2015 Barranca, Newport Beach, CA 92660
List Price: $995K
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 53
3 Bedrooms · 2 Bathrooms · 1,184 sq ft
Property Type: Residential
Year Built: 1966
Lot Size: 1,640 sq ft
Garage Spaces: 2
Private Pool: Yes
HOA Fee: $677/Monthly
MLS Number: NP26128531
About This Property
********************************************* LAND LEASE ***************************************************************** MAJOR PRICE ADJUSTMENT. Out-of-state seller risks losing their upleg. This home needs to be sold ASAP. Super-clean, remodeled single-level end unit with a small ocean view. Kitchen eating area. Overlooks the community pool. Close to Corona Del Mar High and Our Lady Queen of Angels Church. This property is located on leased land. The Irvine Company owns the land. Lease payment is currently $ 2,622.24 per year. The Land Lease Buyout Amount is $481,062.00 with a lease expiration of 2041. Buyer to verify actual lease amounts at closing. If a buyer needs financing, include a pre-approval letter from a lender addressing the land lease with your offer. For questions regarding the land lease, email Cyndi Akers at cakers@irvinecompany.com.
Listing provided by: Keith Randle DRE #00993898 949-689-8880 kbrandle@yahoo.com, Keith Randle, Broker
Source: CRMLS, MLS #: NP26128531
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.