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60 Cormorant Circle

60 Cormorant Circle, Newport Beach, CA 92660
Property in Bayview Terrace
Sold Jan 08, 2004
$835,000
$970,800 by Optimum First Inc
Mortgage Due Apr 01, 2052
Sold Jul 07, 1998
$495,000
$168,000 by Ditech Funding Corp
Mortgage Due Aug 01, 2013
60 Cormorant Circle in Newport Beach, CA was first built in 1986 and is 38 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 60 Cormorant Circle has 1,739 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. In total, the area measurement of the land is 3,500 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. For those who need parking, there is a garage. The garage is 421 sqft. There are a total of 2 available parking spaces. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 60 Cormorant Circle sold most recently in Dec 11, 2003 for a total of $835,000. If you work out the math, that's approximately a cost of $480.16 per sqft. Before that, the property was also sold for $495,000 in Jun 29, 1998. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,223 in taxes each year. 60 Cormorant Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,139,721. If we break it down further, the land itself was valued at $864,640. Improvements to the property, however, were assessed at a total of $275,081. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 421
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,500
  • Total Building Area: 1,739
  • Building Area: 1,739
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,739
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 12212
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 12212 BLK LOT 11

Ownership

  • Current Owner : LU DARREN D
  • Previous Owner : KNIGHT LEE B
  • Previous Owner 2: KNIGHT SUSAN J
  • Owner Before Previous Owner: MILLER JOHN S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063009

Geography

  • Assessors Map Reference: 32-B1
  • Subdivision Tract Number: 12212
  • Parcel: 442-401-34
  • Lot: 11
  • Latitude: 33.6522
  • Longitude: -117.872

    Address

  • Full Address: 60 Cormorant Cir
  • Address - House Number: 60
  • Address - Street Name: Cormorant
  • Address - Suffix Type: Cir
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C059
  • 4-Digit Zip Code: 2929
  • Zip Code: 92660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,223
  • Tax Rate Code Area: 07-029

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 73
  • Final Value: 1,937,014
  • High Value: 2,321,999
  • Low Value: 1,552,029

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $970,800
  • First Open Lien Mortgage Lender: OPTIMUM FIRST INC
  • First Open Lien Mortgage Recording Date: Mar 28, 2022
  • First Open Lien Mortgage Loan Amount: $970,800
  • 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: Apr 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,139,721
  • Assessed Land Value: $864,640
  • Assessed Improvements Value: $275,081

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 11, 2003
  • Current Sale Recording Date: Jan 08, 2004
  • Current Sale Transaction ID: 1170659184
  • Current Sale Price: $835,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2004000015235
  • Previous Sale Recording Date: Jul 07, 1998
  • Previous Sale Contract Date: Jun 29, 1998
  • Previous Sale Amount: $495,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Jan 08, 2004
  • First Mortgage Loan Amount: $626,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Negative Amortization
  • First Mortgage Loan Due Date: Feb 01, 2034

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: DITECH FUNDING CORP
  • Previous Mortgage Transaction Date: Jul 07, 1998
  • Previous Mortgage Loan Amount: $168,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Aug 01, 2013

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Frequently Asked Questions

What neighborhood is 60 Cormorant Circle located in?
The 60 Cormorant Circle is a located in the neighborhood of Bayview Terrace in Newport Beach, Newport Beach.
What is the average sales price for listings in 60 Cormorant Circle?
The average sales price for units in 60 Cormorant Circle is $0 currently.

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