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494 Seaward Road

494 Seaward Road, Corona Del Mar, CA 92625
Property in Corolido
Sold Mar 19, 2021
$2,695,000
$3,900,000 by Hammerfest Llc
Mortgage
Local assessors in Corona Del Mar, CA have categorized 494 Seaward Road as a residential type of property. The home was built in 1960 and is 64 years old. The property's lot size has been calculated to be 6,178 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. If we look only at the heated or air conditioned part of the building, then 494 Seaward Road has a total of 2,802 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jan 14, 2021 for $2,695,000. That's $961.81 per sqft. 494 Seaward Road was last assessed in 2023. The total value of the property was assessed at $2,799,612. Specifically, the land the property is located on was valued at $2,694,026. While improvements on the property were assessed at a total of $105,586. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $29,380. The initial tax year of delinquency was in 2022. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,178
  • Total Building Area: 2,802
  • Gross Building Area: 2,802
  • Building Area: 2,802
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,802
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 2758
  • Land Acres: 0.142
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: N TR 2758 BLK LOT 14

Ownership

  • Current Owner : CORY CHARLES F
  • Previous Owner : FOX MARILYN J
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062702

Geography

  • Assessors Map Reference: 33-C2
  • Subdivision Tract Number: 2758
  • Parcel: 459-164-11
  • Lot: 14
  • Latitude: 33.5921
  • Longitude: -117.862

    Address

  • Full Address: 494 Seaward Rd
  • Address - House Number: 494
  • Address - Street Name: Seaward
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Corona Del Mar
  • Zip Code: 92625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $29,380
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.3721
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 25
  • Final Value: 2,178,319
  • High Value: 2,989,021
  • Low Value: 1,367,616

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,900,000
  • First Open Lien Mortgage Lender: HAMMERFEST LLC
  • First Open Lien Mortgage Recording Date: Nov 30, 2022
  • First Open Lien Mortgage Loan Amount: $3,900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,799,612
  • Assessed Land Value: $2,694,026
  • Assessed Improvements Value: $105,586

    Sales

  • Current Sale Contract Date: Jan 14, 2021
  • Current Sale Recording Date: Mar 19, 2021
  • Current Sale Transaction ID: 11826191705
  • Current Sale Price: $2,695,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021000192688

    Last Sale Mortgage

  • First Mortgage Lender: CENTER STREET LENDING VIII SPE
  • First Mortgage Transaction Date: Mar 19, 2021
  • First Mortgage Loan Amount: $46,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 494 Seaward Road located in?
The 494 Seaward Road is a located in the neighborhood of Corolido in Corona del Mar, Corona Del Mar.
What is the average sales price for listings in 494 Seaward Road?
The average sales price for units in 494 Seaward Road is $0 currently.

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