NOT LISTED FOR SALE

42 Villa Point Dr Newport Beach, CA 92660

Estimated Value: $1,307,944 - $1,639,000

2 Beds
2 Baths
1,400 Sq Ft
$425/mo HOA Fee

Last Sold July 09, 2013

Last sale price $635,000 $454 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $9,207/month

82 Days on Market

Highlights

  • Fitness Center
  • In Ground Spa
  • Gated Community
  • Abraham Lincoln Elementary School Rated A
  • No Units Above
  • View of Trees or Woods

About This Home

As of July 2013

Live the beach resort life in this upgraded light and airy Plan 4 in the gated community of Villa Point. This upper level unit features a functional floorplan with two spacious bedrooms, two baths and a large loft with built-ins. The gourmet kitchen has granite and stainless appliances, including refrigerator. Brand new carpet throughout, with wood flooring in the kitchen and upstairs loft. Vaulted ceilings and cozy fireplace are featured in the living room which opens to large private balcony. Generous closet and storage space with organizers throughout. Inside laundry with washer and dryer included. Enjoy the peek-a-boo ocean view from the front entry and bedroom. One car garage and new air conditioner. Gated Villa Point includes two pools, weight rooms, spas, and BBQ areas. Located near fantastic schools, Balboa Island, Back Bay Nature Preserve, beach, Fashion Island and Corona del Mar. Move in ready!

Last Agent to Sell the Property

Stephanie Walling

CENTURY 21 Affiliated License #01183587 Listed on: 03/28/2013

CENTURY 21 Affiliated

Last Buyer's Agent

Roya Salehpour

HomeSmart, Evergreen Realty License #00993191

HomeSmart, Evergreen Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,419

Year Built

  • Built in 1991

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available

Property Views

  • Woods
  • Peek-A-Boo

Home Design

  • Mediterranean Architecture
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 1,400 Sq Ft Home
  • 2-Story Property
  • Bar
  • Cathedral Ceiling
  • Plantation Shutters
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Mirrored Closets Doors
  • 2 Full Bathrooms

Pool

  • In Ground Spa
  • Private Pool

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 14055
  • Assessor Parcel Number 93963650

Community Details

Overview

  • 228 Units
  • Association Phone (714) 779-1300
  • Built by The Irvine Company

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,419

Year Built

Built in 1991

Lot Details

0

HOA Fees

$425 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerator, washer, dryer
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Gated Community
  • Subdivision Name Other: Villa Point (VILP)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93963650
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1400.00
  • Interior Amenities: Bar, Balcony, Cathedral Ceiling(s), Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 453.57
  • Room Type: Loft
  • Spa Features: In Ground
  • Window Features: Plantation Shutters

Exterior Features

  • View: Peek-A-Boo, Trees/Woods
  • Builder Name: The Irvine Company
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Gym/Ex Room, Picnic Area, Pool, Spa/Hot Tub
  • Association Fee: 425.00
  • Association Fee Frequency: Monthly
  • Phone: 714-779-1300
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 1000.00
  • Lot Size Acres: 0.0230

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1000.0000 Square Feet
  • Number Of Units In Community: 228
  • Number Of Units Total: 228

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 14055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2013
Closed on
Jun 21, 2013
Sold by
Sherman Joe and Sherman Ashley
Bought by
The Adriano Tosi Trust and Tosi Adriano
Seller's Agent
Stephanie Walling
CENTURY 21 Affiliated
Buyer's Agent
Roya Salehpour
HomeSmart, Evergreen Realty
List Price
$659,900
Sold Price
$635,000
Premium/Discount to List
-$24,900
-3.77%
Current Estimated Value
$1,494,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$859,486
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
Oct 21, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Sherman Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2010
Sold by
Emdadi Shahla
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Jun 27, 2007
Sold by
Ravanpak Masoud
Bought by
Emdadi Shania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,900
Interest Rate
6.62%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 23, 2006
Sold by
Ravanpak Masoud and Emdadi Shahla
Bought by
The M & R Trust and Ravanpak Masoud

Purchase Details

Closed on
Jun 9, 2004
Sold by
Emdadi Shahla
Bought by
Ravanpak Masoud and Emdadi Shahla

Purchase Details

Closed on
Feb 25, 2004
Sold by
Ravanpak Masoud
Bought by
Emdadi Shahla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2003
Sold by
Tobolski Carole A
Bought by
Ravanpak Masoud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2002
Sold by
Tobolski Carole A
Bought by
Tobolski Carole A and Carole A Tobolski Revocable Trust

Purchase Details

Closed on
Oct 29, 1997
Sold by
Tobolski Mitchell R
Bought by
Tobolski Carole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,500
Interest Rate
7.26%

Purchase Details

Closed on
Sep 27, 1997
Sold by
Vernon Russo Joseph
Bought by
Tobolski Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,500
Interest Rate
7.26%

Purchase Details

Closed on
Jun 27, 1994
Sold by
Jennings Craig D and Jennings Margaret R
Bought by
Russo Joseph Vernon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,200
Interest Rate
5.87%
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
The Adriano Tosi Trust $635,000 Lawyers Title
Sherman Joe $475,000 First American Title
Hsbc Bank Usa National Association $697,000 Accommodation
Emdadi Shania -- First American Title Co
Emdadi Shahla -- First American Title Co
The M & R Trust -- Accommodation
Ravanpak Masoud -- --
Emdadi Shahla -- --
Ravanpak Masoud $545,000 Commonwealth Land Title
Ravanpak Masoud -- Commonwealth Land Title
Tobolski Carole A -- --
Tobolski Carole A -- Fidelity National Title Ins
Tobolski Carole $296,500 Fidelity National Title Ins
Russo Joseph Vernon $278,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherman Joe $380,000
Previous Owner Emdadi Shahla $87,900
Previous Owner Emdadi Shahla $650,000
Previous Owner Emdadi Shahla $177,500
Previous Owner Emdadi Shahla $56,000
Previous Owner Emdadi Shahla $565,000
Previous Owner Ravanpak Masoud $365,000
Previous Owner Tobolski Carole $151,500
Previous Owner Russo Joseph Vernon $250,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2013 07/09/13 Sold $635,000 -2.3% $454 / Sq Ft
04/30/2013 04/30/13 Price Changed $649,900 -1.5% $464 / Sq Ft
03/28/2013 03/28/13 For Sale $659,900 -- $471 / 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 $8,419 $778,418 $586,021 $192,397
2024 $8,419 $763,155 $574,530 $188,625
2023 $8,219 $748,192 $563,265 $184,927
2022 $8,079 $733,522 $552,221 $181,301
2021 $7,926 $719,140 $541,393 $177,747
2020 $7,911 $711,767 $535,842 $175,925
2019 $7,815 $697,811 $525,335 $172,476
2018 $7,664 $684,129 $515,034 $169,095
2017 $7,533 $670,715 $504,935 $165,780
2016 $7,372 $657,564 $495,034 $162,530
2015 $7,303 $647,687 $487,598 $160,089
2014 $7,136 $635,000 $478,046 $156,954
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13054147

California Regional Multiple Listing Service (CRMLS)

APN: 939-636-50