NOT LISTED FOR SALE

Estimated Value: $2,446,520 - $3,169,000

3 Beds
2 Baths
2,129 Sq Ft
$1,323/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $1,275,000 $599 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $16,238/month

4 Days on Market

Highlights

  • Cathedral Ceiling
  • No HOA
  • Central Heating
  • Newport Elementary School Rated A
  • Beamed Ceilings
  • 1-minute walk to 38th Street Park

About This Home

As of June 2015

Beach Cottage Duplex! 5 houses off the sand, 100 block, Beachside of Balboa Blvd, 38th St. Duplex with a spacious front yard. Private 1 bedroom 1 bath upstairs rear. 2 bedroom 1 bath down with high vaulted ceilings, fireplace and french doors opening to a spacious front yard. Exceptional beaches, beach cruisers, boardwalk, Newport Pier, 38th St Park, restaurants, grocery and more all just a walk, bike or skateboard away!

Last Agent to Sell the Property

Nicolai Glazer

Pacific Sotheby's Int'l Realty License #01857997 Listed on: 04/29/2015

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Maricela Lee

Douglas Elliman of California License #01092196

Douglas Elliman of California

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,349

Year Built

  • Built in 1945

Lot Details

  • 2,280 Sq Ft Lot
  • Lot Dimensions are 24' x 95'
  • Property fronts an alley
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,129 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 670
  • Assessor Parcel Number 42332310

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $42,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,349

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 42332310
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 598.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Heating Type: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size: 24' x 95'
  • Lot Size Sq Ft: 2280.00
  • Lot Size Acres: 0.0520

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Lot Size Area: 2280.0000 Square Feet
  • Net Operating Income: 42000.00
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 670
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2015
Closed on
May 6, 2015
Sold by
118 38Th Street Llc
Bought by
Neufeld Donn Ernest and Neufeld Mary Alice
Seller's Agent
Nicolai Glazer
Pacific Sotheby's Int'l Realty
Buyer's Agent
Maricela Lee
Douglas Elliman of California
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$2,816,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,541,880
Avg. Annual Appreciation
7.54%
Original Mortgage
$956,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2015
Sold by
Kelly Kevin B
Bought by
118 38Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$956,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2006
Sold by
Kelly Kevin B
Bought by
118 38Th Street Llc

Purchase Details

Closed on
Nov 17, 2005
Sold by
Kelly Johnnette D
Bought by
Kelly Kevin B

Purchase Details

Closed on
May 23, 2005
Sold by
Mancinelli Robert A and Mancinelli Sandra R
Bought by
Kelly Kevin B and Kelly Johnnette D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,105,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Neufeld Donn Ernest $1,275,000 California Title Company
118 38Th Street Llc -- Accommodation
Kelly Kevin B -- Accommodation
118 38Th Street Llc -- None Available
Kelly Kevin B -- None Available
Kelly Kevin B $1,300,000 Ticor Title Company Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neufeld Donn $854,000
Closed Neufeld Donn Ernest $956,250
Previous Owner Kelly Kevin B $1,105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2015 06/15/15 Sold $1,275,000 0.0% $599 / Sq Ft
06/15/2015 06/15/15 Sold $1,275,000 0.0% $599 / Sq Ft
05/03/2015 05/03/15 Pending -- -- --
05/03/2015 05/03/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $1,275,000 0.0% $599 / Sq Ft
04/28/2015 04/28/15 For Sale $1,275,000 0.0% $599 / Sq Ft
04/28/2015 04/28/15 Price Changed $1,275,000 +6.3% $599 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $1,199,000 0.0% $563 / Sq Ft
03/17/2015 03/17/15 Pending -- -- --
03/11/2015 03/11/15 For Sale $1,199,000 -- $563 / 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
2025 $16,349 $1,532,354 $1,478,720 $53,634
2024 $16,349 $1,502,308 $1,449,725 $52,583
2023 $15,963 $1,472,851 $1,421,299 $51,552
2022 $15,695 $1,443,972 $1,393,430 $50,542
2021 $15,322 $1,415,659 $1,366,108 $49,551
2020 $15,174 $1,401,144 $1,352,101 $49,043
2019 $14,864 $1,373,671 $1,325,589 $48,082
2018 $14,568 $1,346,737 $1,299,597 $47,140
2017 $14,311 $1,320,331 $1,274,115 $46,216
2016 $13,991 $1,294,443 $1,249,133 $45,310
2015 $15,376 $1,412,000 $1,361,624 $50,376
2014 $12,993 $1,192,000 $1,141,624 $50,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15090520

California Regional Multiple Listing Service (CRMLS)

APN: 423-323-10