120 E Balboa Blvd Newport Beach, CA 92661
Central Newport Beach Neighborhood
1
Bed
1
Bath
684
Sq Ft
2,178
Sq Ft Lot
Highlights
- Ocean Side of Highway 1
- No HOA
- 1-Story Property
- Newport Elementary School Rated A
- Cooling System Mounted To A Wall/Window
About This Home
As of February 2017Classic beach cottage with a wonderful location across the street from the ocean! Walk to the Balboa Ferry, Pier, Yacht Club, surf spots, shops, restaurants, etc. This location is on the quiet end of the Peninsula. The property has been in the family for over 40 years and could be remodeled or a development opportunity. Buyer to verify with the City of Newport Beach all building possibilities. Property is currently occupied by month-to-month tenant. 24 hour notice required for showings. Submit all offers!
Information obtained from the City of Newport Beach Building Department is as follows:
R1 Buildable Area - no rezoning.
Height Restrictions = 24' Flat Roof; 29' Sloped Roof (minimum slope 3:12)
Lot Size = 30'x70'
Setbacks = Front 9'; Sides 3'; Rear 5'.
Allowable buildable area = 2688 sf.
Buyer to verify all information with City of Newport Beach Building Department.
Last Agent to Sell the Property
Berkshire Hathaway Homeservice License #01231770 Listed on: 05/14/2013
Last Buyer's Agent
Jami Sepulveda
Pacific Sotheby's Int'l Realty License #01464204
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $37,436
Year Built
- Built in 1920
Lot Details
- 2,178 Sq Ft Lot
- Value in Land
Interior Spaces
- 684 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Additional Features
- Ocean Side of Highway 1
- Cooling System Mounted To A Wall/Window
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 17
- Tax Tract Number 219
- Assessor Parcel Number 04807219
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
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
Interest Rate
4.5%
Mortgage Type
New Conventional
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
15.68%
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
Similar Homes in Newport Beach, CA
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 | -- | Old Republic Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Western Resources Title Co | |
| Grant Deed | $2,140,000 | Western Resources Title | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Orange Coast Title Co | |
| Grant Deed | $880,000 | California Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,353,000 | New Conventional | |
| Closed | $1,400,000 | New Conventional | |
| Previous Owner | $1,423,750 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,650,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $1,260,000 | Purchase Money Mortgage | |
| Previous Owner | $700,000 | Balloon | |
| Previous Owner | $272,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 | $37,436 | $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
-
Seller's Agent in 2017
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
3 in this area
158 Total Sales
-
J
Seller Co-Listing Agent in 2017
Jami Sepulveda
Pacific Sotheby's Int'l Realty
-
Buyer's Agent in 2017
Sharon Paxson
Coldwell Banker Realty
(949) 280-0681
6 Total Sales
-
Seller's Agent in 2013
Deborah Pirdy
Berkshire Hathaway Homeservice
(949) 422-8550
8 Total Sales
-
J
Buyer's Agent in 2013
Jami Deusterman
Villa Real Estate
(949) 717-6000
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP13089716
APN: 048-072-19
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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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