NOT LISTED FOR SALE

Estimated Value: $3,278,419 - $4,864,000

3 Beds
2 Baths
1,527 Sq Ft
$2,491/Sq Ft Est. Value

Last Sold April 06, 2012

Last sale price $1,200,000 $786 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $22,673/month

47 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Dining Room
  • Newport Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to West Jetty View Park

About This Home

As of April 2012

PERFECT BEACH RETREAT..... Open the windows and feel the ocean breezes. Located on Peninsula Point this 3 bedroom, 2 bath home is ready for you to move in. Living room with high ceilings, fireplace and built ins. Kitchen with granite counters and updated cabinets as well as stainless steel appliances including refrigerator! Hardwood flooring througout. The entire home has a relaxing, cozy feeling. Large, private deck upstairs to relax after a hard day. Downstairs you have a large, open patio with fireplace for the outdoor living room feel. This home will not disappoint. A must see!

Last Agent to Sell the Property

Bart Smith

RVP Realty Inc. License #00414684 Listed on: 01/12/2012

Co-Listed By

Ray Nguyen

Schindler Real Estate Services License #01462355

Last Buyer's Agent

Justine Howard

Coldwell Banker Realty License #01399556

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,868

Year Built

  • Built in 1948

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 30x70

Parking

  • 1 Car Garage

Home Design

  • Cape Cod Architecture
  • Bungalow
  • Composition Roof

Interior Spaces

  • 1,527 Sq Ft Home
  • Wood Burning Fireplace
  • Electric Fireplace
  • Gas Fireplace
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 0.05 / G
  • Tax Tract Number 518
  • Assessor Parcel Number 04826104

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,868

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Other Phone Description: Preferred
  • Other Phone Number: 714-624-1537
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula Point
  • View: No
  • Architectural Style: Bungalow, Cape Cod
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04826104
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1527.00
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Fireplace Features: Electric, Gas, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 785.85

Exterior Features

  • Patio: No
  • Fence: No
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Land Lease Purchase: No
  • Lot Size: 30x70
  • Lot Size Sq Ft: 2100.00
  • Lot Size Acres: 0.0480

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2100.0000 Square Feet

Tax Info

  • Tax Block: G
  • Tax Lot: 0.05
  • Tax Tract Number: 518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2016
Sold by
Pace James B and Pace Cecilia R
Bought by
Pace Trust
Total Days on Market
47
Current Estimated Value
$3,803,605

Purchase Details

Listed on
Jan 12, 2012
Closed on
Feb 29, 2012
Sold by
U S Bank National Association
Bought by
Pace James B and Pace Cecilia R
Seller's Agent
Bart Smith
RVP Realty Inc.
Buyer's Agent
Justine Howard
Coldwell Banker Realty
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$400,000
Outstanding Balance
$274,877
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$3,528,728

Purchase Details

Closed on
Nov 29, 2011
Sold by
Heflin James C and Heflin Suzanne B
Bought by
U S Bank National Association

Purchase Details

Closed on
Feb 10, 2009
Sold by
Pargo Llp
Bought by
Heflin James C and Heflin Suzanne B

Purchase Details

Closed on
Jul 23, 2007
Sold by
Heflin James C and Heflin Suzanne B
Bought by
Pargo Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 30, 2007
Sold by
Sprague Charles T and Sprague Patricia E
Bought by
Heflin James C and Heflin Suzanne B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2005
Sold by
Sprague Charles T and Sprague Patricia E
Bought by
Sprague Charles T and Sprague Patricia E

Purchase Details

Closed on
May 6, 2002
Sold by
Craig Allen Bruce and Craig Thelma Diane
Bought by
Sprague Charles T and Sprague Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.6%

Purchase Details

Closed on
Mar 27, 2002
Sold by
Craig Allen Bruce and Craig Diane
Bought by
Craig Allen Bruce and Craig Thelma Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.6%

Purchase Details

Closed on
Apr 14, 2000
Sold by
Taylor Rick S and Taylor Living Trust
Bought by
Craig Allen Bruce and Craig Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
8.62%

Purchase Details

Closed on
May 22, 1997
Sold by
Alfred Spivak
Bought by
Taylor Rick S and Taylor Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
8.08%

Purchase Details

Closed on
Dec 28, 1994
Sold by
Larson Christian
Bought by
Spivak Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
9.12%

Purchase Details

Closed on
Dec 27, 1994
Sold by
Spivak Betty
Bought by
Spivak Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
9.12%

Purchase Details

Closed on
May 1, 1994
Sold by
Larson Doris D
Bought by
Larson Christian
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 Buyer Sale Price Title Company
Pace Trust -- None Available
Pace James B $1,200,000 Lsi Title Company
U S Bank National Association $1,774,900 None Available
Heflin James C -- Equity Title Company
Pargo Llp -- Accommodation
Heflin James C $2,050,000 Ticor Title
Sprague Charles T -- --
Sprague Charles T $950,000 First American Title Co
Craig Allen Bruce -- --
Craig Allen Bruce $795,000 First American Title Ins Co
Taylor Rick S $470,000 First American Title Ins Co
Spivak Alfred $400,000 First American Title Ins Co
Spivak Alfred -- First American Title Ins Co
Larson Christian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pace James B $400,000
Previous Owner Heflin James C $200,000
Previous Owner Heflin James C $1,640,000
Previous Owner Sprague Charles T $300,000
Previous Owner Craig Allen Bruce $287,500
Previous Owner Craig Allen Bruce $445,000
Previous Owner Taylor Rick S $315,000
Previous Owner Spivak Alfred $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2012 04/06/12 Sold $1,200,000 -6.1% $786 / Sq Ft
02/28/2012 02/28/12 Pending -- -- --
02/08/2012 02/08/12 Price Changed $1,277,500 -1.7% $837 / Sq Ft
01/12/2012 01/12/12 For Sale $1,300,000 -- $851 / 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 $15,868 $1,477,708 $1,300,445 $177,263
2023 $15,980 $1,448,734 $1,274,946 $173,788
2022 $15,798 $1,420,328 $1,249,947 $170,381
2021 $15,659 $1,392,479 $1,225,438 $167,041
2020 $15,516 $1,378,201 $1,212,872 $165,329
2019 $15,224 $1,351,178 $1,189,090 $162,088
2018 $15,012 $1,324,685 $1,165,775 $158,910
2017 $14,730 $1,298,711 $1,142,916 $155,795
2016 $14,459 $1,273,247 $1,120,506 $152,741
2015 $14,386 $1,254,122 $1,103,675 $150,447
2014 $14,063 $1,229,556 $1,082,056 $147,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P808515

California Regional Multiple Listing Service (CRMLS)

APN: 048-261-04