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Newport Beach Real Estate

Archive for November 30th, 2009

November 30th, 2009

Luxury Home in the Area of Newport Beach

Category: Listings

Luxury Home in the Area of Newport Beach

Exterior of home 369 22nd Street

If you are considering purchasing a luxury home in the Newport Beach area, and you have not found what you are looking for, you may want to consider looking at 369 22nd Street. While this home officially has a Costa Mesa address, there is no element of luxury that has been over looked.

Gourmet Kitchen

This home at 369 22nd Street was annexed by the City of Costa Mesa, and literally across the street is Newport Beach.

Upstairs Game Room

This home at 369 22nd Street features 5800 square feet of living space, four bedroom suites, gourmet kitchen with a large island for entertaining. There is a downstairs family room, and upstairs there is a beautiful game room with a pool table and plasma televisions to enjoy different sporting events at the same time. The master bedroom has vaulted ceilings, a separate sitting area with a fire place. The master bathroom is finished in marble with a steam shower, and separate spa tub. Additionally, there is a private office with a separate entry. Finished with the finest of materials, there is beautiful use of granite, marble and onyx throughout this home. This home is a luxury home, located with close proximity to gourmet shopping and to the airport for the executive.

For more information and photographs on this property, please view the property website at CoastalOChome.com

Priced at $2,850,000

For a private showing of this home, please contact me.

Phone or Text: 949.280.0681

Email: Spaxson@roadrunner.com

 

Posted by Sharon Paxson // Please leave a comment.

November 30th, 2009

101st Newport Beach Parade of Lights

Category: Area Events

101st Newport Beach Parade of Lights

The Newport Beach Parade of Lights will be held:

December 16 – 20, 2009

The parade begins at Bay Island in Newport Beach at 6:30 pm, and finishes in the same spot at approximately 9:00 pm. You can find the parade route here.

Newport Beach has so many holiday events to enjoy. There is the Balboa Island Home tour, the Corona del Mar 31st Annual Christmas Walk , and of course the Annual Christmas Tree Lighting at Fashion Island which was on November 20 – 21, 2009.

The Newport Beach Parade of Lights is coming up, so come and join the viewers as you watch these incredibly decorated yachts and boats. There are even kayaks and canoes which the entrants of the Newport Beach Parade of Lights decorate. It is a truly festive time. There are some boat owners who have spent more than $50,000 decorating their yacht for this holiday event.

This year it is the 101st Annual Newport Beach Christmas Boat Parade. It is hosted by the Commodores Club of the Newport Beach Chamber of Commerce.  “The Joys of Christmas Toys” is the theme of the Newport Beach Parade of Lights

Here are some recommendations on where you can view the parade. Make your reservations today, as this is an event where the restaurants fill up quickly.

Billy’s at the Beach
2751 West Coast Highway
Newport Beach, CA 92663-4753
Phone: (949) 722-1100

Rusty Pelican
2735 W Coast Highway
Newport Beach, CA 92663
Phone: (949) 642-3431
rustypelican.com

The Chart House
2801 Coast Highway
Newport Beach, CA 92663
Phone: (949) 548-5889
thecharthouse.com

Villa Nova
3131 W. Coast Hwy
Newport Beach, California 92663
Phone: (949) 642-7880
villanovarestaurant.com

Newport Landing Restaurant and Oyster Bar
503 E. Edgewater Avenue
Balboa, CA 92661
Phone: 949-675-2373
newport-landing.com

Joe’s Crab Shack
2607 W Coast Hwy
Newport Beach, CA 92663
Phone: (888) 844-4520
Joescrabshack.com

There are also a variety of beaches that you can view the Newport Beach Parade of Lights. There is Mother’s Beach located on West Bay near 9th Street. There is also another bay side beach down by Peninsula Point in Newport Beach. Make sure you bring your blankets to keep warm, and arrive early in order to secure a parking place.

If you want to be on a boat to view the Newport Beach Parade of Lights, you might want to rent a Duffy Boat located in Newport Beach. Duffy’s are 21 feet electric boats, and are truly harbor cruisers. Contact Duffy Boats right away to see if the have any reservations open.

Newport Beach may have as many as one million viewers of this parade.

If I can answer any questions about the 101st Newport Beach Parade of Lights, please contact me.

Phone or Text: 949.280.0681

Email: Spaxson@roadrunner.com

Posted by Sharon Paxson // Please leave a comment.

November 30th, 2009

What is the Value of Your Newport Beach Home?

Category: General Information

What is the Value of Your Newport Beach Home?

If you are considering selling your home in Newport Beach, it is important to establish value of your property. There are several ways in which to determine value of your home.

1. Comparative Market Analysis

One of the most important starting points is to talk to a professional Realtor. A Realtor will look at recent sales in the area with homes that are comparable to your home.  A Realtor will consider location, condition, size of home, and will do a CMA and present it to you as the seller. A CMA is a comparative market analysis of similar properties that are active or currently on the market, pending/back up properties - properties which are pending close of escrow, and recent closed or sold properties. With regards to sold properties, an important consideration is how recently they sold. A property has to appraise per the Residential Purchase Agreement, and an appraiser is not going to go back a year for comparables. Typically, when a Realtor does a CMA for a seller, they will go back 4-6 months when reviewing sales.

2. Appraisals

Another manner in which to determine value of your Newport Beach home for sale is to have the property appraised by an independent appraiser. There is a fee for this to the Seller to have the property appraised, however this is a valid  consideration if the Seller wants additional validation of the value of the home. An appraisal will cost the seller approximately $350.00.

As I stated earlier, the property has to appraise for the sales price. There is an appraisal contingency in the Residential Purchase Agreement which stipulates the property has to appraise for the sales price in order for a loan to be secured on the property.

Internet Estimates

There are many internet sites that a consumer can visit in order to establish value of their home. A consideration with utilizing these sites is that they may not be very accurate. Some of these sites such as Zillow will attempt to offer some type of comparables, however they may not be very accurate with the price of your home. I would recommend consulting a professional Realtor who works in the area to do a Comparative Market Analysis. This is a service that I offer at no charge to my clients. Please contact me if you are considering the value of your home.

4. Market Value

Your home is worth exactly what someone is willing to pay for it, and what you are willing to accept for it at a particular time. The market is the market, and if a home is over priced it will sit on the market. If it has been under priced, then you are risking not realizing the actual dollar amount the property is worth.

You don’t want to chase the market!!

Chasing the market down is an extremely important consideration. Pricing your home high or to “test” the market  just to see if you get that amount is not a good idea. When a home is over priced, it will sit on the market accumulating days on market. And if there is a price reduction, however still slightly above the market, you can end up chasing the market down.

When a property sits on the market for too long, the assumption is – what is wrong with it? Why hasn’t it sold? Pricing a house too high handicaps it right from the beginning.

If I can answer any questions about determining the value of your Newport Beach home, please contact me.

Phone or Text: 949.280.0681

Email: Spaxson@roadrunner.com

 

 

Posted by Sharon Paxson // Please leave a comment.

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