1572 Indus St, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 3 bath

1572 Indus St, Newport Beach, California 92660 home-pic-0
ACTIVE$2,590,000
1572 Indus St, Newport Beach, California 92660
5Beds
3Baths
2,585Sqft
11,413Lot

Price Vs. Estimate

The estimated value ($2,590,000) is $0 (0%) lower than the list price ($2,590,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Privacy: Located in desirable Newport Beach on a cul-de-sac, offering exceptional privacy and a secluded setting with no through traffic.
Top Cons:
Unpermitted Structure: The presence of an 'unpermitted shop' poses a significant risk, potentially leading to legal issues, costly remediation, or difficulty with financing/insurance.

Compared to the nearby listings

Price:$2.59M vs avg $3.84M ($-1,251,500)20%
Size:2,585 sqft vs avg 2,666 sqft45%
Price/sqft:$1.0K vs avg $1.4K9%

More Insights

Built in 1963 (62 years old).
Condition: Built in 1963, this property has undergone a complete remodel in 2008 and further significant upgrades in 2017 and 2021. The kitchen features modern white shaker cabinets, granite countertops, subway tile backsplash, stainless steel appliances, and contemporary lighting. Bathrooms are updated with modern vanities, stylish tiling, and fixtures. The home boasts recessed lighting throughout, a mix of light wood-look flooring and clean carpets, and updated systems including central air/heating with 3 zones, a whole-house water filter, and a tankless water heater. These extensive and recent renovations ensure the property's key components are virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1963
Close
-
List price
$2.59M
Original List price
$2.85M
Price/Sqft
$1,002
HOA
-
Days on market
-
Sold On
-
MLS number
250030276SD
Home ConditionExcellent
Features
Patio
View-

About this home

**SELLER MOTIVATED** Over $250K price reduction from original asking price. Desirable Newport Beach, 5-bdrm/3-bath, cul-de-sac home, offering unparalleled privacy & open space. Complete 2008 remodel, further upgraded in 2017 & 2021. Beautiful curb appeal & a rare, expansive backyard. Secluded setting with no thru traffic, boasting mature trees creating a natural privacy screen. A lush magnolia tree welcomes you, as well as an enchanting fountain & pollinator garden. Park-like backyard has an array of mature fruit trees & California Redwoods, as well as a large, shade giving pepper tree. Sizeable covered patio, with lighting & fans, perfect for lounging & entertaining. The living room, with its large windows, overlooking the front yard, includes a lovely fireplace, making it a great space to gather. A charming kitchen/living room, is another place to congregate. 5 generously sized bedrooms (4 up, 1 down), offer many options. The cozy master bedroom suite includes a large walk-in closet, & a bright bathroom with double vanity & stone shower. Equipped with central air & heating across 3 zones for personalized climate control, whole house water filter, tankless water heater & recessed lighting. A Ring Alarm security system provides peace of mind. Oversized 2-car garage & large driveway for ample parking. Abundant storage options. Unpermitted shop presents endless possibilities. This unique Newport Beach gem, with its rare cul-de-sac location, makes it an extraordinary find. Don’t miss the opportunity to own this exceptional residence.

Nearby schools

9/10
Eastbluff Elementary School
Public,K-61.5mi
8/10
Heinz Kaiser Elementary School
Public,3-61.7mi
/10
Woodland Elementary School
Public,PK-22.0mi
8/10
Mariners Elementary School
Public,PK-62.6mi
7/10
Horace Ensign Intermediate School
Public,7-83.7mi
9/10
Corona Del Mar High School
Public,7-122.0mi
7/10
Newport Harbor High School
Public,9-123.3mi
Condition Rating
Excellent

Built in 1963, this property has undergone a complete remodel in 2008 and further significant upgrades in 2017 and 2021. The kitchen features modern white shaker cabinets, granite countertops, subway tile backsplash, stainless steel appliances, and contemporary lighting. Bathrooms are updated with modern vanities, stylish tiling, and fixtures. The home boasts recessed lighting throughout, a mix of light wood-look flooring and clean carpets, and updated systems including central air/heating with 3 zones, a whole-house water filter, and a tankless water heater. These extensive and recent renovations ensure the property's key components are virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Location & Privacy: Located in desirable Newport Beach on a cul-de-sac, offering exceptional privacy and a secluded setting with no through traffic.
Extensive Modern Upgrades: The property has undergone significant remodels in 2008, 2017, and 2021, featuring central air with 3 zones, a whole-house water filter, tankless water heater, and a Ring security system.
Luxurious Outdoor Living Space: Boasts a rare, expansive, and beautifully landscaped backyard with mature fruit trees, California Redwoods, a fountain, and a large covered patio perfect for entertaining.
Spacious & Versatile Floor Plan: Offers 5 generously sized bedrooms (4 upstairs, 1 downstairs) and 3 bathrooms, providing flexible living arrangements and ample space for a large family or guests.
Ample Parking & Storage: Features an oversized 2-car garage and a large driveway, ensuring abundant parking, complemented by extensive storage options throughout the home.

Cons

Unpermitted Structure: The presence of an 'unpermitted shop' poses a significant risk, potentially leading to legal issues, costly remediation, or difficulty with financing/insurance.
History of Price Reductions: The property has seen over $250,000 in price reductions from its original asking price, indicating potential overpricing or challenges in attracting buyers at previous price points.
Original Construction Age: Built in 1963, despite recent remodels, the underlying structure and some systems may still be original, potentially leading to unforeseen maintenance or upgrade costs in the future.

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