NOT LISTED FOR SALE

Estimated Value: $3,025,000 - $4,076,000

1 Bed
1.5 Baths
1,050 Sq Ft
$3,409/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $2,000,000 $1,905 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $22,338/month

76 Days on Market

Highlights

  • Above Ground Spa
  • Bay View
  • Main Floor Primary Bedroom
  • Abraham Lincoln Elementary School Rated A
  • Wood Flooring
  • Great Room

About This Home

As of February 2014

The "Jewel of Coral Avenue," is a beautifully restored Balboa Island cottage located on the rarely available and highly desirable 100 block of Coral Avenue. This charming quintessential Island cottage is a model-perfect "garden home" with 3 ethereal patios: one in front with South Bayfront views, one interior with 3 sets of French doors leading into the home, and one in the rear with Jacuzzi. The home features walnut floors throughout, marble counter tops in the kitchen and master bathroom, a great room with beamed ceilings and fireplace, an office/den with many custom built-ins, a two -car garage with epoxy floors, and a master bedroom with separate walk-in closet and French doors that open to the tranquil interior patio. 119 Coral was originally 3 bedrooms, but one bedroom has been converted into the office/den and one bedroom into a walk-in closet; could be returned to 3 bedrooms and there are other expansion opportunities. This is the perfect Island home for a small family or anyone wanting a home at one of the best locations on the Island!

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 11/06/2013

Last Buyer's Agent

Rob Norquist

Compass License #01118831

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,169

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • Vinyl Fence

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • Peek-A-Boo

Home Design

  • Cottage
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Recessed Lighting
  • Double Door Entry
  • French Doors
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Six Burner Stove

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Above Ground Spa
  • Concrete Porch or Patio

Additional Features

  • More Than Two Accessible Exits
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 12 / 4
  • Tax Tract Number 100
  • Assessor Parcel Number 05011122

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,169

Year Built

Built in 1938 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cottage
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05011122
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1050.00
  • Interior Amenities: Beamed Ceilings, Built-in Features, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Double Door Entry, French Doors
  • Eating Area: Area
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1904.76
  • Room Type: All Bedrooms Down, Great Room, Main Floor Master Bedroom, Walk-In Closet, Office
  • Spa Features: Above Ground

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, Peek-A-Boo
  • Fence: Yes
  • Fencing: Vinyl
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: Yes
  • Construction Materials: Frame

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 4
  • Tax Lot: 12
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2022
Sold by
Shepherd Family Trust
Bought by
Calacci Garrett
Current Estimated Value
$3,577,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2016
Sold by
Ekstrom Gregory James and Ekstrom Patricia Elena
Bought by
Shepherd Thomas and Shepherd Catherine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 6, 2013
Closed on
Mar 5, 2014
Sold by
Ekstrom Gregory James and Ekstrom Patricia Elena
Bought by
Ekstrom Family Trust
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Rob Norquist
Compass
List Price
$2,095,000
Sold Price
$2,000,000
Premium/Discount to List
-$95,000
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$600,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 6, 2013
Closed on
Jan 27, 2014
Sold by
Pitts John G and Pitts Suzanne Parker
Bought by
Ekstrom Gregory James and Ekstrom Patricia Elena
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Rob Norquist
Compass
List Price
$2,095,000
Sold Price
$2,000,000
Premium/Discount to List
-$95,000
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 23, 2009
Sold by
Pitts John G and Pitts Suzanne Parker
Bought by
Pitts John G and Pitts Suzanne Parker

Purchase Details

Closed on
Aug 5, 2008
Sold by
Fischer Herbert R and Fischer Cheryl F
Bought by
Pitts John Gregory and Pitts Suzanne Parker

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2008
Sold by
Fischer Herbert R and Fischer Cheryl F
Bought by
Fischer Herbert R and Fischer Cheryl F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2006
Sold by
Byers Daniel L and Byers Jill Gerspach
Bought by
Fischer Herbert R and Fischer Cherly F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2004
Sold by
Byers Jill and Byers Jill Gerspach
Bought by
Byers Daniel L and Byers Jill Gerspach

Purchase Details

Closed on
Sep 29, 2003
Sold by
Leggio Laurie Kim
Bought by
Byers Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2001
Sold by
Leggio Laurie Kim
Bought by
Leggio Laurie Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 19, 1997
Sold by
Leggio Schubert Laurie K and Kim Laurie Kim
Bought by
Leggio Laurie Kim

Purchase Details

Closed on
Sep 9, 1997
Sold by
Rivera Martin Amaya
Bought by
Leggio Laurie Kim and Schubert Laurie K Leggio
Source: Public Records

Range of Values:

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Average Value
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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
Calacci Garrett $2,849,000 Fidelity National Title
Shepherd Thomas $2,200,000 First American Title Company
Ekstrom Family Trust -- None Available
Ekstrom Gregory James $2,000,000 Chicago Title Company
Pitts John G -- None Available
Pitts John G -- None Available
Pitts John Gregory $1,950,000 Chicago Title Company
Fischer Herbert R -- None Available
Fischer Herbert R -- None Available
Fischer Herbert R $2,100,000 Chicago Title Co
Byers Daniel L -- --
Byers Jill $1,300,000 Equity Title Company
Leggio Laurie Kim -- --
Leggio Laurie Kim -- Old Republic Title Company
Leggio Laurie Kim -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Calacci Garrett $1,812,000
Closed Calacci Garrett $2,200,000
Previous Owner Shepherd Thomas $1,000,000
Previous Owner Ekstrom Gregory James $600,000
Previous Owner Pitts John Gregory $1,365,000
Previous Owner Fischer Herbert R $1,260,000
Previous Owner Byers Daniel L $200,000
Previous Owner Byers Jill $1,000,000
Previous Owner Leggio Laurie Kim $866,250
Previous Owner Leggio Laurie Kim $200,000
Previous Owner Leggio Laurie Kim $210,000
Closed Byers Jill $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2014 02/28/14 Sold $2,000,000 -4.5% $1,905 / Sq Ft
01/21/2014 01/21/14 Pending -- -- --
11/06/2013 11/06/13 For Sale $2,095,000 -- $1,995 / 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 $34,169 $3,023,380 $2,974,595 $48,785
2024 $34,169 $2,964,099 $2,916,270 $47,829
2023 $33,328 $2,905,980 $2,859,088 $46,892
2022 $25,601 $2,406,020 $2,367,371 $38,649
2021 $25,109 $2,358,844 $2,320,952 $37,892
2020 $24,867 $2,334,657 $2,297,153 $37,504
2019 $24,350 $2,288,880 $2,252,111 $36,769
2018 $23,863 $2,244,000 $2,207,951 $36,049
2017 $22,592 $2,112,490 $2,075,218 $37,272
2016 $22,084 $2,071,069 $2,034,527 $36,542
2015 $21,877 $2,039,960 $2,003,966 $35,994
2014 $21,288 $2,000,000 $1,963,877 $36,123
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP13225650

California Regional Multiple Listing Service (CRMLS)

APN: 050-111-22