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243 Prospect Street

243 Prospect Street, Newport Beach, CA 92663
Property in Newport Shores
Refi May 11, 2021
Transfer
$5,000,000 by Longbridge Financial Llc
Mortgage
243 Prospect Street has been categorized by the local assessors in Newport Beach, CA as a residential type of property. The building on the property was first built in 1960 and is 64 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 243 Prospect Street has 1,001 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 800 ft and across the front of the lot is 310 ft. The area measurement of the land has been determined as 2,480 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 287 sqft. According to our sources, there is one available parking space. In terms of heating, it is utilizing a heating system. 243 Prospect Street was last assessed in 2023. The total value of the property was assessed at $76,421. Specifically, the land the property is located on was valued at $38,049. While improvements on the property were assessed at a total of $38,372. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $1,108. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 287
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,480
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 310
  • Total Building Area: 1,001
  • Gross Building Area: 1,001
  • Building Area: 1,001
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,001
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CORONA DEL MAR
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N TR 772 BLK 3 LOT 9 TR 772 LOT 9 BLK 3 ALL (EX SWLY 5 FT) THEREOF

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 063603

Geography

  • Assessors Map Reference: 31-A4
  • Subdivision Tract Number: 772
  • Parcel: 045-071-40
  • Block: 3
  • Lot: 9
  • Latitude: 33.6278
  • Longitude: -117.949

    Address

  • Full Address: 243 Prospect St
  • Address - House Number: 243
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C031
  • 4-Digit Zip Code: 1939
  • Zip Code: 92663

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,108
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 72
  • Final Value: 1,386,201
  • High Value: 1,670,952
  • Low Value: 1,101,450

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,000,000
  • First Open Lien Mortgage Lender: LONGBRIDGE FINANCIAL LLC
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Loan Amount: $5,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,421
  • Assessed Land Value: $38,049
  • Assessed Improvements Value: $38,372

    Exemptions

  • Homeowner Exemption: Yes

About Newport Beach



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Frequently Asked Questions

What neighborhood is 243 Prospect Street located in?
The 243 Prospect Street is a located in the neighborhood of Newport Shores in Newport Beach, Newport Beach.
What is the average sales price for listings in 243 Prospect Street?
The average sales price for units in 243 Prospect Street is $0 currently.

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