$2,700,000

6 Beds   7 Baths   7,100 Sq. Ft.   Single-Family
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Cliff Dr
Newport Beach, CA 92663

Overview

This Single-Family Short Sale is located at Cliff Dr, Newport Beach, CA 92663. It has 6 Beds, 7 Baths , 7,100 sqft of living space. This property is Short Sale.
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Status: Inactive
Listing ID: 57064016

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Property Information

  • Price: $2,700,000
  • Bedrooms: 6
  • Bathrooms: 7
  • Full Baths: 7
  • Living Area Size: 7,100
  • Total Square Feet: 5,630
  • Lot Size: 7800 sf
  • Pool: Yes
  • Year Built: 1953
  • Comments: Listing Status: Pending
  • Source ID: NP21256816
  • Day(s) On Site: 259
  • Subdivision: Cliffhaven (CLIF)
  • School District: Newport Mesa Unified
  • Property Type: Single Family Dwelling
  •  

Potential Home Value

This property has untapped potential!

Current Value
$2,700,000
Potential Value
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Public Records

  • Bedrooms: 3
  • Baths: 4
  • Full Baths: 4
  • Rooms: 6
  • No. of Stories: 1
  • Parking: ATTACHED GARAGE/CARPORT
  • Air Conditioning: CENTRAL
  • Fireplaces: 1 OPENING
  • Pool: SOLAR HEATED
  • Exterior Wall Type: STUCCO
  • Heating Type: CENTRAL
  • Roof Material: WOOD SHAKE/SHINGLE
  • Land Area Sqft: 7,800
  • Effective Year Built: 1960
  • Year Built: 1953
  • APN: 049-201-05
  • Property Type: Single Family Residence
  • Living Sqft: 7,100
  • Garage: ATTACHED GARAGE/CARPORT
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC
  •  

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Newport Beach, CA
Home Inspectors
Home Inspection General Co.
Mike Hosseini
949-413-3545
Homes On This Street
View more homes on Cliff Dr
foreclosure.com

Cliff Dr
Newport Beach, CA 92663

6 Beds   7 Baths   7,100 sq. ft.   Single-Family

$2,700,000

Status: Inactive Listing ID: 57064016

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Cliff-Dr-Newport-Beach-CA-92663/57064016_lid

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