See Home Value
$4,537,876*
House - Off Market

706 Park Avenue

Newport Beach, CA 92662
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2388 Sqft
$2,691,000 - $3,289,000
Reference Base Price*
51.77%
Since Dec 1, 2018
National-US
Primary Model
Sold Aug 08, 2019
$2,900,000
Sold Jun 12, 2015
$1,620,000

About This Property

Proudly presenting this wonderful custom home for Summer 2018!  This 4 bedroom, 4 bathroom home has two-car garage with a driveway for extra two car parking spaces, which is rare to find on the Balboa Island! Open concept kitchen has a huge island with LED light strips, all new Thermador refrigerator/range/dishwasher, two-tone cabinets and two-tone countertops. Spacious dining area and living area are all in one space. Master Bedroom and Master Bathroom have a balcony, walk-in closet with barn door, dual sinks, and freestanding tub with wet bath concept. Laundry room comes with a skylight that provides extra lights. Rooftop features built-in BBQ, built-in wine cooler, fireplace, and covered rooftop with beautiful views of Balboa Island! Huge covered rooftop serves as an extra entertaining space that is not included in the living square footages. Postless glass walls throughout the deck. Dual zone heating and AC. Tankless water heater. Enjoy the spectacular views and BBQ on the covered rooftop! Close proximity to the Village, shops, dining, and bay with all Balboa Island has to offer! Be the first to live in this newly built custom home!

The manager has listed the unit size as 2388 square feet.
Unit Size
2,388Ft²
Days on Market
-
Land Size
2,614.00 acres
Price per sqft
$1,252
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

Price History

Date / Event Date Event Price
Aug 8, 2019 Sold to Mary G Bayer, Robert C Bayer $2,900,000
Sold to Mary G Bayer, Robert C Bayer
Nov 10, 2018 No longer available -
No longer available
Aug 23, 2018 No longer available -
No longer available
Aug 22, 2018 Price Decreased $2,990,000
↓ $300K (9.1%)
Price Decreased
Jul 17, 2018 Price Increased $3,290,000
↑ $300K (10%)
Price Increased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Style: Duplex
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 2,550
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 420
  • Total Building Area: 2,523
  • Gross Building Area: 2,523
  • Building Area: 2,523
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,523
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BALBOA ISLAND
  • Land Acres: 0.059
  • Standard Land Use Code: Single family residential
  • Legal Description 1: A TR BALBOA ISLAND SEC 2 BLK 10 LOT 17 BALBOA ISLAND SEC 2 LOT 17 BLK 10 E1/2(AND E1/2

Ownership

  • Current Owner : BAYER ROBERT C
  • Current Owner 2: BAYER MARY G
  • Previous Owner : OPEN HOUSE REALTY & INVESTMENTS INC
  • Owner Before Previous Owner: PETERSON SALLY J
  • Owner Before Previous Owner 2: PETERSON SALLY R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063006

Geography

  • Assessors Map Reference: 31-F6
  • Subdivision Tract Number: 100
  • Parcel: 050-092-14
  • Block: 10
  • Lot: 17
  • Latitude: 33.6059
  • Longitude: -117.895

    Address

  • Full Address: 706 Park Ave
  • Address - House Number: 706
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C004
  • 4-Digit Zip Code: 1120
  • Zip Code: 92662

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $32,406
  • Tax Rate Code Area: 07-067

    Appraisal Valuation

  • Standard Deviation: 0.1967
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 4,852,115
  • High Value: 5,806,844
  • Low Value: 3,897,387

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,048,416
  • Assessed Land Value: $2,124,980
  • Assessed Improvements Value: $923,436

    Sales

  • Current Sale Contract Date: Jun 25, 2019
  • Current Sale Recording Date: Aug 08, 2019
  • Current Sale Transaction ID: 11634450787
  • Current Sale Price: $2,900,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019000291535
  • Previous Sale Recording Date: Jun 12, 2015
  • Previous Sale Contract Date: Jun 08, 2015
  • Previous Sale Amount: $1,620,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Aug 08, 2019
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
4 Baths
2,060 ft²
$1,592/ft²
$3,280,000 Feb 28, 2024
-
-
House
5 Beds
3 Baths
2,651 ft²
$1,245/ft²
$3,300,000 Feb 8, 2024
-
-

About Newport Beach


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  • 2,060 ft²
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Frequently Asked Questions

When was property at 706 Park Avenue built and last sold?
The property at 706 Park Avenue was built in 2016 and last sold on Jun 25, 2019 for $2,900,000.
How much is this home worth?
The estimated value of the home located at 706 Park Avenue is $3,066,114.
What are some comparable homes to 706 Park Avenue?
There are currently no comparable homes to 706 Park Avenue.

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