NOT LISTED FOR SALE

Estimated Value: $3,002,689 - $3,700,000

2 Beds
2 Baths
1,705 Sq Ft
$714/mo HOA Fee

Last Sold May 27, 2020

Last sale price $2,400,000 $1,408 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $21,543/month

188 Days on Market

Highlights

  • Marina
  • Property Fronts a Bay or Harbor
  • Fireplace in Primary Bedroom
  • Abraham Lincoln Elementary School Rated A
  • Open Floorplan
  • Wood Flooring

About This Home

As of May 2020

Front row Bayfront condo on Newport Beach Harbor. The Mai Kai Community, a rare opportunity on the bay in Corona del Mar.
Semi-original 2 bedrooms 2 baths features dinning, family & living rooms open to a sprawling covered patio on the bay. Captivating views of Newport Harbor, Balboa Island and down the channel to the jetty. Featuring 1 car garage and 1 car parking spot. Perfect for year-around living, as a retreat or remodel to your style. Bayside Marina boat slips available for lease. Minutes to Balboa Island, yacht clubs, restaurants and shopping.

Last Agent to Sell the Property

Roseanne Levan

Douglas Elliman Of California License #01044989 Listed on: 08/06/2019

Douglas Elliman Of California

Last Buyer's Agent

Roseanne Levan

Douglas Elliman Of California License #01044989 Listed on: 08/06/2019

Douglas Elliman Of California

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,465

Year Built

  • Built in 1960

Lot Details

  • Property Fronts a Bay or Harbor
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $714 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Shared Driveway
  • Parking Lot

Property Views

  • Bay
  • Harbor
  • City Lights
  • Canal

Home Design

  • Entry on the 1st floor
  • Fixer Upper

Interior Spaces

  • 1,705 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Formal Entry
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room Balcony

Kitchen

  • Open to Family Room
  • Electric Oven
  • Electric Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating
  • Private Water Source
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 8917
  • Assessor Parcel Number 93454026

Community Details

Overview

  • 32 Units
  • Mai Kai Community Association, Phone Number (949) 363-1963
  • Bhe Management HOA
  • Maintained Community

Recreation

  • Marina

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,465

Year Built

Built in 1960

Lot Details

0

HOA Fees

$714 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Mai Kai Condos (MAIK)
  • View: Yes
  • Property Condition: Fixer
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93454026
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1705.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Living Room Balcony, Open Floorplan, Pantry
  • Stories: 1
  • Entry Location: up steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: In Family Room
  • Entry Level: 1
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1407.62
  • Room Type: Formal Entry, Great Room
  • Bathroom Features: Bathtub, Shower In Tub, Double Sinks In Master Bath, Granite Counters, Remodeled
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • View: Bay, Canal, City Lights, Harbor
  • Patio And Porch Features: Covered, Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Parking Space, Shared Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Water Source: Private

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Trash
  • Association Fee: 714.00
  • Association Fee Frequency: Monthly
  • Association Name: Mai Kai Community
  • Phone: 949-363-1963
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks
  • Association Management: BHE Management

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 32
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Marina in Community

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 1
  • Tax Tract Number: 8917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2020
Sold by
Becker Bruce F and Becker Ernest A
Bought by
Ponder Michael H
Current Estimated Value
$3,429,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,920,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 1994
Sold by
Pierson Thomas and Pierson Faye
Bought by
Becker Ernest A and Becker Mary Elizabeth
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
Ponder Michael H $2,400,000 California Title Company
Becker Ernest A -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ponder Michael H $1,920,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2020 05/27/20 Sold $2,400,000 -7.5% $1,408 / Sq Ft
12/03/2019 12/03/19 Price Changed $2,595,000 -5.6% $1,522 / Sq Ft
08/06/2019 08/06/19 For Sale $2,750,000 -- $1,613 / 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 $27,465 $2,624,749 $2,443,121 $181,628
2024 $27,465 $2,573,284 $2,395,217 $178,067
2023 $26,822 $2,522,828 $2,348,252 $174,576
2022 $26,378 $2,473,361 $2,302,208 $171,153
2021 $25,873 $2,424,864 $2,257,066 $167,798
2020 $14,264 $1,321,034 $1,149,380 $171,654
2019 $13,972 $1,295,132 $1,126,843 $168,289
2018 $13,695 $1,269,738 $1,104,748 $164,990
2017 $13,453 $1,244,842 $1,083,087 $161,755
2016 $13,152 $1,220,434 $1,061,850 $158,584
2015 $13,028 $1,202,102 $1,045,900 $156,202
2014 $12,722 $1,178,555 $1,025,412 $153,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19160776

California Regional Multiple Listing Service (CRMLS)

APN: 934-540-26