3602 Marcus Avenue, Newport Beach, California 92663, Newport Beach, 92663 - 5 bed, 4 bath
ACTIVE$5,250,000
3602 Marcus Avenue, Newport Beach, California 92663
5Beds
4Baths
2,950Sqft
4,125Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Waterfront Access & Views: Over 41 feet of direct bay frontage with stunning bay views, a premium and highly sought-after feature in Newport Beach.
Top Cons:
Property Age & Bulkhead: Built in 1965, the property is older, and while the bulkhead was replaced, its 25-year age may warrant future assessment or maintenance considerations.
Compared to the nearby listings
Price:$5.25M vs avg $3.20M (+$2,050,000)88%
Size:2,950 sqft vs avg 2,440 sqft80%
Price/sqft:$1.8K vs avg $1.5K76%
More Insights
Built in 1965 (60 years old).
Condition: Built in 1965, this property is 59 years old. While the description notes the 'lower unit recently remodeled' and the bulkhead was replaced 25 years ago, the exterior image reveals a dated appearance with weathered siding, an older roof, and older-style windows. This suggests the property as a whole has not undergone a comprehensive recent renovation. The 25-year-old bulkhead replacement aligns with the 'Fair' category's renovation timeframe (15-30 years ago). The property is aged but appears maintained, with some updates, yet major components likely show signs of being outdated, requiring minor updates or repairs beyond the lower unit.
Year Built
1965
Close
-
List price
$5.25M
Original List price
$5.5M
Price/Sqft
$1,780
HOA
-
Days on market
-
Sold On
-
MLS number
NP25035301
Home ConditionFair
Features
Excellent View: Bay
ViewBay
About this home
Over 41 feet of Bay Frontage and three Blocks to the beach on 1.5 lots. Legal duplex with four garage spaces. Room to dock several boats up to 41 feet long. Units are vacant and lower unit recently remodeled. Bulk head was replaced about 25 years ago.
Condition Rating
Fair
Built in 1965, this property is 59 years old. While the description notes the 'lower unit recently remodeled' and the bulkhead was replaced 25 years ago, the exterior image reveals a dated appearance with weathered siding, an older roof, and older-style windows. This suggests the property as a whole has not undergone a comprehensive recent renovation. The 25-year-old bulkhead replacement aligns with the 'Fair' category's renovation timeframe (15-30 years ago). The property is aged but appears maintained, with some updates, yet major components likely show signs of being outdated, requiring minor updates or repairs beyond the lower unit.
Pros & Cons
Pros
Waterfront Access & Views: Over 41 feet of direct bay frontage with stunning bay views, a premium and highly sought-after feature in Newport Beach.
Income-Generating Duplex: Legal duplex with both units vacant, offering immediate rental income potential or flexible owner-occupancy options.
Exceptional Boating Capability: Rare ability to dock multiple boats up to 41 feet, providing unparalleled convenience for boating enthusiasts.
Prime Coastal Location: Strategically located just three blocks from the beach, combining the best of bayfront living with ocean proximity.
Desirable West Newport Beach: Situated in a highly coveted and appreciating coastal community known for its lifestyle and strong property values.
Cons
Property Age & Bulkhead: Built in 1965, the property is older, and while the bulkhead was replaced, its 25-year age may warrant future assessment or maintenance considerations.
Partial Modernization: Only the lower unit has been recently remodeled, suggesting the upper unit or other areas may require updates to align with modern luxury standards and maximize value.
High Investment Threshold: The significant list price of $5.25M, even after a reduction, targets a niche buyer pool, which could potentially extend market time.