NOT LISTED FOR SALE

Estimated Value: $3,784,628

2 Beds
4 Baths
2,450 Sq Ft
$1,545/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $3,525,000 $1,439 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $24,055/month

192 Days on Market

Highlights

  • Bay View
  • Primary Bedroom Suite
  • Open Floorplan
  • Newport Elementary School Rated A
  • Updated Kitchen
  • 3-minute walk to Lido Park

About This Home

As of August 2023

Extensively remodeled live and Work in, state-of-the-art contemporary Cannery Lofts in Newport Beach. This modern three-story masterpiece offers a downstairs commercial space of approximately 700 square feet with a private entrance as well as approximately 1,750 square feet of upstairs open-air living. A true live/work residence. Downstairs includes a large open Commercial Office Space that has its own separate entrance and its own full bathroom. Parking for 6 cars including an attached 2-car garage. The main living area consists of a spacious open and bright area with polished cement floors. Contemporary kitchen with stainless steel appliances, eating area, and great room. Both the eating area and great room have bi-folding glass doors that lead to an expansive terrace, perfect for entertaining or relaxing outdoors. The residence has two separate bedrooms upstairs each with its own bathroom and balcony, the upstairs also includes a spacious loft. Premium amenities include floor-to-ceiling windows throughout, large outdoor decks, Lanai bi-folding glass doors, strategically located skylights, stainless steel appliances, hardwood, polished concrete floors, and remote-controlled Lutron lights & shades.

Last Agent to Sell the Property

Shane Gillin

Coldwell Banker Realty License #02019836 Listed on: 12/01/2022

Coldwell Banker Realty

Co-Listed By

Marcus Gualter

Coldwell Banker Realty License #01079157

Last Buyer's Agent

Shane Gillin

Coldwell Banker Realty License #02019836 Listed on: 12/01/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,839

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 2,757 Sq Ft Lot
  • Landscaped
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • 3 Attached Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Combination Of Materials Used In The Driveway
  • Off-Street Parking

Property Views

  • Bay
  • Harbor
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Modern Architecture
  • Turnkey
  • Flat Roof Shape
  • Slab Foundation
  • Fire Rated Drywall
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,450 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Two Story Ceilings
  • Skylights
  • Recessed Lighting
  • Free Standing Fireplace
  • Insulated Windows
  • Custom Window Coverings
  • Sliding Doors
  • Insulated Doors
  • Entryway
  • Family Room Off Kitchen
  • Dining Room
  • Home Office
  • Loft
  • Bonus Room
  • Storage

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Living Room Balcony
  • Deck
  • Concrete Porch or Patio
  • Fire Pit
  • Exterior Lighting
  • Rain Gutters

Schools

  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 16292
  • Assessor Parcel Number 04703228
  • $693 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,839

Year Built

Built in 2004 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Cannery Village Lofts
  • View: Yes
  • Architectural Style: Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04703228
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2450.00 Square Feet
  • Interior Amenities: Balcony, High Ceilings, Living Room Balcony, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Two Story Ceilings
  • Stories: 3
  • Entry Location: Second story
  • Common Walls: No Common Walls
  • Flooring: Concrete, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Insulated Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Fireplace Features: Fire Pit, Free Standing
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1438.78
  • Room Type: All Bedrooms Up, Bonus Room, Den, Entry, Family Room, Kitchen, Loft, Master Bathroom, Master Bedroom, Master Suite, Office
  • Window Features: Custom Covering, Drapes, Insulated Windows, Skylight(s)
  • Bathroom Features: Shower, Double Sinks In Master Bath, Quartz Counters, Remodeled, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Quartz Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Bay, Harbor, Neighborhood, Peek-A-Boo
  • Fence: No
  • Patio And Porch Features: Concrete, Deck, Patio Open
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Direct Garage Access, Driveway, Driveway - Combination, Concrete, Garage, Garage Faces Rear, Garage - Two Door, Off Street
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Water Softener
  • Heating Type: Central, Zoned
  • Laundry Features: In Closet, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Gutters, Watersports, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified
  • Middle School: Ensign
  • High School: Newport Harbor
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 2757.00
  • Lot Size Acres: 0.0633
  • Latitude Manual: 33.61483900

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2757.0000 Square Feet
  • Number Of Units In Community: 22
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 2
  • Tax Tract Number: 16292
  • TaxOtherAnnualAssessmentAmount: 693.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2024
Sold by
Patterson Carl E and Ashley Crystal
Bought by
Cannery Loft Llc
Current Estimated Value
$3,784,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Outstanding Balance
$3,467,086
Interest Rate
5.2%
Mortgage Type
New Conventional
Estimated Equity
$352,292

Purchase Details

Listed on
Dec 1, 2022
Closed on
Jun 19, 2023
Sold by
Hc Property Holdings Llc
Bought by
Patterson Carl E and Patterson Ashley Crystal
Seller's Agent
Shane Gillin
Coldwell Banker Realty
Buyer's Agent
Shane Gillin
Coldwell Banker Realty
List Price
$4,095,000
Sold Price
$3,525,000
Premium/Discount to List
-$570,000
-13.92%
Views
162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$2,500,000
Interest Rate
5.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2015
Closed on
Apr 29, 2015
Sold by
Welbourn John Russell
Bought by
Hc Property Holdings Llc
Seller's Agent
Chris Brigandi
Arbor Real Estate
Buyer's Agent
Nicolai Glazer
Pacific Sotheby's Int'l Realty
List Price
$2,350,000
Sold Price
$2,180,000
Premium/Discount to List
-$170,000
-7.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%

Purchase Details

Closed on
Jan 29, 2007
Sold by
Faul John E
Bought by
Welbourn John Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2005
Sold by
Faul John E
Bought by
Faul John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,700
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 9, 2004
Sold by
Faul Courtney
Bought by
Faul John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,048,500
Interest Rate
1.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2004
Sold by
Cannery Lofts Lp
Bought by
Faul John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,048,500
Interest Rate
1.25%
Mortgage Type
Commercial
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
Cannery Loft Llc -- None Listed On Document
Cannery Loft Llc -- None Listed On Document
Patterson Carl E $3,525,000 First American Title
Hc Property Holdings Llc $2,180,000 Chicago Title Company
Welbourn John Russell $2,200,000 Stewart Title Irvine
Faul John E -- Alliance Title Company
Faul John E -- First American Title Co
Faul John E -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannery Loft Llc $3,500,000
Closed Cannery Loft Llc $3,500,000
Previous Owner Patterson Carl E $2,500,000
Previous Owner Welbourn John Russell $1,760,000
Previous Owner Faul John E $193,700
Previous Owner Faul John E $1,175,000
Previous Owner Faul John E $71,500
Previous Owner Faul John E $1,048,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $3,525,000 -7.1% $1,439 / Sq Ft
06/11/2023 06/11/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $3,795,000 -2.6% $1,549 / Sq Ft
01/23/2023 01/23/23 Price Changed $3,895,000 -4.9% $1,590 / Sq Ft
12/01/2022 12/01/22 For Sale $4,095,000 +87.8% $1,671 / Sq Ft
05/04/2015 05/04/15 Sold $2,180,000 -7.2% $890 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $2,350,000 -- $959 / 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 $37,839 $3,525,000 $2,947,091 $577,909
2024 $37,839 $3,525,000 $2,947,091 $577,909
2023 $27,367 $2,541,718 $1,963,809 $577,909
2022 $26,909 $2,491,881 $1,925,303 $566,578
2021 $26,396 $2,443,021 $1,887,552 $555,469
2020 $26,143 $2,417,971 $1,868,197 $549,774
2019 $25,607 $2,370,560 $1,831,565 $538,995
2018 $25,099 $2,324,079 $1,795,652 $528,427
2017 $24,658 $2,278,509 $1,760,443 $518,066
2016 $23,890 $2,213,245 $1,725,925 $487,320
2015 $23,664 $2,180,000 $1,693,301 $486,699
2014 $15,720 $1,434,483 $947,784 $486,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22247693

California Regional Multiple Listing Service (CRMLS)

APN: 047-032-28