1577 E Ocean Blvd Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $4,505,000 - $6,282,191
5
Beds
4
Baths
2,700
Sq Ft
$2,053/Sq Ft
Est. Value
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 2012JUST 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
Coldwell Banker Realty License #01476106 Listed on: 03/14/2011
Last Buyer's Agent
Kim Krones
Reliant Realty License #01029601
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,195
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
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%
Total Days on Market
260
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
$3,243,548
Avg. Annual Appreciation
6.80%
Original Mortgage
$1,610,000
Outstanding Balance
$1,053,537
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$4,501,546
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%
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 | 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 | $692,000 | |
| Closed | Pittorff Walter E | $846,000 | |
| Closed | Pittroff Walter E | $950,000 | |
| Open | Pittroff Walter E | $1,610,000 | |
| Previous Owner | Meyers Craig M | $2,000,000 | |
| Previous Owner | Hendrickson Mauri D | $300,000 | |
| Previous Owner | Hendrickson Mauri D | $496,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 | $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
116 Total Sales
-
Buyer's Agent in 2012
Kim Krones
Reliant Realty
(949) 795-2000
16 Total Sales
-
B
Buyer Co-Listing Agent in 2012
Bernadette Pittroff
Podley Properties
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: U11001163
APN: 048-202-16
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