NOT LISTED FOR SALE

Estimated Value: $1,868,000 - $2,529,000

3 Beds
2.5 Baths
1,700 Sq Ft
$1,272/Sq Ft Est. Value

Last Sold May 07, 2014

Last sale price $950,000 $559 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $13,107/month

51 Days on Market

Highlights

  • 24-Hour Security
  • Private Pool
  • Gated Community
  • Eastbluff Elementary School Rated A
  • Back Bay Views
  • 1-minute walk to Bayview Park

About This Home

As of May 2014

A great opportunity to own a single family residence located in one of Orange County's premier school districts for under One Million dollars. Bay View terrace is a gem of a neighborhood that sits along the banks of Newport's treasured and protected refuge, the Back Bay. Enjoy miles of walking, hiking and biking trails only minutes away. This lovely detached home is located in a sought after and ultra quiet cul de sac with views of the back bay from the upstairs bedroom. Sitting on one of the larger lots in the area, you will enjoy the serenity and privacy of a lush yard with both side and rear patios for outdoor dining and relaxing in the hot tub. All 3 bedrooms up including a generously sized master with a walk-in closet, two secondary bedrooms, plus a large area used for a home office. The loving room is showcased by soaring two story ceilings and opens to the formal dining room. The kitchen is open to the family room and offers plenty of storage and counter/bar seating. Bay View Terrace offers 24 hour gated security, an association pool and hot tub.

Last Agent to Sell the Property

Katie Rollins

Surterre Properties Inc. License #01379867 Listed on: 02/04/2014

Surterre Properties Inc.

Last Buyer's Agent

Ming Chien

Re/Max College Park Realty License #00880275

Re/Max College Park Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,285

Year Built

  • Built in 1987

Lot Details

  • 3,676 Sq Ft Lot
  • Fenced
  • Fence is in excellent condition
  • Garden

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Automatic Gate
  • On-Street Parking

Property Views

  • Back Bay
  • Woods

Home Design

  • Mediterranean Architecture
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,700 Sq Ft Home
  • 2-Story Property
  • Two Story Ceilings
  • Double Pane Windows
  • Window Screens
  • Sliding Doors
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Storage
  • Attic

Kitchen

  • Breakfast Bar
  • Self-Cleaning Convection Oven
  • Built-In Range
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Bamboo
  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Kitchen

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 12212
  • Assessor Parcel Number 44240103

Community Details

Recreation

  • Community Playground
  • Community Pool
  • Community Spa

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,285

Year Built

Built in 1987

Lot Details

0

HOA Fees

$245 per month

Parking

2

Listing Details

  • Assessments: No
  • Inclusions: new carpet allowance
  • Property Attached: No
  • Security: 24 Hour Security, Automatic Gate, Gated Community
  • Subdivision Name Other: Bayview Terrace (BVTR)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 44240103
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1700.00
  • Interior Amenities: Copper Plumbing Partial, Pantry, Storage, Tile Counters, Two Story Ceilings, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Bamboo, Carpet, Stone, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 558.82
  • Room Type: Attic, All Bedrooms Up, Family Room, Living Room, Walk-In Closet, Separate Family Room
  • Spa Features: Association
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Back Bay, Trees/Woods
  • Fence: Yes
  • Fencing: Excellent Condition
  • Patio And Porch Features: Concrete, Patio Open, Patio
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking Features: Garage Faces Front, Garage, Street, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, Disposal, Gas Cooktop, Ice Maker, Self Cleaning Oven, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pets Permitted, Playground, Pool, Spa/Hot Tub
  • Association Fee: 245.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Garden
  • Lot Size Sq Ft: 3676.00
  • Lot Size Acres: 0.0840

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3676.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 12212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2014
Closed on
Mar 26, 2014
Sold by
Chalmers Edward L and Chalmers Mary Barr
Bought by
Zhou Jun
Seller's Agent
Katie Rollins
Surterre Properties Inc.
Buyer's Agent
Ming Chien
Re/Max College Park Realty
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%
Current Estimated Value
$2,162,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,212,048
Avg. Annual Appreciation
7.27%
Original Mortgage
$570,000
Outstanding Balance
$445,988
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,649,105

Purchase Details

Closed on
Oct 27, 1998
Sold by
Mudgett David and Mudgett Anne
Bought by
Chalmers Edward L and Chalmers Mary Barr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,200
Interest Rate
6.75%

Purchase Details

Closed on
Oct 7, 1997
Sold by
Ogorek Michael and Ogorek Debra
Bought by
Mudgett David and Mudgett Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,750
Interest Rate
7.12%

Purchase Details

Closed on
Nov 14, 1996
Sold by
Perussi Roberto A and Perussi Nelida
Bought by
Ogorek Michael and Ogorek Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,300
Interest Rate
7.76%
Source: Public Records

Range of Values:

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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
Zhou Jun $950,000 California Title Company
Chalmers Edward L $439,000 Chicago Title Co
Mudgett David $355,000 Fidelity National Title Ins
Ogorek Michael $307,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Jun $570,000
Previous Owner Chalmers Edward L $475,000
Previous Owner Chalmers Edward L $382,000
Previous Owner Chalmers Edward L $386,000
Previous Owner Chalmers Edward L $151,200
Previous Owner Mudgett David $301,750
Previous Owner Ogorek Michael $276,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2014 05/07/14 Sold $950,000 -2.6% $559 / Sq Ft
02/28/2014 02/28/14 Price Changed $975,000 -2.4% $574 / Sq Ft
02/04/2014 02/04/14 For Sale $999,000 -- $588 / 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 $12,285 $1,164,564 $906,932 $257,632
2024 $12,285 $1,141,730 $889,149 $252,581
2023 $12,085 $1,119,344 $871,715 $247,629
2022 $11,884 $1,097,397 $854,623 $242,774
2021 $11,575 $1,075,880 $837,866 $238,014
2020 $11,465 $1,064,849 $829,275 $235,574
2019 $11,224 $1,043,970 $813,015 $230,955
2018 $11,000 $1,023,500 $797,073 $226,427
2017 $10,803 $1,003,432 $781,444 $221,988
2016 $10,560 $983,757 $766,121 $217,636
2015 $10,460 $968,981 $754,614 $214,367
2014 $5,942 $561,420 $338,352 $223,068
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14023689

California Regional Multiple Listing Service (CRMLS)

APN: 442-401-03