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520 Cancha, Newport Beach, California 92660, Newport Beach, 92660 - 3 bed, 3 bath

520 Cancha, Newport Beach, California 92660 home-pic-0
ACTIVE$2,195,000$2,108/sqft
Est. Value: $2,288,257
4%
BelowEstimate
520 Cancha, Newport Beach, California 92660
3Beds
3Baths
2,108Sqft
2,146Lot

Price Vs. Estimate

The estimated value ($2,288,256.93) is $93,256.93 (4%) higher than the list price ($2,195,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2146, living area = 2108.

Compared to the nearby listings

Price:$2.19M vs avg $3.80M ($-1,605,000)16%
Size:2,108 sqft vs avg 2,650 sqft26%
Price/sqft:$1.0K vs avg $1.4K18%

More Insights

Built in 1972 (54 years old).
Condition: Despite being built in 1972, this property has undergone a comprehensive and high-quality renovation, bringing it to 'virtually new' condition. The description explicitly states 'fully remodeled,' 'new paint,' 'upgraded flooring,' 'new carpet,' 'new roof,' and 'new HVAC system.' The kitchen features modern white shaker cabinetry, quartz countertops with a waterfall edge, new stainless steel appliances (including double ovens), and contemporary gold fixtures. The bathrooms are also newly renovated with clean, contemporary finishes, including a luxurious spa-style marble soaking tub with dual shower heads in the primary suite. All these elements, supported by the images, indicate an extensive renovation likely completed within the last 5 years, meeting current quality standards with no deferred maintenance.
Year Built
1972
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$1,041
HOA
$595
Days on market
-
Sold On
-
MLS number
NP26007688
Home ConditionExcellent
Features
Patio
View-

About this home

Beautiful move in ready Bluffs home. Featuring 3 bedrooms, 2.5 bathrooms, and 2,108 square feet, this fully remodeled single-family residence offers an exceptional combination of privacy, space, and modern comfort. Step inside to a bright, open-concept layout with abundant natural light, new paint, upgraded flooring, new carpet, and a spacious living room with recessed lighting. The thoughtfully updated kitchen includes stainless steel appliances, white shaker cabinetry, quartz countertops, a deep sink, gas range, built-in microwave, double ovens, and an adjoining dining area. The primary suite features vaulted ceilings, generous closet space, and a spa-style marble soaking tub with dual shower heads. Two additional upstairs bedrooms share a full dual vanity bath. Bathrooms have been newly renovated with clean, contemporary finishes. Additional recent upgrades include: a new roof, new HVAC system, renovated garage, and refreshed private yard space perfect for outdoor entertaining. Ideally located just minutes from Corona Del Mar High School, East bluff Elementary, scenic beaches, biking trails, the Back Bay nature preserve, and premier shopping and dining at Fashion Island.

G
Genille Lauren
Listing Agent

Nearby schools

9/10
Eastbluff Elementary School
Public,•K-6•0.4mi
8/10
Mariners Elementary School
Public,•PK-6•2.1mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•2.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•3.0mi
9/10
Corona Del Mar High School
Public,•7-12•0.6mi
7/10
Newport Harbor High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
10/27/00
Sold
$549,000
12/23/21
Sold
$1,452,000
06/08/16
Sold
$979,000
Condition Rating
Excellent
Despite being built in 1972, this property has undergone a comprehensive and high-quality renovation, bringing it to 'virtually new' condition. The description explicitly states 'fully remodeled,' 'new paint,' 'upgraded flooring,' 'new carpet,' 'new roof,' and 'new HVAC system.' The kitchen features modern white shaker cabinetry, quartz countertops with a waterfall edge, new stainless steel appliances (including double ovens), and contemporary gold fixtures. The bathrooms are also newly renovated with clean, contemporary finishes, including a luxurious spa-style marble soaking tub with dual shower heads in the primary suite. All these elements, supported by the images, indicate an extensive renovation likely completed within the last 5 years, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Comprehensive Renovation: The property has undergone a full, high-quality remodel including a new roof, HVAC system, renovated garage, updated kitchen with high-end finishes, and modern bathrooms, offering a truly move-in ready experience.
Premier Newport Beach Location: Situated in a highly desirable Newport Beach neighborhood, providing convenient access to top-rated schools, scenic beaches, recreational trails, and upscale shopping/dining at Fashion Island.
Modern & Open Concept Interior: Features a bright, open-concept layout with abundant natural light, new paint, upgraded flooring, and recessed lighting, creating a contemporary and inviting living space.
Gourmet Kitchen & Spa-like Primary Bath: The kitchen boasts thoughtful updates with stainless steel appliances, quartz countertops, and white shaker cabinetry, complemented by a primary suite featuring vaulted ceilings and a luxurious spa-style marble soaking tub.
Excellent School Access: Located within the highly-regarded Newport Mesa Unified School District, with top-rated Eastbluff Elementary (9/10) and Corona Del Mar High School (9/10) just minutes away, appealing to families.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2146, living area = 2108.
Absence of Views: The property explicitly states 'view: None,' which may be a drawback for buyers seeking ocean, city, or panoramic vistas often associated with Newport Beach properties.
Substantial Monthly HOA Fees: A monthly association fee of $595.0 represents a considerable ongoing expense, potentially impacting affordability and long-term ownership costs for prospective buyers.
Limited Lot Size: With a lot size of 2146 sqft, the outdoor space is relatively compact for a single-family residence, which might not appeal to buyers desiring larger yards or extensive outdoor entertaining areas.
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