NOT LISTED FOR SALE

Estimated Value: $7,615,000

3 Beds
3.5 Baths
2,400 Sq Ft
$3,173/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $9,000,000 $3,750 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $51,175/month

Highlights

  • Boat Dock
  • Back Bay Views
  • Resident Manager or Management On Site
  • Newport Elementary School Rated A
  • Tennis Courts
  • Laundry Room

About This Home

As of March 2020

Sold Off Market. Entered Into MLS For Comp Purposes Only.

Last Agent to Sell the Property

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 03/30/2020

Coldwell Banker Realty

Last Buyer's Agent

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 03/30/2020

Coldwell Banker Realty

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $1,748,364

Year Built

  • Built in 1950

Lot Details

  • 2,900 Sq Ft Lot
  • No Common Walls

HOA Fees

  • $2,389 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Back Bay
  • Panoramic
  • City Lights
  • Neighborhood

Interior Spaces

  • 2,400 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 04804002

Community Details

Overview

  • 22 Units
  • Bay Island Association, Phone Number (949) 557-5030
  • Kidder Mathews HOA
  • Maintained Community

Recreation

  • Boat Dock
  • Pier or Dock
  • Tennis Courts
  • Community Playground

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Co-Op

Est. Annual Taxes

$1,748,364

Year Built

Built in 1950

Lot Details

0

HOA Fees

$2,389 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Bay Island (BISL)
  • View: Yes
  • Property Sub Type: Stock Cooperative
  • Property Type: Residential
  • Parcel Number: 04804002
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2400.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3750.00
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • View: Back Bay, City Lights, Neighborhood, Panoramic, Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground, Dock, Pier, Tennis Court(s), Maintenance Grounds, Management
  • Association Fee: 7166.00
  • Association Fee Frequency: Quarterly
  • Association Name: Bay Island
  • Phone: 949-557-5030
  • Senior Community: No
  • Common Interest: Stock Cooperative
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
  • Association Management: Kidder Mathews

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 2900.00
  • Lot Size Acres: 0.0666

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2900.0000 Square Feet
  • Number Of Units In Community: 22
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2002
Sold by
Cutler Frank
Bought by
Cutler Frank
Current Estimated Value
$7,615,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 1995
Sold by
Fluter Leeann
Bought by
Fluter Russell E
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cutler Frank -- Chicago Title Co
Fluter Russell E -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gannon Daniel J $3,000,000
Closed Mckeehan Burr $200,000
Closed Ray James W $2,500,000
Closed Mckeehan Burr $2,425,000
Closed Ray James W $2,725,000
Closed Collins Budge $300,000
Closed Cutler Frank W $7,875,000
Closed Collins Budge $700,000
Closed Mckeehan Burr $1,995,000
Closed Cutler Frank $6,000,000
Closed Fluter Russell E $650,000
Closed Fletcher Douglas B $1,365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $9,000,000 0.0% $3,750 / Sq Ft
03/30/2020 03/30/20 Pending -- -- --
03/30/2020 03/30/20 For Sale $9,000,000 0.0% $3,750 / Sq Ft
05/23/2016 05/23/16 Rented $8,500 -15.0% --
05/04/2016 05/04/16 For Rent $10,000 +33.3% --
08/18/2014 08/18/14 Rented $7,500 0.0% --
08/18/2014 08/18/14 For Rent $7,500 +7.1% --
08/01/2012 08/01/12 Rented $7,000 -22.2% --
07/15/2012 07/15/12 Under Contract -- -- --
02/01/2012 02/01/12 For Rent $9,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,748,364 $179,886,321 $162,417,006 $17,469,315
2024 $1,748,364 $166,139,788 $149,797,695 $16,342,093
2023 $1,662,817 $158,600,066 $143,305,761 $15,294,305
2022 $1,602,031 $152,300,028 $138,070,640 $14,229,388
2021 $1,484,468 $141,094,105 $128,256,244 $12,837,861
2020 $1,333,613 $126,669,774 $115,378,482 $11,291,292
2019 $1,269,865 $120,790,424 $109,890,564 $10,899,860
2018 $1,244,319 $118,421,998 $107,735,848 $10,686,150
2017 $1,223,841 $116,253,709 $105,761,295 $10,492,414
2016 $1,032,956 $98,428,909 $88,921,951 $9,506,958
2015 $1,023,179 $96,939,552 $87,586,261 $9,353,291
2014 $862,202 $82,029,779 $72,583,886 $9,445,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20066565

California Regional Multiple Listing Service (CRMLS)

APN: 048-040-02