NOT LISTED FOR SALE

Estimated Value: $7,039,485

3 Beds
2.5 Baths
1,953 Sq Ft
$3,604/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2023

Last sale price $6,500,000 $3,328 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $44,629 / mo

83 Days on Market

Highlights

  • Beach Front
  • Spa
  • Primary Bedroom Suite
  • White Water Ocean Views
  • Rooftop Deck
  • Ocean Side of Highway 1

About This Home

As of May 2023

**City of Newport Beach Short Term Vacation Rental Permit** This Balboa Peninsula, “Eastern Seaboard,” Shingle style oceanfront home is located within an easy walk of Newport Beach’s historic Newport Pier and is a prime “moneymaker,” for a potential buyer, due to its transferable vacation rental permit. Sitting perfectly on a stunning white sandy beach with spectacular 180-degree ocean, coastline, whitewater, Catalina Island and sunset views, all of the fun of Newport Beach is out your door with swimming, surfing at “Blackies,”paddle-boarding, body-surfing, volleyball, cornhole and every imaginable beach game awaiting; along with, biking, skating and strolling on the “world famous’ boardwalk to the fine dining, shops and nightlife of the Peninsula as your never-ending activities. Oozing with all of the charm and character of a great traditional seaside home, yet built with durable finishes to host a crowd, and featuring every modern amenity, this property has style, function and versatility for an owner user or investor. The downstairs of the home features a large seaside great room with porcelain “faux wood’ flooring, a stone fireplace, and recessed lighting; a dining area, an Island kitchen with a breakfast bar, pantry and granite countertops, a powder bath and a two-car attached garage. The upstairs of the home is highlighted by the waterfront master suite with a fireplace, vaulted ceilings, view deck and marble bath with jetted tub and shower; along with, two family bedrooms and a marble hallway bath and separate laundry room. The third level has a “showstopping” rooftop deck with a BBQ entertainment center, Jacuzzi, seating areas and spectacular 360-degree views.

Last Agent to Sell the Property

Evan Corkett

Pacific Sotheby's Int'l Realty License #00468496 Listed on: 02/08/2023

Pacific Sotheby's Int'l Realty

Co-Listed By

Steve High

Pacific Sotheby’s International Realty License #00936421

Last Buyer's Agent

Coleen Brennan

Engel & Völkers Newport Beach License #01003247

Engel & Völkers Newport Beach
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 1,850 Sq Ft Lot
  • Beach Front
  • Rectangular Lot

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Cape Cod Architecture
  • Traditional Architecture
  • Composition Roof
  • Shingle Siding
  • Copper Plumbing

Interior Spaces

  • 1,953 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Features Masonry
  • Gas Fireplace
  • Great Room with Fireplace
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathtub
  • Walk-in Shower

Outdoor Features

  • Spa
  • Ocean Side of Highway 1
  • Balcony
  • Rooftop Deck
  • Patio

Additional Features

  • Urban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 2 / 19
  • Tax Tract Number 255
  • Assessor Parcel Number 04717210

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

1,850 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Cape Cod, Traditional
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04717210
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1953.00 Square Feet
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Granite Counters, High Ceilings, Pantry, Recessed Lighting, Stone Counters
  • Stories: 3
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Counter / Bar
  • Fireplace Features: Master Bedroom, Gas, Great Room, Masonry
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3328.21
  • Room Type: All Bedrooms Up, Great Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet, Walk-In Pantry
  • Spa Features: Private
  • Bathroom Features: Bathtub, Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • View: Catalina, Coastline, Ocean, Water, White Water
  • Patio And Porch Features: Patio, Roof Top
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes
  • Construction Materials: Shingle Siding

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Gas Oven, Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 1850.00
  • Lot Size Acres: 0.0425

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1850.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 635.00
  • Tax Lot: 2
  • Tax Tract Number: 255

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

Listed on
Feb 8, 2023
Closed on
May 11, 2023
Sold by
Bought by
Seller's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
Buyer's Agent
Coleen Brennan
Engel & Völkers Newport Beach
List Price
$6,995,000
Sold Price
$6,500,000
Premium/Discount to List
-$495,000
-7.08%
Views
234
Current Estimated Value
$7,039,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,485
Avg. Annual Appreciation
2.53%

Purchase Details

Closed on
Jul 25, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2004
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
Interest Rate
5.35%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 18, 2002
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
$1,000,000
Interest Rate
5.99%

Purchase Details

Closed on
Nov 18, 1998
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
$1,050,000
Interest Rate
4.5%

Purchase Details

Closed on
Jun 24, 1997
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$6,500,000 Chicago Title
-- None Available
$2,900,000 Equity Title Company
$2,050,000 Equity Title Company
$1,400,000 North American Title Co
$620,000 North American Title Co
-- --
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
Previous Owner $1,999,999
Previous Owner $1,974,000
Previous Owner $2,031,880
Previous Owner $2,025,000
Previous Owner $2,000,000
Previous Owner $1,000,000
Previous Owner $70,000
Previous Owner $1,050,000
Previous Owner --
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
05/26/2023 05/26/23 Sold $6,500,000 -7.1% $3,328 / Sq Ft
02/08/2023 02/08/23 For Sale $6,995,000 -- $3,582 / 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 $71,260 $6,897,852 $6,490,623 $407,229
2025 $70,155 $6,762,600 $6,363,355 $399,245
2024 $70,155 $6,630,000 $6,238,583 $391,417
2023 $42,562 $3,963,098 $3,591,320 $371,778
2022 $41,993 $3,885,391 $3,520,902 $364,489
2021 $41,417 $3,809,207 $3,451,864 $357,343
2020 $40,980 $3,770,149 $3,416,470 $353,679
2019 $40,243 $3,696,225 $3,349,480 $346,745
2018 $39,492 $3,623,750 $3,283,803 $339,947
2017 $38,807 $3,552,697 $3,219,415 $333,282
2016 $37,969 $3,483,037 $3,156,289 $326,748
2015 $37,630 $3,430,719 $3,108,879 $321,840
2014 $36,757 $3,363,516 $3,047,980 $315,536
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23022474

California Regional Multiple Listing Service (CRMLS)

APN: 047-172-10

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