NOT LISTED FOR SALE

Estimated Value: $3,830,705 - $5,134,000

4 Beds
2 Baths
1,620 Sq Ft
$2,730/Sq Ft Est. Value

Last Sold January 03, 2017

Last sale price $2,200,000 $1,358 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $27,330/month

185 Days on Market

Highlights

  • Marina
  • Beach Access
  • Ocean Side of Highway 1
  • Abraham Lincoln Elementary School Rated A
  • Fishing
  • 5-minute walk to Balboa Island Park

About This Home

As of January 2017

JUST REDUCED $ 100,000-- FANTASTIC LOCATION--Adorable 4 bedroom, 2 bath Balboa Island 2 Story "Story Book" Cottage- huge front patio surrounded by lush plants & trees for the perfect entertaining area. This colorful, bright home has an abundance of light & cottage charm, walls of windows & creative wood ceilings. A bright dutch door opens to the varied colors of the living room with fireplace, wood flooring, built in bookcases & cabinets, numerous bright, colorful glass light fixtures illuminating dining area. Kitchen with new appliances & creative pass thru to the dining area. Downstairs bathroom with shower & laundry room. Large creative opening glass window on stairs & swinging gates at the top of the stairs. There are 4 bedrooms upstairs--each unique & with numerous uses. One of the front bedrooms, could be used as a cozy family room. Master bedroom is bright & cheerful with windows with shutters, built in closet & drawers. 3rd bedroom is towards the back of the cottage & the 4th bedroom would make a great office. Upstairs bathroom with dual sinks & a large shower.
Hallway has build in cabinets & storage. 1 car garage + 1 more offstreet parking space- Located 4 doors to S. Bayfront & sandy Ruby St. Beach-Fantastic Cottage in Great Location

Last Agent to Sell the Property

Alice Brownell

Arbor Real Estate License #00796853 Listed on: 04/28/2016

Arbor Real Estate

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,012

Year Built

  • Built in 1934

Lot Details

  • 2,550 Sq Ft Lot
  • Lot Dimensions are 85' x 30'
  • Property fronts an alley
  • Paved or Partially Paved Lot
  • Level Lot
  • Property is zoned R1.5

Parking

  • 1 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Peek-A-Boo
  • Courtyard

Home Design

  • Custom Home
  • Cottage
  • Bungalow

Interior Spaces

  • 1,620 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Free-Standing Range
  • Ceramic Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1
  • Open Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available

Listing and Financial Details

  • Legal Lot and Block 23 / 2
  • Tax Tract Number 100
  • Assessor Parcel Number 05010207

Community Details

Overview

  • No Home Owners Association

Recreation

  • Marina
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,012

Year Built

Built in 1934

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: washer/dryer
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Zoning: R1.5
  • Architectural Style: Bungalow, Cottage, Custom Built
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05010207
  • Year Built: 1934
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1620.00 Square Feet
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Ceramic Counters, Tile Counters
  • Stories: 2
  • Entry Location: Ground Level
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: In Living Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1358.02
  • Room Type: All Bedrooms Up, Living Room
  • Window Features: Blinds, Shutters

Exterior Features

  • Patio: Yes
  • View: Courtyard, Peek-A-Boo
  • Patio And Porch Features: Brick, Concrete, Patio, Patio Open, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage Faces Rear
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Refrigerator
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas, Fireplace(s)
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Paved
  • Lot Size: 85' x 30'
  • Lot Size Sq Ft: 2550.00
  • Price Per Lot Square Foot: 931.37

Multi Family

  • Lease Considered: No
  • Waterfront Features: Beach Access, Fishing in Community, Marina in Community, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 2
  • Tax Lot: 23
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2019
Sold by
Lisa And Onesimo J Balelo Family Trust
Bought by
Lisa And Onesimo J Balelo Family Trust
Total Days on Market
185
Current Estimated Value
$4,423,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,487,500
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 1, 2016
Sold by
Raike Lawrence J and Raike Debora Schall
Bought by
Balelo Onesimo J and Balelo Lisa M Valvo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,487,500
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 14, 2009
Sold by
Raike Lawrence J and Raike Debora Schall
Bought by
Raike Lawrence J and Raike Debora Schall

Purchase Details

Closed on
Aug 14, 2002
Sold by
Paul Philip S and Elaine Paul R
Bought by
Raike Lawrence J and Raike Debora S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.24%

Purchase Details

Closed on
Dec 29, 1998
Sold by
Mary Cunningham Patricia
Bought by
Paul Philip S and Elaine Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.75%
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 And Onesimo J Balelo Family Trust -- Equity Title Los Angeles
Balelo Onesimo J $2,200,000 First American Title Company
Raike Lawrence J -- None Available
Raike Lawrence J -- None Available
Raike Lawrence J $1,300,000 Stewart Title
Paul Philip S $780,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balelo Onesimo J $1,487,500
Closed Balelo Onesimo J $1,487,500
Closed Lisa And Onesimo J Balelo Family Trust $1,487,500
Previous Owner Balelo Onesimo J $1,487,500
Previous Owner Raike Lawrence J $417,000
Previous Owner Raike Lawrence J $800,000
Previous Owner Raike Lawrence J $800,000
Previous Owner Paul Philip S $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2017 01/03/17 Sold $2,200,000 -7.4% $1,358 / Sq Ft
10/30/2016 10/30/16 Pending -- -- --
09/05/2016 09/05/16 Price Changed $2,375,000 -4.0% $1,466 / Sq Ft
06/13/2016 06/13/16 Price Changed $2,475,000 -3.9% $1,528 / Sq Ft
04/28/2016 04/28/16 For Sale $2,575,000 -- $1,590 / 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 $30,012 $2,814,943 $2,435,461 $379,482
2023 $29,311 $2,759,749 $2,387,707 $372,042
2022 $28,826 $2,705,637 $2,340,889 $364,748
2021 $28,273 $2,652,586 $2,294,989 $357,597
2020 $28,002 $2,625,387 $2,271,456 $353,931
2019 $27,420 $2,573,909 $2,226,917 $346,992
2018 $24,566 $2,303,850 $2,183,252 $120,598
2017 $17,431 $1,622,316 $1,563,508 $58,808
2016 $17,041 $1,590,506 $1,532,851 $57,655
2015 $16,880 $1,566,616 $1,509,827 $56,789
2014 $16,482 $1,535,929 $1,480,252 $55,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16089753

California Regional Multiple Listing Service (CRMLS)

APN: 050-102-07