NOT LISTED FOR SALE

201 Garnet Ave Newport Beach, CA 92662

Balboa Island Neighborhood

Estimated Value: $4,603,493 - $5,614,000

3 Beds
3.5 Baths
2,720 Sq Ft
$1,873/Sq Ft Est. Value

Last Sold March 30, 2015

Last sale price $2,722,772 $1,001 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $30,028/month

318 Days on Market

Highlights

  • Primary Bedroom Suite
  • City Lights View
  • Cape Cod Architecture
  • Abraham Lincoln Elementary School Rated A
  • Open Floorplan
  • 2-minute walk to Balboa Island Park

About This Home

As of March 2015

"The Lighthouse" Balboa Island Landmark Home Situated on the Quiet West End of Balboa Island built for Owner/Seller by Accomplished Custom Balboa Island Builder, Vitarelli Construction & Quality Design by Ian Harrison, Architect. Spacious, Sunny and Open Single Family Residence with 3 Bedrooms and 3 ½ Baths. 3rd bedroom presently being used as a spacious and bright family area with wet bar. 1st Floor Great Room opens onto oversize front patio and private gated side patio off kitchen. ELEVATOR accesses all 3 levels of home. 2nd Floor Master Suite, Den, Guest Bedroom and Family Area. 3rd Floor office, walk-in storage room and large roof deck plumbed with utilities for usable outdoor living space with views of sunsets, palm trees and city lights. Fabulous home for indoor/outdoor entertaining featuring open and usable outdoor living spaces on all three levels of home. Large 2 car garage with generous parking apron and roll up door with windows. Additional side parking space for Golf Carts, Boats, Bikes or Car. This One of a Kind Property is perfect for Buyers who are looking for Island Charm with all the modern amenities of a Custom Home!

Last Agent to Sell the Property

Mary Hardesty

Mary Hardesty Realty License #00396726 Listed on: 04/15/2014

Last Buyer's Agent

Elizabeth Hallett

Elizabeth Hallett License #01102942

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,860

Year Built

  • Built in 2003

Lot Details

  • 2,550 Sq Ft Lot
  • Property fronts an alley
  • Fenced
  • Stucco Fence
  • Front and Side Yard Sprinklers

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Uncovered Parking
  • Parking Lot

Home Design

  • Cape Cod Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Fire Retardant Roof
  • Concrete Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2,720 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Coffered Ceiling
  • Cathedral Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Bay Window
  • French Doors
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • L-Shaped Dining Room
  • Den with Fireplace
  • City Lights Views

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Convection Oven
  • Electric Oven
  • Built-In Range
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Tile Countertops
  • Disposal
  • Instant Hot Water

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Tile Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Gas Water Heater
  • Water Purifier
  • Sewer Paid

Additional Features

  • Accessible Elevator Installed
  • Suburban Location

Community Details

  • No Home Owners Association
  • Built by Vitarelli Construction

Listing and Financial Details

  • Legal Lot and Block 17 / 4
  • Tax Tract Number 99
  • Assessor Parcel Number 05002209

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,860

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Architectural Style: Cape Cod
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05002209
  • Year Built: 2003
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2720.00
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Coffered Ceiling(s), Elevator, Intercom, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Tile Counters, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Accessible Elevator Installed
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Ell, Family Kitchen
  • Fireplace Features: Den, Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 1001.02
  • Room Type: All Bedrooms Up, Den, Family Room, Living Room, Master Suite, Walk-In Pantry, Walk-In Closet, Office
  • Window Features: Bay Window(s), Double Pane Windows
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: City Lights
  • Fence: Yes
  • Fencing: Stucco Wall
  • Builder Name: Vitarelli Construction
  • Patio And Porch Features: Concrete, Deck, Patio Open, Patio, Roof Top, Tile
  • Pool Private: No
  • Roof: Concrete, Fire Retardant, Shingle
  • Spa: No
  • Construction Materials: Stucco, Vinyl Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 3
  • Parking: Yes
  • Parking Features: Concrete, Direct Garage Access, Garage, Garage Door Opener, Parking Space, Garage Faces Rear, Garage - Two Door, Uncovered
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Instant Hot Water, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator, Water Purifier
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Features: Sprinklers In Front, Sprinklers On Side, Sprinkler System
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0590

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 4
  • Tax Lot: 17
  • Tax Tract Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2014
Closed on
Mar 5, 2015
Sold by
Gerbi Raymond J and Gerbi Jeanne L
Bought by
Maly Maxine H
Seller's Agent
Mary Hardesty
Mary Hardesty Realty
Buyer's Agent
Elizabeth Hallett
Elizabeth Hallett
List Price
$3,100,000
Sold Price
$2,722,772
Premium/Discount to List
-$377,228
-12.17%
Total Days on Market
318
Current Estimated Value
$5,095,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,372,351
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Jul 23, 2009
Sold by
Gerbi Raymond J and Gerbi Jeanne L
Bought by
Gerbi Raymond J and Gerbi Jeanne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
5.37%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Mar 29, 2001
Sold by
Gerbi Jeanne L
Bought by
Gerbi Raymond J and Gerbi Jeanne L

Purchase Details

Closed on
May 25, 1999
Sold by
Louise Andree Dorothy
Bought by
Gerbi Jeanne L and The Andree Family Trust

Purchase Details

Closed on
Dec 23, 1998
Sold by
Andree Carl Clinton
Bought by
Andree Dorothy Louise

Purchase Details

Closed on
Apr 8, 1998
Sold by
Andree Carl Clinton and Clinton Andree C
Bought by
Andree Dorothy Louise
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
Maly Maxine H $2,723,000 Chicago Title Company
Gerbi Raymond J -- Placer Title Company
Gerbi Raymond J -- --
Gerbi Jeanne L -- --
Gerbi Jeanne L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerbi Raymond J $938,250
Previous Owner Gerbi Raymond J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2015 03/30/15 Sold $2,722,772 -7.7% $1,001 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
09/08/2014 09/08/14 Price Changed $2,950,000 -1.6% $1,085 / Sq Ft
06/05/2014 06/05/14 Price Changed $2,997,500 -3.3% $1,102 / Sq Ft
04/15/2014 04/15/14 For Sale $3,100,000 -- $1,140 / 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 $35,860 $3,208,466 $2,818,769 $389,697
2023 $35,053 $3,145,555 $2,763,499 $382,056
2022 $34,488 $3,083,878 $2,709,313 $374,565
2021 $33,858 $3,023,410 $2,656,189 $367,221
2020 $31,792 $2,992,409 $2,628,953 $363,456
2019 $31,130 $2,933,735 $2,577,405 $356,330
2018 $30,507 $2,876,211 $2,526,867 $349,344
2017 $29,965 $2,819,815 $2,477,320 $342,495
2016 $29,289 $2,764,525 $2,428,745 $335,780
2015 $4,485 $399,511 $104,032 $295,479
2014 $4,379 $391,686 $101,995 $289,691
Source: Public Records

Agents Affiliated with this Home

  • Mary Hardesty

    Seller's Agent in 2015

    Mary Hardesty

    Mary Hardesty Realty

    (949) 675-3612

    8 in this area

    17 Total Sales

    Mary Hardesty
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14077412

California Regional Multiple Listing Service (CRMLS)

APN: 050-022-09

California Orange County Newport Beach 92662 Balboa Island

201 Garnet Ave, Newport Beach, CA

This home is located at 201 Garnet Ave, Newport Beach, CA 92662 since 15 April 2014 and is currently estimated at $5,095,123, approximately $1,873 per square foot. This property was built in 2003. 201 Garnet Ave is a home located in Orange County with nearby schools including Abraham Lincoln Elementary School, Corona del Mar Middle and High School, and German School Campus.

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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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