207 29Th St, Newport Beach, CA 92663
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207 29Th St Newport Beach, CA 92663

$2,795,000 Sold Price as of 03/22/2024
  • 4 Beds
  • 2.75 Baths
  • 1,792 Sq.Ft.
Sold
$2,795,000 Sold Price as of 03/22/2024 Refinance Your Mortgage

Map preview of 207 29Th St, Newport Beach, CA 92663

Property Overview: 207 29Th St Newport Beach, CA has 4 bedrooms, 2.75 bathrooms, 1,792 living square feet and 2,375 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 207 29th Street offers a unique opportunity for those seeking a blend of coastal living and investment potential in Newport Beach. Just STEPS from the ocean and a short walk to Balboa Peninsula's local restaurants and shops, this remodeled duplex sits on a quiet and wide street predominantly occupied by long-term residents, ensuring a tranquil environment away from peninsula street traffic and noise. The UPPER unit with three-bedrooms and two-baths, completely remodeled in 2021 with contemporary upgrades, boasts vaulted ceilings, attractive flooring and a charming corner fireplace within an open-plan living room and kitchen area. This layout flows onto a generously-sized sunny patio, offering residents the luxury of peekaboo ocean views while enjoying the fresh ocean air and ambiance. The LOWER unit with one-bedroom and one-bath retains its original charm, including a fireplace and a large outdoor patio. Both units are rented on a month-to-month basis. Convenient parking options include a 3-car garage and an additional space in alley at the rear of the property. Moreover, the property presents significant potential for redevelopment under Newport Beach zoning regulations. Permitted options for new construction include a two-story, two-unit duplex or condominium, and/or ADU configuration. Local architect Rod A. Jeheber has drafted plans (available to potential buyers) for a contemporary two-unit condominium with modern amenities and ocean views, catering to both full-time and part-time residents seeking a lock-and-go lifestyle. Whether you're looking for a coastal retreat, an investment opportunity, or a combination of both, don't miss out on this prime opportunity to enjoy beach-life year around.

Listed by Tom Billings | BRE #01715854 | Coldwell Banker Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
2,375
HOA Dues
$0/mo
Year built
1977
Garage
3 Car
Property Type:
Duplex
Status
Sold
MLS#
NP24031230
City
Newport Beach
County
Orange
Time on Site
78 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,400
  • 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

Virtual Tour

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Property Details for 207 29Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • In Garage, Individual Room, Upper Level
Fireplace Information
  • Has Fireplace
  • Living Room, Gas, Fire Pit
Room Information
  • Flooring: Laminate
  • Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway Level, Garage, Tandem Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre, Level with Street
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Has View
  • View: Coastline, Ocean, Water
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04707212
  • Year Built Source: Public Records
  • Entry Level: 2
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: West Newport/Balboa Peninsula
  • Directions: Newport Blvd to right at 29th Street
Neighborhood Information
  • Community Features: Biking, Fishing, Hiking, Watersports
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Sale History for 207 29Th St

Last sold for $2,795,000 on March 22nd, 2024
  • March, 2024

  • Mar 22, 2024

    Date

    Sold

    CRMLS: NP24031230

    $2,795,000

    Price

  • Feb 15, 2024

    Date

    Active

    CRMLS: NP24031230

    $2,795,000

    Price

  • September, 2022

  • Sep 1, 2022

    Date

    Sold

    CRMLS: OC22155495

    $2,265,000

    Price

  • Jul 15, 2022

    Date

    Active

    CRMLS: OC22155495

    $2,699,000

    Price

  • Listing provided courtesy of CRMLS

    Recently remodeled Newport Beach Duplex! Use both units as rentals, or live in one and collect income from the other. UPSTAIRS UNIT (Unit #B) - 3 bedroom / 2 bathroom. Fully remodeled. 1,144 sq ft. Vaulted ceilings. Kitchen is open to the living room. Fireplace in the living room. Large deck off of the front of the building with ocean views. Coin-operated leased laundry machines in the hallway. Deck off the master bedroom in the back. 2-car tandem parking in the garage plus one space in the back. DOWNSTAIRS UNIT (Unit #A) - 1 bedroom / 1 bathroom. This unit is in original condition and is not yet updated or remodeled. 648 sq ft. Fireplace in the living room. Large patio in front. Coin-operated leased laundry machines in the garage. 1-car parking in the garage plus 1 space in the back. There is a total of 5 parking spaces (3 garage spaces and 2 spaces in the back). Both of the units have their own coin-operated laundry machines. Unit #A (downstairs 1-bedroom) tenant is currently month-to-month. Unit #B (upstairs 3-bedroom) is vacant and ready for a new owner! This is the perfect opportunity for an investor or an owner-user who wants to enjoy the Newport Beach lifestyle in the perfect location. Distanced well from the street noise of Balboa Blvd and Newport Blvd. Great access to the beach, the bay, and all that Newport has to offer. Just in time for Summer!

  • March, 2003

  • Mar 18, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 207 29Th St

Assessed Value (2020): $225,296
Year Land Value Improved Value Assessed Value
2020 $121,660 $103,636 $225,296

Home Value Compared to the Market

This property vs the competition

207 29Th St sold on March 22, 2024 for 24.46% 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 $1559.71 per/sqft which puts the price per square foot 14.68% higher than the current median sale per square foot for the city of Newport Beach.

About 207 29Th St

Detailed summary of property

207 29Th St is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 4 bedrooms, 2.75 bathrooms, roughly 1,792 living square feet, and sits on an approximately 2,375 square foot lot. 207 29Th St was first listed on ArdentRealEstateGroup.com on February 15, 2024. The homeowner sold the property for $2,795,000. 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 24.46% lower than the current median priced home. Local homes that are currently for sale include 246 Walnut St, 353 Hamilton St and 205 Huntington St. While the average home in Newport Beach, CA is selling in 74 days, 207 29Th St has a days on market of 2 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 207 29Th St 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 207 29Th St

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
1,792
Lot Size
2,339
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
20
APN
047-072-12

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
$4,299,000
Median List Price/Sq.Ft.
$1,509
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
86
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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Related Resources to 207 29Th St

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.