,192 $3,793,480 $382,712
2023 $43,908 $4,094,306 $3,719,098 $375,208
2022 $43,114 $4,014,026 $3,646,175 $367,851
2021 $42,509 $3,935,320 $3,574,681 $360,639
2020 $42,095 $3,894,969 $3,538,027 $356,942
2019 $41,242 $3,818,598 $3,468,654 $349,944
2018 $40,496 $3,743,724 $3,400,641 $343,083
2017 $39,790 $3,670,318 $3,333,962 $336,356
2016 $38,920 $3,598,351 $3,268,590 $329,761
2015 $38,720 $3,544,301 $3,219,493 $324,808
2014 -- $3,474,874 $3,156,428 $318,446
Source: Public Records

Map

California Orange County Newport Beach 92661 Central Newport Beach

112 E Oceanfront, Newport Beach, CA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes