NOT LISTED FOR SALE

Estimated Value: $6,145,000 - $8,331,000

2 Beds
4 Baths
1,450 Sq Ft
$4,799/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $5,000,000 $3,448 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $41,078/month

73 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Modern Architecture
  • Newport Elementary School Rated A
  • Main Floor Bedroom
  • No HOA

About This Home

As of February 2022

Reduced! Lowest priced Beach & Boardwalk front! Approved plans by Coastal Commission for a Soft Modern 3-story home with 3 BD/4BA plus an office/cabana, elevator, wine cellar & 2-car garage & carport. The building plans are close to permit ready and approx a month away from the City approval. The architectural plans feature 2,276 of livable square footage plus a roof-top deck with 1,046 of open square footage and endless views. The main level floor plan has an open floor plan, with a kitchen + island, living and dining room. The second level includes three bedrooms including the master bedroom, with expansive beach, pier and ocean views plus a private balcony. The third level has a roof top deck will an enclosed cabana with a full bath, outdoor mini kitchen with BBQ and fireplace. This is a perfect opportunity to build your dream home and customize the finishes. Beach living at its best, enjoy sunsets, sunshine and waves all year long. Walk, bike and run, this location will inspire you to live life. Perfectly situated on the boardwalk and in-between the Newport and Balboa pier, the location is active and quiet, close to restaurants and entertainment. The existing home has 2 BD/4Ba, an open floor plan, great patio for entertaining and a 1-car garage & carport. The 2-story cottage is super cute and perfectly livable as is. This is the Lowest priced beachfront SFR on the peninsula.

Last Agent to Sell the Property

Michelle Ultimo Hall

Ultimo Properties, Inc. License #01031639 Listed on: 10/24/2021

Last Buyer's Agent

Allison Root

Compass License #01368988

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 2,100 Sq Ft Lot
  • Beach Front
  • Level Lot

Parking

  • 1 Car Attached Garage
  • 1 Carport Space

Property Views

  • Ocean
  • Views of a pier
  • Catalina

Home Design

  • Modern Architecture
  • Bungalow
  • Turnkey

Interior Spaces

  • 1,450 Sq Ft Home
  • 2-Story Property
  • Awning
  • Dining Room with Fireplace
  • Gas Range

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Open Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 20 / 11
  • Tax Tract Number 219
  • Assessor Parcel Number 04807409
  • $1,087 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

2,100 Sq Ft Lot

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Architectural Style: Bungalow, Modern
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04807409
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1450.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 2
  • Fireplace Features: Dining Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3448.28
  • Room Type: Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • Exterior Features: Awning(s)
  • View: Catalina, Ocean, Pier, Water
  • Patio And Porch Features: Patio, Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports, Preserve/Public Land, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2100.00
  • Lot Size Acres: 0.0482

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2100.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Front

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 628.00
  • Tax Lot: 20
  • Tax Tract Number: 219
  • TaxOtherAnnualAssessmentAmount: 1087.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2021
Closed on
Jan 18, 2022
Sold by
Hall Family Trust
Bought by
Heather Homes Llc
Seller's Agent
Michelle Ultimo Hall
Ultimo Properties, Inc.
Buyer's Agent
Allison Root
Compass
List Price
$5,300,000
Sold Price
$5,000,000
Premium/Discount to List
-$300,000
-5.66%
Current Estimated Value
$6,957,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,957,887
Avg. Annual Appreciation
8.66%
Original Mortgage
$3,000,000
Outstanding Balance
$2,747,051
Interest Rate
2.63%
Mortgage Type
New Conventional
Estimated Equity
$4,210,836

Purchase Details

Listed on
Nov 8, 2020
Closed on
Dec 18, 2020
Sold by
Weld Nicki O C and Diven Dayna G
Bought by
Hall Robert J and Hall Nadine L
Seller's Agent
Rodney Sudbeck
Tom Iovenitti
Buyer's Agent
Michelle Ultimo Hall
Ultimo Properties, Inc.
List Price
$4,299,000
Sold Price
$4,000,000
Premium/Discount to List
-$299,000
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.19%

Purchase Details

Closed on
Oct 5, 2018
Sold by
William Dumont Grant Gwinup Revocable Tr
Bought by
Weld Nicki O C and Diven Dayna G
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
Heather Homes Llc $5,000,000 Fidelity National Title
Hall Robert J $4,000,000 Fidelity Natl Ttl Orange Cnt
Weld Nicki O C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heather Homes Llc $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2022 02/23/22 Sold $5,000,000 -2.0% $3,448 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
12/16/2021 12/16/21 Price Changed $5,100,000 -3.8% $3,517 / Sq Ft
10/24/2021 10/24/21 For Sale $5,300,000 +32.5% $3,655 / Sq Ft
01/29/2021 01/29/21 Sold $4,000,000 -7.0% $2,784 / Sq Ft View Prior Sale
12/17/2020 12/17/20 For Sale $4,299,000 +7.5% $2,992 / Sq Ft
12/15/2020 12/15/20 Off Market $4,000,000 -- --
11/22/2020 11/22/20 Price Changed $4,299,000 -4.5% $2,992 / Sq Ft
11/08/2020 11/08/20 For Sale $4,500,000 -- $3,132 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $64,101 $6,079,295 $5,178,695 $900,600
2024 $62,079 $5,827,650 $5,077,152 $750,498
2023 $53,168 $4,977,600 $4,977,600 $0
2022 $43,808 $4,080,000 $3,972,402 $107,598
2021 $3,097 $190,456 $106,463 $83,993
2020 $3,071 $188,504 $105,372 $83,132
2019 $3,039 $184,808 $103,306 $81,502
2018 $3,060 $181,185 $101,281 $79,904
2017 $3,018 $177,633 $99,295 $78,338
2016 $2,907 $174,150 $97,348 $76,802
2015 $3,041 $171,535 $95,886 $75,649
2014 $2,980 $168,175 $94,007 $74,168
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21230136

California Regional Multiple Listing Service (CRMLS)

APN: 048-074-09

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