Seller's Agent in 2018
Betty Gulezyan
Real Estate Source, Inc
(818) 919-6200
1 in this area
10 Total Sales
507 E Bay Ave Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
3
Beds
4
Baths
1,800
Sq Ft
2,178
Sq Ft Lot Lot
Highlights
- Coastline Views
- Built in 2012 | Newly Remodeled
- Balcony
- Newport Elementary School Rated A
- No HOA
- 5-minute walk to Balboa Peninsula Park
About This Home
As of August 2018Great Opportunity to live and invest steps from the beach. Live in the front & rent out the back or vise versa. Built from the ground up in 2012 this mini Mediterranean Villa with large roof top deck encompassing city lights and ocean views is ready for the most discerning buyer.
Two units with superior quality finishes, extensive travertine tile work throughout, gorgeous custom cabinetry, rich granite counter tops, exquisite craftsmanship makes this a must see !!! Front unit is 2 bedroom 2 1/2 bath. Master Suite includes a private balcony which leads to the roof top deck. Master Bath with double sink vanities. Back unit with the same quality finishes has 1 bedroom, 1 bath with a massive 160 sq. ft balcony for entertaining or just taking in the ocean breeze. Fireplace, laundry, security system, pre-wired surround sound, 4 car attached garage parking (2 for the front unit, 2 for the rear unit). Garage parking leads directly into individual units. Award winning school district, popular destination for shopping and entertainment, minutes to Newport Center and Fashion Island. Identical unit next door, reverse floor plan is also for Sale each parcel is being offered at $1.799K Each
Parcel can easily be converted to VACATION RENTAL to increase income potential by submitting application/fees to the city of Newport Beach. Buyer to verify all information with the city for its intended or desired use.
Last Agent to Sell the Property
Real Estate Source, Inc License #00941578 Listed on: 04/28/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2012 | Newly Remodeled
Lot Details
- 2,178 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 4 Car Direct Access Garage
- Parking Available
Property Views
- Coastline
- City Lights
Home Design
- Duplex
- Tile Roof
Interior Spaces
- 1,800 Sq Ft Home
- 3-Story Property
- Living Room with Fireplace
- Stone Flooring
- Laundry in unit
Bedrooms and Bathrooms
- 3 Bedrooms
- All Upper Level Bedrooms
- 4 Bathrooms
Home Security
- Alarm System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Additional Features
- Balcony
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for all utilities, cable TV, trash collection
- Tax Lot 4
- Tax Tract Number 104
- Assessor Parcel Number 04811516
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $78,000
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
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2018 08/15/18 | Sold | $1,685,000 | -6.4% | $936 / Sq Ft |
| 07/08/2018 07/08/18 | Pending | -- | -- | -- |
| 04/28/2018 04/28/18 | For Sale | $1,799,900 | -- | $1,000 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $19,955 | $1,879,647 | $1,553,979 | $325,668 |
| 2024 | $19,955 | $1,842,792 | $1,523,509 | $319,283 |
| 2023 | $19,485 | $1,806,659 | $1,493,636 | $313,023 |
| 2022 | $19,159 | $1,771,235 | $1,464,349 | $306,886 |
| 2021 | $18,793 | $1,736,505 | $1,435,636 | $300,869 |
| 2020 | $18,612 | $1,718,700 | $1,420,916 | $297,784 |
| 2019 | $18,232 | $1,685,000 | $1,393,054 | $291,946 |
| 2018 | $14,452 | $1,228,437 | $870,757 | $357,680 |
| 2017 | $14,397 | $1,204,350 | $853,683 | $350,667 |
| 2016 | $14,073 | $1,180,736 | $836,944 | $343,792 |
| 2015 | $14,014 | $1,163,001 | $824,373 | $338,628 |
| 2014 | $13,661 | $1,140,220 | $808,225 | $331,995 |
Source: Public Records
Agents Affiliated with this Home
-
Betty Gulezyan
-
Mary Golding
Buyer's Agent in 2018
Mary Golding
Christie's International R.E. Southern California
(949) 929-3184
93 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18098766
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
- 419 E Balboa Blvd
- 613 E Balboa Blvd Unit A
- 211 Cypress St
- 600 E Oceanfront
- 409 E Edgewater Ave
- 700 E Oceanfront
- 315 E Bay Ave
- 310 Fernando St Unit 303
- 307 Fernando St
- 306 E Oceanfront
- 218 E Oceanfront
- 211 E Bay Ave
- 306 Alvarado Place
- 122 E Bay Ave
- 920 E Oceanfront
- 126 E Balboa Blvd
- 304 S Bay Front
- 302 S Bay Front
- 300 S Bay Front
- 118 Emerald Ave
- 507 E Bay Ave Unit A
- 507 E Bay Ave Unit B
- 505 E Bay Ave
- 505 E Bay Ave Unit B
- 505 E Bay Ave Unit A
- 208 Adams St
- 206 Adams St
- 206 Adams St Unit 1
- 206 Adams St Unit B
- 206 Adams St
- 204 Adams St
- 423 E Bay Ave Unit 4
- 420 Harding St Unit 7
- 325 Palm St
- 504 E Balboa Blvd
- 502 E Balboa Blvd
- 418 Harding St Unit 6
- 425 E Bay Ave
- 421 Harding St
- 500 E Balboa Blvd
Your Personal Tour Guide
Ask me questions while you tour the home.