2 months on rocket

121 Emerald Ave Unit 2, Newport Beach, CA, 92662

$899,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths, 1 Partial
2,380 SqFt
$378/SqFt
House

Location

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121 Emerald Ave Unit 2, Newport Beach$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDoor-Multi, Garage
Garage2 spaces
Year Built1952
HeatingNatural Gas, Zoned
CoolingCentral Air, Dual
FireplaceGas, Outside
ViewIsland, Harbor, Ocean, Water
MLS #24441575
Lot Size0.06 Acres
StatusActive

About 121 Emerald Ave Unit 2

New Co-Ownership Opportunity: New co-ownership opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. The best of Newport Beach living is at your doorstep in this 4-bedroom, 5-bathroom home on Balboa Island's quiet west side. Glass walls in this contemporary Cape Cod open up the first-floor great room to the front patio, perfect for watching passersby a favorite pastime on this friendly island.This home is made for entertaining, thanks to an open-plan main floor with a fireplace, dining area and a gourmet kitchen that opens to a spacious patio with a built-in barbecue. But it's the third-floor rooftop that takes entertaining to new heights. It includes a covered outdoor kitchen and dining area, and an open patio that features a jacuzzi, fire pit and panoramic views of the bay, island and sunset.Take the stairs or the custom artisan glass elevator to four bedrooms on the second floor. The spacious primary has sliding doors to a private balcony and luxurious en suite bathroom with soaking tub. The home comes fully furnished and professionally decorated.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1952
  • Stories: 2
  • Living Area: 2,380 SqFt

Listing Office:

  • Office Name: Pacaso Inc.
  • Office Phone: (628) 222-3360
  • Listing Agent: Joseph Maehler

Interior Features

Interior Information:

  • Appliances: Convection Oven, Double Oven, Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Range Hood, Water Purifier, Dryer, Washer
  • Flooring Type: Wood
  • Interior: Elevator, Open Floorplan, Walk-In Closet(s)
  • Fireplace: Gas, Outside

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Island, Harbor, Ocean, Water
  • Exterior: Fire Pit

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Door-Multi, Garage

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Zoned
  • Cooling: Central Air, Dual

Other

Directions Information:

  • Directions: At west end of Balboa Island, on corner of Park Ave and Emerald. From Marine Ave, right on Park Ave, continue to Emerald Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $378/SqFt
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

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Newport Beach, CA

City

Med. Sold Price

$3.5M

Med. Price/SqFt

$1,425

Avg. Days On Market

43

# of Sold Homes

71

121 Emerald Ave Unit 2 vs Newport Beach

89 DAYS ON ROCKET

+46 Days

$899,000

-$2.6M Less

$378/SqFt

-$1K Less

KEY TAKEAWAY

This property is $2.6M less than the Median Sold Price and $1K/SqFt less than other homes in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24441575

Listing Office:

  • Office Name: Pacaso Inc.
  • Office Phone: (628) 222-3360
  • Listing Agent: Joseph Maehler

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4307810
8
/10

  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 1.12 miles

  • Public District Grades KG-6

school-card-donut-4307811
7
/10

  • Mariners Elementary School

  • 2100 Mariners Dr

  • 1.67 miles

  • Public District Grades KG-6

school-card-donut-4307812
9
/10

  • Harbor View Elementary School

  • 900 Goldenrod Ave

  • 1.74 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $97,018. Residents of Newport Beach, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 121 Emerald Ave Unit 2

What is the listing price of this property?

The listing price of 121 Emerald Ave Unit 2 property is $899,000.

What type of property is this?

The property 121 Emerald Ave Unit 2 is a house located in Newport Beach, California, 92662.

Is this property for sale now?

Active Listing: 121 Emerald Ave Unit 2 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 121 Emerald Ave Unit 2 has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 121 Emerald Ave Unit 2 is 2,380 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 121 Emerald Ave Unit 2 is 1952.

Rocket Homes›California›Orange County›Newport Beach›92662›121 Emerald Ave Unit 2

This home is located at 121 Emerald Ave Unit 2 in Newport Beach, CA and zip code 92662 in the Balboa Island neighborhood. This 2,380 square foot home, which was built in 1952, sits on a 0.06 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $899,000.

Over 9 listings were sold over their listed price in November 2024 in Newport Beach, CA. In the same period over 48 listings were sold below the listed price and 14 listings were sold for the listed price. The number of listings in Newport Beach, CA decreased by 2.5% between October 2024 and November 2024. In November 2024 median list price was $3,500,000 and the average listing age was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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