NOT LISTED FOR SALE

Estimated Value: $2,989,587 - $3,611,000

2 Beds
2 Baths
1,136 Sq Ft
$650/mo HOA Fee

Last Sold January 25, 2019

Last sale price $2,050,000 $1,805 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $21,296/month

7 Days on Market

Highlights

  • White Water Ocean Views
  • Private Dock Site
  • Heated In Ground Pool
  • Harbor View Elementary School Rated A
  • Boat Slip
  • 4-minute walk to Lookout Point

About This Home

As of January 2019

Phenomenal views from this Channel Reef condo! Catalina, ocean, harbor, channel and pool views from this 4th floor condo just one unit from the end. Views from the balcony, living room or master bedroom include boating activity in the channel, waves at the Wedge, the Christmas boat parade, that turns right in front, amazing sunsets with quiet night time activities. The home has been updated with granite kitchen counters, built in bookcases and cabinets and a decorative electric fireplace, fresh paint and newer carpet. Assigned garage parking space is on the same level, with a storage bin overhead. An additional locked storage closet is for additonal personal items. Walk to Big Corona, Pirates Cove and Little Corona beaches. Enjoy the shops and restaurants of CDM village or venture to Newport Center or Balboa Island for additional fine dining and shopping.

Last Agent to Sell the Property

Sue Young

Compass License #01087631 Listed on: 01/04/2019

Compass

Last Buyer's Agent

Ilene Wallach

Real Brokerage Technologies, Inc License #01399028

Real Brokerage Technologies, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,979

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • Home fronts a canal
  • Two or More Common Walls
  • Security Fence
  • Landscaped
  • Lot Sloped Down

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway Down Slope From Street
  • Parking Lot
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Harbor
  • Catalina

Home Design

  • Midcentury Modern Architecture
  • Fire Rated Drywall
  • Asphalt Roof
  • Steel Beams
  • Pre-Cast Concrete Construction
  • Plaster

Interior Spaces

  • 1,136 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Recessed Lighting
  • Decorative Fireplace
  • Electric Fireplace
  • Roller Shields
  • Blinds
  • Window Screens
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Combination Dining and Living Room
  • Storage
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Mirrored Closets Doors
  • 2 Full Bathrooms
  • Corian Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Home Security

Accessible Home Design

  • No Interior Steps

Pool

  • Heated In Ground Pool
  • In Ground Spa
  • Saltwater Pool

Outdoor Features

  • Boat Slip
  • Private Dock Site
  • Ocean Side of Highway 1
  • Covered patio or porch
  • Outdoor Grill

Utilities

  • Radiant Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Tract Number 261
  • Assessor Parcel Number 89525040

Community Details

Overview

  • 48 Units

Amenities

  • Community Barbecue Grill
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Boat Dock
  • Pier or Dock
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed
  • Pet Restriction

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,979

Year Built

Built in 1963 | Remodeled

Lot Details

0

HOA Fees

$650 per month

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Card/Code Access, Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Channel Reef (CREF)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 89525040
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1136.00 Square Feet
  • Interior Amenities: Built-in Features, Granite Counters, Living Room Balcony, Living Room Deck Attached, Recessed Lighting, Storage, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, In Kitchen, In Living Room
  • Fireplace Features: Living Room, Electric, Decorative
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1804.58
  • Room Type: Kitchen, Living Room, Main Floor Master Bedroom, Master Bathroom
  • Spa Features: Association, In Ground
  • Window Features: Blinds, Roller Shields, Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Corian Counters
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Boat Slip, Dock Private
  • View: Bay, Catalina, Coastline, Harbor, Ocean, Water, White Water
  • Fence: Yes
  • Fencing: Security
  • Patio And Porch Features: Concrete, Covered, Deck
  • Pool Features: Association, Heated, In Ground, Salt Water
  • Pool Private: No
  • Roof: Asphalt
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls, Plaster, Steel

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Covered, Concrete, Driveway Down Slope From Street, On Site, Parking Space
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Not Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Radiant, Electric
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Dock, Pier, Storage, Cable TV, Trash, Sewer, Water, Dues Paid Monthly, Pet Rules, Pets Not Permitted, Management, Controlled Access
  • Association Fee: 650.00
  • Association Fee Frequency: Monthly
  • Association Name: On file
  • Phone: On file
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down, Landscaped

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 48
  • Number Of Units Total: 1
  • Waterfront Features: Canal Front, Ocean Side Of Highway 1

Tax Info

  • Tax Tract Number: 261-10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Jan 17, 2019
Sold by
Harrison Lucille A
Bought by
Purcell Michael J and Purcell Rita M
Seller's Agent
Sue Young
Compass
Buyer's Agent
Ilene Wallach
Real Brokerage Technologies, Inc
List Price
$2,100,000
Sold Price
$2,050,000
Premium/Discount to List
-$50,000
-2.38%
Total Days on Market
7
Current Estimated Value
$3,321,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,271,897
Avg. Annual Appreciation
7.88%

Purchase Details

Listed on
May 31, 2017
Closed on
Nov 11, 2017
Sold by
Harrison Lucille A
Bought by
Harrison Michael R
Seller's Agent
William McCaffrey
Berkshire Hathaway HomeService
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,250,000
Sold Price
$1,950,000
Premium/Discount to List
-$300,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$1,387,500
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 31, 2017
Closed on
Nov 9, 2017
Sold by
Mccaffrey William J and Mccaffrey Megumi T
Bought by
Harriso Michael R
Seller's Agent
William McCaffrey
Berkshire Hathaway HomeService
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,250,000
Sold Price
$1,950,000
Premium/Discount to List
-$300,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,387,500
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 20, 2010
Sold by
Mccaffrey William J
Bought by
Mccaffrey William J and Mccaffrey Megumi T

Purchase Details

Closed on
Feb 4, 2002
Sold by
Mccaffrey William J
Bought by
Mccaffrey William J
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 Buyer Sale Price Title Company
Purcell Michael J $2,050,000 Lawyers Title Company
Harrison Michael R -- None Available
Harriso Michael R $1,950,000 California Title Co9
Mccaffrey William J -- None Available
Mccaffrey William J -- None Available
Mccaffrey William J -- None Available
Mccaffrey William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harrison Michael R $1,387,500
Previous Owner Mccaffrey William J $1,400,000
Previous Owner Mccaffrey William J $1,400,000
Previous Owner Mccaffrey William J $200,000
Previous Owner Mccaffrey William J $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $2,050,000 -2.4% $1,805 / Sq Ft
01/04/2019 01/04/19 For Sale $2,100,000 +7.7% $1,849 / Sq Ft
12/01/2017 12/01/17 Sold $1,950,000 -2.5% $1,717 / Sq Ft
10/10/2017 10/10/17 Price Changed $1,999,000 -4.8% $1,760 / Sq Ft
07/17/2017 07/17/17 Price Changed $2,099,000 -6.7% $1,848 / Sq Ft
05/31/2017 05/31/17 For Sale $2,250,000 -- $1,981 / 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 $23,979 $2,241,973 $2,013,333 $228,640
2023 $23,417 $2,198,013 $1,973,856 $224,157
2022 $23,029 $2,154,915 $1,935,153 $219,762
2021 $22,588 $2,112,662 $1,897,209 $215,453
2020 $22,371 $2,091,000 $1,877,756 $213,244
2019 $21,267 $1,950,000 $1,757,400 $192,600
2018 $20,843 $1,950,000 $1,757,400 $192,600
2017 $6,615 $602,272 $412,473 $189,799
2016 $6,467 $590,463 $404,385 $186,078
2015 $6,404 $581,594 $398,311 $183,283
2014 $6,252 $570,202 $390,509 $179,693
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19001835

California Regional Multiple Listing Service (CRMLS)

APN: 895-250-40