$1,365,000
SOLD JAN 6, 2017
2 Beds
2 Baths
1,040 Sq Ft
2,375 Sq Ft Lot

Recently Sold

$1,312 Per Sq Ft

8 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Ocean Side of Highway 1
  • Newport Elementary School Rated A
  • Guest House
  • Property is near public transit

About This Home

As of April 2023

Location! Location! Location! This classic Newport Beach cottage is located in the 100 block of the Balboa Peninsula seven doors from the beach. The moment you arrive you feel something special about this idyllic place in Orange County; walking distance to restaurants, shops, the Newport Pier, and the newly transformed Lido Marina Village. This property has two cottage style units, separated by a courtyard. The front house has 1-Bed 1-Bath in clean and basic condition with a peek ocean view from the front patio. In back there is a 1-Bed 1-Bath bungalow of similar size and 1-car garage. The tax record identifies the property as a 520' 1-Bed 1-Bath Single Family Residence, zoning R2. Own a rare combination of prime location with multiple options; as investor/builder, primary residence, vacation home, or live in one rent the other. You'll benefit from the long-planned area revitalization taking place now.

Last Agent to Sell the Property

Charles Gilbert

HomeSmart, Evergreen Realty License #01873984 Listed on: 11/21/2016

Last Buyer's Agent

Brent Engstrom

Engstrom Real Estate Group License #01920630

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,059

Year Built

  • Built in 1923

Lot Details

  • 2,375 Sq Ft Lot
  • Lot Dimensions are 25'x95'
  • Level Lot
  • Property is zoned R-2

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking
  • Unassigned Parking

Property Views

  • Ocean
  • Catalina
  • Peek-A-Boo

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property
  • Awning
  • Gas Range

Bedrooms and Bathrooms

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

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1

Additional Homes

  • Two Homes on a Lot
  • Guest House

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Gas Water Heater
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 27
  • Tax Tract Number 512
  • Assessor Parcel Number 04708320

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,059

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: Front unit refrigerator and stove
  • Other Phone Description: Agent Cell
  • Other Phone Number: 949-400-5071
  • Property Attached: No
  • View: Yes
  • Zoning: R-2
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04708320
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1040.00 Square Feet
  • Stories: 1
  • Entry Location: Front Ground Level
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1312.50

Exterior Features

  • Other Structures: Guest House, Two On A Lot
  • Exterior Features: Awning(s), Satellite Dish
  • View: Catalina, Ocean, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Unassigned, Uncovered, Off Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Near Public Transit, Utilities - Overhead
  • Lot Size: 25'x95'
  • Lot Size Sq Ft: 2375.00

Multi Family

  • Lease Considered: No
  • Waterfront Features: Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 27
  • Tax Tract Number: 512

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $957,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 For Sale $5,700,000 0.0% $2,000 / Sq Ft
04/12/2023 04/12/23 Sold $5,700,000 +317.6% $2,000 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
01/06/2017 01/06/17 Sold $1,365,000 0.0% $1,313 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
11/28/2016 11/28/16 For Sale $1,365,000 0.0% $1,313 / Sq Ft
11/21/2016 11/21/16 Off Market $1,365,000 -- --
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
2025 $34,059 $3,264,000 $2,680,465 $583,535
2024 $34,059 $3,200,000 $2,627,906 $572,094
2023 $13,741 $1,274,971 $748,808 $526,163
2022 $13,511 $1,249,972 $734,125 $515,847
2021 $13,253 $1,225,463 $719,730 $505,733
2020 $13,126 $1,212,898 $712,350 $500,548
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16751096

California Regional Multiple Listing Service (CRMLS)

APN: 932-841-09