NOT LISTED FOR SALE

Estimated Value: $6,483,759

2 Beds
2 Baths
5,100 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold December 24, 2014

Last sale price $3,200,000 $627 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $38,481/month

68 Days on Market

Highlights

  • Marina
  • 0.13 Acre Lot
  • Laundry Room
  • Newport Elementary School Rated A
  • No HOA
  • 3-minute walk to Lido Park

About This Home

As of December 2014

Outstanding mixed use loft building with office space on the ground level and a two-level residence above, parking for 7 cars plus handicap parking. Situated on a bright corner in the heart of Cannery Village on the Newport Peninsula, surrounded by 8 square blocks that are reminiscent of SoHo Village in New York City, with a beachy twist. The area's waterfront presence provides the best of both worlds, fusing city life with beach living luxury. The residential loft is 2 bedrooms & 2.5 bathrooms with ultra-modern finishes & designer amenities. The grand open space with dramatic windows provides the ultimate setting of relaxed living mixed with cutting-edge design. Finishes include polished concrete, stainless steel detailing, custom roll-up doors, European grade fixtures & custom lighting. Commercial space approx. 2700 sq. ft., residential space approx. 2300 sq.ft. (Buyer to verify, not taped.)

Last Agent to Sell the Property

Manny Stellino

Surterre Properties Inc. License #00912924 Listed on: 10/06/2014

Surterre Properties Inc.

Co-Listed By

Marlene Hassel

Villa Real Estate License #00999897

Last Buyer's Agent

Jason Nichols

Truss Realty Group License #01425221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41,129

Year Built

  • Built in 2001

Lot Details

  • 5,580 Sq Ft Lot
  • No Common Walls

Parking

  • 1 Car Garage
  • 2 Carport Spaces

Interior Spaces

  • 5,100 Sq Ft Home
  • Great Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 421
  • Assessor Parcel Number 04704232

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Marina

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $186,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41,129

Year Built

Built in 2001

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Central Newport (CNEW)
  • Property Type: Residential Income
  • Parcel Number: 04704232
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Great Room
  • Price Per Square Foot: 627.45
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 8.00

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5580.00
  • Lot Size Acres: 0.1280

Multi Family

  • Gross Income: 186000.00
  • Gross Scheduled Income: 186000.00
  • Lot Size Area: 5580.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Marina in Community

Tax Info

  • Tax Lot: 14
  • Tax Tract Number: 421
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2014
Closed on
Dec 18, 2014
Sold by
Gle 30Th St Newport Llc
Bought by
C N Properties Lp
Seller's Agent
Manny Stellino
Surterre Properties Inc.
Buyer's Agent
Jason Nichols
Truss Realty Group
List Price
$3,695,000
Sold Price
$3,200,000
Premium/Discount to List
-$495,000
-13.4%
Current Estimated Value
$6,483,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,283,759
Avg. Annual Appreciation
6.83%

Purchase Details

Listed on
Aug 30, 2012
Closed on
Oct 10, 2012
Sold by
Weeda Kevin
Bought by
Gle 30Th St Newport Llc
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Manny Stellino
Surterre Properties Inc.
List Price
$2,995,000
Sold Price
$2,875,000
Premium/Discount to List
-$120,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%

Purchase Details

Closed on
May 14, 2010
Sold by
Weeda Kevin
Bought by
A & C Properties Inc

Purchase Details

Closed on
Feb 9, 2006
Sold by
Brea Redevelopment Agency
Bought by
Weeda Kevin

Purchase Details

Closed on
Dec 20, 2005
Sold by
Weeda Kevin
Bought by
Weeda Kevin

Purchase Details

Closed on
Feb 8, 2005
Sold by
Weeda Katherine
Bought by
Weeda Kevin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2001
Sold by
Weeda Katherine
Bought by
Weeda Kevin D

Purchase Details

Closed on
Jan 25, 2000
Sold by
Lam Weeda Katherine
Bought by
Weeda Kevin
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
C N Properties Lp $3,200,000 Equity Title Company
Gle 30Th St Newport Llc $2,875,000 First American Title Company
A & C Properties Inc $1,000,000 First American Title Company
Weeda Kevin -- First American Title Ins Co
Weeda Kevin -- None Available
Weeda Kevin D -- First American Title Co
Weeda Kevin D -- Lawyers Title Company
Weeda Kevin -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weeda Kevin D $975,000
Previous Owner Weeda Kevin D $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2014 12/24/14 Sold $3,200,000 -13.4% $627 / Sq Ft
12/13/2014 12/13/14 Pending -- -- --
10/06/2014 10/06/14 For Sale $3,695,000 +28.5% $725 / Sq Ft
10/29/2012 10/29/12 Sold $2,875,000 -4.0% $563 / Sq Ft
10/23/2012 10/23/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $2,995,000 -- $586 / 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 $41,129 $3,845,919 $2,764,258 $1,081,661
2024 $41,129 $3,770,509 $2,710,057 $1,060,452
2023 $40,156 $3,696,578 $2,656,919 $1,039,659
2022 $39,479 $3,624,097 $2,604,823 $1,019,274
2021 $38,729 $3,553,037 $2,553,748 $999,289
2020 $38,355 $3,516,605 $2,527,562 $989,043
2019 $37,577 $3,447,652 $2,478,002 $969,650
2018 $36,834 $3,380,051 $2,429,413 $950,638
2017 $36,188 $3,313,776 $2,381,777 $931,999
2016 $35,382 $3,248,800 $2,335,075 $913,725
2015 $35,046 $3,200,000 $2,300,000 $900,000
2014 -- $2,888,052 $2,009,080 $878,972
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14214476

California Regional Multiple Listing Service (CRMLS)

APN: 047-042-32