1015 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $3,172,793 - $4,578,000
4
Beds
3
Baths
2,180
Sq Ft
$1,794/Sq Ft
Est. Value
Highlights
- Marina
- Ocean View
- Ocean Side of Highway 1
- Newport Elementary School Rated A
- Property has ocean access
- Custom Home
About This Home
As of May 2017Refined and reimagined from the ground up, this quintessential beach duplex is nestled between the Oceanfront and Newport Harbor on the Balboa Peninsula. Offering a prime location central to the Newport and Balboa Piers, the property can be utilized as a dual-income generator, mix of rental/tenant use, or a SFR with a granny unit. The entire home has been transformed from it's original condition, which includes, a new roof, doors, windows, floors, kitchens and baths, while maintaining the charm of beach living at its finest. Durable European White Oak floors are laid throughout both units, while the kitchens have been completely modernized with stainless steel appliance packages, custom cabinetry and Calcutta stone counters. Slate floors run around the perimeter of the property that includes a raised front porch and a private, covered "Surfer's patio". Crown molding, wainscoting, premium hardware, dual-pane windows and additional built-in storage round out the complimentary features. This is the perfect turnkey income property and/or beach house for the discerning buyer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,136
Year Built
- Built in 1986 | Remodeled
Lot Details
- 3,149 Sq Ft Lot
- Lot Dimensions are 31x103
- Property fronts an alley
- No Common Walls
- Privacy Fence
- Wood Fence
- Stucco Fence
- Rectangular Lot
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Custom Home
- Contemporary Architecture
- Turnkey
- Additions or Alterations
- Pillar, Post or Pier Foundation
- Fire Rated Drywall
- Composition Roof
- Partial Copper Plumbing
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 2,180 Sq Ft Home
- 2-Story Property
- Wired For Data
- Built-In Features
- Crown Molding
- Wainscoting
- Ceiling Fan
- Recessed Lighting
- Fireplace Features Masonry
- Gas Fireplace
- Double Pane Windows
- ENERGY STAR Qualified Windows with Low Emissivity
- Insulated Windows
- Casement Windows
- Insulated Doors
- Panel Doors
- Family Room Off Kitchen
- Living Room with Fireplace
- Storage
- Attic Fan
Kitchen
- Updated Kitchen
- Open to Family Room
- Gas Oven
- Self-Cleaning Oven
- Six Burner Stove
- Gas Range
- Free-Standing Range
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Water Line To Refrigerator
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
- Disposal
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Home Security System
- Fire and Smoke Detector
Accessible Home Design
- No Interior Steps
- More Than Two Accessible Exits
Outdoor Features
- Property has ocean access
- Beach Access
- Ocean Side of Highway 1
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Utilities
- Central Heating
- High Efficiency Heating System
- Heating System Uses Natural Gas
- Wall Furnace
- Vented Exhaust Fan
- Underground Utilities
- 220 Volts in Garage
- ENERGY STAR Qualified Water Heater
- Gas Water Heater
- Phone Connected
- Cable TV Available
Additional Features
- ENERGY STAR Qualified Equipment for Heating
- Urban Location
Listing and Financial Details
- Legal Lot and Block 20 / 10
- Tax Tract Number 234
- Assessor Parcel Number 04725210
Community Details
Recreation
- Marina
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,200
- Insurance Expense $1,800
- Trash Expense $600
- Water Sewer Expense $600
- New Taxes Expense $26,400
- Operating Expense $31,200
- Gross Income $78,000
- Net Operating Income $46,800
Additional Features
- 2 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2017
Closed on
May 10, 2017
Sold by
1015 Balboa Llc
Bought by
Doolittle Keith R and Doolittle Jan L
Seller's Agent
Matt Genova
Arbor Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,395,000
Sold Price
$2,265,000
Premium/Discount to List
-$130,000
-5.43%
Total Days on Market
91
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,646,198
Avg. Annual Appreciation
7.26%
Original Mortgage
$1,010,000
Outstanding Balance
$853,389
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$3,117,686
Purchase Details
Closed on
Dec 22, 2015
Sold by
Mkt Development Group Llc
Bought by
1015 Balboa Llc
Purchase Details
Closed on
Nov 18, 2015
Sold by
Sudbeck Rodney and Sudbeck Corinne
Bought by
Mkt Development Group Llc
Purchase Details
Closed on
Jul 1, 2005
Sold by
Bennett David
Bought by
Sudbeck Rodney and Sudbeck Corinne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.56%
Mortgage Type
Credit Line Revolving
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Newport Beach, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Doolittle Keith R | $2,265,000 | Ticor Title Company | |
| 1015 Balboa Llc | -- | None Available | |
| Mkt Development Group Llc | $1,450,000 | Chicago Title Company | |
| Sudbeck Rodney | $1,500,000 | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Doolittle Keith R | $1,010,000 | |
| Previous Owner | Sudbeck Rodney | $356,000 | |
| Previous Owner | Sudbeck Rodney | $350,000 | |
| Previous Owner | Sudbeck Rodney | $1,000,000 | |
| Previous Owner | Bennett David | $350,000 | |
| Previous Owner | Bennett David | $200,000 | |
| Previous Owner | Bennett David | $100,000 | |
| Previous Owner | Bennett David | $324,000 | |
| Previous Owner | Bennett David | $330,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2017 05/26/17 | Sold | $2,265,000 | -5.4% | $1,039 / Sq Ft |
| 04/26/2017 04/26/17 | Pending | -- | -- | -- |
| 01/25/2017 01/25/17 | For Sale | $2,395,000 | -- | $1,099 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $28,136 | $2,577,181 | $2,471,124 | $106,057 |
| 2023 | $27,863 | $2,526,649 | $2,422,671 | $103,978 |
| 2022 | $27,291 | $2,477,107 | $2,375,167 | $101,940 |
| 2021 | $27,140 | $2,428,537 | $2,328,595 | $99,942 |
| 2020 | $26,885 | $2,403,636 | $2,304,718 | $98,918 |
| 2019 | $26,368 | $2,356,506 | $2,259,527 | $96,979 |
| 2018 | $25,974 | $2,310,300 | $2,215,222 | $95,078 |
| 2017 | $17,259 | $1,479,000 | $1,384,591 | $94,409 |
| 2016 | $16,911 | $1,450,000 | $1,357,442 | $92,558 |
| 2015 | $16,873 | $1,416,000 | $1,315,549 | $100,451 |
| 2014 | $14,923 | $1,238,000 | $1,137,549 | $100,451 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Genova
Seller's Agent in 2017
Matt Genova
Arbor Real Estate
(949) 673-7600
30 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2017
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
5,567 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP17016356
APN: 047-252-10
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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