tomo logo

$2,350,000

Beds
3
Baths
2.5
sq ft
1,647

12 Land Fall Ct, Newport Beach, CA 92663

12 Land Fall Ct

Newport Beach, CA 92663

  • 77 days on market
    • Price drop $135,000↓
Welcome to your dream home in Newport Beach! This extensively remodeled condo is a true gem nestled in the heart of this coastal paradise. Boasting an elevated position atop the bluff, it offers breathtaking panoramic views of the ocean and Catalina Island, providing an enchanting backdrop for your everyday life. Designed with the most discerning buyer in mind, this home showcases meticulous attention to detail and a commitment to excellence throughout. No expense has been spared in creating a truly luxurious living space. The designer finishes are simply exquisite, with each element thoughtfully chosen to elevate the ambiance and style of the home. Prepare to be captivated by the sheer beauty of this residence. Crystal quartz countertops throughout the home exude elegance and sophistication. The ‘hue’ lighting system allows you to effortlessly set the perfect mood for any occasion; the wide-plank hardwood flooring adds warmth and character to the space, and the additional closet and storage space provides you with ample room to store your personal belongings. Extensive custom woodwork creates a sense of craftsmanship and artistry throughout the home, while tongue and groove ceilings, shiplap, beadboard and wainscoting add a touch of coastal charm. Admire the hand-painted wood tiles and the exquisite laser-etched cabinetry which showcase the level of detail that has gone into every aspect of this property. Not only is this home a work of art, but it also offers a prime location. Enjoy the convenience of being just moments away from the vibrant dining and shopping scene at Fashion Island, where world-class cuisine and high-end boutiques await. The Newport Harbor beckons with its picturesque marinas and water activities, perfect for those who enjoy a nautical lifestyle. When it's time to relax, you'll be spoiled with some of Orange County's finest beaches at your doorstep where you can bask in the sun, take a dip in the ocean, or simply savor the tranquility of the coastal breeze. And for those who appreciate the arts, the world-renowned Segerstrom Center for the Arts is within easy reach, offering a plethora of cultural experiences. This chic beach cottage is more than just a home; it's a lifestyle. Immerse yourself in the coastal beauty, indulge in the finest amenities, and embrace the essence of Newport Beach living. Don't miss this opportunity to make this exceptional property your own.

Details

Property type

Condominium

Est. home value

$2,386,968

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$1,427

Year built

1973

Monthly HOA fee

$450

Price History

05/21/2024
CRMLS

CRMLS #OC24074900

Price change
$2,350,000
-5.43%
04/15/2024
CRMLS

CRMLS #OC24074900

Listed
$2,485,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Street Lights, Sidewalks, Park

High school district: 

Newport Mesa Unified

Number of units in community: 

180

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,392,966
Asking price
$2,350,000
Closing costs (~8% of asking)
-$188,000
Est. remaining loan balance
-$769,034
Cash to seller
$1,392,966

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Franklin Loan Center

Loan start date

June 2021

Original loan amount

$822,375

Est. remaining balance

$769,034

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Michael J Lessel and Laurel J Jaffee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 06/30/2024 at 7:35 PM

Listing updated: 06/23/2024 at 3:59 PM

Listed by: Helena Noonan, Compass Phone #: (949) 546-6260

MLS: CRMLS #OC24074900

CRMLS logo

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