1018 W Oceanfront Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $6,981,000 - $10,865,051
5
Beds
4.5
Baths
3,900
Sq Ft
$2,288/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- Rooftop Deck
- Newport Elementary School Rated A
- Property has ocean access
- Primary Bedroom Suite
About This Home
As of August 2021Beautiful quality Mediterranean five bedroom home on the Boardwalk between the piers with no dune view obstructions. Constructed in 2006. Open floor plan includes two dining areas and two living rooms and kitchen. Fabulous layout for guests and family. Primary bedroom has front row views. Superb kitchen. Wine closet, walk-in pantry. Large entry patio with barbecue and ample seating for ten or more. Best materials utilized throughout. Three car garage. Rooftop view deck.
Last Agent to Sell the Property
Coldwell Banker Realty License #00456990 Listed on: 07/26/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $100,938
Year Built
- Built in 2006
Lot Details
- 4,100 Sq Ft Lot
- Beach Front
- Rectangular Lot
Parking
- 3 Car Direct Access Garage
- Parking Available
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
Home Design
- Mediterranean Architecture
Interior Spaces
- 3,900 Sq Ft Home
- 2-Story Property
- Built-In Features
- Recessed Lighting
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room
- Home Office
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Gas Oven
- Six Burner Stove
- Gas Range
- Freezer
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Jack-and-Jill Bathroom
- Granite Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Multiple Shower Heads
- Separate Shower
- Exhaust Fan In Bathroom
Outdoor Features
- Property has ocean access
- Balcony
- Rooftop Deck
- Patio
- Exterior Lighting
- Rain Gutters
Additional Features
- Urban Location
- Forced Air Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 5 / 10
- Tax Tract Number 234
- Assessor Parcel Number 04725219
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2021
Closed on
Aug 5, 2021
Sold by
Gaughan John and Gaughan Barbara
Bought by
Hilgert Michael J and Hilgert Jacqueline D
Seller's Agent
Roderic Daley
Coldwell Banker Realty
Buyer's Agent
Stephen Mortensen
Coldwell Banker Realty
List Price
$9,900,000
Sold Price
$9,500,000
Premium/Discount to List
-$400,000
-4.04%
Total Days on Market
5
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
-$576,974
Avg. Annual Appreciation
-2.42%
Original Mortgage
$6,175,000
Outstanding Balance
$5,691,767
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$2,970,759
Purchase Details
Listed on
Jul 26, 2021
Closed on
Jul 1, 2021
Sold by
Gaughan John and The Jbg Living Trust
Bought by
Gaughan John and Gaughan Barbara
Seller's Agent
Roderic Daley
Coldwell Banker Realty
Buyer's Agent
Stephen Mortensen
Coldwell Banker Realty
List Price
$9,900,000
Sold Price
$9,500,000
Premium/Discount to List
-$400,000
-4.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,175,000
Outstanding Balance
$5,691,767
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$2,970,759
Purchase Details
Closed on
Apr 14, 2017
Sold by
Gaughan John and Gaughan Barbara
Bought by
Gaughan John and The Jbg Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.21%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 21, 2016
Sold by
Gaughan John
Bought by
Gaughan John and Gaughan Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,670,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Mar 10, 2008
Sold by
Gaughan John D and Gaughan Barbara A
Bought by
Gaughan John and Jbg Living Trust
Purchase Details
Closed on
Apr 25, 2006
Sold by
Pelican Bluffs Llc
Bought by
Gaughan John D and Gaughan Barbara A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 1, 2005
Sold by
Collins Julia J and Collins Thomas M
Bought by
Pelican Bluffs Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,300,000
Interest Rate
5.92%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 1, 2002
Sold by
Collins Charles J and Collins Sharon B
Bought by
Collins Charles J and Collins Sharon B
Purchase Details
Closed on
Oct 10, 2001
Sold by
Collins Charles J and Collins Sharon B
Bought by
Collins Charles J and Collins Sharon B
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hilgert Michael J | $9,500,000 | First Amer Ttl Co Res Div | |
| Gaughan John | -- | Placer Title | |
| Gaughan John | -- | First American Title Insuran | |
| Gaughan John | -- | First American Title Ins Co | |
| Gaughan John | -- | None Available | |
| Gaughan John D | $6,500,000 | Fidelity National Title Co | |
| Pelican Bluffs Llc | $3,750,000 | Fidelity National Title | |
| Collins Charles J | -- | -- | |
| Collins Charles J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hilgert Michael J | $3,333,000 | |
| Open | Hilgert Michael J | $6,175,000 | |
| Previous Owner | Gaughan John | $3,337,000 | |
| Previous Owner | Gaughan John | $750,000 | |
| Previous Owner | Gaughan John D | $300,000 | |
| Previous Owner | Gaughan John | $3,670,000 | |
| Previous Owner | Gaughan John | $3,881,000 | |
| Previous Owner | Gaughan John | $3,900,000 | |
| Previous Owner | Gaughan John D | $3,500,000 | |
| Previous Owner | Pelican Bluffs Llc | $4,300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2021 08/25/21 | Sold | $9,500,000 | -4.0% | $2,436 / Sq Ft |
| 07/31/2021 07/31/21 | Pending | -- | -- | -- |
| 07/26/2021 07/26/21 | For Sale | $9,900,000 | -- | $2,538 / 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 | $100,938 | $9,496,023 | $8,259,690 | $1,236,333 |
| 2023 | $103,202 | $9,702,206 | $8,097,735 | $1,604,471 |
| 2022 | $101,448 | $9,519,661 | $7,938,956 | $1,580,705 |
| 2021 | $80,409 | $7,476,760 | $6,177,621 | $1,299,139 |
| 2020 | $80,454 | $7,476,760 | $6,177,621 | $1,299,139 |
| 2019 | $78,817 | $7,330,157 | $6,056,491 | $1,273,666 |
| 2018 | $78,924 | $7,330,157 | $6,056,491 | $1,273,666 |
| 2017 | $77,548 | $7,186,429 | $5,937,736 | $1,248,693 |
| 2016 | $77,322 | $7,186,429 | $5,937,736 | $1,248,693 |
| 2015 | $78,064 | $7,186,429 | $5,937,736 | $1,248,693 |
| 2014 | $76,241 | $7,045,657 | $5,821,424 | $1,224,233 |
Source: Public Records
Agents Affiliated with this Home
-
Roderic Daley
R
Seller's Agent in 2021
Roderic Daley
Coldwell Banker Realty
(949) 395-1091
1 in this area
14 Total Sales
-
Stephen Mortensen
Buyer's Agent in 2021
Stephen Mortensen
Coldwell Banker Realty
(949) 981-4441
3 in this area
98 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG21127129
APN: 047-252-19
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