1350 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
6
Beds
4
Baths
3,248
Sq Ft
3,830
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Ocean Side of Highway 1
- Newport Elementary School Rated A
- Primary Bedroom Suite
- Main Floor Bedroom
About This Home
As of October 2023Seize this rare opportunity to own a home on the Newport Peninsula that’s not been on the market since 1969! This diamond in the rough offers the unique chance to remodel the existing structure to make it your own, or start fresh with the land and build a dream home. As is, this house boasts 6 bedrooms and 4 bathrooms and 3248 SQFT of living space right on the sand. This house is on a corner lot with the Pacific Ocean as its front yard, and views of the bay from the back. The property is steps from the famous Balboa Fun Zone, and is just a short ferry ride across the bay from the quaint charm of Balboa Island. Location is everything, and this property offers a prime spot in Newport Beach. Situated just blocks from Newport Elementary, “the Wedge,” shops and great restaurants, this house is all about LOCATION!
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01024996 Listed on: 01/30/2017
Last Buyer's Agent
Pacific Sotheby's Int'l Realty License #01024996 Listed on: 01/30/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $120,345
Year Built
- Built in 1967
Lot Details
- 3,830 Sq Ft Lot
- Beach Front
- Corner Lot
Parking
- 2 Car Attached Garage
Property Views
- White Water Ocean
- Coastline
- Bay
- Harbor
- Catalina
Home Design
- Fixer Upper
Interior Spaces
- 3,248 Sq Ft Home
- 2-Story Property
- Fireplace
- Entryway
- Family Room
- Library
- Bonus Room
Kitchen
- Eat-In Kitchen
- Six Burner Stove
- Microwave
- Freezer
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom Suite
- 4 Full Bathrooms
Outdoor Features
- Ocean Side of Highway 1
- Balcony
- Exterior Lighting
Utilities
- Septic Type Unknown
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 6466
- Assessor Parcel Number 04817033
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 27, 2023
Closed on
Oct 9, 2023
Sold by
Bassaly 1 Llc
Bought by
42 Offshore Llc
Seller's Agent
Tara McNabb
Compass
Buyer's Agent
Tara McNabb
Compass
List Price
$11,400,000
Sold Price
$11,400,000
Views
10
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
-$1,822,338
Avg. Annual Appreciation
-4.43%
Purchase Details
Listed on
Jan 30, 2017
Closed on
Jan 18, 2018
Sold by
Ward Rika and Dam Margot Nicole Van
Bought by
Bassaley 1 Llc
Seller's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
Buyer's Agent
Sean Stanfield
Pacific Sotheby's Int'l Realty
List Price
$6,295,000
Sold Price
$5,250,000
Premium/Discount to List
-$1,045,000
-16.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%
Original Mortgage
$3,150,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 28, 2016
Sold by
Vandam Henriette
Bought by
Vandam Henriette and Van Dam Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.33%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Oct 30, 2000
Sold by
Vandam Simon and Vandam Henriette
Bought by
Vandam Simon and Vandam Henriette
Purchase Details
Closed on
Nov 16, 1995
Sold by
Vandam Henriette
Bought by
Vandam Henriette
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $11,400,000 | First American Title | |
| Grant Deed | $5,250,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $8,500,000 | New Conventional | |
| Previous Owner | $7,500,000 | Commercial | |
| Previous Owner | $5,918,800 | Commercial | |
| Previous Owner | $3,150,000 | Purchase Money Mortgage | |
| Previous Owner | $938,250 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/27/2023 10/27/23 | Sold | $11,400,000 | 0.0% | $1,979 / Sq Ft |
| 10/27/2023 10/27/23 | Pending | -- | -- | -- |
| 10/27/2023 10/27/23 | For Sale | $11,400,000 | +117.1% | $1,979 / Sq Ft |
| 01/27/2018 01/27/18 | Sold | $5,250,000 | -7.9% | $1,616 / Sq Ft |
| 10/13/2017 10/13/17 | Price Changed | $5,700,000 | -9.5% | $1,755 / Sq Ft |
| 01/30/2017 01/30/17 | For Sale | $6,295,000 | -- | $1,938 / 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 | $120,345 | $11,400,000 | $9,272,028 | $2,127,972 |
| 2023 | $77,402 | $7,347,318 | $5,523,616 | $1,823,702 |
| 2022 | $76,130 | $7,203,253 | $5,415,309 | $1,787,944 |
| 2021 | $65,153 | $6,157,832 | $5,309,127 | $848,705 |
| 2020 | $59,258 | $5,594,170 | $5,254,689 | $339,481 |
| 2019 | $56,658 | $5,355,000 | $5,151,656 | $203,344 |
| 2018 | $56,628 | $5,355,000 | $5,167,944 | $187,056 |
| 2017 | $2,623 | $222,766 | $114,124 | $108,642 |
| 2016 | $2,566 | $218,399 | $111,887 | $106,512 |
| 2015 | $2,539 | $215,119 | $110,206 | $104,913 |
| 2014 | $2,478 | $210,906 | $108,048 | $102,858 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Tara McNabb
Compass
(949) 500-3910
5 in this area
98 Total Sales
-
Seller's Agent in 2018
Sean Stanfield
Pacific Sotheby's Int'l Realty
(949) 244-9057
3 in this area
607 Total Sales
-
Seller Co-Listing Agent in 2018
Ariana Gaffoglio
Plus Real Estate
(949) 315-1111
90 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC17019241
APN: 048-170-33
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