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$1,488,800

Beds
2
Baths
2.0
sq ft
1,100

5 Sorrento Ct, Newport Coast, CA 92657

5 Sorrento Ct

Newport Coast, CA 92657

  • 23 days on market
    • Price drop $99,200↓
    • Open house Apr 06
Single Level. Panoramic view. Gated Community. Premium Location. The only floorplan of its kind with city permitted addition (2 bed plus den which could be a 3rd bedroom). This is arguably the best location within the fully gated Trovare development with highest elevation. Even better than your own backyard you will enjoy a full park, party area, basketball courts, tennis court, and 2 full size pools within walking distance. The park and amenities are fully gated with exclusive resident access. Interior features an extensive renovation with city permits and required updates like water conserving devices, fire sprinklers, etc. to meet current regulations. High ceilings, and high-end appliances. This home features an oversized 2 car garage with dual access points. Laundry room in garage (you get the laundry room without paying extra for sq ft. Patio off master bedroom. Enjoy world-class amenities including exclusive access to amenities while being a short drive to Pelican Hill, Crystal Cove, upscale shopping and dining options. In addition to the pool and other amenities at Trovare the residents of Trovare also get to enjoy a clubhouse, Olympic size pool, jacuzzi, and rentable spaces at the Newport Coast main association located right up the hill. This is your opportunity to own a home with incredible view in coveted Newport Coast.

Details

Property type

Condominium

Est. home value

$1,419,349

Property condition

Updated/Remodeled

Lot size

1,200 sq ft

Price per sq ft

$1,354

Year built

1994

Monthly HOA fee

$138

Price History

04/03/2025
CRMLS

CRMLS #LG25057097

Price change
$1,488,800
-6.25%
04/01/2025
CRMLS

CRMLS #LG25057097

Removed
$1,588,000
03/27/2025
CRMLS

CRMLS #LG25057097

Price change
$1,588,000
-0.05%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Golf, Lake, Street Lights, Park

High school district: 

Newport Mesa Unified

Number of units in community: 

168

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

$457,254
Asking price
$1,488,800
Closing costs (~8% of asking)
-$119,104
Est. remaining loan balance
-$912,442
Cash to seller
$457,254

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

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

July 2021

Original loan amount

$992,000

Est. remaining balance

$912,442

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Sandra F Reissman and X77 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?

Status: Active

Tomo last checked: 04/05/2025 at 8:05 PM

Listing updated: 04/05/2025 at 7:30 PM

Listed by: Brittany Leighton, X Real Estate Phone #: (949) 480-7178

MLS: CRMLS #LG25057097

CRMLS logo

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