NOT LISTED FOR SALE

Estimated Value: $2,212,555 - $2,813,000

3 Beds
2 Baths
1,246 Sq Ft
$1,938/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $1,300,000 $1,043 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $14,713/month

6 Days on Market

Highlights

  • Two Homes on a Lot
  • Laundry Room
  • 2-minute walk to Channel Place Park
  • Newport Elementary School Rated A
  • Wall Furnace

About This Home

As of July 2016

Vintage duplex in ideal location. First block to the beach, near the boardwalk, and a quick bike ride to local restaurants and shopping. Front unit is a 2 bedroom/one bath with a one car garage. Upper rear unit is a one bedroom/one bath that also has a one car garage. Front unit has a nice patio, in addition there is a back courtyard separating the front from the back. Great opportunity to build a new duplex or a vacation home.

Last Agent to Sell the Property

Joan Trout

Compass License #00578819 Listed on: 06/21/2016

Compass

Last Buyer's Agent

Bob Irish

Newport Realty License #01364068

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,106

Year Built

  • Built in 1947

Lot Details

  • 2,548 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Value in Land

Parking

  • 2 Car Garage

Home Design

  • 1,246 Sq Ft Home
  • Composition Roof

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Two Homes on a Lot
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 20 / 42
  • Tax Tract Number 670
  • Assessor Parcel Number 42302315

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,106

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Central Newport (CNEW)
  • View: No
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 42302315
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 1043.34

Exterior Features

  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size: 2550
  • Lot Size Sq Ft: 2548.00
  • Price Per Lot Square Foot: 510.20

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3650.00
  • Gross Scheduled Income: 43800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Rent Control: No

Tax Info

  • Tax Block: 42
  • Tax Lot: 20
  • Tax Tract Number: 670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2016
Closed on
Jul 5, 2016
Sold by
May William H and May Barbara J
Bought by
Lazkani Nancy and Pando Joseph P
Seller's Agent
Joan Trout
Compass
Buyer's Agent
Bob Irish
Newport Realty
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Current Estimated Value
$2,453,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,153,962
Avg. Annual Appreciation
7.15%

Purchase Details

Closed on
Dec 28, 2000
Sold by
May William H and May Barbara J
Bought by
May William H and May Barbara J
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Lazkani Nancy $1,300,000 First American Title Company
May William H -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2016 07/19/16 Sold $1,300,000 -3.7% $1,043 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $1,350,000 -- $1,083 / 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 $16,106 $1,508,759 $1,465,296 $43,463
2024 $16,106 $1,479,176 $1,436,565 $42,611
2023 $15,725 $1,450,173 $1,408,397 $41,776
2022 $15,461 $1,421,739 $1,380,782 $40,957
2021 $15,167 $1,393,862 $1,353,708 $40,154
2020 $15,021 $1,379,570 $1,339,827 $39,743
2019 $14,715 $1,352,520 $1,313,556 $38,964
2018 $14,424 $1,326,000 $1,287,800 $38,200
2017 $14,170 $1,300,000 $1,262,549 $37,451
2016 $5,675 $495,192 $433,923 $61,269
2015 $5,619 $487,754 $427,405 $60,349
2014 $5,488 $478,200 $419,033 $59,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16134308

California Regional Multiple Listing Service (CRMLS)

APN: 423-023-15