Seller's Agent in 2023
Carly Zamani
zRE Group
(949) 232-8211
1 in this area
56 Total Sales
124 Agate Ave Newport Beach, CA 92662
Balboa Island Neighborhood
4
Beds
4
Baths
1,546
Sq Ft
2,614
Sq Ft Lot
Highlights
- Marina
- Property has ocean access
- Fishing
- Abraham Lincoln Elementary School Rated A
- Home fronts a seawall
- 2-minute walk to Balboa Island Park
About This Home
As of May 2023The Balboa Island opportunity you have been waiting for is here! Located on a lot zoned for commercial/residential, this modern duplex sits on only half the lot. SO much potential! Each level has two bedrooms and two full bathrooms with quartz countertops and double sinks, step in showers, upgraded doors, modern finishes and all appliances included. The upstairs unit has a small private balcony off the kitchen. This duplex has energy efficient lighting, plumbing, two tankless hot water heaters, two ring doorbells, owned solar panels and off street parking. There is also an adjacent parking spot behind the duplex, off the alley. Both units share an on-site washer & dyer and there is a shed and under-stairs storage for bikes, beach gear and surfboards. It would make a wonderful (and lucrative) rental property or perfect spot to live and build your own business for the residents of this little island community. Balboa Island hosts parades, festivals, garage sales, parties and community events year round. Your new home is located six units from the sand and on the street of the ferry for convenient access. Come live where others vacation or get paid when they do! Welcome Home Indeed.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 2,614 Sq Ft Lot
- Home fronts a seawall
- Property fronts an alley
- No Common Walls
- Northwest Facing Home
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Density is up to 1 Unit/Acre
- Value in Land
Home Design
- Duplex
- Modern Architecture
- Turnkey
- Flat Roof Shape
- Slab Foundation
- Pre-Cast Concrete Construction
- Copper Plumbing
Interior Spaces
- 1,546 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Recessed Lighting
- Double Pane Windows
- Tinted Windows
- Blinds
- Window Screens
- Insulated Doors
- Family Room Off Kitchen
- Storage
Kitchen
- Updated Kitchen
- Open to Family Room
- Breakfast Bar
- Self-Cleaning Oven
- Six Burner Stove
- Gas and Electric Range
- Microwave
- Dishwasher
- Granite Countertops
- Quartz Countertops
- Pots and Pans Drawers
- Self-Closing Drawers
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- Remodeled Bathroom
- Bathroom on Main Level
- 4 Full Bathrooms
- Granite Bathroom Countertops
- Quartz Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Low Flow Toliet
- Walk-in Shower
- Exhaust Fan In Bathroom
- Linen Closet In Bathroom
Laundry
- Laundry Room
- Stacked Washer and Dryer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Tandem Uncovered Parking
- Shared Driveway
- Off-Street Parking
Accessible Home Design
- Doors swing in
- No Interior Steps
- Accessible Parking
Outdoor Features
- Property has ocean access
- Beach Access
- Waterfront with Home Across Road
- Ocean Side of Highway 1
- Living Room Balcony
- Patio
- Exterior Lighting
- Shed
- Rain Gutters
- Rear Porch
Schools
- Abraham Lincoln Elementary School
- Horace Ensign Middle School
- Corona Del Mar High School
Utilities
- Wall Furnace
- Vented Exhaust Fan
- 220 Volts in Kitchen
- Natural Gas Connected
- Tankless Water Heater
Additional Features
- Solar owned by seller
- Across the Road from Lake or Ocean
Listing and Financial Details
- Legal Lot and Block 25 / 9
- Tax Tract Number 99
- Assessor Parcel Number 05005226
- $507 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Island Main Island Subdivision
Recreation
- Marina
- Fishing
- Park
- Dog Park
- Water Sports
- Bike Trail
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/01/2023 05/01/23 | Sold | $2,475,000 | -8.3% | $1,601 / Sq Ft | |
| 04/14/2023 04/14/23 | Pending | -- | -- | -- | |
| 02/08/2023 02/08/23 | Price Changed | $2,700,000 | -10.0% | $1,746 / Sq Ft | |
| 10/20/2022 10/20/22 | For Sale | $2,999,998 | 0.0% | $1,940 / Sq Ft | |
| 07/27/2022 07/27/22 | Rented | $4,800 | +6.7% | -- | |
| 07/18/2022 07/18/22 | Under Contract | -- | -- | -- | |
| 07/15/2022 07/15/22 | For Rent | $4,500 | 0.0% | -- | |
| 09/07/2019 09/07/19 | Rented | $4,500 | 0.0% | -- | |
| 03/21/2019 03/21/19 | Price Changed | $4,500 | -10.0% | $3 / Sq Ft | |
| 11/09/2018 11/09/18 | For Rent | $5,000 | 0.0% | -- | |
| 10/16/2018 10/16/18 | Sold | $1,950,000 | 0.0% | $1,219 / Sq Ft | View Prior Sale |
| 06/27/2018 06/27/18 | Rented | $5,500 | +10.0% | -- | |
| 06/01/2018 06/01/18 | For Rent | $5,000 | 0.0% | -- | |
| 05/29/2018 05/29/18 | Pending | -- | -- | -- | |
| 05/14/2018 05/14/18 | Rented | $5,500 | +10.0% | -- | |
| 04/06/2018 04/06/18 | For Rent | $5,000 | 0.0% | -- | |
| 03/21/2018 03/21/18 | Price Changed | $2,090,000 | -0.2% | $1,306 / Sq Ft | |
| 02/22/2018 02/22/18 | Price Changed | $2,095,000 | -0.2% | $1,309 / Sq Ft | |
| 02/05/2018 02/05/18 | Price Changed | $2,100,000 | -4.5% | $1,313 / Sq Ft | |
| 11/07/2017 11/07/17 | Price Changed | $2,200,000 | -4.3% | $1,375 / Sq Ft | |
| 09/02/2017 09/02/17 | For Sale | $2,298,000 | -- | $1,436 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $29,760 | $2,574,990 | $2,506,168 | $68,822 |
| 2024 | $29,760 | $2,524,500 | $2,457,027 | $67,473 |
| 2023 | $26,876 | $2,269,396 | $2,209,983 | $59,413 |
| 2022 | $21,998 | $2,049,798 | $1,996,747 | $53,051 |
| 2021 | $21,577 | $2,009,606 | $1,957,595 | $52,011 |
| 2020 | $21,442 | $1,989,000 | $1,937,522 | $51,478 |
| 2019 | $21,002 | $1,950,000 | $1,899,531 | $50,469 |
| 2018 | $13,357 | $1,224,000 | $1,167,994 | $56,006 |
| 2017 | $13,123 | $1,200,000 | $1,145,092 | $54,908 |
| 2016 | $3,323 | $277,606 | $263,833 | $13,773 |
| 2015 | $3,288 | $273,437 | $259,870 | $13,567 |
| 2014 | $3,211 | $268,081 | $254,779 | $13,302 |
Source: Public Records
Agents Affiliated with this Home
-
Carly Zamani
-
Richie Dobbs
Buyer's Agent in 2023
Richie Dobbs
RE/MAX
(949) 910-2343
1 in this area
37 Total Sales
-
Kelly Arshi
Buyer Co-Listing Agent in 2023
Kelly Arshi
RE/MAX
(949) 305-6800
1 in this area
176 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,375 Total Sales
-
Nicola Willhoit
Seller's Agent in 2018
Nicola Willhoit
The W Collection, Inc.
(949) 246-4915
23 Total Sales
-
Kirby Ellis
Seller's Agent in 2018
Kirby Ellis
Coldwell Banker Realty
(714) 267-2000
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22222474
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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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