NOT LISTED FOR SALE

127 Agate Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $3,689,993

7 Beds
7 Baths
3,500 Sq Ft
$1,054/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $3,500,000 $1,000 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $21,422/month

Highlights

  • Fishing
  • Peek-A-Boo Views
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A
  • No HOA
  • 1-minute walk to Balboa Island Park

About This Home

As of March 2024

Sold off-market. Inputted for comp purposes.

Last Agent to Sell the Property

Matthew Tutton

Compass License #02134226 Listed on: 04/01/2024

Compass

Co-Listed By

Janelle File

Compass License #01952433

Last Buyer's Agent

Mike Gaines

Compass License #02140817

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,226

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Peek-A-Boo Views
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 16 / 7
  • Tax Tract Number 99
  • Assessor Parcel Number 05004325

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Balboa Island Main Island Subdivision

Recreation

  • Fishing
  • Bike Trail

Additional Features

  • Laundry Facilities
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,226

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Price Per Unit: 1166667
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 05004325
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 1000.00

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: 7
  • Tax Lot: 16
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Mar 27, 2024
Sold by
Elliott Wade
Bought by
Pinwood 127 Llc
Seller's Agent
Matthew Tutton
Compass
Buyer's Agent
Mike Gaines
Compass
List Price
$3,500,000
Sold Price
$3,500,000
Current Estimated Value
$3,689,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,993
Avg. Annual Appreciation
2.79%

Purchase Details

Listed on
May 27, 2020
Closed on
Jul 29, 2020
Sold by
Elliott Lisa Ann
Bought by
Elliott Wade
Seller's Agent
Kristy Holt
Coastline Estates
Buyer's Agent
Kristy Holt
Coastline Estates
List Price
$1,999,000
Sold Price
$1,875,000
Premium/Discount to List
-$124,000
-6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.87%
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2020
Sold by
Sibley David Scott and Sibley Susan E
Bought by
Elliott Wade

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
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2020
Sold by
Sibley David S and Sibley Susan E
Bought by
Sibley David S and Sibley Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2013
Sold by
Wooten Susie L
Bought by
Wooten Susie L

Purchase Details

Closed on
Sep 10, 2010
Sold by
Wooten Stanley James
Bought by
Wooten Susie L

Purchase Details

Closed on
Dec 2, 2009
Sold by
Wooten Susie Lorraine and Wooten Stanley James
Bought by
Wooten Susie L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pinwood 127 Llc $3,500,000 Orange Coast Title Company
Elliott Wade -- Chicago Title Company
Elliott Wade $1,875,000 Chicago Title Company
Sibley David S -- None Available
Sibley David S -- None Available
Wooten Susie L -- None Available
Wooten Susie L -- None Available
Wooten Susie L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elliott Wade Drury $1,650,000
Previous Owner Elliott Wade $500,000
Previous Owner Elliott Wade $940,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 For Sale $3,500,000 0.0% $1,000 / Sq Ft
03/29/2024 03/29/24 Sold $3,500,000 +86.7% $1,000 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
08/21/2020 08/21/20 Sold $1,875,000 -1.3% $536 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
06/08/2020 06/08/20 Price Changed $1,900,000 -5.0% $543 / Sq Ft
05/27/2020 05/27/20 For Sale $1,999,000 -- $571 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $23,226 $3,570,000 $3,459,370 $110,630
2024 $23,226 $1,989,765 $1,904,869 $84,896
2023 $22,713 $1,950,750 $1,867,518 $83,232
2022 $22,352 $1,912,820 $1,830,900 $81,920
2021 $21,885 $1,875,320 $1,795,000 $80,320
2020 $1,793 $130,346 $97,503 $32,843
2019 $1,765 $127,797 $95,591 $32,206
2018 $1,732 $125,288 $93,717 $31,571
2017 $1,703 $122,848 $91,879 $30,969
2016 $1,668 $120,446 $90,077 $30,369
2015 $1,649 $118,652 $88,724 $29,928
2014 $1,611 $116,335 $86,986 $29,349
Source: Public Records

Agents Affiliated with this Home

  • Matthew Tutton

    Seller's Agent in 2024

    Matthew Tutton

    Compass

    (949) 744-3462

    1 in this area

    29 Total Sales

    Matthew Tutton
    Section Image
  • Janelle File

    Seller Co-Listing Agent in 2024

    Janelle File

    Compass

    (949) 466-5661

    3 in this area

    120 Total Sales

    Janelle File
    Section Image
  • Mike Gaines

    Buyer's Agent in 2024

    Mike Gaines

    Compass

    (714) 458-0612

    1 in this area

    11 Total Sales

    Mike Gaines
    Section Image
  • Kristy Holt

    Seller's Agent in 2020

    Kristy Holt

    Coastline Estates

    (949) 887-0318

    1 in this area

    12 Total Sales

    Kristy Holt
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24062523

California Regional Multiple Listing Service (CRMLS)

APN: 050-043-25

California Orange County Newport Beach 92662 Balboa Island

127 Agate Ave, Newport Beach, CA

This home is located at 127 Agate Ave, Newport Beach, CA 92662 since 01 April 2024 and is currently estimated at $3,689,993, approximately $1,054 per square foot. This property was built in 1925. 127 Agate 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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