Seller's Agent in 2017
Michelle Ultimo Hall
Ultimo Properties, Inc.
(949) 307-0626
2 in this area
13 Total Sales
707 Bayside Dr Newport Beach, CA 92660
Bayside NeighborhoodEstimated Value: $7,069,785 - $8,808,000
3
Beds
3
Baths
3,921
Sq Ft
$2,075/Sq Ft
Est. Value
Highlights
- Private Dock Site
- Beach Access
- Boat Slip
- Abraham Lincoln Elementary School Rated A
- Home fronts a seawall
- Bay View
About This Home
As of October 2017Enjoy luxurious WATERFRONT living on Newport Harbor's highly desirable Promontory Bay. With 54' of BAYFRONT coverage and ideally Westward facing, this magnificent home is perfectly oriented to enjoy the sunshine and sunsets. It is well maintained and boasts over 3,900 SF, 3 Bedrooms plus optional 4th bedroom, 3 bathrooms, dual masters (with slight modification), a main floor bdrm and 3-car garage. It's beautifully remodeled kitchen includes granite counters, premium appliances, a center island, a kitchen nook and ample cabinet space. The Living and Dining rooms are spacious and open to each other with an inviting balcony that over-looks the bay. It is perfect for entertaining with its expansive walk-down family room and grand fireplace, an atrium skylight, and an over-sized bar all that open to its vast waterfront patio with a BBQ. The elegant master bedroom suite includes a sitting area w/ a fireplace, vaulted ceilings and more serene bay views. It's full and private “U” shaped dock, accommodates up to 3 boats; approx 60’, 50’ and 20’. Located within exclusive Promontory Bay, it has easy access to shopping, and Pacific Coast Hwy, includes a private community beach, and uniquely features no dock tax. This is an ideal Bayfront location, w/ gorgeous views looking down the cul-de-sac of the bay channel. A beautiful, tranquil setting and offers a luxurious lifestyle. Add your own unique touches to this highly desirable home where the neighboring properties are almost double.
Last Agent to Sell the Property
Ultimo Properties, Inc. License #01031639 Listed on: 09/07/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $52,187
Year Built
- Built in 1973
Lot Details
- 5,390 Sq Ft Lot
- Home fronts a seawall
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Home fronts a canal
- Wrought Iron Fence
- Block Wall Fence
- Stucco Fence
- Level Lot
- Private Yard
- Back Yard
- Density is up to 1 Unit/Acre
HOA Fees
- $36 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- 2 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Side Facing Garage
- Shared Driveway
- Controlled Entrance
Property Views
- Bay
- Panoramic
Home Design
- Traditional Architecture
- Turnkey
- Slab Foundation
- Shake Roof
- Fire Retardant Roof
- Pre-Cast Concrete Construction
- Stucco
- Cedar
Interior Spaces
- 3,921 Sq Ft Home
- 3-Story Property
- Wet Bar
- Bar
- Cathedral Ceiling
- Double Pane Windows
- Plantation Shutters
- Atrium Windows
- Double Door Entry
- Sliding Doors
- Family Room with Fireplace
- Living Room with Fireplace
- Living Room Balcony
- Formal Dining Room
- Laundry Room
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Six Burner Stove
- Gas Cooktop
- Warming Drawer
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Self-Closing Drawers and Cabinet Doors
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- 3 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Soaking Tub
- Separate Shower
- Exhaust Fan In Bathroom
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- Beach Access
- Boat Slip
- Private Dock Site
- Docks
- Patio
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Schools
- Corona Del Mar High School
Utilities
- Central Heating
- 220 Volts in Garage
- Private Water Source
- Cable TV Available
Listing and Financial Details
- Tax Lot 58
- Tax Tract Number 3867
- Assessor Parcel Number 05043101
Community Details
Overview
- Promontory Bay Community Assoc Association, Phone Number (949) 450-1515
Recreation
- Community Playground
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 7, 2017
Closed on
Sep 18, 2017
Sold by
Holmgren Eve P
Bought by
Rinker Kenneth C and The Kenneth C Rinkler Revocable Trust
Seller's Agent
Michelle Ultimo Hall
Ultimo Properties, Inc.
Buyer's Agent
Dawn Rinker
Pearl Coast Properties
List Price
$4,490,000
Sold Price
$4,400,000
Premium/Discount to List
-$90,000
-2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,734,446
Avg. Annual Appreciation
8.16%
Original Mortgage
$1,000,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 28, 1994
Sold by
Holmgren Richard C and Holmgren Eve P
Bought by
Holmgren Richard C and Holmgren Eve P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.29%
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 |
|---|---|---|---|
| Rinker Kenneth C | $4,400,000 | First American Title Co | |
| Holmgren Richard C | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rinker Kenneth C | $2,000,000 | |
| Closed | Rinker Kenneth C | $1,000,000 | |
| Previous Owner | Holmgren Richard C | $244,800 | |
| Previous Owner | Holmgren Richard C | $264,000 | |
| Previous Owner | Holmgren Richard C | $250,000 | |
| Previous Owner | Holmgren Richard C | $267,000 | |
| Previous Owner | Holmgren Richard C | $278,700 | |
| Previous Owner | Holmgren Richard C | $250,000 | |
| Previous Owner | Holmgren Richard C | $300,000 | |
| Previous Owner | Holmgren Richard C | $310,000 | |
| Previous Owner | Holmgren Richard C | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/11/2017 10/11/17 | Sold | $4,400,000 | -2.0% | $1,122 / Sq Ft |
| 09/12/2017 09/12/17 | Pending | -- | -- | -- |
| 09/07/2017 09/07/17 | For Sale | $4,490,000 | -- | $1,145 / 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 | $52,187 | $5,020,794 | $4,535,574 | $485,220 |
| 2024 | $52,187 | $4,922,348 | $4,446,642 | $475,706 |
| 2023 | $50,969 | $4,825,832 | $4,359,453 | $466,379 |
| 2022 | $50,130 | $4,731,208 | $4,273,973 | $457,235 |
| 2021 | $49,167 | $4,638,440 | $4,190,170 | $448,270 |
| 2020 | $48,695 | $4,590,879 | $4,147,205 | $443,674 |
| 2019 | $47,679 | $4,500,862 | $4,065,887 | $434,975 |
| 2018 | $46,712 | $4,411,349 | $3,986,163 | $425,186 |
| 2017 | $5,954 | $539,116 | $368,092 | $171,024 |
| 2016 | $5,821 | $528,546 | $360,875 | $167,671 |
| 2015 | $5,764 | $520,607 | $355,454 | $165,153 |
| 2014 | $5,627 | $510,410 | $348,492 | $161,918 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2017
Dawn Rinker
Pearl Coast Properties
(949) 307-1335
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC17199414
APN: 050-431-01
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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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