NOT LISTED FOR SALE

Estimated Value: $2,961,000 - $4,051,000

4 Beds
4 Baths
3,000 Sq Ft
4,356 Sq Ft Lot

Last Sold April 10, 2015

Last sale price $2,500,000 $833 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $21,670/month

64 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Rooftop Deck
  • Fireplace in Primary Bedroom

About This Home

As of April 2015

This one-of-a-kind, three story, “super-sized” Modern-style condominium property is located directly across from Newport Harbor’s 10th Street bay beach. With spectacular unobstructed views of the harbor, main turning basin, snow capped San Bernardino mountains, bay beach and city lights of Fashion Island, this near waterfront property features over 3,000 square feet of living space, four bedrooms, two full and two half baths, a large family room with a fireplace, kitchen with an informal dining area, living room with a fireplace, formal dining room, two car attached garage and one of the largest and highest roof top view decks in the harbor. Newport’s best swimming spot, 10th Street beach; the world famous Fun Zone, Newport Harbor Yacht Club, Balboa’s Boardwalk, and all the fun of Newport Beach: swimming, sailing and bike riding are just steps away outside your door. 10th Street Bay Beach is one of Newport’s best kept secrets and is perfect for young children with easy access, a swim platform and no waves. From this vantage you can view the summer sailboat races, 4th of July fireworks and Christmas boat parade.

Last Agent to Sell the Property

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 02/04/2015

Pacific Sotheby’s International Realty

Co-Listed By

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496

Last Buyer's Agent

Steve High

Pacific Sotheby’s International Realty License #00936421 Listed on: 02/04/2015

Pacific Sotheby’s International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $29,705

Year Built

  • Built in 1972

Lot Details

  • 4,356

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Views of a pier
  • Panoramic
  • City Lights
  • Hills

Home Design

  • Modern Architecture

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Entryway
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite

Outdoor Features

  • Beach Access
  • Rooftop Deck
  • Patio

Utilities

  • Radiant Heating System
  • Sewer Paid

Additional Features

  • 1 Common Wall
  • Urban Location

Community Details

  • Property has a Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 935
  • Assessor Parcel Number 93503001

Property Details

Home Type

Condominium

Est. Annual Taxes

$29,705

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 93503001
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Family Kitchen, Dining Room
  • Fireplace Features: Family Room, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 833.33
  • Room Type: All Bedrooms Up, Entry, Family Room, Living Room, Master Suite

Exterior Features

  • Patio: Yes
  • View: Bay, City Lights, Coastline, Harbor, Hills, Marina, Ocean, Panoramic, Pier, Water
  • Patio And Porch Features: Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Radiant
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 4360.00
  • Lot Size Acres: 0.1000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4360.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 935-03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2015
Closed on
Mar 27, 2015
Sold by
Hora Joseph F O and Hora Marie F O
Bought by
Hassan Mark
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Steve High
Pacific Sotheby’s International Realty
List Price
$2,895,000
Sold Price
$2,500,000
Premium/Discount to List
-$395,000
-13.64%
Current Estimated Value
$3,634,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,134,816
Avg. Annual Appreciation
3.21%
Original Mortgage
$1,300,000
Interest Rate
3.67%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 13, 2008
Sold by
Ohora Joseph F and Ohora Marie F
Bought by
Ohora Joseph F and Ohora Marie F

Purchase Details

Closed on
May 1, 1995
Sold by
Ohora Joseph F and Ohora Marie F
Bought by
Ohora Marie F and Ohora Joseph F

Purchase Details

Closed on
Sep 8, 1994
Sold by
Ohora Joseph F and Ohora Marie F
Bought by
Ohora Joseph F and Ohora Marie F
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
Hassan Mark $2,371,000 Chicago Title Company
Ohora Joseph F -- Accommodation
Ohora Joseph F -- Accommodation
Ohora Joseph F -- Accommodation
Ohora Marie F -- --
Ohora Joseph F -- --
Ohora Joseph F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hassan Mark $1,300,000
Closed Hassan Mark $1,300,000
Closed Hassan Mark $1,300,000
Previous Owner Ohora Joseph F $1,200,000
Previous Owner Ohora Marie F $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2015 04/10/15 Sold $2,500,000 -13.6% $833 / Sq Ft
04/09/2015 04/09/15 Pending -- -- --
02/04/2015 02/04/15 For Sale $2,895,000 -- $965 / 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 $29,705 $2,849,071 $2,507,647 $341,424
2024 $29,705 $2,793,207 $2,458,477 $334,730
2023 $23,774 $2,239,009 $1,917,277 $321,732
2022 $23,378 $2,195,107 $1,879,683 $315,424
2021 $22,929 $2,152,066 $1,842,826 $309,240
2020 $22,708 $2,130,000 $1,823,930 $306,070
2019 $27,133 $2,554,035 $2,247,965 $306,070
2018 $26,591 $2,503,956 $2,203,887 $300,069
2017 $26,119 $2,454,859 $2,160,673 $294,186
2016 $25,530 $2,406,725 $2,118,307 $288,418
2015 $5,234 $470,769 $288,958 $181,811
2014 $5,110 $461,548 $283,298 $178,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG15024303

California Regional Multiple Listing Service (CRMLS)

APN: 935-030-01