$3,361,050
SOLD SEP 17, 2020
4 Beds
3 Baths
2,449 Sq Ft
0.25 Acres

Recently Sold

$1,372 Per Sq Ft

1% Below List Price

4 Days on Market

Highlights

  • Private Pool
  • Wood Flooring
  • Eat-In Kitchen
  • Abraham Lincoln Elementary School Rated A
  • 2 Car Attached Garage
  • 3-minute walk to Irvine Terrace Park

About This Home

As of January 2025

First time on the market in over 50 years! This diamond in the rough sits nestled in the shade of mature sweetgum trees on an expansive and generous 11,021 sq ft lot in the highly sought after neighborhood of Irvine Terrace. With over 135 feet of open facing frontage ocean breezes drift in lazily on bright summer days and with the property looking westward towards Balboa Island, the golden Corona Del Mar sunsets always come to rest right outside your front door. The gently elevated lot offers a world of possibilities to refurbish, redesign, expand or rebuild and the property is a virtual blank canvas for the imagination. For the savvy buyer with an eye to stretch out in space, privacy and comfort, this home offers more than ample room to grow.
Right around the corner from Irvine Terrace Park and with easy access to fun in the sun - Balboa Peninsula, Big Corona State Beach, the world famous Newport surfing Wedge, CDM Village, and Fashion Island this ideal location offers all the amenities of Newport Beach living at your fingertips.

Last Agent to Sell the Property

Justin Smith

Berkshire Hathaway HomeService License #02018210 Listed on: 08/07/2020

Last Buyer's Agent

Gabe Cole

Real Broker License #01327442

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $49,256

Year Built

  • Built in 1958

Lot Details

  • 0.25 Acre Lot
  • West Facing Home
  • Back Yard

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage

Home Design

  • Fixer Upper
  • Planned Development

Interior Spaces

  • 2,449 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Bathtub

Pool

  • Private Pool
  • Diving Board

Utilities

  • Central Heating

Community Details

  • Irvine Terrace Community Association
  • Irvine Terrace Subdivision

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 2813
  • Assessor Parcel Number 05032209

Home Details

Home Type

Single Family

Est. Annual Taxes

$49,256

Year Built

Built in 1958

Lot Details

0

HOA Fees

$48 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Irvine Terrace (IRVT)
  • View: No
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05032209
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2449.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1372.42
  • Room Type: All Bedrooms Down
  • Bathroom Features: Bathtub

Exterior Features

  • Direction Faces: West
  • Pool Features: Private, Diving Board
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 575.00
  • Association Fee Frequency: Annually
  • Association Name: Irvine Terrace Community Association
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 11021.00
  • Lot Size Acres: 0.2530
  • Latitude Manual: 33.60594100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11021.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 627.01
  • Tax Lot: 35
  • Tax Tract Number: 2813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Jan 8, 2025
Sold by
Kewamee Cdm Llc
Bought by
Rivera Family Trust and Rivera
Seller's Agent
John Cain
Pacific Sotheby's Int'l Realty
Buyer's Agent
Tara McNabb
Compass
List Price
$12,995,000
Sold Price
$11,500,000
Premium/Discount to List
-$1,495,000
-11.5%
Views
134
Current Estimated Value
$7,417,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,082,739
Avg. Annual Appreciation
-53.56%
Original Mortgage
$7,475,000
Outstanding Balance
$7,396,979
Interest Rate
5.92%
Mortgage Type
New Conventional
Estimated Equity
$622,655

Purchase Details

Listed on
Sep 29, 2023
Closed on
Sep 3, 2024
Sold by
Casa Artc Group Llc
Bought by
Kewamee Cdm Llc
Seller's Agent
Chris Moreno
Surterre Properties Inc.
Buyer's Agent
John Cain
Pacific Sotheby's Int'l Realty
List Price
$9,975,000
Sold Price
$10,075,000
Premium/Discount to List
$100,000
1%
Views
135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.38%

Purchase Details

Closed on
May 24, 2024
Sold by
Ez Properties Llc
Bought by
Casa Arte Group Llc

Purchase Details

Closed on
Nov 9, 2022
Sold by
Kewamee Llc
Bought by
Ez Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,826,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2020
Closed on
Oct 2, 2020
Sold by
Elkayam Ami and Elkayam Gali
Bought by
Kewamee Llc
Seller's Agent
Justin Smith
Berkshire Hathaway HomeService
Buyer's Agent
Gabe Cole
Real Broker
List Price
$3,395,000
Sold Price
$3,361,050
Premium/Discount to List
-$33,950
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.64%
Original Mortgage
$1,800,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2020
Closed on
Aug 13, 2020
Sold by
Lincoln Family Trust
Bought by
Elkayam Ami and Elkayam Gali
Seller's Agent
Justin Smith
Berkshire Hathaway HomeService
Buyer's Agent
Gabe Cole
Real Broker
List Price
$3,395,000
Sold Price
$3,361,050
Premium/Discount to List
-$33,950
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2009
Sold by
Lincoln Winslow S and Lincoln Carol H
Bought by
Lincoln Winslow S and Lincoln Carol H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2001
Sold by
Lincoln Winslow S and Lincoln Carol H
Bought by
Lincoln Winslow S and Lincoln Carol H
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 $11,500,000 Fidelity National Title
Grant Deed $10,075,000 Fidelity National Title
Grant Deed -- Innovative Title Company
Grant Deed $3,925,000 Doma Title
Grant Deed -- Accommodation
Grant Deed $3,361,500 North American Title
Interfamily Deed Transfer -- Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $7,475,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $2,826,000 New Conventional
Previous Owner $1,800,000 New Conventional
Previous Owner $194,775 New Conventional
Previous Owner $203,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $196,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $11,500,000 -4.1% $2,110 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
10/23/2024 10/23/24 Price Changed $11,995,000 -7.7% $2,201 / Sq Ft
09/16/2024 09/16/24 For Sale $12,995,000 +29.0% $2,384 / Sq Ft
09/11/2024 09/11/24 Sold $10,075,000 +1.0% $1,850 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
09/29/2023 09/29/23 For Sale $9,975,000 +154.1% $1,832 / Sq Ft
01/10/2023 01/10/23 Sold $3,925,000 -1.8% $1,603 / Sq Ft
10/27/2022 10/27/22 For Sale $3,995,000 +18.9% $1,631 / Sq Ft
09/17/2020 09/17/20 Sold $3,361,050 -1.0% $1,372 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $3,395,000 -- $1,386 / 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 $49,256 $4,643,811 $3,783,320 $860,491
2023 $37,037 $3,496,836 $3,292,551 $204,285
2022 $36,426 $3,428,271 $3,227,991 $200,280
2021 $35,727 $3,361,050 $3,164,697 $196,353
2020 $3,017 $259,367 $153,759 $105,608
2019 $2,960 $254,282 $150,744 $103,538
2018 $2,902 $249,297 $147,789 $101,508
2017 $2,851 $244,409 $144,891 $99,518
2016 $2,862 $239,617 $142,050 $97,567
2015 $2,759 $236,018 $139,916 $96,102
2014 $2,694 $231,395 $137,175 $94,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20152132

California Regional Multiple Listing Service (CRMLS)

APN: 050-322-09