NOT LISTED FOR SALE

Estimated Value: $4,842,000 - $6,612,000

5 Beds
2.5 Baths
3,000 Sq Ft
$1,957/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $3,450,000 $1,150 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $36,206/month

17 Days on Market

Highlights

  • Koi Pond
  • Above Ground Spa
  • Primary Bedroom Suite
  • Newport Elementary School Rated A
  • Fishing
  • Custom Home

About This Home

As of December 2020

Ideally located on the Balboa Peninsula and just steps from the sand, BAY and OCEAN, this beautifully upgraded craftsman style home distinguishes itself on a rare 52' WIDE LOT, magnifying its timeless curb-appeal. Enter through the charming front patio where you'll discover a private outdoor oasis and an entertainer's dream. Offering seamless indoor-to-outdoor living, the oversized PRIVATE courtyard features a built-in BBQ bar, fireplace and koi pond - a picturesque scene for endless family gatherings. Natural sky-light and custom wainscotting flow throughout the great room where you'll enjoy a chef's kitchen with top-of-the-line appliances, a living room with entertainment built-ins and fireplace, and a formal dining space. A downstairs bedroom offers the perfect setup for guests or in-laws alike while the detached office/den is great for the working professional. The second floor provides a luxurious Master Retreat with a private balcony, fireplace and spa inspired bath with large walk-in closet. 2 additional bedrooms each have balconies to breath in the fresh beach air. Enjoy your evenings winding down on the ROOFTOP deck as you bask in the hot tub relaxing under the stars relishing the panoramic peninsula views. A three car garage is off the extra wide 20 foot alley.  Hop on your bike to local restaurants, cafes, BALBOA ISLAND or launch your paddleboard into the bay. This is your opportunity to make lasting memories in a community where your neighbors are your friends.

Last Agent to Sell the Property

Giovanne Helou

The Oppenheim Group License #02068352 Listed on: 10/08/2020

The Oppenheim Group

Co-Listed By

Lisa Helou

The Oppenheim Group License #00624164

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

  • $38,916

Year Built

  • Built in 2007

Lot Details

  • 3,938 Sq Ft Lot
  • Property fronts an alley
  • Landscaped
  • Private Yard
  • Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Custom Home
  • Craftsman Architecture
  • Turnkey
  • Wood Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Crown Molding
  • Wainscoting
  • Coffered Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Bay Window
  • Window Screens
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Den with Fireplace
  • Bonus Room with Fireplace
  • Storage

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Breakfast Bar
  • Convection Oven
  • Gas Oven
  • Built-In Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Upgraded Bathroom
  • In-Law or Guest Suite
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Above Ground Spa
  • Balcony
  • Enclosed patio or porch
  • Koi Pond
  • Outdoor Grill

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 19 / L
  • Tax Tract Number 518
  • Assessor Parcel Number 04822124

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Point Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,916

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Number: 949-566-3345
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Architectural Style: Craftsman, Custom Built
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04822124
  • Year Built: 2007
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00 Square Feet
  • Interior Amenities: In-Law Floorplan, Balcony, Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, High Ceilings, Open Floorplan, Pantry, Stone Counters, Storage, Wainscoting
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Bonus Room, Den, Family Room, Living Room, Master Retreat, Great Room
  • Levels: One, Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1150.00
  • Room Type: Den, Family Room, Great Room, Kitchen, Living Room, Main Floor Bedroom, Master Suite, Office, Retreat, Separate Family Room, Walk-In Closet
  • Spa Features: Above Ground
  • Window Features: Bay Window(s), Blinds, Screens
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s), Separate Tub And Shower, Upgraded, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Exterior Features: Barbecue Private, Koi Pond
  • View: City Lights, Neighborhood
  • Patio And Porch Features: Enclosed, Patio, Stone
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Private
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Built-In Range, Convection Oven, Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Watersports

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 3938.00
  • Lot Size Acres: 0.0904

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3938.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: L
  • Tax Census Tract: 628.00
  • Tax Lot: 19
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 2, 2020
Sold by
Corey Sharon and The Sharon Corey Living Trust
Bought by
Ostoich Mark A and Ostoich Elizabeth A
Seller's Agent
Giovanne Helou
The Oppenheim Group
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$3,495,000
Sold Price
$3,450,000
Premium/Discount to List
-$45,000
-1.29%
Total Days on Market
17
Current Estimated Value
$5,872,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,422,192
Avg. Annual Appreciation
11.30%
Original Mortgage
$2,760,000
Outstanding Balance
$2,489,395
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,084,804

Purchase Details

Closed on
Sep 30, 2009
Sold by
Corey Sharon I
Bought by
Corey Sharon and Sharon Corey Living Trust

Purchase Details

Closed on
May 1, 2007
Sold by
Bice James C and Bice Sylvia
Bought by
Corey Sharon I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 1998
Sold by
Herbert Tatsch and Herbert Dale Susan
Bought by
Bice James C and Bice Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7%

Purchase Details

Closed on
Jun 2, 1995
Sold by
Tatsch Herbert and Tatsch Margaret Dale
Bought by
Tatsch Herbert and Tatsch Margaret Dale
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 Buyer Sale Price Title Company
Ostoich Mark A $3,450,000 Orange Coast Title Company
Corey Sharon -- None Available
Corey Sharon I $3,125,000 First American Title Co
Bice James C -- Chicago Title Insurance Co
Tatsch Herbert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ostoich Mark A $2,760,000
Previous Owner Corey Sharon $920,000
Previous Owner Corey Sharon $920,000
Previous Owner Corey Sharon I $1,100,000
Previous Owner Bice James C $250,000
Previous Owner Bice James C $758,000
Previous Owner Bice James C $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2020 12/09/20 Sold $3,450,000 -1.3% $1,150 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $3,495,000 -- $1,165 / 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 $38,916 $3,661,167 $3,383,153 $278,014
2023 $38,911 $3,589,380 $3,316,817 $272,563
2022 $38,429 $3,519,000 $3,251,781 $267,219
2021 $37,956 $3,450,000 $3,188,020 $261,980
2020 $34,412 $3,118,140 $2,838,231 $279,909
2019 $33,745 $3,057,000 $2,782,579 $274,421
2018 $33,890 $3,057,000 $2,782,579 $274,421
2017 $26,140 $2,320,678 $2,046,257 $274,421
2016 $25,658 $2,275,175 $2,006,134 $269,041
2015 $25,541 $2,241,000 $1,976,000 $265,000
2014 $25,427 $2,241,000 $1,976,000 $265,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20208658

California Regional Multiple Listing Service (CRMLS)

APN: 048-221-24