302 Kings Road

Newport Beach, CA 92663

List Price

$2,495,000

Status

ACTIVE

MLS#

NP19123957

Year Built

1950

Bedrooms

3

Bathrooms

3

Living Sq. Ft

2,624

Lot Size

7,370

Acres

0.1692

Lot Location

Gentle Sloping

Days on Market

88

Property Type

Single Family Residential

Property Sub Type

Single Family Residence

Stories

One Level

Neighborhood

Kings Road (Kgrd)

Property Description

Probable 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. It is on Irvine company leased land. Lease ends 9/3/2038. Yearly lease is $10,400. Purchase price for land is $1,638,000/ good until July 1, 2019. Property is reappraised every quarter. That would be a separate escrow with the Irvine company. Sellers are selling the assumption of the lease, improvements and the option to purchase the land for $2,495,000. Being sold as is with no repairs or warranties by seller.

Additional Information

Tract Number

1219

Land Lease

Yes

Lot Description

Suburban

Pool Description

None

Fireplace Description

Living Room

Heat

Central

Cooling Description

None

View

City Lights, Peek-A-Boo, Water

Garage Spaces Total

2

Sewer

Public Sewer

Water

Public

School District

Newport Mesa Unified

Attached Structure

Detached

Total Number of Units

1

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Calculator source: Real Geeks

Listing courtesy of Manny Stellino from Villa Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.