NOT LISTED FOR SALE

408 E Oceanfront Unit 1 Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $2,134,000 - $7,494,000

7 Beds
7 Baths
4,350 Sq Ft
$932/Sq Ft Est. Value

Sale Details

Date Sold: September 20, 2013

Last sale price $3,275,000 $753 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $23,704 / mo

32 Days on Market

Highlights

  • Ocean Front
  • View of Catalina
  • Porch
  • Newport Elementary School Rated A
  • No HOA
  • 5-minute walk to Balboa Peninsula Park

About This Home

As of September 2013

The property consists of two separate legal units being sold together similar to a duplex. The lower unit #A1, APN 932-16-029, is 4 bedrooms, 3.5 baths and approx 2,400 sq. ft. The upper unit #B2, APN 932-16-030 is 3 bd/2.5 bath and approx. 1950 sq. ft. Both units were completely remodeled 3 years ago and are in great condition. The upper unit is being sold completely furnished with everything virtually brand new. Great investor property or owner/user living in one unit while renting out the other.

Last Agent to Sell the Property

Jim Kline

Surterre Properties Inc. License #01171319 Listed on: 06/14/2013

Surterre Properties Inc.

Last Buyer's Agent

Ulnick Group Bryan & Siobhan

Compass License #01017771

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 2,820 Sq Ft Lot
  • Ocean Front

Parking

  • 4 Car Attached Garage

Home Design

  • Composition Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 4,350 Sq Ft Home
  • Fireplace With Gas Starter
  • Living Room
  • Dining Room
  • Views of Catalina

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 93216029

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

2,820 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 93216029
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4350.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Eating Area: Dining Room
  • Fireplace Features: Gas Starter
  • Levels: Three Or More
  • Price Per Square Foot: 752.87
  • Room Type: Living Room

Exterior Features

  • Patio: Yes
  • View: Catalina
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Stone

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 2820.00
  • Lot Size Acres: 0.0650

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2820.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Waterfront Features: Ocean Front

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2013
Closed on
Aug 9, 2013
Sold by
Bought by
Seller's Agent
Jim Kline
Surterre Properties Inc.
Buyer's Agent
Ulnick Group Bryan & Siobhan
Compass
List Price
$3,495,000
Sold Price
$3,275,000
Premium/Discount to List
-$220,000
-6.29%
Current Estimated Value
$4,054,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$779,519
Avg. Annual Appreciation
1.70%

Purchase Details

Closed on
Jul 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 26, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 1997
Sold by
Bought by

Purchase Details

Closed on
May 7, 1996
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
7.68%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,275,000 Ticor Title
$3,210,000 First American Title Co
-- First American Title Co
-- First American Title Company
-- Investors Title Company
-- --
-- --
$550,000 Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $50,000
Previous Owner $560,000
Previous Owner $385,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/20/2013 09/20/13 Sold $3,275,000 -6.3% $753 / Sq Ft
06/14/2013 06/14/13 For Sale $3,495,000 -- $803 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $21,915 $2,053,315 $1,861,582 $191,733
2024 $21,820 $2,013,054 $1,825,080 $187,974
2023 $21,470 $1,973,583 $1,789,294 $184,289
2022 $21,071 $1,934,886 $1,754,210 $180,676
2021 $20,820 $1,896,948 $1,719,814 $177,134
2020 $20,623 $1,877,498 $1,702,180 $175,318
2019 $20,213 $1,840,685 $1,668,804 $171,881
2018 $19,856 $1,804,594 $1,636,083 $168,511
2017 $19,512 $1,769,210 $1,604,003 $165,207
2016 $19,094 $1,734,520 $1,572,552 $161,968
2015 $19,023 $1,708,466 $1,548,930 $159,536
2014 $18,583 $1,675,000 $1,518,589 $156,411
Source: Public Records

Agents Affiliated with this Home

  • Jim Kline

    Seller's Agent in 2013

    Jim Kline

    Surterre Properties Inc.

    (949) 717-7100

    42 Total Sales

    Jim Kline
    Section Image
  • Siobhan Ulnick

    Buyer's Agent in 2013

    Siobhan Ulnick

    Berkshire Hathaway HomeServic

    (949) 370-7140

    23 Total Sales

    Siobhan Ulnick
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13113878

California Regional Multiple Listing Service (CRMLS)

APN: 932-160-29

California Orange County Newport Beach 92661 Central Newport Beach

408 E Oceanfront Unit 1, Newport Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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