NOT LISTED FOR SALE

1615 W Balboa Blvd Newport Beach, CA 92663

Central Newport Beach Neighborhood

Estimated Value: $2,630,000 - $4,104,000

5 Beds
3 Baths
1,812 Sq Ft
$1,785/Sq Ft Est. Value

Last Sold February 07, 2019

Last sale price $1,790,000 $988 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $19,641/month

77 Days on Market

Highlights

  • Marina
  • Beach Access
  • Updated Kitchen
  • Newport Elementary School Rated A
  • Marina View
  • 3-minute walk to Marina Park

About This Home

As of February 2019

Don’t miss out on the perfect opportunity to own one of the most prime located income producing duplex properties on the Peninsula. Just one house from the beach and directly across from the Marina Park, the detached units are ideal for short or long-term rentals. The completely remodeled single story front unit features 2 bedrooms, 1 bath. Remodel included new windows, wainscoting, appliances, plumbing, plank flooring, and heating system. A private shared courtyard separates the units and includes shared laundry and outdoor shower. Upon entry of the updated back unit you are greeted by a main floor bedroom and completely remodeled bathroom. Upstairs includes 2 bedrooms, 1 updated bathroom, and amazing bay views from the wooden deck. Property has a 2 car attached garage with easy alley access.

Last Agent to Sell the Property

Demetria Moore

Christie's International R.E. Southern California License #01891193 Listed on: 11/13/2018

Christie's International R.E. Southern California

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,736

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Two Garage Doors

Property Views

  • Marina
  • Bay
  • City Lights
  • Peek-A-Boo
  • Park or Greenbelt

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 1,812 Sq Ft Home
  • 2-Story Property
  • Wired For Data
  • Double Pane Windows
  • Living Room

Kitchen

  • Updated Kitchen
  • Gas Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Multi-Level Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • 3 Full Bathrooms
  • <<tubWithShowerToken>>
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Exterior Lighting

Location

  • Property is near a park

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 515
  • Assessor Parcel Number 04720208

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Marina

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,736

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Zoning: R2
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 04720208
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1812.00 Square Feet
  • Interior Amenities: Wired for Data
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 987.86
  • Room Type: Guest/Maid's Quarters, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Multi-Level Bedroom
  • Window Features: Double Pane Windows
  • Bathroom Features: Shower, Shower In Tub, Remodeled, Upgraded
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: Bay, City Lights, Marina, Park/Greenbelt, Peek-A-Boo, Water
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Range
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Park Nearby
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access, Marina in Community

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 22
  • Tax Tract Number: 515

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Smith 507 Llc
Bought by
Yant Flat Llc
Current Estimated Value
$3,234,177

Purchase Details

Listed on
Nov 13, 2018
Closed on
Jan 18, 2019
Sold by
Sarai Paul and Sarai Komal
Bought by
Smith 507 Llc
Seller's Agent
Demetria Moore
Christie's International R.E. Southern California
Buyer's Agent
Tim Smith
Coldwell Banker Realty
List Price
$1,888,888
Sold Price
$1,790,000
Premium/Discount to List
-$98,888
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%

Purchase Details

Listed on
Mar 29, 2016
Closed on
Sep 16, 2016
Sold by
James 1615 Llc
Bought by
Sarai Paul and Sarai Komal
Seller's Agent
Kristin Halton
Douglas Elliman Of California
Buyer's Agent
Sarah Piazza
HomeSmart, Evergreen Realty
List Price
$1,450,000
Sold Price
$1,417,250
Premium/Discount to List
-$32,750
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%

Purchase Details

Listed on
Jun 7, 2013
Closed on
Jun 20, 2013
Sold by
Callahan Kathleen T
Bought by
James 1615 Llc
Seller's Agent
Jim Jacobs
Jim Jacobs Realty
Buyer's Agent
Rick Langevin
Surterre Properties Inc.
List Price
$1,048,000
Sold Price
$1,050,000
Premium/Discount to List
$2,000
0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%

Purchase Details

Closed on
Oct 1, 2003
Sold by
Logan Rose C
Bought by
Logan Rose Callahan
Source: Public Records

Range of Values:

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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
Yant Flat Llc -- None Available
Smith 507 Llc $1,790,000 Fidelity National Title Co
Sarai Paul $1,417,500 California Title Company
James 1615 Llc $1,050,000 First American Title Company
Logan Rose Callahan -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2019 02/07/19 Sold $1,790,000 -3.2% $988 / Sq Ft
01/06/2019 01/06/19 Price Changed $1,850,000 -2.1% $1,021 / Sq Ft
10/30/2018 10/30/18 For Sale $1,888,888 +33.3% $1,042 / Sq Ft
10/12/2016 10/12/16 Sold $1,417,250 -5.2% $782 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
05/29/2016 05/29/16 Price Changed $1,495,000 +3.1% $825 / Sq Ft
05/27/2016 05/27/16 For Sale $1,450,000 0.0% $800 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $1,450,000 0.0% $800 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $1,450,000 +38.1% $800 / Sq Ft
07/11/2013 07/11/13 Sold $1,050,000 +0.2% $579 / Sq Ft
06/04/2013 06/04/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $1,048,000 -- $578 / 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
2024 $20,736 $1,919,241 $1,821,908 $97,333
2023 $21,120 $1,881,609 $1,786,184 $95,425
2022 $20,949 $1,844,715 $1,751,161 $93,554
2021 $21,227 $1,844,715 $1,751,161 $93,554
2020 $20,969 $1,825,800 $1,733,205 $92,595
2019 $17,381 $1,474,506 $1,389,208 $85,298
2018 $17,118 $1,445,595 $1,361,969 $83,626
2017 $16,837 $1,417,250 $1,335,263 $81,987
2016 $13,339 $1,087,311 $1,002,830 $84,481
2015 $13,233 $1,070,979 $987,766 $83,213
2014 $12,942 $1,050,000 $968,417 $81,583
Source: Public Records

Agents Affiliated with this Home

  • Demetria Moore

    Seller's Agent in 2019

    Demetria Moore

    Christie's International R.E. Southern California

    (949) 233-9415

    27 Total Sales

    Demetria Moore
    Section Image
  • Tim Smith

    Buyer's Agent in 2019

    Tim Smith

    Coldwell Banker Realty

    (949) 717-4711

    13 in this area

    718 Total Sales

    Tim Smith
    Section Image
  • Kristin Halton

    Seller's Agent in 2016

    Kristin Halton

    Douglas Elliman Of California

    (949) 433-3634

    75 Total Sales

    Kristin Halton
    Section Image
  • Sarah Piazza

    Buyer's Agent in 2016

    Sarah Piazza

    HomeSmart, Evergreen Realty

    (949) 290-8951

    27 Total Sales

    Sarah Piazza
    Section Image
  • Jim Jacobs

    Seller's Agent in 2013

    Jim Jacobs

    Jim Jacobs Realty

    (949) 689-4200

    11 Total Sales

    Jim Jacobs
    Section Image
  • Rick Langevin

    Buyer's Agent in 2013

    Rick Langevin

    Surterre Properties Inc.

    (949) 933-2777

    17 Total Sales

    Rick Langevin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18267965

California Regional Multiple Listing Service (CRMLS)

APN: 047-202-08

California Orange County Newport Beach 92663 Central Newport Beach

1615 W Balboa Blvd, Newport Beach, CA

This home is located at 1615 W Balboa Blvd, Newport Beach, CA 92663 since 13 November 2018 and is currently estimated at $3,234,177, approximately $1,784 per square foot. This property was built in 1950. 1615 W Balboa 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.

California Regional Multiple Listing Service (CRMLS) 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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