NOT LISTED FOR SALE

56 Villa Point Dr Newport Beach, CA 92660

Estimated Value: $1,174,996 - $1,373,000

2 Beds
2 Baths
1,255 Sq Ft
$425/mo HOA Fee

Last Sold January 15, 2016

Last sale price $650,000 $518 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $8,037/month

15 Days on Market

Highlights

  • In Ground Spa
  • All Bedrooms Downstairs
  • Open Floorplan
  • Abraham Lincoln Elementary School Rated A
  • Two Primary Bedrooms
  • 4-minute walk to Back Bay View Park

About This Home

As of January 2016

Relax and enjoy an elegant resort living lifestyle at the coast of Newport Beach in the secluded Villa Point gated community. Upgraded throughout in this quiet location there are move in ready amenities. Contemporary decor within this Mediterranean architecture provides the comforts of beach living. High volume ceiling creates an atmosphere light and bright with updated neutral colors, newer plush carpeting, recessed lighting added, extensive use of quality high end plantation shutters are just the beginning of comfort at home. Kitchen has newer stainless steel GE Profile convection oven, stainless steel newer microwave convection oven, and newer stainless steel GE Profile dishwasher This two master suite floor plan with spacious bedrooms with an open concept living space is complete with large living room, dining room area, fireplace with flat screen television installed ~ perfect for relaxing entertainment and enjoyment of your favorite movie and game on TV. Walk to Balboa Island and enjoy dining out, shopping and leisure also close by is Fashion Island and movie theaters.

Last Agent to Sell the Property

Tom Nash

Keller Williams Realty Irvine License #00834940 Listed on: 11/24/2015

Keller Williams Realty Irvine

Co-Listed By

Barbara Nash

Keller Williams Realty Irvine License #00683016

Last Buyer's Agent

Barbara Swindall

Coldwell Banker Realty License #01002172

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,326

Year Built

  • Built in 1991

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Mediterranean Architecture
  • Stucco

Interior Spaces

  • 1,255 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Fireplace With Gas Starter
  • Living Room with Fireplace
  • Park or Greenbelt Views

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Built-In Range
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • Double Master Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Spa
  • Private Pool

Outdoor Features

  • Deck
  • Concrete Porch or Patio
  • Exterior Lighting

Additional Features

  • Two or More Common Walls
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 14055
  • Assessor Parcel Number 93963658

Community Details

Overview

  • 228 Units
  • Plan C Lower
  • Greenbelt

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,326

Year Built

Built in 1991

Lot Details

0

HOA Fees

$425 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Villa Point (VILP)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93963658
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1255.00
  • Interior Amenities: Built-in Features, Ceramic Counters, High Ceilings, Open Floorplan
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Fireplace Features: Gas Starter, Living Room
  • Levels: One
  • Price Per Square Foot: 517.93
  • Room Type: All Bedrooms Down, Living Room, Walk-In Closet, Two Masters
  • Spa Features: Association, In Ground

Exterior Features

  • Patio: Yes
  • View: Park/Greenbelt
  • Patio And Porch Features: Concrete, Deck
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Double Oven, Dishwasher, Electric Cooktop, Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, In Closet, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Outdoor Cooking Area, Picnic Area, Pool, Spa/Hot Tub
  • Association Fee: 425.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Greenbelt

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 228
  • Number Of Units Total: 228

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 14055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2015
Closed on
Jan 5, 2016
Sold by
Mcgill Kathryn Anne and Graass John Joseph
Bought by
Mcgrath Terry Rae
Seller's Agent
Tom Nash
Keller Williams Realty Irvine
Buyer's Agent
Barbara Swindall
Coldwell Banker Realty
List Price
$659,000
Sold Price
$650,000
Premium/Discount to List
-$9,000
-1.37%
Current Estimated Value
$1,269,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,749
Avg. Annual Appreciation
6.28%
Original Mortgage
$325,000
Outstanding Balance
$258,832
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$909,293

Purchase Details

Closed on
Jul 21, 2015
Sold by
Mcgill Kathryn Anne
Bought by
Mcgill Kathryn Anne and Graass John Joseph

Purchase Details

Listed on
Aug 1, 2011
Closed on
Jan 6, 2012
Sold by
Duvalis Thomas and Duvalis Sonoko K
Bought by
Mcgill Kathryn Anne
Seller's Agent
Linda Earlywine
Linda Earlywine. Broker
Buyer's Agent
Tom Nash
Keller Williams Realty Irvine
List Price
$515,000
Sold Price
$485,000
Premium/Discount to List
-$30,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%
Original Mortgage
$350,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2000
Sold by
Lang Margaret N
Bought by
Duvalis Thomas and Duvalis Sonoko K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,375
Interest Rate
8.15%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 7, 1998
Sold by
Perkins Jon L and Perkins Judith M
Bought by
Lang Margaret N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.13%
Mortgage Type
Stand Alone First
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
Mcgrath Terry Rae $650,000 Lawyers Title
Mcgill Kathryn Anne -- None Available
Mcgill Kathryn Anne $485,000 California Title Company
Duvalis Thomas $349,000 American Title
Lang Margaret N $269,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgrath Terry Rae $325,000
Previous Owner Mcgill Kathryn Anne $350,000
Previous Owner Duvalis Thomas $308,000
Previous Owner Duvalis Thomas $305,375
Previous Owner Lang Margaret N $200,000
Closed Duvalis Thomas $69,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2016 01/15/16 Sold $650,000 -1.4% $518 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
11/24/2015 11/24/15 For Sale $659,000 +35.9% $525 / Sq Ft
01/27/2012 01/27/12 Sold $485,000 -3.0% $386 / Sq Ft
12/13/2011 12/13/11 Price Changed $500,000 -2.9% $398 / Sq Ft
10/28/2011 10/28/11 For Sale $515,000 +6.2% $410 / Sq Ft
10/20/2011 10/20/11 Off Market $485,000 -- --
10/20/2011 10/20/11 For Sale $515,000 +6.2% $410 / Sq Ft
10/09/2011 10/09/11 Off Market $485,000 -- --
08/31/2011 08/31/11 Price Changed $515,000 -3.7% $410 / Sq Ft
08/13/2011 08/13/11 Price Changed $535,000 -2.7% $426 / Sq Ft
08/01/2011 08/01/11 For Sale $550,000 -- $438 / 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 $8,326 $769,465 $596,083 $173,382
2024 $8,326 $754,378 $584,395 $169,983
2023 $8,128 $739,587 $572,937 $166,650
2022 $7,990 $725,086 $561,703 $163,383
2021 $7,839 $710,869 $550,689 $160,180
2020 $7,824 $703,580 $545,042 $158,538
2019 $7,730 $689,785 $534,355 $155,430
2018 $7,581 $676,260 $523,877 $152,383
2017 $7,452 $663,000 $513,604 $149,396
2016 $5,798 $514,602 $363,057 $151,545
2015 $5,743 $506,873 $357,604 $149,269
2014 $5,611 $496,945 $350,599 $146,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15252408

California Regional Multiple Listing Service (CRMLS)

APN: 939-636-58