NOT LISTED FOR SALE

Estimated Value: $3,287,000 - $4,955,000

3 Beds
3 Baths
2,200 Sq Ft
$1,788/Sq Ft Est. Value

Last Sold August 27, 2012

Last sale price $1,400,000 $636 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $21,914/month

Highlights

  • City Lights View
  • Furnished
  • No HOA
  • Newport Elementary School Rated A
  • Great Room
  • Enclosed Patio or Porch

About This Home

As of July 2016

Just down the street from the world famous wedge and a few steps to the beach this sophisticated beach chic home boasts character and charm. Remodeled from the studs up in 2012 this three story 3 bedroom, 3 bath beach cottage inspired residence is picture-perfect throughout. Ideal for everyday living the main level of the residence offers fabulous venues for entertaining, the high exposed woof beam ceiling on the main floor living rooms capture spectacular from the enclosed side patio and see through fireplace. The ideal beach getaway or full time home.

Last Agent to Rent the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 07/04/2016

Pacific Sotheby's Int'l Realty

Last Renter's Agent

David Girling

Coldwell Banker Realty License #01852613

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 2,625 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,200 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • City Lights Views
  • Breakfast Bar
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms

Additional Features

  • Enclosed Patio or Porch
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Security Deposit $9,500
  • Rent includes gardener, trash collection
  • 12-Month Minimum Lease Term
  • Available 7/15/16
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 04821118

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2016-07-15
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Other: 500
  • Deposit Pets: 1000
  • Deposit Security: 9500
  • Furnished: Furnished
  • Pets Allowed: Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 04821118
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2200.00
  • Stories: 3
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 3.18
  • Room Type: All Bedrooms Up, Family Room, Great Room

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Enclosed
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside, Individual Room
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2625.00
  • Price Per Lot Square Foot: 2.67

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Rent Includes: Gardener, Trash Collection

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2012
Closed on
Jul 25, 2012
Sold by
Schaffer Mark Eric and Cain Schaffer Cynthia Elaine
Bought by
Farwell Heath Charles and Farwell Julie Elizabeth
Seller's Agent
Sharon Paxson
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,795,000
Sold Price
$1,400,000
Premium/Discount to List
-$395,000
-22.01%
Current Estimated Value
$3,934,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,534,384
Avg. Annual Appreciation
8.01%
Original Mortgage
$546,000
Outstanding Balance
$83,205
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$3,851,179

Purchase Details

Closed on
Oct 23, 2009
Sold by
Hamilton Mary R
Bought by
Schaffer Mark Eric and Cain Schaffer Cynthia Elaine

Purchase Details

Closed on
May 22, 2007
Sold by
Hamilton Mary Ruth Luther
Bought by
Hamilton Mary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2006
Sold by
Hamilton Mary Ruth Luther
Bought by
Hamilton Mary Ruth Luther

Purchase Details

Closed on
Feb 24, 2006
Sold by
Hamilton Mary R and Luther Eloise L
Bought by
Hamilton Mary R

Purchase Details

Closed on
Dec 11, 2004
Sold by
Luther Eloise L
Bought by
Luther Eloise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,500
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2004
Sold by
Luther Eloise L
Bought by
Luther Eloise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,500
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2003
Sold by
Luther Eloise L
Bought by
Luther Eloise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,500
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2001
Sold by
Luther Eloise L
Bought by
Luther Elois L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.08%

Purchase Details

Closed on
Sep 7, 1999
Sold by
Luther Eloise L
Bought by
Luther Eloise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Farwell Heath Charles $1,400,000 California Title Company
Schaffer Mark Eric $1,100,000 Stewart Title
Hamilton Mary R -- Stewart Title Of California
Hamilton Mary Ruth Luther -- None Available
Hamilton Mary R -- Lsi Title Co
Luther Eloise L -- Chicago Title Insurance Comp
Luther Eloise L -- Chicago Title Co
Luther Eloise L -- Chicago Title Insurance Co
Luther Eloise L -- Chicago Title
Luther Elois L -- Gateway Title Company
Luther Eloise L -- Chicago Title Co
Luther Eloise L -- Orange Coast Title
Luther Eloise L -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farwell Heath Charles $546,000
Previous Owner Hamilton Mary R $333,000
Previous Owner Luther Eloise L $205,500
Previous Owner Luther Eloise L $179,500
Previous Owner Luther Eloise L $155,000
Previous Owner Luther Eloise L $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2016 07/20/16 Rented $7,000 -6.7% --
07/14/2016 07/14/16 Off Market $7,500 -- --
07/04/2016 07/04/16 For Rent $7,500 0.0% --
08/27/2012 08/27/12 Sold $1,400,000 -12.4% $700 / Sq Ft View Prior Sale
03/17/2012 03/17/12 Price Changed $1,599,000 -10.9% $800 / Sq Ft
02/15/2012 02/15/12 For Sale $1,795,000 -- $898 / 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
2025 $18,541 $1,759,234 $1,527,541 $231,693
2024 $18,541 $1,724,740 $1,497,590 $227,150
2023 $18,708 $1,690,922 $1,468,225 $222,697
2022 $18,503 $1,657,767 $1,439,436 $218,331
2021 $18,342 $1,625,262 $1,411,212 $214,050
2020 $18,175 $1,608,597 $1,396,741 $211,856
2019 $17,835 $1,577,056 $1,369,354 $207,702
2018 $17,600 $1,546,134 $1,342,504 $203,630
2017 $17,270 $1,515,818 $1,316,180 $199,638
2016 $16,956 $1,486,097 $1,290,373 $195,724
2015 $16,878 $1,463,775 $1,270,990 $192,785
2014 $16,501 $1,435,102 $1,246,093 $189,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16144601

California Regional Multiple Listing Service (CRMLS)

APN: 048-211-18