$2,000,000
SOLD JUL 30, 2018
5 Beds
4 Baths
1,865 Sq Ft
2,375 Sq Ft Lot

Recently Sold

$1,072 Per Sq Ft

5% Below List Price

100 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Loft
  • Newport Elementary School Rated A
  • Main Floor Primary Bedroom
  • 2-minute walk to 38th Street Park

About This Home

As of July 2018

Newport Beach is a highly desirable vacation spot in Sunny California! This pristine Beach Cottage is close to all the highlights of the very trendy area of the Upper Peninsula, best of all it is only a 2 block walk to one of the best beach in Newport. Whether you want to be the investor or owner or both of a desirable two unit home near located newly renovated Lido Village, restaurants and shops has tons appeal. The home offers a front single level unit with 2 beds, 2 fulls baths plus a spacious patio for indoor/outdoor entertaining, kitchen and baths have been upgraded as well as floors and windows. A completely separate upper unit is situated over the 4 car tandem garage, with 3 bedrooms, 2 full baths and a separate loft/living area. The upper unit is light and bright with lots of windows and recessed lighting. There is a newer kitchen, baths done in stone and all the floors are low maintenance laminate or wood. The Shaker Style siding creates a pleasant exterior, housing Cathedral-Vaulted Ceilings, Ceiling Fan, Granite Counters and Pantry atop wood, tile and stone flooring. Additional features include laundry facility, upgraded appliances such as: Dishwasher, Garbage Disposal, Gas Stove, Gas Water Heater, Range/Stove Hood and fire pit for the ultimate beach indoor/outdoor lifestyle. With many new and trendy restaurants nearby, the highly rated Newport Harbor School District, plenty of parking and the neighborhood’s reputation for upscale beach luxury. Don't miss out!

Last Agent to Sell the Property

Sarah Sitar

Marterra Real Estate License #01302448 Listed on: 04/08/2018

Last Buyer's Agent

Diane Cannon

Compass License #01090918

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,557

Year Built

  • Built in 1990

Lot Details

  • 2,375 Sq Ft Lot
  • No Common Walls
  • Wood Fence

Parking

  • 4 Car Garage
  • Parking Available
  • Tandem Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Cottage
  • Turnkey
  • Brick Exterior Construction
  • Composition Roof
  • Cedar

Interior Spaces

  • 1,865 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room
  • Loft
  • Fire and Smoke Detector

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Additional Homes

  • Two Homes on a Lot

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 635
  • Assessor Parcel Number 42337407

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,557

Year Built

Built in 1990

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Upper Peninsula, Lido
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42337407
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Pantry
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Stone, Tile, Wood
  • Appliances: Yes
  • Price Per Square Foot: 1072.39
  • Room Type: Laundry, Living Room, Loft, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Cedar

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Door Opener, Tandem Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Range Hood
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 2375.00

Multi Family

  • Gross Scheduled Income: 137500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 1800.00
  • Tax Census Tract: 635.00
  • Tax Lot: 2
  • Tax Tract Number: 635

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2018
Closed on
Jul 20, 2018
Sold by
Allen Alyssa M and Myska Cynthia
Bought by
Landon Mortgage Llc
Seller's Agent
Sarah Sitar
Marterra Real Estate
Buyer's Agent
Diane Cannon
Compass
List Price
$2,095,000
Sold Price
$2,000,000
Premium/Discount to List
-$95,000
-4.53%
Current Estimated Value
$3,156,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,156,481
Avg. Annual Appreciation
6.66%

Purchase Details

Listed on
Mar 8, 2016
Closed on
Apr 14, 2016
Sold by
Allen Frank E
Bought by
Myska Cynthia
Seller's Agent
Scott Singer
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sarah Sitar
Marterra Real Estate
List Price
$1,595,000
Sold Price
$1,589,500
Premium/Discount to List
-$5,500
-0.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%
Original Mortgage
$555,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2016
Closed on
Mar 21, 2016
Sold by
Sullivan Danny and Harris Lorna
Bought by
Allen Alyssa M and Myska Cynthia
Seller's Agent
Scott Singer
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sarah Sitar
Marterra Real Estate
List Price
$1,595,000
Sold Price
$1,589,500
Premium/Discount to List
-$5,500
-0.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 1999
Sold by
Caruso David E
Bought by
Naples Michael L and Naples Leslie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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    Section Image

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 Type Sale Price Title Company
Grant Deed $2,000,000 First American Title Co
Quit Claim Deed -- Chicago Title Company
Grant Deed $1,589,500 Chicago Title Company
Grant Deed $286,500 Guardian Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $555,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $623,000 New Conventional
Previous Owner $428,500 Stand Alone First
Previous Owner $222,849 Stand Alone First
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Rented $25,000 +900.0% --
07/23/2019 07/23/19 For Rent $2,500 -36.7% --
07/23/2019 07/23/19 Rented $3,950 +58.0% --
07/15/2019 07/15/19 Price Changed $2,500 -67.7% $2 / Sq Ft
05/31/2019 05/31/19 Price Changed $7,750 -3.1% $6 / Sq Ft
04/02/2019 04/02/19 For Rent $8,000 0.0% --
07/30/2018 07/30/18 Sold $2,000,000 -4.5% $1,072 / Sq Ft
07/21/2018 07/21/18 For Sale $2,095,000 0.0% $1,123 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
06/29/2018 06/29/18 Price Changed $2,095,000 -4.6% $1,123 / Sq Ft
04/08/2018 04/08/18 For Sale $2,195,000 +38.1% $1,177 / Sq Ft
04/21/2016 04/21/16 Sold $1,589,500 -0.3% $852 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $1,595,000 -- $855 / 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 $23,557 $2,231,036 $2,053,661 $177,375
2024 $23,557 $2,187,291 $2,013,393 $173,898
2023 $23,003 $2,144,403 $1,973,914 $170,489
2022 $22,619 $2,102,356 $1,935,209 $167,147
2021 $22,187 $2,061,134 $1,897,264 $163,870
2020 $21,974 $2,040,000 $1,877,810 $162,190
2019 $21,522 $2,000,000 $1,840,990 $159,010
2018 $17,964 $1,669,842 $1,516,493 $153,349
2017 $17,646 $1,637,100 $1,486,757 $150,343
2016 $15,926 $1,471,867 $1,306,098 $165,769
2015 $15,228 $1,397,947 $1,247,422 $150,525
2014 $15,158 $1,397,947 $1,247,422 $150,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18081135

California Regional Multiple Listing Service (CRMLS)

APN: 423-374-07