$1,300,000
SOLD OCT 13, 2015
0.06 Acre
$21,666,667 Price per Acre
2,614 Sq Ft Lot

Recently Sold

$1,533 Per Sq Ft

5 Days on Market

Highlights

  • White Water Ocean Views
  • Corner Lot
  • No HOA
  • Newport Elementary School Rated A

About This Lot

As of December 2021

Ideal corner lot location to build SFR or SFR + Guest House (the lot has R2 Zoning). From 2nd & 3rd floor of new structure it should be possible to see the beach and surf view permanent view looking down the street. The existing structure is a tear down, no value given and sold in its present condition. According to the plat map, the lot is 30 feet X 80 feet.

Last Agent to Sell the Property

Scot Campbell

Coldwell Banker-Campbell Rltrs License #00943759 Listed on: 06/24/2015

Coldwell Banker-Campbell Rltrs

Last Buyer's Agent

Jami Sepulveda

Pacific Sotheby's Int'l Realty License #01464204

Pacific Sotheby's Int'l Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $42,266

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • Corner Lot
  • Tear Down
  • Property is zoned R2

Property Views

  • White Water Ocean
  • Peek-A-Boo

Location

  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04809116

Property Details

Property Type

Land

Est. Annual Taxes

$42,266

Lot Details

0

Listing Details

  • Improvements: All utilities on site
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Zoning: R2
  • Property Type: Land
  • Parcel Number: 04809116
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 497.00

Exterior Features

  • View: Ocean, Peek-A-Boo, White Water

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Phone Connected, Water Connected
  • Electric: Electricity - On Property

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Corner Lot, Tear Down
  • Lot Size Sq Ft: 2614.00
  • Price Per Lot Square Foot: 497.32
  • Lot Size Acres: 0.0600

Multi Family

  • Lot Size Area: 2614.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Dec 8, 2021
Sold by
200 Balboa Llc
Bought by
200 Balboa Llc
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Evan Corkett
Pacific Sotheby's Int'l Realty
List Price
$4,195,000
Sold Price
$3,825,000
Premium/Discount to List
-$370,000
-8.82%
Current Estimated Value
$5,569,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,744,845
Avg. Annual Appreciation
10.97%

Purchase Details

Closed on
Sep 30, 2021
Sold by
Faec Fbo Huntington Classic Lp
Bought by
200Balboa Llc

Purchase Details

Listed on
Dec 21, 2020
Closed on
Feb 9, 2021
Sold by
Thompson Kenneth Dean
Bought by
Huntington Classic Lp
Seller's Agent
Stephen Mortensen
Coldwell Banker Realty
Buyer's Agent
Stephen Mortensen
Coldwell Banker Realty
List Price
$3,599,000
Sold Price
$3,397,000
Premium/Discount to List
-$202,000
-5.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%

Purchase Details

Closed on
Aug 1, 2017
Sold by
Thompson Cara
Bought by
Thompson Kenneth D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.92%

Purchase Details

Listed on
Oct 24, 2016
Closed on
Apr 19, 2017
Sold by
200E Balboa Llc
Bought by
Thompson Kenneth Dean
Seller's Agent
Jami Sepulveda
Pacific Sotheby's Int'l Realty
Buyer's Agent
Kristin Halton
Douglas Elliman Of California
List Price
$3,000,000
Sold Price
$2,900,000
Premium/Discount to List
-$100,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%

Purchase Details

Closed on
Jul 1, 2015
Sold by
Grimm Steven and Grimm Alejandro Julio
Bought by
200 E Balboa Llc

Purchase Details

Closed on
Mar 23, 1994
Sold by
Duncan Carl L
Bought by
Allen Robert R
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 $3,825,000 Chicago Title Company
Grant Deed -- None Available
Grant Deed $3,397,000 Chicago Title Company
Deed -- --
Grant Deed $2,900,000 Ticor Title Orange County
Grant Deed $1,300,000 Ticor Title Company
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,295,000 Balloon
Previous Owner -- No Value Available
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $3,825,000 -8.8% $1,319 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $4,195,000 +23.5% $1,447 / Sq Ft
02/19/2021 02/19/21 Sold $3,397,000 -5.6% $1,121 / Sq Ft
12/21/2020 12/21/20 For Sale $3,599,000 +24.1% $1,188 / Sq Ft
04/26/2017 04/26/17 Sold $2,900,000 -1.7% $967 / Sq Ft
03/28/2017 03/28/17 Price Changed $2,950,000 -1.7% $983 / Sq Ft
03/25/2017 03/25/17 Price Changed $3,000,000 +1.7% $1,000 / Sq Ft
01/02/2017 01/02/17 Price Changed $2,950,000 -1.7% $983 / Sq Ft
10/24/2016 10/24/16 For Sale $3,000,000 +130.8% $1,000 / Sq Ft
10/13/2015 10/13/15 Sold $1,300,000 0.0% $1,533 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $1,300,000 -- $1,533 / 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 $42,266 $3,979,530 $2,949,078 $1,030,452
2023 $41,279 $3,901,500 $2,891,252 $1,010,248
2022 $40,599 $3,825,000 $2,834,560 $990,440
2021 $33,079 $3,109,385 $2,196,968 $912,417
2020 $32,762 $3,077,503 $2,174,441 $903,062
2019 $32,080 $3,017,160 $2,131,805 $885,355
2018 $31,440 $2,958,000 $2,090,004 $867,996
2017 $23,023 $2,153,393 $1,294,286 $859,107
2016 $14,122 $1,300,000 $1,268,908 $31,092
2015 $4,345 $367,002 $336,541 $30,461
2014 $4,244 $359,813 $329,948 $29,865
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15137413

California Regional Multiple Listing Service (CRMLS)

APN: 048-091-16