$3,300,000
SOLD FEB 28, 2017
7 Beds
8 Baths
6,933 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$476 Per Sq Ft

10% Below List Price

78 Days on Market

Highlights

  • Home Theater
  • Fishing
  • Gated Parking
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • Updated Kitchen

About This Home

As of June 2020

APPROVED Short Sale! This is the Newport Peninsula’s ultimate beach house; With close to 7000 square feet of living space, this custom built home has plenty of room for comfortable living and entertaining guests. Sitting on one of the largest parcels of land on the Balboa Peninsula Point, this home features an accommodating 1st floor guest suite, a full theatre room, a gourmet kitchen complete with double Viking Appliances, a family room that opens to a gated front yard, a gym, an upstairs game room, and a 3 car attached garage. Just steps to the beach!! This masterpiece offers an expansive layout that flows effortlessly throughout- a must see!!

Last Agent to Sell the Property

Michael Sayegh

Realty One Group West License #01961295 Listed on: 10/26/2016

Realty One Group West

Last Buyer's Agent

Michael Sayegh

Realty One Group West License #01961295 Listed on: 10/26/2016

Realty One Group West

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,113

Year Built

  • Built in 2005

Lot Details

  • 6,534 Sq Ft Lot
  • Wrought Iron Fence
  • Corner Lot
  • Lawn
  • Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Gated Parking

Home Design

  • Mediterranean Architecture
  • Stucco

Interior Spaces

  • 6,933 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Dual Staircase
  • Built-In Features
  • Bar
  • Crown Molding
  • Two Story Ceilings
  • Recessed Lighting
  • Plantation Shutters
  • French Doors
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Home Theater
  • Home Gym
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Gas Cooktop
  • Free-Standing Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 7 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet

Home Security

  • Home Security System
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Balcony
  • Outdoor Fireplace

Location

  • Suburban Location

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Water Purifier

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 105
  • Assessor Parcel Number 04823321

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,113

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 9498366291
  • Other Phone Number: 9498366291
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Sprinkler System, Security Lights, Security System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: No
  • Architectural Style: Mediterranean
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04823321
  • Year Built: 2005
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 6933.00 Square Feet
  • Interior Amenities: 2 Staircases, Balcony, Bar, Built-in Features, Crown Molding, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, Two Story Ceilings, Wet Bar
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 6
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: French Doors
  • Eating Area: Breakfast Counter / Bar, In Family Room
  • Fireplace Features: Living Room, Master Retreat, Outside, Great Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 475.98
  • Room Type: Exercise Room, Family Room, Home Theatre, Living Room, Main Floor Bedroom, Master Bedroom, Master Suite, Separate Family Room, Walk-In Closet, Walk-In Pantry
  • Window Features: Plantation Shutters
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage Faces Rear, Garage - Three Door, Gated
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Free-Standing Range, Disposal, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Water Purifier
  • Heating Type: Zoned, Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn
  • Lot Size Sq Ft: 6534.00

Multi Family

  • Lease Considered: No
  • Waterfront Features: Fishing in Community

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Jun 25, 2020
Sold by
Rodrigues Mark J and Rodrigues Jean M
Bought by
Yu Charles Chaoi and The Yu And Noquez Family Trust
Seller's Agent
Drew Teicheira
Harcourts Place
Buyer's Agent
Drew Teicheira
Harcourts Place
List Price
$3,000,000
Sold Price
$3,698,000
Premium/Discount to List
$698,000
23.27%
Current Estimated Value
$7,471,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,773,708
Avg. Annual Appreciation
12.16%

Purchase Details

Listed on
Mar 1, 2017
Closed on
Jan 10, 2017
Sold by
Miles Douglas E and Miles Lindah E
Bought by
Rodrigues Mark J and Rodrigues Jean M
Seller's Agent
Michael Sayegh
Realty One Group West
Buyer's Agent
Michael Sayegh
Realty One Group West
Sold Price
$9,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$2,145,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 17, 2005
Sold by
Cross Communities Inc
Bought by
Miles Douglas E and Miles Lindah E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.28%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 16, 2003
Sold by
Barth Neil M and Barth Kerry Oneil
Bought by
Cross Communities Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,131,566
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2001
Sold by
Hervey Valerie and Simpson Linda Hervey
Bought by
Barth Neil M and Barth Kerry Oneil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
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 $3,698,000 Wfg Title Company
Grant Deed $3,300,000 Chtcago Title Company
Grant Deed $4,750,000 First American Title Co
Grant Deed $1,400,000 Commerce Title Company
Grant Deed $1,400,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,145,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,000,000 Credit Line Revolving
Previous Owner $250,000 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $2,800,000 Adjustable Rate Mortgage/ARM
Previous Owner $475,000 Credit Line Revolving
Previous Owner $475,000 Credit Line Revolving
Previous Owner $2,850,000 New Conventional
Previous Owner $2,710,000 Construction
Previous Owner $1,131,566 Purchase Money Mortgage
Previous Owner $2,900,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $3,698,000 +23.3% $533 / Sq Ft
05/27/2020 05/27/20 For Sale $3,000,000 0.0% $433 / Sq Ft
03/10/2017 03/10/17 Rented $9,800 0.0% --
03/04/2017 03/04/17 Under Contract -- -- --
03/01/2017 03/01/17 For Rent $9,800 0.0% --
02/28/2017 02/28/17 Sold $3,300,000 0.0% $476 / Sq Ft
01/12/2017 01/12/17 Pending -- -- --
01/05/2017 01/05/17 Price Changed $3,300,000 -9.6% $476 / Sq Ft
12/04/2016 12/04/16 Price Changed $3,650,000 0.0% $526 / Sq Ft
12/04/2016 12/04/16 For Sale $3,650,000 -3.6% $526 / Sq Ft
11/02/2016 11/02/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $3,785,000 -- $546 / 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 $42,113 $3,965,002 $960,155 $3,004,847
2023 $41,130 $3,887,257 $941,328 $2,945,929
2022 $40,452 $3,811,037 $922,871 $2,888,166
2021 $39,675 $3,736,311 $904,775 $2,831,536
2020 $39,295 $4,032,590 $1,523,300 $2,509,290
2019 $41,924 $3,953,520 $1,493,431 $2,460,089
2018 $41,087 $3,876,000 $1,464,148 $2,411,852
2017 $61,104 $5,770,441 $2,916,920 $2,853,521
2016 $59,724 $5,657,296 $2,859,726 $2,797,570
2015 $59,167 $5,572,319 $2,816,771 $2,755,548
2014 $57,770 $5,463,165 $2,761,594 $2,701,571
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16734110

California Regional Multiple Listing Service (CRMLS)

APN: 048-233-21