NOT LISTED FOR SALE

2008 E Oceanfront Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $5,521,000 - $12,763,341

4 Beds
3.5 Baths
1,828 Sq Ft
$5,001/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $9,985,000 $5,462 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $60,165/month

6 Days on Market

Highlights

  • Ocean Front
  • All Bedrooms Downstairs
  • 2 Car Garage
  • Newport Elementary School Rated A
  • No HOA
  • 4-minute walk to West Jetty View Park

About This Home

As of May 2016

Oceanfront home on one of the largest lots, in the highly sought after community of Balboa Peninsula Point. This cottage estate has approximately 64' on the sand, more than a lot and a half, with no boardwalk in front. Property available now for the first time since the 70's. Home includes 4 Bedrooms and 3 Bathrooms. 4th Bedroom being a small guest casita. Ample parking with 2 Car garage and space for three other vehicles onsite. Enjoy your morning coffee watching the waves after a morning walk on the beach and have evening barbecues watching gorgeous Sunsets on the large patio. Restore to its original luster or build a magnificent new dream home!
Very rare opportunity to own this Beach Estate on the sand.

Last Agent to Sell the Property

Sydney Gielow

Coldwell Banker Realty License #00911960 Listed on: 05/04/2016

Coldwell Banker Realty

Co-Listed By

Bill Schonlau

Coldwell Banker Res. Brokerage License #01053723

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

  • $142,622

Year Built

  • Built in 1947

Lot Details

  • 5,120 Sq Ft Lot
  • Ocean Front

Parking

  • 2 Car Garage
  • Parking Available
  • Uncovered Parking

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic

Interior Spaces

  • 1,828 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down

Outdoor Features

  • Exterior Lighting

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 518
  • Assessor Parcel Number 04826227

Home Details

Home Type

Single Family

Est. Annual Taxes

$142,622

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04826227
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1828.00
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 5462.25
  • Room Type: All Bedrooms Down, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Catalina, Ocean, Panoramic, White Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Uncovered
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5120.00
  • Price Per Lot Square Foot: 1950.20

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
May 13, 2016
Sold by
Featherston Roger A
Bought by
Wheatley Family Trust
Seller's Agent
Sydney Gielow
Coldwell Banker Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$9,980,000
Sold Price
$9,985,000
Premium/Discount to List
$5,000
0.05%
Current Estimated Value
$9,142,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$842,829
Avg. Annual Appreciation
-1.66%

Purchase Details

Closed on
Dec 14, 1998
Sold by
Featherston Roger A and Featherston Patricia D
Bought by
Featherton Roger A and Featherston Patricia D

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
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 1998
Sold by
Featherston Roger A and Featherston Patricia D
Bought by
Featherston Roger A and Featherston Patricia D

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
6.25%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Wheatley Family Trust $9,985,000 Equity Title
Featherton Roger A -- Lawyers Title Company
Featherston Roger A -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Featherston Roger A $3,000,000
Previous Owner Featherston Roger A $1,850,000
Previous Owner Featherston Roger A $995,000
Previous Owner Featherston Roger A $2,000,000
Previous Owner Featherston Roger A $2,160,000
Previous Owner Featherston Roger A $2,160,000
Previous Owner Featherston Roger A $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2016 05/27/16 Sold $9,985,000 +0.1% $5,462 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $9,980,000 0.0% $5,460 / Sq Ft
04/02/2012 04/02/12 Rented $8,000 -15.8% --
04/02/2012 04/02/12 Under Contract -- -- --
04/08/2011 04/08/11 For Rent $9,500 -- --
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
2025 $142,622 $13,787,511 $11,740,580 $2,046,931
2024 $142,622 $13,517,168 $11,510,372 $2,006,796
2023 $139,302 $13,252,126 $11,284,678 $1,967,448
2022 $137,016 $12,992,281 $11,063,410 $1,928,871
2021 $114,483 $10,846,481 $10,846,481 $0
2020 $114,153 $10,808,084 $10,735,264 $72,820
2019 $111,760 $10,596,161 $10,524,768 $71,393
2018 $109,521 $10,388,394 $10,318,400 $69,994
2017 $107,579 $10,184,700 $10,116,078 $68,622
2016 $4,372 $383,499 $341,125 $42,374
2015 $4,329 $377,739 $336,001 $41,738
2014 $4,228 $370,340 $329,419 $40,921
Source: Public Records

Agents Affiliated with this Home

  • Sydney Gielow

    Seller's Agent in 2016

    Sydney Gielow

    Coldwell Banker Realty

    (949) 400-1320

    1 in this area

    33 Total Sales

    Sydney Gielow
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Bill Schonlau

    Coldwell Banker Res. Brokerage

  • Kim Bibb

    Buyer's Agent in 2016

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    53 in this area

    124 Total Sales

    Kim Bibb
    Section Image

  • V

    Seller's Agent in 2012

    Valerie Howell

    Coldwell Banker Realty

    Section Image
  • Denine Kerns

    Buyer's Agent in 2012

    Denine Kerns

    Douglas Elliman Of California

    (949) 689-7078

    43 Total Sales

    Denine Kerns
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG16094184

California Regional Multiple Listing Service (CRMLS)

APN: 048-262-27

California Orange County Newport Beach 92661 Balboa Peninsula Point

2008 E Oceanfront, Newport Beach, CA

This home is located at 2008 E Oceanfront, Newport Beach, CA 92661 since 04 May 2016 and is currently estimated at $9,142,171, approximately $5,001 per square foot. This property was built in 1947. 2008 E Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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