NOT LISTED FOR SALE

Estimated Value: $7,320,848

4 Beds
3.5 Baths
2,501 Sq Ft
$2,927/Sq Ft Est. Value

Sale Details

Date Sold: August 9, 2018

Last sale price $5,450,000 $2,179 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $45,657 / mo

7 Days on Market

Highlights

  • Marina
  • Property has ocean access
  • Dual Staircase
  • White Water Ocean Views
  • Property Fronts a Bay or Harbor
  • Fireplace in Primary Bedroom

About This Home

As of August 2018

Once-in-a-generation opportunity to purchase a spectacular coastal beach home on Little Balboa Island at one of the very best waterfront locations in all of Newport Harbor. On the market for the first time in more than 30 years, 115 East Bayfront, located 3 doors from the Pointe on South Bayfront, presents unparalleled sweeping views from the Bay to the Harbor Entrance. This elegant, spacious 4-bedroom, 4-bath cottage home epitomizes the best of living on coveted, seldom available, Little Island. The expansive 1st level has a large living room with fireplace, separate dining room opening to a beautiful private interior patio, impressive wine room, and deluxe chef’s gourmet kitchen complete with LaCanche range and hood, Bosch dishwasher, and custom cabinetry. The 2nd level is approached by two staircases: the front staircase ascends to a grand master bedroom suite and two guest bedrooms, one large enough to be another master; the rear staircase opens to a private rear bedroom suite, which can also be entered through from an outside staircase—perfect as a guest quarters. The master bedroom presents high-beamed ceilings, a fireplace, kitchenette, and huge balcony with stunning views of the Bay, Fashion Island, Irvine Terrace; all the way out to the tip of the Jetty. Ready for ‘summer move in’ with fresh paint and re-finished wood floors, Island life doesn’t get any better than this!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 06/12/2018

Co-Listed By

Ryan Gunderson

Arbor Real Estate License #01869795

Last Buyer's Agent

Lana Fish

Coldwell Banker Realty License #01888807

Coldwell Banker Realty
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 2,550 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Wood Fence
  • Level Lot
  • Property is zoned R1.5

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • Bay
  • City Lights

Interior Spaces

  • 2,501 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Dual Staircase
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Plantation Shutters
  • French Doors
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Deck
  • Brick Porch or Patio
  • Exterior Lighting

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 103
  • Assessor Parcel Number 05018412

Community Details

Recreation

  • Marina

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

2,550 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: Yes
  • Zoning: R1.5
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05018412
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2501.00 Square Feet
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), High Ceilings, Pantry, Wet Bar
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Eating Area: Area
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2179.13
  • Room Type: All Bedrooms Up, Living Room, Master Bedroom, Walk-In Pantry
  • Window Features: Plantation Shutters
  • Bathroom Features: Bathtub, Shower, Shower In Tub

Exterior Features

  • Patio: Yes
  • View: Bay, City Lights, Ocean, Water, White Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Brick, Deck, Patio Open, Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2550.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Marina in Community, Ocean Access

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 12
  • Tax Tract Number: 103

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2018
Closed on
Aug 3, 2018
Sold by
Bought by
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Lana Fish
Coldwell Banker Realty
List Price
$5,595,000
Sold Price
$5,450,000
Premium/Discount to List
-$145,000
-2.59%
Current Estimated Value
$7,320,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,870,848
Avg. Annual Appreciation
3.76%
Original Mortgage
$3,815,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,450,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,579,500
Closed $3,815,000
Previous Owner $250,000
Previous Owner $120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/09/2018 08/09/18 Sold $5,450,000 -2.6% $2,179 / Sq Ft
06/12/2018 06/12/18 For Sale $5,595,000 -- $2,237 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $64,104 $6,201,168 $6,049,974 $151,194
2025 $64,104 $6,079,577 $5,931,347 $148,230
2024 $63,109 $5,960,370 $5,815,046 $145,324
2023 $61,637 $5,843,500 $5,701,025 $142,475
2022 $60,623 $5,728,922 $5,589,240 $139,682
2021 $59,458 $5,616,591 $5,479,647 $136,944
2020 $58,888 $5,559,000 $5,423,460 $135,540
2019 $57,657 $5,450,000 $5,317,117 $132,883
2018 $17,156 $1,605,737 $1,491,891 $113,846
2017 $16,852 $1,574,252 $1,462,638 $111,614
2016 $16,473 $1,543,385 $1,433,959 $109,426
2015 $16,316 $1,520,202 $1,412,419 $107,783
2014 $16,063 $1,490,424 $1,384,752 $105,672
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18134179

California Regional Multiple Listing Service (CRMLS)

APN: 050-184-12

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