NOT LISTED FOR SALE

1033 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $6,874,000 - $7,856,934

5 Beds
6.5 Baths
3,840 Sq Ft
$1,940/Sq Ft Est. Value

Last Sold August 04, 2021

Last sale price $5,000,000 $1,302 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $43,110/month

6 Days on Market

Highlights

  • Ocean View
  • Rooftop Deck
  • Custom Home
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • Dual Staircase

About This Home

As of August 2021

NEW CONSTRUCTION ! This gorgeous 5 bedroom, 6 1/2 bath home spans over 3,840 square feet highlighting luxurious coastal interiors that are both breathtaking and practical. This tastefully appointed floor plan is perfect for family and friend gatherings. It includes a chef?s kitchen with marble countertops, elegant family room interior, elevator access to all levels, an oversized rooftop deck and beautiful dining room with bi-folding doors.
As you enter, the gourmet kitchen and living room will refresh your senses as you take in all the amenities hidden within the exquisite decor.
Just up the stairs, or you jump in the elevator, is the most perfect 2nd floor! A second family room greets you with an oversized couch and entertainment area. On either side of the family room, are mirror-image bedrooms and bathrooms. An additional full bath is right across the hall!
On the 3rd level, a unique indoor-outdoor deck features a covered al-fresco dining area with a built-in BBQ, plus spacious outdoor seating.
An oversized garage is also available for parking up to 3 cars and storing your paddle boards, golf cart, bikes, and longboards. Don't miss this rare opportunity as this extraordinary brand new home won't last long. The location of this Coastal gem is between the Newport and Balboa pier and just one house from the beach.
Property is on a R2 lot and current has Active short term rental permit with Newport Beach City.

Last Agent to Sell the Property

Ankush Bathla

Coldwell Banker Realty License #02028566 Listed on: 06/16/2021

Coldwell Banker Realty

Last Buyer's Agent

Baylee Leavitt

Seven Eight Realty License #02098105

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,680

Year Built

  • Built in 2019

Lot Details

  • 3,152 Sq Ft Lot
  • Landscaped
  • Sprinkler System

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Three Garage Doors

Home Design

  • Custom Home

Interior Spaces

  • 3,840 Sq Ft Home
  • Dual Staircase
  • Living Room with Fireplace
  • Ocean Views

Kitchen

  • Walk-In Pantry
  • Built-In Range
  • Microwave
  • Kitchen Island
  • Instant Hot Water

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Rooftop Deck
  • Patio
  • Outdoor Grill

Schools

  • Newport Harbor High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 16 / 10
  • Tax Tract Number 234
  • Assessor Parcel Number 04725207

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,680

Year Built

Built in 2019

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04725207
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3840.00 Square Feet
  • Interior Amenities: 2 Staircases, Pantry
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1302.08
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Kitchen Island, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Ocean
  • Patio And Porch Features: Roof Top
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Gas Cooktop, Instant Hot Water, Microwave, Refrigerator
  • Heating Type: Natural Gas, Fireplace(s)
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports

Schools

  • School District: Newport Mesa Unified
  • High School: Newport Harbor
  • High School: Newport Harbor
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 3152.00
  • Lot Size Acres: 0.0724

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3152.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 628.00
  • Tax Lot: 16
  • Tax Tract Number: 234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2021
Sold by
Hedge Edward J and Hedge Desiree M
Bought by
1033 W Balboa Boulevard Llc
Current Estimated Value
$6,965,630

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jul 1, 2021
Sold by
1033 Llc
Bought by
Hedge Edward J and Hedge Desiree M
Seller's Agent
Ankush Bathla
Coldwell Banker Realty
Buyer's Agent
Baylee Leavitt
Seven Eight Realty
List Price
$5,295,000
Sold Price
$5,000,000
Premium/Discount to List
-$295,000
-5.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%

Purchase Details

Closed on
May 5, 2021
Sold by
Demore Melissa J and Demore Living Trust
Bought by
1033 Llc

Purchase Details

Closed on
Feb 7, 2017
Sold by
Morrison Ellen Mary Thompson
Bought by
Morrison Rocky Vaughn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,000
Interest Rate
4.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2017
Sold by
Morrison Rocky Vaghn
Bought by
Demore Melissa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,000
Interest Rate
4.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2014
Sold by
Ensminger David W
Bought by
Morrison Rocky
Source: Public Records

Range of Values:

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Average Value
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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
1033 W Balboa Boulevard Llc -- None Available
Hedge Edward J $5,000,000 Chicago Title Company
1033 Llc -- None Available
Morrison Rocky Vaughn -- None Available
Demore Melissa J $1,392,000 Ticor Title Company Of Calif
Morrison Rocky $600,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demore Michael J $1,850,000
Previous Owner Demore Melissa J $892,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2021 08/04/21 Sold $5,000,000 -5.6% $1,302 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $5,295,000 -- $1,379 / 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
2024 $55,680 $5,202,000 $3,771,901 $1,430,099
2023 $54,769 $5,100,000 $3,697,942 $1,402,058
2022 $53,760 $5,000,000 $3,625,433 $1,374,567
2021 $30,754 $2,785,114 $1,492,503 $1,292,611
2020 $30,465 $2,756,557 $1,477,200 $1,279,357
2019 $23,425 $2,089,502 $1,448,236 $641,266
2018 $16,478 $1,419,840 $1,419,840 $0
2017 $7,891 $633,746 $633,746 $0
2016 $7,751 $621,320 $621,320 $0
2015 $14,390 $1,223,976 $1,223,976 $0
2014 $4,620 $301,443 $301,443 $0
Source: Public Records

Agents Affiliated with this Home

  • Ankush Bathla

    Seller's Agent in 2021

    Ankush Bathla

    Coldwell Banker Realty

    (949) 813-3114

    1 in this area

    64 Total Sales

    Section Image
  • Baylee Leavitt

    Buyer's Agent in 2021

    Baylee Leavitt

    Seven Eight Realty

    (949) 400-0943

    5 in this area

    13 Total Sales

    Section Image

  • B

    Buyer Co-Listing Agent in 2021

    Baleigh Lofland

    eXp Realty of California

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21129954

California Regional Multiple Listing Service (CRMLS)

APN: 047-252-07

California Orange County Newport Beach 92661 Central Newport Beach

1033 W Balboa Blvd, Newport Beach, CA

This home is located at 1033 W Balboa Blvd, Newport Beach, CA 92661 since 16 June 2021 and is currently estimated at $7,450,484, approximately $1,940 per square foot. This property was built in 2019. 1033 W 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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