NOT LISTED FOR SALE

117 E Bay Ave Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $2,387,250 - $2,995,000

3 Beds
3 Baths
883 Sq Ft
$3,022/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $2,295,000 $2,599 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $15,709/month

Highlights

  • Fishing
  • Furnished
  • Laundry Room
  • Newport Elementary School Rated A
  • No HOA
  • Forced Air Heating System

About This Home

As of July 2024

This charming vintage bungalow is located on coveted East Bay Avenue, and is the perfect summer vacation beach house! This 3 bedroom, 3 bath Fully Furnished home is just waiting for a summer Tenant to enjoy both the Bay and Beach on the Peninsula. All furnishing are brand new, Just a 5 minute walk to the Balboa Island Ferry and Fun Zone, and minutes from the beach; there is not a better location on the Peninsula! Enjoy a summer of shopping, entertainment, sailing, boat rentals, fishing, stand up paddle, surfing and swimming. Available month to month or up to a 6 month stay. ALL UTILITIES INCLUDED!
7k month June/July/August
6.5k month September/October/November/December

Last Agent to Rent the Property

Shelly Angel

Arbor Real Estate Brokerage Phone: 714-345-2801 License #02147705 Listed on: 06/04/2024

Arbor Real Estate

Last Renter's Agent

Shelly Angel

Arbor Real Estate Brokerage Phone: 714-345-2801 License #02147705 Listed on: 06/04/2024

Arbor Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 2,100 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 883 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Security Deposit $6,000
  • Rent includes all utilities
  • 6-Month Minimum Lease Term
  • Available 6/5/24
  • Tax Lot 7
  • Tax Tract Number 219

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Dog Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

2,100 Sq Ft Lot

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2024-06-05
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 6000
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 883.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 4.25
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2100.00
  • Lot Size Acres: 0.0482
  • Latitude Manual: 33.60418600

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 6 Months, Month To Month
  • Lot Size Area: 2100.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Includes: All Utilities

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 3, 2024
Sold by
Marjorie P Shayne Trust and Irwin Tamara K
Bought by
Mirhadi Family Trust and Mirhadi
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
Chris Brigandi
Arbor Real Estate
List Price
$2,295,000
Sold Price
$2,295,000
Views
28
Current Estimated Value
$2,668,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,563
Avg. Annual Appreciation
9.16%
Original Mortgage
$1,606,500
Outstanding Balance
$1,586,964
Interest Rate
7.62%
Mortgage Type
New Conventional
Estimated Equity
$1,081,599
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
Mirhadi Family Trust $2,295,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mirhadi Family Trust $1,606,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2024 07/17/24 Rented $23,000 +283.3% --
07/01/2024 07/01/24 Price Changed $6,000 -7.7% $7 / Sq Ft
06/20/2024 06/20/24 Price Changed $6,500 -7.1% $7 / Sq Ft
06/04/2024 06/04/24 For Rent $7,000 0.0% --
05/28/2024 05/28/24 Sold $2,295,000 0.0% $2,599 / Sq Ft View Prior Sale
04/27/2024 04/27/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $2,295,000 -- $2,599 / 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 $23,542 $2,340,900 $2,296,830 $44,070
2024 $23,542 $78,036 $62,520 $15,516
2023 $1,182 $76,506 $61,294 $15,212
2022 $1,158 $75,006 $60,092 $14,914
2021 $1,138 $73,536 $58,914 $14,622
2020 $1,127 $72,782 $58,309 $14,473
2019 $1,110 $71,355 $57,165 $14,190
2018 $1,091 $69,956 $56,044 $13,912
2017 $1,073 $68,585 $54,945 $13,640
2016 $980 $67,241 $53,868 $13,373
2015 $967 $66,231 $53,058 $13,173
2014 $944 $64,934 $52,019 $12,915
Source: Public Records

Agents Affiliated with this Home

  • Shelly Angel

    Landlord's Agent in 2024

    Shelly Angel

    Arbor Real Estate

    (714) 345-2801

    1 in this area

    6 Total Sales

    Shelly Angel
    Section Image
  • Vicki Lee

    Seller's Agent in 2024

    Vicki Lee

    Compass

    (949) 466-3224

    8 in this area

    22 Total Sales

    Vicki Lee
    Section Image
  • Chris Brigandi

    Buyer's Agent in 2024

    Chris Brigandi

    Arbor Real Estate

    (949) 910-6005

    1 in this area

    18 Total Sales

    Chris Brigandi
    Section Image
  • Kristin Barry

    Buyer Co-Listing Agent in 2024

    Kristin Barry

    Arbor Real Estate

    (949) 235-8921

    1 in this area

    28 Total Sales

    Kristin Barry
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24113907

California Regional Multiple Listing Service (CRMLS)

APN: 048-072-06

California Orange County Newport Beach 92661 Central Newport Beach

117 E Bay Ave, Newport Beach, CA

Not Listed for Sale

Detached

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.