501 E Bay Ave Newport Beach, CA 92661
Estimated Value: $2,629,000 - $3,902,000
5
Beds
3
Baths
2,515
Sq Ft
$1,283/Sq Ft
Est. Value
Highlights
- Peek-A-Boo Views
- Traditional Architecture
- Corner Lot
- Abraham Lincoln Elementary School Rated A
- Wood Flooring
- 1-minute walk to Balboa Island Park
About This Home
As of January 2017Owner may carry New First up to 800K at 3.9% interest only. Yachts, docks and shopping across the street. Two blocks in the other direction sits the most beautiful white sandy beach in all of America. Largest living space for the price, 3 garages plus off street parking. Largest Patio with Ocean Views in the area. This Sweet Heart Duplex Includes: 3BD, 2BA Upper Unit and a 2 BD 2 BA lower unit. Comfortable Open Living Room Dining Room Combo with Fireplace, Tile Flooring and Slider Access to Patio. Gourmet Kitchen with Fun Breakfast Serving Bar, Recessed Lighting, Granite Counters and Stainless Steel Built-In Appliances. Master Suite Includes Big Mirrored Sliders, Full Bathroom and Inside Laundry Area. Spacious Upper Balcony Is Just Perfect For Entertaining, BBQs and Spectacular Sunsets. Lovely Lower Unit Includes 2BD, 2BA with Tile Flooring, Comfortable Living Room with Fireplace and Kitchen with Nice Size Dining Area. Steps Away from Tasty Eateries, Boardwalk Fun and Charming Shops!
Last Agent to Sell the Property
David Fogg
Keller Williams Realty World Media Center License #01149065 Listed on: 09/29/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,037
Year Built
- Built in 1956
Lot Details
- 2,249 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Corner Lot
Parking
- 3 Car Garage
- Parking Available
Property Views
- Peek-A-Boo
- Neighborhood
Home Design
- Traditional Architecture
- Stucco
Interior Spaces
- 2,515 Sq Ft Home
- Partially Furnished
- Ceiling Fan
- Recessed Lighting
- Sliding Doors
- Living Room with Fireplace
- Granite Countertops
- Laundry Room
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Mirrored Closets Doors
- 3 Bathrooms
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Community Details
- 2 Units
- 2 Separate Water Meters
Listing and Financial Details
- Tax Lot 2249
- Tax Tract Number 104
- Assessor Parcel Number 04811501
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 29, 2016
Closed on
Dec 19, 2016
Sold by
Topolovich Christopher and Topolovich Barbara
Bought by
Herbert Mark and The Mark Herbert Family Trust
Seller's Agent
David Fogg
Keller Williams Realty World Media Center
Buyer's Agent
Brian Hopkins
Brian Hopkins, Broker
List Price
$1,795,000
Sold Price
$1,585,000
Premium/Discount to List
-$210,000
-11.7%
Total Days on Market
131
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
$1,641,102
Avg. Annual Appreciation
7.89%
Original Mortgage
$850,000
Outstanding Balance
$710,595
Interest Rate
4.03%
Mortgage Type
Seller Take Back
Estimated Equity
$2,288,471
Purchase Details
Listed on
Nov 21, 2014
Closed on
Feb 18, 2015
Sold by
Tjac Llc
Bought by
Topolovich Christopher and Topolovich Barbara
Seller's Agent
Lori Haines
JOHNHART CORP
Buyer's Agent
David Fogg
Keller Williams Realty World Media Center
List Price
$1,495,000
Sold Price
$1,475,000
Premium/Discount to List
-$20,000
-1.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%
Original Mortgage
$1,223,572
Interest Rate
3.66%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 1, 2005
Sold by
Ku Eugene
Bought by
Tjac Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.02%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 1, 2004
Sold by
Miller Klerer Donna
Bought by
Ku Eugene
Purchase Details
Closed on
Jan 10, 2003
Sold by
Miller Klerer Donna
Bought by
Miller Klerer Donna
Similar Homes in the area
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 |
|---|---|---|---|
| Herbert Mark | $1,585,000 | Lawyers Title | |
| Topolovich Christopher | $241,500 | Lawyers Title | |
| Tjac Llc | $1,500,000 | First American | |
| Ku Eugene | -- | California Title Company | |
| Miller Klerer Donna | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Herbert Mark | $850,000 | |
| Previous Owner | Topolovich Christopher | $1,223,572 | |
| Previous Owner | Tjac Llc | $1,200,000 | |
| Previous Owner | Ku Eugene | $965,000 | |
| Previous Owner | Ku Eugene E | $958,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2017 01/10/17 | Sold | $1,585,000 | -0.8% | $630 / Sq Ft |
| 12/11/2016 12/11/16 | Pending | -- | -- | -- |
| 11/01/2016 11/01/16 | Price Changed | $1,598,000 | -5.7% | $635 / Sq Ft |
| 10/14/2016 10/14/16 | Price Changed | $1,695,000 | -5.6% | $674 / Sq Ft |
| 09/29/2016 09/29/16 | Price Changed | $1,795,000 | 0.0% | $714 / Sq Ft |
| 09/29/2016 09/29/16 | For Sale | $1,795,000 | +5.9% | $714 / Sq Ft |
| 09/28/2016 09/28/16 | Pending | -- | -- | -- |
| 09/23/2016 09/23/16 | Price Changed | $1,695,000 | -5.6% | $674 / Sq Ft |
| 08/23/2016 08/23/16 | Price Changed | $1,795,000 | -5.3% | $714 / Sq Ft |
| 08/02/2016 08/02/16 | For Sale | $1,895,000 | +28.5% | $753 / Sq Ft |
| 02/20/2015 02/20/15 | Sold | $1,475,000 | -1.3% | $587 / Sq Ft |
| 01/28/2015 01/28/15 | Pending | -- | -- | -- |
| 11/21/2014 11/21/14 | For Sale | $1,495,000 | -- | $595 / 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 |
|---|---|---|---|---|
| 2024 | $23,037 | $2,151,993 | $1,711,906 | $440,087 |
| 2023 | $22,497 | $2,109,798 | $1,678,340 | $431,458 |
| 2022 | $22,124 | $2,068,430 | $1,645,431 | $422,999 |
| 2021 | $21,700 | $2,027,873 | $1,613,168 | $414,705 |
| 2020 | $21,492 | $2,007,080 | $1,596,627 | $410,453 |
| 2019 | $21,047 | $1,967,726 | $1,565,321 | $402,405 |
| 2018 | $19,527 | $1,726,089 | $1,534,629 | $191,460 |
| 2017 | $17,785 | $1,527,442 | $1,443,280 | $84,162 |
| 2016 | $17,384 | $1,497,493 | $1,414,981 | $82,512 |
| 2015 | $19,730 | $1,705,601 | $1,610,673 | $94,928 |
| 2014 | $19,243 | $1,672,191 | $1,579,122 | $93,069 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2017
David Fogg
Keller Williams Realty World Media Center
-
Brian Hopkins
B
Buyer's Agent in 2017
Brian Hopkins
Brian Hopkins, Broker
(949) 599-1700
19 Total Sales
-
Lori Haines
Seller's Agent in 2015
Lori Haines
JOHNHART CORP
(626) 945-7060
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB16169152
APN: 048-115-01
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