NOT LISTED FOR SALE

408 E Oceanfront Unit 1 Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $2,051,000 - $7,358,000

7 Beds
7 Baths
4,350 Sq Ft
$915/Sq Ft Est. Value

Last Sold September 20, 2013

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

Est. 22% increase in value since last sale

Current estimated payment $24,076/month

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

Est. Annual Taxes

  • $21,820

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

Est. Annual Taxes

$21,820

Year Built

Built in 1985

Lot Details

0

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
  • Full And Three Quarter 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

Schools

  • School District: Newport Mesa Unified

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

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2013
Closed on
Aug 9, 2013
Sold by
Tillerco Llc
Bought by
Gooding Jay and Jay Gooding Trust
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%
Total Days on Market
32
Current Estimated Value
$3,980,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$705,244
Avg. Annual Appreciation
1.68%

Purchase Details

Closed on
Jul 8, 2009
Sold by
Messerschmitt John A
Bought by
Tillerco Llc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Messerschmitt John A and Messerschmitt Patricia L
Bought by
Messerschmitt John A

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
Messerschmitt John A and Messerschmitt Patricia L
Bought by
Messerschmitt John A

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
Messerschmitt John and Messerschmitt Patti
Bought by
Messerschmitt John A and Messerschmitt Patricia L

Purchase Details

Closed on
May 7, 1996
Sold by
Sewell Richard A and Sewell Sandra L
Bought by
Messerschmitt John and Messerschmitt Patti

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

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Range of Values:

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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
Gooding Jay $3,275,000 Ticor Title
Tillerco Llc $3,210,000 First American Title Co
Messerschmitt John A -- First American Title Co
Messerschmitt John A -- First American Title Company
Messerschmitt John A -- Investors Title Company
Messerschmitt John A -- --
Messerschmitt John A -- --
Messerschmitt John $550,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Messerschmitt John A $50,000
Previous Owner Messerschmitt John A $500,000
Previous Owner Messerschmitt John A $560,000
Previous Owner Messerschmitt John A $698,750
Previous Owner Messerschmitt John $385,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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
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

    1 in this area

    57 Total Sales

    Jim Kline
    Section Image
  • Siobhan Ulnick

    Buyer's Agent in 2013

    Siobhan Ulnick

    Berkshire Hathaway HomeServic

    (949) 370-7140

    22 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

This home is located at 408 E Oceanfront Unit 1, Newport Beach, CA 92661 since 14 June 2013 and is currently estimated at $3,980,244, approximately $914 per square foot. This property was built in 1985. 408 E Oceanfront Unit 1 is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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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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