Seller's Agent in 2024
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
19 in this area
120 Total Sales
306 E Oceanfront Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $3,442,000 - $7,526,000
3
Beds
2
Baths
800
Sq Ft
$7,044/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- No HOA
- Newport Elementary School Rated A
- Wood Flooring
- Enclosed Patio or Porch
About This Home
As of April 2024Major price reduction! Welcome to 306 East Oceanfront - a two cottage duplex, each with an active short term rental permit, situated in one of the most desirable areas of Southern California, the Balboa Peninsula. A charming coastal feel exudes in each cottage. The front cottage is an adorable one bedroom one bathroom floor plan with a spacious kitchen and dining area. A large enclosed front patio is the perfect place to watch people go by on the boardwalk. The back cottage is a two bedroom one bathroom floor plan complete with a large living room that opens to a patio with ocean views as far as the eye can see. Ideally located just minutes from the Balboa Pier, Fun Zone, the Wedge, Balboa Island Ferry, and all the world-class dining, shopping, and amenities Newport Beach has to offer. 306 East Oceanfront is truly a one of a kind offering in a landmark location on the sand!
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty Brokerage Phone: 714-396-0185 License #01210754 Listed on: 02/13/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1922
Lot Details
- 2,400 Sq Ft Lot
- Beach Front
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Entry on the 1st floor
Interior Spaces
- 800 Sq Ft Home
- 2-Story Property
- Dining Room with Fireplace
- Wood Flooring
- White Water Ocean Views
- Breakfast Bar
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Enclosed Patio or Porch
- Heating Available
Community Details
- No Home Owners Association
- Balboa Peninsula Subdivision
Listing and Financial Details
- Legal Lot and Block 5 / 2
- Tax Tract Number 510
- Assessor Parcel Number 04808208
- $364 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 13, 2024
Closed on
Apr 15, 2024
Sold by
306 E Oceanfront Newport Beach Llc
Bought by
306 East Oceanfront Llc
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Tara McNabb
Compass
List Price
$5,550,000
Sold Price
$4,950,000
Premium/Discount to List
-$600,000
-10.81%
Views
860
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$685,355
Avg. Annual Appreciation
7.93%
Purchase Details
Closed on
May 17, 2022
Sold by
Cindy Calangelo Mardigian Inheritance Tr
Bought by
306 E Oceanfront Newport Beach Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 13, 2017
Sold by
Robles Josefina L
Bought by
Mardigian Cindy
Purchase Details
Closed on
Apr 22, 2003
Sold by
Soriano Andres M
Bought by
Robles Josefina L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 31, 2003
Sold by
Bouris Peter
Bought by
Robles Josefina L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 21, 2000
Sold by
Jianoula Tamplis and Jianoula G
Bought by
Tamplis Giannoula
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 306 East Oceanfront Llc | $4,950,000 | Fidelity National Title | |
| 306 E Oceanfront Newport Beach Llc | $5,300,000 | First American Title | |
| Mardigian Cindy | $3,500,000 | Lawyers Title | |
| Robles Josefina L | -- | Equity Title Company | |
| Robles Josefina L | $1,550,000 | Equity Title Company | |
| Tamplis Giannoula | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 306 E Oceanfront Newport Beach Llc | $3,500,000 | |
| Previous Owner | Robles Josefina L | $999,999 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/19/2024 04/19/24 | Sold | $4,950,000 | -2.8% | $6,188 / Sq Ft | |
| 04/15/2024 04/15/24 | Pending | -- | -- | -- | |
| 04/01/2024 04/01/24 | Price Changed | $5,095,000 | -8.2% | $6,369 / Sq Ft | |
| 02/13/2024 02/13/24 | For Sale | $5,550,000 | +4.7% | $6,938 / Sq Ft | |
| 10/03/2022 10/03/22 | Sold | $5,300,000 | -10.1% | $6,625 / Sq Ft | View Prior Sale |
| 05/23/2022 05/23/22 | Pending | -- | -- | -- | |
| 04/22/2022 04/22/22 | For Sale | $5,895,000 | 0.0% | $7,369 / Sq Ft | |
| 09/18/2017 09/18/17 | Rented | $3,000 | 0.0% | -- | |
| 09/14/2017 09/14/17 | For Rent | $3,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $57,841 | $5,049,000 | $4,986,439 | $62,561 |
| 2024 | $57,841 | $5,406,000 | $5,304,000 | $102,000 |
| 2023 | $56,778 | $5,300,000 | $5,200,000 | $100,000 |
| 2022 | $41,369 | $3,827,761 | $3,777,538 | $50,223 |
| 2021 | $40,812 | $3,752,707 | $3,703,468 | $49,239 |
| 2020 | $40,425 | $3,714,228 | $3,665,493 | $48,735 |
| 2019 | $39,613 | $3,641,400 | $3,593,620 | $47,780 |
| 2018 | $38,916 | $3,570,000 | $3,523,156 | $46,844 |
| 2017 | $21,756 | $1,934,300 | $1,878,536 | $55,764 |
| 2016 | $21,299 | $1,896,373 | $1,841,702 | $54,671 |
| 2015 | $21,286 | $1,867,888 | $1,814,038 | $53,850 |
| 2014 | $20,797 | $1,831,299 | $1,778,503 | $52,796 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
-
Tara McNabb
Buyer's Agent in 2024
Tara McNabb
Compass
(949) 500-3910
20 in this area
107 Total Sales
-
Jeff Williams
Seller Co-Listing Agent in 2022
Jeff Williams
Pacific Sotheby's Int'l Realty
(949) 554-1200
2 in this area
18 Total Sales
-
C
Seller's Agent in 2017
Craig Batley
Burr White Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24028668
APN: 048-082-08
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.
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
Nearby Homes
- 218 E Oceanfront
- 315 E Bay Ave
- 200 E Balboa Blvd
- 417 E Bay Ave
- 126 E Balboa Blvd
- 122 E Bay Ave
- 310 Fernando St Unit 303
- 613 E Balboa Blvd Unit A
- 506 W Oceanfront Unit 2
- 506 W Oceanfront
- 916 E Oceanfront
- 706 W Oceanfront
- 115 N Bay Front
- 812 W Bay Ave
- 825 W Bay Ave Unit B
- 212 Opal Ave
- 126 Collins Ave
- 20 Harbor Island
- 8 Beacon Bay
- 126 Ruby Ave
- 306 E Oceanfront Unit A
- 306 E Oceanfront Unit B
- 304 E Oceanfront
- 308 E Oceanfront
- 302 E Oceanfront
- 300 E Oceanfront
- 301 E Balboa Blvd
- 312 E Oceanfront
- 314 E Oceanfront
- 316 E Oceanfront
- 315 E Balboa Blvd
- 317 E Balboa Blvd Unit A
- 317 E Balboa Blvd
- 219 E Balboa Blvd
- 216 E Oceanfront
- 400 E Oceanfront
- 217 E Balboa Blvd Unit "A"
- 217 E Balboa Blvd Unit 2
- 217 E Balboa Blvd Unit 1 & 2
- 214 E Oceanfront