1569 E Ocean Blvd Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
2
Beds
1.5
Baths
1,000
Sq Ft
2,450
Sq Ft Lot
Highlights
- Updated Kitchen
- Open Floorplan
- Stone Countertops
- Newport Elementary School Rated A
- Cape Cod Architecture
- No HOA
About This Home
As of January 2025Welcome 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
Pacific Sotheby's Int'l Realty Brokerage Phone: 714-396-0185 License #01210754 Listed on: 01/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,342
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
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
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
Total Days on Market
1
Views
18
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
$94,273
Avg. Annual Appreciation
7.46%
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
6.04%
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
$274,500
Interest Rate
4.82%
Mortgage Type
Credit Line Revolving
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
$274,500
Interest Rate
4.82%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 21, 2002
Sold by
Arakelian Edward
Bought by
Edward Arakelian Personal Residence Tr#2 and Arakelian Edward
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,495,000 | Chicago Title | |
| Grant Deed | $2,300,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $2,385,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $1,200,000 | California Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,150,000 | New Conventional | |
| Previous Owner | $596,000 | New Conventional | |
| Previous Owner | $605,000 | New Conventional | |
| Previous Owner | $274,500 | Credit Line Revolving | |
| Previous Owner | $625,500 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $560,000 | Stand Alone First | |
| Previous Owner | $577,500 | Stand Alone First | |
| Previous Owner | $300,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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 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 | $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
-
Kim Bibb
Seller's Agent in 2025
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
53 in this area
124 Total Sales
-
Steve High
Buyer's Agent in 2025
Steve High
Pacific Sotheby's Int'l Realty
(949) 874-4724
4 in this area
72 Total Sales
-
Evan Corkett
Buyer Co-Listing Agent in 2025
Evan Corkett
Pacific Sotheby's Int'l Realty
(949) 285-1055
3 in this area
51 Total Sales
-
Tara Shapiro
Seller's Agent in 2020
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
40 in this area
95 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP24254453
APN: 048-202-14
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