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302 Kings RD Newport Beach, CA 92663
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Key Details
Sold Price $1,445,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Kings Road (Kgrd)
MLS Listing ID NP20189612
Sold Date 10/30/20
HOA Y/N No
Lot Size 7,405 Sqft
Property Description
Possible harbor turning basin and ocean view from a new second story. Garage access off cul-de-sac in rear shared by 10 homes so not necessary to add a driveway to the front of the property. This property is on Irvine Company leased land. Purchase price for the land is $1,685,250 -- good until Oct. 1, 2020. Lease ends 9/30/2038. Yearly lease amount is $10,400. Property is reappraised every quarter. That would be a separate escrow with the Irvine company. Sellers are selling the assumption of the lease, improvements (the house/tear down) and the option to purchase the land for $1,445,000. The home and the land prices together total $3,130,250. Being sold as is with no repairs or warranties by seller.
All cash buyer is requested as the home may not be suitable for financing due to the condition.
Location
State CA
County Orange
Area N6 - Newport Heights
Zoning R1
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N Yes
Building
Lot Description Irregular Lot, Tear Down
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 04920116
Acceptable Financing Cash, Court Approval
Listing Terms Cash, Court Approval
Financing Cash
Special Listing Condition Trust
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Bought with Manny Stellino • Villa Real Estate
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