1515 E Balboa Blvd Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $3,417,000 - $4,350,000
3
Beds
1.5
Baths
1,415
Sq Ft
$2,738/Sq Ft
Est. Value
Highlights
- Marina
- Outdoor Fireplace
- No HOA
- Newport Elementary School Rated A
- Wood Flooring
- Neighborhood Views
About This Home
As of May 2020This charming single story beach cottage is perfectly situated on the prized Peninsula Point, offering the ideal beach lifestyle. Adored for its architectural quaintness, the classic gable roof and brick laden archway fill you with nostalgia and warmth. A front yard patio adorns the entry as you approach the impressive front door, while you're welcomed into a spacious and light living room with a fireplace, large seating area and solid wood beamed ceiling. A formal dining room with ample natural light sits adjacent, while the upgraded kitchen displays a striking French La Cornue gourmet stove/oven and slate floor. Wainscoting and wood floors throughout lead you to 3 bedrooms with oversized closets and 1 1/2 completely redone bathrooms. The two car garage provides ample storage, ceiling racking and new epoxy flooring, and the private courtyard with a wood burning fireplace is the perfect entertainment setup for endless summer gatherings. Just steps from the world famous Wedge beach, Balboa pier and MARINA PARK are a leisurely close bike-ride. Enjoy paddle boarding and kayaking on the bay across the street each morning and watch the sunrise.
The Balboa Peninsula is infamous for the CHRISTMAS BOAT PARADE, FORTH OF JULY PARADE, FIREWORKS, Friday night potlucks at the private bay beach. There is so much more to enjoy living in community on the Peninsula. Make this your home and enjoy the lifestyle. Enjoy our video tour: https://vimeo.com/400404363
Last Agent to Sell the Property
The Oppenheim Group License #00624164 Listed on: 02/28/2020
Last Buyer's Agent
Irv Tons
Pointe Real Estate, Inc. License #00813310
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,706
Year Built
- Built in 1927
Lot Details
- 2,730 Sq Ft Lot
- Property fronts an alley
- Back and Front Yard
Parking
- 2 Car Attached Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Raised Foundation
Interior Spaces
- 1,415 Sq Ft Home
- 1-Story Property
- Wainscoting
- Beamed Ceilings
- Wood Burning Fireplace
- Gas Fireplace
- Living Room with Fireplace
- Dining Room
- Wood Flooring
- Neighborhood Views
Kitchen
- Butlers Pantry
- Six Burner Stove
- Gas Range
- Free-Standing Range
- Dishwasher
- Tile Countertops
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Gas Dryer Hookup
Outdoor Features
- Open Patio
- Outdoor Fireplace
- Front Porch
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 4 / J
- Tax Tract Number 518
- Assessor Parcel Number 04819104
Community Details
Overview
- No Home Owners Association
Recreation
- Marina
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 28, 2020
Closed on
May 7, 2020
Sold by
Richards Jon B
Bought by
Golden Opportunity No 17 Lp
Seller's Agent
Lisa Helou
The Oppenheim Group
Buyer's Agent
Irv Tons
Pointe Real Estate, Inc.
List Price
$2,295,000
Sold Price
$2,155,000
Premium/Discount to List
-$140,000
-6.1%
Total Days on Market
68
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
$1,719,749
Avg. Annual Appreciation
12.29%
Original Mortgage
$2,155,000
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 16, 2017
Sold by
Richards Jon B and Richards Marla J
Bought by
Richards Jon B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 23, 2012
Closed on
Nov 9, 2012
Sold by
Kennedy Michael J and Kennedy Leslie
Bought by
Richards Jon B and Richards Marla J
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
GREGG HOLT
North South Realty
List Price
$1,295,000
Sold Price
$1,265,000
Premium/Discount to List
-$30,000
-2.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%
Original Mortgage
$605,000
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 10, 2012
Sold by
Kennedy Michael J and Kennedy Leslie
Bought by
Kennedy Michael J and Kennedy Leslie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 20, 2012
Sold by
Kennedy Michael J and Kennedy Leslie
Bought by
Kennedy Michael J and Kennedy Leslie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 20, 2009
Sold by
Kennedy Michael John and Kennedy Leslie Ann
Bought by
Kennedy Michael J and Kennedy Leslie
Purchase Details
Closed on
Feb 9, 2009
Sold by
Lee Robert E
Bought by
Kennedy Michael John and Kennedy Leslie Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 1, 2004
Sold by
Lee Opal D
Bought by
Lee Robert E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,500
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 28, 2000
Sold by
Robert Shaw Donald
Bought by
Lee Robert E and Lee Opal D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,500
Interest Rate
7.62%
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 |
|---|---|---|---|
| Golden Opportunity No 17 Lp | $2,155,000 | Orange Coast Title Company | |
| Richards Jon B | -- | Title Resources Guaranty Com | |
| Richards Jon B | $1,265,000 | First American Title Company | |
| Kennedy Michael J | -- | Accommodation | |
| Kennedy Michael J | -- | Fidelity National Title | |
| Kennedy Michael J | -- | None Available | |
| Kennedy Michael John | $1,375,000 | Stewart Title | |
| Lee Robert E | -- | -- | |
| Lee Robert E | $714,000 | Guardian Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Starlite Mgmt-Ix Lp | $9,951,500 | |
| Closed | Golden Opportunity No 17 Lp | $2,155,000 | |
| Previous Owner | Richards Jon B | $369,000 | |
| Previous Owner | Richards Jon B | $400,000 | |
| Previous Owner | Richards Jon B | $600,000 | |
| Previous Owner | Kennedy Michael J | $605,000 | |
| Previous Owner | Kennedy Michael John | $625,000 | |
| Previous Owner | Lee Robert E | $1,235,000 | |
| Previous Owner | Lee Robert E | $132,500 | |
| Previous Owner | Lee Robert E | $993,750 | |
| Previous Owner | Lee Robert E | $270,000 | |
| Previous Owner | Lee Robert E | $542,500 | |
| Previous Owner | Lee Robert E | $542,250 | |
| Previous Owner | Lee Robert E | $535,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2020 05/14/20 | Sold | $2,155,000 | -1.8% | $1,523 / Sq Ft |
| 05/06/2020 05/06/20 | Pending | -- | -- | -- |
| 04/28/2020 04/28/20 | Price Changed | $2,195,000 | -4.4% | $1,551 / Sq Ft |
| 02/28/2020 02/28/20 | For Sale | $2,295,000 | +81.4% | $1,622 / Sq Ft |
| 01/07/2013 01/07/13 | Sold | $1,265,000 | -2.3% | $894 / Sq Ft |
| 10/23/2012 10/23/12 | For Sale | $1,295,000 | -- | $915 / 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 | $24,706 | $2,310,593 | $2,246,158 | $64,435 |
| 2023 | $24,753 | $2,265,288 | $2,202,116 | $63,172 |
| 2022 | $24,453 | $2,220,871 | $2,158,937 | $61,934 |
| 2021 | $24,182 | $2,177,325 | $2,116,605 | $60,720 |
| 2020 | $16,194 | $1,424,368 | $1,371,504 | $52,864 |
| 2019 | $15,895 | $1,396,440 | $1,344,612 | $51,828 |
| 2018 | $15,703 | $1,369,059 | $1,318,247 | $50,812 |
| 2017 | $15,479 | $1,342,215 | $1,292,399 | $49,816 |
| 2016 | $15,208 | $1,315,898 | $1,267,058 | $48,840 |
| 2015 | $15,149 | $1,296,132 | $1,248,025 | $48,107 |
| 2014 | $14,813 | $1,270,743 | $1,223,578 | $47,165 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Helou
Seller's Agent in 2020
Lisa Helou
The Oppenheim Group
(949) 566-3345
13 in this area
40 Total Sales
-
Giovanne Helou
Seller Co-Listing Agent in 2020
Giovanne Helou
The Oppenheim Group
(310) 866-9410
13 in this area
36 Total Sales
-
Buyer's Agent in 2020
Irv Tons
Pointe Real Estate, Inc.
(626) 484-4046
4 in this area
36 Total Sales
-
Kim Bibb
Seller's Agent in 2013
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
52 in this area
123 Total Sales
-
G
Buyer's Agent in 2013
GREGG HOLT
North South Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20044415
APN: 048-191-04
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