NOT LISTED FOR SALE

96 Villa Point Dr Newport Beach, CA 92660

Estimated Value: $838,081 - $1,271,000

1 Bed
1 Bath
908 Sq Ft
$425/mo HOA Fee

Last Sold September 02, 2014

Last sale price $520,000 $573 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $6,590/month

133 Days on Market

Highlights

  • Marina View
  • Stables
  • In Ground Pool
  • Abraham Lincoln Elementary School Rated A
  • Fitness Center
  • 3-minute walk to Back Bay View Park

About This Home

As of September 2014

PRICE REDUCED FOR QUICK SALE!!! VIEW! VIEW! VIEW! BEAUTIFUL NEWLY REMODLED CONDO IN NEWPORT BEACH WITH OUTSTANDING BAY VIEW, SUNSETS, NIGHT LIGHTS, WESTERN SUNLIGHT IN GATED COMMUNITY. CONVENIENT LOCATION. UPGRADED KITCHEN AND BATH. STAINLESS STEEL APPLIANCE, INCLUDING STOVE, DISH WASHER, MICROWAVE, REFRIGIRATOR, WASHER AND DRYER. NEW PAINTING, NEW CARPET. LARGE PATIO. ONE CAR GARAGE DOWNSTAIR WITH GUEST PARKINGS. TWO BEAUTIFUL SWIMMING POOLS WITH BARBECUE/PICNIC AREAS, TWO WHIRLPOOL HOT TUBS AND TWO GYMS INSIDE COMMUNITY. RESORT LIVING STYLE, NEAR FASHION ISLAND, BALBOA ISLAND, CORONA DEL MAR AND THE BEACH. VERY LOW MELLO-ROOS TAX ONLY $150.00 ANNUALLY. A MUST SEE! MOTIVATED SELLER!

Last Agent to Sell the Property

Bruce Jin

Pinnacle Real Estate Group License #01311217 Listed on: 03/17/2014

Last Buyer's Agent

Walter Richards

Balboa Real Estate, Inc License #01834083

Balboa Real Estate, Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,762

Year Built

  • Built in 1991 | Remodeled

Lot Details

  • 1 Common Wall
  • West Facing Home
  • Garden
  • Front Yard

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Guest Parking

Property Views

  • Marina
  • Bay
  • Harbor
  • Views of a pier
  • City Lights

Home Design

  • Mediterranean Architecture
  • Patio Home
  • Turnkey
  • Permanent Foundation
  • Fire Rated Drywall
  • Spanish Tile Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 908 Sq Ft Home
  • 2-Story Property
  • Bar
  • Plantation Shutters
  • Great Room
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • 220 Volts
  • Gas Water Heater

Additional Features

  • No Interior Steps
  • Urban Location
  • Stables

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 14055
  • Assessor Parcel Number 93963676

Community Details

Overview

  • Master Insurance
  • 228 Units
  • Built by THE IRVINE COMPANY

Amenities

  • Outdoor Cooking Area
  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Meeting Room
  • Card Room

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Restriction
  • Pet Size Limit

Security

  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,762

Year Built

Built in 1991 | Remodeled

Lot Details

0

HOA Fees

$425 per month

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Gated Community
  • Subdivision Name Other: VILLA POINT (VILP)
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93963676
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 908.00
  • Interior Amenities: Bar, Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar, In Kitchen
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 572.69
  • Room Type: Great Room, Walk-In Closet
  • Spa Features: Association, In Ground
  • Window Features: Plantation Shutters

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Permanent
  • Exterior Features: Rain Gutters, Stable
  • View: Bay, City Lights, Harbor, Marina, Pier, Water
  • Builder Name: THE IRVINE COMPANY
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community, Fenced, In Ground
  • Pool Private: Yes
  • Roof: Spanish Tile
  • Spa: Yes
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Direct Garage Access, Guest
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Freezer, Disposal, Gas Oven, Gas Water Heater, Microwave, Refrigerator
  • Electric: 220 Volts, Electricity - On Property
  • Heating Type: Heat Pump
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling: Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Barbecue, Clubhouse, Card Room, Controlled Access, Dues Paid Monthly, Earthquake Insurance, Gym/Ex Room, Insurance, Meeting Room, Outdoor Cooking Area, Pet Rules, Pets Permitted, Picnic Area, Playground, Pool, Spa/Hot Tub, Trash, Weight Limit
  • Association Fee: 425.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Front Yard, Garden, Patio Home, Paved
  • Lot Size Sq Ft: 43560.00
  • Lot Size Acres: 1.0000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 43560.0000 Square Feet
  • Number Of Units In Community: 228
  • Number Of Units Total: 228

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 14055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2014
Closed on
Aug 26, 2014
Sold by
Hao Xiaowei
Bought by
Nichols Joseph
Seller's Agent
Bruce Jin
Pinnacle Real Estate Group
Buyer's Agent
Walter Richards
Balboa Real Estate, Inc
List Price
$639,999
Sold Price
$520,000
Premium/Discount to List
-$119,999
-18.75%
Current Estimated Value
$1,022,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,967
Avg. Annual Appreciation
6.08%
Original Mortgage
$312,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2014
Closed on
Jul 30, 2014
Sold by
Zhang Jinchun
Bought by
Hao Xiaowei
Seller's Agent
Bruce Jin
Pinnacle Real Estate Group
Buyer's Agent
Walter Richards
Balboa Real Estate, Inc
List Price
$639,999
Sold Price
$520,000
Premium/Discount to List
-$119,999
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2013
Sold by
Wright Oliver C
Bought by
Hao Xiao Wei

Purchase Details

Closed on
May 16, 2002
Sold by
Turkel Mark D and Turkel Catherine C
Bought by
Wright Oliver C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,400
Interest Rate
6.37%

Purchase Details

Closed on
Oct 6, 1999
Sold by
Turkel Mark D
Bought by
Turkel Mark D and Turkel Catherine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
7.86%
Mortgage Type
Credit Line Revolving
Source: Public Records

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 Buyer Sale Price Title Company
Nichols Joseph $520,000 Wfg Title Company
Hao Xiaowei -- Wfg Title Company
Hao Xiao Wei -- None Available
Wright Oliver C $358,000 Equity Title Company
Turkel Mark D -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Joseph $304,000
Closed Nichols Joseph $312,000
Previous Owner Wright Oliver $50,000
Previous Owner Wright Oliver C $121,943
Previous Owner Wright Oliver C $120,000
Previous Owner Wright Oliver C $461,100
Previous Owner Wright Oliver C $333,700
Previous Owner Wright Oliver C $122,300
Previous Owner Wright Oliver C $108,000
Previous Owner Wright Oliver C $286,400
Previous Owner Turkel Mark D $25,000
Closed Wright Oliver C $71,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2014 09/02/14 Sold $520,000 -5.3% $573 / Sq Ft
07/15/2014 07/15/14 Price Changed $549,000 -6.9% $605 / Sq Ft
05/06/2014 05/06/14 Price Changed $590,000 -7.8% $650 / Sq Ft
03/17/2014 03/17/14 For Sale $639,999 -- $705 / 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 $6,762 $624,958 $483,211 $141,747
2024 $6,762 $612,704 $473,736 $138,968
2023 $6,599 $600,691 $464,447 $136,244
2022 $6,485 $588,913 $455,340 $133,573
2021 $6,361 $577,366 $446,412 $130,954
2020 $6,359 $571,446 $441,834 $129,612
2019 $6,295 $560,242 $433,171 $127,071
2018 $6,173 $549,257 $424,677 $124,580
2017 $6,067 $538,488 $416,350 $122,138
2016 $5,938 $527,930 $408,186 $119,744
2015 $5,896 $520,000 $402,054 $117,946
2014 $5,424 $472,133 $357,823 $114,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14054720

California Regional Multiple Listing Service (CRMLS)

APN: 939-636-76