NOT LISTED FOR SALE

1504 E Balboa Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $6,659,802 - $7,730,000

4 Beds
4.5 Baths
3,000 Sq Ft
$2,376/Sq Ft Est. Value

Last Sold February 20, 2020

Last sale price $4,000,000 $1,333 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $40,772/month

160 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Family Room Off Kitchen
  • Newport Elementary School Rated A
  • No HOA
  • 2 Car Attached Garage

About This Home

As of February 2020

Just one house from the bay sits 1504 East Balboa; a simply gorgeous Peninsula Point home built only four years ago with bay views from multiple levels. Casual seaside elegance is found on three levels with high ceilings and inviting, sunlit rooms clad in tasteful finishes. Four bedrooms, four and a half bathrooms include a master suite with a spa bath and a luxurious closet. Three generously sized guest suites with beautifully appointed bathrooms make this a perfect main residence or ideal second home. On the second level, enjoy a large open kitchen, gracious living room and harbor/bay views. Revel in year-round indoor/outdoor living on multiple outdoor areas and the large rooftop deck. Other highlights include an elevator that services all three levels, an upstairs sitting room and bar off of the rooftop deck. Located in one of most coveted communities in Newport Beach, Balboa Peninsula Point, this location is a short walk to the Wedge, the Channel, the Ferry, and some of the West Coast’s best beaches. A 2-car garage completes this fabulous beach home.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 08/14/2019

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Joe Chiovare

Coldwell Banker Realty License #01931960

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2015

Lot Details

  • 2,700 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • City Lights

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Bathtub
  • Walk-in Shower

Utilities

  • Forced Air Zoned Cooling and Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 13 / 24
  • Tax Tract Number 1
  • Assessor Parcel Number 04818227

Home Details

Home Type

Single Family

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04818227
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00 Square Feet
  • Interior Amenities: Elevator
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Family Kitchen, In Family Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1333.33
  • Room Type: Kitchen, Laundry, Living Room, Master Bathroom
  • Bathroom Features: Bathtub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Bay, City Lights, Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2700.00
  • Lot Size Acres: 0.0620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2700.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 24
  • Tax Census Tract: 628.00
  • Tax Lot: 13
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Jan 24, 2020
Sold by
Haight Michael D and Haight Christine R
Bought by
Slessor Michael D and Slessor Erin M
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Joe Chiovare
Coldwell Banker Realty
List Price
$4,395,000
Sold Price
$4,000,000
Premium/Discount to List
-$395,000
-8.99%
Current Estimated Value
$7,072,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,072,971
Avg. Annual Appreciation
10.30%
Original Mortgage
$2,000,000
Outstanding Balance
$1,723,095
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$5,403,606

Purchase Details

Closed on
Jun 21, 2013
Sold by
Cotton Diane G
Bought by
Cotton Charles Bishop

Purchase Details

Closed on
Jun 19, 2013
Sold by
Fowler Michael Mcswain
Bought by
Fowler Cynthia Ann Cotton

Purchase Details

Closed on
Jun 11, 2013
Sold by
Gannon Robert C and Gannon Christina Elizabeth Cotton
Bought by
Rjc Family Holdings Llc

Purchase Details

Closed on
Jan 17, 2011
Sold by
Gannon Christina Elizabeth Cotton
Bought by
Gannon Robert C and Gannon Christina Elizabeth Cotton

Purchase Details

Closed on
Jul 27, 2001
Sold by
Rjc Family Holding Llc
Bought by
Haight Michael D and Haight Christine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,351,700
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Slessor Michael D $4,000,000 Fidelity Natl Ttl Orange Cnt
Cotton Charles Bishop -- Ticor Title Tustin Orange Co
Fowler Cynthia Ann Cotton -- Ticor Title Tustin Orange Co
Rjc Family Holdings Llc $3,000,000 Ticor Title Tustin Orange Co
Gannon Robert C -- None Available
Haight Michael D $3,700,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slessor Michael D $2,000,000
Previous Owner Haight Michael D $2,351,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2020 02/20/20 Sold $4,000,000 -9.0% $1,333 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
08/14/2019 08/14/19 For Sale $4,395,000 +18.8% $1,465 / Sq Ft
09/01/2015 09/01/15 Sold $3,700,000 -1.3% $1,254 / Sq Ft View Prior Sale
07/22/2015 07/22/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $3,750,000 -- $1,271 / 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 $45,447 $4,374,583 $3,352,098 $1,022,485
2024 $45,447 $4,288,807 $3,286,370 $1,002,437
2023 $44,385 $4,204,713 $3,221,931 $982,782
2022 $43,652 $4,122,268 $3,158,756 $963,512
2021 $42,885 $4,041,440 $3,096,820 $944,620
2020 $42,527 $4,004,998 $3,161,874 $843,124
2019 $41,640 $3,926,469 $3,099,876 $826,593
2018 $40,808 $3,849,480 $3,039,094 $810,386
2017 $40,085 $3,774,000 $2,979,503 $794,497
2016 $39,181 $3,700,000 $2,921,081 $778,919
2015 $16,171 $1,529,970 $1,529,970 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Seller's Agent in 2020

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    49 in this area

    116 Total Sales

    Kim Bibb
    Section Image
  • Joe Chiovare

    Buyer's Agent in 2020

    Joe Chiovare

    Coldwell Banker Realty

    (626) 945-2236

    74 Total Sales

    Joe Chiovare
    Section Image
  • Chris Moreno

    Seller's Agent in 2015

    Chris Moreno

    Surterre Properties Inc.

    (949) 280-6357

    63 Total Sales

    Chris Moreno
    Section Image

  • C

    Seller Co-Listing Agent in 2015

    Cassie Hammond

    Surterre Properties Inc.

    (949) 500-5569

    26 Total Sales

    Cassie Hammond
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19192427

California Regional Multiple Listing Service (CRMLS)

APN: 048-182-27

California Orange County Newport Beach 92661 Balboa Peninsula Point

1504 E Balboa Blvd, Newport Beach, CA

Not Listed for Sale

Detached

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