$3,000,000
●
House -
Off Market
1201 Cliff Drive
Newport Beach, CA 92663
5 Beds
3 Baths,
1
Half Bath
3,972 Ft²
$3,560,436
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Beautiful 4-bed, 4-bath residence, with a potential fifth bedroom
currently used as an office. The sun-filled kitchen boasts a large
island, stainless steel appliances, and a breakfast nook. Adjacent
to the kitchen is the large family room with a bar and built-in
bookcases. The spacious owner's suite includes a private deck with
ocean views, a separate sitting area, two spacious walk-in closets,
and a marble-clad bathroom with a tub. Fully enclosed by mature
trees, the grassy yard features a wrap-around deck, outdoor
kitchen/BBQ area, and spa. An oversized three-car garage and a
laundry/service porch complete the residence. Located close to
Ensign Elementary School and Newport Harbor High School. All offers
are due on Friday, January 15th by 4:00 pm.
Unit Size
3,972 Ft²
Days on Market
44 days
Land Size
0.17 acres
Price per sqft
$705
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CLAW #21678838)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2021 | Sold | ||
| Sold | |||
| Jan 11, 2021 | Listed by The Oppenheim Group | $2,799,000 | |
| Listed by The Oppenheim Group | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 27, 2019 | Listed | $2,888,888 | |
| Listed | |||
| | |||
|
This gorgeous 3,972 sqft home is located seconds away from lower Newport Bay & offers 5 bedrooms w/ 4 bathrooms & views of the Harbor. Head up the red brick steps into your new home & you'll be greeted w/ a spacious entry, a staircase w/ classy iron railings & high ceilings that open up to the 2nd floor. The 1st floor offers 2 bedrooms & 1 bathroom. Continue exploring the main level & you'll find a living room w/ a fireplace, family room w/ an elegant wet bar, a laundry room w/ sink, a formal dining room, & a large kitchen w/ an island & separate dining area. The kitchen offers 6 burner gas stove & oven, microwave, additional smaller oven, dishwasher, & mini fridge & sink w/ the island. (Please note, the larger fridge is not included in sale). Head upstairs into the open loft area w/ fireplace, small bar w/ mini fridge, & balcony. Here you will find 3 bedrooms & 3 baths. The Master bedroom has a balcony, a walk in closet, large master bathroom w/ double doors, frameless glass shower w/ 3 shower heads, bathtub, his & her sinks & vanity. Throughout the home is crown moldings, recessed lighting, hardwood floors, Caesar stone counters & ceiling fans and has views of the Harbor. The three car garage offers plenty of space for storage as well as a separate stor The manager has listed the unit size as 3972 square feet.
| |||
| Sep 2, 2017 | Listed | $2,998,888 | |
| Listed | |||
| | |||
|
The manager has listed the unit size as 3972 square feet.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Beach
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Listed by: Heather Young, The Oppenheim Group
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 21678838
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 21678838
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