Seller's Agent in 2021
Dean Lueck
Compass
(949) 275-1801
1 in this area
144 Total Sales
121 E Edgewater Ave Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $8,310,000 - $9,394,000
4
Beds
3.5
Baths
3,434
Sq Ft
$2,541/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- Wine Cellar
- Newport Elementary School Rated A
- Property has ocean access
- Primary Bedroom Suite
About This Home
As of June 2021BEST VALUE ON THE BAYFRONT-BELOW REPLACEMENT COST! BEST VIEWS! Mesmerizing harbor, city lights and mountains from this recently renovated, corner bayfront home with 45' frontage in a quiet area of the Peninsula. No expense was spared creating this magnificent home of modern coastal architecture using exceptional materials and quality craftsmanship. Enjoy the sandy beach and launch your favorite water toy while enjoying the action of Newport Harbor. Glass entry doors open to a soaring atrium with blue lava stone flooring and iron railing. The Great Room offers dining and entertaining areas with 8” white oak hardwood floors by Gaetano, limestone fireplace and new Fleetwood aluminum doors and windows opening to the stone terrace with Lynx BBQ and fire pit for alfresco dining. Kitchen features Thermador appliances, 240 bottle wine display, cabinetry of exotic Sycamore and Wengy woods, quartz waterfall island, Blue Lava stone counters and mosaic backsplash. Elegant powder room and downstairs office could double as a 4th bedroom. The master suite with covered 240 sf balcony offers “jaw-dropping” views, glowing fireplace and opulent master bath with spa tub over-looking the waterways. 2 secondary bedrooms with en-suite bathrooms as well as a loft. The 575 sf roof top deck offers views in all directions. Central A/C, Sonos, garage epoxy flooring, electric car charger. Electronic shades, new roof and full exterior remodel.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $75,206
Year Built
- Built in 1992 | Remodeled
Lot Details
- 3,150 Sq Ft Lot
- Beach Front
- Home fronts a seawall
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Corner Lot
- Rectangular Lot
- Level Lot
- Sprinkler System
Parking
- 2 Car Direct Access Garage
- Oversized Parking
- Parking Storage or Cabinetry
- Parking Available
Property Views
- Ocean
- Marina
- Coastline
- Bay
- Harbor
- Panoramic
- City Lights
- Canal
- Mountain
- Hills
Home Design
- Contemporary Architecture
- Turnkey
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 3,434 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Chair Railings
- Crown Molding
- Beamed Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Recessed Lighting
- Double Pane Windows
- Plantation Shutters
- Custom Window Coverings
- Blinds
- French Doors
- Wine Cellar
- Great Room
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room
- Home Office
- Loft
- Storage
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Double Oven
- Six Burner Stove
- Built-In Range
- Range Hood
- Recirculated Exhaust Fan
- Microwave
- Ice Maker
- Water Line To Refrigerator
- Dishwasher
- Kitchen Island
- Quartz Countertops
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Remodeled Bathroom
- Stone Bathroom Countertops
- Makeup or Vanity Space
- Dual Vanity Sinks in Primary Bathroom
- Private Water Closet
- Hydromassage or Jetted Bathtub
- Multiple Shower Heads
- Separate Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry on upper level
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Balcony
- Covered Patio or Porch
- Terrace
- Fire Pit
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Location
- Property is near a park
- Property is near public transit
Schools
- Newport Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Forced Air Heating and Cooling System
- 220 Volts in Garage
- Natural Gas Connected
- Tankless Water Heater
- Water Softener
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 33 / A
- Tax Tract Number 220
- Assessor Parcel Number 04806201
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Park
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2020
Closed on
May 3, 2021
Sold by
Sherman Scott B and Sherman Marta E
Bought by
Crimsonco Llc
Seller's Agent
Dean Lueck
Compass
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$7,500,000
Sold Price
$6,700,000
Premium/Discount to List
-$800,000
-10.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,721,621
Avg. Annual Appreciation
6.51%
Original Mortgage
$4,300,000
Outstanding Balance
$3,264,820
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$5,460,147
Purchase Details
Closed on
Feb 20, 2020
Sold by
Sturtevant Ronald I and Sturtevant Family Trust
Bought by
Sturtevant Bruce E and Sturtevant Robert G
Purchase Details
Listed on
Aug 15, 2013
Closed on
Feb 25, 2014
Sold by
The Birney Family Livings 1989 Trust
Bought by
Sherman Family Revocable Trust
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
John Russo
Metro Property Solutions
List Price
$6,200,000
Sold Price
$4,155,000
Premium/Discount to List
-$2,045,000
-32.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%
Original Mortgage
$2,700,750
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 10, 2003
Sold by
The Birney Family Living 1989 Trust
Bought by
Birney Michael and Birney Marcia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.87%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Apr 9, 1997
Sold by
Manderson Mark S
Bought by
Birney Michael T and Briney Marcia L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.86%
Purchase Details
Closed on
Mar 21, 1997
Sold by
Conner Leslee
Bought by
Manderson Mark S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.86%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Crimsonco Llc | $6,700,000 | Fidelity National Title | |
| Sturtevant Bruce E | -- | None Available | |
| Sherman Family Revocable Trust | $4,155,000 | Lawyers Title Company | |
| Birney Michael | -- | Fidelity National Title | |
| Birney Michael T | -- | Fidelity National Title | |
| Birney Michael T | $1,350,000 | First American Title | |
| Manderson Mark S | -- | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Crimsonco Llc | $4,300,000 | |
| Previous Owner | Sherman Family Revocable Trust | $2,700,750 | |
| Previous Owner | Birney Michael | $2,000,000 | |
| Previous Owner | Birney Michael T | $1,000,000 | |
| Closed | Birney Michael | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2021 06/11/21 | Sold | $6,700,000 | -4.2% | $1,951 / Sq Ft |
| 04/26/2021 04/26/21 | Pending | -- | -- | -- |
| 04/07/2021 04/07/21 | Price Changed | $6,995,000 | -4.1% | $2,037 / Sq Ft |
| 02/09/2021 02/09/21 | Price Changed | $7,295,000 | -2.7% | $2,124 / Sq Ft |
| 11/05/2020 11/05/20 | For Sale | $7,500,000 | +80.5% | $2,184 / Sq Ft |
| 04/24/2014 04/24/14 | Sold | $4,155,000 | -7.6% | $1,277 / Sq Ft |
| 03/30/2014 03/30/14 | Pending | -- | -- | -- |
| 02/15/2014 02/15/14 | Price Changed | $4,495,000 | -19.7% | $1,382 / Sq Ft |
| 09/23/2013 09/23/13 | Price Changed | $5,600,000 | -9.7% | $1,721 / Sq Ft |
| 08/15/2013 08/15/13 | For Sale | $6,200,000 | -- | $1,906 / 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 |
|---|---|---|---|---|
| 2025 | $75,206 | $7,252,294 | $6,785,765 | $466,529 |
| 2024 | $75,206 | $7,110,093 | $6,652,711 | $457,382 |
| 2023 | $73,454 | $6,970,680 | $6,522,266 | $448,414 |
| 2022 | $72,246 | $6,834,000 | $6,394,378 | $439,622 |
| 2021 | $18,634 | $1,736,481 | $1,622,684 | $113,797 |
| 2020 | $18,382 | $1,718,676 | $1,606,045 | $112,631 |
| 2019 | $18,001 | $1,684,977 | $1,574,554 | $110,423 |
| 2018 | $17,642 | $1,651,939 | $1,543,681 | $108,258 |
| 2017 | $17,329 | $1,619,549 | $1,513,413 | $106,136 |
| 2016 | $16,939 | $1,587,794 | $1,483,739 | $104,055 |
| 2015 | $16,793 | $1,563,944 | $1,461,452 | $102,492 |
| 2014 | $19,118 | $1,793,642 | $1,427,206 | $366,436 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Tara McNabb
Compass
(949) 500-3910
18 in this area
100 Total Sales
-
Buyer's Agent in 2021
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
19 in this area
130 Total Sales
-
Seller's Agent in 2014
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
6 in this area
46 Total Sales
-
Seller Co-Listing Agent in 2014
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
8 in this area
70 Total Sales
-
J
Buyer's Agent in 2014
John Russo
Metro Property Solutions
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20230018
APN: 048-062-01
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