NOT LISTED FOR SALE

119 23rd St Newport Beach, CA 92663

Central Newport Beach Neighborhood

Estimated Value: $3,211,000 - $4,086,655

9 Beds
2 Baths
3,562 Sq Ft
$996/Sq Ft Est. Value

Last Sold December 25, 2021

Last sale price $2,850,000 $800 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $21,617/month

19 Days on Market

About This Home

As of December 2021

Amazing opportunity on the 100 block of the Newport Beach Peninsula. Extra large lot with mixed use potential: commercial, residential. Buyer to verify all property details that are a factor in their purchase, including but not limited to what can be built on the property, current sqft, lot size,zoning and permits. All information provided is from available local public government sources. Property to be purchased in AS-IS condition.

Last Agent to Sell the Property

Josef Szigeti

Douglas Elliman Of California License #01234785 Listed on: 11/24/2021

Douglas Elliman Of California

Last Buyer's Agent

Josef Szigeti

Douglas Elliman Of California License #01234785 Listed on: 11/24/2021

Douglas Elliman Of California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,664

Year Built

  • Built in 1912

Lot Details

  • 3,562 Sq Ft Lot
  • Two or More Common Walls
  • Tear Down

Home Design

  • Property Attached

Interior Spaces

  • 9 Bedrooms
  • 3,562 Sq Ft Home
  • 1-Story Property

Parking

  • Parking Available
  • Uncovered Parking

Outdoor Features

  • Exterior Lighting

Community Details

  • 2 Units
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Legal Lot and Block 24 / 23
  • Tax Tract Number 512
  • Assessor Parcel Number 04714223
  • $1,403 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,664

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 1349500
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • Property Type: Residential Income
  • Parcel Number: 04714223
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 800.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Tear Down
  • Lot Size Sq Ft: 3562.00
  • Lot Size Acres: 0.0818

Multi Family

  • Lot Size Area: 3562.0000 Square Feet
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 23
  • Tax Census Tract: 635.00
  • Tax Lot: 24
  • Tax Tract Number: 512
  • TaxOtherAnnualAssessmentAmount: 1403.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Dec 21, 2021
Sold by
300Ntop Llc
Bought by
Palm Springs Village 309 Llc
Seller's Agent
Josef Szigeti
Douglas Elliman Of California
Buyer's Agent
Josef Szigeti
Douglas Elliman Of California
List Price
$2,699,000
Sold Price
$2,850,000
Premium/Discount to List
$151,000
5.59%
Current Estimated Value
$3,546,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$696,414
Avg. Annual Appreciation
4.98%
Original Mortgage
$1,480,000
Outstanding Balance
$1,362,930
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$2,053,178

Purchase Details

Listed on
Nov 24, 2021
Closed on
Nov 18, 2021
Sold by
Kuhta John Christian and Xpistos Trust
Bought by
30Ontop Llc
Seller's Agent
Josef Szigeti
Douglas Elliman Of California
Buyer's Agent
Josef Szigeti
Douglas Elliman Of California
List Price
$2,699,000
Sold Price
$2,850,000
Premium/Discount to List
$151,000
5.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,480,000
Outstanding Balance
$1,362,930
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$2,053,178

Purchase Details

Closed on
May 4, 2019
Sold by
Kuhta John Christian
Bought by
Xpistos Trust
Source: Public Records

Range of Values:

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
Palm Springs Village 309 Llc $2,850,000 First Amer Ttl Co Res Div
30Ontop Llc $1,850,000 First American Title Company
Xpistos Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 30Ontop Llc $1,480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/25/2021 12/25/21 Sold $2,850,000 +5.6% $800 / Sq Ft
11/24/2021 11/24/21 For Sale $2,699,000 -- $758 / 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 $32,664 $3,024,442 $2,865,261 $159,181
2024 $32,664 $2,965,140 $2,809,080 $156,060
2023 $31,925 $2,907,000 $2,754,000 $153,000
2022 $31,396 $2,850,000 $2,750,000 $100,000
2021 $5,360 $375,301 $309,643 $65,658
2020 $5,314 $371,453 $306,468 $64,985
2019 $4,189 $364,170 $300,459 $63,711
2018 $4,108 $357,030 $294,568 $62,462
2017 $4,036 $350,030 $288,792 $61,238
2016 $3,949 $343,167 $283,129 $60,038
2015 $3,910 $338,013 $278,876 $59,137
2014 $3,819 $331,392 $273,413 $57,979
Source: Public Records

Agents Affiliated with this Home

  • Josef Szigeti

    Seller's Agent in 2021

    Josef Szigeti

    Douglas Elliman Of California

    (949) 981-3310

    1 in this area

    50 Total Sales

    Josef Szigeti
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21253578

California Regional Multiple Listing Service (CRMLS)

APN: 047-142-23

California Orange County Newport Beach 92663 Central Newport Beach

119 23rd St, Newport Beach, CA

This home is located at 119 23rd St, Newport Beach, CA 92663 since 24 November 2021 and is currently estimated at $3,546,414, approximately $995 per square foot. This property was built in 1912. 119 23rd St is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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