NOT LISTED FOR SALE

1028 Bayside Cove Unit 701 Newport Beach, CA 92660

Bayside Neighborhood

Estimated Value: $2,546,057 - $2,806,000

2 Beds
2 Baths
1,526 Sq Ft
$1,730/Sq Ft Est. Value

About This Home

Located in the gated community of Balboa Cove sits this gorgeously remodeled 2 bed, 2 bath townhome. This private community sits right on Balboa Bay, is a 1 minute walk from Balboa Island, and allows for full enjoyment of all the amenities you can dream of: gated entry, a private beach, easy dock access, and private community pool and spa with amazing Bay views. This property was fully renovated this year to include all the essentials: new flooring throughout, all Viking appliances, fully remodeled kitchen and bathrooms, in unit laundry, and much more. This is a corner unit with only 1 common wall and has an attached 2 car garage. The deck off the living room offers peak-a-boo views of Balboa Bay, the Newport Beach Yacht Club, and the neighborhood. Both bedrooms are on the lower level and include fully remodeled ensuite bathrooms. The Primary suite also includes a soaking tub and his and her closets and sinks. The secondary suite mimics the finishings of the primary. Each bedroom offers direct access to the very private backyard through sliding glass doors.

Lease starts January 15th. Leased for $8,000/month with the option to be fully furnished. Lease term is negotiable between 6mo-1yr. All utilities (EXCEPT internet) are included in rent and fully paid by Owner (include water, sewer, trash, electric, gas, HOA). No pets allowed.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2024
Sold by
Burton Peter W
Bought by
Burton Family Trust and Burton
Current Estimated Value
$2,639,264

Purchase Details

Listed on
Nov 17, 2022
Closed on
Nov 10, 2022
Sold by
Burton Joan M
Bought by
Burton Peter W
Seller's Agent
Drew Teicheira
Harcourts Place
Buyer's Agent
Drew Teicheira
Harcourts Place
Sold Price
$8,000
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2022
Sold by
Cammack Alan Scott
Bought by
Burton Peter W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2021
Sold by
Nilli Amy and Stearman Jeffrey
Bought by
Cammack Alan Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,347,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2019
Sold by
Keith Jill Mary and Strickland Judy Sue
Bought by
Nili Amy and Stearman Jeffrey

Purchase Details

Closed on
Feb 2, 2000
Sold by
Krebs Mary J
Bought by
Krebs Mary Jane and The Mary Jane Krebs 2000 Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Burton Family Trust -- None Listed On Document
Burton Peter W -- Fidelity National Title
Burton Peter W $2,200,000 Fidelity National Title
Cammack Alan Scott $1,585,000 Wfg Title Company
Nili Amy $1,072,500 Orange Coast Ttl Co Of Socal
Krebs Mary Jane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burton Peter W $700,000
Previous Owner Cammack Alan Scott $1,347,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2023 01/03/23 Rented $8,000 0.0% --
12/01/2022 12/01/22 Under Contract -- -- --
11/17/2022 11/17/22 For Rent $8,000 -- --

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
2024 $24,000 $2,244,000 $2,025,304 $218,696
2023 $23,438 $2,200,000 $1,985,592 $214,408
2022 $17,368 $1,616,700 $1,409,200 $207,500
2021 $11,761 $1,083,611 $876,303 $207,308
2020 $11,648 $1,072,500 $867,317 $205,183
2019 $11,920 $1,100,000 $903,337 $196,663
2018 $2,292 $184,628 $85,276 $99,352
2017 $2,253 $181,008 $83,604 $97,404
2016 $2,132 $177,459 $81,964 $95,495
2015 $2,109 $174,794 $80,733 $94,061
2014 $2,059 $171,371 $79,152 $92,219
Source: Public Records

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