$1,020,000
SOLD NOV 25, 2015
3 Beds
3 Baths
1,427 Sq Ft
0.45 Acres

Recently Sold

$715 Per Sq Ft

21% Below List Price

465 Days on Market

Highlights

  • Home fronts a creek
  • 0.45 Acre Lot
  • Formal Dining Room
  • Heinz Kaiser Elementary School Rated A
  • No HOA
  • 1 Car Attached Garage

About This Home

As of February 2021

Magnificent double lot situated in a "PRIME" location of Newport Beach. Perfect opportunity to build your custom dream home, or renovate existing fixer upper. Boasting 19,798 square feet, these spacious R1 lots, allow for a luxurious single family residence. Just walking distance from the Newport back bay, and conveniently located close to shopping, John Wayne Airport, and the beach. Seller has performed a significant amount of due diligence to get you started. Topographic map can be viewed by clicking on the link above.

Last Agent to Sell the Property

JAMES BOYD

PROBATE-REALTORS.COM License #01160377 Listed on: 03/10/2015

Last Buyer's Agent

Afrouz Mehr-Azarin

Avesta Realty License #01324932

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,755

Year Built

  • Built in 1959

Lot Details

  • 0.45 Acre Lot
  • Home fronts a creek
  • Rectangular Lot
  • Gentle Sloping Lot

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,427 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Formal Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Exterior Lighting
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3062
  • Assessor Parcel Number 43923217

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,755

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Inclusions: Two parcels and SFR. Parcel numbers are: 439-232-03, and 439-232-17.
  • Other Phone Description: James Boyd
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 43923217
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1427.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Separated
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 714.79
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Gentle Sloping, Rectangular Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19798.00
  • Price Per Lot Square Foot: 51.52
  • Lot Size Acres: 0.4540

Multi Family

  • Lease Considered: No
  • Lot Size Area: 19798.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Creek

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 3062

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Feb 8, 2021
Sold by
Mardaresco Gil
Bought by
Mardaresco Stephanie
Seller's Agent
MInh Nguyen
IN GROUP REALTY & INVESTMENT
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$2,500,000
Sold Price
$2,500,000
Current Estimated Value
$4,107,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,607,879
Avg. Annual Appreciation
12.75%
Original Mortgage
$2,000,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2020
Closed on
Feb 5, 2021
Sold by
Bazarchi Nasser and Sahihi Maryam
Bought by
Mardaresco Stephanie
Seller's Agent
MInh Nguyen
IN GROUP REALTY & INVESTMENT
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2019
Sold by
Bazarchi Nasser and Sahihi Maryam
Bought by
Bazarchi Nasser and Sahihi Maryam

Purchase Details

Listed on
Mar 10, 2015
Closed on
Oct 13, 2015
Sold by
Black David
Bought by
Bazarchi Nasser and Sahihi Maryam
Seller's Agent
JAMES BOYD
PROBATE-REALTORS.COM
Buyer's Agent
Afrouz Mehr-Azarin
Avesta Realty
List Price
$1,299,000
Sold Price
$1,020,000
Premium/Discount to List
-$279,000
-21.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.96%
Original Mortgage
$612,000
Interest Rate
3.76%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Provident Title Company
Grant Deed $2,500,000 Provident Title
Interfamily Deed Transfer -- Accommodation
Grant Deed $1,020,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Open $2,124,000 New Conventional
Closed $2,000,000 New Conventional
Previous Owner $850,000 New Conventional
Previous Owner $200,000 Unknown
Previous Owner $0 No Value Available
Previous Owner $612,000 New Conventional
Previous Owner $4,025,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $2,500,000 0.0% $623 / Sq Ft
11/06/2020 11/06/20 For Sale $2,500,000 +145.1% $623 / Sq Ft
11/25/2015 11/25/15 Sold $1,020,000 0.0% $715 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
09/17/2015 09/17/15 Price Changed $1,020,000 -7.2% $715 / Sq Ft
02/13/2015 02/13/15 Price Changed $1,099,000 -4.4% $770 / Sq Ft
01/26/2015 01/26/15 Price Changed $1,149,000 -2.1% $805 / Sq Ft
01/10/2015 01/10/15 Price Changed $1,174,000 +2.2% $823 / Sq Ft
01/07/2015 01/07/15 Price Changed $1,149,000 -4.2% $805 / Sq Ft
11/25/2014 11/25/14 Price Changed $1,199,000 -1.7% $840 / Sq Ft
10/22/2014 10/22/14 Price Changed $1,220,000 -0.4% $855 / Sq Ft
08/29/2014 08/29/14 Price Changed $1,225,000 -1.9% $858 / Sq Ft
07/28/2014 07/28/14 Price Changed $1,249,000 -3.8% $875 / Sq Ft
06/27/2014 06/27/14 For Sale $1,299,000 -- $910 / 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
2024 $28,755 $2,653,020 $1,594,165 $1,058,855
2023 $28,052 $2,601,000 $1,562,906 $1,038,094
2022 $27,561 $2,550,000 $1,532,260 $1,017,740
2021 $35,525 $1,899,871 $1,037,129 $862,742
2020 $20,489 $1,880,391 $1,026,495 $853,896
2019 $14,674 $1,331,510 $603,513 $727,997
2018 $9,649 $855,144 $591,680 $263,464
2017 $6,760 $580,079 $580,079 $0
2016 $7,373 $640,381 $568,705 $71,676
2015 $1,296 $68,723 $33,164 $35,559
2014 $1,271 $67,377 $32,514 $34,863
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14135776

California Regional Multiple Listing Service (CRMLS)

APN: 439-232-44