1033 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $6,214,000 - $8,217,000
5
Beds
6.5
Baths
3,840
Sq Ft
$1,822/Sq Ft
Est. Value
Highlights
- Ocean View
- Rooftop Deck
- Custom Home
- Newport Elementary School Rated A
- Primary Bedroom Suite
- Dual Staircase
About This Home
As of August 2021NEW 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.
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
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
Total Days on Market
6
Current Estimated Value
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
8.62%
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
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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
Similar Homes in Newport Beach, CA
Home Values in the Area
Average Home Value in this Area
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
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
65 Total Sales
-
Baylee Leavitt
Buyer's Agent in 2021
Baylee Leavitt
Seven Eight Realty
(949) 400-0943
5 in this area
14 Total Sales
-
B
Buyer Co-Listing Agent in 2021
Baleigh Lofland
eXp Realty of California
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP21129954
APN: 047-252-07
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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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