NOT LISTED FOR SALE

3121 W Coast Hwy Unit 5B Newport Beach, CA 92663

Newport Heights Neighborhood

Estimated Value: $1,715,733 - $2,314,000

2 Beds
2 Baths
1,188 Sq Ft
$800/mo HOA Fee

Last Sold May 10, 2021

Last sale price $1,335,000 $1,124 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $12,947/month

26 Days on Market

Highlights

  • Boat Dock
  • Marina View
  • Fitness Center
  • Newport Heights Elementary Rated A
  • Boat Slip
  • Two Primary Bedrooms

About This Home

As of May 2021

5th floor, Harbor facing unit in one of the best kept secrets in Newport. Hiding in plain sight, "The Towers" is definitely not the old building that you THINK you know. Extensive renovation of the public spaces and an equity unlocking conversion from what was previously co-op ownership to now fee-simple, condominium ownership has meant a new beginning for this always under-appreciated gem. Drawn to the spectacular location at the head of the Turning Basin with its stunning views, modest dock fees and HOA dues, a "Renaissance by the Bay" is in full bloom here! New owners are purchasing and spending hundreds of thousand of dollars to customize and improve their spaces. With 5A, the unit next door, also currently available this unit offers the rare opportunity for an owner to combine 2 units in the A & B unit stacks into one penthouse like channel view unit, like those already combined on the 6th and 7th floor. Available now and easy to show! (Pictures to follow...) Do not miss!

Last Agent to Sell the Property

Steven Senigram

Keller Williams Larchmont License #01133383 Listed on: 02/21/2021

Keller Williams Larchmont

Co-Listed By

Horace Davenport

Keller Williams Larchmont License #01083856

Last Buyer's Agent

Jasmine Gokbilgin

Engel & Völkers Beverly Hills License #01368429

Engel & Völkers Beverly Hills

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,284

Year Built

  • Built in 1964

Lot Details

  • Home fronts a canal
  • West Facing Home

HOA Fees

  • $800 Monthly HOA Fees

Property Views

  • Marina
  • Coastline
  • Catalina
  • City Lights
  • Canal

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor

Interior Spaces

  • 1,188 Sq Ft Home
  • Built-In Features
  • Dining Area

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Covered Space
  • Covered Parking
  • Assigned Parking
  • Controlled Entrance

Outdoor Features

  • Boat Slip

Utilities

  • Radiant Heating System
  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 930-502-14

Community Details

Overview

  • 28 Units
  • 8-Story Property

Amenities

  • Community Fire Pit
  • Meeting Room
  • Laundry Facilities
  • Elevator

Recreation

  • Boat Dock
  • Fitness Center

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,284

Year Built

Built in 1964

Lot Details

0

HOA Fees

$800 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Newport Towers
  • Entry Floor: 5
  • Living Area: 1188
  • Planned Urban Dev: 0
  • Stories: 8
  • Unit Floor In Building: 5
  • Year Built: 1964
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Appliances: Built-Ins, Cooktop - Electric
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: 2 Master Bedrooms
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Remodeled
  • Laundry: Community
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Elevator, Garbage Disposal, Refrigerator
  • Price Per S Q F T: 1258.42

Exterior Features

  • Direction Faces: West
  • Other Features: Boat Slip
  • Pool: No
  • Spa Yn: No
  • View: Canal, Catalina, City Lights, Coastline
  • View: Yes
  • Waterfront: Canal, Marina

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Assigned, Controlled Entrance, Covered Parking
  • Total Parking: 1

Utilities

  • Heating: Radiant
  • Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector
  • Sewer: In Connected and Paid
  • Water: District

Association/Amenities

  • Amenities: Dock, Controlled Access, Conference, Elevator, Exercise Room, Fire Pit
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 800.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 930-502-14

Multi Family

  • Number Of Units: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2023
Sold by
Curukcuyan Family Trust
Bought by
Eyc & Hjc Llc
Current Estimated Value
$2,050,683

Purchase Details

Listed on
Feb 21, 2021
Closed on
Apr 19, 2021
Sold by
Arcadian Homes Corp
Bought by
Curukcuyan Yervant Edward and Curukcuyan Hasmik Jasman
Seller's Agent
Steven Senigram
Keller Williams Larchmont
Buyer's Agent
Jasmine Gokbilgin
Engel & Völkers Beverly Hills
List Price
$1,495,000
Sold Price
$1,335,000
Premium/Discount to List
-$160,000
-10.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
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 Buyer Sale Price Title Company
Eyc & Hjc Llc -- Chicago Title Company
Curukcuyan Yervant Edward $1,335,000 North American Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $1,335,000 -10.7% $1,124 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
02/21/2021 02/21/21 For Sale $1,495,000 -- $1,258 / Sq Ft
Source: The MLS

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 $15,284 $1,445,046 $1,289,832 $155,214
2024 $15,284 $1,416,712 $1,264,541 $152,171
2023 $14,924 $1,388,934 $1,239,746 $149,188
2022 $14,674 $1,361,700 $1,215,437 $146,263
2021 $8,992 $821,514 $418,446 $403,068
2020 $8,905 $813,091 $414,155 $398,936
2019 $8,725 $797,149 $406,035 $391,114
2018 $8,553 $781,519 $398,073 $383,446
2017 $8,402 $766,196 $390,268 $375,928
2016 $8,216 $751,173 $382,616 $368,557
2015 $8,137 $739,890 $376,869 $363,021
Source: Public Records

Agents Affiliated with this Home

  • Steven Senigram

    Seller's Agent in 2021

    Steven Senigram

    Keller Williams Larchmont

    (323) 828-3800

    3 in this area

    33 Total Sales

    Steven Senigram
    Section Image

  • H

    Seller Co-Listing Agent in 2021

    Horace Davenport

    Keller Williams Larchmont

    (323) 762-2600

    3 in this area

    28 Total Sales

    Horace Davenport
    Section Image
  • Jasmine Gokbilgin

    Buyer's Agent in 2021

    Jasmine Gokbilgin

    Engel & Völkers Beverly Hills

    (424) 230-4833

    3 in this area

    6 Total Sales

    Jasmine Gokbilgin
    Section Image
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Map

Source: The MLS

MLS Number: 21-695908

The MLS

APN: 930-502-14

California Orange County Newport Beach 92663 Newport Heights

3121 W Coast Hwy Unit 5B, Newport Beach, CA

This home is located at 3121 W Coast Hwy Unit 5B, Newport Beach, CA 92663 since 21 February 2021 and is currently estimated at $2,050,683, approximately $1,726 per square foot. This property was built in 1964. 3121 W Coast Hwy Unit 5B is a home located in Orange County with nearby schools including Newport Heights Elementary, Horace Ensign Intermediate School, and Newport Harbor High School.

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