NOT LISTED FOR SALE

Estimated Value: $3,322,000 - $4,158,000

4 Beds
4 Baths
2,256 Sq Ft
$1,649/Sq Ft Est. Value

Last Sold November 26, 2019

Last sale price $1,840,000 $816 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $21,402/month

45 Days on Market

Highlights

  • Beach Access
  • Two Primary Bedrooms
  • Deck
  • Newport Elementary School Rated A
  • City Lights View
  • 4-minute walk to Marina Park

About This Home

As of November 2019

This 2 unit property is in an excellent location just two houses to the beach and a very short walk to the bay. A charming home originally, remodeled in 2002 to a permitted 2 unit building. A short 1 block walk to Marina Park, restaurants and the Newport Pier. Each of the units feature 2 bedrooms and 2 bathrooms. The lower unit has a charming patio, fireplace and has a good size master bedroom. The upper unit has high ceilings, quartz counters in the kitchen, flooring from Indonesia consisting of petrified forest wood turned into tile. The open floor plan allows for easy entertaining out to the large deck with peek-a-boo view of the ocean. Both units are currently rented. Come take a look and listen to the 18th street surf break.

Last Agent to Sell the Property

Karly Brown

First Team Real Estate License #01189690 Listed on: 09/02/2019

Last Buyer's Agent

Jacquelene Kan

Universal Elite Realty License #01435192

Universal Elite Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,078

Year Built

  • Built in 1957

Lot Details

  • 2,500 Sq Ft Lot
  • 1 Common Wall
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Duplex

Interior Spaces

  • 2,256 Sq Ft Home
  • Track Lighting
  • Living Room with Fireplace
  • Home Office

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 7 / 118
  • Tax Tract Number 515
  • Assessor Parcel Number 04718210

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,078

Year Built

Built in 1957

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Central Newport (CNEW)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 04718210
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2256.00 Square Feet
  • Interior Amenities: Track Lighting
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 815.60
  • Room Type: Office, Two Masters, Walk-In Closet

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Gutters, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0574

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2500.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 118
  • Tax Census Tract: 628.00
  • Tax Lot: 7
  • Tax Tract Number: 515

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2022
Sold by
Yip Michael M and Mei Linda
Bought by
Yip Family Revocable Living Trust
Current Estimated Value
$3,720,014

Purchase Details

Closed on
Sep 27, 2021
Sold by
Yip Michael M and Chhan Lind
Bought by
Yip Michael M and Chhan Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2019
Closed on
Nov 6, 2019
Sold by
Choi Jin Ju
Bought by
Ciment Scott
Seller's Agent
Karly Brown
First Team Real Estate
Buyer's Agent
Jacquelene Kan
Universal Elite Realty
List Price
$1,880,000
Sold Price
$1,840,000
Premium/Discount to List
-$40,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.66%
Original Mortgage
$1,196,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2019
Closed on
Oct 22, 2019
Sold by
Ciment Scott
Bought by
Yip Michael Muy and Chhan Linda
Seller's Agent
Karly Brown
First Team Real Estate
Buyer's Agent
Jacquelene Kan
Universal Elite Realty
List Price
$1,880,000
Sold Price
$1,840,000
Premium/Discount to List
-$40,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,196,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2012
Sold by
Ciment James
Bought by
Ciment Scott

Purchase Details

Closed on
Oct 25, 2011
Sold by
Grant Eugene
Bought by
Grant Eugene and The Eugene Grant & Gloria Joyce Ciment 2

Purchase Details

Closed on
Jul 6, 2011
Sold by
Grant Eugene and Ciment Gloria Joyce
Bought by
Grant Eugene and Ciment Gloria Joyce

Purchase Details

Closed on
Jan 7, 2011
Sold by
Ciment Gloria J
Bought by
Grant Eugene and Ciment Gloria Joyce

Purchase Details

Closed on
Feb 15, 2005
Sold by
Ciment Gloria J
Bought by
Ciment Gloria J and Ciment Scott P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
5.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 11, 2003
Sold by
Ciment Gloria J
Bought by
Ciment Gloria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
6.3%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 5, 1996
Sold by
Eugene Grant and Eugene Gloria J
Bought by
Ciment Gloria J
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
Yip Family Revocable Living Trust -- --
Yip Michael M -- Wfg National Title Company
Ciment Scott -- Lawyers Title Company
Yip Michael Muy $1,840,000 Lawyers Title
Ciment Scott -- None Available
Grant Eugene -- None Available
Grant Eugene -- None Available
Grant Eugene -- None Available
Ciment Gloria J -- Gateway Title Company
Ciment Scott P -- --
Ciment Gloria J -- Gateway Title
Ciment Gloria J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yip Michael M $999,000
Previous Owner Yip Michael Muy $1,196,000
Previous Owner Cimentan Gloria J $620,000
Previous Owner Ciment Gloria J $530,000
Previous Owner Ciment Gloria J $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2019 11/26/19 Sold $1,840,000 -2.1% $816 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
09/02/2019 09/02/19 For Sale $1,880,000 -- $833 / 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 $21,078 $2,012,307 $1,814,619 $197,688
2024 $21,078 $1,972,850 $1,779,038 $193,812
2023 $20,583 $1,934,167 $1,744,155 $190,012
2022 $20,313 $1,896,243 $1,709,956 $186,287
2021 $19,924 $1,859,062 $1,676,427 $182,635
2020 $19,733 $1,840,000 $1,659,237 $180,763
2019 $4,797 $422,062 $225,914 $196,148
2018 $4,704 $413,787 $221,485 $192,302
2017 $4,622 $405,674 $217,142 $188,532
2016 $4,522 $397,720 $212,884 $184,836
2015 $4,477 $391,746 $209,686 $182,060
2014 $4,372 $384,073 $205,579 $178,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19215625

California Regional Multiple Listing Service (CRMLS)

APN: 047-182-10