Seller's Agent in 2024
Jodi DiTolla
DiTolla Real Estate
(949) 228-7263
8 in this area
17 Total Sales
422 E Bay Ave Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $3,202,000 - $3,640,000
5
Beds
6
Baths
2,683
Sq Ft
$1,271/Sq Ft
Est. Value
Highlights
- Coastline Views
- New Construction
- Cape Cod Architecture
- Newport Elementary School Rated A
- Primary Bedroom Suite
- Fireplace in Primary Bedroom
About This Home
As of July 2024READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.
Last Agent to Sell the Property
DiTolla Real Estate Brokerage Phone: 949-228-7263 License #01969994 Listed on: 03/14/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28,298
Year Built
- Built in 2024 | New Construction
Lot Details
- 2,411 Sq Ft Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Direct Access Garage
- Oversized Parking
- Electric Vehicle Home Charger
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
Home Design
- Cape Cod Architecture
- Contemporary Architecture
Interior Spaces
- 2,683 Sq Ft Home
- 3-Story Property
- Great Room with Fireplace
- Coastline Views
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Jack-and-Jill Bathroom
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Central Air
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 22 / 2
- Tax Tract Number 95
- Assessor Parcel Number 04811113
- $380 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Water Sports
- Bike Trail
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2024
Closed on
Jun 7, 2024
Sold by
Modern Pacific Homes Llc
Bought by
Mosaad Fady and Sedarous Magy
Seller's Agent
Jodi DiTolla
DiTolla Real Estate
Buyer's Agent
Gabriel McKnight
KW The Lakes
List Price
$3,400,000
Sold Price
$3,100,000
Premium/Discount to List
-$300,000
-8.82%
Views
152
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
$311,396
Avg. Annual Appreciation
5.16%
Original Mortgage
$2,170,000
Outstanding Balance
$2,151,738
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$1,136,185
Purchase Details
Listed on
Feb 8, 2023
Closed on
Apr 18, 2023
Sold by
Bottini Jeff
Bought by
Modern Pacific Homes Llc
Seller's Agent
John Matheson
GREEN WORLD ASSOCIATES
Buyer's Agent
Jodi DiTolla
StoneWood Real Estate
List Price
$2,950,000
Sold Price
$2,600,000
Premium/Discount to List
-$350,000
-11.86%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.07%
Original Mortgage
$1,950,000
Interest Rate
6.6%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 9, 2018
Sold by
Manis Rosalia
Bought by
Bottini Jeff
Purchase Details
Closed on
Nov 28, 2017
Sold by
Caldwell Sandra
Bought by
Caldwell Sandra and Sandra Kay Caldwell Living Trust
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 |
|---|---|---|---|
| Mosaad Fady | $3,100,000 | First American Title | |
| Modern Pacific Homes Llc | $2,600,000 | First American Title | |
| Bottini Jeff | -- | First American Title | |
| Bottini Jeff | -- | None Available | |
| Caldwell Sandra | -- | Accommodation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mosaad Fady | $2,170,000 | |
| Previous Owner | Modern Pacific Homes Llc | $1,950,000 | |
| Previous Owner | Bennett Gladys E | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2024 07/01/24 | Sold | $3,100,000 | -8.8% | $1,155 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 03/14/2024 03/14/24 | For Sale | $3,400,000 | +30.8% | $1,267 / Sq Ft |
| 04/26/2023 04/26/23 | Sold | $2,600,000 | -5.5% | $2,070 / Sq Ft |
| 04/05/2023 04/05/23 | Pending | -- | -- | -- |
| 03/20/2023 03/20/23 | Price Changed | $2,750,000 | -6.8% | $2,189 / Sq Ft |
| 02/08/2023 02/08/23 | For Sale | $2,950,000 | -- | $2,349 / 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 | $28,298 | $3,100,000 | $3,062,728 | $37,272 |
| 2024 | $28,298 | $2,652,000 | $2,617,231 | $34,769 |
| 2023 | $18,217 | $1,701,527 | $1,669,266 | $32,261 |
| 2022 | $18,705 | $1,668,164 | $1,636,535 | $31,629 |
| 2021 | $18,625 | $1,635,455 | $1,604,446 | $31,009 |
| 2020 | $18,417 | $1,618,686 | $1,587,994 | $30,692 |
| 2019 | $18,090 | $1,586,948 | $1,556,857 | $30,091 |
| 2018 | $17,868 | $1,555,832 | $1,526,331 | $29,501 |
| 2017 | $2,219 | $67,808 | $56,206 | $11,602 |
| 2016 | $2,191 | $66,479 | $55,104 | $11,375 |
| 2015 | $2,207 | $65,481 | $54,276 | $11,205 |
| 2014 | $2,151 | $64,199 | $53,213 | $10,986 |
Source: Public Records
Agents Affiliated with this Home
-
Jodi DiTolla
-
Gabriel McKnight
Buyer's Agent in 2024
Gabriel McKnight
KW The Lakes
(619) 988-7998
1 in this area
32 Total Sales
-
J
Seller's Agent in 2023
John Matheson
GREEN WORLD ASSOCIATES
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24052384
APN: 048-111-13
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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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