NOT LISTED FOR SALE

Estimated Value: $5,366,000 - $7,104,000

2 Beds
1 Bath
900 Sq Ft
$7,341/Sq Ft Est. Value

Highlights

  • Ocean View
  • Main Floor Bedroom
  • Furnished
  • Newport Elementary School Rated A
  • Spanish Architecture
  • 2-minute walk to 38th Street Park

About This Home

As of October 2016

Beautiful and upscale furnished vacation / short term rental! Rent by the Week or by the Month during off season ( October-Thru February) ! Rent by the Week from March thru September! Style Meets Value in this lovely upscale beach villa. The Balboa Gem presents a beautiful turnkey property located within the first block of Newport Beach. This upper-floor unit is a quiet haven boasting a Chef s Kitchen w/ brand new stainless steel appliances, 2 bedrooms and 1 luxurious marble & granite bath, accommodates 4 to 6 guests. Each bedroom has a flat screen TV/DVD. When it comes to a relaxing beach vacation, the Balboa Beach Gem has it all unbeatable value, stylish 4-star accommodations, budget-friendly rates, and a fantastic location. Guests will feel right at home in this cozy beach villa and will want to return year after year to enjoy the charms and fun of Newport Beach. Additional Amenities include outdoor hot/cold shower and laundry room. This Villa comes with a single car garage. Short term/ vacation rental rates: Summer Rental $3,000/week; Off Season $1,800/week; Holidays $1,950/week; Off Season Monthly $4,300(October thru February). Property comes with in-house Washer & Dryer Facility and 1 Car Garage and outdoor hot & cold shower.

Last Agent to Rent the Property

Carl Wuestehube

Tri-Star Realty License #00634943 Listed on: 02/29/2016

Last Renter's Agent

Carl Wuestehube

Tri-Star Realty License #00634943 Listed on: 02/29/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,422

Year Built

  • Built in 1970

Lot Details

  • 2,375 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Attached Garage

Home Design

  • Spanish Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 900 Sq Ft Home
  • Furnished
  • Living Room
  • Storage
  • Stone Flooring
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Wall Furnace
  • Water Purifier
  • Sewer Paid

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $1,000
  • Rent includes cable TV, association dues, electricity, gardener, gas, trash collection, water
  • Legal Lot and Block 15 / 38
  • Tax Tract Number 5160
  • Assessor Parcel Number 42332202

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,422

Year Built

Built in 1970

Lot Details

0

Parking

1

Rental Info

  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 1000
  • Furnished: Furnished
  • Pets Allowed: Call

Listing Details

  • Other Phone Description: Seller
  • Other Phone Number: 949-310-9002
  • Property Attached: Yes
  • Subdivision Name Other: CUST
  • View: Yes
  • Architectural Style: Spanish
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 42332202
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 900.00
  • Interior Amenities: Granite Counters, Storage
  • Common Walls: 1 Common Wall
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Nook
  • Levels: One
  • Price Per Square Foot: 5.00
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Patio: Yes
  • View: Ocean
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Number Remotes: 1
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Refrigerator, Water Purifier
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2375.00
  • Price Per Lot Square Foot: 1.81
  • Lot Size Acres: 0.0550

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Weekly
  • Lot Size Area: 2375.0000 Square Feet
  • Rent Includes: Cable TV, Association Dues, Electricity, Gardener, Gas, Trash Collection, Water

Tax Info

  • Tax Block: 38
  • Tax Lot: 15
  • Tax Model: C
  • Tax Tract Number: 5160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2023
Sold by
Andrus John and Andrus Michelle
Bought by
Mj 139Th Llc
Current Estimated Value
$6,606,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2023
Sold by
Pedro Paseo Llc
Bought by
Andrus John and Andrus Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2019
Sold by
Shuey Fred J and Mercado Shuey Alma
Bought by
Mercado Shuey Trust

Purchase Details

Closed on
Dec 14, 2016
Sold by
Kumar T Muthu
Bought by
Shuey Fred Jacob and Mercado Shuey Alma Delia

Purchase Details

Closed on
Jan 7, 2016
Sold by
Kumar T Muthu and Mutho Kumar T
Bought by
Kumar T Muthu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2004
Sold by
Kumar Simi M
Bought by
Kumar T Muthu and Mutho Kumar T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 18, 2003
Sold by
Garrett Timothy D and Garrett Marlo
Bought by
Kumar T Mutho and Kumar Simi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,400
Interest Rate
3.64%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 25, 2003
Sold by
Garrett Timothy D and Garrett Marlo
Bought by
Garrett Timothy D and Garrett Marlo

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
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2002
Sold by
Garrett Timothy D and Garrett Marlo S
Bought by
Garrett Timothy D and Garrett Marlo

Purchase Details

Closed on
Jul 6, 2001
Sold by
Simon Jeffrey S
Bought by
Garrett Timothy D and Garrett Mario S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 17, 1997
Sold by
Simon Jeffrey S
Bought by
Simon Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1997
Sold by
Frady William E
Bought by
Simon Jeffrey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Mj 139Th Llc -- --
Andrus John $3,250,000 Chicago Title
Mercado Shuey Trust -- None Available
Shuey Fred J -- None Available
Shuey Fred Jacob $2,090,000 Wfg Title Company Of Ca
Kumar T Muthu -- Lawyers Title
Kumar T Muthu -- Fidelity National Title Co
Kumar T Mutho $873,000 Southland Title Corporation
Garrett Timothy D -- Fidelity National Title
Garrett Timothy D -- --
Garrett Timothy D $575,000 United Title Company
Simon Jeffrey S -- Fidelity National Title Ins
Simon Jeffrey S $359,090 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrus John $2,437,500
Previous Owner Kumar T Muthu $350,000
Previous Owner Kumar T Muthu $466,000
Previous Owner Kumar T Mutho $698,400
Previous Owner Garrett Timothy D $371,000
Previous Owner Garrett Timothy D $275,000
Previous Owner Simon Jeffrey S $288,000
Closed Simon Jeffrey S $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2016 10/01/16 Rented $4,500 +4.7% --
02/29/2016 02/29/16 For Rent $4,300 -- --
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 $35,422 $4,663,523 $3,286,063 $1,377,460
2024 $35,422 $3,315,000 $3,221,631 $93,369
2023 $30,997 $2,907,000 $2,820,848 $86,152
2022 $24,548 $2,285,719 $2,210,340 $75,379
2021 $24,079 $2,240,901 $2,167,000 $73,901
2020 $23,847 $2,217,924 $2,144,780 $73,144
2019 $23,356 $2,174,436 $2,102,726 $71,710
2018 $22,892 $2,131,800 $2,061,496 $70,304
2017 $11,743 $1,069,479 $988,349 $81,130
2016 $11,483 $1,048,509 $968,969 $79,540
2015 $11,373 $1,032,760 $954,414 $78,346
2014 $11,106 $1,012,530 $935,718 $76,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16041839

California Regional Multiple Listing Service (CRMLS)

APN: 423-322-02