NOT LISTED FOR SALE

Estimated Value: $5,157,000 - $8,375,000

3 Beds
3 Baths
-- Sq Ft
2,650 Sq Ft Lot

Last Sold November 12, 2012

Last sale price $5,950,000

Est. 16% increase in value since last sale

Current estimated payment $43,161/month

26 Days on Market

Highlights

  • Bay View
  • Craftsman Architecture
  • Forced Air Heating System
  • Abraham Lincoln Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Balboa Island Park

About This Home

As of November 2012

This rare bay front opportunity sits on the highly coveted southwest tip of Balboa Island with views of the turning basin, Lido, Bay, Harbor, and Collins Islands, plus great sunsets! A large slip with room for multiple boats--one up to 60' in length, and an elevated outdoor dining deck is immediately out front. Inside enjoy an open floor plan with great room, 10' ceilings, and a 2-story, light filled dining room. The master retreat upstairs enjoys privacy and superior harbor views from the bed and bathtub! Two additional bedrooms, a loft/den, plus a downstairs office/study with extensive custom woodwork round out the property. The best of Balboa Island lifestyle is on display here for your discerning buyer. Buyer to verify lot size, square footage, lenght of boat dock and age of structure.

Last Agent to Sell the Property

Keith Randle

Keith Randle, Broker License #00993898 Listed on: 10/06/2012

Last Buyer's Agent

Steve Morton

Irvine Ranch Realty License #01128445

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $77,802

Year Built

  • Built in 1986

Lot Details

  • 2,650

Parking

  • 2 Car Garage
  • Rear-Facing Garage

Property Views

  • Bay
  • Harbor

Home Design

  • Craftsman Architecture

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Sewer Paid

Additional Features

  • Fireplace With Gas Starter
  • 2,650 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1
  • Assessor Parcel Number 05001105

Home Details

Home Type

Single Family

Est. Annual Taxes

$77,802

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 949-640-3688
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island
  • View: Yes
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05001105
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Starter
  • Levels: Two

Exterior Features

  • Patio: No
  • View: Bay, Harbor
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 2650.00
  • Lot Size Acres: 0.0610

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2650.0000 Square Feet

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2015
Sold by
Cupps Michael Scott and Cupps Wendy Woodward
Bought by
Non Principal Property Trust and Cupps Wendy Woodward
Current Estimated Value
$6,884,115

Purchase Details

Listed on
Oct 6, 2012
Closed on
Oct 23, 2012
Sold by
Ragan Terry
Bought by
Cupps Michael Scott and Cupps Wendy Woodward
Seller's Agent
Keith Randle
Keith Randle, Broker
Buyer's Agent
Steve Morton
Irvine Ranch Realty
List Price
$6,195,000
Sold Price
$5,950,000
Premium/Discount to List
-$245,000
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.60%

Purchase Details

Closed on
May 26, 2004
Sold by
Diana Lane Lp
Bought by
Ragan Terry

Purchase Details

Closed on
Apr 2, 1998
Sold by
Black Connie A and Se Black Connie A
Bought by
Ragan Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.95%

Purchase Details

Closed on
Sep 14, 1994
Sold by
Black Connie A and Will Connie A
Bought by
Black Connie A and Connie A Black Separate Property Trust
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
Non Principal Property Trust -- None Available
Cupps Michael Scott $5,950,000 Equity Title Orange County-I
Ragan Terry -- First American Title Co
Ragan Terry $2,300,000 --
Black Connie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ragan Terry $4,015,000
Previous Owner Ragan Terry $2,750,000
Previous Owner Ragan Terry $1,000,000
Previous Owner Ragan Terry $2,400,000
Previous Owner Ragan Terry $1,350,000
Previous Owner Ragan Terry $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2012 11/12/12 Sold $5,950,000 -4.0% --
11/01/2012 11/01/12 Pending -- -- --
10/06/2012 10/06/12 For Sale $6,195,000 -- --
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 $77,802 $7,326,996 $6,465,002 $861,994
2024 $77,802 $7,183,330 $6,338,237 $845,093
2023 $76,023 $7,042,481 $6,213,958 $828,523
2022 $74,788 $6,904,394 $6,092,116 $812,278
2021 $73,384 $6,769,014 $5,972,663 $796,351
2020 $70,897 $6,699,607 $5,911,421 $788,186
2019 $69,413 $6,568,243 $5,795,511 $772,732
2018 $68,024 $6,439,454 $5,681,873 $757,581
2017 $66,818 $6,313,191 $5,570,464 $742,727
2016 $65,309 $6,189,403 $5,461,239 $728,164
2015 $64,700 $6,096,433 $5,379,206 $717,227
2014 $63,173 $5,977,013 $5,273,835 $703,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12003948

California Regional Multiple Listing Service (CRMLS)

APN: 050-011-05