Seller's Agent in 2023
Katrina Smith
Pinpoint Properties
(949) 291-7631
7 in this area
227 Total Sales
116 27th St Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated Value: $2,147,000 - $2,802,000
2
Beds
1.5
Baths
838
Sq Ft
$3,019/Sq Ft
Est. Value
Highlights
- Ocean View
- Property has ocean access
- Main Floor Bedroom
- Newport Elementary School Rated A
- Ocean Side of Highway 1
- No HOA
About This Home
As of January 2023Situated in the heart of Newport Beach, this idyllic beach cottage is available for the first time in nearly 60 years. Poised on the coveted 100-block and only 6 houses from the sand, 116 27th Street offers an array of options for beach-lovers and investors alike. A timeless cottage aesthetic boasts a spacious kitchen, abundant natural light and vaulted ceilings in the family room. A single level floor plan features 2 bedrooms, 2 bathrooms and a spacious front patio along with driveway parking that can accommodate three mid-sized vehicles. Conveniently located just a short walk or bike ride to restaurants, cafes, Lido Marina Village, harbor activities and nearby piers and parks, this lock-and-go beach home affords all the best features of a California Riviera lifestyle.
Last Agent to Sell the Property
Pinpoint Properties License #01740623 Listed on: 10/27/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,695
Year Built
- Built in 1920
Lot Details
- 1,750 Sq Ft Lot
- Block Wall Fence
- Level Lot
Home Design
- Cottage
- Wood Siding
Interior Spaces
- 838 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Family Room
- Living Room
- Ocean Views
- Carbon Monoxide Detectors
Kitchen
- Galley Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Tile Countertops
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Kitchen
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Parking Available
- Side by Side Parking
- Driveway
Outdoor Features
- Property has ocean access
- Beach Access
- Ocean Side of Highway 1
- Patio
- Front Porch
Schools
- Newport Elementary School
- Horace Ensign Middle School
- Newport Harbor High School
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Water Heater
- Sewer Assessments
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Balboa Peninsula Subdivision
Listing and Financial Details
- Legal Lot and Block 12 / 26
- Tax Tract Number 512
- Assessor Parcel Number 04709307
- $1,182 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 27, 2022
Closed on
Dec 7, 2022
Sold by
Higgins Exemption Trust
Bought by
Rasch Barbara E
Seller's Agent
Katrina Smith
Pinpoint Properties
Buyer's Agent
Gregory Wakeham
Re/Max Premier Realty
List Price
$2,249,000
Sold Price
$2,000,000
Premium/Discount to List
-$249,000
-11.07%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,101
Avg. Annual Appreciation
9.58%
Original Mortgage
$1,600,000
Outstanding Balance
$1,549,518
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$980,583
Purchase Details
Closed on
Aug 1, 2000
Sold by
Higgins Thomas L
Bought by
Higgins Thomas L and Higgins Exemption Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rasch Barbara E | $2,000,000 | California Title Company | |
| Higgins Thomas L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rasch Barbara E | $1,600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/13/2023 01/13/23 | Sold | $2,000,000 | -4.8% | $2,387 / Sq Ft |
| 11/29/2022 11/29/22 | Pending | -- | -- | -- |
| 11/17/2022 11/17/22 | Price Changed | $2,100,000 | -6.6% | $2,506 / Sq Ft |
| 10/27/2022 10/27/22 | For Sale | $2,249,000 | -- | $2,684 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $22,695 | $2,080,800 | $2,062,821 | $17,979 |
| 2024 | $22,695 | $2,040,000 | $2,022,373 | $17,627 |
| 2023 | $21,533 | $1,938,000 | $1,887,000 | $51,000 |
| 2022 | $1,953 | $72,527 | $65,901 | $6,626 |
| 2021 | $1,931 | $71,105 | $64,608 | $6,497 |
| 2020 | $1,916 | $70,376 | $63,945 | $6,431 |
| 2019 | $1,086 | $68,997 | $62,692 | $6,305 |
| 2018 | $1,067 | $67,645 | $61,463 | $6,182 |
| 2017 | $1,049 | $66,319 | $60,258 | $6,061 |
| 2016 | $1,030 | $65,019 | $59,076 | $5,943 |
| 2015 | $1,018 | $64,043 | $58,189 | $5,854 |
| 2014 | $995 | $62,789 | $57,049 | $5,740 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Gregory Wakeham
RE/MAX
1 in this area
44 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22228332
APN: 047-093-07
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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