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127 Agate Ave, Newport Beach, CA 92662
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127 Agate Ave Newport Beach, CA 92662

$3,500,000 Sold Price as of 03/29/2024
  • 7 Beds
  • 7 Baths
  • 3,500 Sq.Ft.
Sold
$3,500,000 Sold Price as of 03/29/2024 Refinance Your Mortgage
Map preview of 127 Agate Ave, Newport Beach, CA 92662

Property Overview: 127 Agate Ave Newport Beach, CA has 7 bedrooms, 7 bathrooms, 3,500 living square feet and 2,614 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sold off-market. Inputted for comp purposes.

Listed by Matthew Tutton | BRE #02134226 | Compass
Co-listed by Janelle File | BRE #01952433 | Compass
Last checked: 5 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
NP24062523
City
Newport Beach
County
Orange
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 5
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 127 Agate Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Peek-A-Boo
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 05004325
  • Year Built Source: Estimated
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Island - Main Island (BALM)
  • Directions: South on Jamboree, cross the Balboa Island bridge, right on Park Ave, Left on Agate
Neighborhood Information
  • Community Features: Biking, Curbs, Fishing, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 127 Agate Ave

Last sold for $3,500,000 on March 29th, 2024

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: NP24062523

    $3,500,000

    Price

  • Mar 29, 2024

    Date

    Sold

    CRMLS: NP24062523

    $3,500,000

    Price

  • August, 2020

  • Aug 21, 2020

    Date

    Sold

    CRMLS: NP20098654

    $1,875,000

    Price

  • Aug 1, 2020

    Date

    Pending

    CRMLS: NP20098654

    $1,900,000

    Price

  • Jun 15, 2020

    Date

    Active Under Contract

    CRMLS: NP20098654

    $1,900,000

    Price

  • Jun 8, 2020

    Date

    Price Change

    CRMLS: NP20098654

    $1,900,000

    Price

  • May 27, 2020

    Date

    Active

    CRMLS: NP20098654

    $1,999,000

    Price

  • Listing provided courtesy of CRMLS

    A Historic Landmark "The Balboa Island Hotel" Built-in 1925, by its first owner a local Portuguese fisherman. In the early days, some of the Hollywood studios would rent the entire hotel for the movie stars to stay in while a movie was being made. At that time it had 7 rooms upstairs and a duplex in the back. Over the years the last owner Suzie converted the seven rooms into 4 bedrooms and 2 bathrooms on the second floor and 2 bed 2 baths on the first floor. With over 90 years of history "if walls could talk" we are looking for a new buyer with a vision for this iconic Balboa Island Hotel. Plenty of opportunities to restore the business and make a profit. The duplex in the back was brought over the bridge and onto the Island in 1934. It currently has a Studio leased at $1150 and the 1 bedroom for $1650 a month. The Hotel is located on the same street as the Balboa Island Ferry. Walk to breakfast, lunch, or dinner "501 Park Ave" restaurant also located across the street, and shop at the local market and deli located next to the Ferry, or cross over and spend the day at the Beach in Newport. There is a park with basketball hoops just steps from the Hotel and a very short walk to beaches on the north bayfront and south bayfront. The Balboa Island Hotel needs some love to bring it back to life. A wonderful opportunity for you or someone you know. Priced to sell! President's Award Winning Schools!!

  • August, 2020

  • Aug 21, 2020

    Date

    Sold

    CRMLS: NP20085356

    $1,875,000

    Price

  • Jun 15, 2020

    Date

    Active Under Contract

    CRMLS: NP20085356

    $1,900,000

    Price

  • Jun 13, 2020

    Date

    Price Change

    CRMLS: NP20085356

    $1,900,000

    Price

  • May 15, 2020

    Date

    Price Change

    CRMLS: NP20085356

    $1,999,000

    Price

  • May 6, 2020

    Date

    Active

    CRMLS: NP20085356

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    A Historic Landmark "The Balboa Island Hotel" Built-in 1925, by its first owner a local Portuguese fisherman. In the early days, some of the Hollywood studios would rent the entire hotel for the movie stars to stay in while a movie was being made. At that time it had 7 rooms upstairs and a duplex in the back. Over the years the last owner Suzie converted the seven rooms into 4 bedrooms and 2 bathrooms on the second floor and 2 bed 2 baths on the first floor. With over 90 years of history "if walls could talk" we are looking for a new buyer with a vision for this iconic Balboa Island Hotel. Plenty of opportunities to restore the business and make a profit. The duplex in the back was brought over the bridge and onto the Island in 1934. It currently has a Studio leased at $1150 and the 1 bedroom for $1650 a month. The Hotel is located on the same street as the Balboa Island Ferry. Walk to breakfast, lunch, or dinner "501 Park Ave" restaurant also located across the street, and shop at the local market and deli located next to the Ferry, or cross over and spend the day at the Beach in Newport. There is a park with basketball hoops just steps from the Hotel and a very short walk to beaches on the north bayfront and south bayfront. The Balboa Island Hotel needs some love to bring it back to life. A wonderful opportunity for you or someone you know. Priced to sell!

  • September, 2010

  • Sep 14, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 127 Agate Ave

Assessed Value (2020): $127,455
Year Land Value Improved Value Assessed Value
2020 $95,591 $31,864 $127,455

Home Value Compared to the Market

This property vs the competition

127 Agate Ave sold on March 29, 2024 for 5.41% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1000 per/sqft which puts the price per square foot 26.47% lower than the current median sale per square foot for the city of Newport Beach.

About 127 Agate Ave

Detailed summary of property

127 Agate Ave is a triplex that recently sold in Newport Beach, CA 92662. This triplex offered 7 bedrooms, 7 bathrooms, roughly 3,500 living square feet, and sits on an approximately 2,614 square foot lot. 127 Agate Ave was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner sold the property for $3,500,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 5.41% lower than the current median priced home. Local homes that are currently for sale include 206 Chicago Ave, 276 Chiquita St and 276 Chiquita St. There are currently 283 homes for sale in the Newport Beach real estate market and 213 of them are single family homes while 58 of them are condos and 12 are townhomes. For more information on this home for sale at 127 Agate 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 127 Agate Ave

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
2,813
Lot Size
2,482
Stories
2
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
16
APN
050-043-25

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
$4,850,000
Median List Price/Sq.Ft.
$2,379
Median Sold Price
$6,300,000
Median Sold Price/Sq.Ft.
$2,734
Total Inventory
12
Median Sale to List Price %
98.51%
Avg Days on Market
19
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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