NOT LISTED FOR SALE

Estimated Value: $6,035,000 - $13,631,097

4 Beds
4.5 Baths
4,149 Sq Ft
$2,370/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $9,125,000 $2,199 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $63,810/month

114 Days on Market

Highlights

  • Ocean Front
  • Primary Bedroom Suite
  • No HOA
  • Newport Elementary School Rated A
  • Fireplace in Primary Bedroom
  • 2 Car Attached Garage

About This Home

As of June 2020

Sitting on a prime non boardwalk location 1556 Oceanfront offers the ultimate beachfront living experience. A gorgeous traditional design is felt throughout, with views from almost every window. This stunning home encompasses 4 bedrooms and 5.5 bathrooms. On the main level of the home you can enjoy an open great room - dining/kitchen/living room - facing the ocean and capturing breathtaking views. Open the doors and enjoy a large front enclosed patio. There are three beautifully appointed guest bedrooms upstairs, separate from the large-scale master suite, which offers a fireplace, stunning rounded ocean view windows, an office, a spa-sized bath, oversized steam shower, and a beautiful walk in closet complete with built-ins. Notable features include a third, subterranean-level, that provides an entertainment area complete with a wine cellar and a state of the art movie theatre with nine guest seats, making this oceanfront one of a kind. In addition to a large rooftop deck there are two incredible patios, one off the living-great room, and the second located off the master bedroom, providing multiple locations to enjoy the crisp ocean air, take in the Catalina sunsets, flickering city lights, or watch the boats pass by as they navigate in and out of the Newport Harbor. Certainly, no detail was overlooked. This home offers the ultimate lifestyle of Newport Peninsula’s Oceanfront living.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 01/14/2020

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 01/14/2020

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $103,340

Year Built

  • Built in 2008

Lot Details

  • 3,280 Sq Ft Lot
  • Ocean Front
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic
  • City Lights

Interior Spaces

  • 4,149 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Six Burner Stove
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Makeup or Vanity Space
  • Soaking Tub
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 04820225

Home Details

Home Type

Single Family

Est. Annual Taxes

$103,340

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: Kim Bibb
  • Other Phone Number: 714-396-0185
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04820225
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4149.00 Square Feet
  • Interior Amenities: Built-in Features, Wet Bar
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 4
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room, Master Bedroom
  • Levels: Three Or More
  • Main Level Bathrooms: 2
  • Price Per Square Foot: 2199.33
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
  • Bathroom Features: Bathtub, Shower, Soaking Tub, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • View: Catalina, City Lights, Ocean, Panoramic, White 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: 6 Burner Stove, Dishwasher, Disposal, Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3280.00
  • Lot Size Acres: 0.0753

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3280.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2020
Closed on
May 8, 2020
Sold by
Haupert Larry R and Haupert Kristine E
Bought by
Mills Richard Jason and Mills Demi L
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$9,950,000
Sold Price
$9,125,000
Premium/Discount to List
-$825,000
-8.29%
Total Days on Market
114
Current Estimated Value
$9,833,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$708,049
Avg. Annual Appreciation
-1.10%

Purchase Details

Closed on
Jun 16, 2005
Sold by
Pendell Carol Embree
Bought by
Haupert Larry R and Haupert Kristine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Mills Richard Jason $9,125,000 Fidelity National Title
Haupert Larry R $4,100,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mills Richard Jason $5,000,000
Previous Owner Haupert Larry R $1,495,000
Previous Owner Haupert Larry R $1,800,000
Previous Owner Haupert Larry R $2,000,000
Previous Owner Haupert Larry R $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $9,125,000 -8.3% $2,199 / Sq Ft
05/04/2020 05/04/20 For Sale $9,950,000 +9.0% $2,398 / Sq Ft
03/27/2020 03/27/20 Off Market $9,125,000 -- --
01/14/2020 01/14/20 For Sale $9,950,000 -- $2,398 / 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 $103,340 $9,783,843 $8,630,513 $1,153,330
2023 $100,933 $9,592,003 $8,461,287 $1,130,716
2022 $99,276 $9,403,925 $8,295,379 $1,108,546
2021 $97,366 $9,219,535 $8,132,725 $1,086,810
2020 $68,031 $6,427,402 $5,225,704 $1,201,698
2019 $66,608 $6,301,375 $5,123,239 $1,178,136
2018 $65,275 $6,177,819 $5,022,783 $1,155,036
2017 $64,359 $6,056,686 $4,924,297 $1,132,389
2016 $62,985 $5,937,928 $4,827,742 $1,110,186
2015 $62,421 $5,848,735 $4,755,225 $1,093,510
2014 $60,875 $5,734,167 $4,662,077 $1,072,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20009116

California Regional Multiple Listing Service (CRMLS)

APN: 048-202-25