Sold Jul 28, 2017
$1,555,000
Buyer
$860,000
by Citi Bank N A
Mortgage
Sold Jan 21, 2015
$1,995,000
Seller
$790,000
by Umpqua Bank
Mortgage
305 East Bay 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 1930 and is 94 years old.
However, we must point out that the home was most recently renovated and altered in 1931.
The building has a total of 2 stories.
In addition, 305 East Bay Avenue has 1,078 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 800 ft and across the front of the lot is 300 ft.
The area measurement of the land has been determined as 2,400 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 572 sqft. 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, 305 East Bay Avenue sold most recently in Jul 7, 2017 for a total of $1,555,000. If you work out the math, that's approximately a cost of $1,442.49 per sqft. Before that, the property was also sold for $1,995,000 in Jan 5, 2015. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $19,376 in taxes each year. 305 East Bay Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,700,618. If we break it down further, the land itself was valued at $1,443,613. Improvements to the property, however, were assessed at a total of $257,005. The property's total assessed value has been marked as more than the total market value 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. 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.
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 572 sqft. 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, 305 East Bay Avenue sold most recently in Jul 7, 2017 for a total of $1,555,000. If you work out the math, that's approximately a cost of $1,442.49 per sqft. Before that, the property was also sold for $1,995,000 in Jan 5, 2015. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $19,376 in taxes each year. 305 East Bay Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,700,618. If we break it down further, the land itself was valued at $1,443,613. Improvements to the property, however, were assessed at a total of $257,005. The property's total assessed value has been marked as more than the total market value 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. 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.
305 East Bay Avenue, Newport Beach, CA 92661
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