417 E Bay Ave Newport Beach, CA 92661

$1,500,000 Sold Price as of 04/10/2020

-- Beds
-- Baths
978 Sq.Ft.

Off Market

$1,500,000 Sold Price as of 04/10/2020 Refinance Your Mortgage

Property Overview: 417 E Bay Ave Newport Beach, CA has -- bedrooms, -- bathrooms, 978 living square feet and 2,361 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

417 E Bay 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 $4,298,800. 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 417 E Bay Ave

Last sold for $1,500,000 on April 10th, 2020

August, 2021
Aug 17, 2021

Date

Withdrawn

CRMLS: OC21168840

$4,695,000

Price
Aug 4, 2021

Date

Active

CRMLS: OC21168840

$4,695,000

Price
Listing provided courtesy of CRMLS

Brand New 2021 Duplex built by local specialist Burkhart Brothers and designed by famed Architect Mark Teale. TWO SHORT TERM PERMITS creating a superb income stream. This is a great opportunity to own a magnificent new construction in the heart of the Newport Beach Peninsula. This Duplex is just steps away from Newport Bay, Balboa Fun Zone, and across the street from the Balboa Pier and Beach. The property is located in a gem of a neighborhood, quiet but close to all activities the peninsula has to offer. Surrounded by long term residence and is short term permitted. Has a tremendous ,proven potential for rental income. Live in one unit and rent the other one, Or rent out both units as luxury rentals. The units are completely separated and Do not share any common entrances. **Unit A**: 3 Bed, 3.5 Baths at 1549 sqft, complemented by an amazing rooftop deck with Bay views, that is sure to host many gatherings,1 attached garage, and 1 carport. **Unit B**: 2 Bed, 2 Baths at 1232 sqft, complemented by an amazing rooftop deck with a great view, 1 attached garage, and 1 carport. Enjoy and relax in casual luxury with modern, clean, and chic, custom condos away from traffic and noise. Both units are equipped with Sub-Zero and Wolf appliances. Smart home by control 4 system. Property is turn-key, fully furnished, and registered with Turnkey Luxury Short term rental company.

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June, 2021
Jun 9, 2021

Date

Canceled

CRMLS: OC21103397

$4,690,000

Price
May 15, 2021

Date

Active

CRMLS: OC21103397

$4,690,000

Price
Listing provided courtesy of CRMLS

Brand New 2021 Construction, with two SHORT TERM PERMITS. This is a great opportunity to own a magnificent new construction in the heart of the Newport Beach Peninsula. This Duplex is just steps away from Bay, Balboa Fun Zone, and across from Beach, Balboa Pier & Ocean. Walking distance to the ferry to the Balboa Island and Catalina Ferry. The property is on a quiet neighborhood but close to all activities the peninsula has to offer. Surrounded by long term residence and is short term permitted. Has a tremendous ,proven potential for rental income. Live in one unit and rent the other one, Or rent out both units as luxury rentals. The units are completely separated and Do not share any common entrances. **Unit A**: 3 Bed, 3.5 Baths at 1549 sqft, complemented by an amazing rooftop deck with Bay views, that is sure to host many gatherings,1 attached garage, and 1 carport. **Unit B**: 2 Bed, 2 Baths at 1232 sqft, complemented by an amazing rooftop deck with a great view, 1 attached garage, and 1 carport. Enjoy and relax in casual luxury with modern, clean, and chic, custom condos away from traffic and noise. Both units are equipped with Sub-Zero and Wolf appliances. Smart home by control 4 system. Property is turn-key, fully furnished, and registered with Turnkey Luxury Short term rental company. Build by known NB builder Burkhart Bros and Designed by Teale Architecture.

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April, 2021
Apr 1, 2021

Date

Expired

CRMLS: OC20237505

$3,580,000

Price
Mar 17, 2021

Date

Withdrawn

CRMLS: OC20237505

$3,580,000

Price
Dec 15, 2020

Date

Active Under Contract

CRMLS: OC20237505

$3,580,000

Price
Dec 12, 2020

Date

Active

CRMLS: OC20237505

$3,580,000

Price
Nov 11, 2020

Date

Coming Soon

CRMLS: OC20237505

$3,580,000

Price
Listing provided courtesy of CRMLS

Brand New Construction. This is a great opportunity to own a magnificent new construction in the heart of the Newport Beach Peninsula. This Duplex is just steps away from Bay, Balboa Fun Zone, and across from Beach, Balboa Pier & Ocean. *Unit A*: 3 Bed, 3.5 Baths at 1549 sqft, complemented by an amazing rooftop deck that is sure to host many gatherings,1 attached garage, and 1 carport *Unit B*: 2 Bed, 2 Baths at 1232 sqft, complemented by an amazing rooftop deck with a great view, 1 attached garage, and 1 carport. Enjoy and relax in casual luxury with modern, clean and chic, custom condos away from traffic, yet conveniently close to all that Newport offers. Property is short term rental permitted with a potential annual income of around $325,000. Project is scheduled to be completed by March 2021.

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April, 2020
Apr 10, 2020

Date

Sold (Public Records)

Public Records

$1,500,000

Price
December, 2018
Dec 28, 2018

Date

Sold (Public Records)

Public Records

--

Price
January, 2018
Jan 11, 2018

Date

Sold

CRMLS: OC17137383

$1,325,000

Price
Nov 18, 2017

Date

Pending

CRMLS: OC17137383

$1,399,900

Price
Nov 17, 2017

Date

Active Under Contract

CRMLS: OC17137383

$1,399,900

Price
Oct 31, 2017

Date

Active

CRMLS: OC17137383

$1,399,900

Price
Aug 26, 2017

Date

Pending

CRMLS: OC17137383

$1,399,900

Price
Aug 25, 2017

Date

Price Change

CRMLS: OC17137383

$1,399,900

Price
Aug 15, 2017

Date

Active

CRMLS: OC17137383

$1,499,900

Price
Aug 2, 2017

Date

Pending

CRMLS: OC17137383

$1,499,900

Price
Jul 27, 2017

Date

Price Change

CRMLS: OC17137383

$1,499,900

Price
Jul 13, 2017

Date

Price Change

CRMLS: OC17137383

$1,549,900

Price
Jun 17, 2017

Date

Active

CRMLS: OC17137383

$1,599,000

Price
Listing provided courtesy of CRMLS

**Investor’s Special** Four-unit multi-family investment property located on the Balboa Peninsula in the city of Newport Beach. 2 units are located on Bay Ave and the other 2 units are located on Harding St. 3 units are 1 bed 1 bath. 1 unit is the same but with an extra small room. Each unit has its own full kitchen and bath and is loaded with charm. Repairs and TLC that is needed in all units. Rarely a property as this comes on the market and the possibilities are endless. The property is situated in one of the most desirable locations on the Coast sitting just one block from the bay and two blocks from the ocean, in close proximity to the Wedge. The Wedge is a popular surfing spot located at the extreme east end of the Balboa Peninsula. This is a Real Estate Owned sale being sold AS-IS. The Appraised value is there and once the repairs are done, it will only increase the value!!! Buyer’s agent to verify everything.

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Tax History for 417 E Bay Ave

Assessed Value (2020): $1,319,581

Year	Land Value	Improved Value	Assessed Value
2020	$1,279,994	$39,587	$1,319,581

About 417 E Bay Ave

Detailed summary of property

417 E Bay Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Newport Beach, CA 92661 and last sold on April 10, 2020 for $1,500,000. This property has -- bedrooms, -- bathrooms, roughly 978 living square feet, and sits on an approximately 2,361 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 59.46% lower than the current median priced home. 417 E Bay Ave was last sold on April 10, 2020 for $1,500,000. Local nearby listings include 1817 W Bay Ave #3, 317 E. Bayfront and 115 33rd St. 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 417 E Bay Ave Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 417 E Bay Ave

Public county record property details

Beds: --
Baths: --
Year built: 1923
Sq. Ft.: 978
Lot Size: 2,361
Stories: 2

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Orange
Lot#: 3
APN: 048-113-03

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$6,750,000

Median List Price/Sq.Ft.

$2,183

Median Sold Price

$4,625,000

Median Sold Price/Sq.Ft.

$1,741

Total Inventory

Median Sale to List Price %

92.59%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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(714) 706-1823

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