NOT LISTED FOR SALE

Estimated Value: $2,092,000 - $3,977,000

2 Beds
2 Baths
1,800 Sq Ft
6,055 Sq Ft Lot

Last Sold June 15, 2012

Last sale price $935,000 $519 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $14,927/month

46 Days on Market

Highlights

  • Ocean View
  • 0.14 Acre Lot
  • Loft
  • Newport Elementary School Rated A
  • Contemporary Architecture
  • Fireplace

About This Home

As of June 2012

The ultimate in posh lux living in the heart of the Cannery Village are of Newport Beach. This ultra-contemporary cannery loft has won an AIA award for design and has been featured in Riviera Magazine and on the Orange County Museum of Art home tour. features a spacious living/dining area, 2 bedrooms, 2 baths and a den. Designed by a renowned local FAIA Architect, the residence enjoys a contemporary Bulthaup kitchen, 2 fireplaces and appliances with polished concrete floors throughout. The unique windows, floor plan and dramatic 18 volume ceilings offer spaciousness and comfort. Large glass sliders opens to a private indoor/outsdoor living space, that is perfect for entertaining. Parking includes 1 car garage and 1 uncovered parking space.

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 03/30/2012

Co-Listed By

Jay Viloria

Milestone, Inc. License #01037496

Last Buyer's Agent

Manny Stellino

Surterre Properties Inc. License #00912924

Surterre Properties Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,504

Year Built

  • Built in 2001

Lot Details

  • 6,055

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • City Lights

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • Fireplace
  • Loft

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Radiant Heating System
  • Sewer Paid

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 0.14 / 331
  • Tax Tract Number 421
  • Assessor Parcel Number 04704233

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,504

Year Built

Built in 2001

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-640-3630
  • Property Attached: Yes
  • Subdivision Name Other: Custom
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 04704233
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1800.00
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 519.44
  • Room Type: Loft

Exterior Features

  • Patio: No
  • Foundation: Slab
  • View: City Lights, Ocean
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Radiant
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 225.00
  • Phone: 9
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 6059.00
  • Lot Size Acres: 0.1390

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6059.0000 Square Feet

Tax Info

  • Tax Block: 331
  • Tax Lot: 0.14
  • Tax Tract Number: 421

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2016
Sold by
Schacht Robert and Schacht Selina
Bought by
Yolo Gruup Properties Llc
Current Estimated Value
$2,535,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,511,600
Outstanding Balance
$1,229,469
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$1,269,899

Purchase Details

Closed on
Jun 28, 2016
Sold by
Blurock Thomas
Bought by
Schacht Robert and Schacht Selina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 2014
Sold by
Yolo Gruup Properties Llc
Bought by
Yolo Gruup Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$629,625
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2013
Sold by
Schacht Robert G and Schacht Selina Kay
Bought by
Yolo Gruup Properties Llc
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
Yolo Gruup Properties Llc -- Wfg Title Co Of California
Schacht Robert $1,100,000 First American Title Company
Yolo Gruup Properties Llc -- Wfg Title Insurance Company
Yolo Gruup Properties Llc -- None Available
Schacht Robert G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yolo Gruup Properties Llc $1,511,600
Previous Owner Schacht Robert $1,100,000
Previous Owner Yolo Gruup Properties Llc $629,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2012 06/15/12 Sold $935,000 -6.4% $519 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
03/30/2012 03/30/12 For Sale $999,000 -- $555 / 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 $12,504 $1,174,408 $934,726 $239,682
2024 $12,504 $1,151,381 $916,398 $234,983
2023 $12,209 $1,128,805 $898,429 $230,376
2022 $12,004 $1,106,672 $880,813 $225,859
2021 $11,775 $1,084,973 $863,542 $221,431
2020 $11,662 $1,073,848 $854,687 $219,161
2019 $11,424 $1,052,793 $837,929 $214,864
2018 $11,198 $1,032,150 $821,499 $210,651
2017 $11,001 $1,011,912 $805,391 $206,521
2016 $10,756 $992,071 $789,599 $202,472
2015 $10,654 $977,170 $777,739 $199,431
2014 $10,403 $958,029 $762,504 $195,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12001281

California Regional Multiple Listing Service (CRMLS)

APN: 932-840-94