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1846 Newport Terrace, San Pedro, California 90732, San Pedro, 90732 - 3 bed, 3 bath

1846 Newport Terrace, San Pedro, California 90732 home-pic-0
ACTIVE$999,000
1846 Newport Terrace, San Pedro, California 90732
3Beds
3Baths
1,938Sqft
409,148Lot

Price Vs. Estimate

The estimated value ($973,445.24) is $25,554.76 (2%) lower than the list price ($999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Strong Value Proposition & Recent Appraisal: The property is priced $51,000 below a recent comparable sale of the same floorplan and has already appraised at full price, indicating excellent value and a solid investment opportunity.
Top Cons:
Potential for Original Systems: Built in 1998, while cosmetically updated, some major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their typical lifespan, potentially requiring future maintenance or replacement.

Compared to the nearby listings

Price:$999.0K vs avg $1.10M ($-101,000)29%
Size:1,938 sqft vs avg 1,693 sqft65%
Price/sqft:$515 vs avg $6628%

More Insights

Built in 1998 (27 years old).
Condition: Built in 1998, this property has undergone significant and relatively recent updates that elevate its condition beyond its age. The description highlights 'newer soft gray color walls,' 'glowing hardwd flrs,' 'stainless steel appliances (newer stove),' 'recessed lighting,' 'newer chandelier,' 'stainless steel farmhouse sink,' and an '18 seer energy efficient A/C.' The kitchen features white cabinets, a modern subway tile backsplash, and stainless steel appliances, presenting a very current and move-in ready aesthetic. While the primary bathroom's light fixtures and specific granite pattern might suggest an update closer to the 10-15 year mark, the use of quality materials like granite and travertine, combined with the extensive updates throughout the rest of the home (especially the hardwood floors and efficient A/C), indicate an extensive renovation within the last 5-15 years. The property is clearly move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
Year Built
1998
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$515
HOA
$192
Days on market
-
Sold On
-
MLS number
PV25072559
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Back on market after buyer couldn't satisfy his contingency for sale. Appraisal contingency was release as house appraised at full price. Priced $51,000 below the 6/27/25 $1,050,000 sale of the same floorplan and with only $192/mo HOA, this beautiful 2 story freestanding 1,938 SF patio home built in 1998 on an interior corner lot in a gated community (the Cape) has wonderful open floorplan w/high ceilings & features a generous sized living rm flowing into a cheerful sunny kit w/ desk niche, walk in pantry & center island which then flows into a sunlit alcove that easily accommodates dining or den. And both these key spaces access a wrap around patio making the most of indoor/outdoor living &entertaining. Powder rm &direct access 2 car gar w/newer epoxy flrs &generous overhead storage complete the main level &make life more convenient. Upstairs the primary suite takes center stage as it runs the full width of rear of home &features elevated ceilings, lots of windows, ceiling fan, furniture niche, &a huge alcove great for den, office or work out space; suite continues into middle of house w/primary bath containing an oversized tub, separate shower, double sinks w/granite counters &travertine flooring &then into a generous walk-in closet. Remaining upper level space features 2 more bedrms which share a full bath plus an upstairs laundry rm which makes life more efficient in not having to carry laundry downstairs &back again. Decorator details abound from newer soft gray color walls to glowing hardwd flrs to stainless steel appliances (newer stove) to beautiful wainscoting to plantation shutters to four inch baseboards to recessed lighting to newer chandelier to stainless steel farmhouse sink. On hot days turn on the 18 seer energy efficient A/C or just relax on the patio & enjoy ocean breezes. Repainted interior walls &woodwork.Conveniently located walking distance to San Pedro's two most beautiful parks (Averill &Bogdanovich) &a short drive to the ocean. Plus ideally located to enjoy West Harbor Development as it evolves w/new restaurants &planned amphitheatre. This home is a nice place to visit but even better to live here in this centrally located 24 hour gated community with only $192/month HOA fees for private gate, private roads, private park &grounds maintenance. Don’t miss my lifestyle drone video that shows wonderful easily accessible amenities to enjoy in this delightful coastal city. Corner lots rarely come to market…it’s been years! HURRY!

Nearby schools

5/10
Leland Street Elementary School
Public,•K-6•0.6mi
4/10
Seventh Street Elementary School
Public,•K-5•0.7mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.1mi
5/10
Bandini Street Elementary School
Public,•K-6•1.4mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.9mi
6/10
San Pedro Senior High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
08/14/98
Sold
$286,500
08/15/08
Sold
$627,000
07/27/04
Sold
$612,000
Condition Rating
Good
Built in 1998, this property has undergone significant and relatively recent updates that elevate its condition beyond its age. The description highlights 'newer soft gray color walls,' 'glowing hardwd flrs,' 'stainless steel appliances (newer stove),' 'recessed lighting,' 'newer chandelier,' 'stainless steel farmhouse sink,' and an '18 seer energy efficient A/C.' The kitchen features white cabinets, a modern subway tile backsplash, and stainless steel appliances, presenting a very current and move-in ready aesthetic. While the primary bathroom's light fixtures and specific granite pattern might suggest an update closer to the 10-15 year mark, the use of quality materials like granite and travertine, combined with the extensive updates throughout the rest of the home (especially the hardwood floors and efficient A/C), indicate an extensive renovation within the last 5-15 years. The property is clearly move-in ready with no immediate renovations required, aligning well with the 'Good' condition criteria.
Pros & Cons

Pros

Strong Value Proposition & Recent Appraisal: The property is priced $51,000 below a recent comparable sale of the same floorplan and has already appraised at full price, indicating excellent value and a solid investment opportunity.
Desirable Gated Community & Low HOA: Located in 'The Cape,' a 24-hour gated community offering private roads, a private park, and grounds maintenance for a remarkably low HOA fee of only $192/month.
Updated & Functional Interior: Features an open floorplan with high ceilings, a cheerful kitchen with a center island and walk-in pantry, a spacious primary suite with an alcove, convenient upstairs laundry, and recent cosmetic updates including new paint, hardwood floors, plantation shutters, recessed lighting, and an energy-efficient A/C unit.
Prime Location & Future Growth Potential: Conveniently located within walking distance to two beautiful parks, a short drive to the ocean, and ideally positioned to benefit from the ongoing West Harbor Development, promising new restaurants and entertainment.
Rare Corner Lot & Freestanding Home: Situated on a desirable interior corner lot, noted as a rare market offering, and is a freestanding patio home, providing more privacy and a detached feel compared to typical attached units.

Cons

Potential for Original Systems: Built in 1998, while cosmetically updated, some major systems (e.g., plumbing, electrical, roof) may be original or nearing the end of their typical lifespan, potentially requiring future maintenance or replacement.
Limited Private Outdoor Space: As a 'patio home' with a 'wrap around patio,' the property likely offers limited private yard space, which may not appeal to buyers seeking a large traditional backyard.
Previous Failed Escrow: The property is back on the market after a previous buyer's contingency for sale could not be satisfied, which, despite the appraisal being met, might raise questions for some potential buyers.

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