NOT LISTED FOR SALE

Estimated Value: $2,287,000 - $3,926,000

4 Beds
2 Baths
2,094 Sq Ft
$1,387/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $1,475,000 $704 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $17,687/month

33 Days on Market

Highlights

  • Property has ocean access
  • Ocean Side of Highway 1
  • Neighborhood Views
  • Newport Elementary School Rated A
  • No HOA
  • 2-minute walk to 38th Street Park

About This Home

As of March 2018

Lowest priced duplex in Newport Beach.Over $240,000 less than closest competitor. Close to both beach and bay and steps to the neighborhood park. The front unit has been updated and the exterior repainted. The front unit has hardwood floors, new window blinds, new paint plus the front fence, front door and garage door have been painted. Each of the two units has 2 bedrooms 1 bath. There is a shared garage and laundry facility. The city says the unit can be 24 feet high with a flat roof or 27 feet with a sloping roof. Because of the width of the lot, this unit can have unlimited square footage on a 3rd floor where normally that number is restricted to 15% of the gross square footage of the interior space. This is a great rental and rarely has a vacancy. Please call listing agent for further information as to income and possibilities with this property. The property is two short blocks to one of the best surfing beaches, 1/2 block to a major park and 1 block to the bay and Newport Island. Don't let this one slip away.

Call for showing instructions: See agent remarks and showing instructions.

Last Agent to Sell the Property

Barbara Amstadter

Barbara Amstadter, Broker License #00916704 Listed on: 12/31/2017

Last Buyer's Agent

Andrew Patterson

Andrew Patterson, Broker License #01291509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,875

Year Built

  • Built in 1965

Lot Details

  • 2,352 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,094 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 3 / 235
  • Tax Tract Number 418
  • Assessor Parcel Number 42337506

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,394
  • Water Sewer Expense $696
  • Operating Expense $19,090
  • Gross Income $75,600
  • Net Operating Income $71,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,875

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula
  • View: Yes
  • Water Sewer Expenses: 696.00
  • Property Type: Residential Income
  • Parcel Number: 42337506
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 704.39

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2352.00

Multi Family

  • Gross Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 1394.00
  • Net Operating Income: 71350.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4250.00
  • Rent Control: No
  • Total Actual Rent: 55800.00
  • Total Expenses: 19090.00
  • Waterfront Features: Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 235
  • Tax Census Tract: 635.00
  • Tax Lot: 3
  • Tax Tract Number: 418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2020
Sold by
Patterson Andrew
Bought by
Patterson Andrew O and Patterson Shannon A
Current Estimated Value
$2,903,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$467,845
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$2,375,543

Purchase Details

Listed on
Dec 31, 2017
Closed on
Jan 10, 2018
Sold by
36Th Street Properties Llc
Bought by
Patterson Andrew
Seller's Agent
Barbara Amstadter
Barbara Amstadter, Broker
Buyer's Agent
Andrew Patterson
Andrew Patterson, Broker
List Price
$1,525,000
Sold Price
$1,475,000
Premium/Discount to List
-$50,000
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%

Purchase Details

Closed on
Feb 10, 2011
Sold by
Miller Aimee L
Bought by
36Th Street Properties Llc

Purchase Details

Closed on
Feb 10, 2010
Sold by
Miller Aimee
Bought by
Miller Aimee L

Purchase Details

Closed on
Apr 30, 2004
Sold by
Muth James T and Muth Michele S
Bought by
Miller Aimee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2002
Sold by
The Patterson Group Llc
Bought by
Muth James T and Muth Michele S

Purchase Details

Closed on
Mar 4, 2002
Sold by
Patterson Andrew
Bought by
The Patterson Group Llc

Purchase Details

Closed on
Jul 6, 2001
Sold by
Calacci Garrett
Bought by
Patterson Andrew and Andersen Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2001
Sold by
Amling Scott W and Amling Marianne B
Bought by
Calacci Garrett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 1998
Sold by
Hayburn Thomas
Bought by
Amling Scott W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,450
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 1996
Sold by
Carr Timothy Walter and Feeney William M
Bought by
Hayburn Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 1996
Sold by
Carr Timothy Walter
Bought by
Carr Timothy Walter and Feeney William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 1996
Sold by
Berkeley Federal Bank & Trust
Bought by
Carr Timothy Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,300
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 1996
Sold by
Blanchard Candace L
Bought by
Berkeley Federal Bank & Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,300
Interest Rate
7.01%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patterson Andrew O -- Fidelity National Title Co
Patterson Andrew $1,475,000 Stewart Title
36Th Street Properties Llc -- None Available
Miller Aimee L -- None Available
Miller Aimee $1,120,000 California Title Company
Muth James T $825,000 --
The Patterson Group Llc -- --
The Patterson Group Llc -- --
Patterson Andrew $600,000 Stewart Title
Calacci Garrett -- Stewart Title
Amling Scott W $495,000 Stewart Title
Hayburn Thomas $350,000 Stewart Title
Carr Timothy Walter $14,500 Stewart Title
Carr Timothy Walter $285,000 Continental Lawyers Title Co
Berkeley Federal Bank & Trust $239,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Andrew O $650,000
Closed Patterson Andrew $0
Previous Owner Miller Aimee $800,000
Previous Owner Muth James T $400,000
Previous Owner Patterson Andrew $480,000
Previous Owner Calacci Garrett $412,500
Previous Owner Amling Scott W $445,450
Previous Owner Hayburn Thomas $280,000
Previous Owner Carr Timothy Walter $256,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $1,475,000 -3.3% $704 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
12/31/2017 12/31/17 For Sale $1,525,000 -- $728 / 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 $23,875 $2,261,883 $1,570,204 $691,679
2024 $23,875 $2,217,533 $1,539,416 $678,117
2023 $23,314 $2,174,052 $1,509,231 $664,821
2022 $22,925 $2,131,424 $1,479,638 $651,786
2021 $22,487 $2,089,632 $1,450,626 $639,006
2020 $17,660 $1,630,294 $1,435,752 $194,542
2019 $15,315 $1,407,600 $1,407,600 $0
2018 $15,217 $1,399,512 $1,305,175 $94,337
2017 $14,948 $1,372,071 $1,279,583 $92,488
2016 $14,615 $1,345,168 $1,254,493 $90,675
2015 $14,475 $1,324,963 $1,235,650 $89,313
2014 $13,881 $1,275,000 $1,188,482 $86,518
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17281185

California Regional Multiple Listing Service (CRMLS)

APN: 423-375-06