Seller's Agent in 2018
Paul Daftarian
Luxe Real Estate
(714) 865-5969
2 in this area
246 Total Sales
1601 E Bay Ave Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $8,140,000 - $13,329,009
4
Beds
6
Baths
6,600
Sq Ft
$1,626/Sq Ft
Est. Value
Highlights
- Ocean Front
- Docks
- 6,355 Sq Ft lot
- Newport Elementary School Rated A
- Primary Bedroom Suite
- Open Floorplan
About This Home
As of March 2018A modern Spanish expression of architectural beauty, professionally designed by Don Stine, this home is as rare as it is impressive. Relish 180-degree glistening ocean and harbor views throughout the day before being enamored by a dazzling array of nighttime city lights from the Balboa Pavillion to Fashion Island that embellish the ‘gold coast’ with brilliance. This custom, seaside villa situated on a 60-ft. double wide lot boasts nearly 6600 sqft. of living space accompanied by 4 bedrooms and 5 baths that are complemented by an open floor plan which creates seamless transitions between the family room, dining area, and kitchen. A warm, tranquil courtyard lies in the center of the property, allowing an abundance of natural light to flood the home, while 11-foot ceilings highlight the bright, airy impression felt throughout the interior. Tall hedges surround the property, creating a level of privacy that is rarely found yet highly sought after in waterfront communities. A large pier lies adjacent to the main boat slip that accommodates a 50-foot boat as well as two additional boats.
Last Agent to Sell the Property
Luxe Real Estate License #01317949 Listed on: 01/11/2018
Home Details
Home Type
- Single Family
Year Built
- Built in 2006
Lot Details
- 6,355 Sq Ft Lot
- Ocean Front
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Home fronts a canal
- Landscaped
- Corner Lot
- Back Yard
Parking
- 2 Car Attached Garage
- Parking Available
Property Views
- Ocean
- Panoramic
- City Lights
Interior Spaces
- 6,600 Sq Ft Home
- Open Floorplan
- Wet Bar
- Built-In Features
- Bar
- Two Story Ceilings
- Recessed Lighting
- Formal Entry
- Living Room with Fireplace
- Dining Room
- Home Office
Kitchen
- Breakfast Area or Nook
- Walk-In Pantry
- Butlers Pantry
- Built-In Range
- Range Hood
- Dishwasher
- Kitchen Island
- Granite Countertops
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Retreat
- Fireplace in Primary Bedroom
- Fireplace in Primary Bedroom Retreat
- Primary Bedroom Suite
- Walk-In Closet
- Stone Bathroom Countertops
- Tile Bathroom Countertop
- Makeup or Vanity Space
- Private Water Closet
- Bathtub
- Separate Shower
- Linen Closet In Bathroom
Laundry
- Laundry Room
- Laundry on upper level
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Docks
- Balcony
Utilities
- Central Air
- Sewer Paid
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 628
- Assessor Parcel Number 04823140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 23, 2019
Sold by
Silvers Craig S and Silvers Arlene M
Bought by
Argent Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Outstanding Balance
$6,039,302
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,695,203
Purchase Details
Closed on
Aug 23, 2019
Sold by
Silvers Craig S and Silvers Arlene M
Bought by
Silvers Craig S and Silvers Arlene M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Outstanding Balance
$6,039,302
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,695,203
Purchase Details
Closed on
Jun 6, 2019
Sold by
Argent Llc
Bought by
Silvers Craig S and Silvers Arlene M
Purchase Details
Listed on
Jan 11, 2018
Closed on
Mar 22, 2018
Sold by
Hecht Donald
Bought by
Argent Llc
Seller's Agent
Paul Daftarian
Luxe Real Estate
Buyer's Agent
Doug Echelberger
Inhabit Collective
List Price
$13,495,000
Sold Price
$12,300,000
Premium/Discount to List
-$1,195,000
-8.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.75%
Original Mortgage
$700,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 1, 2014
Sold by
Hecht Donald
Bought by
Hecht Donald
Purchase Details
Closed on
Oct 27, 2009
Sold by
Allen William H and Allen Sharon Mcginnis
Bought by
Hecht Donald and Hecht Carol Sue
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,590,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 4, 2006
Sold by
Allen William H and Allen Sharon Mcginnis
Bought by
Allen William H and Allen Sharon Mcginnis
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 |
|---|---|---|---|
| Argent Llc | -- | None Available | |
| Silvers Craig S | -- | Lawyers Title Company | |
| Silvers Craig S | -- | None Available | |
| Argent Llc | $12,300,000 | North American Title | |
| Hecht Donald | -- | None Available | |
| Hecht Donald | -- | None Available | |
| Hecht Donald | $12,650,000 | Stewart Title | |
| Allen William H | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Silvers Craig S | $7,000,000 | |
| Previous Owner | Argent Llc | $700,000 | |
| Previous Owner | Hecht Donald | $7,590,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/23/2018 03/23/18 | Sold | $12,300,000 | -8.9% | $1,864 / Sq Ft |
| 02/27/2018 02/27/18 | Pending | -- | -- | -- |
| 01/11/2018 01/11/18 | For Sale | $13,495,000 | -- | $2,045 / 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 |
|---|---|---|---|---|
| 2025 | $145,836 | $14,099,002 | $12,971,256 | $1,127,746 |
| 2024 | $145,836 | $13,822,551 | $12,716,917 | $1,105,634 |
| 2023 | $142,441 | $13,551,521 | $12,467,566 | $1,083,955 |
| 2022 | $140,104 | $13,285,805 | $12,223,104 | $1,062,701 |
| 2021 | $136,685 | $12,956,672 | $11,983,435 | $973,237 |
| 2019 | $132,460 | $12,565,105 | $11,628,000 | $937,105 |
| 2018 | $151,162 | $14,350,961 | $13,137,372 | $1,213,589 |
| 2017 | $148,480 | $14,069,570 | $12,879,776 | $1,189,794 |
| 2016 | $145,120 | $13,793,697 | $12,627,232 | $1,166,465 |
| 2015 | $143,770 | $13,586,503 | $12,437,559 | $1,148,944 |
| 2014 | $140,376 | $13,320,363 | $12,193,925 | $1,126,438 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Daftarian
-
Sahand Zargari
S
Seller Co-Listing Agent in 2018
Sahand Zargari
Luxe Real Estate
(949) 444-3896
1 in this area
46 Total Sales
-
Doug Echelberger
Buyer's Agent in 2018
Doug Echelberger
Inhabit Collective
(949) 463-0400
1 in this area
371 Total Sales
-
S
Buyer Co-Listing Agent in 2018
Susan Hennebry
COMPASS
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18006320
APN: 048-231-44
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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