NOT LISTED FOR SALE

500 Cagney Ln Unit 117 Newport Beach, CA 92663

Estimated Value: $719,000 - $932,000

2 Beds
2 Baths
920 Sq Ft
$422/mo HOA Fee

Last Sold May 05, 2017

Last sale price $492,500 $535 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $5,396/month

15 Days on Market

Highlights

  • Fitness Center
  • Spa
  • Gated Parking
  • Newport Heights Elementary Rated A
  • Primary Bedroom Suite
  • Gated Community

About This Home

As of May 2017

This home near the sand of Newport Beach can be yours. A great room floor plan makes for comfortable gathering. The updated kitchen features stainless steel appliances and granite counter tops. Easy care laminate flooring nicely accommodates sandy feet throughout the main areas of the home. The master bedroom boasts a full wall of closets and en-suite bath with travertine flooring. Bedroom two is well sized for bedroom or office. The French-inspired Versailles tract maintains vintage charm, while providing updated resort-style amenities including a pool/spa (wrapping up a $300k renovation this spring), workout rooms, clubhouse with peek ocean and harbor views, gated entry and more. The building has secured underground parking for one car with private storage closet, and a second spot can be leased for a nominal monthly fee. Location is key, and this home offers easy access to the beach, upscale shopping and dining hotspots along the coast, while being less than 2 miles to the Costa Mesa freeway for an easy commute. Sunset Park, with views of the Pacific Ocean, Newport Harbor and Catalina Island is steps away from your door. Whether this is your first home, or your first vacation home, life at the coast is waiting for you to cross the threshold.

Last Agent to Sell the Property

Karen Walsh

Realty One Group West License #01306510 Listed on: 03/22/2017

Realty One Group West

Last Buyer's Agent

PHYLLIS FRITZ

HILL TOP REAL ESTATE License #00837019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,285

Year Built

  • Built in 1971

Lot Details

  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $422 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Gated Parking
  • Assigned Parking
  • Controlled Entrance
  • Community Parking Structure

Interior Spaces

  • 920 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Stone

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom Suite

Outdoor Features

  • Spa
  • Living Room Balcony

Location

  • Property is near public transit

Utilities

  • Radiant Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 10587
  • Assessor Parcel Number 93676011

Community Details

Overview

  • Fs Residential Association, Phone Number (800) 428-5588

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Card Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction
  • Pet Size Limit

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,285

Year Built

Built in 1971

Lot Details

0

HOA Fees

$422 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerator
  • Property Attached: Yes
  • Security: Gated Community
  • Subdivision Name Other: Versailles (VERS)
  • View: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93676011
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 920.00 Square Feet
  • Interior Amenities: Balcony, Elevator, Granite Counters, Living Room Balcony, Open Floorplan
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Below
  • Flooring: Carpet, Laminate, Stone
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 535.33
  • Room Type: All Bedrooms Down, Kitchen, Master Suite
  • Spa Features: Association
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Pool Features: Association, Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Gated
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Barbecue, Gym/Ex Room, Clubhouse, Card Room, Trash, Water, Pet Rules, Weight Limit, Call for Rules, Controlled Access
  • Association Fee: 422.25
  • Association Fee Frequency: Monthly
  • Association Name: FS Residential
  • Phone: 800.428.5588
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 636.03
  • Tax Lot: 1
  • Tax Tract Number: 10587

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2017
Closed on
Mar 6, 2017
Sold by
Daniels Todd Allen and Howard Shani Lynn
Bought by
New Beach Llc
Seller's Agent
Karen Walsh
Realty One Group West
Buyer's Agent
PHYLLIS FRITZ
HILL TOP REAL ESTATE
List Price
$475,000
Sold Price
$492,500
Premium/Discount to List
$17,500
3.68%
Current Estimated Value
$818,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,825
Avg. Annual Appreciation
6.30%

Purchase Details

Closed on
Mar 3, 2014
Sold by
Howard Shani L
Bought by
The Howard Daniels Living Trust and Howard Shani Lynn

Purchase Details

Closed on
Jan 4, 2005
Sold by
Courshon Richard
Bought by
Howard Shani L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,900
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2002
Sold by
Donahue John D
Bought by
Courshon Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,447
Interest Rate
6.06%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1999
Sold by
Myerchin Angeline
Bought by
Donahue John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 1998
Sold by
Myerchin John S
Bought by
Myerchin Angeline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Interest Rate
6.93%

Purchase Details

Closed on
Jul 24, 1998
Sold by
Pohl Danny and Pohl Tracey
Bought by
Myerchin Angeline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Interest Rate
6.93%

Purchase Details

Closed on
Mar 28, 1996
Sold by
Union Resources Ltd Partnership
Bought by
Pohl Danny and Pohl Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,700
Interest Rate
7.82%

Purchase Details

Closed on
Oct 3, 1993
Sold by
Statewide Lenders Services Inc
Bought by
Newport Pacific Funding Corp
Source: Public Records

Range of Values:

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Average Value
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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
New Beach Llc $492,500 Lawyers Title
The Howard Daniels Living Trust -- None Available
Howard Shani L $460,000 California Title Company
Courshon Richard $265,000 American Title Co
Donahue John D $166,000 Stewart Title
Myerchin Angeline -- Stewart Title
Myerchin Angeline $145,500 Stewart Title
Pohl Danny $115,500 First Southwestern Title
Newport Pacific Funding Corp $168,864 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Howard Shani L $357,900
Previous Owner Courshon Richard $82,000
Previous Owner Courshon Richard $278,400
Previous Owner Courshon Richard $257,447
Previous Owner Donahue John D $190,000
Previous Owner Donahue John D $161,000
Previous Owner Myerchin Angeline $130,950
Previous Owner Pohl Danny $109,700
Closed Courshon Richard $14,500
Closed Howard Shani L $10,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2017 05/05/17 Sold $492,500 +3.7% $535 / Sq Ft
04/06/2017 04/06/17 Pending -- -- --
03/22/2017 03/22/17 For Sale $475,000 0.0% $516 / Sq Ft
02/26/2016 02/26/16 Rented $2,100 0.0% --
02/21/2016 02/21/16 Under Contract -- -- --
02/12/2016 02/12/16 Price Changed $2,100 -4.5% $2 / Sq Ft
01/22/2016 01/22/16 Price Changed $2,200 -4.3% $2 / Sq Ft
01/02/2016 01/02/16 For Rent $2,300 +15.0% --
05/18/2014 05/18/14 Rented $2,000 +5.5% --
05/18/2014 05/18/14 For Rent $1,895 -- --
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 $6,285 $571,585 $497,283 $74,302
2024 $6,285 $560,378 $487,532 $72,846
2023 $6,135 $549,391 $477,973 $71,418
2022 $6,029 $538,619 $468,601 $70,018
2021 $5,916 $528,058 $459,412 $68,646
2020 $5,859 $522,644 $454,701 $67,943
2019 $5,743 $512,397 $445,786 $66,611
2018 $5,631 $502,350 $437,045 $65,305
2017 $5,201 $468,000 $392,107 $75,893
2016 $5,182 $468,000 $392,107 $75,893
2015 $4,518 $403,000 $327,107 $75,893
2014 $3,979 $354,000 $278,107 $75,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17060160

California Regional Multiple Listing Service (CRMLS)

APN: 936-760-11