NOT LISTED FOR SALE

2401 Clay St Newport Beach, CA 92663

Newport Heights Neighborhood

Estimated Value: $2,871,000 - $7,911,000

6 Beds
7.5 Baths
5,100 Sq Ft
$1,082/Sq Ft Est. Value

Last Sold April 01, 2013

Last sale price $2,200,000 $431 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $32,337/month

Highlights

  • Fireplace in Primary Bedroom
  • Wood Flooring
  • Eat-In Kitchen
  • Newport Heights Elementary Rated A
  • Family Room Off Kitchen
  • 5-minute walk to John Wayne Park

About This Home

As of May 2013

Elegance, class, and charm best describe this California Contemporary Home located on a sprawling corner lot. Located in the highly sought after neighborhood of Newport Heights, this large home features 7 oversized bedrooms, each with their own bath; Office/den, separate in-law/maid's quarters, huge XXL family room, Gourmet kitchen featuring Viking Stoves, Sub-Zero Refrigerator, Center Island, granite counters, recessed lighting and walnut flooring throughout. The great room boasts vaulted ceilings with a crackling fireplace and custom cabinetry built-ins. The Master suite has vaulted ceilings and walk-in closet. Enjoy outdoor living with built-in bbq and patio area. Centrally located between Newport Heights, Ensign Jr. and Newport Harbor High school. Simply one of the best homes available for location, size, and price.

Last Agent to Rent the Property

Wayne Smith

Corona Del Mar Properties Inc License #00922140 Listed on: 12/17/2012

Last Renter's Agent

Wayne Smith

Corona Del Mar Properties Inc License #00922140 Listed on: 12/17/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,493

Year Built

  • Built in 2003

Lot Details

  • 6,375

Parking

  • 3 Car Garage

Home Design

  • Shingle Roof
  • Partial Copper Plumbing

Interior Spaces

  • 5,100 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom

Additional Features

  • 6,375 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $8,500
  • Legal Lot and Block 13 / 27
  • Tax Tract Number 256
  • Assessor Parcel Number 04906410

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,493

Year Built

Built in 2003

Lot Details

0

Parking

3

Rental Info

  • Credit Check: Yes
  • Credit Check Paid By: Owner
  • Deposit Security: 8500
  • Furnished: Unfurnished
  • Pets Allowed: Call

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Newport Heights
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 04906410
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5100.00
  • Interior Amenities: Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 7
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 6
  • Eating Area: Area, Family Kitchen, Dining Room
  • Fireplace Features: Electric, Family Room, Living Room, Master Bedroom, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 1.47

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 6375.00
  • Lot Size Acres: 0.1460

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Month To Month
  • Lot Size Area: 6375.0000 Square Feet

Tax Info

  • Tax Block: 27
  • Tax Lot: 13
  • Tax Tract Number: 256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2024
Sold by
Cobb Maria A
Bought by
Cobb Kevin N
Current Estimated Value
$5,499,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Outstanding Balance
$212,581
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$5,253,111

Purchase Details

Closed on
Aug 25, 2021
Sold by
Cobb Kevin Nathan and Cobb Kevin N
Bought by
Cobb Kevin and Cobb Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2020
Sold by
Cobb Kevin
Bought by
Cobb Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2018
Sold by
Cobb Kevin N
Bought by
Cobb Kevin N and Cobb Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2018
Sold by
Cobb Maria A
Bought by
Cobb Kevin N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2017
Sold by
Cobb Kevin N
Bought by
Cobb Kevin N and Cobb Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
4.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2017
Sold by
Cobb Kevin and Cobb Maria A
Bought by
Cobb Kevin and Cobb Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,965,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 2, 2016
Sold by
Cobb Kevin
Bought by
Cobb Kevin and Cobb Living Trust

Purchase Details

Closed on
Nov 12, 2015
Sold by
2401 Clay Street Llc
Bought by
Cobb Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,960,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 9, 2013
Sold by
Park Center Exchange I Llc
Bought by
2401 Clay Street Llc

Purchase Details

Listed on
Nov 19, 2012
Closed on
Feb 26, 2013
Sold by
Chambers Wayne G and Chambers Marina L
Bought by
Park Center Exchange I Llc
Seller's Agent
Wayne Smith
Corona Del Mar Properties Inc
Buyer's Agent
Wayne Smith
Corona Del Mar Properties Inc
List Price
$2,350,000
Sold Price
$2,200,000
Premium/Discount to List
-$150,000
-6.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$1,713,227
Interest Rate
3.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 28, 2009
Sold by
Chambers Wayne G
Bought by
Chambers Wayne G and Chambers Marna L

Purchase Details

Closed on
Nov 2, 2007
Sold by
Chambers Marna
Bought by
Chambers Wayne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2004
Sold by
Chambers Wayne G
Bought by
Chambers Wayne G and Chambers Marna

Purchase Details

Closed on
Apr 30, 2003
Sold by
Chambers Marna L
Bought by
Chambers Wayne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
5.87%

Purchase Details

Closed on
Apr 25, 2003
Sold by
Chambers Wayne G and Chambers Marna L
Bought by
Chambers Wayne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
5.87%

Purchase Details

Closed on
Sep 17, 2002
Sold by
Chambers Wayne G
Bought by
Chambers Wayne G and Chambers Marna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
5.87%

Purchase Details

Closed on
Jan 31, 2002
Sold by
Chambers Wayne G
Bought by
Chambers Wayne G and Chambers Marna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 16, 1999
Sold by
Chambers Wayne and Chambers Marna L
Bought by
Chambers Wayne G and Chambers Marna L

Purchase Details

Closed on
Jul 25, 1998
Sold by
Shafer James L and Shafer Patricia A
Bought by
Chambers Wayne and Chambers Marna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.91%
Source: Public Records

Range of Values:

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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
Cobb Kevin N -- Pacific Coast Title
Cobb Kevin N -- Pacific Coast Title
Cobb Kevin -- Stewart Title Of Ca Inc
Cobb Kevin -- None Available
Cobb Kevin N -- None Available
Cobb Kevin N -- Stewart Title Of California
Cobb Kevin N -- Stewart Title Of California
Cobb Kevin N -- Stewart Title Of California
Cobb Kevin -- Accommodation
Cobb Kevin -- Title 365
Cobb Kevin -- None Available
Cobb Kevin -- Wfg Title Company
2401 Clay Street Llc -- Accommodation
Park Center Exchange I Llc $487,000 Orange Coast Title
Chambers Wayne G -- None Available
Chambers Wayne G -- Fidelity National Title Co
Chambers Wayne G -- Security Union Title
Chambers Wayne G -- --
Chambers Wayne G -- Orange Coast Title
Chambers Wayne G -- Fidelity National Title Co
Chambers Wayne G -- Fidelity National Title Co
Chambers Wayne G -- Fidelity National Title Co
Chambers Wayne G -- Fidelity National Title Co
Chambers Wayne G -- --
Chambers Wayne $475,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Kevin N $215,000
Previous Owner Cobb Kevin $3,000,000
Previous Owner Cobb Kevin N $375,000
Previous Owner Cobb Kevin N $225,000
Previous Owner Cobb Kevin N $85,000
Previous Owner Cobb Kevin $1,965,000
Previous Owner Cobb Kevin $1,960,000
Previous Owner Park Center Exchange I Llc $1,713,227
Previous Owner Park Center Exchange I Llc $336,773
Previous Owner Chambers Wayne G $315,000
Previous Owner Chambers Wayne G $1,500,000
Previous Owner Chambers Wayne G $200,000
Previous Owner Chambers Wayne G $1,500,000
Previous Owner Chambers Wayne G $250,000
Previous Owner Chambers Wayne G $890,000
Previous Owner Chambers Wayne G $775,000
Previous Owner Chambers Wayne G $110,000
Previous Owner Chambers Wayne G $650,000
Previous Owner Chambers Wayne $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2013 05/01/13 Rented $7,500 -99.7% --
04/05/2013 04/05/13 Under Contract -- -- --
04/01/2013 04/01/13 Sold $2,200,000 -2.2% $431 / Sq Ft
01/08/2013 01/08/13 Price Changed $2,250,000 0.0% $441 / Sq Ft
12/17/2012 12/17/12 For Rent $8,500 0.0% --
11/19/2012 11/19/12 For Sale $2,350,000 -- $461 / 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 $28,493 $2,723,955 $1,895,307 $828,648
2024 $28,493 $2,670,545 $1,858,145 $812,400
2023 $27,826 $2,618,182 $1,821,711 $796,471
2022 $27,366 $2,566,846 $1,785,992 $780,854
2021 $26,578 $2,491,516 $1,750,972 $740,544
2020 $26,323 $2,465,969 $1,733,018 $732,951
2019 $25,777 $2,417,617 $1,699,037 $718,580
2018 $25,263 $2,370,213 $1,665,722 $704,491
2017 $24,816 $2,323,739 $1,633,061 $690,678
2016 $27,531 $2,590,000 $1,898,614 $691,386
2015 $24,030 $2,243,956 $1,576,991 $666,965
2014 $23,464 $2,200,000 $1,546,099 $653,901
Source: Public Records

Agents Affiliated with this Home

  • Wayne Smith

    Landlord's Agent in 2013

    Wayne Smith

    Corona Del Mar Properties Inc

    (949) 300-2215

    51 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12004664

California Regional Multiple Listing Service (CRMLS)

APN: 049-064-10

California Orange County Newport Beach 92663 Newport Heights

2401 Clay St, Newport Beach, CA

This home is located at 2401 Clay St, Newport Beach, CA 92663 since 17 December 2012 and is currently priced at $5,515,694. This property was built in 2003. 2401 Clay St is a home located in Orange County with nearby schools including Newport Heights Elementary, Horace Ensign Intermediate School, and Newport Harbor High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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