NOT LISTED FOR SALE

1514 Balboa Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $1,875,000 - $4,947,000

0.17 Acre
$19,070,788 Price per Acre
7,462 Sq Ft Lot

Last Sold September 28, 2020

Last sale price $6,150,000 $12,449 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $19,246/month

About This Lot

As of September 2020

This is the sale of 1514 East Blaboa Blvd., 1516 East Blaboa Blvd. and 1518 East Blaboa Blvd. split from the original listing #NP20046960 for comp purposes only. See agent remarks for more information.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 09/28/2020

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Irv Tons

Pointe Real Estate Inc. License #00813310

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,913

Year Built

  • 1979

Lot Details

  • 7,462 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Community Details

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Listing and Financial Details

  • Legal Lot and Block 18 / 24
  • Tax Tract Number 105
  • Assessor Parcel Number 04818213

Property Details

Property Type

Land

Est. Annual Taxes

$22,913

Year Built

1979

Lot Details

0

Listing Details

  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: No
  • Zoning: 1
  • Property Type: Land
  • Parcel Number: 04818213
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1979

Interior Features

  • Price Per Square Foot: 824.18

Utilities

  • Water Source: Public

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: 7462.00
  • Lot Size Acres: 0.1713

Multi Family

  • Lot Size Area: 7462.0000 Square Feet

Tax Info

  • Tax Block: 24
  • Tax Census Tract: 628.00
  • Tax Lot: 18
  • Tax Tract Number: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Aug 21, 2020
Sold by
Socal Land Co Llc
Bought by
Golden Opportunity No 17 Lp
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Irv Tons
Pointe Real Estate Inc.
List Price
$6,300,000
Sold Price
$6,150,000
Premium/Discount to List
-$150,000
-2.38%
Total Days on Market
0
Current Estimated Value
$3,266,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,883,174
Avg. Annual Appreciation
-12.57%
Original Mortgage
$6,150,000
Outstanding Balance
$5,519,314
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$2,234,643
Source: Public Records

Range of Values:

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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
Golden Opportunity No 17 Lp $6,150,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Opportunity No 17 Lp $6,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $6,150,000 -2.4% $12,449 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $6,300,000 -- $12,753 / 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
2024 $22,913 $2,175,476 $2,164,864 $10,612
2023 $22,380 $2,132,820 $2,122,416 $10,404
2022 $22,014 $2,091,000 $2,080,800 $10,200
2021 $21,590 $2,050,000 $2,040,000 $10,000
2020 $14,215 $1,348,153 $1,337,460 $10,693
2019 $13,917 $1,321,719 $1,311,235 $10,484
2018 $13,638 $1,295,803 $1,285,524 $10,279
2017 $13,395 $1,270,396 $1,260,318 $10,078
2016 $13,092 $1,245,487 $1,235,606 $9,881
2015 $12,970 $1,226,779 $1,217,046 $9,733
2014 $12,663 $1,202,749 $1,193,206 $9,543
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

    4 in this area

    125 Total Sales

    Kim Bibb
    Section Image
  • Irv Tons

    Buyer's Agent in 2020

    Irv Tons

    Pointe Real Estate Inc.

    (626) 484-4046

    1 in this area

    35 Total Sales

    Irv Tons
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20200138

California Regional Multiple Listing Service (CRMLS)

APN: 048-182-13

California Orange County Newport Beach 92661 Balboa Island

1514 Balboa Ave, Newport Beach, CA

This home is located at 1514 Balboa Ave, Newport Beach, CA 92662 since 28 September 2020 and is currently estimated at $3,266,826, approximately $6,613 per square foot. This property was built in 1979. 1514 Balboa Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

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.

California Regional Multiple Listing Service (CRMLS) 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

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