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517 W Bay Ave, Newport Beach, CA 92661
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517 W Bay Ave Newport Beach, CA 92661

$2,630,000 Sold Price as of 08/04/2021
  • 7 Beds
  • 4 Baths
  • 3,049 Sq.Ft.
Sold
$2,630,000 Sold Price as of 08/04/2021 Refinance Your Mortgage
Map preview of 517 W Bay Ave, Newport Beach, CA 92661

Property Overview: 517 W Bay Ave Newport Beach, CA has 7 bedrooms, 4 bathrooms, 3,049 living square feet and 2,589 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Just a block from the beach and the bay, this generously proportioned, turn-key duplex presents a wonderful investment opportunity in one of the very best locations on Balboa Peninsula. Upstairs a fabulous four bedroom owners' unit offers expansive light, bright living space. The vaulted ceiling great room with fireplace adjoins a sunny kitchen with breakfast bar and dining nook. The large sunny terrace offers pleasing views of the tree-lined street and fun-filled beach locale. Four commodious bedrooms, two remodeled baths and private laundry complete the upper unit. The lower level three bedroom, two bath unit has been freshly painted and carpeted and is ready to roll! The living room has its own fireplace and sliding doors that open to a private front patio. A large two car garage completes this wonderful income opportunity that is uniquely well-suited for an owner/resident to live steps from the sand and benefit from income below. Don't let this one pass you by!

Listed by Tara Foster Shapiro | BRE #01892201 | Pacific Sotheby's Int'l Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
2,589
HOA Dues
$0/mo
Year built
1971
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP21076914
City
Newport Beach
County
Orange
Time on Site
1091 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,400
  • Total Rent: $52,800
  • Pro Forma/Market Rent: $5,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 517 W Bay Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Fireplace Information
  • Has Fireplace
  • Living Room, Gas Starter, See Remarks
Room Information
  • Flooring: Carpet, Tile, Wood
Interior Features
  • Balcony, Living Room Balcony
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Direct Garage Access, Garage
Lot Information
  • Lot Features: Level
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 04807112
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa Boulevard to Island. Island to West Bay Ave. Left here to 517.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Biking, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Newport Beach Agent

Sale History for 517 W Bay Ave

Last sold for $2,630,000 on August 4th, 2021

  • August, 2021

  • Aug 5, 2021

    Date

    Sold

    CRMLS: NP21076914

    $2,630,000

    Price

  • Jul 27, 2021

    Date

    Pending

    CRMLS: NP21076914

    $2,695,000

    Price

  • Jun 11, 2021

    Date

    Active Under Contract

    CRMLS: NP21076914

    $2,695,000

    Price

  • May 14, 2021

    Date

    Active

    CRMLS: NP21076914

    $2,695,000

    Price

  • May 14, 2021

    Date

    Price Change

    CRMLS: NP21076914

    $2,695,000

    Price

  • May 6, 2021

    Date

    Active Under Contract

    CRMLS: NP21076914

    $2,595,000

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: NP21076914

    $2,595,000

    Price

  • Apr 13, 2021

    Date

    Coming Soon

    CRMLS: NP21076914

    $2,595,000

    Price

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: PW21061716

    $4,700

    Price

  • Apr 6, 2021

    Date

    Withdrawn

    CRMLS: PW21061716

    $4,700

    Price

  • Mar 24, 2021

    Date

    Active

    CRMLS: PW21061716

    $4,700

    Price

  • Listing provided courtesy of CRMLS

    Looking to stay at the Beach house in Balboa Peninsula? This duplex unit #A is located on the ground floor with 3 bedrooms and 2 full bathrooms. Only one block away from the sandy beach and Newport Bay. New refrigerator, carpet, window coverings, crown molding throughout, and interior paint. Washer & dryer included within the unit and direct access two-car garage. Ample street parking on both sides of the street. The main entrance is on the left side of the building, very private and you can feel the ocean breeze daily coming through the windows. Wonderful opportunity to live steps away from the sand! Quiet and highly desirable West Bay locale! Available immediately. Book your appointment today.

  • April, 2013

  • Apr 23, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,490,000

    Price

  • May, 2011

  • May 24, 2011

    Date

    Sold (Public Records)

    Public Records

    $1,390,000

    Price

Show More

Tax History for 517 W Bay Ave

Assessed Value (2020): $1,644,521
Year Land Value Improved Value Assessed Value
2020 $1,463,624 $180,897 $1,644,521

Home Value Compared to the Market

This property vs the competition

517 W Bay Ave sold on August 4, 2021 for 27.16% 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 $883.9 per/sqft which puts the price per square foot 35.01% lower than the current median sale per square foot for the city of Newport Beach.

About 517 W Bay Ave

Detailed summary of property

517 W Bay Ave is a single family home that recently sold in Newport Beach, CA 92661. This house offered 7 bedrooms, 4 bathrooms, roughly 3,049 living square feet, and sits on an approximately 2,589 square foot lot. 517 W Bay Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,630,000. 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 27.16% lower than the current median priced home. Local homes that are currently for sale include 1069 Granville Dr, 4427 W Coast #13 and 257 Esther St. While the average home in Newport Beach, CA is selling in 73 days, 517 W Bay Ave has a days on market of 55 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. For more information on this home for sale at 517 W 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 517 W Bay Ave

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
3,023
Lot Size
2,589
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
048-071-12

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
45
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 517 W Bay Ave

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523 W Balboa Blvd, Newport Beach, CA 92661
$2,200,000 Last Sold Price
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523 W Balboa Blvd
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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.

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