NOT LISTED FOR SALE

Estimated Value: $1,868,000 - $2,285,000

3 Beds
2.5 Baths
1,688 Sq Ft
$1,194/Sq Ft Est. Value

Last Sold October 23, 2012

Last sale price $760,000 $450 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $12,043/month

117 Days on Market

Highlights

  • Private Pool
  • Primary Bedroom Suite
  • Mediterranean Architecture
  • Eastbluff Elementary School Rated A
  • Gated Community
  • 3-minute walk to Bayview Park

About This Home

As of October 2012

Newport Beach Back Bay's Finest! BAYVIEW TERRACE. Newport Beach BEST Buy and BEST kept secret! AN ABSOLUTE VALUE! Priced Below market to sell! YOU CANNOT FIND ANOTHER AFFORDABLY PRICED SFR HOUSE LIKE THIS IN NEWPORT BEACH. The Only home for sale in this community. PRIVATE PRIME LOCATION & EVER SO CLEAN GATED COMMUNITY W/ AMENITIES & low ASSOC DUES OF only $190 & NO MELLO ROOS TAX. Nearing $150,000.00 in Hi quality upgrades with ALL new kitchen, bath, custom energy efficient dual Payne doors & windows, lighting, garage, shutters & superbly landscaped yard. Low maintenance! Beautifully upgraded Move in Condition House. Gated community. Community pool, spa on the Equestrian serene Back Bay w/ walking trails next to a City 5 acre children and adult park w/basketball full court & play gym w/sand box. A Beautiful private best kept secret community in a prime location. See photos and virtual tour.

Last Agent to Sell the Property

Patrick Tenore

Nationwide USA License #00606625 Listed on: 06/16/2012

Last Buyer's Agent

Richard Garofalo

HomeSmart, Evergreen Realty License #01133248

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,864

Year Built

  • Built in 1986

Lot Details

  • 3,167 Sq Ft Lot
  • Property fronts an alley
  • Property is zoned r1

HOA Fees

  • $190 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Clay Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,688 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Shutters
  • Custom Window Coverings
  • Entrance Foyer
  • Laundry in Garage

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 44228452

Community Details

Overview

  • Association Phone (714) 508-9070
  • Built by JM Peters

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,864

Year Built

Built in 1986

Lot Details

0

HOA Fees

$190 per month

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-856-9705
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Gated Community
  • Subdivision Name Other: Bayview Terrace
  • View: No
  • Zoning: r1
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 44228452
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1688.00
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 450.24
  • Room Type: Foyer, Master Suite
  • Spa Features: Association
  • Window Features: Custom Covering, Shutters

Exterior Features

  • Patio: Yes
  • Fence: No
  • Builder Name: JM Peters
  • Pool Features: Association
  • Pool Private: Yes
  • Roof: Clay, Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Direct Garage Access, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Built-In, Dishwasher, Electric Cooking, Disposal
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pet Rules, Pool, Spa/Hot Tub, Trash
  • Association Fee: 190.00
  • Association Fee Frequency: Monthly
  • Phone: 714-508-9070
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 3167.00
  • Lot Size Acres: 0.0730

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3167.0000 Square Feet

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 9999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2012
Closed on
Oct 11, 2012
Sold by
Moreno Fidela Ll and Moreno Arthur
Bought by
Cheng Anthony and Cheng Charlotte Cua
Seller's Agent
Patrick Tenore
Nationwide USA
Buyer's Agent
Richard Garofalo
HomeSmart, Evergreen Realty
List Price
$775,000
Sold Price
$760,000
Premium/Discount to List
-$15,000
-1.94%
Current Estimated Value
$2,014,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,254,803
Avg. Annual Appreciation
7.06%

Purchase Details

Closed on
Mar 3, 2009
Sold by
Schermerhorn Robert T and Schermerhorn Linda K
Bought by
Moreno Fidela Ll and Moreno Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2006
Sold by
Schermerhorn Robert T and Schermerhorn Linda K
Bought by
Schermerhorn Robert T and Schermerhorn Linda K

Purchase Details

Closed on
Nov 10, 2000
Sold by
William Lawrence Talunas Living Trust
Bought by
Schermerhorn Robert and Schermerhorn Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.67%

Purchase Details

Closed on
Oct 13, 1993
Sold by
Talunas William L
Bought by
Talunas William Lawrence
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
Cheng Anthony $760,000 First American Title Company
Moreno Fidela Ll $832,000 Fidelity National Title
Schermerhorn Robert T -- None Available
Schermerhorn Robert $444,000 Fidelity National Title Ins
Talunas William Lawrence -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moreno Fidela Ll $624,000
Previous Owner Schermerhorn Robert $175,000
Previous Owner Schermerhorn Robert $170,000
Previous Owner Schermerhorn Robert $148,000
Previous Owner Schermerhorn Robert $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2012 10/23/12 Sold $760,000 -1.9% $450 / Sq Ft
09/25/2012 09/25/12 Price Changed $774,500 -0.1% $459 / Sq Ft
09/17/2012 09/17/12 Price Changed $774,900 0.0% $459 / Sq Ft
09/01/2012 09/01/12 Price Changed $775,000 0.0% $459 / Sq Ft
08/30/2012 08/30/12 Price Changed $774,990 0.0% $459 / Sq Ft
08/20/2012 08/20/12 Price Changed $774,900 0.0% $459 / Sq Ft
06/18/2012 06/18/12 For Sale $775,000 +2.0% $459 / Sq Ft
06/17/2012 06/17/12 Off Market $760,000 -- --
06/16/2012 06/16/12 For Sale $775,000 -- $459 / 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 $9,864 $935,880 $689,598 $246,282
2024 $9,864 $917,530 $676,077 $241,453
2023 $9,720 $899,540 $662,821 $236,719
2022 $9,559 $881,902 $649,824 $232,078
2021 $9,295 $864,610 $637,082 $227,528
2020 $9,206 $855,745 $630,550 $225,195
2019 $9,013 $838,966 $618,186 $220,780
2018 $8,832 $822,516 $606,065 $216,451
2017 $8,675 $806,389 $594,182 $212,207
2016 $8,479 $790,578 $582,531 $208,047
2015 $8,399 $778,703 $573,781 $204,922
2014 $8,201 $763,450 $562,542 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12002414

California Regional Multiple Listing Service (CRMLS)

APN: 442-284-52