Joshua Coburn
Chamberlain Real Estate
(858) 251-9237
50 Total Sales
1 in Central Newport Beach
$5,900,000 Price
219 E Bay Ave Newport Beach, CA 92661
Central Newport Beach Neighborhood
5
Beds
3
Baths
2,225
Sq Ft
2,614
Sq Ft Lot
Highlights
- Ocean View
- Property has ocean access
- Primary Bedroom Suite
- Newport Elementary School Rated A
- Fishing
- Dual Staircase
About This Home
As of November 2024Beach Duplex with transferrable SHORT-TERM RENTAL LICENSES for both units, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties, and for the updated ADU - Accessory Dwelling Unit guidelines. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, parking in the enclosed garage, overhead storage space in garage, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and outdoor patios. 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing, beach walks and leisurely days. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. Your new home will have all of the advantages of beach living in one of the world's most sought-after locations! (Note that the short-term rental licenses are for 7 occupants in the 3-Bedroom/upstairs unit, and 5 occupants in the 2-Bedroom/downstairs unit, for a total of 12 occupants.)
Last Agent to Sell the Property
Universal Preferred Properties Brokerage Phone: 714-457-3849 License #00889942 Listed on: 03/11/2024
Last Buyer's Agent
NONE NONE
None MRML License #N/A
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 2,614 Sq Ft Lot
- No Common Walls
- Block Wall Fence
- Corner Lot
Parking
- 2 Car Direct Access Garage
- Parking Available
- Two Garage Doors
- Garage Door Opener
- Off-Street Parking
Property Views
- Ocean
- Harbor
Home Design
- Duplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Slab Foundation
- Fire Rated Drywall
- Stucco
Interior Spaces
- 2,225 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Beamed Ceilings
- Cathedral Ceiling
- Fireplace Features Masonry
- Family Room with Fireplace
- Living Room with Attached Deck
Kitchen
- Gas Oven
- Electric Range
- Range Hood
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Primary Bedroom Suite
- 3 Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Beach Access
- Balcony
- Exterior Lighting
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Legal Lot and Block 11 / 4
- Tax Tract Number 510
- Assessor Parcel Number 04809110
- $528 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Balboa Peninsula Subdivision
Amenities
- Laundry Facilities
Recreation
- Fishing
- Water Sports
- Bike Trail
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 11, 2024
Closed on
Oct 17, 2024
Sold by
Bought by
Seller's Agent
Kathy Abbott
Universal Preferred Properties
Buyer's Agent
NONE NONE
None MRML
List Price
$3,495,000
Sold Price
$3,090,000
Premium/Discount to List
-$405,000
-11.59%
Views
76
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,090,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 20, 1998
Sold by
Bought by
Purchase Details
Closed on
Dec 17, 1997
Sold by
Bought by
Purchase Details
Closed on
Sep 17, 1996
Sold by
Bought by
Purchase Details
Closed on
Sep 6, 1996
Sold by
Bought by
Purchase Details
Closed on
Dec 11, 1995
Sold by
Bought by
Purchase Details
Closed on
Nov 10, 1995
Sold by
Bought by
Purchase Details
Closed on
Jan 18, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Newport Beach, CA
-
Joshua Coburn
-
Frederick Espino
Frederick Espino
SoCal Realty Group
(657) 567-4312
9 Total Sales
2 in Central Newport Beach
$3,200,000 Price Range
-
Drew D'Angelo
Drew D'Angelo
Kase Real Estate
(949) 867-6319
75 Total Sales
1 in Central Newport Beach
$7,600,000 Price
-
Selene Hanna
Selene Hanna
Alt Financial Network Inc
(657) 300-4351
43 Total Sales
2 in Central Newport Beach
$6,000,000 Price Range
-
Paul Daftarian
Paul Daftarian
Luxe Real Estate
(657) 385-8384
246 Total Sales
3 in Central Newport Beach
$2.9M - $5.7M Price Range
-
Drew Teicheira
Drew Teicheira
Harcourts Place
(877) 672-0775
90 Total Sales
1 in Central Newport Beach
$2,550,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,090,000 | First American Title | ||
| $505,000 | Old Republic Title Company | ||
| -- | Old Republic Title Company | ||
| -- | North American Title Co | ||
| -- | North American Title Co | ||
| -- | North American Title Co | ||
| -- | -- | ||
| -- | Fidelity National Title Ins | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $500,000 | ||
| Open | $2,100,000 | ||
| Closed | $2,090,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2024 11/22/24 | Sold | $3,090,000 | -11.6% | $1,389 / Sq Ft |
| 10/12/2024 10/12/24 | Pending | -- | -- | -- |
| 09/13/2024 09/13/24 | For Sale | $3,495,000 | +13.1% | $1,571 / Sq Ft |
| 09/07/2024 09/07/24 | Off Market | $3,090,000 | -- | -- |
| 05/26/2024 05/26/24 | Price Changed | $3,750,000 | -5.1% | $1,685 / Sq Ft |
| 03/11/2024 03/11/24 | For Sale | $3,950,000 | -- | $1,775 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $32,940 | $3,153,683 | $3,030,552 | $123,131 |
| 2025 | $32,940 | $3,090,000 | $2,971,130 | $118,870 |
| 2024 | $8,865 | $790,543 | $678,231 | $112,312 |
| 2023 | $8,653 | $775,043 | $664,933 | $110,110 |
| 2022 | $9,344 | $759,847 | $651,896 | $107,951 |
| 2021 | $9,422 | $744,949 | $639,114 | $105,835 |
| 2020 | $9,338 | $737,311 | $632,561 | $104,750 |
| 2019 | $9,208 | $722,854 | $620,157 | $102,697 |
| 2018 | $9,176 | $708,681 | $607,997 | $100,684 |
| 2017 | $9,027 | $694,786 | $596,076 | $98,710 |
| 2016 | $8,847 | $681,163 | $584,388 | $96,775 |
| 2015 | $8,804 | $670,932 | $575,610 | $95,322 |
| 2014 | -- | $657,790 | $564,335 | $93,455 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Abbott
Seller's Agent in 2024
Kathy Abbott
Universal Preferred Properties
(949) 677-6577
1 in this area
1 Total Sale
-
NN
Buyer's Agent in 2024
NONE NONE
None MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24048345
APN: 048-091-10
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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