$1,250,000
SOLD SEP 30, 2021
2 Beds
2 Baths
1,337 Sq Ft
$883/mo HOA Fee

Recently Sold

$935 Per Sq Ft

562 Days on Market

Highlights

  • Boat Dock
  • Home fronts a seawall
  • Fishing
  • Newport Elementary School Rated A
  • In Ground Pool
  • Bay View

About This Home

As of July 2024

Located in the newly renovated, bay front Newport Bay Towers this 2 bedroom, 2 bath luxury condo offers a spacious floor plan and beautiful bay views. Recently remodeled the open kitchen boasts quartz countertops, stainless steel appliances and bar seating. With wood look tile flooring throughout the entire unit and bright white quartz countertops in both bathrooms the serene color palette emulates coastal California living. Situated on the first level this unit has a large patio and direct access to the resort style pool. A secondary patio is accessible from the master bedroom. The secure building offers subterranean parking and this particular unit has one parking space below and one on the street level. The community owned dock space can accommodate a Duffy or a boat up to 65 feet homeowners have the benefit of discounted slip fees. Phase One, Two and Three of the building remodel has been completed including the lobby, hallways, common pool area and the rooftop deck. The building is within close proximity to the Fun Zone, restaurants, beaches and Balboa Island, this turn key home is ideal for part time or full time residents.

Last Agent to Sell the Property

Allison Root

Compass License #01368988 Listed on: 02/06/2020

Compass

Last Buyer's Agent

Allison Root

Compass License #01368988 Listed on: 02/06/2020

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,073

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • Home fronts a seawall
  • Property Fronts a Bay or Harbor
  • Property fronts an alley
  • Two or More Common Walls
  • Security Fence
  • Density is over 40 Units/Acre

HOA Fees

  • $883 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Automatic Gate
  • Parking Lot
  • Community Parking Structure

Property Views

  • Bay
  • Harbor
  • City Lights

Home Design

  • Midcentury Modern Architecture
  • Flat Roof Shape
  • Block Foundation
  • Cement Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,337 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Sliding Doors
  • Living Room with Attached Deck
  • Dining Room
  • Tile Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Double Oven
  • Six Burner Stove
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Home Security

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps
  • Accessible Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Open Patio
  • Exterior Lighting

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 6027
  • Assessor Parcel Number 93294012

Community Details

Overview

  • 49 Units
  • Newport Bay HOA, Phone Number (949) 215-8485
  • Maintained Community

Amenities

  • Laundry Facilities

Recreation

  • Boat Dock
  • Community Pool
  • Fishing
  • Water Sports

Security

  • Security Service
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,073

Year Built

Built in 1963 | Remodeled

Lot Details

0

HOA Fees

$883 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93294012
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1337.00 Square Feet
  • Interior Amenities: Elevator, Living Room Deck Attached, Open Floorplan, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Accessibility Features: Accessible Elevator Installed, No Interior Steps, Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 934.93
  • Room Type: Kitchen, Living Room, Master Suite, Walk-In Closet
  • Bathroom Features: Shower In Tub, Double Sinks In Master Bath, Quartz Counters, Remodeled, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Block
  • Exterior Features: Lighting
  • View: Bay, City Lights, Harbor
  • Fence: Yes
  • Fencing: Security
  • Patio And Porch Features: Patio Open
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Cement Siding, Concrete, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage, Direct Garage Access, Gated, Parking Space, Private, Structure, Subterranean
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Double Oven, Disposal, Microwave, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Dock, Maintenance Grounds, Trash, Sewer, Water, Security
  • Association Fee: 883.17
  • Association Fee Frequency: Monthly
  • Association Name: Newport Bay HOA
  • Phone: 949-215-8485
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Fishing, Watersports, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Over 40 Units/Acre, Walkstreet

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 49
  • Number Of Units Total: 49
  • Waterfront Features: Bay Front, Seawall

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 6027

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
HomeSmart, Evergreen Realty
List Price
$1,599,000
Sold Price
$1,599,000
Views
23
Current Estimated Value
$1,785,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,756
Avg. Annual Appreciation
4.04%
Original Mortgage
$1,279,200
Outstanding Balance
$1,269,521
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$403,394

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
HomeSmart, Evergreen Realty
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
$403,394

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
Source: Public Records

Range of Values:

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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 -- 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

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 $14,073 $1,599,000 $1,204,232 $394,768
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20026058

California Regional Multiple Listing Service (CRMLS)

APN: 932-940-12