Seller's Agent in 2024
Steven Miles
RE/MAX
(310) 924-7697
2 in this area
30 Total Sales
5505 River Ave Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated Value: $3,912,000 - $4,384,913
3
Beds
3
Baths
2,326
Sq Ft
$1,766/Sq Ft
Est. Value
Highlights
- White Water Ocean Views
- Wine Cellar
- 2 Car Attached Garage
- Newport Elementary School Rated A
- Main Floor Bedroom
- Living Room
About This Home
As of May 2024Location , Location , Location!! A rarely available modern ocean-view home located just steps away from the sand! This newly remodeled home ona premier corner location offers ultra-luxurious beach living with three bedrooms, three baths, a bonus room, and an oversized first-floor patio.There are decks on each level, including one on the rooftop, that offer plenty of space for entertaining or relaxing while taking in the white waterviews. This modern home features an open-concept gourmet kitchen with a 6-burner Wolf gas range, a built-in Wolf microwave combo, a Boschdishwasher, a Sub-Zero refrigerator, custom cabinetry, porcelain slab countertops and backsplash, and an impressive oversized kitchen island. Thekitchen opens to the living and dining rooms and a second-story deck. The primary suite, which occupies the entire third level, is the perfect retreat with high ceilings, a private deck, and an incredible spa-like bath with custom stonework, dual sinks, a soaking tub, a walk-in shower, and two walk-in closets with custom built-ins. Other amenities include new wide-plank engineered hardwood flooring, security surveillance, a customoutdoor kitchen with Twin Eagles appliances, an in-ground fire pit, dual tankless water heaters, a water softener system, a fully enclosed outdoorshower, and much more. The front patio and side yard are fully landscaped with sitting areas and a fountain. There is a two-car garage, andadditional community guest parking spots are available. Enjoy beach living at its finest with the amenities of the Echo 56 Community, complete with private parking, landscaped walkways, and access to the best beach and surf in Newport Beach. This property is truly ideal as a primaryresidence or vacation home.
Last Agent to Sell the Property
RE/MAX College Park Realty License #01735350 Listed on: 05/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $34,251
Year Built
- Built in 2017
Lot Details
- 2,326 Sq Ft Lot
- Drip System Landscaping
- Sprinklers on Timer
HOA Fees
- $235 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Property Views
- White Water Ocean
- Coastline
- Catalina
- Bluff
Home Design
- Entry on the 1st floor
- Planned Development
Interior Spaces
- 2,326 Sq Ft Home
- 3-Story Property
- Wine Cellar
- Living Room
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Newport Elementary School
- Ensign Middle School
- Newport Harbor High School
Additional Features
- Exterior Lighting
- Central Air
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 17194
- Assessor Parcel Number 93061516
- $375 per year additional tax assessments
Community Details
Overview
- Echo 56 Association, Phone Number (949) 367-9430
- Crummack Huseby HOA
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 15, 2024
Sold by
Iovino Carmen
Bought by
Carmen Lovino Irrevocable Trust and Lovino
Current Estimated Value
Purchase Details
Listed on
May 9, 2024
Closed on
Apr 5, 2024
Sold by
Ung Revocable Living Trust and Ung Kimhouy M
Bought by
Iovino Carmen
Seller's Agent
Steven Miles
RE/MAX College Park Realty
Buyer's Agent
Steven Miles
RE/MAX College Park Realty
List Price
$4,100,000
Sold Price
$4,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Purchase Details
Listed on
Jun 9, 2021
Closed on
Nov 11, 2021
Sold by
Warner Dennis R and Warner Lisa Ann
Bought by
Ung Kimhouy M and The Ung Revocable Living Trust
Seller's Agent
Tori Rimlinger
Compass
Buyer's Agent
Steven Miles
RE/MAX College Park Realty
List Price
$3,199,000
Sold Price
$3,100,000
Premium/Discount to List
-$99,000
-3.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Purchase Details
Listed on
Jun 5, 2020
Closed on
Aug 3, 2020
Sold by
Fix Christopher Reed
Bought by
Warner Dennis R and Warner Lisa Ann
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
Tori Rimlinger
Compass
List Price
$2,795,000
Sold Price
$2,700,000
Premium/Discount to List
-$95,000
-3.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Purchase Details
Listed on
Jul 22, 2017
Closed on
Nov 30, 2017
Sold by
Taylor Morrison Of California
Bought by
Fix Christopher Reed
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
Cassie Hammond
Surterre Properties Inc.
List Price
$2,502,023
Sold Price
$2,500,000
Premium/Discount to List
-$2,023
-0.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.90%
Original Mortgage
$2,000,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Carmen Lovino Irrevocable Trust | -- | None Listed On Document | |
| Iovino Carmen | $4,100,000 | Wfg National Title | |
| Ung Kimhouy M | $3,100,000 | Wfg National Title Company | |
| Warner Dennis R | $2,700,000 | Chicago Title Company | |
| Fix Christopher Reed | $2,500,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Fix Christopher Reed | $2,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2024 05/09/24 | For Sale | $4,100,000 | 0.0% | $1,763 / Sq Ft |
| 05/08/2024 05/08/24 | Sold | $4,100,000 | +32.3% | $1,763 / Sq Ft |
| 04/18/2024 04/18/24 | Pending | -- | -- | -- |
| 11/30/2021 11/30/21 | Sold | $3,100,000 | 0.0% | $1,333 / Sq Ft |
| 10/14/2021 10/14/21 | Price Changed | $3,099,000 | -3.1% | $1,332 / Sq Ft |
| 10/13/2021 10/13/21 | For Sale | $3,199,000 | +3.2% | $1,375 / Sq Ft |
| 10/13/2021 10/13/21 | Off Market | $3,100,000 | -- | -- |
| 09/21/2021 09/21/21 | Price Changed | $3,199,000 | -2.7% | $1,375 / Sq Ft |
| 09/20/2021 09/20/21 | For Sale | $3,289,000 | +6.1% | $1,414 / Sq Ft |
| 09/17/2021 09/17/21 | Off Market | $3,100,000 | -- | -- |
| 08/20/2021 08/20/21 | For Sale | $3,289,000 | +6.1% | $1,414 / Sq Ft |
| 08/18/2021 08/18/21 | Off Market | $3,100,000 | -- | -- |
| 07/29/2021 07/29/21 | Price Changed | $3,289,000 | -1.5% | $1,414 / Sq Ft |
| 07/23/2021 07/23/21 | For Sale | $3,339,000 | +7.7% | $1,436 / Sq Ft |
| 07/18/2021 07/18/21 | Off Market | $3,100,000 | -- | -- |
| 06/09/2021 06/09/21 | For Sale | $3,339,000 | +23.7% | $1,436 / Sq Ft |
| 08/25/2020 08/25/20 | Sold | $2,700,000 | -3.4% | $1,161 / Sq Ft |
| 06/05/2020 06/05/20 | For Sale | $2,795,000 | +11.8% | $1,202 / Sq Ft |
| 12/18/2017 12/18/17 | Sold | $2,500,000 | -0.1% | $1,091 / Sq Ft |
| 10/12/2017 10/12/17 | Pending | -- | -- | -- |
| 07/22/2017 07/22/17 | Price Changed | $2,502,000 | 0.0% | $1,092 / Sq Ft |
| 07/22/2017 07/22/17 | For Sale | $2,502,023 | -- | $1,092 / 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 |
|---|---|---|---|---|
| 2025 | $34,251 | $4,182,000 | $3,427,554 | $754,446 |
| 2024 | $34,251 | $3,225,240 | $2,574,990 | $650,250 |
| 2023 | $33,449 | $3,162,000 | $2,524,500 | $637,500 |
| 2022 | $32,969 | $3,100,000 | $2,475,000 | $625,000 |
| 2021 | $28,767 | $2,700,000 | $2,107,130 | $592,870 |
| 2020 | $27,741 | $2,601,000 | $2,063,351 | $537,649 |
| 2019 | $27,165 | $2,550,000 | $2,022,893 | $527,107 |
| 2018 | $27,152 | $2,500,000 | $1,983,228 | $516,772 |
| 2017 | $24,649 | $2,247,548 | $1,725,925 | $521,623 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Miles
-
Tori Rimlinger
Seller's Agent in 2021
Tori Rimlinger
Compass
(949) 378-6200
1 in this area
39 Total Sales
-
Chris Moreno
Seller's Agent in 2020
Chris Moreno
Surterre Properties Inc.
(949) 280-6357
7 in this area
62 Total Sales
-
Cassie Hammond
C
Seller Co-Listing Agent in 2020
Cassie Hammond
Surterre Properties Inc.
(949) 500-5569
4 in this area
28 Total Sales
-
Ann Metzger
Seller Co-Listing Agent in 2017
Ann Metzger
The Agency
(949) 698-2082
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24094250
APN: 930-615-16
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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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