5 Oakmont Lane

Local assessors in Newport Beach, CA have categorized 5 Oakmont Lane as a residential type of property. The home was built in 2002 and is 22 years old. The property's lot size has been calculated to be 14,508 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 5 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 5 full bathrooms. There are also 6 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5 Oakmont Lane has a total of 6,261 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 758 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. In addition, there is a both a pool and a spa on the property. Perfect for those who want to host pool parties over the summer. 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 22, 2016 for $5,615,000. That's $896.82 per sqft. Prior to that sales transaction, the property was also sold in Sep 15, 2003 for $3,100,000. 5 Oakmont Lane was last assessed in 2023. The total value of the property was assessed at $6,388,909. Specifically, the land the property is located on was valued at $4,324,181. While improvements on the property were assessed at a total of $2,064,728. 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 $67,355. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.