2038 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $3,533,000 - $8,441,000
3
Beds
2
Baths
1,110
Sq Ft
$5,831/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- Ocean Side of Highway 1
- Newport Elementary School Rated A
- Property has ocean access
- 4-minute walk to West Jetty View Park
About This Home
As of May 2017This classic Balboa Peninsula Point oceanfront cottage is one of the last of its kind. Perfectly located on the quietest section of the beach, a prime 3,200 square foot sandfront lot with 40' of frontage, extraordinary views of the ocean, Catalina Island, the Wedge, the Balboa Pier and the Newport Harbor jetties and entrance. This gracious home features a living room with a fireplace, a galley kitchen, three bedrooms, two baths and a two-car attached garage with a storage loft. All of the fun of Newport Beach is out your door, swimming, paddleboarding, sailing, surfing, beach volleyball, boogie boarding, bike riding, the Balboa Village, Newport Bay, the World Famous Fun Zone, beach combing and much more. The value of this prime oceanfront property is all in the land and there is no boardwalk. Opportunities abound, remodel, redevelop or build new.
Last Agent to Sell the Property
Pacific Sotheby’s International Realty License #00936421 Listed on: 02/23/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $82,208
Year Built
- Built in 1953
Lot Details
- 3,200 Sq Ft Lot
- Lot Dimensions are 40' x 80'
- Beach Front
- Level Lot
Parking
- 2 Car Garage
Property Views
- Ocean
- Coastline
- Harbor
- Catalina
Home Design
- Cape Cod Architecture
- Cottage
Interior Spaces
- 1,110 Sq Ft Home
- Living Room with Fireplace
- Galley Kitchen
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Property has ocean access
- Ocean Side of Highway 1
Utilities
- Wall Furnace
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 518
- Assessor Parcel Number 04826221
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2017
Closed on
Apr 20, 2017
Sold by
The Northern Trust Co
Bought by
Vuylsteke Bill and Hampton House Trust
Seller's Agent
Steve High
Pacific Sotheby’s International Realty
Buyer's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
List Price
$6,295,000
Sold Price
$6,325,000
Premium/Discount to List
$30,000
0.48%
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.
Estimated Appreciation
$147,242
Avg. Annual Appreciation
0.28%
Original Mortgage
$3,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 10, 2001
Sold by
Gross Margaret L
Bought by
Gross Margaret L and Robert E & Margaret L Gross Living Trust
Purchase Details
Closed on
Jan 4, 2001
Sold by
Gross Robert E and Gross Margaret L
Bought by
Gross Robert E and Gross Margaret 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 |
|---|---|---|---|
| Vuylsteke Bill | $6,325,000 | Stewart Title Co | |
| Gross Margaret L | -- | -- | |
| Gross Robert E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vuylsteke Bill | $3,000,000 | |
| Closed | Vuylsteke Bill | $3,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2017 05/01/17 | Sold | $6,325,000 | +0.5% | $5,698 / Sq Ft |
| 02/23/2017 02/23/17 | For Sale | $6,295,000 | -- | $5,671 / 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 | $82,208 | $7,775,548 | $7,090,995 | $684,553 |
| 2023 | $79,570 | $7,554,108 | $6,951,956 | $602,152 |
| 2022 | $78,262 | $7,405,989 | $6,815,643 | $590,346 |
| 2021 | $76,757 | $7,260,774 | $6,682,003 | $578,771 |
| 2020 | $76,021 | $7,186,324 | $6,613,487 | $572,837 |
| 2019 | $70,147 | $6,638,053 | $6,483,811 | $154,242 |
| 2018 | $68,151 | $6,451,500 | $6,356,678 | $94,822 |
| 2017 | $2,127 | $168,665 | $116,152 | $52,513 |
| 2016 | $2,009 | $165,358 | $113,874 | $51,484 |
| 2015 | $1,987 | $162,875 | $112,164 | $50,711 |
| 2014 | $1,940 | $159,685 | $109,967 | $49,718 |
Source: Public Records
Agents Affiliated with this Home
-
Steve High
Seller's Agent in 2017
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
4 in this area
72 Total Sales
-
Kim Bibb
Buyer's Agent in 2017
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
52 in this area
123 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG17037798
APN: 048-262-21
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