NOT LISTED FOR SALE

388 Villa Point Dr Newport Beach, CA 92660

Estimated Value: $1,562,000 - $1,776,033

2 Beds
2 Baths
1,410 Sq Ft
$595/mo HOA Fee

Last Sold May 17, 2023

Last sale price $1,500,000 $1,064 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $10,614/month

3 Days on Market

Highlights

  • Ocean View
  • Fitness Center
  • Primary Bedroom Suite
  • Abraham Lincoln Elementary School Rated A
  • Spa
  • Gated Community

About This Home

As of May 2023

Location, Location, Location!!! Highly sought after and desirable ocean close community of Villa Point in Newport Beach! Immediately greeted by the gorgeous golf course views upon entering this light and bright Villa, you'll know that you have found something truly special! Nestled in on Newport County Club's 16th fairway, this gem has been tastefully renovated with white cabinetry, granite countertops, Viking 4 burner range, stainless steel appliances, Viking wine refrigerator, crown molding, neutral tile and carpet with plenty of room to entertain. 338 Villa Point is perfectly located on the second level offering a quiet and tranquil setting with no one above. Peak-a-boo Pacific Ocean views from the kitchen and secondary bedroom. The two spacious bedrooms are located on the main level and a bonus loft is upstairs which is perfect for a home office, work out space or bonus room! The garage has an additional parking space in front and guest parking is located close by. Desirable Newport Beach location, close to Balboa Island, Fashion Island, Corona Del Mar and all of the Newport Beach Ocean and Bay amenities available in this beautiful Coastal Community of Newport Beach!
Villa Point proudly offers owners the security of a gated community with access to 2 heated pools, 2 spas, 2 fitness rooms and a community center.

Last Agent to Sell the Property

Debra Robertson

Carl Mazzie Realty License #02084286 Listed on: 04/20/2023

Carl Mazzie Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,487

Year Built

  • Built in 1990 | Remodeled

HOA Fees

  • $595 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Open Parking Space
  • Parking Available
  • Driveway
  • Automatic Gate
  • Guest Parking

Property Views

  • Ocean
  • Golf Course

Home Design

  • Mediterranean Architecture
  • Entry on the 2nd floor
  • Turnkey
  • Spanish Tile Roof
  • Tile Roof

Interior Spaces

  • 1,410 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Blinds
  • Living Room with Fireplace
  • Loft
  • Storage

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas and Electric Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Spa
  • Living Room Balcony
  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Abraham Lincoln Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Sewer Paid
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Two or More Common Walls

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11937
  • Assessor Parcel Number 93963526
  • $364 per year additional tax assessments

Community Details

Overview

  • 228 Units
  • Villa Point Association, Phone Number (714) 395-5245
  • Stone Kastle HOA
  • Villa Point Subdivision
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Clubhouse
  • Meeting Room

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction
  • Pet Size Limit

Security

  • Security Service
  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,487

Year Built

Built in 1990 | Remodeled

Lot Details

0

HOA Fees

$595 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Refrigerator, wine refrigerator, washer and dryer and tv mounts
  • Other Phone Description: 602-400-0123
  • Other Phone Number: 602-400-0123
  • Property Attached: Yes
  • Security: Automatic Gate, Gated Community, Smoke Detector(s)
  • Subdivision Name Other: Villa Point (VILP)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93963526
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1410.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Balcony, Recessed Lighting, Stone Counters, Storage
  • Stories: 3
  • Entry Location: 2nd level
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1063.83
  • Room Type: All Bedrooms Down, Kitchen, Loft, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Spa Features: Association, Community
  • Window Features: Blinds, Insulated Windows
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters, Linen Closet/Storage, Main Floor Full Bath, Remodeled, Upgraded
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Golf Course, Ocean
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community
  • Pool Private: No
  • Roof: Spanish Tile, Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Driveway, Garage, Guest, On Site
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Refrigerator, Water Heater
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Gym/Ex Room, Clubhouse, Meeting Room, Maintenance Grounds, Trash, Sewer, Pet Rules, Pets Permitted, Weight Limit, Management, Security
  • Association Fee: 595.00
  • Association Fee Frequency: Monthly
  • Association Name: Villa Point
  • Phone: 714-395-5245
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Street Lights
  • Association Management: Stone Kastle

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Abraham Lincoln
  • Middle School: Corona Del Mar
  • High School: Corona Del Mar
  • Elementary School: Abraham Lincoln
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: ABRLIN
  • High School2: CODEMA

Green Features

  • Efficiency: Thermostat

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 228
  • Number Of Units Total: 288

Tax Info

  • Tax Census Tract: 630.08
  • Tax Lot: 2
  • Tax Tract Number: 11937
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
May 11, 2023
Sold by
Brown Thad W
Bought by
Smith Family Trust
Seller's Agent
Debra Robertson
Carl Mazzie Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,450,000
Sold Price
$1,500,000
Premium/Discount to List
$50,000
3.45%
Views
22
Current Estimated Value
$1,622,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,508
Avg. Annual Appreciation
4.86%
Original Mortgage
$750,000
Outstanding Balance
$733,101
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$943,213

Purchase Details

Listed on
Nov 11, 2016
Closed on
Feb 23, 2017
Sold by
Paul Mark W
Bought by
Brown Thad W
Seller's Agent
Michael Hinderberger
Compass
Buyer's Agent
Carol Mazares
Pacific Sotheby's International Realty
List Price
$949,000
Sold Price
$900,000
Premium/Discount to List
-$49,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$400,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2006
Sold by
Paul Mark W
Bought by
Paul Mark W and Mark W Paul Living Trust

Purchase Details

Closed on
Apr 28, 2006
Sold by
Paul Philip S and Paul Elaine R
Bought by
Paul Mark W

Purchase Details

Closed on
Dec 21, 1999
Sold by
Villa Point Trust #388
Bought by
Paul Philip S and Paul Elaine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.72%

Purchase Details

Closed on
Jun 17, 1999
Sold by
Dolly Chou
Bought by
Villa Point Trust #388
Source: Public Records

Range of Values:

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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
Smith Family Trust $1,500,000 Ticor Title
Brown Thad W $900,000 Ticor Title
Paul Mark W -- None Available
Paul Mark W -- None Available
Paul Philip S $365,000 First American Title Ins Co
Villa Point Trust #388 $296,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Dylan T $750,000
Previous Owner Brown Thad W $400,000
Previous Owner Paul Mark W $199,000
Previous Owner Paul Mark W $75,000
Previous Owner Paul Philip S $40,000
Previous Owner Paul Philip S $145,028
Previous Owner Paul Philip S $121,735
Previous Owner Paul Philip S $40,000
Previous Owner Paul Philip S $125,000
Previous Owner Chou Dolly $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Sold $1,500,000 +3.4% $1,064 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $1,450,000 +61.1% $1,028 / Sq Ft
04/05/2017 04/05/17 Sold $900,000 -4.2% $638 / Sq Ft
02/18/2017 02/18/17 Pending -- -- --
01/14/2017 01/14/17 Price Changed $939,000 -1.1% $666 / Sq Ft
11/11/2016 11/11/16 For Sale $949,000 -- $673 / 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 $16,487 $1,560,600 $1,364,114 $196,486
2024 $16,487 $1,530,000 $1,337,366 $192,634
2023 $10,827 $1,003,965 $837,364 $166,601
2022 $10,643 $984,280 $820,945 $163,335
2021 $10,439 $964,981 $804,848 $160,133
2020 $10,338 $955,087 $796,595 $158,492
2019 $10,126 $936,360 $780,975 $155,385
2018 $9,925 $918,000 $765,661 $152,339
2017 $8,077 $734,160 $527,653 $206,507
2016 $7,824 $719,765 $517,307 $202,458
2015 $7,748 $708,954 $509,537 $199,417
2014 $7,175 $658,000 $472,326 $185,674
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23061654

California Regional Multiple Listing Service (CRMLS)

APN: 939-635-26