tomo logo

$1,459,000

Beds
2
Baths
2.0
sq ft
1,326

2 Teramo Ct, Newport Coast, CA 92657

2 Teramo Ct

Newport Coast, CA 92657

  • Pending
    • Price drop $66,000↓
    • Open house Jul 06
Pending sale but open to backup offers.. Perhaps the finest opportunity available in Newport Coast’s coveted enclave of Trovare, this well-appointed home is sure to impress. Enjoy the premier location within the community as it is a corner unit and is just a short walk to the incredible HOA amenities. A major value is the direct access to two car garage which is outfitted with new storage cabinets and overhead storage rack. Inside you'll find two generously sized bedrooms, two bathrooms, and sprawling living spaces bedecked with tasteful finishes. Soaring vaulted ceilings lend a sense of volume and grandeur that is truly unmatched at this price point. The primary suite is sure to impress with a walk-in closet, additional closet, and en-suite bathroom. The floor plan is highly efficient and the open concept living area makes entertaining a true joy. The beautifully appointed kitchen features a white subway tile backsplash and updated quartz countertops island and large dining area. You will love the spacious deck which brings the best of California living and the ability to host while dining al fresco. Enjoy a resort lifestyle with the nearby community pool and spa, as well as Newport Coast Master HOA tennis and pickleball courts, basketball courts, tot park, and Jr Olympic-sized salt-water pool with staffed clubhouse. 2 Teramo Court is in close proximity to world-class shopping and dining at Crystal Cove, Pelican Hill Resort, Fashion Island, and Corona del Mar. Whether you’re seeking your first home, your forever home, a second home or an investment opportunity offering all the benefits of Newport Coast, this property has it all.

Details

Property type

Condominium

Est. home value

$1,300,029

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$1,101

Year built

1995

Monthly HOA fee

$648

Price History

07/03/2024
CRMLS

CRMLS #OC24078152

Pending
$1,459,000
05/29/2024
CRMLS

CRMLS #OC24078152

Price change
$1,459,000
-4.33%
04/24/2024
CRMLS

CRMLS #OC24078152

Listed
$1,525,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park, Street Lights, Sidewalks

High school district: 

Newport Mesa Unified

Number of units in community: 

168

Seller’s Loan History

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

Lender

Orange Countys Cu

Loan start date

August 2022

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

4.5%

Loan type

Credit Line (Revolving), 25 year

Seller

Lorna Lea and The Lorna Lea Living Trust

Lender

Home Point Financial Corporation

Loan start date

August 2021

Original loan amount

$770,000

Est. remaining balance

$722,652

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Lorna Lea and The Lorna Lea Living Trust

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?

Similar Homes Nearby

New
CRMLS
$1,395,000
2 bd
|
2 ba
|
1,496 sq ft
|
Condo

32 Canyon Island Dr, Newport Beach, CA 92660

Price drop
CRMLS
$1,449,000
2 bd
|
2 ba
|
1,326 sq ft
|
Condo

2 Savona Ct, Newport Coast, CA 92657

CRMLS
$1,368,000
2 bd
|
2 ba
|
1,650 sq ft
|
Condo

6 Highland Vw, Irvine, CA 92603

Status: Pending/Under Contract

Tomo last checked: 07/04/2024 at 7:50 PM

Listing updated: 07/03/2024 at 3:43 PM

Listed by: Jeremy Schultheiss, Coldwell Banker Realty Phone #: (949) 661-9355

MLS: CRMLS #OC24078152

CRMLS logo

Recently listed in Newport Coast

$2,250,000|3 bd|2.5 ba|House
$11,495,000|6 bd|4.5 ba|House
$11,995,000|4 bd|4.5 ba|House
$2,999,000|3 bd|2.5 ba|Condo
$2,299,000|3 bd|2.0 ba|Condo
$4,395,000|4 bd|3.5 ba|House
$6,650,000|4 bd|3.5 ba|House
$1,700,000|2 bd|2.0 ba|Condo
$2,385,000|3 bd|3.5 ba|Condo