M
Seller's Agent in 2015
Marlene Hassel
Villa Real Estate
412 31st St Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated Value: $3,563,145
3
Beds
3
Baths
3,100
Sq Ft
$1,149/Sq Ft
Est. Value
About This Home
As of October 2015Trophy property right in the heart of super cool Cannery Village this is an ideal live/work set up for anyone wanting to live near the beach and work in a professional semi-urban environment. The building consists of three businesses with two bathrooms, and a residential unit with two bedrooms/one bath plus a separate loft space and rooftop deck. The building is well kept and has 3 garages. All rents are below current market and this property still represents a good investment. Rents include partial utilities. Cannery Village is ever evolving and some major new developments are on the horizon including a boutique hotel in the old City Hall space, luxury condominiums at the St. James church location and surrounding areas, renovations to Lido Marina Village by new owners, all in addition to major development underway a little further down the peninsula.
Last Agent to Sell the Property
Marlene Hassel
Villa Real Estate License #00999897 Listed on: 08/19/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,692
Year Built
- Built in 1982
Lot Details
- 2,614 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
Parking
- 3 Car Garage
Home Design
- 3,100 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Urban Location
- Sewer Paid
Listing and Financial Details
- Tax Lot 25
- Tax Tract Number 421
- Assessor Parcel Number 04704226
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- Insurance Expense $5,496
- Maintenance Expense $2,248
- New Taxes Expense $20,813
- Gross Income $8,225
- Net Operating Income $67,010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2015
Closed on
Sep 18, 2015
Sold by
Westfork Ranch Llc
Bought by
Roth Theodore D and Roth Jeanne M
Seller's Agent
Marlene Hassel
Villa Real Estate
Buyer's Agent
Jaime Weber
Compass
List Price
$1,875,000
Sold Price
$1,865,000
Premium/Discount to List
-$10,000
-0.53%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,698,145
Avg. Annual Appreciation
6.84%
Original Mortgage
$1,212,250
Interest Rate
5.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 23, 2010
Sold by
Grisamore Greg and Grisamore Deborah Vickers
Bought by
Westfork Ranch Llc
Purchase Details
Closed on
May 16, 2006
Sold by
Finamore Suzanne
Bought by
Grisamore Greg and Grisamore Deborah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 16, 2005
Sold by
Finamore Suzanne and Fredette James P
Bought by
Finamore Suzanne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,170,000
Interest Rate
5.15%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 22, 2004
Sold by
Newquist John B and Newquist Nancy V
Bought by
Finamore Suzanne and Fredette James P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
4.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 25, 2000
Sold by
Ann Lavach J and Ann Gretchen
Bought by
Newquist John B and Newquist Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
8%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 1997
Sold by
Lavach J D and Lavach Gretchen Ann
Bought by
Lavach John D and Lavach Gretchen A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,126
Interest Rate
7.96%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 25, 1997
Sold by
Parvin Rose A
Bought by
Lavach J D and Lavach Gretchen Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,126
Interest Rate
7.96%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Roth Theodore D | $1,865,000 | Equity Title Company | |
| Westfork Ranch Llc | -- | None Available | |
| Grisamore Greg | -- | None Available | |
| Grisamore Greg | $2,200,000 | First American Title Co | |
| Finamore Suzanne | $362,000 | First American Title Co | |
| Finamore Suzanne | $1,235,000 | First American Title Company | |
| Newquist John B | -- | First Southwestern Title Co | |
| Lavach John D | -- | -- | |
| Lavach J D | $131,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Roth Theodore D | $1,212,000 | |
| Closed | Roth Theodore D | $1,212,250 | |
| Previous Owner | Grisamore Greg | $1,300,000 | |
| Previous Owner | Finamore Suzanne | $1,170,000 | |
| Previous Owner | Finamore Suzanne | $825,000 | |
| Previous Owner | Newquist John B | $465,000 | |
| Previous Owner | Lavach J D | $78,126 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/23/2015 10/23/15 | Sold | $1,865,000 | -0.5% | $602 / Sq Ft |
| 09/10/2015 09/10/15 | Pending | -- | -- | -- |
| 08/19/2015 08/19/15 | For Sale | $1,875,000 | -- | $605 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,692 | $2,207,778 | $1,651,397 | $556,381 |
| 2024 | $23,692 | $2,164,489 | $1,619,017 | $545,472 |
| 2023 | $23,131 | $2,122,049 | $1,587,272 | $534,777 |
| 2022 | $22,740 | $2,080,441 | $1,556,149 | $524,292 |
| 2021 | $22,308 | $2,039,649 | $1,525,637 | $514,012 |
| 2020 | $22,093 | $2,018,735 | $1,509,993 | $508,742 |
| 2019 | $21,646 | $1,979,152 | $1,480,385 | $498,767 |
| 2018 | $21,219 | $1,940,346 | $1,451,358 | $488,988 |
| 2017 | $20,847 | $1,902,300 | $1,422,900 | $479,400 |
| 2016 | $20,384 | $1,865,000 | $1,395,000 | $470,000 |
| 2015 | $27,445 | $2,524,292 | $1,903,457 | $620,835 |
| 2014 | $26,801 | $2,474,845 | $1,866,171 | $608,674 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2015
Manny Stellino
Surterre Properties Inc.
(949) 717-6000
21 Total Sales
-
Buyer's Agent in 2015
Jaime Weber
Compass
(949) 922-9079
49 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15184596
APN: 047-042-26
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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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