NOT LISTED FOR SALE

Estimated Value: $2,906,000 - $5,444,000

5 Beds
2 Baths
1,756 Sq Ft
$2,330/Sq Ft Est. Value

Last Sold July 23, 2019

Last sale price $1,900,000 $1,082 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $23,773/month

207 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Fireplace
  • Newport Elementary School Rated A
  • No HOA
  • Cooling Available

About This Home

As of July 2019

FANTASTIC "R2 ZONED" Property !!! DO NOT MISS this TERRIFIC OPPORTUNITY to BUY in an IDEAL LOCATION on the beautiful Newport Beach Peninsula!!! Imagine the possibilities to build your NEW DREAM HOME or build your INVESTMENT property, Only one house from the sand. LAST of the few lots remaining (3,150+ sq. ft.) that has yet to undergo new construction in one of the areas with ‘NO overhead wires’. Most of the new 2+ story structures on the peninsula are offering views of the ocean and bay from upstairs and rooftop. Treat yourself to an incredible NEWPORT BEACH life style, and to indulge in all that the Balboa Peninsula has to offer. Uniquely, this property is centrally located halfway between both piers, at the narrowest part of the Peninsula just steps away from the beach. No need to cross the street to get your toes in the sand, and a quick crossing of the street to reach the bay. This area is blossoming with new construction. This location has quick access to the several restaurants, many shops, local park, ferry and the Fun zone. Enjoy the breathtaking Sunrises and Sunsets, bike riding, walking, jogging and many other outdoor water activities available nearby. This lot is situated with an extra wide alley behind. Buyer to verify all property information.

Last Agent to Sell the Property

Christine Rossi

Kent Real Estate Services License #01205164 Listed on: 12/05/2018

Last Buyer's Agent

Thuy Nguyen

One Stop Realty and Financial License #02024052

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,687

Year Built

  • Built in 1936

Lot Details

  • 3,153 Sq Ft Lot
  • Wood Fence
  • Density is up to 1 Unit/Acre
  • Tear Down

Parking

  • 1 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Peek-A-Boo

Interior Spaces

  • 1,756 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Beach Access

Utilities

  • Cooling Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 234
  • Assessor Parcel Number 04725111

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,687

Year Built

Built in 1936

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 949-750-5833
  • Other Phone Description: Cellular-Text
  • Other Phone Number: 949-750-5833
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04725111
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1756.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 5
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1082.00

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Tear Down
  • Lot Size Sq Ft: 3153.00
  • Lot Size Acres: 0.0724

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3153.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 23
  • Tax Tract Number: 234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Lam Lisa
Bought by
Lisa Lam Family Revocable Living Trust and Lam
Total Days on Market
207
Current Estimated Value
$4,091,946

Purchase Details

Listed on
Dec 5, 2018
Closed on
Jul 9, 2019
Sold by
Nguyen Quyen Bach
Bought by
Trinh Hai Bang Dinh
Seller's Agent
Christine Rossi
Kent Real Estate Services
Buyer's Agent
Thuy Nguyen
One Stop Realty and Financial
List Price
$2,495,000
Sold Price
$1,900,000
Premium/Discount to List
-$595,000
-23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.99%

Purchase Details

Listed on
Dec 5, 2018
Closed on
Jul 5, 2019
Sold by
Zieres Charles R and Zieres Jeanette L
Bought by
Trinh Hai Bang Dinh and Lam Lisa
Seller's Agent
Christine Rossi
Kent Real Estate Services
Buyer's Agent
Thuy Nguyen
One Stop Realty and Financial
List Price
$2,495,000
Sold Price
$1,900,000
Premium/Discount to List
-$595,000
-23.85%
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 Buyer Sale Price Title Company
Lisa Lam Family Revocable Living Trust -- None Listed On Document
Trinh Hai Bang Dinh -- Fidelity Natl Ttl Orange Cnt
Trinh Hai Bang Dinh $1,900,000 Fidelity Natl Ttl Orange Cnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zieres Charles R $424,000
Previous Owner Zieres Charles R $342,000
Previous Owner Zieres Charles R $369,142
Previous Owner Zieres Charles R $377,000
Previous Owner Zieres Charles R $375,000
Previous Owner Zieres Charles R $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2019 07/23/19 Sold $1,900,000 -9.5% $1,082 / Sq Ft
04/11/2019 04/11/19 Price Changed $2,100,000 -4.5% $1,196 / Sq Ft
02/14/2019 02/14/19 Price Changed $2,199,900 -11.8% $1,253 / Sq Ft
12/05/2018 12/05/18 For Sale $2,495,000 -- $1,421 / 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 $24,687 $2,256,491 $1,961,250 $295,241
2023 $21,463 $1,922,795 $1,922,795 $0
2022 $20,999 $1,885,094 $1,885,094 $0
2021 $21,649 $1,919,684 $1,848,132 $71,552
2020 $21,447 $1,900,000 $1,829,181 $70,819
2019 $6,082 $439,819 $362,128 $77,691
2018 $6,094 $431,196 $355,028 $76,168
2017 $6,006 $422,742 $348,067 $74,675
2016 $5,912 $414,453 $341,242 $73,211
2015 $6,106 $408,228 $336,116 $72,112
2014 $5,979 $400,232 $329,532 $70,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18286287

California Regional Multiple Listing Service (CRMLS)

APN: 047-251-11