tomo logo

$1,249,000

Beds
2
Baths
1.0
sq ft
1,136

220 Nice Ln Unit 313, Newport Beach, CA 92663

220 Nice Ln Unit 313

Newport Beach, CA 92663

  • 10 days on market
    • Open house Jun 29
Enjoy panoramic ocean views from nearly every room of this executive penthouse. Light and bright throughout, this home has been extensively remodeled and meticulously cared for. The grand living room is accented with soaring ceilings and a wall of windows that showcase spectacular views. The large primary bedroom suite, also with complete ocean views, has volumes of closet space and flows seamlessly into the renovated bathroom. The large 2nd bedroom is filled with custom cabinets and is currently used as an office. However, a well-designed murphy bed transforms the modern office into a cozy bedroom in seconds. Dual-pane windows, sound-insulated flooring, new washer and dryer, and freshly painted interior make this home a quiet, clean and efficient living space. Come see all that this special home has to offer.

Details

Property type

Condominium

Est. home value

$1,091,556

Lot size

1,136 sq ft

Price per sq ft

$1,100

Year built

1979

Monthly HOA fee

$630

Price History

06/18/2024
CRMLS

CRMLS #OC24124112

Listed
$1,249,000
+39.55%
05/06/2021
CRMLS

CRMLS #NP20215129

Sold
$895,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Horace Ensign

High school: 

Newport Harbor

Community features: 

Pool, Gated, Sidewalks

High school district: 

Newport Mesa Unified

Number of units in community: 

449

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

$524,136
Asking price
$1,249,000
Closing costs (~8% of asking)
-$99,920
Est. remaining loan balance
-$624,944
Cash to seller
$524,136

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

April 2021

Original loan amount

$671,000

Est. remaining balance

$624,944

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Jeffrey S Prather and The Jeffrey S Prather 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?

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Status: Active

Tomo last checked: 06/28/2024 at 4:30 PM

Listing updated: 06/25/2024 at 5:33 AM

Listed by: Brett Beard, Pacific Sotheby's Int'l Realty Phone #: (949) 554-1200

MLS: CRMLS #OC24124112

CRMLS logo

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