Seller's Agent in 2024
Don Abrams
Abrams Coastal Properties
(714) 325-9055
68 in this area
95 Total Sales
116 Abalone Ave Newport Beach, CA 92662
Balboa Island Neighborhood
4
Beds
5
Baths
2,095
Sq Ft
3,825
Sq Ft Lot
Highlights
- Beach Access
- Detached Guest House
- Wood Flooring
- Abraham Lincoln Elementary School Rated A
- Fishing
- Main Floor Bedroom
About This Home
As of August 2024Once-in-a-lifetime opportunity to own an incredible 4-bedroom, 5-bath home at one of Balboa Island’s best locations. Seated on a 45 x 85-foot over-sized lot, just 4 doors from the South Bayfront on coveted Little Balboa Island, this captivating cottage offers relaxed beach living with endless possibilities. Just past its white picket fence and sunny front patio, the main level offers wood floors, a large living room with fireplace, upgraded kitchen, formal dining room, an office/den (or 5th bedroom), and a private rear casita with bedroom and bath. The first level also showcases an expansive interior courtyard with fireplace, perfect for year-round outdoor entertainment. The second level features three bedrooms and two baths, including a primary suite with built-in storage and two walk-in closets. 116 Abalone provides a fantastic opportunity for buyers seeking a timeless residence with unique charm and designer touches, nestled on a spacious lot in the heart of the Little Island.
Last Agent to Sell the Property
Abrams Coastal Properties Brokerage Phone: 714-325-9055 License #01234323 Listed on: 05/06/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $37,508
Year Built
- Built in 1937
Lot Details
- 3,825 Sq Ft Lot
- Lot Dimensions are 45x85
- Property fronts an alley
- Wood Fence
- Back and Front Yard
- Density is up to 1 Unit/Acre
- Property is zoned R1.5
Parking
- 2 Car Attached Garage
- Parking Available
- Rear-Facing Garage
- Three Garage Doors
Home Design
- Cottage
- Wood Siding
- Shingle Siding
- Stucco
Interior Spaces
- 2,095 Sq Ft Home
- 2-Story Property
- Built-In Features
- Crown Molding
- French Doors
- Family Room
- Living Room with Fireplace
- Dining Room
- Wood Flooring
Kitchen
- Gas Oven
- Gas Cooktop
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Beach Access
- Fireplace in Patio
- Brick Porch or Patio
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Underground Utilities
- Natural Gas Connected
- Sewer Paid
- Cable TV Available
Additional Features
- More Than Two Accessible Exits
- Detached Guest House
Listing and Financial Details
- Tax Lot 23
- Tax Tract Number 103
- Assessor Parcel Number 05018205
Community Details
Overview
- No Home Owners Association
- Balboa Island Little Island Subdivision
Recreation
- Fishing
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 6, 2024
Closed on
Jul 31, 2024
Sold by
Phelps Family 2020 Irrevocable Trust and Phelps Andrea W
Bought by
Green William and Green Kristen
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Jon Flagg
Pacific Sotheby's Int'l Realty
List Price
$5,495,000
Sold Price
$4,937,500
Premium/Discount to List
-$557,500
-10.15%
Total Days on Market
58
Views
64
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,198
Avg. Annual Appreciation
2.16%
Original Mortgage
$1,499,900
Outstanding Balance
$1,488,588
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$3,537,110
Purchase Details
Closed on
Dec 31, 2020
Sold by
Phelps William H
Bought by
Phelps Andrea W and Phelps Family 2020 Irrevocable
Purchase Details
Closed on
Jan 1, 2018
Sold by
Phelps William H
Bought by
Phelps Andrea W and Phelps Family 2020 Irrevocable
Purchase Details
Closed on
Feb 23, 2017
Sold by
Podley William M
Bought by
Phelps William H and Phelps Andrea W
Purchase Details
Closed on
Oct 20, 2003
Sold by
Podley William M and Podley Kathleen G
Bought by
Podley William M and William M Podley Trust
Purchase Details
Closed on
Jun 26, 2003
Sold by
Podley William M
Bought by
Podley William M and Podley Kathleen G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 13, 1998
Sold by
Podley William M and Podley Kathleen G
Bought by
Podley William M and William M Podley Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
7%
Purchase Details
Closed on
Jan 8, 1998
Sold by
Podley William M and Podley William M Tru
Bought by
Podley William M and Podley Kathleen G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
7%
Purchase Details
Closed on
Jun 7, 1995
Sold by
Podley William M and Podley Kathleen G
Bought by
Podley William M and William M Podley Trust
Purchase Details
Closed on
Apr 7, 1995
Sold by
Woods George C and Macgowan Marilyn
Bought by
Podley William M and Podley Kathleen G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
8.51%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,937,500 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $3,100,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Southland Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $875,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,499,900 | New Conventional | |
| Previous Owner | $575,000 | New Conventional | |
| Previous Owner | $650,000 | Purchase Money Mortgage | |
| Previous Owner | $635,000 | No Value Available | |
| Previous Owner | $650,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2024 08/01/24 | Sold | $4,937,500 | -10.1% | $2,357 / Sq Ft |
| 07/03/2024 07/03/24 | Pending | -- | -- | -- |
| 05/06/2024 05/06/24 | For Sale | $5,495,000 | +77.3% | $2,623 / Sq Ft |
| 05/04/2017 05/04/17 | Sold | $3,100,000 | -3.0% | $1,480 / Sq Ft |
| 02/17/2017 02/17/17 | Pending | -- | -- | -- |
| 01/15/2017 01/15/17 | For Sale | $3,195,000 | -- | $1,525 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $37,508 | $3,527,269 | $3,440,824 | $86,445 |
| 2023 | $36,631 | $3,458,107 | $3,373,357 | $84,750 |
| 2022 | $36,027 | $3,390,301 | $3,307,212 | $83,089 |
| 2021 | $35,335 | $3,323,825 | $3,242,365 | $81,460 |
| 2020 | $34,996 | $3,289,744 | $3,209,119 | $80,625 |
| 2019 | $34,268 | $3,225,240 | $3,146,195 | $79,045 |
| 2018 | $33,584 | $3,162,000 | $3,084,504 | $77,496 |
| 2017 | $13,684 | $1,266,389 | $1,171,228 | $95,161 |
| 2016 | $13,378 | $1,241,558 | $1,148,262 | $93,296 |
| 2015 | $13,251 | $1,222,909 | $1,131,014 | $91,895 |
| 2014 | $13,072 | $1,198,954 | $1,108,859 | $90,095 |
Source: Public Records
Agents Affiliated with this Home
-
Don Abrams
-
Ryan Gunderson
R
Seller Co-Listing Agent in 2024
Ryan Gunderson
Arbor Real Estate
(949) 673-3444
67 in this area
102 Total Sales
-
Jon Flagg
Buyer's Agent in 2024
Jon Flagg
Pacific Sotheby's Int'l Realty
(949) 698-1910
2 in this area
134 Total Sales
-
W
Seller Co-Listing Agent in 2017
WILLIAM PODLEY
COMPASS
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24089519
APN: 050-182-05
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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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