tomo logo

$1,700,000

Beds
2
Baths
2.0
sq ft
1,200

5 Sorrento Ct, Newport Coast, CA 92657

5 Sorrento Ct

Newport Coast, CA 92657

  • 6 days on market
2 bed + office | Experience the epitome of luxury living in the exclusive and affluent community of Trovare in Newport Coast. 5 Sorrento ct. is a single level, end unit, without any condos in front and view. 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 steps of the front door. Huge emphasis on these being super close to 5 Sorrento as the area feels like your own massive backyard! The park and amenities are fully gated with exclusive access. Interior features an extensive renovation, beautiful view from all front facing windows, high ceilings, and high-end appliances. Experience two spacious bedrooms plus a den. This home features an oversized 2 car garage with dual access points. Laundry hook ups in garage. 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

$1,417

Year built

1994

Monthly HOA fee

$138

Price History

06/26/2024
CRMLS

CRMLS #LG24123136

Listed
$1,700,000
+1.19%
02/19/2024
CRMLS

CRMLS #LG24024167

Removed
$1,680,000
02/10/2024
CRMLS

CRMLS #LG24024167

Listed
$1,680,000
-1.18%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Golf, 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

$634,576
Asking price
$1,700,000
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$929,424
Cash to seller
$634,576

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

$929,424

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?

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Status: Active

Tomo last checked: 07/02/2024 at 4:35 PM

Listing updated: 06/30/2024 at 9:03 PM

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

MLS: CRMLS #LG24123136

CRMLS logo

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