1022 E Balboa Blvd Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $5,680,011 - $8,829,000
4
Beds
5.5
Baths
2,608
Sq Ft
$2,810/Sq Ft
Est. Value
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 2014This 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.
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
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%
Total Days on Market
478
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
$3,440,115
Avg. Annual Appreciation
5.81%
Original Mortgage
$2,888,888
Outstanding Balance
$999,062
Interest Rate
3.21%
Mortgage Type
New Conventional
Estimated Equity
$6,147,423
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
Similar Homes in the area
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
Home Values in the Area
Average Home Value in this Area
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
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 | $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
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP13051831
APN: 048-142-22
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