$1,589,500
SOLD APR 21, 2016
5 Beds
4 Baths
1,865 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$852 Per Sq Ft

9 Days on Market

Highlights

  • Cape Cod Architecture
  • Retreat
  • No HOA
  • Newport Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to 38th Street Park

About This Home

As of July 2018

Tucked away in one of West Newport's most desirable locations, sits this amazing property with unique features. Charm and function found in both units: front unit's 2 bed/2 bath with high ceilings and spacious brick patio, along with the 3 bed/2 bath upstairs unit complete with hardwood floors and a master suite. Upgraded kitchens, baths, windows, roof, etc. make this an low-maintenance investment perfect for either an owner/user or pure investor. FOUR car garage is the key to not have to fret over parking during summer season. This one is worth a look.

Last Agent to Sell the Property

Scott Singer

Pacific Sotheby's Int'l Realty License #01310519 Listed on: 03/08/2016

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Sarah Sitar

Marterra Real Estate License #01302448

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,557

Year Built

  • Built in 1946 | Remodeled

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 25 x 95
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Cape Cod Architecture
  • Craftsman Architecture
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 1,865 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Home Office

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Main Floor Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 2
  • Tax Tract Number 635
  • Assessor Parcel Number 42337407

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $16,500
  • Gross Income $6,200
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,557

Year Built

Built in 1946 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1.00
  • Architectural Style: Cape Cod, Craftsman
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 42337407
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Levels: Three Or More
  • Price Per Square Foot: 852.28
  • Room Type: Living Room, Master Bedroom, Main Floor Bedroom, Retreat, Office

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 25 x 95
  • Lot Size Sq Ft: 2178.00
  • Price Per Lot Square Foot: 729.80
  • Lot Size Acres: 0.0500

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 6200.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1.00
  • Lot Size Area: 2178.0000 Square Feet
  • Net Operating Income: 57600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 16500.00
  • 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
6.65%

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

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
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: NP16048208

California Regional Multiple Listing Service (CRMLS)

APN: 423-374-07