NOT LISTED FOR SALE

Estimated Value: $8,208,991

0.32 Acre
$25,493,761 Price per Acre
14,040 Sq Ft Lot

Sale Details

Date Sold: October 17, 2016

Last sale price $7,200,000 $4,915 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $51,654 / mo

35 Days on Market

Highlights

  • 0.32 Acre Lot
  • Views
  • Rectangular Lot
  • No HOA

About This Lot

As of October 2016

A rare opportunity to purchase a parcel of land over 14,000 sq ft in a prime location on the Balboa Peninsula... "The Point".
The proximity to the Newport Harbor Bay, The Wedge and world class beaches are moments away. Create an 'estate' or develop into multiple residences... the possibilities are endless.
Title says it is 117' x 120' 14,040 sq. ft. If one is able to divide, you could have FOUR lots measuring 30 x 117.There are two APN numbers for 1902 East Balboa Blvd. 048-240-41 AND 048-240-42.

Last Agent to Sell the Property

Elizabeth Thamer

Pacific Sotheby's Int'l Realty License #01169245 Listed on: 09/15/2015

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754

Pacific Sotheby's Int'l Realty
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Property Details

Property Type

  • Land

Lot Details

  • 14,040 Sq Ft Lot
  • Rectangular Lot
  • Level Lot
  • Property is zoned R1

Additional Features

  • Suburban Location
  • Septic Type Unknown
  • Property Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04824041

Property Details

Property Type

Land

Lot Details

0.32 Acres

Listing Details

  • Road Frontage Type: City Street
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: Yes
  • Zoning: R1
  • Property Type: Land
  • Parcel Number: 04824041
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 512.82

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Rectangular Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 14040.00
  • Price Per Lot Square Foot: 527.07
  • Lot Size Acres: 0.3220

Multi Family

  • Lot Size Area: 14040.0000 Square Feet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2023
Sold by
Bought by
Current Estimated Value
$8,208,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,618,936
Interest Rate
7.63%
Mortgage Type
Balloon
Estimated Equity
$6,590,055

Purchase Details

Closed on
Nov 22, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,618,936
Interest Rate
7.63%
Mortgage Type
Balloon
Estimated Equity
$6,590,055

Purchase Details

Closed on
Mar 2, 2021
Sold by
Bought by

Purchase Details

Closed on
May 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 23, 1991
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Balboa Peninsula Point, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
-- First American Title
$4,650,000 First American Title Company
$4,000,000 Fntg Builder Services
-- First American Title
-- First American Title
-- First American Title Company
-- First American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,000,000
Closed $2,000,000
Previous Owner $250,000
Previous Owner $2,600,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/17/2016 10/17/16 Sold $7,200,000 -2.7% $4,915 / Sq Ft
10/20/2015 10/20/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $7,400,000 -- $5,051 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $78,421 $7,594,920 $6,220,232 $1,374,688
2025 $77,205 $7,446,000 $6,098,266 $1,347,734
2024 $77,205 $7,300,000 $5,978,692 $1,321,308
2023 $51,095 $4,837,860 $3,640,613 $1,197,247
2022 $50,254 $4,743,000 $3,569,228 $1,173,772
2021 $43,736 $4,122,268 $2,945,474 $1,176,794
2020 $43,317 $4,080,000 $2,915,272 $1,164,728
2019 $30,655 $2,881,610 $1,844,447 $1,037,163
2018 $22,562 $2,113,197 $1,808,282 $304,915
2017 $57,204 $5,400,000 $5,291,298 $108,702
2016 $3,100 $262,261 $190,574 $71,687
2015 $3,069 $258,322 $187,711 $70,611
2014 $2,997 $253,262 $184,034 $69,228
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP15204810

California Regional Multiple Listing Service (CRMLS)

APN: 048-240-50

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