NOT LISTED FOR SALE

Estimated Value: $3,306,812 - $3,921,000

2 Beds
1.5 Baths
1,000 Sq Ft
$3,628/Sq Ft Est. Value

Sale Details

Date Sold: January 17, 2025

Last sale price $3,495,000 $3,495 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $21,422 / mo

1 Day on Market

Highlights

  • Updated Kitchen
  • Open Floorplan
  • Stone Countertops
  • Newport Elementary School Rated A
  • Cape Cod Architecture
  • No HOA

About This Home

As of January 2025

Welcome to 1569 E Ocean Blvd, just steps from the sand and bursting with coastal charm, this Balboa Peninsula Point cottage invites you in with a sunny front patio, a classic Dutch door, and an airy, open floor plan. The home features a chef’s dream kitchen with Thermador stainless steel appliances, a cozy office nook, and a serene interior courtyard patio - perfect for outdoor entertaining. The attached two-car garage and thoughtful design make it a true lock-and-leave escape. This two-bedroom, two-bathroom gem is an incredible opportunity in one of the most coveted locations. Relish in ocean breezes and exclusive access to community perks like a private bay beach, barbecue area, boat launch, and the world-famous Wedge.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty Brokerage Phone: 714-396-0185 License #01210754 Listed on: 01/09/2025

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Steve High

Pacific Sotheby's Int'l Realty License #00936421

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 2,450 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • Cape Cod Architecture
  • Bungalow
  • Entry on the 1st floor

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Home Office
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Six Burner Stove
  • Built-In Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Patio
  • Outdoor Grill
  • Front Porch

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 28 / B
  • Tax Tract Number 518
  • Assessor Parcel Number 04820214
  • $380 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Recreation

  • Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1958 | Remodeled

Lot Details

2,450 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Bungalow, Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04820214
  • Year Built: 1958
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1000.00 Square Feet
  • Interior Amenities: Open Floorplan, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Gas, Great Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3495.00
  • Room Type: Kitchen, Living Room, Office
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Patio, Front Porch, Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Gas Dryer Hookup, In Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Watersports, Sidewalks

Schools

  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2450.00
  • Lot Size Acres: 0.0562

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2450.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: B
  • Tax Census Tract: 628.00
  • Tax Lot: 28
  • Tax Tract Number: 518
  • TaxOtherAnnualAssessmentAmount: 380.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2025
Closed on
Jan 14, 2025
Sold by
Mills Family Trust and Mills Richard Jason
Bought by
James And Michelle Brooks Family Trust and Brooks
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Steve High
Pacific Sotheby's Int'l Realty
List Price
$3,495,000
Sold Price
$3,495,000
Views
18
Current Estimated Value
$3,622,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,861
Avg. Annual Appreciation
2.90%

Purchase Details

Listed on
Oct 8, 2019
Closed on
Jun 2, 2020
Sold by
Wicker Jeffery D and Wicker Katherine B
Bought by
Mills Richard Jason and Mills Demi L
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$2,495,000
Sold Price
$2,300,000
Premium/Discount to List
-$195,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%

Purchase Details

Closed on
Jun 28, 2019
Sold by
Wicker Jeffrey D and Wicker Katherine B
Bought by
Wicker Jeffrey D and Wicker Katherine B

Purchase Details

Listed on
May 31, 2018
Closed on
Jun 19, 2018
Sold by
Rimmer Harold Timothy and Rimmer Sally K
Bought by
Wicker Jeffrey D and Wicker Katherine B
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$2,395,000
Sold Price
$2,395,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%

Purchase Details

Closed on
May 14, 2009
Sold by
Rimmer Harold T and Rimmer Sally K
Bought by
Rimmer Harold Timothy and Rimmer Sally K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2009
Sold by
Arakelian Edward
Bought by
Rimmer Harold T and Rimmer Sally K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2002
Sold by
Arakelian Edward
Bought by
Edward Arakelian Personal Residence Tr#2 and Arakelian Edward
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
James And Michelle Brooks Family Trust $3,495,000 Chicago Title
Mills Richard Jason $2,300,000 First American Title Company
Wicker Jeffrey D -- None Available
Wicker Jeffrey D $2,385,000 Chicago Title Co
Rimmer Harold Timothy -- Accommodation
Rimmer Harold T $1,200,000 California Title Company
Edward Arakelian Personal Residence Tr#2 -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Rimmer Harold T $625,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2025 01/17/25 Sold $3,495,000 0.0% $3,495 / Sq Ft
01/09/2025 01/09/25 For Sale $3,495,000 +52.0% $3,495 / Sq Ft
06/12/2020 06/12/20 Sold $2,300,000 -7.8% $2,300 / Sq Ft View Prior Sale
05/29/2020 05/29/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $2,495,000 +8.5% $2,495 / Sq Ft
04/01/2020 04/01/20 Off Market $2,300,000 -- --
12/05/2019 12/05/19 Price Changed $2,495,000 -3.1% $2,495 / Sq Ft
10/08/2019 10/08/19 For Sale $2,575,000 +7.5% $2,575 / Sq Ft
07/09/2018 07/09/18 Sold $2,395,000 0.0% $2,395 / Sq Ft View Prior Sale
06/18/2018 06/18/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $2,395,000 -- $2,395 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $26,342 $2,515,385 $2,457,810 $57,575
2024 $26,342 $2,466,064 $2,409,617 $56,447
2023 $25,725 $2,417,710 $2,362,369 $55,341
2022 $25,299 $2,370,304 $2,316,048 $54,256
2021 $24,814 $2,323,828 $2,270,635 $53,193
2020 $25,973 $2,432,700 $2,378,982 $53,718
2019 $25,434 $2,385,000 $2,332,335 $52,665
2018 $14,554 $1,358,124 $1,297,750 $60,374
2017 $14,538 $1,331,495 $1,272,304 $59,191
2016 $14,290 $1,305,388 $1,247,357 $58,031
2015 $14,178 $1,285,780 $1,228,620 $57,160
2014 $13,769 $1,260,594 $1,204,553 $56,041
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24254453

California Regional Multiple Listing Service (CRMLS)

APN: 048-202-14

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