613 E Balboa Boulevard A, Newport Beach, California 92661, Newport Beach, - bed, bath
ACTIVE$2,400,000
613 E Balboa Boulevard A, Newport Beach, California 92661
3Beds
3Baths
1,877Sqft
Lot
Year Built
1989
Close
-
List price
$2.4M
Original List price
$2.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
24384785
Home ConditionFair
Features
Good View: Harbor
ViewHarbor
About this home
Amazing Beach House that is 3 bedrooms, 3 bathrooms, 1877 sq ft which sits at the second level and was built in 1989. It is nestled between the ocean and the bay and is across the street from the fun zone, restaurants, the boardwalk and the pier. Great area to live, vacation to or use as a rental which it has a short term rental permit. It is in a common HOA but with no monthly or yearly dues. It also has a two car tandem garage.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 1,877 | 1,805 | 50% |
| Lot Size | 0 | 14,883 | |
| Price | $2.4M | $2.93M | 50% |
| Price per square foot | $1,279 | $1,642 | 25% |
| Built year | 1989 | 9930995 | 75% |
| HOA | |||
| Days on market | 558 | 346 | 75% |
Condition Rating
Fair
The property was built in 1989. The kitchen has granite countertops and stainless steel appliances, but the cabinets appear dated. The bathrooms also appear to have been updated with granite countertops but have older style cabinets and fixtures. Overall, the property appears to be maintained but could benefit from some modern updates.
Pros & Cons
Pros
Prime Location: Located between the ocean and the bay, offering easy access to both waterfronts.
Rental Potential: Possesses a short-term rental permit, making it an attractive investment property.
Proximity to Amenities: Across the street from the fun zone, restaurants, the boardwalk, and the pier, providing convenient access to entertainment and dining.
HOA Benefits: Part of a common HOA but with no monthly or yearly dues, reducing ongoing expenses.
Parking: Includes a two-car tandem garage, a valuable asset in a high-density beach area.
Cons
Price Reduction: The property has experienced a price reduction from its original list price, which may indicate market resistance or perceived overpricing.
Second Level Unit: Being on the second level might deter buyers seeking ground-floor accessibility.
Year Built: Built in 1989, the property may require updates to appeal to buyers seeking modern amenities and design.