NOT LISTED FOR SALE

127 Ruby Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $5,183,000 - $6,461,000

4 Beds
3.5 Baths
2,535 Sq Ft
$2,382/Sq Ft Est. Value

Last Sold May 21, 2018

Last sale price $3,925,000 $1,548 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $34,329/month

Highlights

  • Built in 2018 | Newly Remodeled
  • Bay View
  • Retreat
  • Abraham Lincoln Elementary School Rated A
  • Primary Bedroom Suite
  • 4-minute walk to Balboa Island Park

About This Home

As of May 2018

SOLD BEFORE PROCESSING IN MLS. Situated on a light and bright corner lot in the heart of Balboa Island, this stunning NEW custom home offers a rare blend of timeless design, modern amenities, and oversized square footage. Comprised of 4 bedrooms (very rare for the Island), plus a den/family room, 4.5 baths, ELEVATOR to all levels, and an eye popping third floor roof deck with covered loggia, this home is a checklist of home appeal. The first floor includes a large great room with stackable Fleetwood disappearing sliding doors to front patio, fireplace with custom mantle, dining area with built-in bench, and a gourmet kitchen with exquisite porcelain countertops, Wolf appliances, and more. The impressive hand-crafted spiral staircase leads to the large second level with deluxe master suite with balcony, bath, and large-walk-in closet. The rest of the second floor includes a comfortable family room with built-ins and two more guest rooms with ensuite baths. The third floor includes a RARE fourth bedroom and bath, and a large entertainer's area under a covered loggia in addition to an open air deck with beautiful city lights views. The home offers a voluminous two-car garage with epoxy floors and space for a golf cart or small third car. Other amenities include: hickory hardwood floors throughout, tankless water heater, surround sound, spacious front patio and more. Rarely does a new home on a corner lot grace the Island market. Don't miss out on this one.

Last Agent to Sell the Property

Don Abrams

Abrams Coastal Properties License #01234323 Listed on: 05/21/2018

Last Buyer's Agent

Kristina Heimstaedt

Coldwell Banker Realty License #01950536

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • Block Wall Fence
  • Landscaped
  • Property is zoned R1.5

Parking

  • 2 Car Attached Garage
  • 1 Open Parking Space
  • Parking Available
  • Parking Lot

Property Views

  • Bay
  • Peek-A-Boo
  • Mountain

Home Design

  • Copper Plumbing

Interior Spaces

  • 2,535 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Six Burner Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Stone Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 100
  • Assessor Parcel Number 05010123

Home Details

Home Type

Single Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Zoning: R1.5
  • New Construction: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05010123
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2535.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Crown Molding, Elevator, Pantry, Recessed Lighting, Stone Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, In Kitchen
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1548.32
  • Room Type: All Bedrooms Up, Family Room, Living Room, Master Suite, Retreat, Walk-In Closet
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Stone Counters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters

Exterior Features

  • View: Bay, Mountain(s), Peek-A-Boo
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Parking Space
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Double Oven, Disposal, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room, Upper Level
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2614.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 630.06
  • Tax Lot: 16
  • Tax Tract Number: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Apr 4, 2018
Sold by
Lippnik Eugene Joseph and Mcgrane Russell
Bought by
Smith Rowland M and Thompson Travis J
Seller's Agent
Don Abrams
Abrams Coastal Properties
Buyer's Agent
Kristina Heimstaedt
Coldwell Banker Realty
List Price
$3,950,000
Sold Price
$3,925,000
Premium/Discount to List
-$25,000
-0.63%
Current Estimated Value
$5,795,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,870,803
Avg. Annual Appreciation
5.84%

Purchase Details

Closed on
Oct 6, 2016
Sold by
Mcgrane Jerri
Bought by
Mcgrane Russell

Purchase Details

Closed on
Jul 15, 2016
Sold by
Serna Pepe and Serna Diane
Bought by
Lippnik Eugene Joseph and Mcgrane Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,266,000
Interest Rate
3.46%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 18, 2004
Sold by
Serna Pepe and Serna Diane
Bought by
Serna Pepe and Serna Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2002
Sold by
Serna Pepe and Serna Diana
Bought by
Serna Pepe and Serna Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.05%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Serna Pepe and Serna Diane
Bought by
Serna Pepe and Serna Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.05%

Purchase Details

Closed on
Jul 21, 1998
Sold by
Serna Pepe and Serna Diane
Bought by
Serna Pepe and Serna Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
7%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Serna Pepe and Serna Diane
Bought by
Serna Pepe and Serna Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
7%

Purchase Details

Closed on
Jun 26, 1997
Sold by
The Rice House Trust
Bought by
Serna Pepe and Serna Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
7.7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Rowland M $3,925,000 Lawyers Title
Mcgrane Russell -- First American Title Company
Lippnik Eugene Joseph -- First American Title Company
Lippnik Eugene Joseph $1,800,000 First American Title Company
Serna Pepe -- Ticor Title Company
Serna Pepe -- Ticor Title Company
Serna Pepe -- --
Serna Pepe -- United Title Company
Serna Pepe -- --
Serna Pepe -- First Southwestern Title Co
Serna Pepe $495,000 --
Ferguson Vada E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lippnik Eugene Joseph $2,266,000
Previous Owner Serna Pepe $360,000
Previous Owner Serna Pepe $360,000
Previous Owner Serna Pepe $371,000
Previous Owner Serna Pepe $371,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2018 05/21/18 Sold $3,925,000 -0.6% $1,548 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $3,950,000 -- $1,558 / 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 $46,463 $4,465,978 $3,352,532 $1,113,446
2024 $46,463 $4,378,410 $3,286,796 $1,091,614
2023 $45,379 $4,292,559 $3,222,349 $1,070,210
2022 $44,631 $4,208,392 $3,159,166 $1,049,226
2021 $43,774 $4,125,875 $3,097,222 $1,028,653
2020 $43,354 $4,083,570 $3,065,464 $1,018,106
2019 $42,450 $4,003,500 $3,005,356 $998,144
2018 $26,718 $2,540,080 $1,787,330 $752,750
2017 $18,474 $1,752,285 $1,752,285 $0
2016 $7,417 $667,678 $619,963 $47,715
2015 $7,344 $657,649 $610,650 $46,999
2014 $7,171 $644,767 $598,688 $46,079
Source: Public Records

Agents Affiliated with this Home

  • Don Abrams

    Seller's Agent in 2018

    Don Abrams

    Abrams Coastal Properties

    (714) 325-9055

    65 in this area

    90 Total Sales

    Don Abrams
    Section Image
  • Kristina Heimstaedt

    Buyer's Agent in 2018

    Kristina Heimstaedt

    Coldwell Banker Realty

    (949) 642-2599

    9 Total Sales

    Kristina Heimstaedt
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18069956

California Regional Multiple Listing Service (CRMLS)

APN: 050-101-23

California Orange County Newport Beach 92662 Balboa Island

127 Ruby Ave, Newport Beach, CA

Not Listed for Sale

Detached

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