NOT LISTED FOR SALE

Estimated Value: $2,086,960 - $7,420,000

2 Beds
1.5 Baths
975 Sq Ft
$4,712/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $1,200,000 $1,231 Per Sq Ft

Est. 283% increase in value since last sale

Current estimated payment $24,567/month

20 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • Laundry Room
  • Newport Elementary School Rated A
  • Living Room
  • 3-minute walk to 38th Street Park

About This Home

As of July 2017

This vintage cottage is just a stone's throw from a peaceful canal known as the Rivo Alto Channel, and only two blocks from the beach. Rebuild Plans for a Single Family Residence are in the final phase of sign-off with the Coastal Commission and City of Newport Beach. Launch paddleboards and kayaks just steps away from your front door, walk two blocks to catch some of the best local surf, or enjoy picturesque sunsets. The hidden gem neighborhood is undergoing a major renewal. Vintage cottages and older duplexes continue to be replaced by modern day new builds, as the entire Balboa Peninsula moves forward with its major beautification process. This area is still considered 'affordable', but property values are on the upswing here, so now is the time to buy! Leave your car in the garage on weekends and during the summer months, as it's all within a walk or bicycle ride away; family parks, popular fine dining, market, quaint boutiques, art galleries, restaurants and more in Lido Marina or Cannery Villages, the magnificent Marina Park and Balboa Fun Zone. This is a chance to acquire your own slice of paradise and create the perfect Newport Beach Lifestyle!

Last Agent to Sell the Property

Marie Little

Arbor Real Estate License #01506191 Listed on: 06/01/2017

Arbor Real Estate

Last Buyer's Agent

Outside Agent

Newport Beach Assoc of Realto License #000000000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 2,375 Sq Ft Lot
  • Value in Land
  • Tear Down

Parking

  • 1 Car Garage

Interior Spaces

  • 975 Sq Ft Home
  • 2-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Schools

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

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 418
  • Assessor Parcel Number 42337402

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

2,375 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42337402
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 975.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1230.77
  • Room Type: Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights

Schools

  • 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: Tear Down, Value In Land
  • Lot Size Sq Ft: 2375.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 7
  • Tax Tract Number: 418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2019
Sold by
Patterson Andrew
Bought by
The Patterson Family Trust
Current Estimated Value
$4,594,240

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
Outstanding Balance
$703,342
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,890,898

Purchase Details

Closed on
Sep 18, 2017
Sold by
Patterson Shannon
Bought by
Patterson Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,249,603
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,344,637

Purchase Details

Listed on
Jun 1, 2017
Closed on
Jul 3, 2017
Sold by
Salazar Michael B and Salazar Alexis Erica
Bought by
Patterson Andrew
Seller's Agent
Marie Little
Arbor Real Estate
Buyer's Agent
Outside Agent
Newport Beach Assoc of Realto
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.85%

Purchase Details

Closed on
May 2, 2013
Sold by
Salazar Michael B and Salazar Linda C
Bought by
Salazar Michael B and Salazar Alexis Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2010
Sold by
Salazar Bernard S
Bought by
Salazar Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,499
Interest Rate
4.26%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 23, 2010
Sold by
Reo Partners Llc
Bought by
Salazar Michael B and Salazar Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,499
Interest Rate
4.26%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2010
Sold by
Smith Belinda
Bought by
Reo Partners Llc

Purchase Details

Closed on
Jun 4, 2008
Sold by
Smith Belinda
Bought by
Smith Belinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.05%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 30, 2006
Sold by
Smith Cortez C
Bought by
Smith Cortez C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Patterson Family Trust -- First American Title Hsd
The Patterson Family Trust -- First American Title Hsd
Patterson Andrew -- North American Title Co Inc
Patterson Andrew $1,170,000 North American Title Company
Salazar Michael B -- Lawyers Title
Salazar Linda C -- First American Title Company
Salazar Michael B $715,000 Fatcola
Reo Partners Llc -- First Amer Title Co Of La
Smith Belinda -- Civic Center Title Services
Smith Cortez C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Patterson Family Trust $800,000
Open Patterson Andrew $1,500,000
Previous Owner Salazar Michael B $672,000
Previous Owner Salazar Michael B $705,499
Previous Owner Smith Belinda $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $1,200,000 -7.7% $1,231 / Sq Ft
06/21/2017 06/21/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $1,300,000 -- $1,333 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,636 $1,072,285 $648,156 $424,129
2024 $11,450 $1,051,260 $635,447 $415,813
2023 $11,180 $1,030,648 $622,988 $407,660
2022 $10,992 $1,010,440 $610,773 $399,667
2021 $10,783 $990,628 $598,797 $391,831
2019 $15,412 $1,411,475 $1,162,074 $249,401
2018 $12,651 $1,170,000 $1,139,289 $30,711
2017 $8,661 $789,292 $756,846 $32,446
2016 $8,469 $773,816 $742,006 $31,810
2015 $8,388 $762,193 $730,860 $31,333
2014 $8,191 $825,674 $796,041 $29,633
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17121750

California Regional Multiple Listing Service (CRMLS)

APN: 935-880-20

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