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222 Coral Avenue

222 Coral Avenue, Newport Beach, CA 92662
Property in Balboa Island
Refi Jan 14, 2004
Transfer
$495,000 by Washington Mutual Bank Fa
Mortgage Due Feb 01, 2034
222 Coral Avenue has been categorized by the local assessors in Newport Beach, CA as a residential type of property. The building on the property was first built in 1979 and is 45 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 222 Coral Avenue has 2,123 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 850 ft and across the front of the lot is 300 ft. The area measurement of the land has been determined as 2,550 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 441 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of wood shake/ shingles. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $11,943 in taxes per year. The property on 222 Coral Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $859,049. To break that down further, the land itself was valued at $577,435. While improvements to the property were assessed at a total of $281,614. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 441
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,550
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,123
  • Gross Building Area: 2,123
  • Building Area: 2,123
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,123
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BALBOA ISLAND
  • Land Acres: 0.059
  • Standard Land Use Code: Single family residential
  • Legal Description 1: A TR BALBOA ISLAND SEC 3 BLK 7 LOT 21

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063006

Geography

  • Assessors Map Reference: 31-F6
  • Subdivision Tract Number: 101
  • Parcel: 050-122-03
  • Block: 7
  • Lot: 21
  • Latitude: 33.6067
  • Longitude: -117.893

    Address

  • Full Address: 222 Coral Ave
  • Address - House Number: 222
  • Address - Street Name: Coral
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 1143
  • Zip Code: 92662

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,943
  • Tax Rate Code Area: 07-067

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 3,960,964
  • High Value: 4,774,619
  • Low Value: 3,147,310

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $495,000
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Open Lien Mortgage Recording Date: Jan 14, 2004
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $495,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Negative Amortization
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $859,049
  • Assessed Land Value: $577,435
  • Assessed Improvements Value: $281,614

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Frequently Asked Questions

What neighborhood is 222 Coral Avenue located in?
The 222 Coral Avenue is a located in the neighborhood of Balboa Island in Newport Beach, Newport Beach.
What is the average sales price for listings in 222 Coral Avenue?
The average sales price for units in 222 Coral Avenue is $0 currently.

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