1701 W Balboa Blvd Newport Beach, CA 92663

$2,650,000 Sold Price as of 07/16/2010

-- Beds
-- Baths
7,553 Sq.Ft.

Off Market

$2,650,000 Sold Price as of 07/16/2010 Refinance Your Mortgage

Map preview of 1701 W Balboa Blvd, Newport Beach, CA 92663

Property Overview: 1701 W Balboa Blvd Newport Beach, CA has -- bedrooms, -- bathrooms, 7,553 living square feet and 7,599 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1701 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 $4,298,800. The median price per/sqft for Newport Beach is $1,509. 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 $859,760 for the down payment and will need roughly $85,976 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 $185,000. 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 1701 W Balboa Blvd

Last sold for $2,650,000 on July 16th, 2010

January, 2019
Jan 13, 2019

Date

Expired

CRMLS: OC18248612

$5,600,000

Price
Jan 2, 2019

Date

Withdrawn

CRMLS: OC18248612

$5,600,000

Price
Oct 13, 2018

Date

Active

CRMLS: OC18248612

$5,600,000

Price
Listing provided courtesy of CRMLS

RARE, DOUBLE LOT with 10 units and only 25 yards away to the Pacific Ocean on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company handling property with rents of approximately $22,630 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals as well as raising rents. All units are upgraded and updated with new kitchens and all have wood floors. Seller states the city of Newport Beach is open to having 7-10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of Newport Beach.

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May, 2018
May 6, 2018

Date

Expired

CRMLS: OC17224478

$5,699,000

Price
Apr 19, 2018

Date

Active

CRMLS: OC17224478

$5,699,000

Price
Apr 4, 2018

Date

Active Under Contract

CRMLS: OC17224478

$5,699,000

Price
Jan 4, 2018

Date

Active

CRMLS: OC17224478

$5,699,000

Price
Dec 24, 2017

Date

Hold

CRMLS: OC17224478

$5,699,000

Price
Oct 31, 2017

Date

Price Change

CRMLS: OC17224478

$5,699,000

Price
Sep 29, 2017

Date

Active

CRMLS: OC17224478

$5,899,000

Price
Listing provided courtesy of CRMLS

RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company is handling the property with total rents are now approximately $23,000 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals. All units are upgraded and updated with new kitchens and all have original wood floors that have been refinished along with newer carpet. Owner states the city of Newport Beach is open to having 7-10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of Newport Beach. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.

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May, 2018
May 6, 2018

Date

Expired

CRMLS: OC18000424

$5,699,000

Price
Apr 19, 2018

Date

Active

CRMLS: OC18000424

$5,699,000

Price
Apr 4, 2018

Date

Active Under Contract

CRMLS: OC18000424

$5,699,000

Price
Jan 2, 2018

Date

Active

CRMLS: OC18000424

$5,699,000

Price
Listing provided courtesy of CRMLS

RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company is handling the property with total rents are now approximately $23,00 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals or raise rents. All units are upgraded and updated with new kitchens and all have original wood floors that have been refinished along with newer carpet. Owner states the city of Newport Beach is open to having 7-10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of NB. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.

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July, 2017
Jul 28, 2017

Date

Canceled

CRMLS: OC17156126

$5,999,000

Price
Jul 10, 2017

Date

Active

CRMLS: OC17156126

$5,999,000

Price
Listing provided courtesy of CRMLS

RARE, DOUBLE LOT with 10 units and only 25 yards away from the sand on Balboa Peninsula. Unit mix consists of the following: one 4 bed 2 bath (has ocean views), one 2 bed 1 baths, three 1 bed 1 baths, 5 studios, and there are 10 separate garages. Professional Property Management company is handling the property with total rents are approximately $19,100 per month, this could be enhanced if new owner decides to turn property into weekly vacation rentals or raise rents once current leases expire. All units are upgraded and updated with new kitchens and all have original wood floors that have been refinished along with newer carpet. Owner states the city of Newport Beach is open to having 10 condos built on the land itself thus giving an amazing opportunity for Investors, please check with City of NB. PLEASE DO NOT DISTURB ANY TENANTS, DRIVE BY ONLY, SHOWN WITH ACCEPTED OFFER.

Continue Reading
July, 2010
Jul 16, 2010

Date

Sold (Public Records)

Public Records

$2,650,000

Price

Tax History for 1701 W Balboa Blvd

Assessed Value (2020): $3,025,631

Year	Land Value	Improved Value	Assessed Value
2020	$2,813,837	$211,794	$3,025,631

About 1701 W Balboa Blvd

Detailed summary of property

1701 W Balboa Blvd is categorized with a use code of Apartments (Generic) in Newport Beach, CA 92663 and last sold on July 16, 2010 for $2,650,000. This property has -- bedrooms, -- bathrooms, roughly 7,553 living square feet, and sits on an approximately 7,599 square foot lot. Homes 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 28.38% lower than the current median priced home. 1701 W Balboa Blvd was last sold on July 16, 2010 for $2,650,000. Local nearby listings include 2600 Newport Blvd #210, 1220 W Bay Ave and 540 Via Lido Soud. The average home in Newport Beach, CA is selling in 73 days. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. If you are the homeowner and looking to sell the home at 1701 W Balboa Blvd Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1701 W Balboa Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1948
Sq. Ft.: 7,553
Lot Size: 7,599
Stories: 2

Type: Apartments (Generic)
Pool: No
Spa: No
County: Orange
Lot#: 27,2
APN: 047-201-09

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$4,395,000

Median List Price/Sq.Ft.

$1,557

Median Sold Price

$3,700,000

Median Sold Price/Sq.Ft.

$1,494

Total Inventory

Median Sale to List Price %

105.87%

Avg Days on Market

Loan Type

Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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(714) 706-1823

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