NOT LISTED FOR SALE

Estimated Value: $3,749,913 - $5,479,000

3 Beds
3 Baths
1,926 Sq Ft
$2,516/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $2,500,000 $1,298 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $28,111/month

35 Days on Market

Highlights

  • Private Dock Site
  • Water Views
  • All Bedrooms Downstairs
  • Newport Elementary School Rated A
  • Boat Slip
  • 2-minute walk to 38th Street Park

About This Home

As of November 2016

An incredible opportunity to live in a Newport Beach waterfront, single level home, sitting on an oversized, R2 zoned 42ft wide lot (lot and a half), with it’s own private dock. As you enter the private courtyard you are met with a unique Casita, which has a 3/4 bath and wet bar. The Casita can be used as a guest room, an open entertaining area, or as an office. The main home has an expansive open floor plan filled with natural light which leads to patio that is perfect for entertaining and dinner parties. The waterfront patio gives that natural resort-like feel with passing gondolas and ocean breezes. You will feel like you are on vacation year round, with the beach a short 3 minute walk away; plentiful choices of restaurants just a quick walk, bike, or boat ride away.

Last Agent to Sell the Property

Chandler Bell

Compass License #01941440 Listed on: 08/29/2016

Compass

Co-Listed By

James Gray

Arbor Real Estate License #01065395

Last Buyer's Agent

Jon Flagg

Pacific Sotheby's Int'l Realty License #01316048

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,251

Year Built

  • Built in 1940

Lot Details

  • 4,075

Parking

  • 2 Car Garage
  • Parking Available

Interior Spaces

  • 1,926 Sq Ft Home
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Water Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Full Bathrooms

Outdoor Features

  • Boat Slip
  • Private Dock Site

Additional Features

  • 4,075 Sq Ft Lot
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 164
  • Assessor Parcel Number 42337103

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,251

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 42337103
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1926.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1298.03
  • Room Type: All Bedrooms Down

Exterior Features

  • Exterior Features: Boat Slip, Dock Private
  • View: Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 4075.00
  • Price Per Lot Square Foot: 650.06

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2016
Closed on
Dec 22, 2016
Sold by
Colvin Allan and Colvin Diane
Bought by
Colvin Allan and Colvin Diane
Seller's Agent
Chandler Bell
Compass
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$2,649,000
Sold Price
$2,500,000
Premium/Discount to List
-$149,000
-5.62%
Current Estimated Value
$4,845,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,345,728
Avg. Annual Appreciation
7.44%

Purchase Details

Listed on
Aug 29, 2016
Closed on
Sep 30, 2016
Sold by
Chiapuzio Ronald and Chiapuzio Diane
Bought by
Colvin Alan and Colvin Diane
Seller's Agent
Chandler Bell
Compass
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$2,649,000
Sold Price
$2,500,000
Premium/Discount to List
-$149,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 22, 2003
Sold by
Chiapuzio Diane J
Bought by
Chiapuzio Ronald L and Chiapuzio Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,600
Interest Rate
4.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 3, 1999
Sold by
Chiapuzio Ronald L
Bought by
Chiapuzio Diane J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.5%

Purchase Details

Closed on
Jul 30, 1999
Sold by
Chiapuzio Diane J
Bought by
Chiapuzio Ronald Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Colvin Allan -- Accommodation
Colvin Alan $2,500,000 California Title Company
Chiapuzio Ronald L -- --
Chiapuzio Diane J -- --
Chiapuzio Ronald Lee -- Benefit Land Title Company
Chiapuzio Ronald Lee $650,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colvin Allan $1,615,500
Previous Owner Colvin Alan $1,750,000
Previous Owner Chiapuzio Ronald L $100,000
Previous Owner Chiapuzio Ronald L $250,000
Previous Owner Chiapuzio Ronald L $900,000
Previous Owner Chiapuzio Ronald L $712,600
Previous Owner Chiapuzio Ronald Lee $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2016 11/23/16 Sold $2,500,000 -5.6% $1,298 / Sq Ft
10/03/2016 10/03/16 Pending -- -- --
08/29/2016 08/29/16 For Sale $2,649,000 -- $1,375 / 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 $30,251 $2,901,463 $2,839,733 $61,730
2024 $30,251 $2,844,572 $2,784,052 $60,520
2023 $29,542 $2,788,797 $2,729,463 $59,334
2022 $29,052 $2,734,115 $2,675,944 $58,171
2021 $28,493 $2,680,505 $2,623,474 $57,031
2020 $28,219 $2,653,020 $2,596,573 $56,447
2019 $27,631 $2,601,000 $2,545,659 $55,341
2018 $27,079 $2,550,000 $2,495,744 $54,256
2017 $26,598 $2,500,000 $2,446,807 $53,193
2016 $9,131 $843,926 $791,470 $52,456
2015 $9,043 $831,250 $779,581 $51,669
2014 $8,829 $814,967 $764,310 $50,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16190512

California Regional Multiple Listing Service (CRMLS)

APN: 423-371-03