NOT LISTED FOR SALE

1114 E Balboa Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $6,817,000 - $10,966,485

7 Beds
4 Baths
3,821 Sq Ft
$2,288/Sq Ft Est. Value

Last Sold February 17, 2015

Last sale price $6,720,000 $1,759 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $56,142/month

52 Days on Market

Highlights

  • Boat Slip
  • Bay View
  • Traditional Architecture
  • Newport Elementary School Rated A
  • 0.2 Acre Lot
  • 3-minute walk to Balboa Peninsula Park

About This Home

As of February 2015

60' OF FRONTAGE ON THE BAY WITH A DOCK TO ACCOMMODATE A LARGE BOAT, PLUS A BAY BOAT, JET SKIS, OR CATAMARANS. CLASSIC NEWPORT BAYFRONT ESTATE WITH SEVEN BEDROOMS, FOUR BATHS AND A THREE CAR OVERSIZED GARAGE. THE OPEN FLOORPLAN BOASTS LOTS OF WINDOWS AND DOORS OPENING TO A LARGE WRAP-AROUND PATIO WHICH IS PERFECT FOR ENTERTAINING. FABULOUS BAY VIEWS PLUS NIGHTLIGHT VIEWS OF FASHION ISLAND AND THE PAVILLION. WALK ACROSS THE STREET TO THE OCEAN AND BEACH, OR TO THE SHOPS AND RESTAURANTS AT THE FUN ZONE.

Last Agent to Sell the Property

Rob Norquist

Compass License #01118831 Listed on: 11/01/2014

Compass

Last Buyer's Agent

AJ Olson Whitfield

Pacific Sotheby's Int'l Realty License #01869034

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,841

Year Built

  • Built in 1963

Lot Details

  • 8,520 Sq Ft Lot
  • Lot Dimensions are 60x142
  • Front Yard Sprinklers

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener

Property Views

  • Bay
  • City Lights

Home Design

  • Traditional Architecture
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 3,821 Sq Ft Home
  • Fireplace With Gas Starter
  • Sliding Doors
  • Living Room
  • Dining Room

Kitchen

  • Double Oven
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Main Floor Bedroom

Outdoor Features

  • Boat Slip
  • Patio

Utilities

  • Forced Air Heating System
  • 220 Volts in Kitchen
  • Sewer Paid
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Custom

Listing and Financial Details

  • Legal Lot and Block 8 / 17
  • Tax Tract Number 105
  • Assessor Parcel Number 04815150

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,841

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04815150
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3821.00
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: Sliding Doors
  • Eating Area: Dining Room
  • Fireplace Features: Gas Starter
  • Levels: Two
  • Price Per Square Foot: 1758.70
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip
  • View: Bay, City Lights, Water
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Garage Faces Front, Direct Garage Access, Garage Door Opener, Built-In Storage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Appliances: Double Oven, Dishwasher, Freezer, Disposal, Refrigerator
  • Electric: 220 Volts in Kitchen
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Sprinklers In Front
  • Lot Size: 60x142
  • Lot Size Sq Ft: 8520.00
  • Lot Size Acres: 0.1960

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8520.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 17
  • Tax Lot: 8
  • Tax Tract Number: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2015
Sold by
Sullivan Timothy P and Sullivan Jan E
Bought by
The Sullivan Family Trust
Total Days on Market
52
Current Estimated Value
$8,741,828

Purchase Details

Listed on
Nov 1, 2014
Closed on
Dec 23, 2014
Sold by
Pritt Frank W
Bought by
Sullivan Timothy P and Sullivan Jan E
Seller's Agent
Rob Norquist
Compass
Buyer's Agent
AJ Olson Whitfield
Pacific Sotheby's Int'l Realty
List Price
$7,650,000
Sold Price
$6,720,000
Premium/Discount to List
-$930,000
-12.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,000,000
Interest Rate
3.66%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 15, 1996
Sold by
Pritt Frank W
Bought by
Pritt Frank W
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
The Sullivan Family Trust -- Lawyers Title
Sullivan Timothy P $6,720,000 Lawyers Title
Pritt Frank W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Timothy R $3,863,000
Closed Sullivan Timothy P $1,000,000
Previous Owner Sullivan Timothy P $4,368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2015 02/17/15 Sold $6,720,000 -12.2% $1,759 / Sq Ft
12/23/2014 12/23/14 Pending -- -- --
11/01/2014 11/01/14 For Sale $7,650,000 -- $2,002 / 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 $84,841 $8,025,706 $7,590,278 $435,428
2023 $82,864 $7,868,340 $7,441,449 $426,891
2022 $81,502 $7,714,059 $7,295,538 $418,521
2021 $79,935 $7,562,803 $7,152,488 $410,315
2020 $79,169 $7,485,256 $7,079,148 $406,108
2019 $77,511 $7,338,487 $6,940,341 $398,146
2018 $75,960 $7,194,596 $6,804,256 $390,340
2017 $74,613 $7,053,526 $6,670,839 $382,687
2016 $72,433 $6,868,196 $6,540,038 $328,158
2015 $37,675 $3,536,437 $3,270,116 $266,321
2014 $36,786 $3,467,164 $3,206,059 $261,105
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rob Norquist

    Compass

    (949) 466-5115

    1 Total Sale

    Rob Norquist
    Section Image
  • AJ Olson Whitfield

    Buyer's Agent in 2015

    AJ Olson Whitfield

    Pacific Sotheby's Int'l Realty

    (949) 433-8989

    46 Total Sales

    AJ Olson Whitfield
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14233249

California Regional Multiple Listing Service (CRMLS)

APN: 048-151-50

California Orange County Newport Beach 92661 Balboa Peninsula Point

1114 E Balboa Blvd, Newport Beach, CA

This home is located at 1114 E Balboa Blvd, Newport Beach, CA 92661 since 01 November 2014 and is currently estimated at $8,741,828, approximately $2,287 per square foot. This property was built in 1963. 1114 E Balboa Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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