15 days on rocket

2516 University Dr, Newport Beach, CA, 92660

$1,489,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,952 SqFt
$763/SqFt
House
Schools Nearby

Location

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2516 University Dr, Newport Beach$1,489,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage
Garage2 spaces
Year Built1963
HeatingCentral
CoolingCentral Air
FireplaceLiving Room
ViewPark, Pool
MLS #OC24098337
Lot Size0.04 Acres
StatusActive

About 2516 University Dr

Welcome to this exquisitely remodeled semi-detached home in beautiful Newport Beach, just minutes from the beach and within walking distance to the Back Bay, where you'll find scenic walking and biking trails. Properties in this coveted community are a rare find, especially spacious 3-bedroom homes like this one. The large living room, centered around a cozy fireplace, is bathed in natural light from two large glass sliders, creating a warm and inviting atmosphere. The sliders open to a lovely back patio, seamlessly blending indoor and outdoor living. The kitchen has been completely remodeled with stainless steel appliances, quartz countertops, bar seating for two, and soft-close shaker-style cabinets that provides ample storage. Conveniently located on the main floor, the spacious primary suite features an ensuite bathroom with a double sink vanity and a luxurious walk-in shower adorned with floor-to-ceiling tiles. Directly accessible from the primary bedroom, step out onto your private patio, perfect for morning coffee or evening relaxation. Upstairs, you’ll discover two generously sized bedrooms and a beautifully remodeled bathroom. Both bedrooms share access to a spacious upstairs patio, an ideal spot to unwind and enjoy the cool Newport Beach breeze. Additional features encompass new central air and heating, recessed lighting, and bamboo flooring. Situated near fantastic shopping destinations, restaurants, Newport Beach golf courses, the Newport Beach vineyard & winery, and Fashion Island, this turnkey property presents an outstanding opportunity to own a two-story, 3-bedroom, 2-bathroom semi-detached home in one of Orange County's most desirable locations.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 2
  • Living Area: 1,952 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (714) 313-3200
  • Listing Agent: Ari Mastorakis

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Water Heater
  • Flooring Type: Bamboo
  • Interior: Balcony, Pantry, Quartz Counters, Recessed Lighting, Main Level Primary, Walk-In Closet(s)
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Park, Pool

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Newport Harbor High School, Public District Grades 9-12
  • Horace Ensign Intermediate School, Public District Grades 7-8
  • Mariners Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Driving toward University Dr on Irvine, turn on University Dr. and park along the street across from Upper Newport Bay Nature Preserve. House is a short walk from there

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,489,000
  • Price Per SqFt: $763/SqFt

HOA Fees:

  • Amount: $639
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,639
  • Tax Year: 2021
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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

$3.3M

Med. Price/SqFt

$1,364

Avg. Days On Market

51

# of Sold Homes

88

2516 University Dr vs Newport Beach

15 DAYS ON ROCKET

-36 Days

$1,489,000

-$1.8M Less

$763/SqFt

-$602 Less

KEY TAKEAWAY

This property is $1.8M less than the Median Sold Price and $602/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: #OC24098337

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (714) 313-3200
  • Listing Agent: Ari Mastorakis

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: 5/31/2024, 9:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 16, 2002Home Sold
$380,000
Feb 01, 1999Home Sold
$239,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,639$508,447
2020$5,583$503,234
2019$5,363$493,367
2018$5,364$483,694
2017$5,269$474,210

History based on county public records data.

Payment Calculator

$8,138

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,531

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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.

Elementary School

school-card-donut-5820090
7
/10

  • Mariners Elementary School

  • 2100 Mariners Dr

  • 1.97 miles

  • Public District Grades KG-6

Middle School

school-card-donut-5820091
8
/10

  • Horace Ensign Intermediate School

  • 2000 Cliff Dr

  • 3.11 miles

  • Public District Grades 7-8

High School

school-card-donut-5820092
7
/10

  • Newport Harbor High School

  • 600 Irvine Ave

  • 2.78 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $130,242. The majority of Newport Beach, CA residents have income between $100k-200k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2516 University Dr

What is the listing price of this property?

The listing price of 2516 University Dr property is $1,489,000.

What type of property is this?

The property 2516 University Dr is a house located in Newport Beach, California, 92660.

Is this property for sale now?

Active Listing: 2516 University Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2516 University Dr are:
Mariners Elementary School: GreatSchools Rating 7/10
Horace Ensign Intermediate School: GreatSchools Rating 8/10
Newport Harbor High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,639 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 16, 2002 for $380,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2516 University Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2516 University Dr is 1,952 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2516 University Dr is 1963.

Rocket Homes›California›Orange County›Newport Beach›92660›2516 University Dr

This home is located at 2516 University Dr in Newport Beach, CA and zip code 92660. This 1,952 square foot home, which was built in 1963, sits on a 0.04 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $1,489,000.

In April 2024 more than 14 listings in Newport Beach, CA were sold above the asking price. During the same period more than 17 listings were sold at asking price, while more than 57 were sold below. Between March 2024 and April 2024, Newport Beach, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in April 2024 was $3,356,190, while the average time on the real estate market was 51 days.

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

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