NOT LISTED FOR SALE

302 Coral Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $3,658,558 - $4,097,000

3 Beds
2.5 Baths
1,852 Sq Ft
$2,108/Sq Ft Est. Value

Last Sold January 07, 2013

Last sale price $1,650,000 $891 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $22,797/month

5 Days on Market

Highlights

  • Beach Access
  • Primary Bedroom Suite
  • Wood Flooring
  • Abraham Lincoln Elementary School Rated A
  • Craftsman Architecture
  • Main Floor Bedroom

About This Home

As of January 2013

Very nice Balboa Island home. Remodeled in 2001. 3 bedroom, 2 1/4 baths, inside laundry, One bedroom,one bathroom downstairs. Kitchen screams please cook in here. 6 gas burners,griddle Viking Stove, sub zero refrigerators,sub zero wine refrigerator,walk in pantry, kitchen opens to the living room with an inviting fireplace. Master Bedroom Suite has 2 walk in closets, built in shelves, third room can be used as a bedroom, bonus room, art studio you make the choice.Central Heat and Air.Loads of built ins through out the home. Two car garage attached. Don't let this one get away from you. Broker preview Thurs Dec.7th and Open house on Dec 9th

Last Agent to Sell the Property

Laura Gale

HOM Sotheby's International License #01269394 Listed on: 12/05/2012

Last Buyer's Agent

Robert Moloney

Robert Moloney, Broker License #01715853

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,004

Year Built

  • Built in 1932 | Remodeled

Lot Details

  • 2,550 Sq Ft Lot
  • Lot Dimensions are 30x85
  • Property fronts an alley
  • Partially Fenced Property
  • Rectangular Lot
  • Property is zoned R1.5

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Rear-Facing Garage
  • Side Facing Garage
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Craftsman Architecture
  • Split Level Home
  • Brick Exterior Construction
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 1,852 Sq Ft Home
  • Built-In Features
  • Wainscoting
  • Recessed Lighting
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Plantation Shutters
  • Wood Frame Window

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Oven or Range
  • Cooktop
  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Beach Access

Utilities

  • Central Heating and Cooling System
  • Water Purifier

Listing and Financial Details

  • Legal Lot and Block 2 / 16
  • Tax Tract Number 101
  • Assessor Parcel Number 05013120

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,004

Year Built

Built in 1932 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: washer,dryer,sub zero wine refrigerator,guest bathroom mirror
  • Other Phone Description: Preferred
  • Other Phone Number: 949-500-6418
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Island - Main Island
  • View: No
  • Zoning: R1.5
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05013120
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1852.00
  • Interior Amenities: Built-in Features, Granite Counters, Recessed Lighting, Wainscoting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: In Kitchen
  • Fireplace Features: Gas Starter
  • Levels: Multi/Split
  • Price Per Square Foot: 890.93
  • Room Type: Main Floor Bedroom, Master Suite
  • Window Features: Double Pane Windows, Plantation Shutters, Wood Frames

Exterior Features

  • Patio: No
  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Door Opener, Garage Faces Rear, Garage - Single Door, Garage Faces Side, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Appliances: Built-In, Double Oven, Dishwasher, Gas Cooking, Disposal, Oven, Range, Refrigerator, Cooktop, Trash Compactor, Water Purifier
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Rectangular Lot
  • Lot Size: 30x85
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0590

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 16
  • Tax Lot: 2
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2012
Closed on
Jan 3, 2013
Sold by
Jones Sara Elizabeth
Bought by
Cullen Judy Fortner and Judy Fortner Cullen Trust
Seller's Agent
Laura Gale
HOM Sotheby's International
Buyer's Agent
Robert Moloney
Robert Moloney, Broker
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$3,903,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,253,390

Purchase Details

Listed on
Dec 5, 2012
Closed on
Dec 19, 2012
Sold by
Cullen Judy Fortner
Bought by
302 Coral Llc
Seller's Agent
Laura Gale
HOM Sotheby's International
Buyer's Agent
Robert Moloney
Robert Moloney, Broker
List Price
$1,650,000
Sold Price
$1,650,000

Purchase Details

Closed on
Oct 22, 2003
Sold by
Jones Sara Elizabeth
Bought by
Jones Judy Fortner and Cullen Philip Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2003
Sold by
Cullen Phillip Richard
Bought by
Cullen Philip Richard and Philip Richard Cullen Living Trust

Purchase Details

Closed on
Apr 13, 2001
Sold by
Cullen Philip Richard
Bought by
Cullen Philip Richard and Cullen Judy Fortner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 27, 2000
Sold by
Cullen Philip R and Cullen Judy F
Bought by
Cullen Philip Richard and Cullen Judy Fortner

Purchase Details

Closed on
Oct 12, 1998
Sold by
Cullen Judy F and Jones Judy F
Bought by
Cullen Philip R and Cullen Judy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.71%

Purchase Details

Closed on
Jan 29, 1997
Sold by
Jones Judy F
Bought by
Jones Judy F and Judy Jones Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
7.9%
Mortgage Type
Balloon
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 Buyer Sale Price Title Company
Cullen Judy Fortner -- Orange Coast Title Company
302 Coral Llc $1,650,000 Orange Coast Title Company
Jones Judy Fortner -- Orange Coast Title
Cullen Philip Richard -- Landamerica Commonwealth
Cullen Philip Richard -- --
Cullen Philip Richard -- --
Cullen Philip R -- United Title Company
Jones Judy F -- Orange Coast Title
Jones Judy F $531,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Judy Fortner $354,000
Previous Owner Cullen Judy Fortner $0
Previous Owner Cullen Philip Richard $125,000
Previous Owner Cullen Philip R $227,150
Previous Owner Jones Judy F $131,000
Closed Cullen Philip Richard $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2013 01/07/13 Sold $1,650,000 0.0% $891 / Sq Ft
12/10/2012 12/10/12 Pending -- -- --
12/05/2012 12/05/12 For Sale $1,650,000 -- $891 / 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 $24,004 $2,031,852 $1,777,917 $253,935
2024 $24,004 $1,992,012 $1,743,056 $248,956
2023 $23,411 $1,952,953 $1,708,878 $244,075
2022 $20,506 $1,914,660 $1,675,370 $239,290
2021 $20,114 $1,877,118 $1,642,519 $234,599
2020 $19,921 $1,857,871 $1,625,677 $232,194
2019 $19,509 $1,821,443 $1,593,801 $227,642
2018 $19,121 $1,785,729 $1,562,550 $223,179
2017 $18,783 $1,750,715 $1,531,912 $218,803
2016 $18,362 $1,716,388 $1,501,875 $214,513
2015 $18,189 $1,690,607 $1,479,316 $211,291
2014 -- $1,657,491 $1,450,338 $207,153
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Laura Gale

    HOM Sotheby's International

  • R

    Buyer's Agent in 2013

    Robert Moloney

    Robert Moloney, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12004523

California Regional Multiple Listing Service (CRMLS)

APN: 050-131-20

California Orange County Newport Beach 92662 Balboa Island

302 Coral Ave, Newport Beach, CA

This home is located at 302 Coral Ave, Newport Beach, CA 92662 since 05 December 2012 and is currently estimated at $3,903,390, approximately $2,107 per square foot. This property was built in 1932. 302 Coral Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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