$1,055,000
SOLD MAR 24, 2015

982 Bayside Cove Unit 602 Newport Beach, CA 92660

Bayside Neighborhood
2 Beds
2 Baths
1,538 Sq Ft
$605/mo HOA Fee

Recently Sold

$686 Per Sq Ft

6% Above List Price

10 Days on Market

Highlights

  • Private Pool
  • Bay View
  • Deck
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • Contemporary Architecture

About This Home

As of March 2015

Absolutely gorgeous residence in the prestigious & exclusive quiet gated community of Bayside Cove.Next to the yacht club at Balboa Island, this warm & beautiful contemporary home features 2 bedrooms & 2 baths located just steps from everything Balboa Island has to offer.At the end of your busy day or week this sanctuary,with a partial view of the bay,will provide the relaxation & comfort of a vacation resort.Bayside Cove amenities include a private pool, spa and beach as well as convenient & highly valued guest parking. Boat dock availability through California Recreation, 2 car detached garage. Impeccable craftsmanship & the finest materials have been used to create a luxurious & inviting turnkey home.Gourmet kitchen w/stainless steel Viking appliances,White Quartz countertops, mosaic backsplash.Spacious living room w/stone fireplace opens to large patio w/partial bay view.Italian porcelain flooring thru out the 1st floor. Recessed lighting w/Lutron dimmers thru out, crown molding, base boards, designer light fixtures, custom mirrors & so much more! Wake up in the luxurious & spacious 2nd floor master suite with your own private balcony from which to view the bay, dual sinks w/Carrera Quartz countertops, marble shower/bath tub & spacious walk-in closet.

Last Agent to Sell the Property

Jenny Vu

Coldwell Banker Realty License #01794569 Listed on: 03/11/2015

Coldwell Banker Realty

Last Buyer's Agent

Marquise Beuler

Arbor Real Estate License #01111273

Arbor Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,468

Year Built

  • Built in 1975

Lot Details

  • Two or More Common Walls

HOA Fees

  • $605 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Bay
  • Peek-A-Boo

Home Design

  • Contemporary Architecture
  • Planned Development

Interior Spaces

  • 1,538 Sq Ft Home
  • Crown Molding
  • Recessed Lighting
  • Living Room with Fireplace
  • Living Room Balcony
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 8073
  • Assessor Parcel Number 93432044

Community Details

Overview

  • 58 Units
  • Bayside Cove Association

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,468

Year Built

Built in 1975

Lot Details

0

HOA Fees

$605 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Bayside Cove (BCOV)
  • View: Yes
  • Architectural Style: Contemporary
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93432044
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1538.00
  • Interior Amenities: Crown Molding, Living Room Balcony, Recessed Lighting
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 685.96
  • Room Type: Living Room, Master Suite, Walk-In Closet
  • Spa Features: Association

Exterior Features

  • Patio: Yes
  • View: Bay, Peek-A-Boo
  • Patio And Porch Features: Deck
  • Pool Features: Association, Community
  • Pool Private: Yes
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 605.00
  • Association Fee Frequency: Monthly
  • Association Name: Bayside Cove
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Planned Unit Development
  • Lot Size Sq Ft: 1742.00
  • Lot Size Acres: 0.0400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 0.0400 Acres
  • Number Of Units In Community: 58
  • Number Of Units Total: 58

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 8073

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2015
Closed on
Mar 17, 2015
Sold by
Quest Ira Inc
Bought by
Troell Robert J
Seller's Agent
Jenny Vu
Coldwell Banker Realty
Buyer's Agent
Marquise Beuler
Arbor Real Estate
List Price
$995,000
Sold Price
$1,055,000
Premium/Discount to List
$60,000
6.03%
Current Estimated Value
$2,171,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,116,468
Avg. Annual Appreciation
6.79%

Purchase Details

Listed on
Sep 29, 2014
Closed on
Oct 6, 2014
Sold by
Arnold William Keith
Bought by
Quest Ira Inc and Robert Hrifko Ira #1490211
Seller's Agent
Jenny Vu
Coldwell Banker Realty
Buyer's Agent
Hoa Cao
L.S. Gateway Realtors
List Price
$699,000
Sold Price
$807,500
Premium/Discount to List
$108,500
15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.00%

Purchase Details

Closed on
Sep 24, 2010
Sold by
Arnold Keith and Arnold Beatrice
Bought by
Arnold William Keith and Arnold Vera Beatrice

Purchase Details

Closed on
Jan 20, 2007
Sold by
Arnold Keith and Arnold Beatrice
Bought by
Arnold Keith and Arnold Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,468,800
Interest Rate
6.1%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
May 2, 2003
Sold by
Arnold Keith and Arnold Beatrice
Bought by
Arnold Keith and Arnold Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.84%

Purchase Details

Closed on
Oct 19, 1995
Sold by
Arnold William K and Arnold Beatrice V
Bought by
Arnold Keith and Arnold Beatrice

Purchase Details

Closed on
May 3, 1994
Sold by
Arnold Keith and Arnold Beatrice
Bought by
Arnold William K and Beatrice Arnold V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.37%
Source: Public Records

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Range of Values:

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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 $1,055,000 Ticor Title
Grant Deed $807,500 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Alliance Title Company
Interfamily Deed Transfer -- Equity Title Company
Interfamily Deed Transfer -- --
Quit Claim Deed -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $279,361 Unknown
Open $513,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,468,800 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $544,185 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $55,000 Credit Line Revolving
Previous Owner $189,000 No Value Available
Previous Owner $200,000 Unknown
Previous Owner $280,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2015 03/24/15 Sold $1,055,000 0.0% $686 / Sq Ft
03/10/2015 03/10/15 Pending -- -- --
03/09/2015 03/09/15 Off Market $1,055,000 -- --
02/28/2015 02/28/15 For Sale $995,000 +23.2% $647 / Sq Ft
10/22/2014 10/22/14 Sold $807,500 +15.5% $525 / Sq Ft
06/30/2014 06/30/14 For Sale $699,000 -- $454 / 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 $13,468 $1,267,947 $1,036,288 $231,659
2024 $13,468 $1,243,086 $1,015,969 $227,117
2023 $13,151 $1,218,712 $996,048 $222,664
2022 $12,931 $1,194,816 $976,517 $218,299
2021 $12,684 $1,171,389 $957,370 $214,019
2020 $12,562 $1,159,378 $947,553 $211,825
2019 $12,306 $1,136,646 $928,974 $207,672
2018 $12,062 $1,114,359 $910,759 $203,600
2017 $11,850 $1,092,509 $892,901 $199,608
2016 $11,585 $1,071,088 $875,393 $195,695
2015 $8,862 $807,500 $614,744 $192,756
2014 $2,292 $186,454 $94,235 $92,219
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15042688

California Regional Multiple Listing Service (CRMLS)

APN: 934-320-44