$4,400,000
SOLD JUL 31, 2013
3 Beds
2 Baths
1,288 Sq Ft
3,200 Sq Ft Lot

Recently Sold

$3,416 Per Sq Ft

12% Below List Price

62 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Living Room with Attached Deck
  • Newport Elementary School Rated A
  • Ocean Side of Highway 1
  • L-Shaped Dining Room

About This Home

As of May 2018

Opening directly onto the sand, this idyllic single story oceanfront cottage boasts one of Newport's most coveted locations, the incomparable Balboa Peninsula Point. Spend endless summers in this charming seaside cottage, or build your dream home in this tranquil setting on the oceanfront - no boardwalk to interrupt the sweeping views and the sound of waves. Enjoy all the area has to offer including optional association and tennis. The property is conveniently located near shopping, the Balboa Pavilion and ferry to Balboa Island. Truly a special property.

Last Agent to Sell the Property

Vicki Lee

Compass License #00664250 Listed on: 04/09/2013

Compass

Co-Listed By

Tracy Alderson

COMPASS License #00940205

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754

Pacific Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $113,661

Year Built

  • Built in 1947

Lot Details

  • 3,200 Sq Ft Lot
  • Lot Dimensions are 40 x 80
  • Property fronts an alley
  • Southwest Facing Home
  • Wood Fence
  • Block Wall Fence
  • Property is zoned r1

Parking

  • 2 Car Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Cottage
  • Raised Foundation
  • Tar and Gravel Roof
  • Asphalt Roof

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Track Lighting
  • Shutters
  • Drapes & Rods
  • Window Screens
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Built-In Range
  • Dishwasher
  • Kitchen Island
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Underground Utilities
  • Sewer Paid

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 8 / c
  • Tax Tract Number 518
  • Assessor Parcel Number 04821220

Home Details

Home Type

Single Family

Est. Annual Taxes

$113,661

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Zoning: r1
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04821220
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1288.00
  • Interior Amenities: Built-in Features, Living Room Deck Attached, Tile Counters, Track Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Ell
  • Levels: One
  • Price Per Square Foot: 3416.15
  • Room Type: All Bedrooms Down, Main Floor Bedroom
  • Window Features: Drapes, Screens, Shutters
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Foundation: Raised
  • View: Catalina, Coastline, Ocean, Panoramic, White Water
  • Fence: Yes
  • Fencing: Block, Wood
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Asphalt, Tar/Gravel

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Electric Range, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Forced Air
  • Laundry Features: Common Area, Gas Dryer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size: 40 X 80
  • Lot Size Sq Ft: 3200.00
  • Lot Size Acres: 0.0730

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3200.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Access, Ocean Side Of Highway 1

Tax Info

  • Tax Block: c
  • Tax Lot: 8
  • Tax Tract Number: 518

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
$8,395,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,254,541
Avg. Annual Appreciation
-1.34%

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
5.84%
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $9,650,000 First American Title
Interfamily Deed Transfer $2,500,000 None Available
Interfamily Deed Transfer $2,500,000 None Available
Interfamily Deed Transfer -- None Available
Grant Deed $4,400,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,500,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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: LG13062384

California Regional Multiple Listing Service (CRMLS)

APN: 048-212-20