$7,125,000
SOLD APR 15, 2025
3 Beds
5 Baths
2,185 Sq Ft
2,550 Sq Ft Lot

Recently Sold

$3,261 Per Sq Ft

1% Below List Price

Highlights

  • Bay View
  • No HOA
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A
  • 2 Car Attached Garage
  • 1-minute walk to Balboa Island Park

About This Home

As of April 2025

Input for comp purposes. Outstanding custom home with incredible views.

Last Agent to Sell the Property

Ryan Gunderson

Arbor Real Estate Brokerage Email: ryan@arborrealestate.com License #01869795 Listed on: 04/15/2025

Arbor Real Estate

Last Buyer's Agent

Ryan Gunderson

Arbor Real Estate Brokerage Email: ryan@arborrealestate.com License #01869795 Listed on: 04/15/2025

Arbor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,087

Year Built

  • Built in 2019

Lot Details

  • 2,550 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • City Lights

Interior Spaces

  • 2,185 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Listing and Financial Details

  • Legal Lot and Block 35 / 11
  • Tax Tract Number 99
  • Assessor Parcel Number 05005123
  • $33,000 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,087

Year Built

Built in 2019

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • 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: 05005123
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2185.00 Square Feet
  • Interior Amenities: Elevator
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Accessibility Features: 2+ Access Exits
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3260.87
  • Room Type: All Bedrooms Up

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 630.06
  • Tax Lot: 35
  • Tax Tract Number: 99
  • TaxOtherAnnualAssessmentAmount: 33000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2025
Closed on
Mar 25, 2025
Sold by
Steven G And Gina N Hearne Trust and Hearne Steven G
Bought by
Mk-Jk 2019 Dynasty Holdings Llc
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Ryan Gunderson
Arbor Real Estate
List Price
$7,200,000
Sold Price
$7,125,000
Premium/Discount to List
-$75,000
-1.04%
Views
8
Current Estimated Value
$6,957,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$167,854
Avg. Annual Appreciation
-7.40%

Purchase Details

Listed on
Mar 11, 2019
Closed on
Nov 5, 2019
Sold by
Trimar Properties Llc
Bought by
Hearne Steven G and Hearne Gina N
Seller's Agent
Ryan Gunderson
Arbor Real Estate
Buyer's Agent
Ryan Gunderson
Arbor Real Estate
List Price
$4,295,000
Sold Price
$4,265,000
Premium/Discount to List
-$30,000
-0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.95%
Original Mortgage
$2,559,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2017
Sold by
Trimar Properties Llc
Bought by
Balboa Real Estate Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
3.95%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 16, 2016
Closed on
Jun 29, 2016
Sold by
Collins Sara J
Bought by
Trimar Properties Llc
Seller's Agent
Justin Miller
First Team Real Estate
Buyer's Agent
Alisa Clum
Cal Beach Real Estate
List Price
$2,175,000
Sold Price
$1,975,000
Premium/Discount to List
-$200,000
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.93%
Original Mortgage
$1,781,250
Interest Rate
3.6%
Mortgage Type
Construction
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $7,125,000 Chicago Title
Grant Deed $4,265,000 Chicago Title Company
Grant Deed -- Chicago Title Company
Grant Deed -- Fntg
Grant Deed $1,975,000 Western Resources Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,467,000 New Conventional
Previous Owner $2,559,000 New Conventional
Previous Owner $2,200,000 Construction
Previous Owner $1,950,000 Construction
Previous Owner $850,000 Commercial
Previous Owner $1,781,250 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $7,125,000 -1.0% $3,261 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
04/15/2025 04/15/25 For Sale $7,200,000 +68.8% $3,295 / Sq Ft
11/18/2019 11/18/19 Sold $4,265,000 -0.7% $1,965 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $4,295,000 +117.5% $1,979 / Sq Ft
07/20/2016 07/20/16 Sold $1,975,000 -9.2% $932 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $2,175,000 -- $1,026 / 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 $51,087 $4,664,398 $3,828,174 $836,224
2024 $51,087 $4,572,940 $3,753,112 $819,828
2023 $49,863 $4,483,275 $3,679,522 $803,753
2022 $46,524 $4,395,368 $3,607,374 $787,994
2021 $45,629 $4,309,185 $3,536,641 $772,544
2020 $45,191 $4,265,000 $3,500,377 $764,623
2019 $20,119 $1,879,443 $1,879,443 $0
2018 $19,719 $1,842,592 $1,842,592 $0
2017 $21,145 $1,975,000 $1,806,463 $168,537
2016 $2,878 $241,167 $107,756 $133,411
2015 $2,849 $237,545 $106,137 $131,408
2014 $2,783 $232,892 $104,058 $128,834
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25081942

California Regional Multiple Listing Service (CRMLS)

APN: 050-051-23