NOT LISTED FOR SALE

120 E Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $3,919,000 - $5,002,882

4 Beds
3.5 Baths
2,582 Sq Ft
$1,743/Sq Ft Est. Value

Last Sold February 10, 2017

Last sale price $2,140,000 $829 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $26,649/month

50 Days on Market

Highlights

  • Marina
  • Ocean View
  • Fishing
  • Newport Elementary School Rated A
  • Built in 2014 | Newly Remodeled
  • Primary Bedroom Suite

About This Home

As of February 2017

Stunning quality custom home completed in November 2014 by Sepulveda Builders. Enjoy ocean and Catalina views while living steps from the beach and the bay. Four bedroom home encompasses three levels with elevator. Large Master suite has peek a boo ocean views and wrap around lanai , master bath includes separate over-sized shower and free standing tub. Second floor includes two additional bedrooms, guest bath, and laundry room with soaking sink. The third floor, fourth bedroom with on suite bath leads to large patio. Fully equipped with outdoor kitchen and fireplace the patio enjoys Catalina and city views. Beautifully crafted custom finishes, an outdoor hot/shower and over-sized garage complete the offering. Property is "grandfathered" for short term rental permit through the City of Newport Beach.

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 08/04/2016

Co-Listed By

Jami Sepulveda

Pacific Sotheby's Int'l Realty License #01464204

Last Buyer's Agent

Sharon Paxson

Coldwell Banker Realty License #01501912

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • 2,100 Sq Ft Lot
  • Wrought Iron Fence
  • Vinyl Fence
  • Stucco Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Parking Available
  • Single Garage Door
  • Garage Door Opener

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights

Home Design

  • Custom Home
  • Contemporary Architecture
  • Spanish Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 2,582 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Skylights
  • Recessed Lighting
  • Raised Hearth
  • Electric Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Insulated Windows
  • Wood Frame Window
  • Window Screens
  • Sliding Doors
  • ENERGY STAR Qualified Doors
  • Insulated Doors
  • Dining Room with Fireplace
  • Bonus Room
  • Utility Room
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Electric Oven
  • Self-Cleaning Oven
  • Six Burner Stove
  • Built-In Range
  • Range Hood
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Walk-In Closet

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Water-Smart Landscaping

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Fireplace in Patio
  • Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Rooftop Access
  • Outdoor Grill
  • Rain Gutters
  • Wrap Around Porch

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Tankless Water Heater
  • Sewer Paid

Additional Features

  • Accessible Elevator Installed
  • Property is near park

Listing and Financial Details

  • Legal Lot and Block 17 / 1
  • Tax Tract Number 219
  • Assessor Parcel Number 04807219

Community Details

Overview

  • No Home Owners Association

Recreation

  • Marina
  • Fishing

Home Details

Home Type

Single Family

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Fire and Smoke Detection System
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Custom Built, Contemporary, Spanish
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04807219
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2582.00 Square Feet
  • Interior Amenities: Balcony, Crown Molding, Elevator, Granite Counters, Recessed Lighting
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: ENERGY STAR Qualified Doors, Insulated Doors, Sliding Doors
  • Eating Area: In Living Room
  • Entry Level: 1
  • Fireplace Features: Dining Room, Electric, Gas, Raised Hearth, Outside, Patio
  • Levels: Three Or More
  • Price Per Square Foot: 828.81
  • Room Type: Bonus Room, Master Suite, Walk-In Pantry, Walk-In Closet, Two Masters, Utility Room
  • Window Features: Double Pane Windows, Insulated Windows, Low Emissivity Windows, Screens, Skylight(s), Wood Frames
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: Catalina, City Lights, Coastline, Ocean
  • Fence: Yes
  • Fencing: Stucco Wall, Vinyl, Wrought Iron
  • Patio And Porch Features: Patio, Roof Top, Wrap Around
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Door Opener, Oversized, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Electric Oven, ENERGY STAR Qualified Appliances, Disposal, Gas Range, High Efficiency Water Heater, Range Hood, Instant Hot Water, Ice Maker, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Forced Air, Fireplace(s)
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Green Water Conservation: Water-Smart Landscaping
  • Efficiency: Appliances

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Park Nearby
  • Lot Size Sq Ft: 2100.00
  • Price Per Lot Square Foot: 1047.14

Multi Family

  • Lease Considered: No
  • Waterfront Features: Fishing in Community, Marina in Community, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • Tax Block: 1
  • Tax Lot: 17
  • Tax Tract Number: 219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2018
Sold by
Paxson Kyle and Paxson Christopher
Bought by
120 Balboa Ave Llc
Current Estimated Value
$4,499,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,215,843
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$3,283,878

Purchase Details

Closed on
Oct 7, 2016
Sold by
Paxson Heather R
Bought by
Paxson Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,423,750
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 3, 2016
Sold by
120 Balboa East Nb Llc
Bought by
Paxson Kyle and Paxson Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,423,750
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 10, 2014
Sold by
Deusterman Jami Lynn
Bought by
120 Balboa East Nb Llc

Purchase Details

Closed on
Mar 18, 2014
Sold by
Deusterman Jami
Bought by
120 Balboa East Nb Llc

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
4.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 14, 2013
Closed on
Oct 29, 2013
Sold by
Starkweather Richard D and Starkweather Stark H
Bought by
Deusterman Jami
Seller's Agent
Deborah Pirdy
Berkshire Hathaway Homeservice
Buyer's Agent
Jami Sepulveda
Pacific Sotheby's Int'l Realty
List Price
$1,150,000
Sold Price
$880,000
Premium/Discount to List
-$270,000
-23.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.35%
Original Mortgage
$700,000
Interest Rate
4.17%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 7, 2009
Sold by
Starkweather Dorothy H
Bought by
Famil Richard D and Starkweather Famil H F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,500
Interest Rate
4.68%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
120 Balboa Ave Llc -- Old Republic Title Co
Paxson Christopher -- None Available
Paxson Kyle -- Western Resources Title Co
Paxson Kyle $2,140,000 Western Resources Title
120 Balboa East Nb Llc -- None Available
Deusterman Jami Lynn -- None Available
120 Balboa East Nb Llc -- Orange Coast Title Co
Deusterman Jami $880,000 California Title Company
Famil Richard D -- First American Title Company
Starkweather Dorothy H -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 120 Balboa Ave Llc $1,400,000
Previous Owner Paxson Kyle $1,423,750
Previous Owner 120 Balboa East Nb Llc $1,260,000
Previous Owner Deusterman Jami $700,000
Previous Owner Starkweather Dorothy H $272,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/10/2017 02/10/17 Sold $2,140,000 -6.9% $829 / Sq Ft
02/03/2017 02/03/17 Price Changed $2,299,000 +4.5% $890 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
09/03/2016 09/03/16 Price Changed $2,199,000 -3.3% $852 / Sq Ft
08/30/2016 08/30/16 Price Changed $2,274,000 +1.1% $881 / Sq Ft
08/04/2016 08/04/16 For Sale $2,249,000 +155.6% $871 / Sq Ft
11/15/2013 11/15/13 Sold $880,000 -7.4% $1,287 / Sq Ft View Prior Sale
10/20/2013 10/20/13 Pending -- -- --
09/28/2013 09/28/13 Price Changed $950,000 -4.5% $1,389 / Sq Ft
08/17/2013 08/17/13 Price Changed $995,000 -13.5% $1,455 / Sq Ft
05/14/2013 05/14/13 For Sale $1,150,000 -- $1,681 / 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 $37,436 $3,590,852 $2,851,414 $739,438
2024 $37,436 $3,520,444 $2,795,504 $724,940
2023 $36,561 $3,451,416 $2,740,690 $710,726
2022 $36,680 $3,383,742 $2,686,951 $696,791
2021 $36,201 $3,317,395 $2,634,266 $683,129
2020 $35,860 $3,283,380 $2,607,255 $676,125
2019 $35,161 $3,219,000 $2,556,132 $662,868
2018 $24,358 $2,182,800 $1,562,150 $620,650
2017 $17,851 $1,560,860 $916,913 $643,947
2016 $17,468 $1,530,255 $898,934 $631,321
2015 $17,328 $1,507,270 $885,432 $621,838
2014 $10,631 $880,000 $868,088 $11,912
Source: Public Records

Agents Affiliated with this Home

  • Tim Carr

    Seller's Agent in 2017

    Tim Carr

    Pacific Sotheby's Int'l Realty

    (949) 230-8454

    3 in this area

    150 Total Sales

    Tim Carr
    Section Image

  • J

    Seller Co-Listing Agent in 2017

    Jami Sepulveda

    Pacific Sotheby's Int'l Realty

    Section Image
  • Sharon Paxson

    Buyer's Agent in 2017

    Sharon Paxson

    Coldwell Banker Realty

    (949) 280-0681

    7 Total Sales

    Sharon Paxson
    Section Image
  • Deborah Pirdy

    Seller's Agent in 2013

    Deborah Pirdy

    Berkshire Hathaway Homeservice

    (949) 675-2156

    9 Total Sales

    Deborah Pirdy
    Section Image

  • J

    Buyer's Agent in 2013

    Jami Deusterman

    Villa Real Estate

    (949) 717-6000

    Jami Deusterman
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16171055

California Regional Multiple Listing Service (CRMLS)

APN: 048-072-19

California Orange County Newport Beach 92661 Central Newport Beach

120 E Balboa Blvd, Newport Beach, CA

Not Listed for Sale

Detached

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