Seller's Agent in 2023
Michael Hinderberger
Compass
(949) 478-4851
43 Total Sales
118 Villa Point Dr Newport Beach, CA 92660
Estimated Value: $1,552,000 - $1,740,159
2
Beds
2
Baths
1,307
Sq Ft
$595/mo
HOA Fee
Highlights
- Fitness Center
- Above Ground Spa
- Gated Community
- Abraham Lincoln Elementary School Rated A
- Back Bay Views
- 3-minute walk to Back Bay View Park
About This Home
As of January 2023118 Villa Point is a single level, corner unit offering stunning views of the Back Bay, Mountains, Marina, and city lights at night. The unit faces West, offering sunsets and a front row seat to 4th of July fireworks at the Dunes. Renovated with marble floors, quartz countertops, crown molding and new carpeting. Two bedroom suites, both with spacious walk-in closets and picture windows bringing in the views. Very large rear patio area with its very own Jacuzzi hot tub. Oversized, attached garage with plenty of storage options. Desirable Newport Beach location, close to Balboa Island, Fashion Island, Corona del Mar & Newport Beach Country Club. Villa Point is a gated community featuring 2 Pools, 2 Spas and 2 Fitness Centers.
Last Agent to Sell the Property
Compass License #01919850 Listed on: 10/26/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $15,146
Year Built
- Built in 1991 | Remodeled
Lot Details
- Two or More Common Walls
- West Facing Home
HOA Fees
- $595 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Parking Available
- Automatic Gate
Property Views
- Back Bay
- Harbor
- Dune
- Mountain
Home Design
- Patio Home
- Turnkey
Interior Spaces
- 1,307 Sq Ft Home
- Living Room with Fireplace
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Above Ground Spa
- Stone Porch or Patio
Schools
- Corona Del Mar High School
Utilities
- Central Air
- Air Source Heat Pump
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 14055
- Assessor Parcel Number 93963690
- $360 per year additional tax assessments
Community Details
Overview
- 228 Units
- Villa Point Association, Phone Number (714) 395-5245
- Stonekastle HOA
- Villa Point Subdivision
- Maintained Community
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Clubhouse
- Meeting Room
Recreation
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Pets Allowed
- Pet Restriction
Security
- Card or Code Access
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2022
Closed on
Dec 1, 2022
Sold by
Wallack Family Trust
Bought by
Ins Trust
Seller's Agent
Michael Hinderberger
Compass
Buyer's Agent
Michael Hinderberger
Compass
List Price
$1,425,000
Sold Price
$1,375,000
Premium/Discount to List
-$50,000
-3.51%
Views
15
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
$272,290
Avg. Annual Appreciation
4.29%
Original Mortgage
$687,500
Outstanding Balance
$662,211
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$872,892
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ins Trust | $1,375,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ins Trust | $687,500 | |
| Previous Owner | Wallack Harvey I | $305,000 | |
| Previous Owner | Wallack Harvey I | $150,000 | |
| Previous Owner | Wallack Harvey I | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2023 01/10/23 | Sold | $1,375,000 | -3.5% | $1,052 / Sq Ft |
| 11/04/2022 11/04/22 | Pending | -- | -- | -- |
| 10/26/2022 10/26/22 | For Sale | $1,425,000 | -- | $1,090 / 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 | $15,146 | $1,430,550 | $1,227,862 | $202,688 |
| 2024 | $15,146 | $1,402,500 | $1,203,786 | $198,714 |
| 2023 | $6,861 | $618,681 | $411,376 | $207,305 |
| 2022 | $6,744 | $606,550 | $403,309 | $203,241 |
| 2021 | $6,616 | $594,657 | $395,401 | $199,256 |
| 2020 | $6,613 | $588,560 | $391,347 | $197,213 |
| 2019 | $6,545 | $577,020 | $383,673 | $193,347 |
| 2018 | $6,420 | $565,706 | $376,150 | $189,556 |
| 2017 | $6,311 | $554,614 | $368,774 | $185,840 |
| 2016 | $6,177 | $543,740 | $361,543 | $182,197 |
| 2015 | $6,120 | $535,573 | $356,112 | $179,461 |
| 2014 | $5,980 | $525,082 | $349,136 | $175,946 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Hinderberger
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22224134
APN: 939-636-90
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