NOT LISTED FOR SALE

Estimated Value: $910,000 - $1,061,334

3 Beds
2.5 Baths
1,441 Sq Ft
$575/mo HOA Fee

Last Sold May 25, 2022

Last sale price $914,000 $634 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,932/month

8 Days on Market

Highlights

  • Heated In Ground Pool
  • No Units Above
  • Updated Kitchen
  • Victoria Elementary School Rated A-
  • View of Trees or Woods
  • Granite Countertops

About This Home

As of May 2022

Welcome home to this tastefully remodeled end-unit condo in the highly desirable community of Newport Terrace. Located on the bluffs above Talbert Regional Park and the Santa Ana River trail, this 3-bedroom 2.5 bath home is move-in ready. True pride of ownership with an extensive list of upgrades including a full kitchen remodel with new cabinetry, matte granite countertops, built in pantry shelving, new subway tile backsplash, as well as new high-end appliances. All bathrooms have been fully remodeled with custom cabinetry and countertops, new acrylic finish on the secondary bathtub, and the primary bathroom shower has been redone to include Carrara Marble. All new electrical outlets with dimmable switches & recessed lighting, crown molding & new vinyl windows throughout. New natural wood-like laminate flooring, Shiplap walls in the bedrooms & a walk-in closet with built-ins, barn doors & vaulted ceilings in the primary bedroom. Custom stair railings, enclosed space under the stairs with cabinetry for storage, as well as additional storage in the first-floor bathroom & the rough finished attic space. The garage has been finished with all new electrical and a new furnace was installed within the last year. A quaint and private patio off the kitchen leads to direct garage access, along with a single carport. Close proximity to the community pool & spa area that includes multiple BBQ's, along with a sports court in the community. For any nature lover, this is a perfect place to call home, with numerous hiking & biking trails that can have you at the beach in minutes. Wonderful shopping & dining close by and easy access to John Wayne Airport and the 55 & 405 freeways. Come see this Turnkey Newport Beach home, you won't be disappointed.

Last Agent to Sell the Property

Jim Knoska

Beach Cities Real Estate License #01753411 Listed on: 03/24/2022

Last Buyer's Agent

Jim Knoska

Beach Cities Real Estate License #01753411 Listed on: 03/24/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,566

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall

HOA Fees

  • $575 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Carport Space
  • Parking Available

Property Views

  • Woods
  • Park or Greenbelt
  • Neighborhood

Home Design

  • Turnkey

Interior Spaces

  • 1,441 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Living Room
  • Dining Room

Kitchen

  • Updated Kitchen
  • Gas Oven
  • Six Burner Stove
  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Upgraded Bathroom
  • <<tubWithShowerToken>>
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Enclosed patio or porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 8835
  • Assessor Parcel Number 93338345
  • $360 per year additional tax assessments

Community Details

Overview

  • 281 Units
  • Newport Terrace Association, Phone Number (949) 372-4040
  • Powerstone HOA
  • Newport Terrace Subdivision
  • Maintained Community
  • Property is near a preserve or public land

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill

Recreation

  • Sport Court
  • Community Pool
  • Community Spa
  • Park
  • Hiking Trails
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,566

Year Built

Built in 1978 | Remodeled

Lot Details

0

HOA Fees

$575 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Newport Terrace (NEWT)
  • View: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93338345
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1441.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 634.28
  • Room Type: All Bedrooms Up, Living Room, Walk-In Closet
  • Spa Features: Association, Community, In Ground
  • Window Features: Insulated Windows
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Upgraded
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Neighborhood, Park/Greenbelt, Trees/Woods
  • Patio And Porch Features: Enclosed
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Garage, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Gas Oven, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Sport Court, Hiking Trails, Maintenance Grounds, Trash, Pets Permitted, Management
  • Association Fee: 575.00
  • Association Fee Frequency: Monthly
  • Association Name: Newport Terrace
  • Phone: 949-372-4040
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Hiking, Gutters, Park, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights
  • Association Management: Powerstone

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 281
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 636.01
  • Tax Lot: 5
  • Tax Tract Number: 8835
  • TaxOtherAnnualAssessmentAmount: 360.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2018
Sold by
Reid Kerri A
Bought by
Reid Kenneth William and The K&K Family Trust
Current Estimated Value
$991,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2017
Sold by
Reid Kenneth William
Bought by
Reid Kenneth William and K&K Reid Family Trust

Purchase Details

Closed on
Jul 23, 2015
Sold by
Reid Janelle Samantha
Bought by
Reid Kenneth William and Kenneth W Reid Trust

Purchase Details

Closed on
Jul 22, 2015
Sold by
Reid Kenneth Randall
Bought by
Reid Janelle Samantha

Purchase Details

Closed on
Jul 21, 2015
Sold by
Schabarum James Peter and Schabarum Jeanne Denend
Bought by
Reid Janelle Samantha

Purchase Details

Closed on
Nov 15, 2013
Sold by
Reid Janelle Samantha and Schabarum James Peter
Bought by
Schabarum James Peter and Schabarum Jeanne Denend

Purchase Details

Closed on
Apr 20, 2010
Sold by
Schabarum James Peter and Schabarum Jeanne Denend
Bought by
Schabarum James Peter and Schabarum Jeanne Denend

Purchase Details

Closed on
Aug 25, 2004
Sold by
Schabarum James P and Schabarum Jeanne D
Bought by
Schabarum James P and Schabarum Jeanne D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,900
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1999
Sold by
Mallamo Joseph T and Mallamo Deborah
Bought by
Schabarum I James P and Schabarum Jeanne D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
7.64%

Purchase Details

Closed on
Jul 23, 1999
Sold by
Tanner Judith A and Tanner Betty Sally
Bought by
Mallamo Joseph T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
7.64%
Source: Public Records

Range of Values:

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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
Reid Kenneth William -- Lawyers Title Co
Reid Kenneth William -- None Available
Reid Kenneth William -- None Available
Reid Kenneth William -- None Available
Reid Janelle Samantha -- Chicago Title Inland Empire
Reid Janelle Samantha -- None Available
Schabarum James Peter -- None Available
Reid Janelle Samantha -- None Available
Schabarum James Peter -- None Available
Schabarum James P -- Fidelity National Financial
Schabarum I James P $173,000 First American Title Ins Co
Mallamo Joseph T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reid Kenneth William $442,000
Closed The K & K Reid Family Trust $447,000
Closed Reid Kenneth William $441,000
Previous Owner Schabarum James P $352,900
Previous Owner Schabarum James P $134,432
Previous Owner Schabarum I James P $138,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $914,000 +1.6% $634 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $899,900 -- $624 / 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
2024 $10,566 $950,925 $844,840 $106,085
2023 $10,437 $932,280 $828,275 $104,005
2022 $4,309 $362,323 $261,737 $100,586
2021 $4,024 $355,219 $256,605 $98,614
2020 $3,984 $351,577 $253,974 $97,603
2019 $3,906 $344,684 $248,994 $95,690
2018 $3,829 $337,926 $244,112 $93,814
2017 $3,835 $331,300 $239,325 $91,975
2016 $3,752 $324,804 $234,632 $90,172
2015 $2,599 $221,234 $129,376 $91,858
2014 $2,538 $216,901 $126,842 $90,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22057619

California Regional Multiple Listing Service (CRMLS)

APN: 933-383-45