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
- Boat Dock
- Updated Kitchen
- Cape Cod Architecture
- Newport Elementary School Rated A
- Open Floorplan
- Stone Countertops
About This Home
As of January 2025The beach retreat you have been waiting for - an adorable Peninsula Point cottage that checks all of the boxes. Located just one door from the sand this pristine Cape Cod bungalow says "Welcome Home" from the minute you enter. With a sunny front patio and charming Dutch door entry this cheerful two bedroom beach house is a true lock-and-leave vacation hideaway. Meticulously remodeled in 2009 the open floor plan features a gourmet island kitchen with Thermador stainless appliances, a sunny interior courtyard patio, surround sound stereo, central air-conditioning, a cozy office "nook", and an attached two car garage. With plenty of room to significantly expand the property in the future this home represents a fabulous value in the very best of seaside locations. Enjoy ocean breezes and beach close living on The Point with access the community private bay beach area, barbecue and boat launch ramp, the Peninsula Point Racquet Club and the legendary Wedge.
Last Agent to Sell the Property
Coldwell Banker Realty License #01892201 Listed on: 05/31/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,342
Year Built
- Built in 1958 | Remodeled
Lot Details
- 2,450 Sq Ft Lot
- Lot Dimensions are 36x70
- Landscaped
Parking
- 2 Car Direct Access Garage
- Parking Available
- Single Garage Door
Home Design
- Cape Cod Architecture
- Bungalow
Interior Spaces
- 1,000 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wired For Sound
- Gas Fireplace
- Great Room with Fireplace
- Neighborhood Views
Kitchen
- Updated Kitchen
- 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
- Laundry in Garage
- Washer and Gas Dryer Hookup
Outdoor Features
- Patio
- Exterior Lighting
- Front Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Additional Features
- No Interior Steps
- Urban Location
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 518
- Assessor Parcel Number 04820214
Community Details
Overview
- No Home Owners Association
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
Recreation
- Boat Dock
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
18
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
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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: NP18128696
APN: 048-202-14
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