Seller's Agent in 2020
Michael Shank
Compass
(949) 244-3494
1 in this area
38 Total Sales
20052 SW Birch St Newport Beach, CA 92660
Bayview NeighborhoodEstimated Value: $3,743,000 - $6,398,000
6
Beds
4
Baths
2,742
Sq Ft
$1,731/Sq Ft
Est. Value
Highlights
- No HOA
- Mariners Elementary School Rated A
- Laundry Room
About This Home
As of September 2020Rare find, prime location. Located in Newport Beach, with easy access to freeways and John Wayne Airport. Redevelop the site with professional and administrative offices, commercial uses, specific uses related to product development, and industrial uses. The existing nonconforming residential units may remain as a great investment opportunity. The land is over 15,500 sqft (approximately) and is awaiting your creativity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,248
Year Built
- Built in 1940
Lot Details
- 0.36 Acre Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 6 Open Parking Spaces
- 3 Car Garage
Home Design
- 2,742 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 140
- Tax Tract Number 706
- Assessor Parcel Number 43935227
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Santa Ana Heights Commercial Subdivision
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $3,420
- Fuel Expense $3,960
- Insurance Expense $967
- Trash Expense $750
- Water Sewer Expense $750
- New Taxes Expense $2,685
- Operating Expense $12,532
- Gross Income $90,744
- Net Operating Income $83,144
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 23, 2023
Sold by
Kim Sung Kee
Bought by
Jones Bristol Parcel Llc
Current Estimated Value
Purchase Details
Listed on
Aug 12, 2020
Closed on
Aug 28, 2020
Sold by
Kim Chong Hwa
Bought by
Kim Sung Kee
Seller's Agent
Michael Shank
Compass
Buyer's Agent
Daniel Banuelos
Compass
List Price
$1,550,000
Sold Price
$1,460,000
Premium/Discount to List
-$90,000
-5.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.64%
Original Mortgage
$1,040,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 12, 2020
Closed on
Aug 21, 2020
Sold by
Meraz Salvador T
Bought by
Kim Sung Kee
Seller's Agent
Michael Shank
Compass
Buyer's Agent
Daniel Banuelos
Compass
List Price
$1,550,000
Sold Price
$1,460,000
Premium/Discount to List
-$90,000
-5.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 28, 2007
Sold by
Meraz Salvador H
Bought by
Meraz Salvador H
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 |
|---|---|---|---|
| Jones Bristol Parcel Llc | $3,279,000 | Ticor Title | |
| Kim Sung Kee | -- | California Title Company | |
| Kim Sung Kee | $1,460,000 | California Title Company | |
| Meraz Salvador H | -- | None Available | |
| Meraz Salvador H | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jones Bristol Parcel Llc | $240,801,785 | |
| Previous Owner | Kim Sung Kee | $1,090,000 | |
| Previous Owner | Kim Sung Kee | $1,090,000 | |
| Previous Owner | Kim Sung Kee | $1,040,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2020 09/01/20 | Sold | $1,460,000 | -5.8% | $532 / Sq Ft |
| 08/19/2020 08/19/20 | Pending | -- | -- | -- |
| 08/12/2020 08/12/20 | For Sale | $1,550,000 | -- | $565 / 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 | $37,248 | $3,411,471 | $3,279,329 | $132,142 |
| 2024 | $37,248 | $3,344,580 | $3,215,029 | $129,551 |
| 2023 | $17,833 | $1,518,984 | $1,401,983 | $117,001 |
| 2022 | $17,461 | $1,489,200 | $1,374,493 | $114,707 |
| 2021 | $17,036 | $1,460,000 | $1,347,542 | $112,458 |
| 2020 | $2,763 | $108,903 | $44,895 | $64,008 |
| 2019 | $2,691 | $106,768 | $44,015 | $62,753 |
| 2018 | $2,634 | $104,675 | $43,152 | $61,523 |
| 2017 | $2,719 | $102,623 | $42,306 | $60,317 |
| 2016 | $2,681 | $100,611 | $41,476 | $59,135 |
| 2015 | $2,655 | $99,100 | $40,853 | $58,247 |
| 2014 | $2,611 | $97,159 | $40,052 | $57,107 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Shank
-
Daniel Banuelos
Seller Co-Listing Agent in 2020
Daniel Banuelos
Compass
(714) 624-3145
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20161772
APN: 439-352-27
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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