NOT LISTED FOR SALE

1520 E Oceanfront Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $5,274,000 - $9,224,652

3 Beds
2.5 Baths
2,500 Sq Ft
$3,006/Sq Ft Est. Value

Highlights

  • White Water Ocean Views
  • Primary Bedroom Suite
  • 2 Car Attached Garage
  • Newport Elementary School Rated A
  • No HOA
  • Living Room

About This Home

As of September 2018

This home is located at 1520 E Oceanfront, Newport Beach, CA 92661 since 30 July 2018 and is currently priced at $7,515,663. This property was built in 1938. 1520 E Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Last Agent to Rent the Property

John Pedicini

J and P Development License #00854814 Listed on: 07/30/2018

Last Renter's Agent

Susan Kay

Beach Cities Real Estate License #01164066

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $81,556

Year Built

  • Built in 1938

Lot Details

  • 3,900 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • Panoramic

Home Design

  • Patio Home

Interior Spaces

  • 2,500 Sq Ft Home
  • Family Room with Fireplace
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $9,000
  • Available 8/1/18
  • Tax Lot 39
  • Tax Tract Number 282
  • Assessor Parcel Number 04620232

Home Details

Home Type

Single Family

Est. Annual Taxes

$81,556

Year Built

Built in 1938

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2018-08-01
  • Credit Check Paid By: Tenant
  • Deposit Security: 9000
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Transfer Fee Paid By: Tenant

Listing Details

  • Other Phone Description: 9494760444
  • Other Phone Number: 9494760444
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 04620232
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2500.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.48
  • Room Type: Living Room, Master Bedroom, Master Suite, Two Masters

Exterior Features

  • View: Ocean, Panoramic, White Water
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped, Patio Home
  • Lot Size Sq Ft: 3900.00
  • Lot Size Acres: 0.0895

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Short Term Lease
  • Lot Size Area: 3900.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 39
  • Tax Tract Number: 282

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 6, 2018
Sold by
Pedicini Mary Sue
Bought by
T & G Trust
Seller's Agent
John Pedicini
J and P Development
Buyer's Agent
Susan Kay
Beach Cities Real Estate
Sold Price
$6,200
Current Estimated Value
$7,353,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,347,254

Purchase Details

Closed on
Mar 8, 2018
Sold by
Davis Michael Dale and Gorgia Wendy
Bought by
Pedcini John and Pedcini Mary Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,725,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 4, 2013
Sold by
Davis Adabelle
Bought by
Davis Adabelle

Purchase Details

Closed on
Jul 19, 1999
Sold by
Bradley Davis and Bradley Adabelle
Bought by
Davis Bradley and Davis Adabelle

Purchase Details

Closed on
Feb 29, 1996
Sold by
Bradley Davis and Bradley Adabelle Davis
Bought by
Davis Bradley and Davis Adabelle
Source: Public Records

Range of Values:

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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
T & G Trust $1,100,000 None Available
Pedcini John $6,300,000 Netco Title Co
Davis Adabelle -- None Available
Davis Bradley -- --
Davis Bradley -- Benefit Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pedcini John $4,725,000
Previous Owner Davis Bradley $215,000
Previous Owner Davis Bradley $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2018 09/06/18 Off Market $6,200 -- --
09/03/2018 09/03/18 Rented $6,200 0.0% --
08/29/2018 08/29/18 Price Changed $6,200 -1.6% $2 / Sq Ft
08/21/2018 08/21/18 Price Changed $6,300 -3.1% $3 / Sq Ft
07/30/2018 07/30/18 For Rent $6,500 -- --
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 $81,556 $7,867,842 $7,047,217 $820,625
2024 $81,556 $7,713,571 $6,909,036 $804,535
2023 $79,656 $7,562,325 $6,773,565 $788,760
2022 $78,347 $7,414,045 $6,640,750 $773,295
2021 $75,854 $7,174,933 $6,510,539 $664,394
2020 $68,204 $6,443,782 $6,443,782 $0
2019 $67,587 $6,394,500 $6,317,434 $77,066
2018 $13,718 $1,278,524 $1,205,836 $72,688
2017 $13,716 $1,253,455 $1,182,192 $71,263
2016 $13,487 $1,228,878 $1,159,012 $69,866
2015 $13,382 $1,210,420 $1,141,603 $68,817
2014 $12,993 $1,186,710 $1,119,241 $67,469
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2018

    John Pedicini

    J and P Development

  • S

    Tenant's Agent in 2018

    Susan Kay

    Beach Cities Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18183352

California Regional Multiple Listing Service (CRMLS)

APN: 048-202-32

California Orange County Newport Beach 92661 Balboa Peninsula Point

1520 E Oceanfront, Newport Beach, CA

This home is located at 1520 E Oceanfront, Newport Beach, CA 92661 since 30 July 2018 and is currently priced at $7,515,663. This property was built in 1938. 1520 E Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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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