NOT LISTED FOR SALE

120 Grand Canal Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $4,676,000 - $6,342,913

6 Beds
3 Baths
1,579 Sq Ft
$3,512/Sq Ft Est. Value

Last Sold April 06, 2015

Last sale price $2,550,000 $1,615 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $34,616/month

12 Days on Market

Highlights

  • Private Dock Site
  • Bay View
  • Main Floor Primary Bedroom
  • Abraham Lincoln Elementary School Rated A
  • Deck
  • No HOA

About This Home

As of April 2015

RARE COTTAGE DUPLEX IN THE 100 BLOCK OF THE GRAND CANAL ON PEACEFUL AND SERENE LITTLE BALBOA ISLAND! Direct waterfront and boardwalk location on the Grand Canal with incredible views to the South Bayfront and Little Island bridge. The vintage cottage has 4 bedrooms and 2 baths with a beamed, high ceilinged, living room. There is a sunny oversized brick patio in front as well as a high tide pier for an 18 foot boat. A bright two-bedroom apartment with large deck area is located on 2nd level. 120 Grand Canal is an outstanding opportunity for a buyer seeking a great waterfront location on Balboa Island for under $3,000,000.

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 02/08/2015

Last Buyer's Agent

Marlene Reed

Coastal Dwellings License #01901840

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,897

Year Built

  • Built in 1950

Lot Details

  • 2,614 Sq Ft Lot
  • Wrought Iron Fence
  • Property is zoned r1.5

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Bay
  • Canal

Home Design

  • Cottage
  • Fixer Upper
  • Shingle Roof
  • Wood Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,579 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Outdoor Features

  • Private Dock Site
  • Docks
  • Deck
  • Brick Porch or Patio
  • Exterior Lighting

Additional Features

  • More Than Two Accessible Exits
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 20 / 1
  • Tax Tract Number 103
  • Assessor Parcel Number 05018104

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,897

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: Yes
  • Zoning: r1.5
  • Architectural Style: Cottage
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05018104
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1579.00
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Accessibility Features: 2+ Access Exits
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 6
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1614.95
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Patio: Yes
  • Exterior Features: Dock Private
  • View: Bay, Canal, Water
  • Fence: Yes
  • Fencing: Wrought Iron
  • Patio And Porch Features: Brick, Deck
  • Pool Private: No
  • Roof: Shingle, Wood
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

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: 2
  • Number Of Units Total: 2
  • Waterfront Features: Includes Dock

Tax Info

  • Tax Block: 1
  • Tax Lot: 20
  • Tax Tract Number: 103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2016
Sold by
Adelsberg Saul J and Adelsberg Dawn M
Bought by
Adelsberg Saul J and Adelsberg Dawn M
Total Days on Market
12
Current Estimated Value
$5,544,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$282,398
Interest Rate
3.58%
Mortgage Type
Unknown
Estimated Equity
$5,262,330

Purchase Details

Listed on
Feb 8, 2015
Closed on
Feb 26, 2015
Sold by
Balboa Canal Properties Llc
Bought by
Adelsberg Saul J and Adelsberg Dawn M
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Marlene Reed
Coastal Dwellings
List Price
$2,695,000
Sold Price
$2,550,000
Premium/Discount to List
-$145,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$1,700,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2014
Sold by
The Mitchell & Judith Feinstein Family T
Bought by
Balboa Canal Properties Llc

Purchase Details

Closed on
Jan 3, 2014
Sold by
The Stanley Zimmerman Trust Of 1978
Bought by
Balboa Canal Properties Llc

Purchase Details

Closed on
May 14, 1999
Sold by
Crosson Thomas E and Crosson Kevin
Bought by
Stanley Zimmerman Trust and Mitchell & Judith Feinstein Family Trust

Purchase Details

Closed on
Feb 10, 1995
Sold by
Crosson Betty Louise and Crosson Thomas Edward
Bought by
Crosson Betty Louise and Crosson Thomas Edward

Purchase Details

Closed on
Feb 23, 1993
Sold by
Crosson Mimi Elaine
Bought by
Crosson Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.98%
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
Adelsberg Saul J -- None Available
Adelsberg Saul J $2,550,000 Lawyers Title
Balboa Canal Properties Llc -- None Available
Balboa Canal Properties Llc -- None Available
Stanley Zimmerman Trust $280,000 --
Crosson Betty Louise -- --
Crosson Thomas E -- Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adelsberg Saul J $350,000
Open Adelsberg Saul J $1,530,000
Closed Adelsberg Saul J $1,700,000
Previous Owner Crosson Thomas E $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2015 04/06/15 Sold $2,550,000 -5.4% $1,615 / Sq Ft
02/20/2015 02/20/15 Pending -- -- --
02/08/2015 02/08/15 For Sale $2,695,000 -- $1,707 / 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
2024 $41,897 $3,937,319 $2,953,072 $984,247
2023 $40,915 $3,860,117 $2,895,168 $964,949
2022 $40,237 $3,784,429 $2,838,400 $946,029
2021 $39,464 $3,710,225 $2,782,745 $927,480
2020 $39,085 $3,672,182 $2,754,212 $917,970
2019 $38,272 $3,600,179 $2,700,208 $899,971
2018 $37,507 $3,529,588 $2,647,263 $882,325
2017 $31,020 $2,907,369 $2,595,356 $312,013
2016 $27,582 $2,588,887 $2,544,467 $44,420
2015 $27,395 $2,550,000 $2,506,247 $43,753
2014 $2,418 $180,010 $155,950 $24,060
Source: Public Records

Agents Affiliated with this Home

  • Don Abrams

    Seller's Agent in 2015

    Don Abrams

    Abrams Coastal Properties

    (714) 325-9055

    68 in this area

    95 Total Sales

    Don Abrams
    Section Image
  • Marlene Reed

    Buyer's Agent in 2015

    Marlene Reed

    Coastal Dwellings

    (949) 463-4880

    20 Total Sales

    Marlene Reed
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15027351

California Regional Multiple Listing Service (CRMLS)

APN: 050-181-04

California Orange County Newport Beach 92662 Balboa Island

120 Grand Canal, Newport Beach, CA

This home is located at 120 Grand Canal, Newport Beach, CA 92662 since 08 February 2015 and is currently estimated at $5,544,728, approximately $3,511 per square foot. This property was built in 1950. 120 Grand Canal is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and Our Lady Queen Of Angels.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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