NOT LISTED FOR SALE

Estimated Value: $8,743,230

5 Beds
7 Baths
3,606 Sq Ft
$2,425/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $5,400,000 $1,498 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $50,876/month

10 Days on Market

Highlights

  • Beach Access
  • Wine Cellar
  • Bay View
  • Abraham Lincoln Elementary School Rated A
  • Spa
  • 2-minute walk to Balboa Island Park

About This Home

As of October 2018

This spectacular Modern Farm House inspired home is situated on an extremely rare lot and a half in the coveted 100 block of Balboa Island, just steps to the sand. The home has 5 bedrooms and 7 bathrooms and is designed with a casual elegance which is ideal for island living. Upon entering the home, you will find a great room that opens onto a large deck to take in the Bay views and lights of the Balboa Pavilion. The great room flows into the dining room with custom cabinetry and wine cellar. The kitchen serves as the heart of the home and features Calcutta marble countertops, custom cabinetry, Wolf and Sub-Zero appliances, this stunning space is an entertainer's delight. The lower level offers a guest suite, generous laundry room, garage and carport parking to accommodate up to 4 cars. Upstairs the home boasts a luxurious master suite with limestone fireplace, bi-folding doors which open onto the deck to take in the Bay Views, private office and a "spa like" master bath. Unique to Balboa Island, the second level has 3 additional bedrooms, each with their own private bath. On the third level you will find one of the largest roof decks available on the island. A full living room with fireplace, built-in seating, kitchen with center island, dishwasher and a bathroom make this space enjoyable year-round. A Jacuzzi and BBQ space which enjoy lovely views of the harbor complete this spectacular area. An oversized elevator gives easy access to all levels of the home.

Last Agent to Sell the Property

Heather Kidder

Arbor Real Estate License #01187466 Listed on: 09/04/2018

Arbor Real Estate

Co-Listed By

Stephanie Lowe

Compass License #01118318

Last Buyer's Agent

Gregory Lombardi

Compass License #00964829

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2013

Lot Details

  • 3,825 Sq Ft Lot
  • Fenced
  • Stucco Fence

Parking

  • 2 Car Attached Garage
  • 1 Open Parking Space
  • 1 Attached Carport Space
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Bay
  • City Lights

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 3,606 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Wine Cellar
  • Great Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Intercom
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers
  • Utility Sink
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Outdoor Features

  • Spa
  • Beach Access
  • Balcony
  • Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Rooftop Access
  • Front Porch

Schools

  • Lincoln Elementary School
  • Corona Del Mar Middle School
  • Corona Del Mar High School

Utilities

  • Two cooling system units
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 99
  • Assessor Parcel Number 05006318

Home Details

Home Type

Single Family

Year Built

Built in 2013

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05006318
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3606.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Elevator, Intercom, Open Floorplan, Recessed Lighting, Stone Counters
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Master Bedroom, Outside, Great Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1497.50
  • Room Type: Bonus Room, Great Room, Kitchen, Laundry, Main Floor Bedroom, Master Suite, Office, Wine Cellar
  • Spa Features: Private
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Exhaust Fan(s), Stone Counters, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Self-Closing Drawers, Stone Counters, Utility Sink

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, City Lights
  • Fence: Yes
  • Fencing: Stucco Wall
  • Patio And Porch Features: Patio, Front Porch, Rear Porch, Roof Top
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Trash Compactor
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • Elementary School: Lincoln
  • High School: Corona Del Mar
  • Middle Or Junior School: Corona Del Mar
  • Elementary School #2: LINCOL
  • High School2: CODEMA

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 3825.00
  • Lot Size Acres: 0.0878

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3825.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 37
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2018
Sold by
Davis Steven L and Davis Kimberly B
Bought by
Davis Steven L and Davis Kimberly B
Current Estimated Value
$8,743,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$853,808
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$7,889,422

Purchase Details

Listed on
Sep 4, 2018
Closed on
Sep 18, 2018
Sold by
Hanna Robert James and Hanna Tamara Lee
Bought by
Davis Steven L and Davis Kimberly B
Seller's Agent
Heather Kidder
Arbor Real Estate
Buyer's Agent
Gregory Lombardi
Compass
List Price
$5,525,000
Sold Price
$5,400,000
Premium/Discount to List
-$125,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%

Purchase Details

Closed on
Feb 9, 2011
Sold by
Robinson Henrietta Seton and Seton Randolph
Bought by
Hanna Robert James and Hanna Tamara Lee
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
Davis Steven L -- Servicelink
Davis Steven L $5,400,000 Lawyes Title
Hanna Robert James $2,300,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Steven L $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2018 10/15/18 Sold $5,400,000 -2.3% $1,498 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $5,525,000 -- $1,532 / 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 $65,691 $6,023,800 $4,798,876 $1,224,924
2024 $65,691 $5,905,687 $4,704,781 $1,200,906
2023 $64,121 $5,789,890 $4,612,531 $1,177,359
2022 $60,136 $5,676,363 $4,522,089 $1,154,274
2021 $58,979 $5,565,062 $4,433,420 $1,131,642
2020 $58,413 $5,508,000 $4,387,961 $1,120,039
2019 $57,194 $5,400,000 $4,301,922 $1,098,078
2018 $36,575 $3,433,895 $2,417,329 $1,016,566
2017 $35,928 $3,366,564 $2,369,930 $996,634
2016 $35,119 $3,300,553 $2,323,460 $977,093
2015 $34,790 $3,250,976 $2,288,559 $962,417
2014 $33,970 $3,187,294 $2,243,729 $943,565
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18209827

California Regional Multiple Listing Service (CRMLS)

APN: 050-063-18