302 Kings Road, Newport Beach, CA | OC Coastal Premier Realty, Inc
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302 Kings Road, Newport Beach, CA

Property Detail

Location
Status
  • Sold
 Price $ 1,445,000 HOA N/A Area 2,624 sqft Bedrooms 3 Bathrooms 3 Lot Area 7,370 sqft Year Built 1950 Garage Size 2 Address
302 Kings Road
Newport Beach, CA 92663-

Property Description

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.

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Property Features

  • Fireplace None
  • Central Heat
  • Central Heat
  • Sewer Paid Sewer
  • See Remarks View
  • Public Water

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Listing provided by: Manny Stellino CalDRE: 00912924, Villa Real Estate
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