20282 Bayview Avenue, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 1 bath
ACTIVE$2,599,000
20282 Bayview Avenue, Newport Beach, California 92660
3Beds
1Bath
1,124Sqft
8,648Lot
Price Vs. Estimate
The estimated value ($2,135,290.97) is $463,709.03 (17%) lower than the list price ($2,599,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8648, living area = 1124.
Top Cons:
Substantial Overpricing: The current listing price of $2.599M is significantly above the estimated property value ($2.135M) and recent comparable sales, suggesting it may be overpriced for the market.
Compared to the nearby listings
Price:$2.60M vs avg $3.84M ($-1,242,500)20%
Size:1,124 sqft vs avg 2,666 sqft2%
Price/sqft:$2.3K vs avg $1.4K97%
More Insights
Built in 1953 (72 years old).
Condition: Built in 1953, this home is aged but appears well-maintained. However, the kitchen is significantly outdated with open shelving, fabric cabinet skirts, patterned linoleum flooring, and a vintage-style range, indicating a need for a full renovation to meet modern standards. While described as 'turnkey,' the overall aesthetic and features, including dated light fixtures and laminate flooring in bedrooms, show signs of being outdated. The single bathroom, though not pictured, is likely also dated and presents a functional limitation. The property is functional but requires substantial updates to align with contemporary expectations.
Year Built
1953
Close
-
List price
$2.6M
Original List price
$2.39M
Price/Sqft
$2,312
HOA
-
Days on market
-
Sold On
-
MLS number
OC25082550
Home ConditionFair
Features
Patio
View-
About this home
This turnkey Newport Beach home is located in the highly desirable Upper Newport Bay Nature Preserve area just off Irvine Ave and Mesa Drive. The neighborhood is currently undergoing a renascence of new construction and highly upgraded remodels. Lovely preserved by the same owner for decades and situated on a quite street with very large lot and massive backyard. Ready to move in or prime for expansion, please visit this beautiful property.
Nearby schools
9/10
Eastbluff Elementary School
Public,•K-6•0.9mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.9mi
/10
Woodland Elementary School
Public,•PK-2•2.0mi
8/10
Mariners Elementary School
Public,•PK-6•2.5mi
7/10
Horace Ensign Intermediate School
Public,•7-8•3.5mi
9/10
Corona Del Mar High School
Public,•7-12•1.3mi
7/10
Newport Harbor High School
Public,•9-12•3.1mi
Condition Rating
Fair
Built in 1953, this home is aged but appears well-maintained. However, the kitchen is significantly outdated with open shelving, fabric cabinet skirts, patterned linoleum flooring, and a vintage-style range, indicating a need for a full renovation to meet modern standards. While described as 'turnkey,' the overall aesthetic and features, including dated light fixtures and laminate flooring in bedrooms, show signs of being outdated. The single bathroom, though not pictured, is likely also dated and presents a functional limitation. The property is functional but requires substantial updates to align with contemporary expectations.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8648, living area = 1124.
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Exceptional Location: Prime Newport Beach address in the highly desirable Upper Newport Bay Nature Preserve area, offering prestige and access to natural amenities.
Significant Lot Size: A very large 8,648 sqft lot provides ample outdoor space and considerable potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
Neighborhood Appreciation: The area is undergoing a 'renascence of new construction and highly upgraded remodels,' indicating strong investment potential and a rising neighborhood profile.
Turnkey & Well-Maintained: Described as 'turnkey' and 'lovely preserved by the same owner for decades,' suggesting the home is ready for immediate occupancy and has been cared for.
Quiet Street Setting: Located on a quiet street, offering a peaceful and desirable living environment away from heavy traffic.
Cons
Substantial Overpricing: The current listing price of $2.599M is significantly above the estimated property value ($2.135M) and recent comparable sales, suggesting it may be overpriced for the market.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property presents a functional limitation that may not meet the expectations of buyers in this price range and location.
Small Interior & Age: The 1,124 sqft interior is relatively small for a Newport Beach home, and its 1953 build year, while preserved, may imply outdated systems or require significant upgrades to meet modern standards and buyer preferences.