NOT LISTED FOR SALE

Estimated Value: $7,598,000 - $8,372,000

3 Beds
3.5 Baths
2,279 Sq Ft
$3,507/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $5,300,000 $2,326 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $49,481/month

5 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Double Door Entry
  • Abraham Lincoln Elementary School Rated A
  • Main Floor Bedroom
  • 2 Car Attached Garage

About This Home

As of April 2021

Perfectly situated on a tree-shaded, ocean-view lot sits an amazing opportunity in the highly-coveted Irvine Terrace neighborhood! This cottage, sited on 10,266 square feet, features a panoramic vista sweeping from Newport Harbor to Catalina Island. Upon entering, you are greeted by a lush, landscaped yard with room for a spa or plunge pool. This sun-lit and charming 3-bedroom, 3.5 bath home offers myriad possibilities to refurbish, redesign, expand or rebuild! The stellar location is amplified by its proximity to Irvine Terrace Park, Corona del Mar Village, Balboa Island, Newport Beach Country Club, and Fashion Island.

Last Agent to Sell the Property

deb millar

Arbor Real Estate License #01059734 Listed on: 03/18/2021

Arbor Real Estate

Co-Listed By

Matilda Lumpkin

Arbor Real Estate License #02121578

Last Buyer's Agent

Ron Millar

Arbor Real Estate License #01191748

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,732

Year Built

  • Built in 1958

Lot Details

  • 10,266 Sq Ft Lot
  • Level Lot

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Bay

Interior Spaces

  • 2,279 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Double Door Entry
  • Living Room with Fireplace
  • Dining Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 107
  • Tax Tract Number 2813
  • Assessor Parcel Number 05034404

Community Details

Overview

  • Irvine Terrace Community Association, Phone Number (800) 428-5588
  • First Service Residential HOA
  • Irvine Terrace Subdivision

Security

  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,732

Year Built

Built in 1958

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: Yes
  • Architectural Style: Ranch
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05034404
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2279.00 Square Feet
  • Interior Amenities: Built-in Features
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: No
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Double Door Entry
  • Eating Area: Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2325.58
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Bathroom Features: Bathtub, Shower

Exterior Features

  • View: Bay, Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Management
  • Association Fee: 500.00
  • Association Fee Frequency: Annually
  • Association Name: Irvine Terrace Community Association
  • Phone: 800.428.5588
  • Senior Community: No
  • Community Features: Sidewalks
  • Association Management: First Service Residential

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 10266.00
  • Lot Size Acres: 0.2357

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10266.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 107
  • Tax Tract Number: 2813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Apr 4, 2021
Sold by
Davis Jerald R and The Mary Louis Schwennesen Tru
Bought by
Righeimer William J and Righeimer Bonita
Seller's Agent
deb millar
Arbor Real Estate
Buyer's Agent
Ron Millar
Arbor Real Estate
List Price
$5,500,000
Sold Price
$5,300,000
Premium/Discount to List
-$200,000
-3.64%
Current Estimated Value
$7,991,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,691,811
Avg. Annual Appreciation
10.00%
Original Mortgage
$3,975,000
Outstanding Balance
$3,596,710
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$4,395,101

Purchase Details

Closed on
Sep 9, 1993
Sold by
Schwennesen Mary Louise
Bought by
Schwennesen Mary Louise
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
Righeimer William J $5,300,000 Usa National Title Company
Schwennesen Mary Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Righeimer William J $3,975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $5,300,000 -3.6% $2,326 / Sq Ft
03/18/2021 03/18/21 For Sale $5,500,000 -- $2,413 / 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 $70,732 $6,818,577 $5,545,605 $1,272,972
2024 $70,732 $6,684,880 $5,436,868 $1,248,012
2023 $60,619 $5,746,297 $5,330,263 $416,034
2022 $57,227 $5,406,000 $5,225,749 $180,251
2021 $26,940 $2,525,900 $2,346,400 $179,500
2020 $3,260 $282,468 $186,725 $95,743
2019 $3,198 $276,930 $183,064 $93,866
2018 $3,135 $271,500 $179,474 $92,026
2017 $3,080 $266,177 $175,955 $90,222
2016 $3,013 $260,958 $172,505 $88,453
2015 $2,981 $257,039 $169,914 $87,125
2014 $2,910 $252,004 $166,585 $85,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21046684

California Regional Multiple Listing Service (CRMLS)

APN: 050-344-04