Seller's Agent in 2017
Matt Perry
Arbor Real Estate
(949) 698-1996
2 in this area
74 Total Sales
122 25th St Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated Value: $3,044,000 - $3,996,390
2
Beds
1
Bath
1,056
Sq Ft
$3,189/Sq Ft
Est. Value
Highlights
- Ocean View
- No Units Above
- Property is near a park
- Newport Elementary School Rated A
- Ocean Side of Highway 1
- Great Room
About This Home
As of July 2017Located just a few blocks from the famed Newport Pier, this highly upgraded duplex in the 100 block of 25th Street offers the ideal combination of charm, location, and functionality. Just nine properties away from the world class surf at Blackies and a short distance from all of the conveniences of shopping and restaurants, the area as a whole is experiencing massive gentrification with development of the Lido House Boutique Hotel and Lido Marina Village. The interiors are tastefully finished with wood flooring, custom cabinetry, granite counters, stainless steel appliances, tank-less water heater, large closets and ceiling fans. Each unit two bedrooms and one bathroom as well as interior laundry, separate gas and electrical meters, and picket fenced front patios ideal for dining al fresco. Both units have been successfully leased as winter and summer rentals for many years.
Last Agent to Sell the Property
Arbor Real Estate License #01192690 Listed on: 06/13/2017
Last Buyer's Agent
Melissa Mullins Schmand
First Team Real Estate License #01043651
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,687
Year Built
- Built in 1926
Lot Details
- 1,742 Sq Ft Lot
- Property fronts an alley
- No Units Above
- No Units Located Below
- 1 Common Wall
- Wood Fence
- Block Wall Fence
- Rectangular Lot
- Paved or Partially Paved Lot
- Private Yard
- Density is up to 1 Unit/Acre
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Duplex
- Bungalow
- Split Level Home
- Turnkey
- Pillar, Post or Pier Foundation
- Raised Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1,056 Sq Ft Home
- 2-Story Property
- Built-In Features
- Ceiling Fan
- Blinds
- Window Screens
- Great Room
Kitchen
- Gas Oven
- Gas Cooktop
- Freezer
- Water Line To Refrigerator
- Dishwasher
- Granite Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Mirrored Closets Doors
- 1 Bathroom
Laundry
- Laundry Room
- Washer Hookup
Parking
- Parking Available
- Driveway
- Paved Parking
- Uncovered Parking
- On-Site Parking
- Parking Lot
- Off-Street Parking
- Unassigned Parking
Outdoor Features
- Ocean Side of Highway 1
Location
- Property is near a park
- Property is near public transit
Utilities
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 15
- Tax Tract Number 512
- Assessor Parcel Number 04714104
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $27,261
- Gross Income $67,533
- Net Operating Income $44,565
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 4, 2020
Sold by
Spada Charisse M
Bought by
Spada Charisse M
Current Estimated Value
Purchase Details
Listed on
Jun 13, 2017
Closed on
Jun 22, 2017
Sold by
Trachtenberg Geoffrey M
Bought by
Spada Charisse Marie
Seller's Agent
Matt Perry
Arbor Real Estate
Buyer's Agent
Melissa Mullins Schmand
First Team Real Estate
List Price
$1,475,000
Sold Price
$1,450,000
Premium/Discount to List
-$25,000
-1.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Purchase Details
Closed on
Aug 25, 2011
Sold by
Neal Jeffery B and Neal Erin M
Bought by
Trachtenberg Geoffrey M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 6, 2003
Sold by
City Of Newport Beach
Bought by
2116 Ocean Front Associates
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
6.22%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 3, 1999
Sold by
Ambi Managed Services Inc
Bought by
Neal Jeffery B and Neal Erin M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,100
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 15, 1999
Sold by
Howlett Charles R and Howlett Barbara Ann
Bought by
Ambi Managed Services Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,100
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 18, 1998
Sold by
Kingston John D and Kingston Anna L
Bought by
Howlett Charles R and Howlett Barbara Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,800
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 12, 1995
Sold by
Kingston John D and Kingston Anna L
Bought by
Kingston John D and Kingston Anna L
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 |
|---|---|---|---|
| Spada Charisse M | -- | None Available | |
| Spada Charisse Marie | $1,450,000 | Lawyers Title Company | |
| Trachtenberg Geoffrey M | $825,000 | Ticor Title | |
| 2116 Ocean Front Associates | -- | Chicago Title | |
| Neal Jeffery B | $385,000 | Orange Coast Title | |
| Ambi Managed Services Inc | $82,000 | Orange Coast Title | |
| Howlett Charles R | $295,681 | Old Republic Title Company | |
| Kingston John D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Trachtenberg Geoffrey M | $495,000 | |
| Previous Owner | 2116 Ocean Front Associates | $2,100,000 | |
| Previous Owner | Neal Jeffery B | $307,100 | |
| Previous Owner | Howlett Charles R | $238,800 | |
| Closed | Howlett Charles R | $29,850 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2017 07/11/17 | Sold | $1,450,000 | -1.7% | $1,373 / Sq Ft |
| 07/06/2017 07/06/17 | Pending | -- | -- | -- |
| 06/13/2017 06/13/17 | For Sale | $1,475,000 | -- | $1,397 / 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 | $24,687 | $2,354,988 | $1,613,222 | $741,766 |
| 2024 | $24,687 | $2,308,812 | $1,581,590 | $727,222 |
| 2023 | $24,109 | $2,263,542 | $1,550,579 | $712,963 |
| 2022 | $23,709 | $2,219,159 | $1,520,175 | $698,984 |
| 2021 | $23,255 | $2,175,647 | $1,490,368 | $685,279 |
| 2020 | $22,295 | $2,083,351 | $1,475,086 | $608,265 |
| 2019 | $19,136 | $1,785,911 | $1,446,163 | $339,748 |
| 2018 | $15,732 | $1,450,000 | $1,417,807 | $32,193 |
| 2017 | $9,889 | $892,864 | $817,107 | $75,757 |
| 2016 | $9,671 | $875,357 | $801,085 | $74,272 |
| 2015 | $9,577 | $862,209 | $789,052 | $73,157 |
| 2014 | -- | $845,320 | $773,596 | $71,724 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Perry
-
M
Buyer's Agent in 2017
Melissa Mullins Schmand
First Team Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG17132718
APN: 047-141-04
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