NOT LISTED FOR SALE

2024 E Ocean Blvd Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood

Estimated Value: $3,267,200 - $4,336,000

2 Beds
2 Baths
1,288 Sq Ft
$2,827/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $2,050,000 $1,592 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $20,934/month

475 Days on Market

Highlights

  • Boat Dock
  • Primary Bedroom Suite
  • Property is near park
  • Newport Elementary School Rated A
  • Cape Cod Architecture
  • 4-minute walk to West Jetty View Park

About This Home

As of February 2017

Turnkey Beach Cottage. Beautifully remodeled with ease of living in mind. First time on the market since current owner bought 33 years ago. This fabulous Balboa Peninsula Point home is just steps to the beach and bay. It was taken down to the studs in 2008 and completely redone. The kitchen boasts beautiful granite counters, a wine refrigerator, and KitchenAid appliances. Dining Room could easily be used as a den or office. Gorgeous laminate flooring is featured throughtout the home. The master bath has marble a counter and porcelain tile floors. The open floor plan opens to an overisized gray flagstone front patio, perfect for entertaining or enjoying beautiful Newport Beach. Highly desirable location, and all the amenities including an attached two car garage garage,air conditioning,tons of storage, dining room opens to a cozy 2nd patio area featuring a wall fountain The Peninsula Point Homeowners Association is not mandatory but does entitle homeowners to use of a private beach, picnic area and small boat launch.

Last Agent to Sell the Property

Cheryl Johnston

Surterre Properties Inc. License #00773540 Listed on: 07/24/2016

Surterre Properties Inc.

Last Buyer's Agent

MICHAEL SLUSS

PACIFIC REALTY CENTER License #01227633

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 2,625

HOA Fees

  • $6 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door

Home Design

  • Cape Cod Architecture
  • Turnkey

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Tankless Water Heater

Additional Features

  • 2,625 Sq Ft Lot
  • Property is near park

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 518
  • Assessor Parcel Number 04826132

Community Details

Overview

  • Built by Balboa Peninsula Point

Amenities

  • Picnic Area

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Year Built

Built in 1951 | Remodeled

Lot Details

0

HOA Fees

$6 per month

Parking

2

Listing Details

  • Assessments: No
  • Ad Number: Cheryl
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Balboa Peninsula Point (BLPP)
  • View: No
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04826132
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1288.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 1591.61
  • Room Type: All Bedrooms Down, Master Suite

Exterior Features

  • Patio: Yes
  • Builder Name: Balboa Peninsula Point
  • Patio And Porch Features: Front Porch, Rear Porch, Patio, Stone
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Double Oven, Dishwasher, Gas Range, Microwave, Tankless Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dock, Picnic Area
  • Association Fee: 75.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 2625.00
  • Price Per Lot Square Foot: 874.29

Multi Family

  • Lease Considered: No

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: N-518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2018
Sold by
Gervasi Frank T and Gervasi Lori L
Bought by
Gervasi Frank T and Gervasi Lori L
Current Estimated Value
$3,641,050

Purchase Details

Closed on
Nov 14, 2016
Sold by
Middlebrooks Carolyn J
Bought by
Gervasi Frank T and Gervasi Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2012
Sold by
Middlebrooks Carolyn J
Bought by
Middlebrooks Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2010
Sold by
Middlebrooks Carolyn J
Bought by
Middlebrooks Carolyn J and Carolyn J Middlebrooks Living Trust

Purchase Details

Closed on
Apr 22, 2003
Sold by
Middlebrooks Carolyn J
Bought by
Middlebrooks Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,000
Interest Rate
5.72%

Purchase Details

Closed on
Aug 4, 2000
Sold by
Middlebrooks Dan K
Bought by
Middlebrooks Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
8.65%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gervasi Frank T -- None Available
Gervasi Frank T $2,050,000 Ticor Title
Middlebrooks Carolyn J -- Lsi
Middlebrooks Carolyn J -- None Available
Middlebrooks Carolyn J -- North American Title Co
Middlebrooks Carolyn J -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gervasi Frank T $1,537,500
Previous Owner Middlebrooks Carolyn J $625,000
Previous Owner Middlebrooks Carolyn J $349,000
Previous Owner Middlebrooks Carolyn J $335,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2017 02/15/17 Sold $2,050,000 -2.3% $1,592 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
09/30/2016 09/30/16 Price Changed $2,099,000 -8.5% $1,630 / Sq Ft
07/24/2015 07/24/15 For Sale $2,295,000 -- $1,782 / 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
2025 $24,937 $2,379,198 $2,312,179 $67,019
2024 $24,937 $2,332,548 $2,266,843 $65,705
2023 $24,955 $2,286,812 $2,222,395 $64,417
2022 $24,648 $2,241,973 $2,178,819 $63,154
2021 $24,368 $2,198,013 $2,136,097 $61,916
2020 $24,144 $2,175,476 $2,114,194 $61,282
2019 $23,678 $2,132,820 $2,072,739 $60,081
2018 $23,326 $2,091,000 $2,032,097 $58,903
2017 $5,748 $428,437 $346,483 $81,954
2016 $5,694 $420,037 $339,689 $80,348
2015 $5,719 $413,728 $334,586 $79,142
2014 $5,604 $405,624 $328,032 $77,592
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Cheryl Johnston

    Surterre Properties Inc.

    Section Image

  • M

    Buyer's Agent in 2017

    MICHAEL SLUSS

    PACIFIC REALTY CENTER

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP16162253

California Regional Multiple Listing Service (CRMLS)

APN: 048-261-32

California Orange County Newport Beach 92661 Balboa Peninsula Point

2024 E Ocean Blvd, Newport Beach, CA

Not Listed for Sale

Detached

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