Sq.Ft. Lot7,370
Status:
Sold
Property Type:Land
MLS #:NP20189612
Date Sold:10/30/2020
Lot Size:7,370 Sq. Ft.
County:Orange
Possible harbor turning basin and ocean view from a new second story. Garage access off cul-de-sac in rear shared by 10 homes so not necessary to add a driveway to the front of the property. This property is on Irvine Company leased land. Purchase price for the land is $1,685,250 -- good until Oct. 1, 2020. Lease ends 9/30/2038. Yearly lease amount is $10,400. Property is reappraised every quarter. That would be a separate escrow with the Irvine company. Sellers are selling the assumption of the lease, improvements (the house/tear down) and the option to purchase the land for $1,445,000. The home and the land prices together total $3,130,250. Being sold as is with no repairs or warranties by seller.
All cash buyer is requested as the home may not be suitable for financing due to the condition.
All cash buyer is requested as the home may not be suitable for financing due to the condition.
Detailed Maps
Community Information
Address:302 Kings Rd Newport Beach, CA 92663
Area:N6 - Newport Heights
County:Orange
City:Newport Beach
Subdivision:Kings Road (Kgrd)
Zip Code:92663
Property Features
Lot Size:
0.17 Acres / 7,370 Sq. Ft.
Lot Features: Irregular Lot, TearDown
Sewer: SewerTapPaid
Water: Public
Zoning:R1
Directions:Cliff Dr. to Kings Rd.
Tax and Financial Info
Buyer Financing: Cash
Terms: Cash, CourtApproval
Land Lease: Yes
Disclosures: Item3rdPartyRights, CourtConfirmation
Listing Agent/Office
Listing agent / office Manny Stellino, Villa Real Estate.
Schools
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