NOT LISTED FOR SALE

2525 Ocean Blvd Unit B-2 Corona Del Mar, CA 92625

Corona Del Mar Neighborhood

Estimated Value: $3,214,342

2 Beds
2 Baths
1,232 Sq Ft
1963 Built

Highlights

  • Ocean Front
  • Boat Slip
  • Two Primary Bedrooms
  • Harbor View Elementary School Rated A
  • Saltwater Pool
  • 4-minute walk to Lookout Point

About This Home

As of June 2020

The iconic and irreplaceable Channel reef condominium – a landmark property poised just inside the breakwater of Newport Harbor. This two-bedroom, two-bath, coveted single level corner location, is situated on the second floor of the building. The condo has been recently upgraded with newer closets, lighting, kitchen, and en-suite bathrooms. Relax on one of the two outside patios where you will be surrounded by panoramic harbor and ocean views, observe the waves breaking at the famous Wedge, breath in the sea air, and revel in the remarkable sunsets.Channel Reef residents enjoy a secure gated entry, on-site property management, designated parking in the structure, guest parking on the rooftop, year round harbor side heated saltwater pool/ spa and private docks (based on availability).

Last Agent to Rent the Property

Renee West

Compass License #01181153 Listed on: 06/01/2020

Compass

Last Renter's Agent

Renee West

Compass License #01181153 Listed on: 06/01/2020

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,330

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • Ocean Front
  • Home fronts a seawall
  • Property Fronts a Bay or Harbor
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 1 Car Garage
  • Parking Available
  • Guest Parking
  • Assigned Parking
  • Community Parking Structure

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • Panoramic
  • City Lights
  • Pool

Home Design

  • Midcentury Modern Architecture
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,232 Sq Ft Home
  • Built-In Features
  • Bay Window
  • Family Room Off Kitchen

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Granite Countertops
  • Ceramic Countertops
  • Pots and Pans Drawers

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Double Master Bedroom
  • 2 Full Bathrooms
  • Makeup or Vanity Space
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Home Security

Accessible Home Design

  • No Interior Steps

Pool

  • Saltwater Pool
  • Spa

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Pier
  • Boat Slip
  • Ocean Side of Highway 1
  • Balcony
  • Deck
  • Open Patio
  • Exterior Lighting
  • Wrap Around Porch

Utilities

  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $6,000
  • Rent includes association dues, cable TV, gardener, pool, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 7/5/20
  • Tax Lot 1
  • Tax Tract Number 261
  • Assessor Parcel Number 89525008

Community Details

Overview

  • Property has a Home Owners Association
  • $12,000 HOA Transfer Fee
  • 48 Units
  • Channel Reef Subdivision
  • 6-Story Property

Amenities

  • Community Barbecue Grill

Recreation

  • Community Pool
  • Community Spa
  • Dog Park
  • Water Sports
  • Bike Trail

Security

  • Card or Code Access
  • Carbon Monoxide Detectors

Condo Details

Home Type

Condominium

Est. Annual Taxes

$16,330

Year Built

Built in 1963 | Remodeled

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2020-07-05
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Key: 35
  • Deposit Security: 6000
  • Furnished: Unfurnished
  • Transfer Fees: 12000.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Card/Code Access
  • Subdivision Name Other: Channel Reef (CREF)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 89525008
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1232.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceramic Counters, Elevator
  • Stories: 6
  • Common Walls: 2+ Common Walls
  • Accessibility Features: No Interior Steps
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 4.87
  • Room Type: All Bedrooms Down, Two Masters
  • Spa Features: Association, Community
  • Window Features: Bay Window(s)
  • Bathroom Features: Exhaust Fan(s), Linen Closet/Storage, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Concrete Perimeter
  • Exterior Features: Boat Slip, Pier
  • View: Bay, Catalina, City Lights, Coastline, Harbor, Marina, Ocean, Panoramic, Pool, Water, White Water
  • Patio And Porch Features: Deck, Patio Open, Wrap Around
  • Pool Features: Association, Community, Heated, Salt Water
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Guest, Structure
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Radiant
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Watersports, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Number Of Units In Community: 48
  • Number Of Units Total: 48
  • Rent Includes: Association Dues, Cable TV, Gardener, Pool, Sewer, Trash Collection, Water
  • Waterfront Features: Bay Front, Beach Access, Ocean Access, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1, Seawall

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 1
  • Tax Tract Number: 261-10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2020
Sold by
Michelson Ronald C and Michelson Mary P
Bought by
Michelson Ronald C and Michelson Mary P
Current Estimated Value
$3,214,342

Purchase Details

Closed on
May 26, 2009
Sold by
Milner Judy
Bought by
Michelson Ronald C and Michelson Mary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2003
Sold by
Andreae Janet
Bought by
Andreae Janet J

Purchase Details

Closed on
Jun 26, 2002
Sold by
Jennings Mildred
Bought by
Jennings Mildred

Purchase Details

Closed on
Jan 16, 2002
Sold by
Jennings Mildred
Bought by
Andreae Janet

Purchase Details

Closed on
Jul 10, 2001
Sold by
Jennings Mildred
Bought by
Jennings Mildred

Purchase Details

Closed on
Oct 27, 1999
Sold by
Leon Jennings
Bought by
Jennings Edward and Jennings Sallie

Purchase Details

Closed on
Dec 23, 1998
Sold by
Edward Jennings Leon
Bought by
Jennings Leon Edward and Greger Phil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.91%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 28, 1998
Sold by
Anne Jennings Janet
Bought by
Jennings Leon Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.91%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 21, 1996
Sold by
Jennings Leon Edward and Greger Judith Louise
Bought by
Jennings Leon Edward and Greger Phil

Purchase Details

Closed on
Oct 17, 1996
Sold by
Anne Jennings Janet
Bought by
Jennings Leon Edward and Greger Judith Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Michelson Ronald C -- None Available
Michelson Ronald C $1,200,000 North American Title
Andreae Janet J -- --
Andreae Janet -- --
Jennings Mildred -- --
Andreae Janet -- --
Jennings Mildred -- First American Title Co
Jennings Mildred -- First American Title Co
Jennings Edward -- First American Title Co
Jennings Edward -- --
Jennings Leon Edward -- --
Jennings Leon Edward -- Chicago Title Co
Jennings Leon Edward -- Chicago Title Co
Jennings Leon Edward -- --
Jennings Leon Edward -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Michelson Ronald C $400,000
Previous Owner Jennings Leon Edward $160,000
Previous Owner Jennings Leon Edward $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2020 06/03/20 Rented $6,000 0.0% --
06/02/2020 06/02/20 Under Contract -- -- --
06/01/2020 06/01/20 For Rent $6,000 -- --
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 $16,330 $1,545,310 $1,268,303 $277,007
2024 $16,330 $1,515,010 $1,243,434 $271,576
2023 $15,946 $1,485,304 $1,219,053 $266,251
2022 $15,680 $1,456,181 $1,195,150 $261,031
2021 $15,380 $1,427,629 $1,171,716 $255,913
2020 $15,233 $1,412,991 $1,159,702 $253,289
2019 $14,920 $1,385,286 $1,136,963 $248,323
2018 $14,623 $1,358,124 $1,114,670 $243,454
2017 $14,366 $1,331,495 $1,092,814 $238,681
2016 $14,044 $1,305,388 $1,071,387 $234,001
2015 $13,911 $1,285,780 $1,055,293 $230,487
2014 $13,584 $1,260,594 $1,034,621 $225,973
Source: Public Records

Agents Affiliated with this Home

  • R

    Landlord's Agent in 2020

    Renee West

    Compass

    (714) 914-9060

    1 in this area

    3 Total Sales

    Renee West
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20098890

California Regional Multiple Listing Service (CRMLS)

APN: 895-250-08

California Orange County Newport Beach 92625 Corona Del Mar

2525 Ocean Blvd Unit B-2, Newport Beach, CA

This home is located at 2525 Ocean Blvd Unit B-2, Corona Del Mar, CA 92625 since 01 June 2020 and is currently priced at $3,214,342. This property was built in 1963. 2525 Ocean Blvd Unit B-2 is a home located in Orange County with nearby schools including Harbor View Elementary School, Corona del Mar Middle and High School, and Harbor Day School.

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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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