NOT LISTED FOR SALE

706 E Bay Ave Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $3,643,278

-- Bed
-- Bath
3,247 Sq Ft
$1,122/Sq Ft Est. Value

About This Home

This home is located at 706 E Bay Ave, Newport Beach, CA 92661 and is currently estimated at $3,643,278, approximately $1,122 per square foot. 706 E Bay Ave is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2022
Sold by
Kong and Sothy
Bought by
Billy & Sothy Kong Family Trust
Current Estimated Value
$3,643,278

Purchase Details

Closed on
Feb 1, 2016
Sold by
Maddy Kent J and Maddy Lauri Lee
Bought by
Kong Billy and Kong Sothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,494,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 1997
Sold by
Kent Maddy and Lee Lauri Lee
Bought by
Maddy Kent J and Maddy Lauri Lee
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Kong Billy $1,992,000 First American Title Company
Maddy Kent J -- --
Maddy Kent J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kong Billy $1,400,000
Previous Owner Kong Billy $1,494,000
Source: Public Records

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
2024 $25,305 $2,367,660 $2,242,253 $125,407
2023 $24,712 $2,321,236 $2,198,287 $122,949
2022 $24,303 $2,275,722 $2,155,183 $120,539
2021 $23,837 $2,231,100 $2,112,924 $118,176
2020 $23,609 $2,208,223 $2,091,258 $116,965
2019 $23,120 $2,164,925 $2,050,253 $114,672
2018 $22,829 $2,072,476 $2,010,052 $62,424
2017 $22,559 $2,031,840 $1,970,640 $61,200
2016 $9,296 $776,776 $746,913 $29,863
2015 $9,258 $765,109 $735,694 $29,415
2014 $9,026 $750,122 $721,283 $28,839
Source: Public Records

Map

California Orange County Newport Beach 92661 Balboa Peninsula Point

706 E Bay Ave, Newport Beach, CA

This home is located at 706 E Bay Ave, Newport Beach, CA 92661 and is currently estimated at $3,643,278, approximately $1,122 per square foot. 706 E Bay Ave is a home located in Orange County with nearby schools including Newport Elementary School, 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.

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