NOT LISTED FOR SALE

313 E Bay Ave Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $2,767,000 - $3,647,000

4 Beds
2 Baths
1,400 Sq Ft
$2,290/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $1,345,000 $961 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $18,023/month

44 Days on Market

Highlights

  • Bay View
  • Updated Kitchen
  • No HOA
  • Newport Elementary School Rated A
  • Granite Countertops
  • Cottage

About This Home

As of July 2014

With views of the bay and just steps to the beach this Peninsula duplex might be just what you are looking for. Upper owners unit is an inviting 2 bed/1 bath with an expansive veranda and a beautiful vignette view of Newport Bay. The kitchen is open to the living room and complete with granite counters, recessed lighting and an island. Both bedrooms are sized for a queen bed and offer ample closet space. Lower unit is recently remodeled and is a 2 bed/1 bath. It has a landscaped stained concrete patio with and partial views of the bay. Off the lower patio is a gated side yard perfect for storing kayaks, SUPs, surfboards, and bikes. Kitchen features granite counters, stainless sink, new appliances, under cabinet lighting and maple shaker cabinets. Bathroom has a granite vanity top and beautiful tiled shower complete with frameless glass shower door. The oversize garage has room for 2 cars with auto openers and additional storage and newer stacking washer/dryer. Just a short walk to the ferry for shopping and dinner on Balboa Island, a stroll through Balboa Village or a walk to the end of the Pier. You can even launch your stand up paddle board a few steps down the street. Located in the heart of Newport Beach this property with an oversized lot has it all!

Last Agent to Sell the Property

Blake Nicolai

Re/Max R. E. Specialists License #01896527 Listed on: 04/23/2014

Re/Max R. E. Specialists

Last Buyer's Agent

Kevin Klein

Premier Realty Services License #01501774

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • Bay
  • Harbor

Home Design

  • Cottage
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • French Doors
  • Family Room Off Kitchen
  • Living Room
  • Tile Flooring

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Mirrored Closets Doors
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 510 / 3
  • Tax Tract Number 12
  • Assessor Parcel Number 04809207

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Stacking washer/dryer, Refrigerator, and 4 large pots on patio
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 04809207
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: French Doors, Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 960.71
  • Room Type: Living Room
  • Window Features: Blinds, Double Pane Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • View: Bay, Harbor
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Lap Siding, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size: 30+ x 80+
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 3
  • Tax Lot: 510
  • Tax Tract Number: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2016
Sold by
Sandland Scott D and Sandland Meredith M
Bought by
The Sandland Family Trust
Current Estimated Value
$3,206,530

Purchase Details

Listed on
Apr 23, 2014
Closed on
Jun 24, 2014
Sold by
Robertson William
Bought by
Sandland Meredith M and Sandland Scott D
Seller's Agent
Blake Nicolai
Re/Max R. E. Specialists
Buyer's Agent
Kevin Klein
Premier Realty Services
List Price
$1,490,000
Sold Price
$1,345,000
Premium/Discount to List
-$145,000
-9.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.81%
Original Mortgage
$874,000
Outstanding Balance
$662,021
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$2,544,509

Purchase Details

Closed on
Sep 28, 2011
Sold by
Norris Linda Anne
Bought by
Robertson Billy and Robertson Danielle

Purchase Details

Closed on
Aug 28, 1995
Sold by
Switzer Laura Mae and Roachelle Glenda L
Bought by
Norris Linda Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
7.88%

Purchase Details

Closed on
Jan 31, 1994
Sold by
Switzer Laura M and Roachelle Glenda L
Bought by
Switzer Laura Mae and Roachelle Glenda L
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 Sandland Family Trust -- None Available
Sandland Meredith M $1,345,000 Ticor Title
Robertson Billy $825,000 North American Title
Norris Linda Anne $310,000 North American Title Co
Switzer Laura Mae -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandland Meredith M $874,000
Previous Owner Norris Linda Anne $279,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2014 07/03/14 Sold $1,345,000 -9.7% $961 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
04/23/2014 04/23/14 For Sale $1,490,000 -- $1,064 / 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 $17,069 $1,616,484 $1,556,904 $59,580
2024 $17,069 $1,584,789 $1,526,377 $58,412
2023 $16,668 $1,553,715 $1,496,448 $57,267
2022 $17,171 $1,523,250 $1,467,105 $56,145
2021 $17,082 $1,493,383 $1,438,338 $55,045
2020 $16,925 $1,478,071 $1,423,590 $54,481
2019 $16,628 $1,449,090 $1,395,677 $53,413
2018 $16,434 $1,420,677 $1,368,311 $52,366
2017 $16,155 $1,392,821 $1,341,481 $51,340
2016 $15,738 $1,365,511 $1,315,177 $50,334
2015 $15,627 $1,345,000 $1,295,422 $49,578
2014 $10,350 $845,320 $799,291 $46,029
Source: Public Records

Agents Affiliated with this Home

  • Blake Nicolai

    Seller's Agent in 2014

    Blake Nicolai

    RE/MAX

    (562) 248-2983

    53 Total Sales

    Blake Nicolai
    Section Image
  • Kevin Klein

    Buyer's Agent in 2014

    Kevin Klein

    Premier Realty Services

    (949) 500-6406

    16 Total Sales

    Kevin Klein
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14083492

California Regional Multiple Listing Service (CRMLS)

APN: 048-092-07

California Orange County Newport Beach 92661 Central Newport Beach

313 E Bay Ave, Newport Beach, CA

Not Listed for Sale

MultiFamily

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