Seller's Agent in 2024
Alyssa Jones
Surterre Properties Inc.
(949) 903-6013
1 in this area
2 Total Sales
1701 Paloma Dr Newport Beach, CA 92660
Eastside Costa Mesa NeighborhoodEstimated Value: $3,725,000 - $4,122,000
5
Beds
3.5
Baths
3,243
Sq Ft
$1,219/Sq Ft
Est. Value
Highlights
- Detached Guest House
- In Ground Pool
- Gated Parking
- Woodland Elementary School Rated A
- Primary Bedroom Suite
- Open Floorplan
About This Home
As of April 2024We’re back!! Come experience an exceptional opportunity in the heart of Newport Beach. This expansive property boasts a generously sized lot providing ample space for outdoor activities and entertainment. Nestled on a peaceful street, this five bedroom home features an open-concept kitchen and living room, a separate tv area, laundry room, and walk-in pantry.
Gorgeous hand scrapped wood floors welcome you into the living spaces. An enormous kitchen island provides more than 500 square feet of space; the ideal place for friends and family to gather and enjoy meals created in the chef worthy gourmet kitchen. A six-burner gas stove complete with griddle and warming tray provide all the tools for entertaining. A gorgeous tile backsplash and pot filler compliment the look.
Just to the side of the kitchen is a cozy coffee bar, perfect for housing your breakfast essentials. A fun cocktail space sits around the corner, ready to take entertaining to the next level.
The light and bright primary bedroom boasts a closet with more than 1100 square feet of space for all your storage needs. The serene in-suite, spa-like bathroom comes complete with soaking tub and walk-in shower, providing a tranquil place to begin and end your day.
Joining the main floor are two additional bedrooms with ample space for family and guests. Upstairs you’ll find an additional two bedrooms and a full bath.
This home features multi-zoned air conditioning, an attic fan to keep things cool, a tankless water heater and is ready for your EV vehicle with a charging station on the side of the house.
Connected to the detached garage you’ll find a separate unit with a generous living space, bathroom, and bedroom perfect for guests.
The gorgeous yard area comes complete with mature trees complimented by a large pool and entertaining area. The beautiful outdoor space provides endless possibilities for playtime and relaxing.
This is the property you’ve been waiting for. Close to high class shopping, the beach, the airport, fine dining, and the theater, what more could you ask? Don’t wait for someone else to claim this slice of paradise, schedule a tour and make it your private oasis.
Last Agent to Sell the Property
Surterre Properties Inc. Brokerage Phone: 949-903-6013 License #01778524 Listed on: 08/20/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,328
Year Built
- Built in 1959 | Remodeled
Lot Details
- 0.28 Acre Lot
- Drip System Landscaping
- Sprinklers Throughout Yard
- Wooded Lot
- Private Yard
- Lawn
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Two Garage Doors
- Garage Door Opener
- Driveway
- Gated Parking
Home Design
- Turnkey
- Interior Block Wall
- Shingle Roof
- Concrete Roof
- Wood Siding
- Stucco
Interior Spaces
- 3,243 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Beamed Ceilings
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Living Room
- Dining Room with Fireplace
- Home Office
- Utility Room
- Attic Fan
Kitchen
- Eat-In Kitchen
- Walk-In Pantry
- Convection Oven
- Six Burner Stove
- Gas Range
- Warming Drawer
- Microwave
- Water Line To Refrigerator
- Dishwasher
- Quartz Countertops
- Ceramic Countertops
Bedrooms and Bathrooms
- 5 Bedrooms | 3 Main Level Bedrooms
- Primary Bedroom on Main
- Primary Bedroom Suite
- Walk-In Closet
- Remodeled Bathroom
- Bathroom on Main Level
- Granite Bathroom Countertops
- Dual Sinks
- Soaking Tub
- Bathtub with Shower
- Separate Shower
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Alarm System
- Fire and Smoke Detector
Outdoor Features
- In Ground Pool
- Exterior Lighting
Schools
- Woodland Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Forced Air Zoned Heating and Cooling System
- 220 Volts in Garage
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Detached Guest House
- Suburban Location
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 238
- Tax Tract Number 516
- Assessor Parcel Number 42625127
- $601 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 20, 2023
Closed on
Mar 22, 2024
Sold by
Merino Family Trust and Merino Paul Andrew
Bought by
Smith Zachary and Smith Lisa
Seller's Agent
Alyssa Jones
Surterre Properties Inc.
Buyer's Agent
Tyler Daigler
Marshall Reddick Real Estate
List Price
$3,795,000
Sold Price
$3,570,000
Premium/Discount to List
-$225,000
-5.93%
Views
185
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
$381,670
Avg. Annual Appreciation
7.13%
Original Mortgage
$2,856,000
Outstanding Balance
$2,826,311
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,080,653
Purchase Details
Closed on
Dec 15, 2021
Sold by
Merino and Namrita
Bought by
Merino Family Trust
Purchase Details
Closed on
Dec 12, 2019
Sold by
Merino Paul and Merino Paul
Bought by
Merino Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,000
Interest Rate
3.73%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Jun 4, 2015
Closed on
Oct 26, 2015
Sold by
Nanjappa Jaya
Bought by
Nanjappa Boverianda A
Seller's Agent
Kristi Wright
Kristi Smith Realty
Buyer's Agent
Paul Merino
Berkshire Hathaway H.S.C.P.
List Price
$1,699,000
Sold Price
$1,550,000
Premium/Discount to List
-$149,000
-8.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%
Original Mortgage
$1,162,500
Interest Rate
3.87%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 4, 2015
Closed on
Oct 7, 2015
Sold by
Hood Michael J and Anderson Joan E
Bought by
Merino Paul and Merino Namrita
Seller's Agent
Kristi Wright
Kristi Smith Realty
Buyer's Agent
Paul Merino
Berkshire Hathaway H.S.C.P.
List Price
$1,699,000
Sold Price
$1,550,000
Premium/Discount to List
-$149,000
-8.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
3.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 17, 2014
Sold by
Hood Michael J and Anderson Joan E
Bought by
Hood Michael J and Anderson Joan E
Purchase Details
Closed on
Jul 15, 1994
Sold by
Hood Beverly L and Hood Michael J
Bought by
Hood Beverly L and Hood Michael J
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 |
|---|---|---|---|
| Smith Zachary | $3,570,000 | Chicago Title Company | |
| Merino Family Trust | -- | Macauley Law Group | |
| Merino Paul | -- | -- | |
| Nanjappa Boverianda A | -- | Title 365 | |
| Merino Paul | $1,550,000 | Title 365 | |
| Hood Michael J | -- | None Available | |
| Hood Beverly L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Smith Zachary | $2,856,000 | |
| Previous Owner | Merino Paul | $1,500,200 | |
| Previous Owner | Merino Paul | $1,490,000 | |
| Previous Owner | Merina Paul Andrew | $251,000 | |
| Previous Owner | Merino Paul | -- | |
| Previous Owner | Merino Paul | $1,135,000 | |
| Previous Owner | Merino Paul | $1,162,500 | |
| Closed | Merino Paul | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2024 04/22/24 | Sold | $3,570,000 | -3.5% | $1,101 / Sq Ft |
| 03/21/2024 03/21/24 | Pending | -- | -- | -- |
| 01/28/2024 01/28/24 | Price Changed | $3,700,000 | -2.5% | $1,141 / Sq Ft |
| 12/19/2023 12/19/23 | For Sale | $3,795,000 | +6.3% | $1,170 / Sq Ft |
| 12/18/2023 12/18/23 | Off Market | $3,570,000 | -- | -- |
| 10/09/2023 10/09/23 | Price Changed | $3,795,000 | -2.6% | $1,170 / Sq Ft |
| 09/29/2023 09/29/23 | Price Changed | $3,895,000 | -2.6% | $1,201 / Sq Ft |
| 08/20/2023 08/20/23 | For Sale | $3,999,000 | +158.0% | $1,233 / Sq Ft |
| 10/29/2015 10/29/15 | Sold | $1,550,000 | -3.1% | $478 / Sq Ft |
| 09/28/2015 09/28/15 | Pending | -- | -- | -- |
| 07/29/2015 07/29/15 | Price Changed | $1,599,770 | -5.8% | $493 / Sq Ft |
| 06/04/2015 06/04/15 | For Sale | $1,699,000 | -- | $523 / 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 | $22,328 | $3,641,400 | $3,331,374 | $310,026 |
| 2024 | $22,328 | $2,057,031 | $1,777,980 | $279,051 |
| 2023 | $21,856 | $2,016,698 | $1,743,118 | $273,580 |
| 2022 | $21,396 | $1,977,155 | $1,708,939 | $268,216 |
| 2021 | $20,851 | $1,938,388 | $1,675,431 | $262,957 |
| 2020 | $20,652 | $1,918,513 | $1,658,252 | $260,261 |
| 2019 | $17,745 | $1,644,872 | $1,388,633 | $256,239 |
| 2018 | $17,394 | $1,612,620 | $1,361,405 | $251,215 |
| 2017 | $17,089 | $1,581,000 | $1,334,710 | $246,290 |
| 2016 | $16,706 | $1,550,000 | $1,308,539 | $241,461 |
| 2015 | $2,081 | $156,402 | $35,888 | $120,514 |
| 2014 | $1,960 | $153,339 | $35,185 | $118,154 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Tyler Daigler
Marshall Reddick Real Estate
(714) 425-5752
1 in this area
32 Total Sales
-
Seller's Agent in 2015
Kristi Wright
Kristi Smith Realty
(949) 637-6602
46 Total Sales
-
P
Buyer's Agent in 2015
Paul Merino
Berkshire Hathaway H.S.C.P.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23155136
APN: 426-251-27
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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
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