507 E Bay Ave Newport Beach, CA 92661

$1,685,000 Sold Price as of 08/14/2018

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$1,685,000 Sold Price as of 08/14/2018 Refinance Your Mortgage

Property Overview: 507 E Bay Ave Newport Beach, CA has -- bedrooms, -- bathrooms, -- living square feet and 2,142 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

507 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.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Newport Beach Agent

Sale History for 507 E Bay Ave

Last sold for $1,685,000 on August 15th, 2018

August, 2018
Aug 16, 2018

Date

Sold

CRMLS: OC18098766

$1,685,000

Price
Jul 18, 2018

Date

Pending

CRMLS: OC18098766

$1,799,900

Price
Apr 28, 2018

Date

Active

CRMLS: OC18098766

$1,799,900

Price
Listing provided courtesy of CRMLS

Great Opportunity to live and invest steps from the beach. Live in the front & rent out the back or vise versa. Built from the ground up in 2012 this mini Mediterranean Villa with large roof top deck encompassing city lights and ocean views is ready for the most discerning buyer. Two units with superior quality finishes, extensive travertine tile work throughout, gorgeous custom cabinetry, rich granite counter tops, exquisite craftsmanship makes this a must see !!! Front unit is 2 bedroom 2 1/2 bath. Master Suite includes a private balcony which leads to the roof top deck. Master Bath with double sink vanities. Back unit with the same quality finishes has 1 bedroom, 1 bath with a massive 160 sq. ft balcony for entertaining or just taking in the ocean breeze. Fireplace, laundry, security system, pre-wired surround sound, 4 car attached garage parking (2 for the front unit, 2 for the rear unit). Garage parking leads directly into individual units. Award winning school district, popular destination for shopping and entertainment, minutes to Newport Center and Fashion Island. Identical unit next door, reverse floor plan is also for Sale each parcel is being offered at $1.799K Each Parcel can easily be converted to VACATION RENTAL to increase income potential by submitting application/fees to the city of Newport Beach. Buyer to verify all information with the city for its intended or desired use.

Continue Reading
August, 2018
Aug 14, 2018

Date

Sold (Public Records)

Public Records

$1,685,000

Price
November, 2017
Nov 1, 2017

Date

Expired

CRMLS: OC17162953

$1,825,000

Price
Jul 31, 2017

Date

Active

CRMLS: OC17162953

$1,825,000

Price
Listing provided courtesy of CRMLS

Built in 2012 this mini Mediterranean Villa with 650 sq. ft of roof top deck encompassing city lights and ocean views is ready for the most discerning buyer. Two units with superior quality finishes, extensive travertine tile work throughout, gorgeous custom cabinetry, rich granite counter tops, exquisite craftsmanship makes this a must see !!! Front unit is 2 bedroom 2 1/2 bath. Master Suite includes a private balcony which leads to the roof top deck. Master Bath with double sink vanities. Back unit with the same quality finishes has 1 bedroom, 1 bath with a massive 160 sq. ft balcony for entertaining or just taking in the ocean breeze. Fireplace, laundry, security system, pre-wired surround sound, 4 car attached garage parking (2 for the front unit, 2 for the rear unit). Garage parking leads directly into individual units. Award winning school district, popular destination for shopping and entertainment, minutes to Newport Center and Fashion Island. Identical unit next door, reverse floor plan is also for Sale each parcel is being offered at $1.825K Each parcel can easily be converted to Condominiums or Vacation Rental to increase income potential by submitting application/fees to the city of Newport Beach. VERY LOW VACANCY factor !!!!!!!! Buyer to verify all information with the city for its intended or desired use.

Continue Reading
February, 2012
Feb 20, 2012

Date

Leased

CRMLS: S686642

$1,950

Price
Jan 31, 2012

Date

Active

CRMLS: S686642

$1,900

Price
Listing provided courtesy of CRMLS

Brand New Construction, this spacious 1 bedroom 1 bath unit with open floor plan is ready for occupancy. Features like travertine tile flooring throughout, gorgeous custom cabinetry, rich granite counter tops, and exquisite craftsmanship make for luxurious coastal living. Additionally, security system, pre-wired surround sound, 2 car attached garage are added features. Award winning school district, a popular destination for shopping and entertainment, minutes to Newport center and Fashion Island. This unit is one block to beach and one bloc to the bay, a dream location with many amenities within walking distance. 2 car attached garage/laundry in unit.

Continue Reading
March, 2006
Mar 1, 2006

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 507 E Bay Ave

Assessed Value (2020): $1,678,378

Year	Land Value	Improved Value	Assessed Value
2020	$1,393,054	$285,324	$1,678,378

About 507 E Bay Ave

Detailed summary of property

507 E Bay Ave is categorized with a use code of Residential Income (General) (Multi-Family) in Newport Beach, CA 92661 and last sold on August 14, 2018 for $1,685,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 2,142 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 54.46% lower than the current median priced home. 507 E Bay Ave was last sold on August 14, 2018 for $1,685,000. 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 507 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 507 E Bay Ave

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 2,142
Stories: --

Type: Residential Income (General) (Multi-Family)
Pool: No
Spa: No
County: Orange
Lot#: 4
APN: 048-115-16

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%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote