225 Marine Ave Newport Beach, CA 92662

$2,000,000 Sold Price as of 03/07/2016

-- Beds
-- Baths
2,067 Sq.Ft.

Off Market

$2,000,000 Sold Price as of 03/07/2016 Refinance Your Mortgage

Map preview of 225 Marine Ave, Newport Beach, CA 92662

Property Overview: 225 Marine Ave Newport Beach, CA has -- bedrooms, -- bathrooms, 2,067 living square feet and 2,217 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

225 Marine Ave 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 $4,200,000. The median price per/sqft for Newport Beach is $1,512. 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 $840,000 for the down payment and will need roughly $84,000 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 $137,500. 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 225 Marine Ave

Last sold for $2,000,000 on March 7th, 2016

September, 2024
Sep 18, 2024

Date

Expired

CRMLS: OC24114680

$11,224

Price
Jun 5, 2024

Date

Active

CRMLS: OC24114680

$11,224

Price
Listing provided courtesy of CRMLS

Balboa Island 45 feet of frontage on Marine Avenue. Open and inviting, a beautifully upgraded light and bright retail shop with high ceilings, recent remodel and ADA compliant bathroom. Sliding glass doors that completely open to the street for maximum exposure, space is currently used for display and high level mixed retail, could be possible for restaurant (with City of Newport Beach approvals). Rare one-car garage included in the back of building. Offered with optional office space upstairs for office/studio apartment at additional rent. A special space in an ideal location. Please contact listing agents for showings.

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March, 2020
Mar 2, 2020

Date

Expired

CRMLS: OC19211347

$2,650,000

Price
Sep 5, 2019

Date

Active

CRMLS: OC19211347

$2,650,000

Price
Listing provided courtesy of CRMLS

BALBOA ISLAND Rare opportunity to purchase spacious commercial building in prime location, with upstairs office/studio and one car garage/storage area located on popular Marine Avenue. Very high walking traffic, International tourist destination, located among diversified restaurants, shops and service businesses, including the new Irvine Ranch Market to open this Fall. Note all numbers are pro forma based on $4.61 per sq ft for entire building NNN. Retail space approximarely 1900 sq ft , office approximately 520 sq ft. Net charges approximately $1.42 per sq ft.

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March, 2016
Mar 7, 2016

Date

Sold (Public Records)

Public Records

$2,000,000

Price
April, 2009
Apr 30, 2009

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 225 Marine Ave

Assessed Value (2020): $2,116,771

Year	Land Value	Improved Value	Assessed Value
2020	$1,989,765	$127,006	$2,116,771

About 225 Marine Ave

Detailed summary of property

225 Marine Ave is categorized with a use code of Restaurant in Newport Beach, CA 92662 and last sold on March 7, 2016 for $2,000,000. This property has -- bedrooms, -- bathrooms, roughly 2,067 living square feet, and sits on an approximately 2,217 square foot lot. Homes in Newport Beach are selling for a median price of $2,750,000 and a median price per square foot of $1,406. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 27.27% lower than the current median priced home. 225 Marine Ave was last sold on March 7, 2016 for $2,000,000. Local nearby listings include 501 L St, 113 Topaz Ave and 1305 E Balboa Blvd. The average home in Newport Beach, CA is selling in 93 days. There are currently 272 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 56 of them are condos and 15 are townhomes. If you are the homeowner and looking to sell the home at 225 Marine 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 225 Marine Ave

Public county record property details

Beds: --
Baths: --
Year built: 1934
Sq. Ft.: 2,067
Lot Size: 2,217
Stories: 1

Type: Restaurant
Pool: No
Spa: No
County: Orange
Lot#: 16
APN: 050-162-26

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

$4,800,000

Median List Price/Sq.Ft.

$2,329

Median Sold Price

$4,937,500

Median Sold Price/Sq.Ft.

$2,163

Total Inventory

Median Sale to List Price %

89.85%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

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