1216 W Oceanfront Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $7,032,508 - $8,964,000
4
Beds
3.5
Baths
3,500
Sq Ft
$2,333/Sq Ft
Est. Value
Highlights
- Beach Front
- White Water Ocean Views
- In Ground Spa
- Newport Elementary School Rated A
- Property has ocean access
- 2-minute walk to Newport Beach Playground
About This Home
As of November 2013Stunning oceanfront estate located on the boardwalk in Newport Beach with endless Pacific ocean and Catalina Island views. This is the perfect opportunity to live the finest Newport Beach lifestyle to make lasting memories with friends and family. Completely remodeled, this gorgeous home offers 3500 square feet of living space including 4 bedrooms and 4 bathrooms plus additional den/office, gourmet kitchen, family room, living room and dining area. Nearly every room affords fantastic ocean views and the rare spacious, private patio offers a serene calming setting with spa, fireplace and foliage. This is the optimal home to take full advantage of beach living at its best!
Last Agent to Sell the Property
Coldwell Banker Realty License #01346878 Listed on: 03/05/2013
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $64,256
Year Built
- Built in 1927 | Remodeled
Lot Details
- 3,735 Sq Ft Lot
- Beach Front
Parking
- 3 Car Direct Access Garage
- Parking Available
Property Views
- White Water Ocean
- Coastline
- Catalina
Home Design
- Copper Plumbing
Interior Spaces
- 3,500 Sq Ft Home
- Open Floorplan
- Recessed Lighting
- Family Room with Fireplace
- Family Room Off Kitchen
- Living Room
- Home Office
- Wood Flooring
- Laundry Room
Kitchen
- Updated Kitchen
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Walk-In Closet
Outdoor Features
- In Ground Spa
- Property has ocean access
- Fireplace in Patio
- Brick Porch or Patio
- Outdoor Fireplace
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 234
- Assessor Parcel Number 04724117
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2013
Closed on
Oct 22, 2013
Sold by
The Michael A & Sonja Saltman Living Tru
Bought by
Ball Sterling Conley and The Sterling & Stacey Ball Family Trust
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Braden Beauchamp
Compass
List Price
$6,199,000
Sold Price
$5,000,000
Premium/Discount to List
-$1,199,000
-19.34%
Total Days on Market
210
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
$3,164,377
Avg. Annual Appreciation
4.48%
Original Mortgage
$2,500,000
Interest Rate
4.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 9, 2003
Sold by
Saltman Michael and Saltman Sonja
Bought by
Saltman Michael A and Saltman Sonja
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,499,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 28, 1999
Sold by
Applebee William K and Applebee Lisa M
Bought by
Saltman Michael and Saltman Sonja
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.5%
Purchase Details
Closed on
Feb 24, 1997
Sold by
Applebee William K and Applebee Lisa M
Bought by
Applebee William K and Applebee Lisa M
Purchase Details
Closed on
Mar 26, 1996
Sold by
Gilbert Clifton C
Bought by
Applebee William K and Applebee Lisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.41%
Mortgage Type
Seller Take Back
Similar Homes in the area
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 |
|---|---|---|---|
| Ball Sterling Conley | $5,000,000 | Chicago Title Company | |
| Saltman Michael A | -- | Fidelity National Title Co | |
| Saltman Michael | $2,150,000 | Lawyers Title Company | |
| Applebee William K | -- | -- | |
| Applebee William K | $850,000 | Guardian Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ball Sterling Conley | $2,393,000 | |
| Closed | Ball Sterling Conley | $2,500,000 | |
| Previous Owner | Saltman Michael A | $6,000,000 | |
| Previous Owner | Saltman Michael A | $1,499,000 | |
| Previous Owner | Saltman Michael A | $1,499,000 | |
| Previous Owner | Saltman Michael | $1,480,000 | |
| Previous Owner | Saltman Michael | $1,500,000 | |
| Previous Owner | Applebee William K | $500,000 | |
| Closed | Applebee William K | $270,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2013 11/08/13 | Sold | $5,000,000 | -9.1% | $1,429 / Sq Ft |
| 10/02/2013 10/02/13 | Price Changed | $5,499,000 | -8.3% | $1,571 / Sq Ft |
| 08/09/2013 08/09/13 | Price Changed | $5,995,000 | -3.3% | $1,713 / Sq Ft |
| 03/05/2013 03/05/13 | For Sale | $6,199,000 | -- | $1,771 / 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 |
|---|---|---|---|---|
| 2024 | $64,256 | $6,009,131 | $5,607,414 | $401,717 |
| 2023 | $63,209 | $5,891,305 | $5,497,464 | $393,841 |
| 2022 | $62,045 | $5,775,790 | $5,389,671 | $386,119 |
| 2021 | $61,191 | $5,662,540 | $5,283,991 | $378,549 |
| 2020 | $60,612 | $5,604,478 | $5,229,810 | $374,668 |
| 2019 | $59,388 | $5,494,587 | $5,127,265 | $367,322 |
| 2018 | $58,355 | $5,386,850 | $5,026,730 | $360,120 |
| 2017 | $57,342 | $5,281,226 | $4,928,167 | $353,059 |
| 2016 | $56,091 | $5,177,673 | $4,831,536 | $346,137 |
| 2015 | $55,858 | $5,099,900 | $4,758,962 | $340,938 |
| 2014 | $54,558 | $5,000,000 | $4,665,740 | $334,260 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Smith
Seller's Agent in 2013
Tim Smith
Coldwell Banker Realty
(949) 717-4711
13 in this area
717 Total Sales
-
Braden Beauchamp
B
Buyer's Agent in 2013
Braden Beauchamp
Compass
-
A
Buyer Co-Listing Agent in 2013
Allison Shim
HOM Sotheby's International Re
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP13036951
APN: 047-241-17
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