NOT LISTED FOR SALE

1205 Park Ave Newport Beach, CA 92662

Balboa Island Neighborhood
5 Beds
4 Baths
2,900 Sq Ft
2,900 Sq Ft Lot

Last Sold December 01, 2015

Last sale price $2,150,000 $741 Per Sq Ft

68 Days on Market

Highlights

  • Marina
  • Guest House
  • Ocean Side of Highway 1
  • Abraham Lincoln Elementary School Rated A
  • Art Studio
  • Cape Cod Architecture

About This Home

As of December 2015

Just a few blocks from the sands of Balboa Island in Newport Beach, this classic Cape Cod-inspired residence blends today’s preferred appointments with iconic architectural style. Completely turnkey, the home resides on a premium corner homesite and features a guest house in the back. The main residence presents beamed ceilings, a classic wood-burning fireplace, a brick patio that is ideal for socializing, wood floors, wainscoting, crown molding, recessed lighting, built-ins, ceiling fans and designer paint. A pair of baths have been elegantly upgraded, and three bright and inviting bedrooms are featured. The main kitchen boasts stainless steel appliances and a separate dining room. The guest house is ideal for permanent residents, overnight guests, in-laws or staff and includes 2 bedrooms, 2 baths, a private entrance, wood floors and a handsome fireplace. Grounds offer a private BBQ area, and the residence is an easy walk to beaches, the Balboa Island Fairy, shops, restaurants and so much more.

Last Agent to Sell the Property

Kristin Halton

Douglas Elliman Of California License #01257593 Listed on: 07/16/2015

Douglas Elliman Of California

Last Buyer's Agent

Ryan Gunderson

Arbor Real Estate License #01869795

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 2,900 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Fence is in good condition
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 1 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener
  • On-Street Parking
  • Parking Lot

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • English Architecture
  • French Architecture
  • Cottage
  • Patio Home
  • Turnkey

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Beamed Ceilings
  • Two Story Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Wood Burning Fireplace
  • Gas Fireplace
  • Plantation Shutters
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Dining Room with Fireplace
  • Den
  • Bonus Room
  • Art Studio
  • Wood Flooring
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Six Burner Stove
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Upper Level Bedrooms
  • Maid or Guest Quarters
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

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

Outdoor Features

  • Ocean Side of Highway 1
  • Balcony
  • Exterior Lighting
  • Shed
  • Outdoor Grill
  • Rain Gutters

Additional Homes

  • Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating and Cooling System
  • Phone Not Available

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 17
  • Tax Tract Number 101
  • Assessor Parcel Number 05017101

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Marina

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,400
  • Insurance Expense $150
  • Trash Expense $360
  • Water Sewer Expense $960
  • New Taxes Expense $23,890
  • Gross Income $2,700
  • Net Operating Income $2,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Fire and Smoke Detection System, Security System, Wired for Alarm System
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Architectural Style: Contemporary, Cottage, Cape Cod, English, French
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 05017101
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), Wired for Data, Recessed Lighting, Stone Counters, Wired for Sound, Track Lighting, Two Story Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Dining Room, Family Room, Gas, Guest House, Gas Starter, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 741.38
  • Room Type: Art Studio, All Bedrooms Up, Bonus Room, Den, Guest/Maid's Quarters, Great Room, Living Room, Master Bedroom
  • Window Features: Plantation Shutters

Exterior Features

  • Other Structures: Guest House, Shed(s)
  • Exterior Features: Barbecue Private
  • View: Neighborhood
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Covered, Garage Faces Front, Direct Garage Access, Garage, Garage Door Opener, Parking Space, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Phone Not Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Dishwasher, Freezer, Disposal, Gas Oven, Ice Maker, Microwave
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, In Closet, In Garage, Inside, Washer Hookup
  • Trash Expense: 360.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Level with Street, Patio Home, Paved, Corner Lot, Walkstreet
  • Lot Size Sq Ft: 2900.00
  • Price Per Lot Square Foot: 741.38
  • Lot Size Acres: 0.0670

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 2700.00
  • Gross Scheduled Income: 3000.00
  • Insurance Expense: 150.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2900.0000 Square Feet
  • Net Operating Income: 2700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 10.00
  • Other Income Description: Including back Unit income
  • Rent Control: No
  • Waterfront Features: Marina in Community, Ocean Side Of Highway 1, Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 23890.00
  • Tax Lot: 17
  • Tax Tract Number: 101

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2015 12/01/15 Sold $2,150,000 -10.3% $741 / Sq Ft
09/22/2015 09/22/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $2,398,000 -- $827 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristin Halton

    Seller's Agent in 2015

    Kristin Halton

    Douglas Elliman Of California

    (949) 433-3634

    1 in this area

    75 Total Sales

    Section Image

  • R

    Buyer's Agent in 2015

    Ryan Gunderson

    Arbor Real Estate

    (949) 673-3444

    69 in this area

    104 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15155347

California Regional Multiple Listing Service (CRMLS)

APN: 050-171-01

California Orange County Newport Beach 92662 Balboa Island

1205 Park Ave, Newport Beach, CA

This home is located at 1205 Park Ave, Newport Beach, CA 92662 since 16 July 2015. This property was built in 1956. 1205 Park Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

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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