tomo logo

$3,650,000

Beds
3
Baths
3.5
sq ft
1,827

608 Orchid Ave, Corona Del Mar, CA 92625

608 Orchid Ave

Corona Del Mar, CA 92625

  • 56 days on market
Discover coastal elegance at 608 Orchid Avenue in Corona del Mar's prestigious flower streets. A stunning entrance, with its unique water and fire feature, creates an instant sense of calm and luxury—setting the tone for this exceptional home. Dramatic walls of glass seamlessly connect interior spaces to the outdoors, while the clean, contemporary design perfectly balances modern aesthetics with comfortable living spaces—flooding the residence with natural light and emphasizing open spaces, natural materials, and the coastal breezes that make Corona del Mar so special. Thoughtfully designed outdoor areas, including multiple terraces and lounging spaces, provide diverse settings for both intimate gatherings and grand entertaining. The roof deck crowns the home, offering breathtaking views stretching from Newport Coast to Catalina Island. Just steps from the Pacific Ocean and nestled in one of Orange County's most coveted neighborhoods, this property represents the finest in coastal luxury living, where sophisticated design meets Southern California's perfect weather.

Details

Property type

Condominium

Est. home value

$3,176,719

Lot size

3,543 sq ft

Price per sq ft

$1,998

Year built

2019

HOA

No

Price History

10/30/2024
CRMLS

CRMLS #NP24223514

Listed
$3,650,000
+33.21%
09/14/2021
CRMLS

CRMLS #OC21043848

Sold
$2,740,000
+8.51%
06/14/2019
CRMLS

CRMLS #NP18056278

Sold
$2,525,000
+47.23%

Schools & Community

Neighborhood: 

Corona del Mar

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

High school district: 

Newport Mesa Unified

Number of units in community: 

2

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

$2,594,443
Asking price
$3,650,000
Closing costs (~8% of asking)
-$292,000
Est. remaining loan balance
-$763,557
Cash to seller
$2,594,443

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

Seller’s Loan History

Lender

Golden Empire Mortgage Inc

Loan start date

August 2021

Original loan amount

$822,375

Est. remaining balance

$763,557

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Gregory A Elgort and Gregory Elgort Revocable 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: 12/24/2024 at 6:00 PM

Listing updated: 12/18/2024 at 9:55 PM

Listed by: Michael Shank, Compass Phone #: (949) 438-4340

MLS: CRMLS #NP24223514

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