NOT LISTED FOR SALE

Estimated Value: $4,585,175 - $5,918,000

4 Beds
4 Baths
2,417 Sq Ft
$2,126/Sq Ft Est. Value

Last Sold August 29, 2017

Last sale price $2,830,000 $1,171 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $29,805/month

10 Days on Market

Highlights

  • Bay View
  • Dual Staircase
  • Main Floor Bedroom
  • Abraham Lincoln Elementary School Rated A
  • Fireplace in Primary Bedroom
  • 2-minute walk to Balboa Island Park

About This Home

As of August 2017

Beautiful custom home situated in a premier location on the desirable “Quiet End” of Balboa Island - just two doors from the Bay. This stylish four bedroom (plus large bonus room), four bath home offers an array of indoor/outdoor living, an impressive floorplan, and is loaded with detail. The large main floor enjoys an oversized covered patio with two different seating areas and custom folding doors into the expansive great room. Enjoy a gourmet kitchen with quartz countertops, dining area, picturesque glass wine cellar under the stairs, and unique built-in bar with views of the Bay. The balance of the first floor also includes a bedroom, pristinely remodeled bath with shower, large two-car garage, rear staircase, and an exterior side area with room to park a golf cart. The upper level offers a deluxe master retreat with oversized walk-in closet, spacious bath, fireplace, and an impressive deck with serene views of the Bay. The second level also includes two large guest rooms (one can be used as an office), two baths, laundry, and a spacious bonus room with built-in kitchenette - which contains a dishwasher and refrigerator. Escape to the third floor with the charming wrap/storage room, and then out to a spectacular and mesmerizing roof deck with OUTSTANDING views of the Bay. The combination of an elite location, and abundance of outdoor space makes this one of the best homes Balboa Island has to offer.

Last Agent to Sell the Property

Ryan Gunderson

Arbor Real Estate License #01869795 Listed on: 07/11/2017

Arbor Real Estate

Last Buyer's Agent

Brianna Becker

Crescent Properties License #01330509

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 2,550 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage

Property Views

  • Bay
  • City Lights

Interior Spaces

  • 2,417 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Living Room with Fireplace
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Heating
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 99
  • Assessor Parcel Number 05004107

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05004107
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2417.00 Square Feet
  • Interior Amenities: 2 Staircases
  • Stories: 3
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Area
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1170.87
  • Room Type: Main Floor Bedroom, Walk-In Closet
  • Bathroom Features: Shower, Shower In Tub

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Stackable
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2550.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 22
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2017
Closed on
Aug 7, 2017
Sold by
Klingerman Paul Lester and Klingerman Cathi Lee
Bought by
Emerald Stone Llc
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Brianna Becker
Crescent Properties
List Price
$2,860,000
Sold Price
$2,830,000
Premium/Discount to List
-$30,000
-1.05%
Current Estimated Value
$5,138,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,308,044
Avg. Annual Appreciation
7.39%
Original Mortgage
$2,405,000
Outstanding Balance
$2,010,565
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$3,127,479

Purchase Details

Closed on
May 16, 2008
Sold by
Klingerman Paul Lester and Klingerman Cathi Lee
Bought by
Lester Paul and Klingerman Cathi Lee

Purchase Details

Closed on
Nov 2, 2001
Sold by
Nguyen Helen Hong Yen
Bought by
Klingerman Paul Lester and Klingerman Cathi Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.73%

Purchase Details

Closed on
May 18, 1998
Sold by
Paul Klingerman and Lee Cathi Lee
Bought by
Klingerman Paul Lester and Klingerman Cathi Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
7.13%

Purchase Details

Closed on
May 16, 1994
Sold by
Swanson John L and Swanson Suzanne B
Bought by
Klingerman Paul Lester and Klingerman Cathi Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Emerald Stone Llc $2,830,000 Lawyers Title
Lester Paul -- Accommodation
Klingerman Paul Lester -- Stewart Title
Klingerman Paul Lester -- Commonwealth Land Title
Klingerman Paul Lester $700,000 United Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emerald Stone Llc $2,405,000
Previous Owner Klingerman Paul Lester $328,000
Previous Owner Klingerman Paul Lester $410,000
Previous Owner Klingerman Paul Lester $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2017 08/29/17 Sold $2,830,000 -1.0% $1,171 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $2,860,000 -- $1,183 / 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 $35,584 $3,238,814 $2,951,356 $287,458
2024 $35,584 $3,175,308 $2,893,486 $281,822
2023 $34,786 $3,113,048 $2,836,751 $276,297
2022 $34,066 $3,036,808 $2,781,128 $255,680
2021 $33,421 $2,974,835 $2,726,596 $248,239
2020 $31,360 $2,944,332 $2,698,638 $245,694
2019 $30,708 $2,886,600 $2,645,723 $240,877
2018 $30,095 $2,830,000 $2,593,846 $236,154
2017 $11,817 $1,096,005 $819,422 $276,583
2016 $11,551 $1,074,515 $803,355 $271,160
2015 $11,441 $1,058,375 $791,288 $267,087
2014 $11,170 $1,037,643 $775,787 $261,856
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17153276

California Regional Multiple Listing Service (CRMLS)

APN: 050-041-07