1516 W Oceanfront Unit A Newport Beach, CA 92663
Central Newport Beach NeighborhoodEstimated Value: $2,812,000 - $4,748,000
3
Beds
2
Baths
1,820
Sq Ft
3,088
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Updated Kitchen
- Newport Elementary School Rated A
- Fishing
- 3-minute walk to Marina Park
About This Home
As of November 2021BACK ON MARKET AFTER BUYER FAILED TO PERFORM. Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a thoughtfully appointed spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $37,883
Year Built
- Built in 1990 | Remodeled
Lot Details
- Beach Front
- Home fronts navigable water
- 1 Common Wall
Parking
- 3 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
- Tandem Garage
- Garage Door Opener
Property Views
- White Water Ocean
- Coastline
- Views of a pier
- Catalina
- Panoramic
- City Lights
- Neighborhood
Home Design
- Turnkey
Interior Spaces
- 1,820 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Storage
Kitchen
- Updated Kitchen
- Walk-In Pantry
- Butlers Pantry
- Self-Cleaning Oven
- Gas Range
- Free-Standing Range
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Granite Countertops
- Self-Closing Drawers and Cabinet Doors
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Walk-In Closet
- Remodeled Bathroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Living Room Balcony
- Patio
- Lanai
- Terrace
- Exterior Lighting
- Outdoor Storage
Location
- Urban Location
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 628
- Assessor Parcel Number 93980011
Community Details
Overview
- No Home Owners Association
- 2 Units
- Balboa Peninsula Subdivision
Recreation
- Fishing
- Park
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 16, 2021
Closed on
Sep 21, 2021
Sold by
Fahmy Disa Samir and Fahmy Odette Youssef
Bought by
Salloum Youssef and Salloum Caitlyn
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tyler Jones
Douglas Elliman of California, Inc.
List Price
$3,595,000
Sold Price
$3,425,000
Premium/Discount to List
-$170,000
-4.73%
Total Days on Market
63
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
$577,711
Avg. Annual Appreciation
4.50%
Original Mortgage
$2,568,750
Outstanding Balance
$2,367,729
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,634,982
Purchase Details
Closed on
Jan 2, 2020
Sold by
Security Eat 304 Inc
Bought by
Fahmy Diaa Samir and Fahmy Odette Youssef
Purchase Details
Closed on
Jul 9, 2019
Sold by
Fahmy Diaa Samir and Fahmy Odette Youssef
Bought by
Security Eat 304 Inc
Purchase Details
Closed on
May 8, 2014
Sold by
Fahmy Diaa Samir and Fahmy Odette Youssef
Bought by
Fahmy Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Oct 2, 2003
Sold by
Fahmy Diaa Samir
Bought by
Fahmy Diaa Samir and Fahmy Odette Youssef
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 6, 2003
Sold by
Fahmy Diaa Samir and Fahmy Odette Youssef
Bought by
Fahmy Diaa Samir
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,230
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 29, 2002
Sold by
Fahmy Diaa S
Bought by
Fahmy Diaa Samir and Fahmy Odette Youssef
Purchase Details
Closed on
Oct 28, 2002
Sold by
Fahmy Odette Y
Bought by
Fahmy Diaa S
Purchase Details
Closed on
Jul 31, 2002
Sold by
Park Center Exchange Inc
Bought by
Fahmy Diaa S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salloum Youssef | $3,425,000 | First Amer Ttl Co Res Div | |
| Fahmy Diaa Samir | -- | None Available | |
| Security Eat 304 Inc | -- | None Available | |
| Fahmy Living Trust | -- | Ticor Title Company | |
| Fahmy Diaa Samir | -- | -- | |
| Fahmy Diaa Samir | -- | Chicago Title Co | |
| Fahmy Diaa Samir | -- | Equity Title Company | |
| Fahmy Diaa S | -- | Equity Title Company | |
| Fahmy Diaa S | -- | Equity Title Company | |
| Park Center Exchange Inc | $1,150,000 | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salloum Youssef | $2,568,750 | |
| Previous Owner | Fahmy Living Trust | $965,000 | |
| Previous Owner | Fahmy Diaa Samir | $700,000 | |
| Previous Owner | Fahmy Diaa S | $500,000 | |
| Previous Owner | Fahmy Diaa Samir | $788,230 | |
| Previous Owner | Fahmy Diaa S | $800,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2021 11/01/21 | Sold | $3,425,000 | -4.7% | $1,882 / Sq Ft |
| 09/17/2021 09/17/21 | Pending | -- | -- | -- |
| 07/16/2021 07/16/21 | For Sale | $3,595,000 | 0.0% | $1,975 / Sq Ft |
| 08/24/2020 08/24/20 | Rented | $9,950 | 0.0% | -- |
| 08/05/2020 08/05/20 | Price Changed | $9,950 | -16.7% | $6 / Sq Ft |
| 07/20/2020 07/20/20 | Price Changed | $11,950 | -14.0% | $7 / Sq Ft |
| 06/29/2020 06/29/20 | Price Changed | $13,900 | -5.8% | $8 / Sq Ft |
| 05/23/2020 05/23/20 | For Rent | $14,750 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $37,883 | $3,563,370 | $3,261,632 | $301,738 |
| 2023 | $36,998 | $3,493,500 | $3,197,678 | $295,822 |
| 2022 | $36,387 | $3,425,000 | $3,134,978 | $290,022 |
| 2021 | $16,549 | $1,538,740 | $1,254,275 | $284,465 |
| 2020 | $16,390 | $1,522,963 | $1,241,414 | $281,549 |
| 2019 | $16,053 | $1,493,101 | $1,217,072 | $276,029 |
| 2018 | $15,734 | $1,463,825 | $1,193,208 | $270,617 |
| 2017 | $15,457 | $1,435,123 | $1,169,812 | $265,311 |
| 2016 | $15,110 | $1,406,984 | $1,146,875 | $260,109 |
| 2015 | $14,968 | $1,385,850 | $1,129,648 | $256,202 |
| 2014 | $13,715 | $1,273,000 | $1,032,088 | $240,912 |
Source: Public Records
Agents Affiliated with this Home
-
Tara Shapiro
Seller's Agent in 2021
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
23 in this area
95 Total Sales
-
Tyler Jones
Buyer's Agent in 2021
Tyler Jones
Douglas Elliman of California, Inc.
(619) 884-9217
1 in this area
30 Total Sales
-
Tracy Seeber
T
Seller's Agent in 2020
Tracy Seeber
Balboa Realty
(949) 378-8999
3 in this area
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21155785
APN: 939-800-11
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