NOT LISTED FOR SALE

500 Cagney Ln Unit 209 Newport Beach, CA 92663

Estimated Value: $638,745 - $749,000

1 Bed
1 Bath
814 Sq Ft
$409/mo HOA Fee

Last Sold March 31, 2016

Last sale price $355,000 $436 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,537/month

111 Days on Market

Highlights

  • Private Pool
  • Open Floorplan
  • Wood Flooring
  • Newport Heights Elementary Rated A
  • French Architecture
  • Sauna

About This Home

As of March 2016

Seller is Motivated!! Huge price reduction!!!This spacious one-bedroom condo is in walking distance to the beach, shopping & restaurants, freeway, John Wayne Airport & HOAG Hospital. Versailles is a welcoming "Resort-Like" community that offers Ocean Breezes and convenience. The Complex features Tree lined streets coupled with "French Architecture" to draw you into an enchanted dream of Beach Living. Swimming Pool, 2 Fitness Rooms, Ocean View Clubhouse, Wood Sauna, and built in barbeques. This property is perfect for those investors looking for rental income as the HOA permits 30 day monthly rentals or a second home. Property features Granite Countertops, Mahogany Wood Cabinetry, Marble Entry way and dining, Dual Pane Windows and sliding doors, Plantation Shutters, laminate wood flooring,Crown Molding, Dual sinks, 1 Subterranean Assigned Parking Place. Perks also include no other neighbors looking into your condo along with a nice balcony that has a sliver of an ocean view!!This is Entry Level, Fee Simple Ownership that will be a home of yours forever. HOA INCLUDES: Water, Trash, Insurance (Walls Out). Small Animals Permitted. Furniture included (Lazy Boy Chair, Electronics, and Bed Not Included).

Last Agent to Sell the Property

Jill Barnes

Realty One Group West License #01852246 Listed on: 11/06/2015

Last Buyer's Agent

Jill Barnes

First Team Estates License #01852246

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,724

Year Built

  • Built in 1971

HOA Fees

  • $409 Monthly HOA Fees

Parking

  • 41 Car Garage
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Home Design

  • French Architecture
  • Victorian Architecture

Interior Spaces

  • 814 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Dry Bar
  • Living Room
  • Security Lights
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Private Pool
  • Living Room Balcony
  • Patio
  • Terrace
  • Exterior Lighting

Additional Features

  • Accessible Elevator Installed
  • Two or More Common Walls
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 10587
  • Assessor Parcel Number 93676022

Community Details

Overview

  • 255 Units
  • Tsg Management Association, Phone Number (949) 645-6242
  • Greenbelt

Amenities

  • Community Barbecue Grill
  • Sauna
  • Laundry Facilities

Recreation

  • Community Pool
  • Community Spa

Security

  • Card or Code Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,724

Year Built

Built in 1971

Lot Details

0

HOA Fees

$409 per month

Parking

41

Listing Details

  • Assessments: Yes
  • Other Phone Description: 949-400-3580
  • Other Phone Number: 949-400-3580
  • Property Attached: Yes
  • Security: Automatic Gate, Card/Code Access, Security Lights, Fire Sprinkler System
  • Subdivision Name Other: Versailles (VERS)
  • View: No
  • Architectural Style: French, Victorian
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93676022
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 814.00
  • Interior Amenities: Balcony, Dry Bar, Granite Counters, Living Room Balcony, Open Floorplan
  • Stories: 3
  • Entry Location: Ground Level With Steps,Elevator
  • Common Walls: 2+ Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Levels: One
  • Price Per Square Foot: 436.12
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Terrace
  • Pool Features: Association, Community
  • Pool Private: Yes

Garage/Parking

  • Garage Spaces: 41.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 41.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Tankless Water Heater
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Pool, Sauna, Spa/Hot Tub
  • Association Fee: 409.00
  • Association Fee Frequency: Monthly
  • Association Name: TSG Management
  • Phone: 949-645-6242
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Greenbelt

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 255
  • Number Of Units Total: 255

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 10587

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2015
Closed on
Mar 1, 2016
Sold by
Ramos Rebecca T and Ramos Valerio R
Bought by
Davis Michelle R
Seller's Agent
Jill Barnes
Realty One Group West
Buyer's Agent
Jill Barnes
Realty One Group West
List Price
$385,000
Sold Price
$355,000
Premium/Discount to List
-$30,000
-7.79%
Current Estimated Value
$686,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,686
Avg. Annual Appreciation
7.25%

Purchase Details

Closed on
Jun 4, 2007
Sold by
Flynn Ella T
Bought by
Ramos Rebecca T and Ramos Valerio R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,800
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2003
Sold by
Mushnick Steve
Bought by
Flynn Martin A and Trust Agreement Martin A & Ella T Flynn

Purchase Details

Closed on
Jun 6, 1997
Sold by
Lockney Martin J and Lockney Amelia M
Bought by
Kaden Priscilla

Purchase Details

Closed on
Feb 23, 1994
Sold by
Lockney Martin J
Bought by
Lockney Martin J and Lockney Amelia M
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
Davis Michelle R $355,000 Bnt Title Company Of Ca
Ramos Rebecca T $377,500 Security Union Title
Flynn Martin A $200,000 United Title Company
Kaden Priscilla $96,000 Fidelity National Title Co
Lockney Martin J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Rebecca T $301,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $355,000 -5.3% $436 / Sq Ft
02/25/2016 02/25/16 Pending -- -- --
12/07/2015 12/07/15 Price Changed $375,000 -2.6% $461 / Sq Ft
11/06/2015 11/06/15 For Sale $385,000 -- $473 / 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 $4,724 $420,244 $350,306 $69,938
2024 $4,724 $412,004 $343,437 $68,567
2023 $4,610 $403,926 $336,703 $67,223
2022 $4,529 $396,006 $330,101 $65,905
2021 $4,445 $388,242 $323,629 $64,613
2020 $4,402 $384,262 $320,311 $63,951
2019 $4,317 $376,728 $314,030 $62,698
2018 $4,233 $369,342 $307,873 $61,469
2017 $4,160 $362,100 $301,836 $60,264
2016 $4,127 $367,520 $298,321 $69,199
2015 $4,086 $362,000 $293,840 $68,160
2014 $3,559 $314,000 $245,840 $68,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15242086

California Regional Multiple Listing Service (CRMLS)

APN: 936-760-22