NOT LISTED FOR SALE

1577 E Ocean Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $4,841,000 - $6,257,620

5 Beds
4 Baths
2,700 Sq Ft
$2,109/Sq Ft Est. Value

Last Sold January 09, 2012

Last sale price $2,300,000 $852 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $32,347/month

260 Days on Market

Highlights

  • Ocean View
  • Ocean Side of Freeway
  • Bonus Room with Fireplace
  • Newport Elementary School Rated A
  • Wood Flooring
  • Cottage

About This Home

As of January 2012

JUST REDUCED! SELLER WANTS THIS HOME SOLD! The best of beach house style, just one house off the sand in the exclusive enclave of Balboa Peninsula Point. You ll see dolphins splash from the sparkling ocean views of the second floor great room which, is decked out for entertaining with fully equipped kitchenette, fireplace, lounging area and ocean view patio with room for both dining and sunning. The upscale beach house-style extends throughout modern amenities including air conditioning, a rare luxury at the shore. Turnkey ready for relaxed coastal living and entertaining throughout approximately 2,700 square feet featuring 5 bedrooms, luxurious 4 baths and 2-car garage. Close proximity to local Balboa restaurants and shops. Enjoy the privileges only the locals know along this stretch of uncrowded shoreline beyond the boardwalk; adjacent to the world-famous Wedge surf spot.

Last Agent to Sell the Property

Jacqueline Thompson

Coldwell Banker Realty License #01476106 Listed on: 03/14/2011

Coldwell Banker Realty

Last Buyer's Agent

Kim Krones

Reliant Realty License #01029601

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 2,450 Sq Ft Lot
  • Lot Dimensions are 35x75
  • Level Lot

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • City Lights

Home Design

  • Cottage

Interior Spaces

  • 2,700 Sq Ft Home
  • Wired For Sound
  • Heatilator
  • Raised Hearth
  • Fireplace Features Masonry
  • French Doors
  • Sliding Doors
  • Great Room with Fireplace
  • Bonus Room with Fireplace
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Range
  • Warming Drawer
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Laundry in Garage

Outdoor Features

  • Ocean Side of Freeway
  • Stone Porch or Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 26 / B
  • Tax Tract Number 518
  • Assessor Parcel Number 04820216

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Balboa Peninsula Point
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04820216
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2700.00
  • Interior Amenities: Wired for Sound
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Breakfast Nook
  • Fireplace Features: Bonus Room, Great Room, Raised Hearth, Heatilator, Masonry
  • Levels: Two
  • Price Per Square Foot: 851.85
  • Room Type: Bonus Room, Great Room, Walk-In Closet

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: City Lights, Ocean
  • Fence: No
  • Patio And Porch Features: Stone
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Underground Utilities
  • Sprinklers: No
  • Heating: No
  • Laundry: No
  • Appliances: Built-In, Dishwasher, Gas Cooking, Ice Maker, Microwave, Oven, Range, Refrigerator, Trash Compactor, Warming Drawer
  • Heating Type: Central
  • Laundry Features: In Garage, Inside, Upper Level
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Land Lease Purchase: No
  • Lot Features: Level
  • Lot Size: 35x75
  • Lot Size Sq Ft: 2450.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2450.0000 Square Feet
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Block: B
  • Tax Lot: 26
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2011
Closed on
Nov 29, 2011
Sold by
Meyers Craig M and Meyers Francine
Bought by
Pittroff Walter E and Pittroff Marguerite E
Seller's Agent
Jacqueline Thompson
Coldwell Banker Realty
Buyer's Agent
Kim Krones
Reliant Realty
List Price
$2,895,000
Sold Price
$2,300,000
Premium/Discount to List
-$595,000
-20.55%
Current Estimated Value
$5,693,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,393,655
Avg. Annual Appreciation
6.70%
Original Mortgage
$1,610,000
Outstanding Balance
$1,032,649
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$4,661,006

Purchase Details

Closed on
Mar 2, 2007
Sold by
Betzler Eric and Betzler Cynthia
Bought by
Meyers Craig M and Meyers Francine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2002
Sold by
Hendrickson Mauri D and Hendrickson Lori P
Bought by
Betzler Eric and Betzler Cynthia

Purchase Details

Closed on
Apr 29, 1999
Sold by
Robert Penner and Robert Joy
Bought by
Hendrickson Mauri D and Hendrickson Lori P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
3.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Pittroff Walter E $2,300,000 Lawyers Title
Meyers Craig M $2,690,000 Stewart Title Irvine
Betzler Eric -- First American Title Co
Hendrickson Mauri D $620,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pittroff Walter E $1,610,000
Previous Owner Meyers Craig M $2,000,000
Previous Owner Hendrickson Mauri D $496,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2012 01/09/12 Sold $2,300,000 -7.8% $852 / Sq Ft
10/29/2011 10/29/11 Price Changed $2,495,000 -7.2% $924 / Sq Ft
08/02/2011 08/02/11 Price Changed $2,690,000 -7.1% $996 / Sq Ft
03/14/2011 03/14/11 For Sale $2,895,000 -- $1,072 / 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
2025 $30,195 $2,888,923 $2,575,846 $313,077
2024 $30,195 $2,832,278 $2,525,339 $306,939
2023 $29,489 $2,776,744 $2,475,823 $300,921
2022 $29,001 $2,722,299 $2,427,278 $295,021
2021 $28,445 $2,668,921 $2,379,684 $289,237
2020 $28,172 $2,641,555 $2,355,283 $286,272
2019 $27,587 $2,589,760 $2,309,101 $280,659
2018 $27,037 $2,538,981 $2,263,825 $275,156
2017 $26,800 $2,489,198 $2,219,437 $269,761
2016 $26,276 $2,440,391 $2,175,919 $264,472
2015 $26,053 $2,403,735 $2,143,235 $260,500
2014 $25,366 $2,356,650 $2,101,252 $255,398
Source: Public Records

Agents Affiliated with this Home

  • Jacqueline Thompson

    Seller's Agent in 2012

    Jacqueline Thompson

    Coldwell Banker Realty

    (949) 326-3392

    1 in this area

    111 Total Sales

    Jacqueline Thompson
    Section Image

  • K

    Buyer's Agent in 2012

    Kim Krones

    Reliant Realty

    Section Image

  • B

    Buyer Co-Listing Agent in 2012

    Bernadette Pittroff

    Podley Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11001163

California Regional Multiple Listing Service (CRMLS)

APN: 048-202-16

California Orange County Newport Beach 92661 Balboa Peninsula Point

1577 E Ocean Blvd, Newport Beach, CA

Not Listed for Sale

Detached

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