tomo logo

$1,599,000

Beds
3
Baths
3.0
sq ft
1,662

2 Encore Ct Unit 248, Newport Beach, CA 92663

2 Encore Ct Unit 248

Newport Beach, CA 92663

  • 3 days on market
    • Open house Jan 05
Experience the pinnacle of coastal elegance in this exquisitely renovated 3-bedroom, 3-bathroom condo nestled within the coveted Newport Crest community. Every inch of this stunning residence has been thoughtfully updated, showcasing brand-new laminate flooring, fresh paint, chic modern lighting, and sophisticated cabinetry with sleek countertops throughout. Step into the open-concept living space, where sunlight dances across the inviting interiors, seamlessly connecting the stylish kitchen, dining area, and spacious living room. The primary suite is your private retreat, boasting a luxurious walk-in closet and an exclusive balcony – the perfect spot to sip your morning coffee or unwind under the stars. Additional balconies provide versatile outdoor spaces, ideal for entertaining or soaking in the coastal breeze. Situated just moments from the pristine shores of Newport Beach, vibrant shopping, gourmet dining, and top-tier schools, this home is the epitome of style, comfort, and convenience. Whether you're hosting a lively gathering or savoring quiet moments, this Newport Beach gem promises a lifestyle of unparalleled beauty and sophistication.

Details

Property type

Condominium

Est. home value

$1,184,920

Lot size

Unknown

Price per sq ft

$963

Year built

1973

Monthly HOA fee

$600

Price History

01/02/2025
CRMLS

CRMLS #OC24252465

Listed
$1,599,000
+35.51%
07/21/2023
CRMLS

CRMLS #NP23088024

Sold
$1,180,000
+74.81%
02/11/2016
CRMLS

CRMLS #OC16012375

Sold
$675,000

Schools & Community

Elementary school: 

Newport Heights

Middle school: 

Horace Ensign

High school: 

Newport Harbor

Community features: 

Curbs

High school district: 

Newport Mesa Unified

Number of units in community: 

460

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

$601,592
Asking price
$1,599,000
Closing costs (~8% of asking)
-$127,920
Est. remaining loan balance
-$869,488
Cash to seller
$601,592

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2023

Original loan amount

$885,000

Est. remaining balance

$869,488

Interest rate

6.35%

Loan type

New Conventional, 30 year

Seller

Behroz Niazi and Sonia Niazi

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?

Status: Active

Tomo last checked: 01/05/2025 at 12:40 AM

Listing updated: 01/04/2025 at 4:49 PM

Listed by: Katrina Smith, Pinpoint Properties Phone #: (949) 209-9004

MLS: CRMLS #OC24252465

CRMLS logo

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