NOT LISTED FOR SALE

508 San Bernardino Ave Newport Beach, CA 92663

Newport Heights Neighborhood

Estimated Value: $3,221,000 - $4,146,000

4 Beds
2 Baths
1,879 Sq Ft
$1,956/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $1,775,000 $945 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $21,406/month

14 Days on Market

Highlights

  • Private Pool
  • No HOA
  • Forced Air Heating System
  • Newport Heights Elementary Rated A
  • Laundry Room
  • 4-minute walk to Cliff Drive Park

About This Home

As of November 2018

A great opportunity to own in coveted Newport Heights. This home is a perfect development opportunity, or a great canvas to remodel to your taste. Situated on one of the most desirable streets in Newport Heights, this home boasts a spacious appx 1900 square feet with a large lot featuring a pool perfect for entertaining. Seller has plans for a 4,000 square foot modern home and will share them. A great development or rehab opportunity!

Last Agent to Sell the Property

Sunil Mehta

Real Estate Xperts Inc. License #01485497 Listed on: 10/09/2018

Last Buyer's Agent

William Morris

Innovate Realty, Inc. License #01516271

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,988

Year Built

  • Built in 1950

Lot Details

  • 6,375 Sq Ft Lot
  • Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,879 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 256
  • Assessor Parcel Number 04902402

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,988

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04902402
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1879.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 944.65
  • Room Type: Family Room

Exterior Features

  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6375.00
  • Lot Size Acres: 0.1463

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6375.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 634.00
  • Tax Lot: 3
  • Tax Tract Number: 256

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2018
Closed on
Nov 19, 2018
Sold by
O Rhyam Capital Management Llc
Bought by
Mccormick Matthew and Mccormick Jessica
Seller's Agent
Sunil Mehta
Real Estate Xperts Inc.
Buyer's Agent
William Morris
Innovate Realty, Inc.
List Price
$1,799,000
Sold Price
$1,775,000
Premium/Discount to List
-$24,000
-1.33%
Current Estimated Value
$3,674,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,899,986
Avg. Annual Appreciation
8.20%
Original Mortgage
$1,327,500
Outstanding Balance
$1,196,296
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,846,600

Purchase Details

Closed on
Feb 2, 2018
Sold by
Lubeck Daniel J
Bought by
O Rhyan Capital Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,222,000
Interest Rate
4.22%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 7, 2014
Sold by
Lubeck Daniel J
Bought by
Lubeck Daniel J and Oldco Living Trust

Purchase Details

Closed on
Aug 25, 2003
Sold by
Lubeck Daniel J
Bought by
Lubeck Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,500
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1995
Sold by
Lubeck Suzy A
Bought by
Lubeck Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.25%

Purchase Details

Closed on
Oct 24, 1995
Sold by
Wagner John
Bought by
Lubeck Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
7.25%

Purchase Details

Closed on
Jun 19, 1995
Sold by
Magner Linda Resos
Bought by
Magner John
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mccormick Matthew $1,775,000 Ticor Title
O Rhyan Capital Management Llc $1,527,500 Ticor Title
Lubeck Daniel J -- None Available
Lubeck Daniel J -- None Available
Lubeck Daniel J -- Equity Title Company
Lubeck Daniel J -- Chicago Title
Lubeck Daniel J $390,000 Chicago Title Co
Magner John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccormick Matthew $1,327,500
Previous Owner O Rhyan Capital Management Llc $1,222,000
Previous Owner Lubeck Daniel J $652,000
Previous Owner Lubeck Daniel J $500,000
Previous Owner Lubeck Daniel J $242,200
Previous Owner Lubeck Daniel J $100,000
Previous Owner Lubeck Daniel J $482,500
Previous Owner Lubeck Daniel J $485,000
Previous Owner Lubeck Daniel J $432,000
Previous Owner Lubeck Daniel J $330,000
Previous Owner Lubeck Daniel J $312,000
Closed Lubeck Daniel J $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $1,775,000 -1.3% $945 / Sq Ft
10/03/2018 10/03/18 For Sale $1,799,000 -- $957 / 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 $23,988 $2,287,201 $1,867,918 $419,283
2024 $23,988 $2,242,354 $1,831,292 $411,062
2023 $23,426 $2,198,387 $1,795,385 $403,002
2022 $23,037 $2,155,282 $1,760,182 $395,100
2021 $22,596 $2,113,022 $1,725,669 $387,353
2020 $19,422 $1,810,500 $1,707,975 $102,525
2019 $19,021 $1,775,000 $1,674,485 $100,515
2018 $6,340 $569,408 $467,371 $102,037
2017 $6,229 $558,244 $458,207 $100,037
2016 $6,091 $547,299 $449,223 $98,076
2015 $6,032 $539,079 $442,476 $96,603
2014 $5,891 $528,520 $433,809 $94,711
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Sunil Mehta

    Real Estate Xperts Inc.

    Section Image

  • W

    Buyer's Agent in 2018

    William Morris

    Innovate Realty, Inc.

    (949) 413-2903

    27 Total Sales

    William Morris
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18240920

California Regional Multiple Listing Service (CRMLS)

APN: 049-024-02

California Orange County Newport Beach 92663 Newport Heights

508 San Bernardino Ave, Newport Beach, CA

This home is located at 508 San Bernardino Ave, Newport Beach, CA 92663 since 09 October 2018 and is currently estimated at $3,674,986, approximately $1,955 per square foot. This property was built in 1950. 508 San Bernardino Ave is a home located in Orange County with nearby schools including Newport Heights Elementary, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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