NOT LISTED FOR SALE

Estimated Value: $2,537,000 - $2,697,601

2 Beds
1 Bath
1,444 Sq Ft
$1,812/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2012

Last sale price $880,000 $609 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $14,474 / mo

199 Days on Market

Highlights

  • Peek-A-Boo Views
  • Maid or Guest Quarters
  • Wood Flooring
  • Newport Elementary School Rated A
  • Contemporary Architecture
  • Double Pane Windows

About This Home

As of August 2012

Best location on the Balboa Peninsula! Close to all services, beach and entertainment. Great parking, wide streets, nice alley, lots of blue poles, lots of owners in residence, nice mix of owners & tenants families, pets, and life in paradise. Summer rentals make this a LIVE FREE option! Very popular with families. Lots of upgrades and updates in this two bedroom 1bath each unit duplex. Front unit could expand to become 1,000 sqft with 2 ba huge closets for deluxe owners unit.Lots of room and ideas to add bathrooms and closets making owners units really doable. Valuable location for Summer/seasonal rents.

Last Agent to Sell the Property

Brenda Martin

B.J. Martin & Co. License #00428846 Listed on: 01/15/2012

Co-Listed By

James Allison

B.J. Martin & Co. License #01894150

Last Buyer's Agent

Doug Mitchell

MITCHELL REALTY CO. License #00891501

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2,375 Sq Ft Lot

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • Maid or Guest Quarters
  • 1,444 Sq Ft Home
  • Double Pane Windows
  • Peek-A-Boo Views

Kitchen

  • Gas Oven or Range
  • Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • 3 Car Garage
  • Rear-Facing Garage

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Purifier

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Tract Number 418
  • Assessor Parcel Number 04707222
  • Tax Block 129

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $60
  • Insurance Expense $900
  • Trash Expense $25
  • New Taxes Expense $2
  • Gross Income $4,000
  • Net Operating Income $43,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

2,375 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.62
  • View: Yes
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 04707222
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Flooring: Carpet, Tile, Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 609.42
  • Room Type: Guest/Maid's Quarters
  • Window Features: Double Pane Windows

Exterior Features

  • View: Peek-A-Boo
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher, Free Standing, Gas Cooking, Disposal, Range, Refrigerator, Water Purifier
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 25.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 2375.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 800
  • Gross Income: 4000.00
  • Gross Multiplier: 19.79
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 2375.0000 Square Feet
  • Net Operating Income: 43900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Operating Expense: 4100.00

Tax Info

  • New Taxes Expense: 2.00
  • Tax Area: 07001
  • Tax Block: 129
  • Tax Tract Number: 418

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2019
Sold by
Delman Allan and Delman Colleen
Bought by
Current Estimated Value
$2,429,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$420,908
Interest Rate
3.38%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,195,242

Purchase Details

Listed on
Jan 15, 2012
Closed on
Aug 21, 2012
Sold by
Stark Clifford R
Bought by
Delman Allan M and Delman Colleen P
Seller's Agent
Brenda Martin
B.J. Martin & Co.
Buyer's Agent
Doug Mitchell
MITCHELL REALTY CO.
List Price
$950,000
Sold Price
$880,000
Premium/Discount to List
-$70,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$586,350
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2008
Sold by
Stark Clifford R
Bought by
Stark Clifford R and The Clifford R Stark Trust

Purchase Details

Closed on
Nov 16, 2004
Sold by
Wagner Walter R and Wagner Kathlyn L
Bought by
Wagner Walter R and Wagner Kathlyn Linlan

Purchase Details

Closed on
Feb 2, 1999
Sold by
Wagner Walter R and Wagner Kathlyn L
Bought by
Stark Clifford R and Wagner Walter R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in West Newport Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Stewart Title Of Ca Inc
Delman Allan M -- Fidelity National Title Co
Stark Clifford R -- None Available
Wagner Walter R -- --
Stark Clifford R -- Lawyers Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Closed Delman Allan M $586,350
Previous Owner Stark Clifford R $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/29/2012 08/29/12 Sold $880,000 -7.4% $609 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
01/15/2012 01/15/12 For Sale $950,000 -- $658 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,836 $1,105,326 $1,023,246 $82,080
2025 $12,638 $1,083,653 $1,003,182 $80,471
2024 $12,638 $1,062,405 $983,511 $78,894
2023 $12,360 $1,041,574 $964,226 $77,348
2022 $12,149 $1,021,151 $945,319 $75,832
2021 $11,932 $1,001,129 $926,783 $74,346
2020 $11,822 $990,864 $917,280 $73,584
2019 $10,709 $971,436 $899,294 $72,142
2018 $10,498 $952,389 $881,661 $70,728
2017 $10,314 $933,715 $864,373 $69,342
2016 $10,086 $915,407 $847,424 $67,983
2015 $9,989 $901,657 $834,695 $66,962
2014 $9,755 $883,995 $818,344 $65,651
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P810103

California Regional Multiple Listing Service (CRMLS)

APN: 047-072-22

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