$1,349,000 - 2834 Catalpa Street, Newport Beach

  • 4Beds
  • 3Baths
  • 2,499SQ. Feet
  • 0.24Acres

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. 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 lease - if appraisal comes in at $1,200,000 then lease amount goes down to $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.

Sales Agent

Sam Smith TeamLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:OC19197236
  • Price:$1,349,000
  • Bedrooms:4
  • Bathrooms:3.00
  • Full Baths:3
  • Square Footage:2,499
  • Acres:0.24
  • Year Built:1964
  • Type:Residential
  • Sub-Type:Single Family
  • Status:Active

Community Information

  • Address:2834 Catalpa Street
  • Area:East Bluff - Harbor View (NV)
  • Subdivision:Eastbluff - Lusk (EBLK)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92660

Amenities

  • Parking Spaces:2
  • # of Garages:2
  • View:Trees/Woods View
  • Pool:None

Interior

  • Heating:Central Furnace
  • Cooling:Wall or Window Units
  • Fireplace:Yes
  • Fireplaces:Family Room
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Lot 10000-19999 Sqft

School Information

  • District:Newport Mesa Unified

Additional Information

  • Date Listed:August 21st, 2019
  • Days on Market:88
  • HOA Fees:0.00

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Provided By: Mike Dunn(01235272), Coldwell Banker Platinum Prop.

Based on information from California Regional Multiple Listing Service, Inc. as of November 17th, 2019 at 10:25am PST. 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.