1245 W Balboa Blvd Newport Beach, CA 92661

$--

2 Beds
1 Baths
432 Sq.Ft.

Off Market

Map preview of 1245 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 1245 W Balboa Blvd Newport Beach, CA has 2 bedrooms, 1 bathrooms, 432 living square feet and 3,184 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1245 W Balboa Blvd 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 $4,299,000. The median price per/sqft for Newport Beach is $1,506. 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 $859,800 for the down payment and will need roughly $85,980 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 $131,300. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Newport Beach Agent

Sale History for 1245 W Balboa Blvd

View property's historical transactions

December, 2023
Dec 1, 2023

Date

Expired

CRMLS: NP23093899

$3,999,000

Price
May 31, 2023

Date

Active

CRMLS: NP23093899

$4,250,000

Price
Listing provided courtesy of CRMLS

The property consists of a beach cottage and a detached efficiency studio in the garage structure and 1 off street parking spot. The beach cottage was completely remolded (inside down to studs) in 2020 with new windows and new roof. The owners have City of Newport Beach fully approved construction drawings (permit ready) for a brand new 3-story Single Family Dwelling with 3 story elevator, (4 bed, each with its own full bath, plus 2- powder rooms, and an attached ADU with its own entry and patio. There is also an attached 2-car garage and 2-car carport. The main house will total 2924 SF and the ADU 533 SF. The 3rd level has an 852 SF roof deck area with powder room, appliances, BBQ and fire pit. Ocean views from 2nd and 3rd levels.

Continue Reading

Tax History for 1245 W Balboa Blvd

Assessed Value (2020): $88,936

Year	Land Value	Improved Value	Assessed Value
2020	$80,680	$8,256	$88,936

About 1245 W Balboa Blvd

Detailed summary of property

1245 W Balboa Blvd is a single family home in Newport Beach, CA 92661 and is currently off market. This house has 2 bedrooms, 1 bathrooms, roughly 432 living square feet, and sits on an approximately 3,184 square foot lot. Homes in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Local nearby listings include 223 Via Mentone, 120 Via Genoa and 1726 W Oceanfront. The average home in Newport Beach, CA is selling in 75 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 1245 W Balboa Blvd Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1245 W Balboa Blvd

Public county record property details

Beds: 2
Baths: 1
Year built: 1924
Sq. Ft.: 432
Lot Size: 3,184
Stories: 1

Type: Single Family Residential
Pool: No
Spa: No
County: Orange
Lot#: 13
APN: 047-241-02

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$6,750,000

Median List Price/Sq.Ft.

$2,241

Median Sold Price

$11,100,000

Median Sold Price/Sq.Ft.

$2,775

Total Inventory

Median Sale to List Price %

94.11%

Avg Days on Market

174

Loan Type

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

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote