NOT LISTED FOR SALE

Estimated Value: $2,080,000 - $3,483,000

2 Beds
1 Bath
700 Sq Ft
3,049 Sq Ft Lot

Highlights

  • Property has ocean access
  • Ocean Side of Highway 1
  • Open Floorplan
  • Newport Elementary School Rated A
  • Updated Kitchen
  • 3-minute walk to 38th Street Park

About This Home

As of October 2020

This is a charming upper unit on the highly desirable Newport Island! This 2 bedroom, 1 bathroom has been fully remodeled spanning 700 sq ft. It has all new floors, paint and new double pane windows. The kitchen has new quartz countertops, new oven/stove, and sink. There's tons of natural light throughout! Both bedrooms are nice sized with a newly renovated shared bathroom. Each unit has its own garage parking space (One car for the upper unit). There is also street parking and in the summers you will get 2 permits- only permit parking is allowed on the island during the summer so you don't have to fight the beach parking! There is a washer/dryer hookup in the garage. You have a nice fenced yard separating the 2 units to entertain or just relax. You're located only 4 houses from the water and a wonderful little park with a basketball court and bbq's! This property is perfectly located on the Island and near all that Newport has to offer! Come experience living on the Island!

Last Agent to Rent the Property

Sean Jarne

First Team Real Estate License #01447010 Listed on: 08/20/2020

First Team Real Estate

Co-Listed By

Matthew Thompson

First Team Real Estate License #02115065

Last Renter's Agent

Sean Jarne

First Team Real Estate License #01447010 Listed on: 08/20/2020

First Team Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • No Common Walls
  • South Facing Home
  • Landscaped
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Attached Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Shake Roof
  • Vinyl Siding

Interior Spaces

  • 700 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Double Pane Windows
  • Window Screens
  • Insulated Doors
  • Family Room
  • Living Room with Fireplace
  • Vinyl Flooring
  • Unfinished Basement

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Microwave
  • Quartz Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Quartz Bathroom Countertops
  • Makeup or Vanity Space
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Patio
  • Exterior Lighting

Location

  • Property is near a park
  • Suburban Location

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Central Heating
  • 220 Volts in Garage
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $4,500
  • 12-Month Minimum Lease Term
  • Available 9/21/20
  • Tax Lot 4
  • Tax Tract Number 164
  • Assessor Parcel Number 42307206

Community Details

Overview

  • No Home Owners Association
  • 120 Units
  • Newport Island Subdivision

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,740

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

1

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2020-09-21
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 4500
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Total Move In Costs: 7500.00
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Newport Island (NEWI)
  • View: No
  • Well Report: No
  • Zoning: R1
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 42307206
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 700.00 Square Feet
  • Interior Amenities: Crown Molding, Open Floorplan
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Insulated Doors
  • Eating Area: Area, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Kitchen, Living Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 4.00
  • Room Type: Family Room, Kitchen, Living Room, Master Bedroom
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Shower In Tub, Quartz Counters, Remodeled, Upgraded, Vanity Area
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen
  • Basement: Unfinished

Exterior Features

  • Patio: Yes
  • Direction Faces: South
  • Foundation: Slab
  • Exterior Features: Lighting
  • Fence: No
  • Builder Name: Unknown
  • Pool Private: No
  • Roof: Shake
  • Spa: No
  • Construction Materials: Vinyl Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Microwave, Refrigerator, Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights, Suburban

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Park Nearby, Yard
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 3049.0000 Square Feet
  • Management Co: Owner
  • Management Co Phone: 714-483-4542
  • Number Of Units In Community: 120
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 164
  • Tax Lot: 4
  • Tax Tract: 164
  • Tax Tract Number: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2019
Sold by
Peterson Gigi
Bought by
Peterson Karl D
Current Estimated Value
$2,753,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$266,177
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$2,637,170

Purchase Details

Closed on
Oct 25, 2018
Sold by
Peterson Karl D
Bought by
39 Photo Llc

Purchase Details

Closed on
Mar 28, 2018
Sold by
39 Photo Llc
Bought by
Peterson Karl Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2010
Sold by
Peterson Karl D
Bought by
39 Photo Llc

Purchase Details

Closed on
May 1, 2007
Sold by
Peterson Karl D
Bought by
Peterson Karl D

Purchase Details

Closed on
Apr 19, 2005
Sold by
Peterson Maj Britt
Bought by
Peterson Karl D

Purchase Details

Closed on
May 1, 1998
Sold by
Peterson Maj Britt S
Bought by
Peterson Maj Britt
Source: Public Records

Range of Values:

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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
Peterson Karl D -- Consumers Title Company
Peterson Karl D -- Consumers Title Company
39 Photo Llc -- None Available
Peterson Karl Daniel -- Orange Coast Title Co
39 Photo Llc -- None Available
Peterson Karl D -- None Available
Peterson Karl D -- --
Peterson Maj Britt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Karl D $300,000
Previous Owner Peterson Karl Daniel $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Rented $2,800 0.0% --
10/03/2020 10/03/20 Under Contract -- -- --
09/27/2020 09/27/20 Price Changed $2,800 -3.4% $4 / Sq Ft
09/14/2020 09/14/20 Price Changed $2,900 -1.7% $4 / Sq Ft
08/20/2020 08/20/20 For Rent $2,950 -- --
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 $1,740 $116,198 $75,914 $40,284
2024 $1,740 $113,920 $74,425 $39,495
2023 $1,694 $111,687 $72,966 $38,721
2022 $1,659 $109,498 $71,536 $37,962
2021 $1,631 $107,351 $70,133 $37,218
2020 $1,614 $106,251 $69,414 $36,837
2019 $1,591 $104,168 $68,053 $36,115
2018 $1,563 $102,126 $66,719 $35,407
2017 $1,538 $100,124 $65,411 $34,713
2016 $1,508 $98,161 $64,128 $34,033
2015 $1,491 $96,687 $63,165 $33,522
2014 $1,458 $94,794 $61,928 $32,866
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG20170900

California Regional Multiple Listing Service (CRMLS)

APN: 423-072-06