NOT LISTED FOR SALE

1580 E Ocean Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $4,212,000 - $10,896,016

3 Beds
3 Baths
2,781 Sq Ft
$2,712/Sq Ft Est. Value

About This Home

This home is located at 1580 E Ocean Blvd, Newport Beach, CA 92661 and is currently estimated at $7,542,754, approximately $2,712 per square foot. 1580 E Ocean Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 2021
Sold by
Akins Bruce and Akins Carole M
Bought by
Reuben Jeffrey and Newport Balboa Trust
Current Estimated Value
$7,542,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,750,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2003
Sold by
Akins Bruce and Akins Carole M
Bought by
Akins Bruce and Akins Carole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2003
Sold by
Akins Bruce and Akins Carole M
Bought by
Akins Bruce and Akins Carole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2001
Sold by
Staaf John Kirk and Fisher Susan Staaf
Bought by
Akins Bruce and Akins Carole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.63%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Reuben Jeffrey $8,150,000 Chicago Title Company
Akins Bruce -- --
Akins Bruce -- First American Title Co
Akins Bruce $3,300,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Akins Bruce $4,750,000
Previous Owner Akins Bruce $729,700
Previous Owner Akins Bruce $1,000,000
Previous Owner Akins Bruce $2,000,000
Previous Owner Akins Bruce $1,000,000
Source: Public Records

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
2024 $91,397 $8,648,845 $8,232,142 $416,703
2023 $89,268 $8,479,260 $8,070,727 $408,533
2022 $87,802 $8,313,000 $7,912,477 $400,523
2021 $49,601 $4,686,743 $4,279,891 $406,852
2020 $49,125 $4,638,687 $4,236,006 $402,681
2019 $48,098 $4,547,733 $4,152,947 $394,786
2018 $47,135 $4,458,562 $4,071,516 $387,046
2017 $46,298 $4,371,140 $3,991,683 $379,457
2016 $45,252 $4,285,432 $3,913,415 $372,017
2015 $44,828 $4,221,061 $3,854,632 $366,429
2014 $43,769 $4,138,377 $3,779,125 $359,252
Source: Public Records

Map

California Orange County Newport Beach 92661 Balboa Peninsula Point

1580 E Ocean Blvd, Newport Beach, CA

This home is located at 1580 E Ocean Blvd, Newport Beach, CA 92661 and is currently estimated at $7,542,754, approximately $2,712 per square foot. 1580 E Ocean Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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