NOT LISTED FOR SALE

1506 S Bay Front Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $5,782,000 - $8,314,743

3 Beds
4 Baths
2,743 Sq Ft
$2,616/Sq Ft Est. Value

About This Home

This home is located at 1506 S Bay Front, Newport Beach, CA 92662 and is currently estimated at $7,176,186, approximately $2,616 per square foot. 1506 S Bay Front is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and Our Lady Queen Of Angels.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2023
Sold by
Sommers Kathleen Forsnas
Bought by
Kathleen F Sommers Lifetime Trust and Sommers
Current Estimated Value
$7,176,186

Purchase Details

Closed on
Dec 5, 2012
Sold by
Sommers Robert H
Bought by
Sommers Kathleen F and Kathleen F Sommers Lifetime Trust

Purchase Details

Closed on
May 8, 2007
Sold by
Platz Donald L and Platz Carol Dorn
Bought by
Sommers Robert H and Sommers Kathleen F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
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
Sommers Kathleen F -- None Available
Sommers Robert H -- None Available
Sommers Robert H -- None Available
Sommers Robert H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sommers Robert H $1,100,000
Previous Owner Sommers Robert H $4,000,000
Previous Owner Sommers Robert H $4,000,000
Previous Owner Platz Donald L $4,102,800
Previous Owner Platz Donald L $800,000
Previous Owner Platz Donald L $450,000
Previous Owner Platz Donald L $800,000
Source: Public Records

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
2024 $78,457 $7,419,053 $6,426,648 $992,405
2023 $76,629 $7,273,582 $6,300,635 $972,947
2022 $75,369 $7,130,963 $6,177,093 $953,870
2021 $71,656 $6,775,979 $5,909,398 $866,581
2020 $70,970 $6,706,500 $5,848,804 $857,696
2019 $69,485 $6,575,000 $5,734,121 $840,879
2018 $69,449 $6,575,000 $5,734,121 $840,879
2017 $66,138 $6,248,538 $5,407,659 $840,879
2016 $64,643 $6,126,018 $5,301,626 $824,392
2015 $64,041 $6,034,000 $5,221,991 $812,009
2014 $60,657 $5,725,093 $4,913,084 $812,009
Source: Public Records

Map

California Orange County Newport Beach 92662 Balboa Island

1506 S Bay Front, Newport Beach, CA

This home is located at 1506 S Bay Front, Newport Beach, CA 92662 and is currently estimated at $7,176,186, approximately $2,616 per square foot. 1506 S Bay Front is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and Our Lady Queen Of Angels.

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.

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