NOT LISTED FOR SALE

521 Bolsa Ave Newport Beach, CA 92663

Newport Heights Neighborhood

Estimated Value: $2,620,000 - $3,780,000

3 Beds
2 Baths
1,126 Sq Ft
$2,777/Sq Ft Est. Value

Last Sold September 14, 2016

Last sale price $1,450,000 $1,288 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $16,578/month

22 Days on Market

Highlights

  • Ocean Side of Freeway
  • Paved or Partially Paved Lot
  • Back and Front Yard
  • Newport Heights Elementary Rated A

About This Home

As of September 2016

Great Newport Heights location. Quiet street with minimal traffic. Existing house to be renovated or torn down. Existed unit can be rented and second unit can be built in back. Location is well suited for new custom home, custom home with separate casita, two large condos, large live/rent duplex, remodel existing home and add 3 car garage with living above or live in front unit and build garage with living to move into before starting front unit remodel or new construction. So many options! Property is zoned R-2 which allow two separate homes/condos. Possible ocean view if third story roof deck is built on new structure.

Last Agent to Sell the Property

Marco Baljeu

Compass Real Estate License #01184607 Listed on: 07/18/2016

Compass Real Estate

Last Buyer's Agent

Jeffrey Axton

RE/MAX TerraSol License #01125145

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 6,125 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard

Parking

  • 1 Car Garage

Home Design

  • 1,126 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Ocean Side of Freeway
  • Rain Gutters

Location

  • Suburban Location

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $900
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $16,275
  • Gross Income $3,000
  • Net Operating Income $17,025

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 27
  • Assessor Parcel Number 42529211

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Newport Heights (NEWH)
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 42529211
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 1287.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level, Paved
  • Lot Size Sq Ft: 6125.00
  • Price Per Lot Square Foot: 244.08

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 900.00
  • Net Operating Income: 17025.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 18975.00
  • Rent Control: No
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 16275.00
  • Tax Lot: 9
  • Tax Tract Number: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2018
Sold by
Jemma Investments Llc
Bought by
Samson Leora Faye
Current Estimated Value
$3,126,916

Purchase Details

Closed on
Dec 14, 2018
Sold by
Jemma Investments Llc
Bought by
Jemma Investments Llc

Purchase Details

Closed on
Sep 12, 2018
Sold by
Jemma Investments Llc
Bought by
Mackay Scripps Eaton and Krogman Scripps Margaret

Purchase Details

Listed on
Jul 18, 2016
Closed on
Aug 30, 2016
Sold by
Cefalia Cathy Lynn
Bought by
Cefalia James John
Seller's Agent
Marco Baljeu
Compass Real Estate
Buyer's Agent
Jeffrey Axton
RE/MAX TerraSol
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.83%
Original Mortgage
$613,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 18, 2016
Closed on
Aug 12, 2016
Sold by
Reuter Jeffrey Scott
Bought by
Jemma Investments Llc
Seller's Agent
Marco Baljeu
Compass Real Estate
Buyer's Agent
Jeffrey Axton
RE/MAX TerraSol
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jul 12, 2016
Sold by
Okonski Judith A
Bought by
Reuter Jeffrey Scott
Seller's Agent
Ruben Martinez
Fiduciary Real Estate Services
Buyer's Agent
Marco Baljeu
Compass Real Estate/Compass Home Realty
List Price
$1,120,000
Sold Price
$1,286,750
Premium/Discount to List
$166,750
14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$613,000
Interest Rate
3.48%
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
Samson Leora Faye $1,975,000 Fidelity National Title Grou
Jemma Investments Llc -- Fidelity National Title Grou
Mackay Scripps Eaton $1,995,000 Fntg Builder Svcs
Cefalia James John -- First American Title Co Resi
Jemma Investments Llc $1,450,000 First American Title Company
Reuter Jeffrey Scott $1,287,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cefalia James John $613,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2016 09/14/16 Sold $1,450,000 -3.0% $1,288 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
07/28/2016 07/28/16 Price Changed $1,495,000 +16.2% $1,328 / Sq Ft
07/18/2016 07/18/16 Sold $1,286,750 -17.0% $1,143 / Sq Ft View Prior Sale
07/18/2016 07/18/16 For Sale $1,550,000 +38.4% $1,377 / Sq Ft
04/22/2016 04/22/16 For Sale $1,120,000 0.0% $995 / Sq Ft
02/06/2016 02/06/16 Pending -- -- --
01/07/2016 01/07/16 For Sale $1,120,000 -- $995 / 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 -- -- -- --
2024 -- -- -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $19,161 $1,806,235 $1,447,897 $358,338
2017 $15,710 $1,450,000 $1,419,507 $30,493
2016 $927 $46,572 $31,211 $15,361
2015 $915 $45,873 $30,742 $15,131
2014 $894 $44,975 $30,140 $14,835
Source: Public Records

Agents Affiliated with this Home

  • Ruben Martinez

    Seller's Agent in 2016

    Ruben Martinez

    Fiduciary Real Estate Services

    (714) 371-3269

    170 Total Sales

    Ruben Martinez
    Section Image

  • M

    Seller's Agent in 2016

    Marco Baljeu

    Compass Real Estate

    (949) 202-5265

    9 Total Sales

    Marco Baljeu
    Section Image

  • J

    Buyer's Agent in 2016

    Jeffrey Axton

    RE/MAX

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16157080

California Regional Multiple Listing Service (CRMLS)

APN: 425-292-14

California Orange County Newport Beach 92627 Newport Heights

521 Bolsa Ave, Newport Beach, CA

This home is located at 521 Bolsa Ave, Newport Beach, CA 92663 since 18 July 2016 and is currently estimated at $3,126,916, approximately $2,777 per square foot. This property was built in 1931. 521 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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