$1,650,000
SOLD JAN 29, 2015
3 Beds
2 Baths
1,426 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$1,157 Per Sq Ft

10% Above List Price

9 Days on Market

Highlights

  • Marina
  • Ocean View
  • Ocean Side of Highway 1
  • Abraham Lincoln Elementary School Rated A
  • Property has ocean access
  • Corner Lot

About This Home

As of September 2023

Extraordinary Opportunity to Build Your Dream Home In the Ocean Side Community of Irvine Terrace on Large Corner Lot Parcel. First Time on
the Market! This is on one of the most prestigious addresses in all of Newport Beach. Limitless possibilities for a spectacular home surrounded
by properties that have been developed in recent years. The Ultimate Corona del mar lifestyle with world class beaches, fine dining, award winning golf courses, and upscale shopping all close by. This home is a teardown and has no value. Its it being sold as is with no repairs whatsoever. The value
lies solely in the land and in your vision.

Last Agent to Sell the Property

Bryn Debeikes

Coldwell Banker Realty License #01222844 Listed on: 10/29/2014

Coldwell Banker Realty

Last Buyer's Agent

Tim Robertson

Compass License #01413500

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,916

Year Built

  • Built in 1954

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Private Yard

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Peek-A-Boo
  • Neighborhood

Interior Spaces

  • 1,426 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1701
  • Assessor Parcel Number 05028410

Community Details

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,916

Year Built

Built in 1954

Lot Details

0

HOA Fees

$48 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05028410
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1426.00
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1157.08
  • Room Type: Main Floor Master Bedroom

Exterior Features

  • View: Neighborhood, Ocean, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 48.00
  • Association Fee Frequency: Monthly
  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Lot 6500-9999, Corner Lot, Yard
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Marina in Community, Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 1701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 23, 2023
Sold by
Richard Shawn Buckley Revocable Trust
Bought by
2023 Strong Family Trust and Strong
Seller's Agent
Oscar Chavez
Keller Williams Newport Estates
Buyer's Agent
Keven Stirdivant
Kase Real Estate
List Price
$8,425,000
Sold Price
$8,325,000
Premium/Discount to List
-$100,000
-1.19%
Views
47
Current Estimated Value
$9,040,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$715,909
Avg. Annual Appreciation
4.56%
Original Mortgage
$5,962,500
Outstanding Balance
$5,862,727
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$3,178,182

Purchase Details

Listed on
Nov 1, 2022
Closed on
Dec 30, 2022
Sold by
Stephanie And Erik Wexler Family Trust
Bought by
Richard Shawn Buckley Revocable Trust
Seller's Agent
Alex Miller
Compass
Buyer's Agent
Oscar Chavez
Keller Williams Newport Estates
List Price
$7,499,000
Sold Price
$7,000,000
Premium/Discount to List
-$499,000
-6.65%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.53%

Purchase Details

Listed on
Apr 15, 2019
Closed on
Jul 22, 2019
Sold by
711 Ramona Llc
Bought by
Wexler Erik and Wexler Stephanie
Seller's Agent
Kathryn White
Coldwell Banker Realty
Buyer's Agent
Kathryn White
Coldwell Banker Realty
List Price
$5,795,000
Sold Price
$5,200,000
Premium/Discount to List
-$595,000
-10.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.19%
Original Mortgage
$3,900,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 13, 2015
Closed on
Jun 23, 2015
Sold by
P & L Visions Llc
Bought by
711 Ramona Llc
Seller's Agent
Tim Robertson
Compass
Buyer's Agent
Tim Robertson
Compass
List Price
$2,025,000
Sold Price
$1,925,000
Premium/Discount to List
-$100,000
-4.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.35%

Purchase Details

Listed on
Oct 29, 2014
Closed on
Jan 27, 2015
Sold by
Levin Alan M and Papazian Robert A
Bought by
P & L Visions Llc
Seller's Agent
Bryn Debeikes
Coldwell Banker Realty
Buyer's Agent
Tim Robertson
Compass
List Price
$1,500,000
Sold Price
$1,650,000
Premium/Discount to List
$150,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.81%

Purchase Details

Listed on
Oct 29, 2014
Closed on
Jan 20, 2015
Sold by
Papazian Sandra
Bought by
Papazian Robert A
Seller's Agent
Bryn Debeikes
Coldwell Banker Realty
Buyer's Agent
Tim Robertson
Compass
List Price
$1,500,000
Sold Price
$1,650,000
Premium/Discount to List
$150,000
10%

Purchase Details

Closed on
Jan 3, 2014
Sold by
Romero Alice
Bought by
Levin Alan M and Papazian Robert A
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Grant Deed $8,325,000 Lawyers Title
Grant Deed $7,000,000 Fidelity National Title
Grant Deed $5,200,000 Ticor Title
Grant Deed $1,925,000 California Title Company
Grant Deed -- California Title Company
Interfamily Deed Transfer -- California Title Company
Grant Deed $1,650,000 California Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,962,500 New Conventional
Previous Owner $3,740,000 New Conventional
Previous Owner $3,900,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $8,325,000 -1.2% $1,871 / Sq Ft
08/20/2023 08/20/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $8,425,000 +20.4% $1,893 / Sq Ft
01/11/2023 01/11/23 Sold $7,000,000 -6.7% $1,591 / Sq Ft
12/28/2022 12/28/22 Pending -- -- --
12/28/2022 12/28/22 For Sale $7,499,000 +7.1% $1,704 / Sq Ft
12/15/2022 12/15/22 Off Market $7,000,000 -- --
11/01/2022 11/01/22 For Sale $7,499,000 +44.2% $1,704 / Sq Ft
08/26/2019 08/26/19 Sold $5,200,000 -3.6% $1,182 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
06/07/2019 06/07/19 Price Changed $5,395,000 -6.9% $1,226 / Sq Ft
04/15/2019 04/15/19 For Sale $5,795,000 +201.0% $1,317 / Sq Ft
07/17/2015 07/17/15 Sold $1,925,000 -4.9% $1,354 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
06/13/2015 06/13/15 For Sale $2,025,000 +22.7% $1,424 / Sq Ft
01/29/2015 01/29/15 Sold $1,650,000 +10.0% $1,157 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
10/29/2014 10/29/14 For Sale $1,500,000 -- $1,052 / 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
2024 $87,916 $8,325,000 $6,066,473 $2,258,527
2023 $57,608 $5,466,127 $3,415,922 $2,050,205
2022 $56,658 $5,358,949 $3,348,944 $2,010,005
2021 $55,568 $5,253,872 $3,283,278 $1,970,594
2020 $55,035 $5,200,000 $3,249,612 $1,950,388
2019 $41,807 $3,942,377 $1,995,071 $1,947,306
2018 $20,904 $1,955,952 $1,955,952 $0
2017 $20,535 $1,917,600 $1,917,600 $0
2016 $20,079 $1,880,000 $1,880,000 $0
2015 $2,158 $172,085 $122,507 $49,578
2014 -- $168,715 $120,108 $48,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14233885

California Regional Multiple Listing Service (CRMLS)

APN: 050-284-10