270 Cagney Ln Unit 313 Newport Beach, CA 92663
2
Beds
2
Baths
1,304
Sq Ft
$788/mo
HOA Fee
Highlights
- Fitness Center
- In Ground Pool
- Primary Bedroom Suite
- Newport Heights Elementary Rated A
- No Units Above
- Gated Community
About This Home
As of January 2025MASSIVE PRICE IMPROVEMENT IN AN UNBEATABLE LOCATION! Experience luxury coastal penthouse living in Newport Beach! Situated less than a mile from the pristine sands and surf, this 2-bedroom, 2-bathroom gem is designed for the ultimate Southern California lifestyle. Step inside to find hardwood laminate flooring, custom mirrored walls, and vaulted ceilings that create a spacious and airy atmosphere. The gourmet kitchen, featuring granite countertops, stainless steel appliances, and ample cabinetry, opens seamlessly to the dining and living rooms—perfect for entertaining or enjoying a cozy night in front of the fireplace. Two private balconies provide the perfect spots for sipping your morning coffee or unwinding with a glass of wine. One balcony overlooks the resort-style pool and greenbelt, allowing you to feel the refreshing ocean breezes and truly relax. Additional highlights include skylights that fill the home with natural light, two secure underground parking spaces with large storage, and an array of upscale amenities at Villa Balboa. Enjoy pickleball and tennis courts, two sparkling swimming pools, a spa, BBQ area, clubhouse, and fitness center—all within a gated community with 24-hour security. Located just moments from the vibrant Balboa Peninsula and charming Lido Marina Village, you’ll have access to world-class shopping, dining, and entertainment. This is more than just a home—it's a lifestyle. Don’t miss your chance to live the ultimate Newport Beach dream!
Last Agent to Sell the Property
RE/MAX Select One Brokerage Email: info@mcguireteam.com License #00959318 Listed on: 08/23/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,775
Year Built
- Built in 1985
Lot Details
- No Units Above
- No Units Located Below
- Two or More Common Walls
HOA Fees
- $788 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Available
- Automatic Gate
- Controlled Entrance
Property Views
- Park or Greenbelt
- Pool
- Neighborhood
Home Design
- Flat Roof Shape
- Stucco
Interior Spaces
- 1,304 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Cathedral Ceiling
- Skylights
- Recessed Lighting
- Entryway
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Combination Dining and Living Room
Kitchen
- Open to Family Room
- Breakfast Bar
- Gas Oven
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Primary Bedroom Suite
- Double Master Bedroom
- Bathroom on Main Level
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Soaking Tub
- Bathtub with Shower
- Separate Shower
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Home Security
Pool
- In Ground Pool
- Heated Spa
Outdoor Features
- Balcony
- Deck
- Patio
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 8336
- Assessor Parcel Number 93077685
- $375 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 445 Units
- Villa Balboa Association, Phone Number (949) 450-0202
- Action HOA
- Villa Balboa Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
- Meeting Room
Recreation
- Tennis Courts
- Pickleball Courts
- Fitness Center
- Community Pool
- Community Spa
- Bike Trail
Pet Policy
- Pets Allowed
- Pet Restriction
Security
- Resident Manager or Management On Site
- Controlled Access
- Gated Community
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2024
Closed on
Dec 11, 2024
Sold by
Khosro Khaloghli Trust and Khaloghli Khosro
Bought by
Buenaventura Cristina Alvarez and Buenaventura Clarissa Alvarez
Seller's Agent
Lori McGuire
RE/MAX Select One
Buyer's Agent
Sara Ketzel
Arbor Real Estate
List Price
$1,199,800
Sold Price
$1,045,000
Premium/Discount to List
-$154,800
-12.9%
Views
68
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
$45,710
Avg. Annual Appreciation
6.81%
Purchase Details
Listed on
Aug 23, 2024
Closed on
Dec 2, 2024
Sold by
Dulamal Nandwani Ryan
Bought by
Buenaventura Clarissa Alvarez
Seller's Agent
Lori McGuire
RE/MAX Select One
Buyer's Agent
Sara Ketzel
Arbor Real Estate
List Price
$1,199,800
Sold Price
$1,045,000
Premium/Discount to List
-$154,800
-12.9%
Views
68
Purchase Details
Closed on
Jul 23, 2008
Sold by
Khaloghli Khosro
Bought by
Khaloghli Khosro and The Khosro Khaloghli Trust
Purchase Details
Closed on
Jun 4, 2004
Sold by
Minami Haroka
Bought by
Khaloghli Khosro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
3.68%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 19, 2004
Sold by
Hemmick Robert Snow
Bought by
Khaloghli Khosro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
3.68%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 22, 2003
Sold by
Hemmick Robert Snow
Bought by
Hemmick Robert Snow and Robert Snow Hemmick Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,600
Interest Rate
5.87%
Mortgage Type
Balloon
Purchase Details
Closed on
Sep 30, 2002
Sold by
Hemmick Robert Snow
Bought by
Hemmick Robert Snow
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.09%
Mortgage Type
Balloon
Purchase Details
Closed on
Jun 6, 2000
Sold by
Hemmick Robert S
Bought by
Hemmick Robert Snow and Robert Snow Hemmick Trust
Purchase Details
Closed on
Apr 20, 1999
Sold by
Mink Maxine M
Bought by
Hemmick Robert S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
6.84%
Similar Homes in Newport Beach, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,045,000 | None Listed On Document | |
| Grant Deed | $1,045,000 | None Listed On Document | |
| Grant Deed | -- | First American Title Company | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Co Irvine | |
| Grant Deed | $640,000 | Chicago Title Co Irvine | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Interfamily Deed Transfer | -- | First Southwestern Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $289,000 | United Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $524,000 | Negative Amortization | |
| Previous Owner | $175,000 | Credit Line Revolving | |
| Previous Owner | $512,000 | Negative Amortization | |
| Previous Owner | $250,600 | Balloon | |
| Previous Owner | $250,000 | Balloon | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $231,200 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/02/2025 01/02/25 | Sold | $1,045,000 | -0.5% | $801 / Sq Ft |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- |
| 10/24/2024 10/24/24 | Price Changed | $1,050,000 | -8.7% | $805 / Sq Ft |
| 09/23/2024 09/23/24 | Price Changed | $1,150,000 | -4.2% | $882 / Sq Ft |
| 08/23/2024 08/23/24 | For Sale | $1,199,800 | 0.0% | $920 / Sq Ft |
| 09/13/2023 09/13/23 | Rented | $3,800 | 0.0% | -- |
| 07/29/2023 07/29/23 | Under Contract | -- | -- | -- |
| 07/18/2023 07/18/23 | For Rent | $3,800 | +18.8% | -- |
| 08/30/2019 08/30/19 | Rented | $3,199 | 0.0% | -- |
| 08/15/2019 08/15/19 | Price Changed | $3,199 | 0.0% | $2 / Sq Ft |
| 07/05/2019 07/05/19 | For Rent | $3,200 | 0.0% | -- |
| 06/07/2019 06/07/19 | Rented | $3,200 | 0.0% | -- |
| 06/05/2019 06/05/19 | Off Market | $3,200 | -- | -- |
| 05/29/2019 05/29/19 | For Rent | $3,200 | 0.0% | -- |
| 05/16/2018 05/16/18 | Rented | $3,200 | 0.0% | -- |
| 05/12/2018 05/12/18 | Under Contract | -- | -- | -- |
| 05/07/2018 05/07/18 | For Rent | $3,200 | -- | -- |
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 | $9,775 | $909,939 | $698,877 | $211,062 |
| 2024 | $9,775 | $892,098 | $685,174 | $206,924 |
| 2023 | $9,544 | $874,606 | $671,739 | $202,867 |
| 2022 | $9,383 | $857,457 | $658,567 | $198,890 |
| 2021 | $9,205 | $840,645 | $645,654 | $194,991 |
| 2020 | $9,116 | $832,026 | $639,034 | $192,992 |
| 2019 | $8,932 | $815,712 | $626,504 | $189,208 |
| 2018 | $8,223 | $749,000 | $588,308 | $160,692 |
| 2017 | $8,233 | $749,000 | $588,308 | $160,692 |
| 2016 | $8,205 | $749,000 | $588,308 | $160,692 |
| 2015 | $7,664 | $694,000 | $533,308 | $160,692 |
| 2014 | $6,808 | $616,080 | $455,388 | $160,692 |
Source: Public Records
Agents Affiliated with this Home
-
Lori McGuire
Seller's Agent in 2025
Lori McGuire
RE/MAX
(949) 248-8401
289 Total Sales
-
Sara Ketzel
S
Buyer's Agent in 2025
Sara Ketzel
Arbor Real Estate
(877) 452-3372
12 Total Sales
-
David Feldberg
Seller's Agent in 2023
David Feldberg
Coastal Real Estate Group
(949) 439-6288
61 Total Sales
-
Kate Keast
Seller's Agent in 2018
Kate Keast
Team Laguna Inc
(866) 501-7535
1 Total Sale
-
Sal Salinas
Buyer's Agent in 2018
Sal Salinas
RE/MAX
(323) 385-9516
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24167132
APN: 930-776-85
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