$5,667,000 - $7,781,000
RENTED NOV 8, 2024

1126 E Balboa Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood
3 Beds
3 Baths
2,185 Sq Ft
$2,997 Price per Sq Ft

Last Sold February 16, 2021

Last sale price $4,300,000 $1,968 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $38,689/month

About This Home

As of February 2021

A rare lease opportunity sits on the water at 1126 East Balboa Boulevard on the highly coveted Newport Beach Peninsula. Featuring 3 bedrooms and 2.5 bathrooms, the floor plan is great for everyday beach living and entertaining. An open kitchen allows for views of the double-sized deck and bay from every angle of the main level. The deck leads to a 72ft private dock which can hold up to an 80ft boat and is the ideal place to watch the boats pass by, sunsets, or enjoy the city lights at night. Entirely remodeled throughout with oak hardwood flooring, a bunk room, and marble tiling in each of the bathrooms makes this home move-in ready. Within walking distance of the Wedge, the Balboa Ferry, and some of the West Coast's best beaches, this is truly a one of a kind rental opportunity on the water.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2024
Closed on
Nov 22, 2024
Sold by
Jazaeri Brian and Mahsoul Melody
Bought by
Jazaeri Family Trust and Jazaeri
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Yalda Miller
Coldwell Banker Realty
Sold Price
$23,000
Views
8
Current Estimated Value
$6,547,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,524,542

Purchase Details

Listed on
Feb 17, 2021
Closed on
Feb 8, 2021
Sold by
Spriggs Scott Brian and Spriggs Claudia Lynn
Bought by
Jazaeri Brian and Mahsoul Melody
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$4,300,000
Sold Price
$4,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$3,779,580
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2013
Sold by
Spriggs Everett L
Bought by
Spriggs Everett L and Spriggs Betty M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2000
Sold by
Spriggs Everett L and Spriggs Betty M
Bought by
Spriggs Everett L and Spriggs Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.84%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jazaeri Family Trust -- None Listed On Document
Jazaeri Family Trust -- None Listed On Document
Jazaeri Brian $4,200,000 Chicago Title Company
Spriggs Everett L -- First American Title Company
Spriggs Everett L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jazaeri Brian $315,420
Previous Owner Jazaeri Brian $3,779,580
Previous Owner The Spriggs Family Trust $1,780,000
Previous Owner Spriggs Everett L $2,000,000
Previous Owner Spriggs Everett L $450,000
Previous Owner Spriggs Everett L $300,000
Previous Owner Spriggs Everett L $2,300,000
Previous Owner Spriggs Everett L $415,000
Previous Owner Spriggs Everett L $75,000
Previous Owner Spriggs Everett L $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Rented $23,000 -8.0% --
10/15/2024 10/15/24 For Rent $25,000 0.0% --
09/01/2023 09/01/23 Rented $25,000 0.0% --
03/29/2023 03/29/23 For Rent $25,000 0.0% --
03/22/2023 03/22/23 Off Market $25,000 -- --
01/06/2023 01/06/23 Price Changed $25,000 -37.5% $11 / Sq Ft
11/28/2022 11/28/22 For Rent $40,000 0.0% --
02/17/2021 02/17/21 For Sale $4,300,000 0.0% $1,968 / Sq Ft
02/16/2021 02/16/21 Sold $4,300,000 -- $1,968 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --

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 $47,291 $4,457,073 $4,012,849 $444,224
2023 $46,187 $4,369,680 $3,934,166 $435,514
2022 $45,426 $4,284,000 $3,857,025 $426,975
2021 $15,714 $1,458,904 $1,106,802 $352,102
2020 $15,563 $1,443,945 $1,095,453 $348,492
2019 $15,243 $1,415,633 $1,073,974 $341,659
2018 $14,940 $1,387,876 $1,052,916 $334,960
2017 $14,677 $1,360,663 $1,032,270 $328,393
2016 $14,348 $1,333,984 $1,012,030 $321,954
2015 $14,212 $1,313,947 $996,829 $317,118
2014 $13,878 $1,288,209 $977,302 $310,907
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Seller's Agent in 2024

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    54 in this area

    125 Total Sales

    Kim Bibb
    Section Image
  • Yalda Miller

    Buyer's Agent in 2024

    Yalda Miller

    Coldwell Banker Realty

    (949) 759-5747

    9 Total Sales

    Section Image
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Map

California Orange County Newport Beach 92661 Balboa Peninsula Point

1126 E Balboa Blvd, Newport Beach, CA

This home is located at 1126 E Balboa Blvd, Newport Beach, CA 92661 and is currently estimated at $6,547,542, approximately $2,996 per square foot. 1126 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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