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8 Fairway Point

8 Fairway Point, Newport Coast, CA 92657
Property in Pelican Hill
Sold Jan 15, 2020
$6,625,000
$3,312,500 by Wells Fargo Bank Na
Mortgage Due Feb 01, 2050
Sold Dec 29, 2015
$6,750,000
8 Fairway Point has been categorized by the local assessors in Newport Coast, CA as a residential type of property. The building on the property was first built in 1997 and is 27 years old. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. In addition, 8 Fairway Point has 4,682 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 20,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 667 sqft. According to our sources, there are a total of 3 available parking spaces. Love to swim? You'll be excited to find out that there is a both a pool and a spa on the property. The property was last sold in Nov 26, 2019 for $6,625,000. That's $1,414.99 per sqft. Prior to that sales transaction, the property was also sold in Nov 18, 2015 for $6,750,000. 8 Fairway Point was last assessed in 2023. The total value of the property was assessed at $6,964,057. Specifically, the land the property is located on was valued at $5,168,931. While improvements on the property were assessed at a total of $1,795,126. 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 $74,910. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 667
  • Parking Space Count: 3
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 20,000
  • Total Building Area: 4,682
  • Building Area: 4,682
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,682
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT 14249
  • Land Acres: 0.459
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 14249 BLK LOT 9

Ownership

  • Current Owner : ZHAO JOHN
  • Current Owner 2: ZHAO WEN XIAO
  • Previous Owner : LEADING SUCCESS LLC
  • Owner Before Previous Owner: KALRA T M
  • Owner Before Previous Owner 2: KALRA KAJAL
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062643

Geography

  • Subdivision Tract Number: 14249
  • Parcel: 473-071-09
  • Lot: 9
  • Latitude: 33.5977
  • Longitude: -117.853

    Address

  • Full Address: 8 Fairway Pt
  • Address - House Number: 8
  • Address - Street Name: Fairway
  • Address - Suffix Type: Pt
  • State: CA
  • City Name: Newport Coast
  • Carrier Code: C094
  • 4-Digit Zip Code: 1721
  • Zip Code: 92657

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $74,910
  • Tax Rate Code Area: 07-141

    Appraisal Valuation

  • Standard Deviation: 0.2218
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 69
  • Final Value: 5,242,546
  • High Value: 6,405,862
  • Low Value: 4,079,230

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,312,500
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jan 15, 2020
  • First Open Lien Mortgage Loan Amount: $3,312,500
  • 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: Feb 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,964,057
  • Assessed Land Value: $5,168,931
  • Assessed Improvements Value: $1,795,126

    Sales

  • Current Sale Contract Date: Nov 26, 2019
  • Current Sale Recording Date: Jan 15, 2020
  • Current Sale Transaction ID: 11719295692
  • Current Sale Price: $6,625,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020000018559
  • Previous Sale Recording Date: Dec 29, 2015
  • Previous Sale Contract Date: Nov 18, 2015
  • Previous Sale Amount: $6,750,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jan 15, 2020
  • First Mortgage Loan Amount: $3,312,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

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Frequently Asked Questions

What neighborhood is 8 Fairway Point located in?
The 8 Fairway Point is a located in the neighborhood of Pelican Hill in Newport Coast, Newport Coast.
What is the average sales price for listings in 8 Fairway Point?
The average sales price for units in 8 Fairway Point is $0 currently.

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