See Home Value
$2,725,000
● House - Off Market

16 Palazzo

Newport Beach, CA 92660
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,023 Ft²
$4,168,595
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Situated on a coveted corner lot within the 24-hour guard gated community of Bonita Canyon, this turn-key home is an opportunity not to be missed. Upon entering the beautiful 5 bedroom, 4.5 bath residence, soaring ceilings and formal entertaining spaces beckon. An elegant dining room offers French doors that lead to a serene patio, and a gracious living room with fireplace is drenched in natural light. The spacious chef's kitchen features stainless steel appliances, including a Thermador 6-burner rangetop and convection oven, newly remodeled quartzite countertops and a large center island with breakfast bar. Underscoring an open-concept layout, the kitchen opens onto a breakfast nook and a welcoming family room with fireplace and built-in cabinetry. An inviting and perfectly manicured rear yard creates the ideal al fresco entertaining venue. Punctuated by an outdoor island with BBQ, water feature, and covered patio, the rear yard is accessed by French doors from the kitchen, family room, or guest suite. An office nook, guest suite and large laundry room complete the main level. Upstairs, a luxurious master suite evokes relaxation with a sumptuous master bath offering an oversized shower, soaking tub, and dual walk-in closets. 3 additional bedrooms and a large bonus room join the master on the second floor. Additional features include a 3-car garage and resort-style community amenities including tennis courts, park, pool and spa.
Unit Size
4,023 Ft²
Days on Market
126 days
Land Size
0.17 acres
Price per sqft
$708
Property Type
House
Property Taxes
-
HOA Dues
$350
Year Built
1998

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Last updated: 5 months ago (CRMLS #NP19196277)

Price History

Date / Event Date Event Price
Dec 20, 2019 Sold
Sold
Aug 16, 2019 Listed by Compass $2,850,000
Listed by Compass

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 606
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,530
  • Total Building Area: 4,023
  • Building Area: 4,023
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,023
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRACT NO 15517
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: N TR 15517 BLK LOT 34

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062657

Geography

  • Subdivision Tract Number: 15517
  • Parcel: 458-723-19
  • Lot: 34
  • Latitude: 33.6315
  • Longitude: -117.855

    Address

  • Full Address: 16 Palazzo
  • Address - House Number: 16
  • Address - Street Name: Palazzo
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C028
  • 4-Digit Zip Code: 9105
  • Zip Code: 92660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,329,960
  • Tax Rate Code Area: 07-116

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 73
  • Final Value: 3,952,223
  • High Value: 4,737,734
  • Low Value: 3,166,712

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,864,460
  • Assessed Land Value: $2,210,740
  • Assessed Improvements Value: $653,720

    Sales

  • Current Sale Contract Date: Nov 13, 2019
  • Current Sale Recording Date: Dec 20, 2019
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2019000533749
  • Previous Sale Recording Date: Nov 25, 1998
  • Previous Sale Contract Date: Jul 06, 1998
  • Previous Sale Amount: $740,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Newport Beach


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Frequently Asked Questions

When was property at 16 Palazzo built and last sold?
The property at 16 Palazzo was built in 1998 and last sold on Nov 13, 2019 for $2,725,000.
How much is this home worth?
The estimated value of the home located at 16 Palazzo is $2,878,500.
What are some comparable homes to 16 Palazzo?
There are currently no comparable homes to 16 Palazzo.

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