Seller's Agent in 2024
Chase Behr
Arbor Real Estate
(949) 838-6416
14 Total Sales
240 Nice Ln Unit 208 Newport Beach, CA 92663
Estimated Value: $1,304,000 - $1,465,000
2
Beds
2
Baths
1,609
Sq Ft
$932/mo
HOA Fee
Highlights
- Ocean View
- Fitness Center
- Heated Spa
- Newport Heights Elementary Rated A
- 24-Hour Security
- Gated Parking
About This Home
As of July 2024Experience coastal living at its finest in this stunning two-bedroom, two-bathroom condo located in the resort-style gated community of Villa Balboa. Situated atop a hill, each room offers breathtaking ocean views, providing a serene backdrop for everyday living. Enjoy spectacular ocean vistas and views of the Newport Pier from the comfort of your own home. Luxury amenities within the gated community include two pools and spas, tennis and pickleball courts, gym, and central clubhouse. HOA dues cover gas, water, waste, and more. The property features a spacious primary bedroom with a walk-in closet and double vanity in the bathroom. Also accompanying the property is in-unit laundry, a cozy fireplace, air conditioning, and an assigned parking spot for up to two cars tandem style in the gated subterranean parking garage. Immerse yourself in the quintessential Newport Beach lifestyle with easy access to the Newport Beach Peninsula for summer fun. Explore nearby attractions including 17th Street, Balboa Island, Fashion Island, Lido Marina Village, Sunset Ridge Park, and a myriad of renowned restaurants. Whether you're strolling along the shoreline or indulging in local cuisine, this coastal dream living awaits you in Villa Balboa.
Last Agent to Sell the Property
Arbor Real Estate Brokerage Phone: 949-838-6416 License #02120487 Listed on: 05/02/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,850
Year Built
- Built in 1979
Lot Details
- Property fronts a private road
- Two or More Common Walls
- Landscaped
HOA Fees
- $932 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Storage or Cabinetry
- Parking Available
- Garage Door Opener
- Gated Parking
- Parking Lot
- Community Parking Structure
Property Views
- Ocean
- Views of a pier
- Woods
- Park or Greenbelt
- Pool
- Neighborhood
Home Design
- Entry on the 1st floor
- Cosmetic Repairs Needed
Interior Spaces
- 1,609 Sq Ft Home
- 1-Story Property
- Built-In Features
- Recessed Lighting
- Gas Fireplace
- Blinds
- Window Screens
- Entrance Foyer
- Living Room with Fireplace
- Dining Room
Kitchen
- Breakfast Bar
- Gas Oven
- Built-In Range
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Bathtub with Shower
- Walk-in Shower
- Closet In Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
Pool
- Heated Spa
- In Ground Spa
Outdoor Features
- Living Room Balcony
- Exterior Lighting
- Outdoor Storage
Location
- Property is near a park
Schools
- Newport Heights Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 8336
- Assessor Parcel Number 93077474
- $375 per year additional tax assessments
Community Details
Overview
- Master Insurance
- 445 Units
- Villa Balboa Association, Phone Number (949) 450-0202
- Action Property Management HOA
- Villa Balboa Subdivision
- Maintained Community
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Picnic Area
- Clubhouse
- Meeting Room
Recreation
- Tennis Courts
- Pickleball Courts
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Breed Restrictions
Security
- 24-Hour Security
- Resident Manager or Management On Site
- Controlled Access
- Gated Community
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Jun 11, 2024
Sold by
Rust Kathleen Elise
Bought by
Peter J Madigan Trust and Madigan
Seller's Agent
Chase Behr
Arbor Real Estate
Buyer's Agent
Sharon Paxson
Coldwell Banker Realty
List Price
$1,495,000
Sold Price
$1,325,000
Premium/Discount to List
-$170,000
-11.37%
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,221
Avg. Annual Appreciation
4.61%
Purchase Details
Closed on
Jul 26, 2005
Sold by
Houser Donald Edward and Houser Carol Louise
Bought by
Rust Kathleen Elise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 20, 2001
Sold by
Houser Donald Edward and Houser Carol Louise
Bought by
Houser Donald Edward and Houser Carol Louise
Purchase Details
Closed on
Mar 2, 2001
Sold by
Charles Murphy Diane
Bought by
Houser Donald Edward and Houser Carol Louise
Purchase Details
Closed on
Nov 18, 2000
Sold by
Charles Murphy Diane
Bought by
Charles Murphy Diane and Diane Charles Murphy Revocable Trust
Purchase Details
Closed on
Jan 29, 1997
Sold by
Murphy Mark R and Murphy Charles Diane
Bought by
Murphy Mark R and Charles Murphy Diane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.66%
Mortgage Type
Balloon
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 |
|---|---|---|---|
| Peter J Madigan Trust | $1,325,000 | Wfg National Title | |
| Rust Kathleen Elise | $813,000 | Equity Title Company | |
| Houser Donald Edward | -- | -- | |
| Houser Donald Edward | $395,000 | United Title Company | |
| Charles Murphy Diane | -- | -- | |
| Murphy Mark R | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rust Kathleen Elise | $650,000 | |
| Previous Owner | Murphy Mark R | $208,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/01/2024 07/01/24 | Sold | $1,325,000 | -5.0% | $823 / Sq Ft |
| 06/10/2024 06/10/24 | Pending | -- | -- | -- |
| 05/15/2024 05/15/24 | Price Changed | $1,395,000 | -6.7% | $867 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $1,495,000 | 0.0% | $929 / Sq Ft |
| 11/30/2017 11/30/17 | Rented | $3,000 | 0.0% | -- |
| 11/20/2017 11/20/17 | Price Changed | $3,000 | -3.2% | $2 / Sq Ft |
| 11/01/2017 11/01/17 | Price Changed | $3,100 | -8.8% | $2 / Sq Ft |
| 10/18/2017 10/18/17 | Price Changed | $3,400 | -2.9% | $2 / Sq Ft |
| 09/26/2017 09/26/17 | Price Changed | $3,500 | -6.7% | $2 / Sq Ft |
| 08/16/2017 08/16/17 | For Rent | $3,750 | +33.9% | -- |
| 03/01/2015 03/01/15 | Rented | $2,800 | 0.0% | -- |
| 03/01/2015 03/01/15 | For Rent | $2,800 | +5.7% | -- |
| 03/29/2013 03/29/13 | Rented | $2,650 | -1.9% | -- |
| 03/24/2013 03/24/13 | Under Contract | -- | -- | -- |
| 02/09/2013 02/09/13 | For Rent | $2,700 | -- | -- |
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 | $11,850 | $1,325,000 | $1,066,341 | $258,659 |
| 2024 | $11,850 | $1,089,240 | $854,097 | $235,143 |
| 2023 | $11,570 | $1,067,883 | $837,350 | $230,533 |
| 2022 | $11,376 | $1,046,945 | $820,932 | $226,013 |
| 2021 | $11,159 | $1,026,417 | $804,835 | $221,582 |
| 2020 | $9,591 | $877,200 | $695,032 | $182,168 |
| 2019 | $9,397 | $860,000 | $681,403 | $178,597 |
| 2018 | $9,389 | $860,000 | $681,403 | $178,597 |
| 2017 | $9,402 | $860,000 | $681,403 | $178,597 |
| 2016 | $7,942 | $724,000 | $545,403 | $178,597 |
| 2015 | $7,158 | $646,000 | $467,403 | $178,597 |
| 2014 | $6,545 | $591,000 | $412,403 | $178,597 |
Source: Public Records
Agents Affiliated with this Home
-
Chase Behr
-
Sharon Paxson
Buyer's Agent in 2024
Sharon Paxson
Coldwell Banker Realty
(949) 280-0681
7 Total Sales
-
Josef Szigeti
Seller's Agent in 2017
Josef Szigeti
Douglas Elliman Of California
(949) 270-0449
48 Total Sales
-
A
Buyer's Agent in 2015
Allison Baillie
Compass Newport Beach
-
L
Buyer's Agent in 2013
Laura Sims
Luxre Realty, Inc.
-
L
Buyer's Agent in 2013
Lauren Sims
Greene Dream Homes & R.E. Inv.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24082442
APN: 930-774-74
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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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