$5,858,300
SOLD SEP 20, 2013
3 Beds
3 Baths
2,850 Sq Ft
2,548 Sq Ft Lot

Recently Sold

$2,056 Per Sq Ft

10% Below List Price

40 Days on Market

Highlights

  • Private Dock Site
  • Property Fronts a Bay or Harbor
  • Custom Home
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • Dual Staircase

About This Home

As of August 2021

Built by current owner in 1987, this beautiful classic bayfront home offers all of the Island's best to those who love the beach, boating, great views, and summer dreams year 'round. This rare corner location provides a spacious feeling and wide views from every room. The Bay and the famed Pavilion are your seascape. There is a shared dock in front of the home, with two slips holding approx. 35' boat in each. The garage is off the street (not alley), allowing 4 parking spaces. There is one first floor bedroom/full bath. 2nd floor Master Suite/office area(s) face the amazing view. There are 3 decks on the 2nd floor. The back bedroom Suite also has a private entrance, a loft, and plumbing for a full kitchen in about 500 sq. ft. It lives like a studio and is fully sound-proofed. This beachy home also offers 2 fireplaces for those cooler evenings. Located on the corner of Apolena and South Bayfront. Come home to Balboa Island!

Last Agent to Sell the Property

Jan Langford

Surterre Properties Inc. License #01340145 Listed on: 07/12/2013

Surterre Properties Inc.

Co-Listed By

Phillip Langford

Surterre Properties Inc. License #01783520

Last Buyer's Agent

Don Abrams

Abrams Coastal Properties License #01234323

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $115,800

Year Built

  • Built in 1987

Lot Details

  • 2,548 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Southwest Facing Home
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Sprinklers on Timer
  • Garden

Parking

  • 2 Car Direct Access Garage
  • 1 Carport Space
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Home Design

  • Custom Home
  • Cape Cod Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Shake Roof
  • Pre-Cast Concrete Construction
  • Plaster

Interior Spaces

  • 2,850 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Dual Staircase
  • Wired For Sound
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Coffered Ceiling
  • Cathedral Ceiling
  • Double Pane Windows
  • Awning
  • Solar Tinted Windows
  • Custom Window Coverings
  • Blinds
  • Stained Glass
  • Bay Window
  • Wood Frame Window
  • Casement Windows
  • Atrium Doors
  • Insulated Doors
  • Panel Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Bay Views
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dressing Area
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Outdoor Features

  • Private Dock Site
  • Docks
  • Balcony
  • Deck
  • Brick Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Whole House Fan
  • Zoned Heating and Cooling
  • Central Water Heater

Community Details

  • Property has a Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Legal Lot and Block 1 / 6
  • Tax Tract Number 101
  • Assessor Parcel Number 05011327

Home Details

Home Type

Single Family

Est. Annual Taxes

$115,800

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Co-Agent Cell
  • Other Phone Number: 949-721-5858
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Custom Built, Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05011327
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2850.00
  • Interior Amenities: 2 Staircases, Built-in Features, Balcony, Cathedral Ceiling(s), Chair Railings, Coffered Ceiling(s), Crown Molding, High Ceilings, Pull Down Stairs to Attic, Wired for Sound, Vacuum Central
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Atrium Doors, Insulated Doors, Panel Doors, Service Entrance
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 2055.54
  • Room Type: Attic, Dressing Area, Foyer, Guest/Maid's Quarters, Loft, Living Room, Master Suite, Walk-In Closet, Retreat
  • Window Features: Blinds, Bay Window(s), Casement Windows, Custom Covering, Drapes, Double Pane Windows, Stained Glass, Solar Tinted Windows, Wood Frames

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Foundation: Slab
  • Exterior Features: Awning(s), Dock Private, Lighting, Rain Gutters
  • View: Bay
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Brick, Deck
  • Pool Private: No
  • Roof: Shake
  • Construction Materials: Concrete, Drywall Walls, Plaster

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Covered, Garage Faces Front, Direct Garage Access, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Double Oven, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Water Heater Central, Water Line to Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air, Dual, Electric, Whole House Fan, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Garden, Landscaped, Corner Lot, Sprinklers Timer
  • Lot Size Sq Ft: 2548.00
  • Lot Size Acres: 0.0580

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2548.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Includes Dock

Tax Info

  • Tax Block: 6
  • Tax Lot: 1
  • Tax Tract Number: 101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Jun 30, 2021
Sold by
Ng Dominic and Wong Ellen
Bought by
Etessami Hirbod and Etessami Jacqueline
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Steve Roose
Luxury Real Estate
List Price
$10,995,000
Sold Price
$10,616,018
Premium/Discount to List
-$378,982
-3.45%
Total Days on Market
40
Current Estimated Value
$13,711,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,095,579
Avg. Annual Appreciation
7.04%
Original Mortgage
$4,000,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2013
Closed on
Aug 26, 2013
Sold by
First Republic Trust Company
Bought by
Ng Dominic and Wong Ellen
Seller's Agent
Jan Langford
Surterre Properties Inc.
Buyer's Agent
Don Abrams
Abrams Coastal Properties
List Price
$6,500,000
Sold Price
$5,858,300
Premium/Discount to List
-$641,700
-9.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$1,100,000
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2010
Sold by
Phillips Susan L
Bought by
First Republic Trust Company and The Susan L Phillips Trust

Purchase Details

Closed on
Apr 8, 2009
Sold by
Phillips Susan L
Bought by
Phillips Susan L and The Susan L Phillips Trust

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
Interest Rate
3.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 8, 1998
Sold by
Susan Phillips
Bought by
Phillips Susan L and The Susan Phillips Trust
Source: Public Records

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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 $10,616,500 Lawyers Title
Grant Deed $5,858,500 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co O
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,000,000 Credit Line Revolving
Previous Owner $4,000,000 New Conventional
Previous Owner $1,100,000 Commercial
Previous Owner $1,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $10,616,018 -3.4% $3,725 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $10,995,000 +87.7% $3,858 / Sq Ft
09/20/2013 09/20/13 Sold $5,858,300 -9.9% $2,056 / Sq Ft
08/21/2013 08/21/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $6,500,000 -- $2,281 / 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 $115,800 $10,716,120 $10,066,616 $649,504
2023 $113,072 $10,506,000 $9,869,231 $636,769
2022 $108,700 $10,300,000 $9,675,716 $624,284
2021 $70,465 $6,662,769 $6,068,546 $594,223
2020 $69,790 $6,594,451 $6,006,321 $588,130
2019 $68,330 $6,465,149 $5,888,550 $576,599
2018 $66,962 $6,338,382 $5,773,088 $565,294
2017 $65,775 $6,214,100 $5,659,890 $554,210
2016 $64,289 $6,092,255 $5,548,911 $543,344
2015 $61,177 $5,762,693 $5,465,562 $297,131
2014 $61,927 $5,858,500 $5,358,500 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13137877

California Regional Multiple Listing Service (CRMLS)

APN: 050-113-27