Seller's Agent in 2013
Jeff Stokes
Berkshire Hathaway HomeService
(949) 355-3361
31 Total Sales
3430 Irvine Ave Newport Beach, CA 92660
Bayview NeighborhoodEstimated Value: $3,119,148
7
Beds
6
Baths
5,148
Sq Ft
$606/Sq Ft
Est. Value
Highlights
- Gated Parking
- 0.42 Acre Lot
- Wood Siding
- Mariners Elementary School Rated A
- Guest Parking
- Heating System Uses Natural Gas
About This Home
As of April 2013Large deep lot near the Orange County airport. Four residential units plus one commercial unit in front. Commercial unit (just leased for ten years). Residential units are long term tenants - rents are below market but month to month. Each res. unit has a carport. Eazy access to 73, 55 and 405 freeways and airport. Commercial unit was remodeled and updated a few years ago - currently set up with a reception area, conference room, private office and large work area plus 1.5 baths and kitchen. Plenty of off street parking. 8 rear parking spaces behind the units. 4 covered spaces. 3 office spaces - one handicap near front of building. Carports could be converted to garages for added income. Lots of potential. Drive by only. Do not disturb tenants! Long term tenants all below market rents.
Last Agent to Sell the Property
Berkshire Hathaway HomeService License #00853601 Listed on: 09/09/2011
Co-Listed By
Burr Baldwin
CALI DREAM HOMES License #00471622
Last Buyer's Agent
Berkshire Hathaway HomeService License #00853601 Listed on: 09/09/2011
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,411
Year Built
- Built in 1945
Lot Details
- 0.42 Acre Lot
- Lot Dimensions are 66 x 280
Home Design
- Shingle Roof
- Wood Siding
- Stucco
Interior Spaces
- 5,148 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Parking
- 15 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Gated Parking
- Paved Parking
- Guest Parking
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 6
- Tax Tract Number 706
- Assessor Parcel Number 43936206
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,440
- Insurance Expense $1,951
- Trash Expense $2,700
- Water Sewer Expense $384
- New Taxes Expense $16,000
- Gross Income $6,540
- Net Operating Income $56,005
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2011
Closed on
Mar 28, 2013
Sold by
Johnson Gregory A
Bought by
Johnson Gregory A and Johnson Jaclyn H
Seller's Agent
Jeff Stokes
Berkshire Hathaway HomeService
Buyer's Agent
Jeff Stokes
Berkshire Hathaway HomeService
List Price
$1,800,000
Sold Price
$1,330,000
Premium/Discount to List
-$470,000
-26.11%
Total Days on Market
524
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,789,148
Avg. Annual Appreciation
7.24%
Purchase Details
Listed on
Sep 9, 2011
Closed on
Mar 8, 2013
Sold by
Lo Francis
Bought by
Lo Francis and Lee Samantha
Seller's Agent
Jeff Stokes
Berkshire Hathaway HomeService
Buyer's Agent
Jeff Stokes
Berkshire Hathaway HomeService
List Price
$1,800,000
Sold Price
$1,330,000
Premium/Discount to List
-$470,000
-26.11%
Purchase Details
Listed on
Sep 9, 2011
Closed on
Mar 6, 2013
Sold by
Lo Francis and Lee Samantha
Bought by
Johnson Gregory A
Seller's Agent
Jeff Stokes
Berkshire Hathaway HomeService
Buyer's Agent
Jeff Stokes
Berkshire Hathaway HomeService
List Price
$1,800,000
Sold Price
$1,330,000
Premium/Discount to List
-$470,000
-26.11%
Purchase Details
Listed on
Sep 9, 2011
Closed on
Feb 21, 2013
Sold by
Irvine Newport Partners
Bought by
Lo Francis
Seller's Agent
Jeff Stokes
Berkshire Hathaway HomeService
Buyer's Agent
Jeff Stokes
Berkshire Hathaway HomeService
List Price
$1,800,000
Sold Price
$1,330,000
Premium/Discount to List
-$470,000
-26.11%
Purchase Details
Closed on
Apr 24, 2010
Sold by
Lo Francis and Lee Samantha
Bought by
Irvine Newport Partners
Purchase Details
Closed on
Jun 29, 2007
Sold by
Irvine Newport Partners
Bought by
Lo Francis and Lee Samantha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
6.21%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 24, 1999
Sold by
Paul Koshi
Bought by
Irvine Newport Partners
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 6, 1995
Sold by
Lo Francis
Bought by
Koshi Paul Y
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
9.03%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Johnson Gregory A | -- | Accommodation | |
| Johnson Gregory A | -- | Equity Title | |
| Lo Francis | -- | Equity Title | |
| Johnson Gregory A | $1,330,000 | Equity Title | |
| Lo Francis | -- | Equity Title | |
| Irvine Newport Partners | -- | None Available | |
| Lo Francis | -- | Investors Title Company | |
| Irvine Newport Partners | -- | Investors Title Company | |
| Koshi Paul Y | -- | World Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lo Francis | $575,000 | |
| Previous Owner | Irvine Newport Partners | $680,000 | |
| Previous Owner | Irvine Newport Partners | $480,000 | |
| Previous Owner | Koshi Paul Y | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2013 04/01/13 | Sold | $1,330,000 | -26.1% | $258 / Sq Ft |
| 02/14/2013 02/14/13 | Pending | -- | -- | -- |
| 09/09/2011 09/09/11 | For Sale | $1,800,000 | -- | $350 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $18,411 | $1,605,681 | $1,364,228 | $241,453 |
| 2023 | $17,982 | $1,574,198 | $1,337,479 | $236,719 |
| 2022 | $17,615 | $1,543,332 | $1,311,254 | $232,078 |
| 2021 | $17,177 | $1,513,071 | $1,285,543 | $227,528 |
| 2020 | $17,014 | $1,497,557 | $1,272,362 | $225,195 |
| 2019 | $16,682 | $1,468,194 | $1,247,414 | $220,780 |
| 2018 | $16,361 | $1,439,406 | $1,222,955 | $216,451 |
| 2017 | $16,080 | $1,411,183 | $1,198,976 | $212,207 |
| 2016 | $15,727 | $1,383,513 | $1,175,466 | $208,047 |
| 2015 | $15,572 | $1,362,732 | $1,157,810 | $204,922 |
| 2014 | $15,209 | $1,336,038 | $1,135,130 | $200,908 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Stokes
-
Seller Co-Listing Agent in 2013
Burr Baldwin
CALI DREAM HOMES
(949) 370-2501
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: U11003864
APN: 439-362-06
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