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337 Cherry Tree Ln, Newport Beach, CA 92660

List Price: $3,700,000On Market FlagOn market
Feb 14, 20243,102 sqft5 beds4 baths
Listed by: Mike Kennedy
License #: 01378430
Phone #: 949-554-1200
Pacific Sotheby's Int'l Realty
Source:
CRMLS Logo
MLS #: NP24032048

Property Description

****Please note that there is only one opportunity to view this home. Wednesday, July 23rd from 12:30 to 1:30PM**** 337 Cherry Tree Lane is perfectly located at the very end of a picturesque 8-home cul-de-sac in the heart of Newport Beach. Featuring almost 3,000sqft and lovingly upgraded throughout the years, this 5-BD/4-BA home welcomes every visitor with instant comfort and relaxation. High-beamed ceilings drape the interior of the residence with natural light while the pie-shape lot opens to a wonderful backyard retreat. Enter the home through a welcoming tree & brick-lined entry with a covered porch and impressive Dutch doors. Large in scale and illustrating attention to detail everywhere, the open-concept main floor living and dining spaces feature light laminate wood floors, brick-lined fireplaces, vaulted ceilings with plentiful skylights, and upgraded lighting, windows & doors. Entertaining is a breeze from the bright kitchen that showcases GE appliances, a farmhouse sink, black granite counters, separate beverage fridge, and plentiful storage cabinetry. Taking full advantage of the impressive 129-feet length of the backyard, the outside space features a 40-foot lap pool with a separate 12-person spa to offer endless relaxation or exercise options. Additional upgrades throughout the home include newer HVAC, air conditioning, upgraded baths, solar panels, and mature landscaping. Homes in the highly-sought-after Cherry Lake area rarely come on the market and it's easy to understand why due to close proximity to miles of nature trails in Newport's Upper Bay Nature Preserve, short distance to the beach, and easy access to the area's best schools, shops, and restaurants.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$57,531

TurboHome Estimated Value

$3,767,700

$1,215 sqft

High Valuation
$3,956,085
$1275/sqft
Normal Valuation
$3,767,700
$1215/sqft
Low Valuation
$3,579,315
$1154/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1215/sqft$3,767,700

Neighborhood: Upper Newport Bay (UBNB)

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Comparative Value

$2.65M

$2.75M

$3.01M

$3.38M

$3.70M

$3.90M

367 Newport Glen Ct, Newport Beach, CA 92660

Sale Price: $2,650,000

Selected Comparable

2501 Via Marina, Newport Beach, CA 92660

Sale Price: $2,750,000

Selected Comparable

2401 Tustin Ave, Costa Mesa, CA 92627

Sale Price: $3,010,000

Selected Comparable

2212 Windward Ln, Newport Beach, CA 92660

Sale Price: $3,380,000

Selected Comparable

337 Cherry Tree Ln, Newport Beach, CA 92660

List Price: $3,700,000

Subject Property

266 Cecil Pl, Costa Mesa, CA 92627

Sale Price: $3,900,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
337 Cherry Tree Ln, Newport Beach, CA 92660

337 Cherry Tree Ln, Newport Beach, CA 92660

List: $3,700,000

Listed: 2/14/2024

Area:3,102 sqft
Price/sqft:$1,193
Beds:5
Baths:4
Year Built:
Lot Size:9,335

Comparable Properties

COMPARABLE
Choose comps
266 Cecil Pl, Costa Mesa, CA 92627

266 Cecil Pl, Costa Mesa, CA 92627

Sale: $3,900,000

5/21/20250.29 mi

Area:3,061 sqft
Price/sqft:$1,274
Beds:5
Baths:4
Year Built:
Weight:25.2%
2212 Windward Ln, Newport Beach, CA 92660

2212 Windward Ln, Newport Beach, CA 92660

Sale: $3,380,000

4/25/20250.60 mi

Area:3,016 sqft
Price/sqft:$1,121
Beds:4
Baths:4
Year Built:
Weight:19.7%
2501 Via Marina, Newport Beach, CA 92660

2501 Via Marina, Newport Beach, CA 92660

Sale: $2,750,000

8/14/20240.30 mi

Area:3,208 sqft
Price/sqft:$857
Beds:4
Baths:4
Year Built:
Weight:18.8%
367 Newport Glen Ct, Newport Beach, CA 92660

367 Newport Glen Ct, Newport Beach, CA 92660

Sale: $2,650,000

11/14/20240.12 mi

Area:3,460 sqft
Price/sqft:$766
Beds:4
Baths:4
Year Built:
Weight:18.3%
2401 Tustin Ave, Costa Mesa, CA 92627

2401 Tustin Ave, Costa Mesa, CA 92627

Sale: $3,010,000

3/21/20250.20 mi

Area:3,054 sqft
Price/sqft:$986
Beds:4
Baths:3
Year Built:
Weight:18.0%

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