302 Kings Rd

Newport Beach, CA 92663 View Map $1,445,000 Ask a Question
Sq.Ft. Lot7,370
302 Kings Rd Newport Beach, CA 92663 | MLS NP20189612 Photo 1
302 Kings Rd Newport Beach, CA 92663 | MLS NP20189612 Map
Manny Stellino

Manny Stellino

(949) 874-1580
DRE No.: 00912924

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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.

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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Based on information from California Regional Multiple Listing Service, Inc. as of July 2, 2022. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.