1502 S Bay Front Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated Value: $7,116,000 - $9,136,297
4
Beds
5
Baths
2,893
Sq Ft
$2,775/Sq Ft
Est. Value
Highlights
- Beach Front
- Marina
- Property has ocean access
- Abraham Lincoln Elementary School Rated A
- Ocean View
- Fishing
About This Home
As of August 2019Truly a once in a lifetime opportunity. This Little Island property is located on Balboa Island’s “Gold Coast” and is offered for the first time in nearly 50 years. Only 18 homes populate this very exclusive stretch of South Bay Front and rarely are any offered for sale. The Gold Coast is where legacy properties are found, held by families for generations, providing more privacy and less foot traffic than other parts of Balboa Island. Truly special, this home faces the bay and beach front. South facing, one parcel off Grand Canal with expansive water views on one of the widest parts of Newport Harbor. Originally built as a duplex, it has since been used as a single family home with two kitchens, four bedrooms and five baths. Very livable, but some may choose to remodel or build new. Easy access on and off the island.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01207153 Listed on: 05/01/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $73,379
Year Built
- Built in 1972
Lot Details
- 2,550 Sq Ft Lot
- Lot Dimensions are 30 x 85
- Beach Front
- Property Fronts a Bay or Harbor
- Rectangular Lot
- Level Lot
- On-Hand Building Permits
- Property is zoned R2
Parking
- 2 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
Property Views
- Ocean
- Coastline
- Bay
- Harbor
Home Design
- Custom Home
- Additions or Alterations
- Cosmetic Repairs Needed
- Fixer Upper
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 2,893 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Ceiling Fan
- Living Room with Fireplace
- Dining Room
- Carpet
Kitchen
- Breakfast Bar
- Built-In Range
- Microwave
- Dishwasher
- Ceramic Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Primary Bedroom on Main
- 5 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry in Garage
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Ocean Side of Highway 1
- Balcony
- Brick Porch or Patio
Schools
- Lincoln Elementary School
- Corona Del Mar Middle School
- Corona Del Mar High School
Utilities
- Central Heating
- Heating System Uses Natural Gas
- Underground Utilities
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 103
- Assessor Parcel Number 05018126
Community Details
Overview
- No Home Owners Association
Recreation
- Marina
- Fishing
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 6, 2023
Sold by
Vincent Garth and Vincent Gina
Bought by
Vincent Revocable Living Trust and Vincent
Total Days on Market
53
Current Estimated Value
Purchase Details
Listed on
May 1, 2019
Closed on
Jul 11, 2019
Sold by
Oswald Stephanie and Getz Andrew
Bought by
Vincent Garth and Vincent Gina
Seller's Agent
Tony Bartos
Pacific Sotheby's Int'l Realty
Buyer's Agent
Georgie Fenton
Coldwell Banker Realty
List Price
$6,295,000
Sold Price
$5,670,000
Premium/Discount to List
-$625,000
-9.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$2,835,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 21, 2014
Sold by
Getz Alice W
Bought by
Getz Alice W
Purchase Details
Closed on
Jan 4, 2001
Sold by
Getz Robert E and Getz Alice W
Bought by
Getz Robert E and Getz Alice W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vincent Revocable Living Trust | -- | None Listed On Document | |
| Vincent Garth | $5,670,000 | Chicago Title Company | |
| Getz Alice W | -- | None Available | |
| Getz Robert E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vincent Garth | $2,835,000 | |
| Previous Owner | Getz Robert E | $4,150,000 | |
| Previous Owner | Getz Robert E | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2019 08/13/19 | Sold | $5,670,000 | -9.9% | $1,960 / Sq Ft |
| 06/23/2019 06/23/19 | Pending | -- | -- | -- |
| 05/21/2019 05/21/19 | For Sale | $6,295,000 | +11.0% | $2,176 / Sq Ft |
| 05/18/2019 05/18/19 | Off Market | $5,670,000 | -- | -- |
| 05/01/2019 05/01/19 | For Sale | $6,295,000 | -- | $2,176 / 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 | $73,379 | $6,943,399 | $5,874,439 | $1,068,960 |
| 2023 | $71,667 | $6,807,254 | $5,759,254 | $1,048,000 |
| 2022 | $66,405 | $6,278,653 | $5,646,328 | $632,325 |
| 2021 | $58,268 | $5,535,616 | $5,535,616 | $0 |
| 2020 | $59,882 | $5,670,000 | $5,504,894 | $165,106 |
| 2019 | $4,295 | $367,903 | $241,712 | $126,191 |
| 2018 | $4,212 | $360,690 | $236,973 | $123,717 |
| 2017 | $4,138 | $353,618 | $232,326 | $121,292 |
| 2016 | $4,048 | $346,685 | $227,771 | $118,914 |
| 2015 | $4,006 | $341,478 | $224,350 | $117,128 |
| 2014 | $3,986 | $334,789 | $219,955 | $114,834 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Bartos
Seller's Agent in 2019
Tony Bartos
Pacific Sotheby's Int'l Realty
(949) 939-3390
48 Total Sales
-
Gay Proud
G
Seller Co-Listing Agent in 2019
Gay Proud
Arbor Real Estate
(949) 673-8700
1 Total Sale
-
Georgie Fenton
Buyer's Agent in 2019
Georgie Fenton
Coldwell Banker Realty
(208) 720-6203
22 in this area
25 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19099573
APN: 050-181-26
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.
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
Nearby Homes
- 202 Onyx Ave
- 126 Abalone Ave
- 121 Onyx Ave
- 104 Onyx Ave
- 214 Abalone Ave
- 305 Grand Canal Unit 1
- 209 E Bay Front
- 220 Apolena Ave
- 115 Apolena Ave
- 1407 N Bay Front
- 127 Coral Ave
- 327 Amethyst Ave
- 126 Sapphire Ave
- 1201 N Bay Front
- 214 Sapphire Ave
- 201 Diamond Ave
- 209 Diamond Ave
- 1203 Bayside Dr
- 126 Ruby Ave
- 316 Diamond Ave
- 1502 S Bay Front
- 1500 S Bay Front
- 1504 S Bay Front
- 1506 S Bay Front
- 106 Grand Canal
- 1508 S Bay Front Unit 1508.5
- 1508 S Bay Front
- 110 Grand Canal
- 1510 S Bay Front
- 107 Abalone Ave
- 112 Grand Canal
- 111 Abalone Ave
- 114 Grand Canal
- 1600 S Bay Front
- 1410 S Bay Front
- 115 Abalone Ave
- 116 Grand Canal
- 1602 S Bay Front
- 109 Grand Canal
- 117 Abalone Ave