1700 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
3
Beds
2.5
Baths
2,987
Sq Ft
3,200
Sq Ft Lot
Highlights
- Ocean Front
- Fireplace in Primary Bedroom
- No HOA
- Newport Elementary School Rated A
- Corner Lot
- 3 Car Attached Garage
About This Home
As of December 2020Sitting right on the sand on the coveted Peninsula Point, 1700 East Oceanfront is a rare opportunity to own a home with panoramic Pier to Jetty views and no boardwalk; making it exceptionally private and quiet. This corner lot, beachfront home is filled with charm from the spacious, sunlit rooms, wood beam ceilings, arched doors and windows. This is a perfect primary residence, great beachfront getaway or an opportunity to build your oceanfront home in an excellent location. Parking for 3 cars.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $86,996
Year Built
- Built in 1933
Lot Details
- 3,200 Sq Ft Lot
- Lot Dimensions are 40x80
- Ocean Front
- Corner Lot
- Property is zoned R1
Parking
- 3 Car Attached Garage
Property Views
- White Water Ocean
- Catalina
Interior Spaces
- 2,987 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
Outdoor Features
- Property has ocean access
- Tile Patio or Porch
Location
- Suburban Location
Utilities
- Forced Air Heating System
- Sewer Paid
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 04821229
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2020
Closed on
Dec 8, 2020
Sold by
Reynolds Bradley V and The Bradley V Reynolds Trust
Bought by
Ressler Ocean Front Llc
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Ron Millar
Arbor Real Estate
List Price
$7,599,000
Sold Price
$7,050,000
Premium/Discount to List
-$549,000
-7.22%
Total Days on Market
419
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
$491,853
Avg. Annual Appreciation
2.99%
Original Mortgage
$4,582,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 4, 2017
Closed on
May 29, 2018
Sold by
Camp Properties Llc
Bought by
Reynolds Bradley V and Reynolds Kathryn
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$7,695,000
Sold Price
$7,500,000
Premium/Discount to List
-$195,000
-2.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.48%
Purchase Details
Closed on
Sep 24, 2007
Sold by
Covitz Carl D and Covitz Aviva H
Bought by
Camp Properties Llc
Purchase Details
Closed on
Jul 25, 2007
Sold by
Mohilef Paul S and Mohilef Diane Cheryl
Bought by
Covitz Carl D and Covitz Aviva H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,090,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 21, 2003
Sold by
Mohilef Paul S
Bought by
Mohilef Paul S and Mohilef Diane Cheryl
Purchase Details
Closed on
Oct 8, 2002
Sold by
Mohilef David M
Bought by
Mohilef David M and Mohilef Monica M
Purchase Details
Closed on
Sep 30, 2002
Sold by
Mohilef Paul S
Bought by
Mohilef Paul S and Mohilef Diane Cheryl
Purchase Details
Closed on
Sep 24, 2002
Sold by
Mohilef Edward G
Bought by
Mohilef Edward G and Edward G Mohilef Revocable Living Trust
Purchase Details
Closed on
Sep 17, 2002
Sold by
Mohilef Ethel
Bought by
Mohilef Paul S and Mohilef David M
Purchase Details
Closed on
Sep 15, 1998
Sold by
Ethel Mohilef
Bought by
Mohilef Ethel and Ethel Mohilef Qualified Residence Trust
Purchase Details
Closed on
Oct 25, 1995
Sold by
Mohilef Edward G
Bought by
Mohilef Edward G
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $7,050,000 | Fidelity Natl Ttl Orange Cnt | |
| Grant Deed | $7,500,000 | First American Title Co | |
| Grant Deed | -- | Ctc | |
| Grant Deed | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $8,500,000 | New Conventional | |
| Closed | $2,775,000 | Credit Line Revolving | |
| Closed | $2,000,000 | New Conventional | |
| Closed | $4,582,000 | New Conventional | |
| Previous Owner | $6,090,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2020 12/29/20 | Sold | $7,050,000 | -3.4% | $2,360 / Sq Ft |
| 12/06/2020 12/06/20 | Pending | -- | -- | -- |
| 11/02/2020 11/02/20 | Price Changed | $7,300,000 | -3.9% | $2,444 / Sq Ft |
| 08/10/2020 08/10/20 | For Sale | $7,599,000 | +1.3% | $2,544 / Sq Ft |
| 07/16/2018 07/16/18 | Sold | $7,500,000 | -2.5% | $2,511 / Sq Ft |
| 05/28/2018 05/28/18 | Pending | -- | -- | -- |
| 04/04/2017 04/04/17 | For Sale | $7,695,000 | -- | $2,576 / 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 | $86,996 | $8,230,515 | $7,196,403 | $1,034,112 |
| 2023 | $79,585 | $7,555,520 | $7,055,298 | $500,222 |
| 2022 | $76,001 | $7,191,000 | $6,916,959 | $274,041 |
| 2021 | $74,539 | $7,050,000 | $6,781,332 | $268,668 |
| 2020 | $80,903 | $7,650,000 | $7,381,745 | $268,255 |
| 2019 | $79,209 | $7,500,000 | $7,237,004 | $262,996 |
| 2018 | $73,915 | $7,000,000 | $6,711,756 | $288,244 |
| 2017 | $74,049 | $7,000,000 | $6,711,756 | $288,244 |
| 2016 | $84,442 | $8,012,422 | $7,724,178 | $288,244 |
| 2015 | $84,926 | $8,012,422 | $7,724,178 | $288,244 |
| 2014 | $82,921 | $7,855,470 | $7,572,872 | $282,598 |
Source: Public Records
Agents Affiliated with this Home
-
Kim Bibb
Seller's Agent in 2020
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
54 in this area
125 Total Sales
-
Ron Millar
Buyer's Agent in 2020
Ron Millar
Arbor Real Estate
(949) 233-8080
3 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP17070463
APN: 048-212-29
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