302 Kings Road

3 3 2

Probable 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 $1,638,000 -- good until Oct. 1, 2019. Lease ends 9/3/2038. Yearly lease 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) and the option to purchase the land for $1,600,000. The home and the land prices together total $3,238,000. Being sold as is with no repairs or warranties by seller.
302 Kings Road, Newport Beach, CA 92663 | Residential | Single Family Residence | Active | 2624 SF | 7370 SF Lot | Built 1950 | 1 Stories | MLS# NP19123957

Offered at $1,600,000

Features

Beds: 3 | Baths: 3.00 | Garage Spaces: 2 | Parking Spaces: 2 | Pool: No | View: City Lights,Peek-A-Boo,Water | Colling : None | Heating : Central

Meet an expert

Troy Palmquist
Agent | DRE# 01772139

805.409.3662

Based on information from California Regional Multiple Listing Service, Inc. as of June 01, 2020. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by
Manny Stellino, Villa Real Estate, Source: Local MLS