NOT LISTED FOR SALE

240 Nice Ln Unit 211 Newport Beach, CA 92663

Estimated Value: $1,060,000 - $1,274,697

2 Beds
1 Bath
1,136 Sq Ft
1979 Built

Last Sold April 18, 2023

Last sale price $1,167,500 $1,028 Per Sq Ft

Current estimated payment $7,199/month

Highlights

  • Ocean View
  • Spa
  • Main Floor Bedroom
  • Newport Heights Elementary Rated A
  • Gated Community
  • Bathtub

About This Home

As of August 2023

Price Enhancement for immediate move-in! Welcome to Luxurious Villa Balboa - an esteemed, gated community that overlooks the stunning Balboa Peninsula. You'll love living in this impeccably maintained property, complete with tasteful upgrades and breathtaking views of the ocean, pool, and lush greenbelt. As you step into this newly upgraded Southwest-facing condo, you'll be greeted by a bright and airy living room that features an oversized fireplace, and an adjacent dining area - perfect for both relaxation and entertaining. This resort-style living is just moments away from the beach and offers easy access to the area's top-rated restaurants and attractions. The condo itself is a spacious ocean-view paradise that has been recently remodeled to include 2 oversized bedrooms and 1 spacious bathroom, with luxurious touches like recessed lighting, crown molding, and cedar oak laminate flooring. The kitchen has been remodeled with quartz countertops and stainless-steel appliances and is complete with a convenient breakfast bar. You'll love spending time on the oversized balcony (complete with storage closets), where you can soak in the serene ocean views. The unit also includes 2 assigned covered parking spaces in the underground garage. This peaceful, gated community offers access to a spacious clubhouse, two pools and spas, tennis courts, and a community fitness center. You'll also be just a short walk away from Sunset Ridge Park and steps from the beach - ideal for leisurely sunrise and sunset walks. Don't miss this incredible opportunity to lease and live the Newport Beach lifestyle. Gas, water & trash included! Unfurnished-property is staged.

Last Agent to Rent the Property

Billy Rosenberg

Billy Rosenberg, Broker License #01995754 Listed on: 05/03/2023

Last Renter's Agent

Wonsook Kang

Uniti Realty License #02122077

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,919

Year Built

  • Built in 1979

Lot Details

  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Community Parking Structure

Property Views

  • Ocean
  • Panoramic
  • City Lights

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,136 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Living Room with Fireplace
  • Living Room Balcony

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $5,995
  • Rent includes association dues, gas, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 5/5/23
  • Tax Lot 14
  • Tax Tract Number 8336
  • Assessor Parcel Number 93077477

Community Details

Overview

  • Property has a Home Owners Association
  • 445 Units
  • Villa Balboa Subdivision

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit $1,000
  • Breed Restrictions

Security

  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$12,919

Year Built

Built in 1979

Lot Details

0

Parking

2

Rental Info

  • Additional Rent For Pets: Yes
  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2023-05-05
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 1000
  • Deposit Security: 5995
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Call, Number Limit, Size Limit, Yes
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • Security: Gated Community
  • Subdivision Name Other: Villa Balboa (VBAL)
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 93077477
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1136.00 Square Feet
  • Interior Amenities: Living Room Balcony, Recessed Lighting, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 4.14
  • Room Type: All Bedrooms Down, Main Floor Bedroom
  • Spa Features: Association
  • Bathroom Features: Bathtub

Exterior Features

  • View: City Lights, Ocean, Panoramic
  • Pool Features: Association
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Community Structure
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months, 24 Months
  • Number Of Units In Community: 445
  • Number Of Units Total: 445
  • Rent Includes: Association Dues, Gas, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 636.03
  • Tax Lot: 14
  • Tax Tract Number: 8336

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2023
Closed on
May 3, 2023
Sold by
Ishaq Asma
Bought by
Al Holdings Ca Llc
Seller's Agent
Josef Szigeti
Douglas Elliman Of California
Buyer's Agent
Chris Moreno
Surterre Properties Inc.
List Price
$1,199,750
Sold Price
$1,167,500
Premium/Discount to List
-$32,250
-2.69%
Views
114
Current Estimated Value
$1,169,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,174
Avg. Annual Appreciation
0.07%

Purchase Details

Listed on
Feb 17, 2023
Closed on
Apr 9, 2023
Sold by
Lindholm Krystle
Bought by
Ishaq Asma
Seller's Agent
Josef Szigeti
Douglas Elliman Of California
Buyer's Agent
Chris Moreno
Surterre Properties Inc.
List Price
$1,199,750
Sold Price
$1,167,500
Premium/Discount to List
-$32,250
-2.69%
Views
114

Purchase Details

Listed on
Jul 29, 2022
Closed on
Aug 31, 2022
Sold by
Louria Family Trust
Bought by
Lindholm Krystle
Seller's Agent
Josef Szigeti
Douglas Elliman Of California
Buyer's Agent
Josef Szigeti
Douglas Elliman Of California
List Price
$1,075,000
Sold Price
$915,000
Premium/Discount to List
-$160,000
-14.88%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.11%

Purchase Details

Closed on
May 21, 2003
Sold by
Louria Henry W
Bought by
Louria Henry W and Louria Family Trust
Source: Public Records

Range of Values:

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Average Value
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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
Al Holdings Ca Llc -- None Listed On Document
Ishaq Asma $1,167,500 Fidelity National Title
Lindholm Krystle $915,000 --
Louria Henry W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2023 08/05/23 Rented $4,700 +2.3% --
07/18/2023 07/18/23 Under Contract -- -- --
06/28/2023 06/28/23 Price Changed $4,595 -8.0% $4 / Sq Ft
05/31/2023 05/31/23 Price Changed $4,995 -10.7% $4 / Sq Ft
05/15/2023 05/15/23 Price Changed $5,595 -6.7% $5 / Sq Ft
05/03/2023 05/03/23 For Rent $5,995 0.0% --
04/18/2023 04/18/23 Sold $1,167,500 -2.7% $1,028 / Sq Ft View Prior Sale
02/17/2023 02/17/23 For Sale $1,199,750 +31.1% $1,056 / Sq Ft
09/09/2022 09/09/22 Sold $915,000 -14.9% $805 / Sq Ft View Prior Sale
07/29/2022 07/29/22 For Sale $1,075,000 -- $946 / 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 $12,919 $1,214,667 $1,021,195 $193,472
2024 $12,919 $1,190,850 $1,001,171 $189,679
2023 $9,967 $915,000 $700,000 $215,000
2022 $4,010 $353,658 $210,274 $143,384
2021 $3,934 $346,724 $206,151 $140,573
2020 $3,895 $343,169 $204,037 $139,132
2019 $3,819 $336,441 $200,037 $136,404
2018 $3,744 $329,845 $196,115 $133,730
2017 $3,678 $323,378 $192,270 $131,108
2016 $3,597 $317,038 $188,500 $128,538
2015 $3,561 $312,276 $185,668 $126,608
2014 $3,476 $306,159 $182,031 $124,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23074452

California Regional Multiple Listing Service (CRMLS)

APN: 930-774-77