1207 Park Ave Newport Beach, CA 92662

$950,000 Sold Price as of 09/07/2016

2 Beds
2 Baths
850 Sq.Ft.

Off Market

$950,000 Sold Price as of 09/07/2016 Refinance Your Mortgage

Map preview of 1207 Park Ave, Newport Beach, CA 92662

Property Overview: 1207 Park Ave Newport Beach, CA has 2 bedrooms, 2 bathrooms, 850 living square feet and 990 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1207 Park Ave is currently an off market home in the city of Newport Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Newport Beach has a median list price of $4,150,000. The median price per/sqft for Newport Beach is $1,436. With those numbers in mind, if you are looking to purchase a median priced home in Newport Beach, CA and put 20% down you will need to save up $830,000 for the down payment and will need roughly $83,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Newport Beach the commission could be as much as $170,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1207 Park Ave

Last sold for $950,000 on September 7th, 2016

September, 2023
Sep 1, 2023

Date

Expired

CRMLS: NP23025395

$1,950,000

Price
Feb 13, 2023

Date

Active

CRMLS: NP23025395

$1,995,000

Price
Listing provided courtesy of CRMLS

Here is your rare and amazing opportunity to own an island cottage at a fraction of the price! This is one of the few spilt lots on the island, offering you intimate cottage living at much more affordable pricing. This extremely nostalgic cottage combines charm with today's comfort and desired amenities. Lovingly maintained and updated throughout the years, this sunny two story home has 3 sleeping areas, two updated bathrooms with showers, open-beamed vaulted ceilings and a remodeled upstairs kitchen including brand new stainless Steele GE Fridge & Freezer and Gas Stove. The first floor has 2 sleeping areas, 1 bathroom, and the laundry room. The larger, main floor living space has a Murphy Bed cabinet for additional sleeping space. This lower level opens to a large, wraparound patio with gas barbecue and multiple lounging areas. The home is situated on a corner, providing lots of sunshine and balmy breezes with a view of the island village, hills and city lights. This is a great opportunity to live on Balboa Island or own as a vacation home or proven investment property. The proximity to Marine Ave along with historical decor, would make this a fantastic income property.

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September, 2020
Sep 29, 2020

Date

Canceled

CRMLS: NP20056802

$1,350,000

Price
Jun 12, 2020

Date

Price Change

CRMLS: NP20056802

$1,350,000

Price
Mar 14, 2020

Date

Active

CRMLS: NP20056802

$1,389,000

Price
Listing provided courtesy of CRMLS

Fantastic Balboa Island cottage combining charm with today's comfort. Lovingly maintained and updated through the years. This sunny two story home has two bedrooms, two updated baths, open-beamed vaulted ceiling and a remodeled kitchen upstairs. The first floor has a bedroom, bath, laundry room and living area. Additional sleeping is tucked away in a custom Murphy Bed cabinet. This lower level opens to a large, wraparound patio with gas barbecue and multiple lounging areas. The home is situated on a corner, providing lots of sunshine and balmy breezes with a view of the island village, hills and city lights. This property was at one time a legal duplex. This is a great opportunity to live on Balboa Island or own as a vacation home or proven investment property.

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December, 2019
Dec 1, 2019

Date

Expired

CRMLS: NP19060771

$1,399,000

Price
Nov 8, 2019

Date

Price Change

CRMLS: NP19060771

$1,399,000

Price
Aug 1, 2019

Date

Price Change

CRMLS: NP19060771

$1,450,000

Price
Jul 11, 2019

Date

Price Change

CRMLS: NP19060771

$1,549,000

Price
Apr 25, 2019

Date

Price Change

CRMLS: NP19060771

$1,564,000

Price
Apr 1, 2019

Date

Price Change

CRMLS: NP19060771

$1,565,000

Price
Mar 20, 2019

Date

Active

CRMLS: NP19060771

$1,572,000

Price
Listing provided courtesy of CRMLS

Fantastic Balboa Island cottage combining 1926 charm with today's comfort. Lovingly maintained and updated through the years. This sunny two story home has two bedrooms, two updated baths, open-beamed vaulted ceiling and a remodeled kitchen upstairs. The first floor has a bedroom, bath, laundry room and living area. Additional sleeping is tucked away in a custom Murphy Bed cabinet. This lower level opens to a large, wraparound patio with gas barbeque and multiple lounging areas. The home is situated on a corner, providing lots of sunshine and balmy breezes with a view of the island village, hills and city lights. This property was at one time a legal duplex. This is a great opportunity to live on Balboa Island - or own as a vacation home or proven investment property.

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September, 2016
Sep 7, 2016

Date

Sold (Public Records)

Public Records

$950,000

Price

Tax History for 1207 Park Ave

Assessed Value (2020): $1,008,147

Year	Land Value	Improved Value	Assessed Value
2020	$980,684	$27,463	$1,008,147

About 1207 Park Ave

Detailed summary of property

1207 Park Ave is a single family home in Newport Beach, CA 92662 and last sold on September 7, 2016 for $950,000. This house has 2 bedrooms, 2 bathrooms, roughly 850 living square feet, and sits on an approximately 990 square foot lot. Homes in Newport Beach are selling for a median price of $3,400,000 and a median price per square foot of $1,316. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 72.06% lower than the current median priced home. 1207 Park Ave was last sold on September 7, 2016 for $950,000. Local nearby listings include 501 L St, 1714 Plaza Del Norte and 1577 Miramar Dr. The average home in Newport Beach, CA is selling in 81 days. There are currently 246 homes for sale in the Newport Beach real estate market and 190 of them are single family homes while 46 of them are condos and 10 are townhomes. If you are the homeowner and looking to sell the home at 1207 Park Ave Newport Beach, CA 92662 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1207 Park Ave

Public county record property details

Beds: 2
Baths: 2
Year built: 1926
Sq. Ft.: 850
Lot Size: 990
Stories: 1

Type: Single Family Residential
Pool: No
Spa: No
County: Orange
Lot#: 16,1
APN: 050-171-25

The source for these homes facts are from public records.

92662 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$4,699,000

Median List Price/Sq.Ft.

$2,684

Median Sold Price

$3,950,000

Median Sold Price/Sq.Ft.

$2,148

Total Inventory

Median Sale to List Price %

94.16%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

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(714) 706-1823

Refinance your Current Mortgage and Save Save $

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