NOT LISTED FOR SALE

1022 E Balboa Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $6,342,749 - $8,022,000

4 Beds
5.5 Baths
2,608 Sq Ft
$2,724/Sq Ft Est. Value

Last Sold August 26, 2014

Last sale price $3,888,888 $1,491 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $40,964/month

478 Days on Market

Highlights

  • Bay View
  • Traditional Architecture
  • No HOA
  • Newport Elementary School Rated A
  • Private Yard
  • 2-minute walk to Balboa Peninsula Park

About This Home

As of August 2014

This meticulously maintained traditional two story Bayfront home is located on the sought after Balboa Peninsula Point. The spacious four bedroom and four and a half bath home has a very large master bedroom that overlooks the harbor and features a generous double vanity bathroom, steam shower and walk in closet. Each of the secondary bedrooms has its own bath. The beautiful brick patio, grassy backyard and deck make for a welcoming entertaining area for bayside gatherings. The dock has accommodated a 63' boat. This custom home has panoramic views of the bay, Balboa Pavillion and city lights.The two car oversized garage features a work area and a wine cellar plus lots of storage. Home is being sold furnished.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 03/26/2013

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 03/26/2013

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,307

Year Built

  • Built in 1977

Lot Details

  • 3,522 Sq Ft Lot
  • Private Yard

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • City Lights

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04814222

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,307

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04814222
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2608.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • One Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Dining Room
  • Levels: Two
  • Price Per Square Foot: 1491.14
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • View: Bay, City Lights
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 3522.00
  • Lot Size Acres: 0.0810

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3522.0000 Square Feet
  • Number Of Units In Community: 438
  • Number Of Units Total: 438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2013
Closed on
Aug 7, 2014
Sold by
Parker Samuel J
Bought by
Allen William C and Allen Marie C
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$4,895,000
Sold Price
$3,888,888
Premium/Discount to List
-$1,006,112
-20.55%
Current Estimated Value
$7,105,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,216,299
Avg. Annual Appreciation
5.89%
Original Mortgage
$2,888,888
Outstanding Balance
$999,062
Interest Rate
3.21%
Mortgage Type
New Conventional
Estimated Equity
$6,330,325

Purchase Details

Closed on
Aug 6, 1996
Sold by
Edward Bach and Edward Joan M
Bought by
Parker Samuel J and Parker Sandra S

Purchase Details

Closed on
Oct 18, 1995
Sold by
Bach Edward and Bach Joan M
Bought by
Bach Edward and Bach Joan M
Source: Public Records

Range of Values:

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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
Allen William C $3,889,000 Ticor Title
Parker Samuel J $1,500,000 Commonwealth Land Title
Bach Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen William C $2,888,888
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2014 08/26/14 Sold $3,888,888 -6.3% $1,491 / Sq Ft
06/30/2014 06/30/14 Price Changed $4,150,000 -3.4% $1,591 / Sq Ft
12/13/2013 12/13/13 Price Changed $4,295,000 -4.4% $1,647 / Sq Ft
06/06/2013 06/06/13 Price Changed $4,495,000 -8.2% $1,724 / Sq Ft
03/26/2013 03/26/13 For Sale $4,895,000 -- $1,877 / Sq Ft
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 $41,307 $3,966,101 $3,531,358 $434,743
2024 $41,307 $3,888,335 $3,462,116 $426,219
2023 $40,342 $3,812,094 $3,394,232 $417,862
2022 $39,677 $3,737,348 $3,327,679 $409,669
2021 $38,915 $3,664,067 $3,262,430 $401,637
2020 $38,542 $3,626,497 $3,228,978 $397,519
2019 $37,739 $3,555,390 $3,165,665 $389,725
2018 $36,985 $3,485,677 $3,103,593 $382,084
2017 $36,330 $3,417,331 $3,042,738 $374,593
2016 $35,511 $3,350,325 $2,983,076 $367,249
2015 $35,179 $3,300,000 $2,938,267 $361,733
2014 $16,995 $1,591,715 $1,233,350 $358,365
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Seller's Agent in 2014

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    52 in this area

    123 Total Sales

    Kim Bibb
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13051831

California Regional Multiple Listing Service (CRMLS)

APN: 048-142-22

California Orange County Newport Beach 92661 Balboa Peninsula Point

1022 E Balboa Blvd, Newport Beach, CA

This home is located at 1022 E Balboa Blvd, Newport Beach, CA 92661 since 26 March 2013 and is currently estimated at $7,105,187, approximately $2,724 per square foot. This property was built in 1977. 1022 E Balboa Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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