NOT LISTED FOR SALE

Estimated Value: $6,542,000 - $7,636,000

0.27 Acre
$26,224,711 Price per Acre
11,622 Sq Ft Lot

Last Sold April 01, 2022

Last sale price $5,500,000 $3,069 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $42,878/month

52 Days on Market

Highlights

  • White Water Ocean Views
  • No HOA
  • 1-minute walk to Kings Road Park
  • Newport Heights Elementary Rated A
  • Bike Trail

About This Lot

As of April 2022

"Back on the market "Ocean View lot available in Newport Beach. Build your dream home on this 11,622 sq ft lot with a spectacular view of the harbor, ocean and city lights. This extremely rare location is next to a park that no one could ever build on that allows a more expansive view that only this location offers on Kings Rd. Plans are currently in with the city but have not yet been approved to build a 10,000 sq ft home.

Last Agent to Sell the Property

Suzanne Malerbe

RE/MAX Select One License #01467209 Listed on: 01/24/2022

RE/MAX Select One

Last Buyer's Agent

Adriana Trenev

Arbor Real Estate License #01893246

Arbor Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $60,603

Lot Details

  • 0.27 Acre Lot
  • Density is up to 1 Unit/Acre

Property Views

  • White Water Ocean
  • Harbor
  • Catalina
  • Panoramic
  • City Lights

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1221
  • Assessor Parcel Number 04922255
  • $364 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Kings Road Subdivision

Recreation

  • Bike Trail
  • Rain Gutters

Property Details

Property Type

Land

Est. Annual Taxes

$60,603

Lot Details

0

Listing Details

  • Other Phone Description: 714-925-1436
  • Other Phone Number: 714-925-1436
  • Subdivision Name Other: Kings Road (KGRD)
  • View: Yes
  • Zoning: RESI
  • Property Type: Land
  • Parcel Number: 04922255
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 473.24

Exterior Features

  • View: Catalina, City Lights, Harbor, Ocean, Panoramic, Water, White Water

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11622.00
  • Lot Size Acres: 0.2668

Multi Family

  • Lot Size Area: 11622.0000 Square Feet

Tax Info

  • Tax Census Tract: 634.00
  • Tax Lot: 10
  • Tax Tract Number: 1221
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Mar 22, 2022
Sold by
Mohammed Al-Tuwaijri
Bought by
Melody Manor Trust
Seller's Agent
Suzanne Malerbe
RE/MAX Select One
Buyer's Agent
Adriana Trenev
Arbor Real Estate
List Price
$5,495,000
Sold Price
$5,500,000
Premium/Discount to List
$5,000
0.09%
Current Estimated Value
$6,996,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,496,753
Avg. Annual Appreciation
9.03%

Purchase Details

Listed on
Aug 2, 2016
Closed on
May 9, 2017
Sold by
Albusaily Huda
Bought by
Al Tuwaijri Mohammed
Seller's Agent
Suzanne Malerbe
RE/MAX Select One
Buyer's Agent
Suzanne Malerbe
RE/MAX Select One
List Price
$5,250,000
Sold Price
$3,650,000
Premium/Discount to List
-$1,600,000
-30.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%
Original Mortgage
$2,190,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 2, 2016
Closed on
Apr 23, 2017
Sold by
Hackler Emily S
Bought by
Al Tuwaijri Mohammed
Seller's Agent
Suzanne Malerbe
RE/MAX Select One
Buyer's Agent
Suzanne Malerbe
RE/MAX Select One
List Price
$5,250,000
Sold Price
$3,650,000
Premium/Discount to List
-$1,600,000
-30.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,190,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 19, 2007
Sold by
Hackler Walter and Hackler Emily
Bought by
Hackler Walter A and Hackler Emily S

Purchase Details

Closed on
Dec 13, 2002
Sold by
Markowitz William J and Markowitz Jennifer Anne
Bought by
Hackler Walter and Hackler Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 1998
Sold by
Anne Markowitz William J and Dorr Jennifer
Bought by
Markowitz William J and Markowitz Jennifer Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 1995
Sold by
Markowitz William J and Dorr Jennifer Anne
Bought by
Markowitz William J and Dorr Jennifer Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
8.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Melody Manor Trust $5,500,000 Usa National Title
Al Tuwaijri Mohammed -- Orange Coast Title Company
Al Tuwaijri Mohammed $3,650,000 Orange Coast Title
Hackler Walter A -- None Available
Hackler Walter -- --
Markowitz William J -- Chicago Title Co
Markowitz William J -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Al Tuwaijri Mohammed $2,190,000
Previous Owner Hackler Walter $750,000
Previous Owner Hackler Walter $1,850,000
Previous Owner Hackler Walter $99,950
Previous Owner Hackler Walter $1,625,000
Previous Owner Hackler Walter $100,000
Previous Owner Hackler Walter $1,300,000
Previous Owner Markowitz William J $1,300,000
Previous Owner Markowitz William J $100,000
Previous Owner Markowitz William J $1,000,000
Previous Owner Markowitz William J $770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $5,500,000 +0.1% $3,069 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $5,495,000 +50.5% $3,066 / Sq Ft
05/22/2017 05/22/17 Sold $3,650,000 0.0% $849 / Sq Ft
04/08/2017 04/08/17 Off Market $3,650,000 -- --
01/13/2017 01/13/17 Price Changed $4,595,000 -6.1% $1,069 / Sq Ft
08/06/2016 08/06/16 Price Changed $4,895,000 -6.8% $1,138 / Sq Ft
08/02/2016 08/02/16 For Sale $5,250,000 -- $1,221 / 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 $60,603 $7,196,310 $5,836,644 $1,359,666
2024 $60,603 $5,722,200 $5,722,200 --
2023 $59,190 $5,610,000 $5,610,000 $0
2022 $34,155 $3,212,360 $3,212,360 $0
2021 $33,500 $3,149,373 $3,149,373 $0
2020 $33,178 $3,117,081 $3,117,081 $0
2019 $40,284 $3,797,460 $3,055,962 $741,498
2018 $39,479 $3,723,000 $2,996,041 $726,959
2017 $32,383 $3,049,423 $2,366,043 $683,380
2016 $31,652 $2,989,631 $2,319,650 $669,981
2015 $31,354 $2,944,724 $2,284,806 $659,918
2014 $30,687 $2,887,041 $2,240,049 $646,992
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22014501

California Regional Multiple Listing Service (CRMLS)

APN: 049-222-55