Another Newport Coast home being discounted 30% from the peak. This property tripled in price from 1997 to 2005. It still has a long way to fall, particularly as the banks start clearing out their shadow inventory.
——————————————————————–
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..
We're sorry, but it seems that we're having some problems loading MLS # U11002191 from our database. Please check back soon.
—— —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- –
—— —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- –
Proprietary OC Housing News home purchase analysis 
41 BRIDGEPORT Rd Newport Coast, CA 92657
$1,599,900 …….. Asking Price
$2,200,000 ………. Purchase Price
10/1/2005 ………. Purchase Date
($600,100) ………. Gross Gain (Loss)
($176,000) ………… Commissions and Costs at 8%
‘============================================
($776,100) ………. Net Gain (Loss)
‘============================================
-27.3% ………. Gross Percent Change
-35.3% ………. Net Percent Change
-5.1% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$1,599,900 …….. Asking Price
$319,980 ………… 20% Down Conventional
3.95% …………. Mortgage Interest Rate
30 ……………… Number of Years
$1,279,920 …….. Mortgage
$320,745 ………. Income Requirement
$6,074 ………… Monthly Mortgage Payment
$1,387 ………… Property Tax at 1.04%
$67 ………… Mello Roos & Special Taxes
$400 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$359 ………… Homeowners Association Fees
============================================
$8,286 ………. Monthly Cash Outlays
($1,310) ………. Tax Savings
($1,861) ………. Equity Hidden in Payment
$436 ………….. Lost Income to Down Payment
$220 ………….. Maintenance and Replacement Reserves
============================================
$5,771 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$17,499 ………… Furnishing and Move In at 1% + $1,500
$17,499 ………… Closing Costs at 1% + $1,500
$12,799 ………… Interest Points
$319,980 ………… Down Payment
============================================
$367,777 ………. Total Cash Costs
$88,400 ………. Emergency Cash Reserves
============================================
$456,177 ………. Total Savings Needed
——————————————————————————
Competing Listings
 |
$1,599,000 64 BRIDGEPORT Rd |
0.08 miles 4 bd / 3.5 ba 3,000 Sq. Ft. |
|
 |
$1,799,000 45 SEA Ter |
0.26 miles 4 bd / 3 ba 3,386 Sq. Ft. |
|
 |
$2,000,000 9 SEA Ter |
0.27 miles 5 bd / 4.25 ba 3,400 Sq. Ft. |
|
 |
$1,550,000 55 SEA Ter |
0.3 miles 5 bd / 4.5 ba 3,400 Sq. Ft. |
|
 |
$1,899,000 11 MONTEREY PINE Dr |
0.43 miles 4 bd / 4.5 ba 3,484 Sq. Ft. |
|
 |
$1,199,000 5 GRENELLE |
0.48 miles 5 bd / 3 ba 2,900 Sq. Ft. |
|
 |
$1,999,990 37 VERNON |
0.58 miles 5 bd / 4.25 ba 4,500 Sq. Ft. |
