Seller's Agent in 2019
Nick Binesh
Binesh Realty
(949) 222-0234
44 Total Sales
719 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $2,325,000 - $4,773,000
3
Beds
4
Baths
1,272
Sq Ft
$2,667/Sq Ft
Est. Value
Highlights
- Ocean View
- Property has ocean access
- No HOA
- Newport Elementary School Rated A
- Property is near public transit
- 1-Story Property
About This Home
As of June 2019Location, Location, Location. Excellent opportunity to own this amazing 4 unit Balboa Blvd building just 1 house away from sand and across from the famous brand new Newport Harbor Yacht Club and Bay. This is an amazing chance to own an income generating investment or buy to rebuilt your dream
beach home with AMAZING UNOBSTRUCTED FULL BAY VIEW AND PARTIAL OCEAN VIEW. 4 studio units each equipped with full kitchen and full bath and ocean and bay view from some of the units and great monthly income. Property has recently been fully inspected and it's in overall good shape with no need of any major repairs. 3 Units are sold fully furnished. Don't lose this great opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,857
Year Built
- Built in 1929
Lot Details
- 2,178 Sq Ft Lot
- No Common Walls
- No Landscaping
Property Views
- Ocean
- Bay
- Peek-A-Boo
Home Design
- Asphalt Roof
Interior Spaces
- 4 Bathrooms
- 1,272 Sq Ft Home
- 1-Story Property
Parking
- Parking Available
- Off-Street Parking
Outdoor Features
- Property has ocean access
- Beach Access
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tenant pays for parking fee, telephone
- Tax Lot 12
- Tax Tract Number 219
- Assessor Parcel Number 04802322
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $600
- Fuel Expense $720
- Insurance Expense $1,200
- Other Expense $1,320
- Trash Expense $360
- Water Sewer Expense $600
- New Taxes Expense $17,832
- Operating Expense $22,632
- Gross Income $94,200
- Net Operating Income $71,568
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2018
Closed on
May 22, 2019
Sold by
Vanmechelen Carrie Van
Bought by
Vanmechelen Mitch Van
Seller's Agent
Nick Binesh
Binesh Realty
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$1,650,000
Sold Price
$1,590,000
Premium/Discount to List
-$60,000
-3.64%
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
$1,802,000
Avg. Annual Appreciation
11.66%
Original Mortgage
$1,100,000
Outstanding Balance
$967,236
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,193,764
Purchase Details
Listed on
Oct 4, 2018
Closed on
May 6, 2019
Sold by
Bn Realty Lp
Bought by
Mechelen Cornelis A Van and Mechelen Jeantine B Van
Seller's Agent
Nick Binesh
Binesh Realty
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$1,650,000
Sold Price
$1,590,000
Premium/Discount to List
-$60,000
-3.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$967,236
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,193,764
Purchase Details
Closed on
Dec 27, 2018
Sold by
Labrecque Bradley
Bought by
Bn Reality Lp
Purchase Details
Listed on
Mar 1, 2017
Closed on
Mar 14, 2017
Sold by
Shaver Louise D
Bought by
Labrecque Brandley
Seller's Agent
Chandler Bell
Compass
Buyer's Agent
Nick Binesh
Binesh Realty
List Price
$1,495,000
Sold Price
$1,495,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.37%
Original Mortgage
$971,750
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 |
|---|---|---|---|
| Vanmechelen Mitch Van | -- | North American Title Company | |
| Mechelen Timothy Brian Van | -- | North American Title Company | |
| Mechelen Cornelis A Van | $1,590,000 | North American Title Company | |
| Bn Reality Lp | -- | None Available | |
| Labrecque Brandley | $1,495,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vanmechelen Mitch Van | $1,100,000 | |
| Previous Owner | Labreque Bradley | $960,000 | |
| Previous Owner | Labrecque Brandley | $971,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2019 06/04/19 | Sold | $1,590,000 | -2.5% | $1,250 / Sq Ft |
| 04/26/2019 04/26/19 | Pending | -- | -- | -- |
| 03/04/2019 03/04/19 | Price Changed | $1,630,000 | -0.3% | $1,281 / Sq Ft |
| 01/09/2019 01/09/19 | Price Changed | $1,635,000 | -0.3% | $1,285 / Sq Ft |
| 12/20/2018 12/20/18 | Price Changed | $1,640,000 | -0.3% | $1,289 / Sq Ft |
| 11/15/2018 11/15/18 | Price Changed | $1,645,000 | -0.3% | $1,293 / Sq Ft |
| 10/04/2018 10/04/18 | For Sale | $1,650,000 | +10.4% | $1,297 / Sq Ft |
| 04/18/2017 04/18/17 | Sold | $1,495,000 | 0.0% | $1,175 / Sq Ft |
| 03/06/2017 03/06/17 | Pending | -- | -- | -- |
| 03/01/2017 03/01/17 | For Sale | $1,495,000 | -- | $1,175 / 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 | $27,857 | $2,632,270 | $1,725,505 | $906,765 |
| 2024 | $27,857 | $2,580,657 | $1,691,671 | $888,986 |
| 2023 | $27,466 | $2,530,056 | $1,658,501 | $871,555 |
| 2022 | $27,009 | $2,480,448 | $1,625,982 | $854,466 |
| 2021 | $21,609 | $1,946,777 | $1,594,100 | $352,677 |
| 2020 | $18,817 | $1,621,800 | $1,577,755 | $44,045 |
| 2019 | $17,784 | $1,524,900 | $1,484,880 | $40,020 |
| 2018 | $17,833 | $1,524,900 | $1,484,880 | $40,020 |
| 2017 | $2,639 | $80,373 | $65,410 | $14,963 |
| 2016 | $2,618 | $78,798 | $64,128 | $14,670 |
| 2015 | $2,759 | $77,615 | $63,165 | $14,450 |
| 2014 | $2,708 | $76,095 | $61,928 | $14,167 |
Source: Public Records
Agents Affiliated with this Home
-
Nick Binesh
-
Tim Smith
Buyer's Agent in 2019
Tim Smith
Coldwell Banker Realty
(949) 717-4711
13 in this area
713 Total Sales
-
Chandler Bell
C
Seller's Agent in 2017
Chandler Bell
Compass
(949) 683-8966
25 Total Sales
-
James Gray
Seller Co-Listing Agent in 2017
James Gray
Arbor Real Estate
(949) 375-2428
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18241995
APN: 048-023-22
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.
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
Nearby Homes
- 706 W Oceanfront
- 808 W Balboa Blvd
- 812 W Bay Ave
- 825 W Bay Ave Unit B
- 825 W Bay Ave Unit A
- 523 W Balboa Blvd
- 502 W Balboa Blvd
- 506 W Oceanfront
- 506 W Oceanfront Unit 2
- 505 W Edgewater Ave
- 114 E Oceanfront
- 1113 W Balboa Blvd
- 200 E Balboa Blvd
- 206 E Oceanfront
- 809 Via Lido Soud
- 218 E Oceanfront
- 207 E Edgewater Ave Unit A
- 207 E Edgewater Ave
- 105 Via Waziers
- 310 E Oceanfront
- 717 W Balboa Blvd
- 721 W Balboa Blvd
- 715 W Balboa Blvd
- 718 W Oceanfront
- 720 W Oceanfront
- 716 W Oceanfront
- 713 W Balboa Blvd
- 110 8th St
- 723 W Balboa Blvd
- 106 8th St
- 714 W Oceanfront
- 722 W Oceanfront
- 711 W Balboa Blvd
- 726 W Oceanfront
- 710 W Oceanfront
- 709 W Balboa Blvd
- 707 W Balboa Blvd
- 712 W Balboa Blvd
- 710 W Balboa Blvd
- 107 8th St