2834 Catalpa Street

    Newport Beach, CA 92660
    • $1,349,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: OC19197236
    UPDATED: 66 min ago
    $1,349,000
    • 4
      BEDS
    • 0.24
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,499
      SQFT
    • $540
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1964
    County:

    School Ratings & Info

    School District:

    Description

    Tremendous opportunity for a discounted home in the heart of popular Eastbluff in Newport Beach. 2384 Catalpa is on Irvine Company leased land at $394 per month until 2038 or you may payoff lease for $775,000, as of today . . . however, the price may go down. The lease is appraised quarterly so the payoff varies and can go up or down, depending on the overall real estate market. Golden opportunity to see what happens in the next 19 years and possibly pay off the lease at the bottom of the market. Example - current appraisal $1,550,000 with 50% credit for elase - if appraisal comes in at $1,200,000 then lease amount is $600,000. You choose when you wish to pay off the lease. Enjoy cool ocean breezes and easy access to famous Newport Beach back bay hiking, biking, and horse riding trails. Just a few steps to award winning Corona del Mar high school. Magnificent floor plan with tremendous potential boasting a bedroom and full bath downstairs plus an office or second bedroom, 3 bedrooms and 2 baths upstairs in almost 2,500 square feet on an over 10,000 square feet lot.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T21:36:14.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Faye Bashar & Associates | Keller Williams Carmel Valley Del Mar. Licensed in the State of California, USA.
    www.carmelvalleyhomes4sale.com/homes/98164732

    2834 Catalpa Street Newport Beach, CA 92660

    • Price: $1,349,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: OC19197236
    4
    Beds
    3
    Baths
    0
    ½ Baths
    0.24
    Acres
    2,499
    SQFT
    $540
    $/SQFT
    1964
    Built
    Neighborhood:
    Eastbluff - Lusk (Eblk)
    County:
    Orange
    Area:
    NV - East Bluff - Harbor View
    School District:
    Newport Mesa Unified
    Property Description
    Tremendous opportunity for a discounted home in the heart of popular Eastbluff in Newport Beach. 2384 Catalpa is on Irvine Company leased land at $394 per month until 2038 or you may payoff lease for $775,000, as of today . . . however, the price may go down. The lease is appraised quarterly so the payoff varies and can go up or down, depending on the overall real estate market. Golden opportunity to see what happens in the next 19 years and possibly pay off the lease at the bottom of the market. Example - current appraisal $1,550,000 with 50% credit for elase - if appraisal comes in at $1,200,000 then lease amount is $600,000. You choose when you wish to pay off the lease. Enjoy cool ocean breezes and easy access to famous Newport Beach back bay hiking, biking, and horse riding trails. Just a few steps to award winning Corona del Mar high school. Magnificent floor plan with tremendous potential boasting a bedroom and full bath downstairs plus an office or second bedroom, 3 bedrooms and 2 baths upstairs in almost 2,500 square feet on an over 10,000 square feet lot.
    Exterior Features

    Attached Garage YN Yes Garage Spaces 2.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No View Trees/Woods View YN Yes

    Interior Features

    Bathrooms Full 3 Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Family Room Fireplace YN Yes Heating Central Heating YN Yes Laundry Features In Garage Levels Two Main Level Bathrooms 1 Main Level Bedrooms 1 Room Type Family RoomGame RoomKitchenLiving RoomMain Floor Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features BikingCurbsFoothillsHikingHorse TrailsParkWatersportsPreserve/Public LandSidewalksStorm DrainsStreet LightsSuburban Country Us Elevation Units Feet Land Lease Amount 394.00 Land Lease Amount Frequency Monthly Land Lease YN Yes Laundry YN Yes Lease Considered YN No Living Area Units Square Feet New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastbluff - Lusk (Eblk) Water Source Public Year Built Source Estimated

    Listing provided courtesy of Mike Dunn of Coldwell Banker Platinum Prop


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T21:36:14.437. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Faye Bashar & Associates | Keller Williams Carmel Valley Del Mar. Licensed in the State of California, USA.
     
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