See Home Value
$3,846,064*
House - Off Market

508 Westminster Avenue

Newport Beach, CA 92663
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
5152 Sqft
$3,329,000 - $4,067,000
Reference Base Price*
4.00%
Since Oct 1, 2022
National-US
Primary Model
Sold Nov 19, 2021
$2,880,000
$2,160,000 by Mufg Union Bank Na
Mortgage Due Dec 01, 2051
Sold Jul 18, 2013
$2,250,000
$1,575,000 by Bofi Federal Bank
Mortgage Due Aug 01, 2043

About This Property

Built in 2005, renovated May 2022, 2-story custom home in Newport Heights, Newport Beach. It features 5,152 SF of living area, 5 ensuite bedrooms (1 downstairs ensuite bedroom), library/office, media room and four fireplaces. High ceilings and open floor plan with beautifully blended interior living spaces. Outdoor areas (courtyard and upstairs balconies) are perfect for entertaining and daily living.

The manager has listed the unit size as 5152 square feet.
Unit Size
5,152Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$718
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2003

Price History

Date / Event Date Event Price
Sep 2, 2022 No longer available -
No longer available
Aug 5, 2022 Price Decreased $3,698,000
↓ $100K (2.6%)
Price Decreased
Jul 14, 2022 Price Decreased $3,798,000
↓ $700K (15.6%)
Price Decreased
Jun 26, 2022 Price Increased $4,498,000
↑ $499K (12.5%)
Price Increased
May 19, 2022 Listed $3,999,000
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 634
  • Parking Space Count: 2
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 6,375
  • Total Building Area: 5,152
  • Building Area: 5,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIRST ADD TO NEWPORT HEIGHTS
  • Land Acres: 0.146
  • Standard Land Use Code: Single family residential
  • Legal Description 1: A TR FIRST ADD TO NEWPORT HEIGHTS BLK 30 LOT 3

Ownership

  • Current Owner : TAN ANDREW
  • Current Owner 2: HUANG JENNY
  • Previous Owner : MARSHACK RICHARD A
  • Previous Owner 2: BANKRUPTCY ESTATE OF FARIBORZ
  • Owner Before Previous Owner: SPENUZZA RICHARD
  • Owner Before Previous Owner 2: SPENUZZA PATRICIA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063400

Geography

  • Subdivision Tract Number: 256
  • Parcel: 425-092-24
  • Block: 30
  • Lot: 3
  • Latitude: 33.6274
  • Longitude: -117.923

    Address

  • Full Address: 508 Westminster Ave
  • Address - House Number: 508
  • Address - Street Name: Westminster
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 4219
  • Zip Code: 92663

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,175
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.0506
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 99
  • Final Value: 3,873,577
  • High Value: 4,069,690
  • Low Value: 3,677,465

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,160,000
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Nov 19, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,160,000
  • 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, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,937,600
  • Assessed Land Value: $1,616,095
  • Assessed Improvements Value: $1,321,505

    Sales

  • Current Sale Contract Date: Oct 19, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Transaction ID: 11869446470
  • Current Sale Price: $2,880,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2021000709451
  • Previous Sale Recording Date: Jul 18, 2013
  • Previous Sale Contract Date: Jun 12, 2013
  • Previous Sale Amount: $2,250,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Nov 19, 2021
  • First Mortgage Loan Amount: $2,160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BOFI FEDERAL BANK
  • Previous Mortgage Transaction Date: Jul 18, 2013
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,575,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Aug 01, 2043



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4 Baths
2,550 ft²
$1,253/ft²
$3,195,000 Nov 22, 2022
-
-
House
3 Beds
2.5 Baths
2,612 ft²
$1,283/ft²
$3,350,000 Jan 27, 2023
-
-
House
3 Beds
1 Bath
1,000 ft²
$2,995/ft²
$2,995,000 Feb 15, 2023
-
-
Multifamily
Stu
-
2,724 ft²
$1,468/ft²
$4,000,000 Apr 5, 2022
-
-
Multifamily
Stu
-
2,467 ft²
$1,601/ft²
$3,950,000 Jan 19, 2023
-
-
Condo
3 Beds
3 Baths
2,000 ft²
$1,500/ft²
$2,999,999 Feb 14, 2023
-
$400/mo

About Newport Beach


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Frequently Asked Questions

When was property at 508 Westminster Avenue built and last sold?
The property at 508 Westminster Avenue was built in 2003 and last sold on Oct 19, 2021 for $2,880,000.
How much is this home worth?
The estimated value of the home located at 508 Westminster Avenue is $3,734,980.
What are some comparable homes to 508 Westminster Avenue?
There are currently no comparable homes to 508 Westminster Avenue.

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