NOT LISTED FOR SALE

516 1/2 Bolsa Ave Newport Beach, CA 92663

Newport Heights Neighborhood

Estimated Value: $2,483,603 - $2,739,000

5 Beds
4 Baths
3,261 Sq Ft
2006 Built

Last Sold May 21, 2020

Last sale price $1,585,000 $486 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $15,386/month

35 Days on Market

Highlights

  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Cathedral Ceiling
  • Newport Heights Elementary Rated A
  • Traditional Architecture
  • Wood Flooring

About This Home

As of May 2020

This turnkey home offers spacious family living and is located on a quiet street in Newport Heights. Attached on one side and with over 3200 square feet of interior living space, this home is one of the best “price per square foot” values in Newport Heights. The floor plan is very functional offering five bedrooms and four baths, one bedroom and bath on the main level and four bedrooms up. Beautifully updated with white oak plank flooring throughout the lower level. The Cook’s kitchen is top of the line with Viking appliances, Island, porcelain countertops, Carrera marble back splash and custom lighting. The Family room has custom cabinetry with dry bar and wine fridge. The upstairs level is air-conditioned and offers four spacious bedrooms with three baths including the lovely master suite with vaulted ceilings, fireplace, private balcony, built-in cabinets, office nook and huge walk-in closet with built-in storage. The master bath has a soaking tub, stand alone shower, dual sinks and makeup vanity. This location offers easy access to neighborhood schools, parks, restaurants and shopping. In addition, just minutes away from Balboa Peninsula and the beach.

Last Agent to Sell the Property

Bob Coluccio

Surterre Properties Inc. License #01085115 Listed on: 03/02/2020

Surterre Properties Inc.

Last Buyer's Agent

Travis White

Real Broker License #01916857

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,315

Year Built

  • Built in 2006

Lot Details

  • 1 Common Wall
  • Block Wall Fence
  • Landscaped
  • Front and Side Yard Sprinklers
  • Lawn

Parking

  • 2 Car Direct Access Garage
  • Rear-Facing Garage
  • No Driveway
  • On-Street Parking
  • Off-Site Parking

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Interior Block Wall
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,261 Sq Ft Home
  • Wired For Sound
  • Built-In Features
  • Dry Bar
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Custom Window Coverings
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Storage

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Six Burner Stove
  • Gas Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

Outdoor Features

  • Balcony
  • Patio
  • Rain Gutters
  • Front Porch

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 93735146

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,315

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: No
  • Zoning: R-1
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93735146
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3261.00 Square Feet
  • Interior Amenities: Balcony, Block Walls, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Dry Bar, High Ceilings, Recessed Lighting, Storage, Wired for Sound
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Fireplace Features: Living Room, Master Bedroom, Gas, Gas Starter, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 486.05
  • Room Type: Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Window Features: Custom Covering, Double Pane Windows, Drapes, Insulated Windows, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block
  • Patio And Porch Features: Brick, Front Porch
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, No Driveway, Off Site, Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Double Oven, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Forced Air, Natural Gas, Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Gutters

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Level with Street, Level, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer, Walkstreet

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2020
Closed on
May 7, 2020
Sold by
Coluccio Rett and Coluccio Lindsay
Bought by
Fadil Alexander and Rebeil Paris
Seller's Agent
Bob Coluccio
Surterre Properties Inc.
Buyer's Agent
Travis White
Real Broker
List Price
$1,695,000
Sold Price
$1,585,000
Premium/Discount to List
-$110,000
-6.49%
Current Estimated Value
$2,624,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,039,401
Avg. Annual Appreciation
9.90%
Original Mortgage
$1,268,900
Outstanding Balance
$1,126,880
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$1,497,521

Purchase Details

Closed on
Mar 24, 2008
Sold by
V2v Properties Bolsa Nb Llc
Bought by
Coluccio Rett and Coluccio Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.8%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

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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
Fadil Alexander $1,585,000 California Title Company
Coluccio Rett $1,024,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fadil Alexander $1,268,900
Previous Owner Coluccio Rett $623,000
Previous Owner Coluccio Rett $50,000
Previous Owner Coluccio Rett $625,500
Previous Owner Coluccio Rett $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2020 05/21/20 Sold $1,585,000 -6.5% $486 / Sq Ft
03/02/2020 03/02/20 For Sale $1,695,000 -- $520 / 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 $18,315 $1,733,426 $1,066,222 $667,204
2024 $18,315 $1,699,438 $1,045,316 $654,122
2023 $17,886 $1,666,116 $1,024,819 $641,297
2022 $17,572 $1,633,448 $1,004,725 $628,723
2021 $17,228 $1,601,420 $985,024 $616,396
2020 $13,320 $1,229,566 $524,917 $704,649
2019 $13,048 $1,205,457 $514,624 $690,833
2018 $12,790 $1,181,821 $504,533 $677,288
2017 $12,565 $1,158,649 $494,641 $664,008
2016 $12,283 $1,135,931 $484,942 $650,989
2015 $12,164 $1,118,869 $477,658 $641,211
2014 $11,877 $1,096,952 $468,301 $628,651
Source: Public Records

Agents Affiliated with this Home

  • Bob Coluccio

    Seller's Agent in 2020

    Bob Coluccio

    Surterre Properties Inc.

    (949) 510-2594

    11 Total Sales

    Bob Coluccio
    Section Image
  • Travis White

    Buyer's Agent in 2020

    Travis White

    Real Broker

    (949) 940-5865

    2 in this area

    9 Total Sales

    Travis White
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20045764

California Regional Multiple Listing Service (CRMLS)

APN: 937-351-46

California Orange County Newport Beach 92627 Newport Heights

516 1/2 Bolsa Ave, Newport Beach, CA

This home is located at 516 1/2 Bolsa Ave, Newport Beach, CA 92663 since 02 March 2020 and is currently estimated at $2,624,401, approximately $804 per square foot. This property was built in 2006. 516 1/2 Bolsa 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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