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2500 1st Avenue

2500 1st Avenue, Corona Del Mar, CA 92625
Multifamily in Corona del Mar
Sold Dec 23, 2019
$6,530,591
Sold Aug 30, 2019
$2,825,000
$1,630,000 by Andrea Mary Zaninovich Trust
Mortgage
2500 1st Avenue has been categorized by the local assessors in Corona Del Mar, CA as a residential type of property. The building on the property was first built in 1958 and is 66 years old. In addition, 2500 1st Avenue has 1,979 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,537 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2500 1st Avenue was last sold in Dec 12, 2019 for $6,530,591. According to our calculations, that's $3,299.94 per sqft. Prior to that sales transaction, the property was sold for $2,825,000 in Aug 20, 2019. Current property owners are expected to pay $31,659 in taxes per year. The property on 2500 1st Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,969,579. To break that down further, the land itself was valued at $2,885,386. While improvements to the property were assessed at a total of $84,193. 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: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,537
  • Total Building Area: 1,979
  • Gross Building Area: 1,979
  • Building Area: 1,979
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,979
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORONA DEL MAR
  • Land Acres: 0.081
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: A TR CORONA DEL MAR BLK 431 LOT 2

Ownership

  • Current Owner : BLAND ANDREA Z
  • Current Owner 2: ANDREA MARY ZANINOVICH TRUST
  • Previous Owner : REVX BLAND INC
  • Owner Before Previous Owner: SPAK MICHAEL J
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062701

Geography

  • Assessors Map Reference: 33-A1
  • Subdivision Tract Number: 186
  • Parcel: 459-111-08
  • Block: 431
  • Lot: 2
  • Latitude: 33.6007
  • Longitude: -117.876

    Address

  • Full Address: 2500 1st Ave
  • Address - House Number: 2500
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Corona Del Mar
  • Carrier Code: C016
  • 4-Digit Zip Code: 2850
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,659
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 2,264,494
  • High Value: 3,107,268
  • Low Value: 1,421,719

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,969,579
  • Assessed Land Value: $2,885,386
  • Assessed Improvements Value: $84,193

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Dec 23, 2019
  • Current Sale Transaction ID: 11711987682
  • Current Sale Price: $6,530,591
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019000538925
  • Previous Sale Recording Date: Aug 30, 2019
  • Previous Sale Contract Date: Aug 20, 2019
  • Previous Sale Amount: $2,825,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: ANDREA MARY ZANINOVICH TRUST
  • Previous Mortgage Transaction Date: Aug 30, 2019
  • Previous Mortgage Loan Amount: $1,630,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Corona del Mar



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Frequently Asked Questions

What neighborhood is 2500 1st Avenue located in?
The 2500 1st Avenue is a multifamily located in the neighborhood of Corona del Mar in Corona del Mar, Corona Del Mar.
What is the average sales price for listings in 2500 1st Avenue?
The average sales price for units in 2500 1st Avenue is $0 currently.

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