Newport Bay Towers 310 Fernando St Unit 111 Newport Beach, CA 92661
Central Newport Beach Neighborhood
2
Beds
2
Baths
1,337
Sq Ft
$974/mo
HOA Fee
Highlights
- Boat Dock
- Home fronts a seawall
- In Ground Pool
- Newport Elementary School Rated A
- Boat Slip
- Harbor Views
About This Home
As of July 2024Welcome to Newport Bay Towers on the bay front overlooking the harbor in the heart of the Newport peninsula. Located on the first level, this turnkey 2 bedroom, 2 bath condo offers a spacious floor plan and beautiful bay views. Step inside and be greeted by a large living room that seamlessly flows into the dining area and kitchen. Sliding glass doors lead to a private patio overlooking the sparkling pool and the harbor. The kitchen features quartz countertops, stainless appliances and bar seating. Unwind in either of the two generously sized bedrooms, each featuring a walk-in closet for all your storage needs. Both bathrooms have been remodeled with walk-in showers and quartz countertops, offering a touch of modern luxury. The primary suite boasts its own private patio, perfect for enjoying your morning coffee. Thoughtful details such as wood-like tile flooring throughout adds a touch of warmth and comfort, while the washer and dryer within the unit provide convenience. Beyond your unit, Newport Bay Towers offers a secure building with subterranean parking and storage. This particular unit comes with two designated parking spaces - one conveniently located underground and another perfect for guests at street level. Indulge in the resort-style amenities including a pool and a roof deck with spectacular views of the bay, ocean and city lights. Additionally, the community offers dock space with slips to accommodate Duffy boats and larger yachts with priority for homeowners. This property is being offered with an 18’ Classic Deluxe Duffy boat with its own slip and a reasonable monthly slip fee. Newport Bay Towers sits in a prime spot, within walking distance to the lively Balboa Fun Zone, charming Balboa Island, the world-famous Wedge surf spot, and all the vibrant attractions the peninsula offers. Embrace the quintessential Newport Beach lifestyle in this luxurious bay front condo.
Last Agent to Sell the Property
Compass Brokerage Email: allison.root@compass.com License #01368988 Listed on: 05/28/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $14,073
Year Built
- Built in 1963
Lot Details
- Home fronts a seawall
- Property Fronts a Bay or Harbor
- Two or More Common Walls
- Density is over 40 Units/Acre
HOA Fees
- $974 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Parking Available
- Parking Lot
Home Design
- Midcentury Modern Architecture
- Turnkey
- Flat Roof Shape
- Block Foundation
- Cement Siding
- Pre-Cast Concrete Construction
Interior Spaces
- 1,337 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Tile Flooring
- Harbor Views
Kitchen
- Breakfast Bar
- Double Oven
- Six Burner Stove
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Primary Bedroom Suite
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Accessible Home Design
- No Interior Steps
Pool
Outdoor Features
- Boat Slip
- Patio
- Exterior Lighting
- Rain Gutters
Schools
- Newport Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Radiant Heating System
- Sewer Paid
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 6027
- Assessor Parcel Number 93294012
- $375 per year additional tax assessments
Community Details
Overview
- 49 Units
- Newport Bay Towers Association, Phone Number (714) 508-9070
- Optimum Professional Property Management HOA
- Newport Bay Towers Subdivision
- Maintained Community
Recreation
- Boat Dock
- Community Pool
- Water Sports
Security
- Card or Code Access
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2024
Closed on
Jul 11, 2024
Sold by
Nalesnik Stephanie Ann
Bought by
Nalesnik Jeffrey G
Seller's Agent
Allison Root
Compass
Buyer's Agent
Terri Wheeler
Corona Del Mar Properties Inc
List Price
$1,599,000
Sold Price
$1,599,000
Total Days on Market
30
Views
23
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
$32,125
Avg. Annual Appreciation
2.26%
Original Mortgage
$1,279,200
Outstanding Balance
$1,269,521
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$361,604
Purchase Details
Listed on
May 28, 2024
Closed on
Jul 2, 2024
Sold by
Whaley Family Trust and Whaley Jeffrey L
Bought by
Nalesnik Jeffrey G
Seller's Agent
Allison Root
Compass
Buyer's Agent
Terri Wheeler
Corona Del Mar Properties Inc
List Price
$1,599,000
Sold Price
$1,599,000
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,279,200
Outstanding Balance
$1,269,521
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$361,604
Purchase Details
Listed on
Feb 6, 2020
Closed on
Sep 1, 2021
Sold by
Orosz Kathryn Snyder and Snyder James Anthony
Bought by
Whaley Jeffrey L and Whaley Kay Ross
Seller's Agent
Allison Root
Compass
Buyer's Agent
Allison Root
Compass
List Price
$1,250,000
Sold Price
$1,250,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%
Original Mortgage
$1,000,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 15, 2017
Sold by
Orosz Kathryn Snyder
Bought by
Orosz Kathryn Snyder and Kathryn Snyder Orosz Trust
Purchase Details
Closed on
Dec 20, 2012
Sold by
Snyder Rose Mary
Bought by
Orosz Kathryn Snyder and Snyder Family Defective Grantor Trust
Similar Homes in the area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Wfg National Title | |
| Grant Deed | $1,599,000 | Wfg National Title | |
| Grant Deed | $1,250,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,279,200 | New Conventional | |
| Previous Owner | $1,000,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2024 07/22/24 | Sold | $1,599,000 | 0.0% | $1,196 / Sq Ft |
| 06/27/2024 06/27/24 | Pending | -- | -- | -- |
| 05/28/2024 05/28/24 | For Sale | $1,599,000 | +27.9% | $1,196 / Sq Ft |
| 09/30/2021 09/30/21 | Sold | $1,250,000 | 0.0% | $935 / Sq Ft |
| 08/21/2021 08/21/21 | Pending | -- | -- | -- |
| 08/18/2021 08/18/21 | For Sale | $1,250,000 | 0.0% | $935 / Sq Ft |
| 07/02/2020 07/02/20 | Off Market | $1,250,000 | -- | -- |
| 06/16/2020 06/16/20 | Rented | $4,000 | -99.6% | -- |
| 06/08/2020 06/08/20 | Under Contract | -- | -- | -- |
| 05/26/2020 05/26/20 | Price Changed | $1,100,000 | 0.0% | $823 / Sq Ft |
| 05/01/2020 05/01/20 | For Rent | $4,000 | 0.0% | -- |
| 02/06/2020 02/06/20 | For Sale | $1,185,000 | -- | $886 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $14,073 | $1,300,500 | $958,784 | $341,716 |
| 2023 | $13,741 | $1,275,000 | $939,984 | $335,016 |
| 2022 | $13,770 | $1,250,000 | $921,552 | $328,448 |
| 2021 | $2,415 | $161,927 | $39,165 | $122,762 |
| 2020 | $2,393 | $160,267 | $38,763 | $121,504 |
| 2019 | $2,367 | $157,125 | $38,003 | $119,122 |
| 2018 | $2,350 | $788,511 | $540,934 | $247,577 |
| 2017 | $2,313 | $151,025 | $36,527 | $114,498 |
| 2016 | $2,274 | $148,064 | $35,811 | $112,253 |
| 2015 | $2,273 | $145,840 | $35,273 | $110,567 |
| 2014 | $2,208 | $142,984 | $34,582 | $108,402 |
Source: Public Records
Agents Affiliated with this Home
-
Allison Root
Seller's Agent in 2024
Allison Root
Compass
(949) 554-1200
4 in this area
22 Total Sales
-
Terri Wheeler
Buyer's Agent in 2024
Terri Wheeler
Corona Del Mar Properties Inc
(949) 278-4574
1 in this area
14 Total Sales
-
T
Buyer's Agent in 2024
Terry Wheeler
Terry D Wheeler
-
Buyer's Agent in 2020
Karen rosenbaum
Coldwell Banker Realty
(949) 338-2002
About Newport Bay Towers
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24101652
APN: 932-940-12
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