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3124 Corte Hermosa

3124 Corte Hermosa, Newport Beach, CA 92660
Property in Newport
Sold Nov 13, 2020
$1,399,000
$1,119,200 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2050
Sold Oct 23, 2013
$1,125,000
Local assessors in Newport Beach, CA have categorized 3124 Corte Hermosa as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 3,575 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 3124 Corte Hermosa has a total of 1,969 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 480 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Residents rely on central air conditioning for their cooling system. The home's a gas heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 3124 Corte Hermosa was last sold in Oct 29, 2020 for $1,399,000. According to our calculations, that's $710.51 per sqft. Prior to that sales transaction, the property was sold for $1,125,000 in Oct 18, 2013. Current property owners are expected to pay $15,500 in taxes per year. The property on 3124 Corte Hermosa was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,455,519. To break that down further, the land itself was valued at $1,208,094. While improvements to the property were assessed at a total of $247,425. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,575
  • Total Building Area: 1,969
  • Building Area: 1,969
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Gas
  • Heated Square Feet: 1,969
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 12271
  • Land Acres: 0.082
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 12271 BLK LOT 72

Ownership

  • Current Owner : NAZER ARSHIA
  • Current Owner 2: WOOD PETER
  • Previous Owner : BREWER KATHRYN
  • Owner Before Previous Owner: NACKOWSKI ROBERT S
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063007

Geography

  • Assessors Map Reference: 32-B2
  • Subdivision Tract Number: 12271
  • Parcel: 442-055-53
  • Lot: 72
  • Latitude: 33.6455
  • Longitude: -117.864

    Address

  • Full Address: 3124 Corte Hermosa
  • Address - House Number: 3124
  • Address - Street Name: Corte Hermosa
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C062
  • 4-Digit Zip Code: 3250
  • Zip Code: 92660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,500
  • Tax Rate Code Area: 07-102

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 73
  • Final Value: 2,171,525
  • High Value: 2,603,119
  • Low Value: 1,739,931

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,119,200
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Nov 13, 2020
  • First Open Lien Mortgage Loan Amount: $1,119,200
  • 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: Dec 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,455,519
  • Assessed Land Value: $1,208,094
  • Assessed Improvements Value: $247,425

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Transaction ID: 11799825913
  • Current Sale Price: $1,399,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000657428
  • Previous Sale Recording Date: Oct 23, 2013
  • Previous Sale Contract Date: Oct 18, 2013
  • Previous Sale Amount: $1,125,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Nov 13, 2020
  • First Mortgage Loan Amount: $1,119,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

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Frequently Asked Questions

What neighborhood is 3124 Corte Hermosa located in?
The 3124 Corte Hermosa is a located in the neighborhood of Newport in Newport Beach, Newport Beach.
What is the average sales price for listings in 3124 Corte Hermosa?
The average sales price for units in 3124 Corte Hermosa is $0 currently.

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