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17200 Newhope St #204, Fountain Valley, CA 92708
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17200 Newhope St #204 Fountain Valley, CA 92708

$705,000 Sold Price as of 05/30/2023
  • 3 Beds
  • 2.75 Baths
  • 1,612 Sq.Ft.
Sold
$705,000 Sold Price as of 05/30/2023 Refinance Your Mortgage
Map preview of 17200 Newhope St #204, Fountain Valley, CA 92708

Property Overview: 17200 Newhope St #204 Fountain Valley, CA has 3 bedrooms, 2.75 bathrooms, 1,612 living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent investment and rare opportunity to own a 3 bed / 3 bath duplex-style condo! Rarely do you find an income producing property of this caliber. One unit is 2 bed / 2 bath and the other unit is an adjoining 1 bed / 1 bath both with private entry. Live in one and rent the other - or rent them both and only pay one tax bill and one HOA bill. This condo's impressive floor plan features a 2 bedroom unit with 1040 sqft of spacious living area, laminate and tile floors, ceiling fan, in-unit laundry room, standard size appliances and ample cabinet space. The second unit features 572 sqft of cozy living space with laminate floors, tile counters and commercial size appliances. Non smoking gated community with amenities such as pools, jacuzzi's, BBQs, dog park, and plenty of open parking (property comes with one assigned covered gated detached parking space in shared garage). The Los Caballeros HOA has affordable dues and well funded reserves so you buy this income producing property with confidence!

Listed by Laura Muniz | BRE #01426398 | Los Caballeros RE & FS PC
Last checked: 7 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
--
HOA Dues
$396/mo
Year built
1986
Garage
1 Car
Property Type:
Condominium
Status
Sold
MLS#
OC23050229
City
Fountain Valley
County
Orange
Time on Site
418 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 149
  • # of Leased Units: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $26,400
  • Pro Forma/Market Rent: $34,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $21,540
  • Pro Forma/Market Rent: $23,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $57,600
  • Net Operating Income: $44,000
  • Gross Operating Income: $56,000
  • Vacancy Allowance: $1,600
Annual Expense Breakdown
  • Total Operating Expense: $12,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,000
  • Trash: $0
  • Insurance: $800
  • Maintenance: $800
  • Professional Management: $2,400
  • Water/Sewer: $0

Property Details for 17200 Newhope St #204

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Microwave, Water Heater
Interior Features
  • Open Floorplan, Tile Counters
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • Has Spa
  • Spa Features: Community
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Community Structure, Covered, Parking Space, Structure, Unassigned, Uncovered
Lot Information
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Pasture
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 93878290
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 2
  • Property is Attached
  • Offered With Property: Stove, Dishwasher, Microwave
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Fee: $396 (Monthly)
  • Association Amenities: Pool, Spa/Hot Tub, Barbecue, Outdoor Cooking Area, Playground, Dog Park, Pest Control, Earthquake Insurance, Pet Rules, Weight Limit, Management, Security
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Los Caballeros (LCAB)
  • Directions: North on Harbor, left on Slater, Right on Newhope, Right on Los Caballeros Way, Go up driveway park on your left by parking structure.
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Fountain Valley Agent

Sale History for 17200 Newhope St #204

Last sold for $705,000 on May 30th, 2023

  • May, 2023

  • May 30, 2023

    Date

    Sold

    CRMLS: OC23050229

    $705,000

    Price

  • Mar 27, 2023

    Date

    Active

    CRMLS: OC23050229

    $699,900

    Price

  • March, 2015

  • Mar 24, 2015

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

  • November, 2008

  • Nov 26, 2008

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

Show More

Tax History for 17200 Newhope St #204

Assessed Value (2020): $467,047
Year Land Value Improved Value Assessed Value
2020 $350,112 $116,935 $467,047

Home Value Compared to the Market

This property vs the competition

17200 Newhope St #204 sold on May 30, 2023 for 48.16% lower than the current median sold price for the city of Fountain Valley which is $1,350,000. The median sold price per/sqft for Fountain Valley is $667 and this home is sold at $434.18 per/sqft which puts the price per square foot 34.91% lower than the current median sale per square foot for the city of Fountain Valley.

About 17200 Newhope St #204

Detailed summary of property

17200 Newhope St #204 is a condominium that recently sold in Fountain Valley, CA 92708. This condo offered 3 bedrooms, 2.75 bathrooms, roughly 1,612 living square feet, and sits on an approximately -- square foot lot. 17200 Newhope St #204 was first listed on ArdentRealEstateGroup.com on March 28, 2023. The homeowner sold the property for $705,000. Home in Fountain Valley are selling for a median price of $1,350,000 and a median price per square foot of $667. Based on Ardent Real Estate Group's Fountain Valley Market Data, this home is sold 48.16% lower than the current median priced home. Local homes that are currently for sale include 13944 Magnolia St, 11395 Sherwood Dr and 8932 Modesto Circle #1209D. This home does have a Homeowners Association and the monthly fee is $396 per month. While the average home in Fountain Valley, CA is selling in 17 days, 17200 Newhope St #204 has a days on market of 29 days. There are currently 67 homes for sale in the Fountain Valley real estate market and 50 of them are single family homes while 10 of them are condos and 7 are townhomes. For more information on this home for sale at 17200 Newhope St #204 Fountain Valley, CA 92708 contact Ardent Real Estate Group and we will put you in touch with one of our Fountain Valley agents.

Public Facts for 17200 Newhope St #204

Public county record property details
Beds
4
Baths
3
Year built
1986
Sq. Ft.
1,612
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
938-782-90

The source for these homes facts are from public records.

92708 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,349,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$1,350,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
71
Median Sale to List Price %
108.09%
Avg Days on Market
13
Loan Type
Conventional (25%), FHA (3.13%), VA (0%), Cash (50%), Other (18.75%)

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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