2037 E Ocean Blvd Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $4,582,000 - $6,980,000
4
Beds
2
Baths
1,336
Sq Ft
$4,508/Sq Ft
Est. Value
Highlights
- Marina
- Ocean View
- Fishing
- Newport Elementary School Rated A
- Beach Access
- 4-minute walk to West Jetty View Park
About This Home
As of January 2015Location, location, and did I mention this classic 4 bedroom, 2 bath beach cottage on the ocean side of East Ocean Boulevard with peekaboo ocean views is only one block from the Wedge? This two story home enjoys two bedrooms and one bath per level, and has an additional family room and wet bar area upstairs. Cozy but open, there is a patio in front and another between the home and the detached two car garage. The top of the garage hosts a sprawling deck with a pleasant glimpse of the sparking Pacific. Your back gate is mere steps to the most desirable stretch of sand in Newport Beach.
This venerable beachside abode and approx 35x70 lot (buyer to verify sq ft) is ideal for a major remodel, or to start from scratch and build your own Peninsula Point dream home.
Last Agent to Sell the Property
Art White
White Sail Real Estate License #01905655 Listed on: 09/29/2014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $45,193
Year Built
- Built in 1950
Lot Details
- 2,614 Sq Ft Lot
- Brick Fence
Parking
- 2 Car Garage
Property Views
- Ocean
- Neighborhood
Home Design
- Cottage
- Slab Foundation
Interior Spaces
- 1,336 Sq Ft Home
- 2-Story Property
- Family Room Off Kitchen
- Living Room with Fireplace
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Beach Access
- Rooftop Deck
- Patio
- Exterior Lighting
- Rain Gutters
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 518
- Tax Tract Number 22
- Assessor Parcel Number 04826209
Community Details
Overview
- No Home Owners Association
Recreation
- Marina
- Fishing
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 26, 2021
Sold by
El Moussa Tarek Gustave
Bought by
El Moussa Tarek and James Family Trust
Total Days on Market
63
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,710,000
Outstanding Balance
$3,411,094
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$2,569,908
Purchase Details
Closed on
Sep 21, 2020
Sold by
El Moussa Tarek
Bought by
El Moussa Tarek and James Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,885,600
Interest Rate
2.9%
Mortgage Type
Construction
Purchase Details
Closed on
Aug 25, 2020
Sold by
Anderson Lance T and Anderson Christine M
Bought by
Moussa Tarek El
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,885,600
Interest Rate
2.9%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 6, 2018
Sold by
Kwock Daniel C
Bought by
Anderson Lance T and Anderson Christine M
Purchase Details
Closed on
Jan 25, 2017
Sold by
Mirhadi Amin Joseph and Yousefi Sally
Bought by
Kwock Daniel C and The Daniel C Kwock Ii Trust
Purchase Details
Listed on
Sep 29, 2014
Closed on
Dec 19, 2014
Sold by
Hausman Kirsten Ann
Bought by
Mirhadi Amin Joseph and Yousefi Sally
Seller's Agent
Art White
White Sail Real Estate
Buyer's Agent
Allison Root
Compass
List Price
$2,195,000
Sold Price
$1,920,000
Premium/Discount to List
-$275,000
-12.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%
Original Mortgage
$1,500,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 28, 2008
Sold by
Ronnow Joan L
Bought by
Ronnow Joan L and Survivors Trust Of The Ronnow Living Tr
Purchase Details
Closed on
Sep 23, 2005
Sold by
Ronnow Joan L
Bought by
Ronnow Joan L and Ronnow Living Trust
Purchase Details
Closed on
Sep 12, 2002
Sold by
Ronnow James L and Ronnow Joan L
Bought by
Ronnow James L and Ronnow Joan L
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| El Moussa Tarek | -- | Accommodation | |
| Moussa Tarek Gustave El | -- | Fidelity National Title Co | |
| El Moussa Tarek | -- | Accommodation | |
| Moussa Tarek El | $3,125,000 | Fidelity Natl Ttl Orange Cnt | |
| Anderson Lance T | $3,839,500 | Ticor Title | |
| Kwock Daniel C | $3,900,000 | Ticor Title Co | |
| Mirhadi Amin Joseph | $1,920,000 | Ticor Title Company | |
| Ronnow Joan L | -- | None Available | |
| Ronnow Joan L | -- | -- | |
| Ronnow James L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Moussa Tarek Gustave El | $3,710,000 | |
| Closed | Moussa Tarek El | $2,885,600 | |
| Previous Owner | Mirhadi Amin Joseph | $2,275,000 | |
| Previous Owner | Mirhadi Amin Joseph | $1,500,000 | |
| Previous Owner | Ronnow Joan L | $200,000 | |
| Previous Owner | Ronnow Ii James L | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2015 01/20/15 | Sold | $1,920,000 | -12.5% | $1,437 / Sq Ft |
| 12/01/2014 12/01/14 | Pending | -- | -- | -- |
| 09/29/2014 09/29/14 | For Sale | $2,195,000 | -- | $1,643 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $45,193 | $4,257,721 | $3,166,884 | $1,090,837 |
| 2023 | $44,139 | $4,174,237 | $3,104,788 | $1,069,449 |
| 2022 | $43,222 | $4,074,390 | $3,043,910 | $1,030,480 |
| 2021 | $42,392 | $3,994,500 | $2,984,225 | $1,010,275 |
| 2020 | $42,416 | $3,994,505 | $2,987,202 | $1,007,303 |
| 2019 | $41,532 | $3,916,182 | $2,928,630 | $987,552 |
| 2018 | $41,339 | $3,900,000 | $3,017,648 | $882,352 |
| 2017 | $23,853 | $2,232,209 | $1,925,992 | $306,217 |
| 2016 | $20,806 | $1,949,280 | $1,888,228 | $61,052 |
| 2015 | $1,387 | $99,023 | $61,202 | $37,821 |
| 2014 | $1,355 | $97,084 | $60,003 | $37,081 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2015
Art White
White Sail Real Estate
-
Allison Root
Buyer's Agent in 2015
Allison Root
Compass
(949) 554-1200
1 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP14208755
APN: 048-262-09
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