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227 Opal Avenue

227 Opal Avenue, Newport Beach, CA 92662
Property in Balboa Island
Sold May 10, 2021
$2,575,000
$1,931,250 by Arc Home Llc
Mortgage Due Jun 01, 2051
227 Opal Avenue in Newport Beach, CA was first built in 1972 and is 52 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. 227 Opal Avenue has 2,747 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 850. In total, the area measurement of the land is 2,550 square feet.

Learn more about the property and building on this page. For those who need parking, there is a carport. The garage is 480 sqft. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 227 Opal Avenue sold most recently in Apr 15, 2021 for a total of $2,575,000. If you work out the math, that's approximately a cost of $937.39 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $31,171 in taxes each year. 227 Opal Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,679,030. If we break it down further, the land itself was valued at $2,496,960. Improvements to the property, however, were assessed at a total of $182,070. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 480
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,550
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,747
  • Gross Building Area: 2,747
  • Building Area: 2,747
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,747
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BALBOA ISLAND RESUB SEC 01
  • Land Acres: 0.059
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: A TR BALBOA ISLAND RESUB SEC 1 BLK 10 LOT 11

Ownership

  • Current Owner : VENNERI ALEX A
  • Current Owner 2: VENNERI ROSA L
  • Previous Owner : SCHUMACHER PAUL R
  • Previous Owner 2: SCHUMACHER JILL M
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 23, 2023

Neighborhood

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

Geography

  • Assessors Map Reference: 31-E6
  • Subdivision Tract Number: 99
  • Parcel: 050-072-07
  • Block: 10
  • Lot: 11
  • Latitude: 33.6074
  • Longitude: -117.896

    Address

  • Full Address: 227 Opal Ave
  • Address - House Number: 227
  • Address - Street Name: Opal
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 1032
  • Zip Code: 92662

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,171
  • Tax Rate Code Area: 07-067

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 2,117,183
  • High Value: 2,905,133
  • Low Value: 1,329,232

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,931,250
  • First Open Lien Mortgage Lender: ARC HOME LLC
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Loan Amount: $1,931,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,679,030
  • Assessed Land Value: $2,496,960
  • Assessed Improvements Value: $182,070

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11834709043
  • Current Sale Price: $2,575,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000310093

    Last Sale Mortgage

  • First Mortgage Lender: ARC HOME LLC
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $1,931,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

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Frequently Asked Questions

What neighborhood is 227 Opal Avenue located in?
The 227 Opal Avenue is a located in the neighborhood of Balboa Island in Newport Beach, Newport Beach.
What is the average sales price for listings in 227 Opal Avenue?
The average sales price for units in 227 Opal Avenue is $0 currently.

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