121 Emerald Ave Unit 3 Newport Beach, CA 92662
Balboa Island Neighborhood
4
Beds
4.5
Baths
2,380
Sq Ft
2,550
Sq Ft Lot
Highlights
- Ocean View
- Above Ground Spa
- Open Floorplan
- Abraham Lincoln Elementary School Rated A
- Rooftop Deck
- 3-minute walk to Balboa Island Park
About This Home
As of December 2024New Co-Ownership Opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. The best of Newport Beach living is at your doorstep in this 4-bedroom, 5-bathroom home on Balboa Island's quiet west side. Glass walls in this contemporary Cape Cod open up the first-floor great room to the front patio, perfect for watching passersby a favorite pastime on this friendly island.This home is made for entertaining, thanks to an open-plan main floor with a fireplace, dining area and a gourmet kitchen that opens to a spacious patio with a built-in barbecue. But it's the third-floor rooftop that takes entertaining to new heights. It includes a covered outdoor kitchen and dining area, and an open patio that features a jacuzzi, fire pit and panoramic views of the bay, island and sunset.Take the stairs or the custom artisan glass elevator to four bedrooms on the second floor. The spacious primary has sliding doors to a private balcony and luxurious en suite bathroom with soaking tub. The home comes fully furnished and professionally decorated.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $57,446
Year Built
- Built in 1952 | Remodeled
Lot Details
- 2,550 Sq Ft Lot
- Lot Dimensions are 30x85
Parking
- 2 Car Garage
Property Views
- Ocean
- Harbor
- Catalina
Home Design
- Cape Cod Architecture
- Split Level Home
Interior Spaces
- 2,380 Sq Ft Home
- 2-Story Property
- Elevator
- Open Floorplan
- Furnished
- Gas Fireplace
- Great Room
- Family Room
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Double Convection Oven
- Gas Oven
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Double Vanity
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Above Ground Spa
- Balcony
- Rooftop Deck
- Patio
- Fire Pit
- Built-In Barbecue
Utilities
- Two cooling system units
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Water Purifier
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 050-011-21
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 23, 2021
Sold by
Pac 11 Ca 2021 Llc
Bought by
Pac 11 Ca 2021 Llc
Total Days on Market
20
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
$3,217,500
Outstanding Balance
$2,965,710
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$2,273,290
Purchase Details
Closed on
Feb 18, 2021
Sold by
Callero Christopher A and Callero Melissa P
Bought by
Pac 11 Ca 2021 Llc
Purchase Details
Closed on
May 11, 2018
Sold by
Stonewood Homes Llc
Bought by
Callero Christopher A and Callero Mellssa P
Purchase Details
Closed on
Mar 22, 2017
Sold by
Lipoff Eric G
Bought by
Stonewood Homes Ll
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.3%
Purchase Details
Closed on
Mar 3, 2016
Sold by
Hawkinson John W
Bought by
Lipoff Eric G
Purchase Details
Closed on
Jul 14, 2010
Sold by
Hawkinson William J
Bought by
Hawkinson William
Purchase Details
Closed on
Aug 20, 2009
Sold by
Hawkinson William and Hawkinson Kathleen
Bought by
Hawkinson William and Hawkinson Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
2.77%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Jun 8, 2007
Sold by
Hawksinon William and Hawkinson Kathleen
Bought by
Hawkinson William and Hawkinson Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
5.98%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Jan 20, 2006
Sold by
Hawkinson William J and Hawkinson Kathleen R
Bought by
Hawkinson William and Hawkinson Kathleen
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 |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $4,950,000 | Fidelity Natl Ttl Orange Cnt | |
| Grant Deed | $4,575,000 | Lawyers Title Co | |
| Deed | -- | -- | |
| Grant Deed | $2,020,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Placer Title Company | |
| Interfamily Deed Transfer | -- | United Title Company | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,217,500 | Commercial | |
| Closed | $50,000 | Credit Line Revolving | |
| Previous Owner | $0 | No Value Available | |
| Previous Owner | $1,000,000 | New Conventional | |
| Previous Owner | $938,250 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $544,185 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Closed | $0 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $850,000 | -5.5% | $357 / Sq Ft |
| 12/17/2024 12/17/24 | Pending | -- | -- | -- |
| 11/27/2024 11/27/24 | For Sale | $899,000 | -- | $378 / Sq Ft |
Source: The MLS
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 | $57,446 | $5,252,979 | $4,230,533 | $1,022,446 |
| 2023 | $56,150 | $5,149,980 | $4,147,581 | $1,002,399 |
| 2022 | $55,230 | $5,049,000 | $4,066,255 | $982,745 |
| 2021 | $51,728 | $4,714,844 | $3,776,417 | $938,427 |
| 2020 | $49,491 | $4,666,500 | $3,737,695 | $928,805 |
| 2019 | $48,458 | $4,575,000 | $3,664,406 | $910,594 |
| 2018 | $24,850 | $2,330,918 | $2,201,458 | $129,460 |
| 2017 | $22,044 | $2,060,400 | $1,933,651 | $126,749 |
| 2016 | $2,007 | $165,092 | $107,761 | $57,331 |
| 2015 | $1,984 | $162,613 | $106,143 | $56,470 |
| 2014 | $1,937 | $159,428 | $104,064 | $55,364 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Maehler
Seller's Agent in 2024
Joseph Maehler
Pacaso Inc.
(628) 222-3360
1 in this area
147 Total Sales
Map
Source: The MLS
MLS Number: 24-467607
APN: 050-011-21
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