202 Via Palermo, Newport Beach, CA 92663
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202 Via Palermo Newport Beach, CA 92663

$6,100,000 Sold Price as of 01/17/2023
  • 7 Beds
  • 6 Baths
  • 4,906 Sq.Ft.
Sold
$6,100,000 Sold Price as of 01/17/2023 Refinance Your Mortgage

Map preview of 202 Via Palermo, Newport Beach, CA 92663

Property Overview: 202 Via Palermo Newport Beach, CA has 7 bedrooms, 6 bathrooms, 4,906 living square feet and 5,280 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Input for Comp Purposes This home and its spacious lot present a very unique, and rare opportunity! Beautifully located on one of Lido's largest lots, this 66' parcel has fabulous potential to remodel or build new. Situated on the corner of Strada Centro and Strada Palermo, landscaped walkways welcome you to the home. The two-story home features 7 bedrooms plus 6 bathrooms, a 2-car garage, large outdoor space, and 2 interior fireplaces. The upper level boasts a second kitchen, perfect for multi-generational living. Bring your creativity to make this home special for generations to come, as it did for the family that started it all. Lido Isle has exceptional amenities - a clubhouse, beaches, tennis courts, private parks, playgrounds, and a 24-hour security patrol. The island is conveniently located close to shopping, world-class restaurants and hotels, with only a short beach cruiser ride to the Pacific Ocean and notable surf spots. Don't miss the special opportunity!

Listed by Marilyn Read | BRE #00981786 | Coldwell Banker Realty
Last checked: 1 minute ago | Last updated: January 19th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,280
HOA Dues
$200/mo
Year built
1947
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP23005804
City
Newport Beach
County
Orange
Time on Site
441 days

Virtual Tour

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Property Details for 202 Via Palermo

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom, Gas
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • Flooring: Carpet, Tile, Wood
  • Family Room, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Double Oven, Electric Cooktop, Refrigerator, Water Heater
Bathroom Information
  • # of Baths (Full): 6
Interior Features
  • Balcony, Built-in Features
  • Levels: Two
  • Security Features: 24 Hour Security
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Deck, Patio
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Direct Garage Access
  • Has Attached Garage
Lot Information
  • Lot Features: Close to Clubhouse, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 42323308
  • Year Built Source: Public Records
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Lido Isle Community Association
  • Association Fee: $2,400 (Annually)
  • Association Amenities: Outdoor Cooking Area, Picnic Area, Playground, Dock, Tennis Court(s), Clubhouse, Banquet Facilities, Meeting Room, Security
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Lido Island (LIDO)
  • Directions: Cross bridge to Lido Island, stay to right at stop sign; proceed to Via Palermo, home is on the right.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 202 Via Palermo

Last sold for $6,100,000 on January 17th, 2023
  • January, 2023

  • Jan 17, 2023

    Date

    Sold

    CRMLS: NP23005804

    $6,100,000

    Price

  • Jan 11, 2023

    Date

    Active

    CRMLS: NP23005804

    $7,000,000

    Price

  • November, 2022

  • Nov 17, 2022

    Date

    Canceled

    CRMLS: SC22219862

    $6,999,999

    Price

  • Oct 14, 2022

    Date

    Active

    CRMLS: SC22219862

    $6,999,999

    Price

  • Listing provided courtesy of CRMLS

    **RARE 66' WIDE LOT** We're pleased to present the opportunity to acquire a Rare gem property in a highly demanded Newport Beach, CA. Including 7 bedrooms and 6 bathrooms, you are going to enjoy the 4,906 sqft that composes this House built in 1947. Nested in an enjoyable neighborhood, and minutes from local attractions, public transportation, and public park. Don't miss this great opportunity!

  • September, 2022

  • Sep 10, 2022

    Date

    Expired

    CRMLS: NP22141038

    $7,000,000

    Price

  • Jun 28, 2022

    Date

    Active

    CRMLS: NP22141038

    $6,250,000

    Price

  • Listing provided courtesy of CRMLS

    This home and its spacious lot present a very unique, and rare opportunity! Beautifully located on one of Lido's largest lots, this 66' parcel has fabulous potential to remodel or build new. Situated on the corner of Strada Centro and Strada Palermo, landscaped walkways welcome you to the home. The two-story home features 7 bedrooms plus 6 bathrooms, a 2-car garage, large outdoor space, and 2 interior fireplaces. The upper level boasts a second kitchen, perfect for multi-generational living. Bring your creativity to make this home special for generations to come, as it did for the family that started it all. Lido Isle has exceptional amenities - a clubhouse, beaches, tennis courts, private parks, playgrounds, and a 24-hour security patrol. The island is conveniently located close to shopping, world-class restaurants and hotels, with only a short beach cruiser ride to the Pacific Ocean and notable surf spots. Don't miss the special opportunity!

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Tax History for 202 Via Palermo

Assessed Value (2020): $308,033
Year Land Value Improved Value Assessed Value
2020 $135,609 $172,424 $308,033

Home Value Compared to the Market

This property vs the competition

202 Via Palermo sold on January 17, 2023 for 169.23% higher than the current median sold price for the city of Newport Beach which is $2,600,000. The median sold price per/sqft for Newport Beach is $1,282 and this home is sold at $1426.82 per/sqft which puts the price per square foot 11.3% higher than the current median sale per square foot for the city of Newport Beach.

About 202 Via Palermo

Detailed summary of property

202 Via Palermo is a single family home that recently sold in Newport Beach, CA 92663. This house offered 7 bedrooms, 6 bathrooms, roughly 4,906 living square feet, and sits on an approximately 5,280 square foot lot. 202 Via Palermo was first listed on ArdentRealEstateGroup.com on January 11, 2023. The homeowner sold the property for $6,100,000. Home in Newport Beach are selling for a median price of $2,600,000 and a median price per square foot of $1,282. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 169.23% higher than the current median priced home. Local homes that are currently for sale include 423 E Edgewater Ave, 1007 Grove Ln and 3810 River Ave. This home does have a Homeowners Association and the monthly fee is $200 per month. There are currently 243 homes for sale in the Newport Beach real estate market and 193 of them are single family homes while 41 of them are condos and 9 are townhomes. For more information on this home for sale at 202 Via Palermo 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 202 Via Palermo

Public county record property details
Beds
6
Baths
5
Year built
1947
Sq. Ft.
4,906
Lot Size
5,280
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
107
APN
423-233-08

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.
$1,546
Median Sold Price
$2,560,000
Median Sold Price/Sq.Ft.
$1,290
Total Inventory
80
Median Sale to List Price %
98.46%
Avg Days on Market
46
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (53.85%), Other (15.38%)

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Related Resources to 202 Via Palermo

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.