18 Anjou, Upgraded Newport Coast Villa, Resort-Style Living, Gated Community

New Beautiful Listing in Newport Coast, California

Upgraded, bright and spacious 3-bedroom 3-bath villa in Newport Coast.

This gorgeous townhome is the largest model nestled in the gated community of the Summit and boasts beautiful hillside views. A formal entryway welcomes you into a large open concept kitchen & family room space with a distinctive two-sided fireplace. Featuring beautiful stone travertine flooring throughout and infused with sunlight transcending through a wall of windows scaling 20 feet up into vaulted ceilings. The modern kitchen has granite countertops, large island with breakfast bar, stainless steel appliances & hood, and built-in wine fridge. The spacious master suite features a walk-in closet, oval bathtub, dual vanities with modern upgraded fixtures & separate shower. The second en suite bedroom also includes a walk-in closet, and the third bedroom features gorgeous custom built-in cabinets. Direct-access 2-car garage with cabinets throughout and epoxy coated flooring. Retreat outside to a large patio ideal for entertaining. This gem is freshly painted and includes recessed LED energy-efficient lighting with dimmers, reverse osmosis water system, and separate laundry room. Fortified with Smart Home Technology including Ring doorbell camera, alarm system, Bluetooth enabled keyless entry, and smart phone enabled garage door access. Association amenities include resort-style pool and spa, access to tennis courts, private parks. Situated minutes from the beach, Fashion Island, hiking trails, Pelican Hill Resort and Golf Club, restaurants, shops, excellent schools.

How Much Are Closing Costs in California?

How Much Are Closing Costs?

 What Home Buyers and Sellers Can Expect

Closing costs are the fees paid by buyer and seller to third parties at the closing of a real estate transaction that help facilitate the sale of a home.

The point in time called the Closing is when the Title to the property is transferred from the seller to the buyer. 

You can estimate that closing costs typically around 1% to 5% of the home purchase price. So, on a $500,000 home, your closing costs would amount to anywhere around $5,000 up to $25,000. I generally estimate the closing costs between 2% - 3%. For buyers it depends on whether you obtain a loan or pay cash.

How much are closing costs for buyers?

Here are some of the fees home buyers usually pay:

• A loan origination fee, which lenders charge for processing the paperwork for your loan.
• A fee for running your credit report.
• A wire transfer fee. 
• A fee for the underwriter, who assesses your credit worthiness
• A fee for the appraisal of the home 
• Escrow fee
• HOA documents transfer fee
• A fee for the third party home inspection
• A fee for a title search to unearth any liens on the property that could interfere with your ownership 
• Taxes on the money you’ve borrowed for your home loan.

 

How much are closing costs for sellers?

Here are some of the fees home sellers usually pay:

• Standard owner’s Title Insurance
• Real estate agent commission
• Document preparation fee for deed
• Documentary transfer tax 
• Any FHA or VA loan fees required by the Buyer’s lender
• Payoff of all loans in the Seller’s name (or existing loan balance if being assumed by the Buyer)
• Interest accrued to Lender being paid off including statement fees, re-conveyance fees, and any prepayment penalties.
• Any judgment, tax liens, etc. against the Seller
• Recording charges to clear all documents of record against the Seller
• Tax proration (for any taxes unpaid at time of transfer to title)
• Any unpaid Homeowners dues
• Any and all delinquent taxes
• Notary fees
• Termite inspection and clearance
• Escrow Fee (50%)

To estimate your closing costs, enter your numbers into an online closing costs calculator, or ask your Realtor, lender, or mortgage broker for a more accurate estimate. Then, at least three days before closing, the lender is required by federal law to send buyers a closing disclosure that outlines those costs once again. Before you close, make sure to review these documents to see if the numbers line up to what you were originally quoted. 

Realtor.com-Judy Dutton; Elena Akinshina