NOT LISTED FOR SALE

Estimated Value: $7,216,000 - $10,631,481

4 Beds
3.5 Baths
3,000 Sq Ft
$2,844/Sq Ft Est. Value

Last Sold May 30, 2018

Last sale price $9,650,000 $3,217 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $53,504/month

36 Days on Market

Highlights

  • Ocean Front
  • Fireplace in Primary Bedroom
  • No HOA
  • Newport Elementary School Rated A
  • Bonus Room
  • Walk-In Pantry

About This Home

As of May 2018

This home offers the ultimate experience of Newport Peninsula’s modern Oceanfront living. Sitting right on the sand on the exclusive Peninsula Point with jaw-dropping Jetty views and no boardwalk, making it exceptionally private. Completed in 2016 no detail was overlooked; from the Savant operating system, Fleetwood windows and lift and slide doors throughout—which provides a unique indoor/outdoor living experience—turning the 3,000 sq ft home into an over 4,000 sq ft spectacular living space. The main level of the residence offers fabulous venues for entertaining, including a large open living room and dining room facing the ocean to capture the breathtaking beach with ocean views from every window. The second level features a master retreat with spa-inspired amenities, a shower that opens to the ocean and is outfitted with water and city lights views as far as the eye can see. The third level includes a custom-designed room with built-in bunks, wall-mounted TV, and stunning panoramic views. A beach patio with custom linear fireplace, built in BBQ, mahogany benches, ceiling heaters, a beach spotlight and custom sound system throughout creates fun and enjoyment on what feels like forty feet of your own private beach. Dramatic, unobstructed views of the Ocean, The Wedge, & City Lights can be observed from almost every window in this modern masterpiece on the sand, making this Peninsula Point Oceanfront truly one of a kind.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 03/07/2018

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Jeremy Fischer

Nourmand & Associates-HW License #01956911

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 3,200 Sq Ft Lot
  • Ocean Front
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Turnkey

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Outdoor Features

  • Fireplace in Patio
  • Patio
  • Outdoor Fireplace

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 04821220

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04821220
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00 Square Feet
  • Interior Amenities: Built-in Features
  • Stories: 3
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room, Master Bedroom, Outside, Patio
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3216.67
  • Room Type: All Bedrooms Up, Bonus Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
  • Bathroom Features: Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Catalina, City Lights, Ocean, Panoramic, Water, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3200.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2018
Closed on
Apr 19, 2018
Sold by
Fenstermacher Alan R and Fenstermacher Danette S
Bought by
Fischer Samuel N and Fischer Leah S
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Jeremy Fischer
Nourmand & Associates-HW
List Price
$9,995,000
Sold Price
$9,650,000
Premium/Discount to List
-$345,000
-3.45%
Current Estimated Value
$8,404,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,245,943
Avg. Annual Appreciation
-1.61%

Purchase Details

Closed on
Oct 21, 2016
Sold by
Fenstermacher Alan R and Fenstermacher Danette S
Bought by
Fenstermacher Alan R and Fenstermacher Danette S

Purchase Details

Closed on
May 1, 2014
Sold by
Fenstermacher Alan R and Fenstermacher Danette S
Bought by
Fenstermacher Living Trust

Purchase Details

Listed on
Apr 9, 2013
Closed on
Jun 11, 2013
Sold by
Compton Charles A
Bought by
Fenstermacher Alan R and Fenstermacher Danette S
Seller's Agent
Vicki Lee
Compass
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$4,995,000
Sold Price
$4,400,000
Premium/Discount to List
-$595,000
-11.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fischer Samuel N $9,650,000 First American Title
Fenstermacher Alan R $2,500,000 None Available
Fenstermacher Alan R $2,500,000 None Available
Fenstermacher Living Trust -- None Available
Fenstermacher Alan R $4,400,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fenstermacher Alan R $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2018 05/30/18 Sold $9,650,000 -3.5% $3,217 / Sq Ft
04/12/2018 04/12/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $9,995,000 +127.2% $3,332 / Sq Ft
07/31/2013 07/31/13 Sold $4,400,000 -4.2% $3,416 / Sq Ft View Prior Sale
06/10/2013 06/10/13 Pending -- -- --
05/06/2013 05/06/13 Price Changed $4,595,000 -8.0% $3,568 / Sq Ft
04/09/2013 04/09/13 For Sale $4,995,000 -- $3,878 / 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 $113,661 $10,980,051 $9,302,011 $1,678,040
2024 $113,661 $10,764,756 $9,119,618 $1,645,138
2023 $111,014 $10,553,683 $8,940,802 $1,612,881
2022 $109,192 $10,346,749 $8,765,493 $1,581,256
2021 $107,091 $10,143,872 $8,593,621 $1,550,251
2020 $106,065 $10,039,860 $8,505,504 $1,534,356
2019 $103,842 $9,843,000 $8,338,729 $1,504,271
2018 $64,293 $6,091,404 $4,688,976 $1,402,428
2017 $63,152 $5,971,965 $4,597,035 $1,374,930
2016 $60,338 $5,715,800 $4,506,897 $1,208,903
2015 $52,141 $4,906,777 $4,439,200 $467,577
2014 $46,593 $4,400,000 $4,352,243 $47,757
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18051743

California Regional Multiple Listing Service (CRMLS)

APN: 048-212-20