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324 East Balboa Bl

324 East Balboa Bl, Newport Beach, CA 92661
Refi Aug 24, 2021
Transfer
$1,072,500 by City National Bank
Mortgage
324 East Balboa Bl in Newport Beach, CA was first built in 1965 and is 59 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. 324 East Balboa Bl has 2,736 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 800. In total, the area measurement of the land is 2,400 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. The garage is 380 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. Tax-wise, the current owner is expected to pay close to $5,115 in taxes each year. 324 East Balboa Bl was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $437,538. If we break it down further, the land itself was valued at $316,242. Improvements to the property, however, were assessed at a total of $121,296. 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: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 380
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,400
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,736
  • Gross Building Area: 2,736
  • Building Area: 2,736
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,736
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NEWPORT BAY TRACT
  • Land Acres: 0.055
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: A TR NEWPORT BAY TR BLK 3 LOT 8

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062800

Geography

  • Assessors Map Reference: 31-E6
  • Subdivision Tract Number: 510
  • Parcel: 048-092-28
  • Block: 3
  • Lot: 8
  • Latitude: 33.6034
  • Longitude: -117.903

    Address

  • Full Address: 324 E Balboa Blvd
  • Address - House Number: 324
  • Street Direction: E
  • Address - Street Name: Balboa
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 0200
  • Zip Code: 92661

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,115
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 980,724
  • High Value: 1,345,719
  • Low Value: 615,728

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,072,500
  • First Open Lien Mortgage Lender: CITY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $1,072,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437,538
  • Assessed Land Value: $316,242
  • Assessed Improvements Value: $121,296

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Frequently Asked Questions

What neighborhood is 324 East Balboa Bl located in?
The 324 East Balboa Bl is a located in the neighborhood of Central Newport Beach in Newport Beach, Newport Beach.
What is the average sales price for listings in 324 East Balboa Bl?
The average sales price for units in 324 East Balboa Bl is $0 currently.

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