$525,000
SOLD MAR 14, 2018
3 Beds
2 Baths
1,713 Sq Ft
2,320 Sq Ft Lot

Recently Sold

$306 Per Sq Ft

15% Below List Price

107 Days on Market

Highlights

  • Marina
  • Wood Flooring
  • Tennis Courts
  • Golf Course Community
  • Attic
  • 3-minute walk to Spencer Park

About This Home

As of March 2018

Great location, this up down duplex is tucked away on a dead end street just off Thames. Short walk to Newport Harbor, all your favorite downtown restaurants & shops! Well maintained and updated. All plaster replaced with sheetrock throughout. Updated PVC plumbing. Updated electrical service & panels. Replaced old adjustable lolly columns with fixed columns. Salvaged hardware floors. Updated bathrooms. Updated appliances. Granite countertops & replaced cabinetry. Replaced Oil Tank, water heater and installed new electric gas Heating systems. Separated utilities paid by tenants, both units currently leased until spring 2017.

Last Agent to Sell the Property

Ryan Hazinakis

Keller Williams Coastal License #RES.0040457 Listed on: 10/27/2017

Keller Williams Coastal

Last Buyer's Agent

Tracie Hall

Keller Williams Coastal License #RES.0040662

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,674

Year Built

  • Built in 1900

Home Design

  • Block Foundation
  • Shingle Siding
  • Masonry

Interior Spaces

  • 1,713 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Permanent Attic Stairs

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • 220 Volts
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Walking Distance to Water
  • 2,320 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for hot water
  • Tax Lot 403
  • Assessor Parcel Number 3SharonCTNEWP

Community Details

Overview

  • 4 Units
  • Fifth Ward/Yachting Village Subdivision

Amenities

  • Shops
  • Public Transportation

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities

Building Details

  • Operating Expense $250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,674

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0533
  • Subdivision Name: Fifth Ward/Yachting Village
  • Above Grade Finished Sq Ft: 1713.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: Attic, Permanent Attic Stairs
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Waterfront Features: Walk to Water
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Drywall, Masonry, Shingle Siding
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Common Area, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers, 220 Volts
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Golf, Marina, Near Schools, Public Transportation, Recreation Area, Shopping, Tennis Court(s)
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2320.0
  • Parcel #: 3SharonCTNEWP
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 250.0

Tax Info

  • Tax Annual Amount: 3674.0
  • Tax Lot: 403
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Mar 14, 2018
Sold by
Alves Kenneth J
Bought by
Morelli Jarred L
Seller's Agent
Ryan Hazinakis
Keller Williams Coastal
Buyer's Agent
Tracie Hall
Keller Williams Coastal
List Price
$619,000
Sold Price
$525,000
Premium/Discount to List
-$94,000
-15.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$507,478
Interest Rate
4.22%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 28, 2012
Closed on
May 18, 2012
Sold by
Pine Emily R Est
Bought by
Alves Kenneth J
Seller's Agent
John Silvia
RE/MAX Profnl. Newport, Inc.
Buyer's Agent
Non-Mls Member
Non-Mls Member
List Price
$169,000
Sold Price
$175,000
Premium/Discount to List
$6,000
3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.78%
Original Mortgage
$250,000
Interest Rate
4.01%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $525,000 --
Warranty Deed $175,000 --
Warranty Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $489,000 Stand Alone Refi Refinance Of Original Loan
Closed $507,478 FHA
Previous Owner $280,000 No Value Available
Previous Owner $250,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $995,000 0.0% $603 / Sq Ft
07/19/2018 07/19/18 Rented $3,500 -16.7% --
06/19/2018 06/19/18 Under Contract -- -- --
04/07/2018 04/07/18 For Rent $4,200 0.0% --
03/14/2018 03/14/18 Sold $525,000 -15.2% $306 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
10/27/2017 10/27/17 For Sale $619,000 +253.7% $361 / Sq Ft
05/18/2012 05/18/12 Sold $175,000 +3.6% $132 / Sq Ft
04/18/2012 04/18/12 Pending -- -- --
03/28/2012 03/28/12 For Sale $169,000 -- $127 / Sq Ft
Source: State-Wide MLS

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 $6,481 $788,500 $347,800 $440,700
2023 $5,033 $507,400 $227,300 $280,100
2022 $4,876 $507,400 $227,300 $280,100
2021 $4,734 $507,400 $227,300 $280,100
2020 $4,255 $413,900 $217,700 $196,200
2019 $4,255 $413,900 $217,700 $196,200
2018 $4,135 $413,900 $217,700 $196,200
2017 $3,674 $327,700 $155,700 $172,000
2016 $3,582 $327,700 $155,700 $172,000
2015 $3,497 $327,700 $155,700 $172,000
2014 $3,425 $284,000 $132,300 $151,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: State-Wide MLS

MLS Number: 1176476

State-Wide MLS

APN: NEWP-000039-000000-000403